ACTIVE

V.L. DEVELOPMENT

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Financial year 2025 · closed on 30/09/2025

Net result

38,0 k €

-10.0% YoY

Gross margin

109,2 k €

+12.2% YoY

Equity

650,4 k €

+6.2% YoY

What does V.L. DEVELOPMENT do?

V.L. DEVELOPMENT is a Private limited company incorporated in 1994. Its main activity is: Real estate agencies. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.434.220

Incorporation

09/09/1994

Legal form

Private limited company

Registered office

Avenue Vésale 28
1300 Wavre · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	109,2 k €	+12.2%	97,3 k €	-22.1%	124,9 k €	-78.6%	583,0 k €	+598%	83,5 k €	-53.9%	181,2 k €	+55.6%	116,4 k €	+75.4%	66,4 k €	+427%	12,6 k €	-88.4%	108,8 k €	-60.4%	274,5 k €	-4.9%	288,6 k €	+27.4%	226,5 k €	+0.7%	224,9 k €	-13.7%	260,5 k €	+215%	82,6 k €	-60.1%	206,8 k €	-52.2%	432,4 k €	+32.1%	327,3 k €	-32.9%	488,0 k €
EBITDA	106,5 k €	+254%	30,1 k €	-75.1%	120,8 k €	-78.8%	570,8 k €	+634%	77,8 k €	-55.7%	175,8 k €	+57.2%	111,9 k €	+34.7%	83,0 k €	+628%	11,4 k €	-89.0%	103,6 k €	-51.1%	211,8 k €	-18.2%	258,9 k €	+35.9%	190,5 k €	+7.5%	177,3 k €	-3.6%	183,8 k €	+659%	-32,9 k €	-150%	65,1 k €	-77.3%	287,1 k €	+76.6%	162,6 k €	-48.6%	316,4 k €
Operating result	84,5 k €	+15.6%	73,1 k €	-25.6%	98,2 k €	-82.1%	548,2 k €	+892%	55,2 k €	-37.9%	88,9 k €	-0.8%	89,6 k €	+42.9%	62,7 k €	+1219%	4,8 k €	-94.7%	89,6 k €	-51.9%	186,4 k €	-21.5%	237,5 k €	+41.3%	168,1 k €	+14.6%	146,7 k €	-4.9%	154,3 k €	+506%	-38,0 k €	-192%	41,4 k €	-84.2%	261,4 k €	+96.5%	133,0 k €	-51.4%	273,7 k €
Net result	38,0 k €	-10.0%	42,2 k €	-37.3%	67,3 k €	-81.8%	370,4 k €	+1134%	30,0 k €	-49.6%	59,5 k €	+14.4%	52,1 k €	+68.9%	30,8 k €	+335%	-13,1 k €	-124%	54,1 k €	-51.5%	111,5 k €	-28.6%	156,0 k €	+49.8%	104,2 k €	+7.5%	96,9 k €	-0.6%	97,5 k €	+1417%	-7,4 k €	-143%	17,2 k €	-88.7%	151,9 k €	+80.3%	84,2 k €	-39.8%	139,9 k €
Balance sheet
Equity	650,4 k €	+6.2%	612,4 k €	+7.4%	570,2 k €	+13.4%	502,8 k €	+42.7%	352,5 k €	+9.3%	322,4 k €	+22.6%	262,9 k €	+24.7%	210,8 k €	+17.1%	180,0 k €	-40.6%	303,1 k €	+21.7%	249,0 k €	+81.1%	137,5 k €	+1350%	9,5 k €	-86.4%	69,8 k €	+370%	14,9 k €	-95.9%	363,6 k €	-12.0%	413,3 k €	+4.3%	396,2 k €	+42.9%	277,3 k €	+43.6%	193,0 k €
Total assets	1,6 M €	-9.6%	1,8 M €	-3.5%	1,8 M €	+53.2%	1,2 M €	+37.1%	880,5 k €	+8.5%	811,4 k €	-8.5%	886,5 k €	+44.3%	614,2 k €	-9.4%	677,9 k €	+14.1%	594,0 k €	-3.3%	614,1 k €	+25.0%	491,2 k €	-45.3%	898,1 k €	-2.8%	923,5 k €	-7.6%	999,2 k €	+25.6%	795,6 k €	-10.8%	892,4 k €	-8.4%	974,0 k €	+122%	439,2 k €	-20.9%	555,0 k €
Cash	3,5 k €	-94.2%	59,3 k €	+199%	19,8 k €	-90.3%	203,4 k €	+1357%	14,0 k €	-55.7%	31,5 k €	-38.9%	51,6 k €	+267%	14,0 k €	-63.5%	38,4 k €	-75.1%	154,1 k €	-18.4%	188,9 k €	-1.4%	191,7 k €	+15.6%	165,8 k €	-13.4%	191,5 k €	+9.4%	175,1 k €	+665%	22,9 k €	-84.1%	144,3 k €	-56.2%	329,3 k €	+169%	122,2 k €	-37.6%	195,8 k €
Debts	953,8 k €	-18.6%	1,2 M €	-8.3%	1,3 M €	+81.3%	704,7 k €	+33.6%	527,6 k €	+7.9%	489,0 k €	-16.1%	583,0 k €	+44.5%	403,4 k €	-19.0%	497,9 k €	+71.2%	290,9 k €	-20.3%	365,1 k €	+3.2%	353,6 k €	-60.2%	888,6 k €	+4.1%	853,7 k €	-13.3%	984,4 k €	+128%	432,1 k €	-8.2%	470,9 k €	-17.4%	569,7 k €	+252%	161,9 k €	-55.2%	361,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-33.3%	1,5 ETP	-42.3%	2,6 ETP	-13.3%	3,0 ETP	0.0%	3,0 ETP	-18.9%	3,7 ETP	+32.1%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Frédéric Sturbois

