ACTIVE

VANGEEL WEGENBOUW

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Financial year 2025 · Closed on 30/09/2025

Net result4,6 M €+17,5 %over 1 year

Revenue25 M €+3,3 %over 1 year

Equity10,2 M €-0,4 %over 1 year

Workforce72,3 ETP+3,7 %over 1 year

Identity

Source · BCE/KBO

VANGEEL WEGENBOUW is a Private limited company incorporated in 1994. Its main activity is: Construction of roads and motorways. Its registered office is in Turnhout. It employs on average 72,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0453.547.353
Incorporation: 03/10/1994
Legal form: Private limited company
Registered office: Bleukenlaan 19
2300 Turnhout · FlandreSee on map
Contributed capital: 99 157,41 €
Latest accounts: 30/09/2025
Average workforce: 72,3 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 16 financial years

	2025		2024		2023		2022		2018
Income statement
Revenue	25 M €	+3.3%	24,2 M €	+14.7%	21,1 M €	+1.3%	20,8 M €	-13.6%	24,1 M €
EBITDA	6,6 M €	+17.1%	5,6 M €	+22.1%	4,6 M €	-5.8%	4,9 M €	-5.0%	5,1 M €
Operating result	6,1 M €	+16.2%	5,2 M €	+23.9%	4,2 M €	-3.2%	4,3 M €	+11.6%	3,9 M €
Net result	4,6 M €	+17.5%	4 M €	+33.9%	3 M €	-9.5%	3,3 M €	+30.1%	2,5 M €
Balance sheet
Equity	10,2 M €	-0.4%	10,2 M €	+0.4%	10,2 M €	+0.6%	10,1 M €	+8.9%	9,3 M €
Total assets	17 M €	-0.2%	17 M €	+8.1%	15,7 M €	-19.2%	19,5 M €	+40.0%	13,9 M €
Cash	2,3 M €	-16.4%	2,7 M €	+2.7%	2,7 M €	-66.2%	7,9 M €	+359%	1,7 M €
Debts	6,6 M €	+0.4%	6,6 M €	+23.8%	5,3 M €	-41.3%	9 M €	+139%	3,8 M €
Other
Workforce	72,3 ETP	+3.7%	69,7 ETP	-2.5%	71,5 ETP	-12.4%	81,6 ETP	-11.8%	92,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 8 ended

Active mandates

Bob Van Herck

Director · since 28 septembre 2023

Active

Stef Van Gorp

Director · since 28 septembre 2023

Active

Uli Lenaerts

Director · since 28 septembre 2023

Active

Michel Vangeel

Managing director · since 03 octobre 1994

Active

Ended mandates

Michel Vangeel

Director · since 03 octobre 1994

Ended

Bob Van Herck

Director

Ended

de heer Michel VANGEEL

Manager

Ended

Michel Vangeel

Director

Ended

Other companies at this address

Bleukenlaan 19 2300 Turnhout

Company	CBE no.
TM BESIX Infra - Vangeel wegenbouw - Merksplas● Active	1042.431.482

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	10/03/2026	10/03/2025	04/03/2024	15/03/2023	21/03/2022	17/03/2021
General meeting	27/02/2026	28/02/2025	29/02/2024	18/02/2023	19/02/2022	20/02/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	27/02/2026	10/03/2026	Dutch	PDF
Full model	30/09/2024	28/02/2025	10/03/2025	Dutch	PDF
Full model	30/09/2023	29/02/2024	04/03/2024	Dutch	PDF
Full model	30/09/2022	18/02/2023	15/03/2023	Dutch	PDF
Full model	30/09/2021	19/02/2022	21/03/2022	Dutch	PDF
Full model	30/09/2020	20/02/2021	17/03/2021	Dutch	PDF
Full model	30/09/2019	06/03/2020	25/03/2020	Dutch	PDF
Full model	30/09/2018	16/02/2019	05/03/2019	Dutch	PDF
Full model	30/09/2017	17/02/2018	08/03/2018	Dutch	PDF
Full model	30/09/2016	18/02/2017	17/03/2017	Dutch	PDF
Full model	30/09/2015	19/03/2016	21/03/2016	Dutch	PDF
Full model	30/09/2014	21/03/2015	31/03/2015	Dutch	PDF
Full model	30/09/2013	15/03/2014	27/03/2014	Dutch	PDF
Full modelCorrection	30/09/2012	16/03/2013	08/04/2013	Dutch	PDF
Full model	30/09/2012	16/03/2013	18/03/2013	Dutch	PDF
Full model	30/09/2011	17/03/2012	19/03/2012	Dutch	PDF
Full model	30/09/2010	19/03/2011	05/04/2011	Dutch	PDF
Full model	30/09/2009	20/03/2010	24/03/2010	Dutch	PDF
Full model	30/09/2008	21/03/2009	24/03/2009	Dutch	PDF
Full model	30/09/2007	15/03/2008	18/03/2008	Dutch	PDF
Full model	30/09/2006	17/03/2007	28/03/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

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.

Board of directors

Source · NBB, accounts to 30/09/2025

4 active · 8 ended

Active mandates

Bob Van Herck

Director · since 28 septembre 2023

Active

Stef Van Gorp

Director · since 28 septembre 2023

Active

Uli Lenaerts

Director · since 28 septembre 2023

Active

Michel Vangeel

Managing director · since 03 octobre 1994

Active

Ended mandates

Michel Vangeel

Director · since 03 octobre 1994

Ended

Bob Van Herck

Director

Ended

de heer Michel VANGEEL

Manager

Ended

Michel Vangeel

Director

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/09/2026
Ontslag en benoeming gedelegeerd bestuurder
PDF
Mandates29/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/01/2017
KAPITAAL - AANDELEN
PDF
Mandates21/04/2016
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 20254,6 M €↑
2024
Annual accounts 20244 M €↑
2023
Annual accounts 20233 M €↓
2022
Annual accounts 20223,3 M €↑
2018
Annual accounts 20182,5 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016642,7 k €↑
2015
Annual accounts 2015402,6 k €↓
2014
Annual accounts 2014462,9 k €↓
2013
Annual accounts 2013745,3 k €↑
2012
Annual accounts 2012723,4 k €↑
2011
Annual accounts 201132,2 k €↓
2010
Annual accounts 201084,8 k €↓
2009
Annual accounts 2009594 k €↑
2008
Annual accounts 2008552,6 k €↓
2007
Annual accounts 20071 M €
03/10/1994
IncorporationPrivate limited company

VANGEEL WEGENBOUW

Overview

Identity

Financials

Valuation

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

Timeline