ACTIVE

VAEC

Financial year 2025 · closed on 30/06/2025
Net result
37,2 k €
+2.5% YoY
Gross margin
57,2 k €
+41.8% YoY
Equity
78,4 k €
+90.2% YoY

What does VAEC do?

VAEC is a Private limited company incorporated in 1995. Its main activity is: Advertising agencies. Its registered office is in Beersel.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0455.010.271
Incorporation
18/04/1995
Legal form
Private limited company
Registered office
Rozenstraat 10
1650 Beersel · FlandreSee on map
Contributed capital
6 205,32 €
Latest accounts
30/06/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin57,2 k €40,3 k €16,4 k €-1,4 k €-2,1 k €10,4 k €-4 k €-16,4 k €14,3 k €-11,3 k €-2,4 k €-676,8 €-1,2 k €-1,7 k €4,3 k €1,7 k €757,9 €2 k €4,7 k €
EBITDA56,7 k €40,1 k €16,1 k €-1,7 k €-2,2 k €8,8 k €-4,1 k €-16,5 k €14 k €-11,5 k €-2,5 k €-848 €-1,3 k €-1,8 k €4,1 k €1,6 k €546,7 €1,7 k €4,4 k €
Operating result55,4 k €40,1 k €16,1 k €-1,9 k €-2,4 k €8,6 k €-8,2 k €-20,6 k €3,1 k €-18,3 k €-9,3 k €-957,5 €-1,4 k €-2 k €4 k €1,5 k €319,1 €1,4 k €4,1 k €
Net result37,2 k €36,3 k €14,4 k €-2,3 k €-2,7 k €8,3 k €-8,4 k €-20,9 k €2,9 k €-18,4 k €-8,8 k €-239,4 €-516,6 €-1,2 k €4,9 k €2,4 k €1,2 k €2,1 k €4,9 k €
Balance sheet
Equity78,4 k €41,2 k €4,9 k €-9,5 k €-7,2 k €-4,5 k €-12,8 k €-4,4 k €16,5 k €13,7 k €32,1 k €40,9 k €41,1 k €41,7 k €42,8 k €37,9 k €35,5 k €34,3 k €32,2 k €
Total assets107,7 k €57,7 k €21,3 k €5,1 k €4,3 k €8 k €12,6 k €19,6 k €30,7 k €31,8 k €39,6 k €47,1 k €45,4 k €46,4 k €46,6 k €41,6 k €38,6 k €36,7 k €34,3 k €
Cash80,2 k €44,2 k €16,6 k €1 k €383,4 €2,7 k €7,7 k €7,9 k €14,9 k €12,9 k €20,4 k €44,1 k €41,6 k €42,8 k €39,3 k €37,5 k €34,8 k €31,6 k €30,1 k €
Debts27,5 k €14,8 k €14,6 k €12,8 k €9,7 k €10,8 k €23,7 k €22,2 k €12,4 k €16,4 k €5,8 k €4,4 k €2,5 k €3,1 k €2,1 k €1,3 k €734,5 €637,2 €294,6 €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 4 ended

Active mandates

CHARLES CAPPELLEMAN

Manager

Active

Ended mandates

Charles CAPELLEMAN

Manager

Ended
Chris AELBECHT

Manager

Ended
Chris AELBRECHT

Manager

Ended
CHris AELBRECHT

Administrator - manager

Ended
At this address

Other companies at this address

CompanyCBE no.
1026.535.360
Annual accounts

Full financial information

202520232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year30/06/202531/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year18 months12 months12 months12 months12 months12 months
Filing date10/12/202522/07/202403/08/202306/07/202227/07/202111/08/2020
General meeting01/12/202516/05/202418/05/202319/05/202220/05/202118/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202501/12/202510/12/2025DutchPDF
Micro model31/12/202316/05/202422/07/2024DutchPDF
Micro model31/12/202218/05/202303/08/2023DutchPDF
Micro model31/12/202119/05/202206/07/2022DutchPDF
Micro model31/12/202020/05/202127/07/2021DutchPDF
Micro model31/12/201918/05/202011/08/2020DutchPDF
Micro model31/12/201816/05/201906/08/2019DutchPDF
Micro model31/12/201717/05/201817/08/2018DutchPDF
Micro model31/12/201618/05/201726/07/2017DutchPDF
Abridged model31/12/201519/05/201626/07/2016DutchPDF
Abridged model31/12/201421/05/201520/08/2015DutchPDF
Abridged model31/12/201315/05/201406/08/2014DutchPDF
Abridged model31/12/201216/05/201323/07/2013DutchPDF
Abridged model31/12/201117/05/201225/07/2012DutchPDF
Abridged model31/12/201019/05/201129/08/2011DutchPDF
Abridged model31/12/200920/05/201029/06/2010DutchPDF
Abridged model31/12/200821/05/200912/08/2009DutchPDF
Abridged model31/12/200715/05/200826/08/2008DutchPDF
Abridged model31/12/200617/05/200722/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/06/2025 · 1 active · 4 ended

Active mandates

CHARLES CAPPELLEMAN

Manager

Active

Ended mandates

Charles CAPELLEMAN

Manager

Ended
Chris AELBECHT

Manager

Ended
Chris AELBRECHT

Manager

Ended
CHris AELBRECHT

Administrator - manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates10/10/2016
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares31/10/2005
    ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office11/02/2004
    SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 202537,2 k €
  2. 2023
    Annual accounts 202336,3 k €
  3. 2023
    Name changeVAEC
  4. 2022
    Annual accounts 202214,4 k €
  5. 2021
    Annual accounts 2021-2,3 k €
  6. 2021
    Name changePIC BELGIUM
  7. 2020
    Annual accounts 2020-2,7 k €
  8. 2019
    Annual accounts 20198,3 k €
  9. 2018
    Annual accounts 2018-8,4 k €
  10. 2017
    Annual accounts 2017-20,9 k €
  11. 2016
    Annual accounts 20162,9 k €
  12. 2015
    Annual accounts 2015-18,4 k €
  13. 2014
    Annual accounts 2014-8,8 k €
  14. 2013
    Annual accounts 2013-239,4 €
  15. 2012
    Annual accounts 2012-516,6 €
  16. 2011
    Annual accounts 2011-1,2 k €
  17. 2010
    Annual accounts 20104,9 k €
  18. 2009
    Annual accounts 20092,4 k €
  19. 2008
    Annual accounts 20081,2 k €
  20. 2007
    Annual accounts 20072,1 k €
  21. 2006
    Annual accounts 20064,9 k €
  22. 18/04/1995
    IncorporationPrivate limited company