Director

Active

Jan Van Loock

Director

Active

Ended mandates

Fréderique Sturbois

Manager · since 19 juillet 2010

Ended

Frédéric Sturbois

Manager

Ended

Jan Van Loock

Administrator - manager

Ended

Jan Van Loock

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DEMO ESTATE● Active	0419.683.366
VLD +● Active	0651.849.403

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	01/05/2025	30/04/2024	24/11/2022	26/04/2022	30/04/2021
General meeting	06/03/2026	07/03/2025	08/03/2024	24/11/2022	31/03/2022	31/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	06/03/2026	30/04/2026	French	PDF
Micro model	30/09/2024	07/03/2025	01/05/2025	French	PDF
Micro model	30/09/2023	08/03/2024	30/04/2024	French	PDF
Micro model	30/09/2022	24/11/2022	24/11/2022	Dutch	PDF
Micro model	30/09/2021	31/03/2022	26/04/2022	Dutch	PDF
Micro model	30/09/2020	31/03/2021	30/04/2021	Dutch	PDF
Micro model	30/09/2019	06/03/2020	18/03/2020	Dutch	PDF
Micro model	30/09/2018	27/03/2019	25/04/2019	Dutch	PDF
Micro model	30/09/2017	27/03/2018	09/05/2018	Dutch	PDF
Abridged model	30/09/2016	27/03/2017	31/03/2017	Dutch	PDF
Abridged model	30/09/2015	27/03/2016	27/03/2016	Dutch	PDF
Abridged model	30/09/2014	26/01/2016	27/01/2016	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	07/05/2014	Dutch	PDF
Abridged model	30/09/2012	07/05/2013	30/05/2013	Dutch	PDF
Abridged model	30/09/2011	04/05/2012	21/05/2012	Dutch	PDF
Abridged model	30/09/2010	01/04/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	31/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	17/04/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	18/04/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	27/04/2007	30/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Frédéric Sturbois

Director

Active

Jan Van Loock

Director

Active

Ended mandates

Fréderique Sturbois

Manager · since 19 juillet 2010

Ended

Frédéric Sturbois

Manager

Ended

Jan Van Loock

Administrator - manager

Ended

Jan Van Loock

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/02/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office14/12/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/03/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202538,0 k €↓
2024
Annual accounts 202442,2 k €↓
2023
Annual accounts 202367,3 k €↓
2022
Annual accounts 2022370,4 k €↑
2021
Annual accounts 202130,0 k €↓
2020
Annual accounts 202059,5 k €↑
2019
Annual accounts 201952,1 k €↑
2018
Annual accounts 201830,8 k €↑
2017
Annual accounts 2017-13,1 k €↓
2016
Annual accounts 201654,1 k €↓
2015
Annual accounts 2015111,5 k €↓
2014
Annual accounts 2014156,0 k €↑
2013
Annual accounts 2013104,2 k €↑
2012
Annual accounts 201296,9 k €↓
2011
Annual accounts 201197,5 k €↑
2010
Annual accounts 2010-7,4 k €↓
2009
Annual accounts 200917,2 k €↓
2008
Annual accounts 2008151,9 k €↑
2007
Annual accounts 200784,2 k €↓
2006
Annual accounts 2006139,9 k €
09/09/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

V.L. DEVELOPMENT

Overview

What does V.L. DEVELOPMENT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline