ACTIVE

VPG

Financial year 2025 · Closed on 31/12/2025

Net result-10,8 k €-186,0 %over 1 year

Gross margin33,9 k €-45,4 %over 1 year

Equity378,3 k €-12,9 %over 1 year

Identity

Source · BCE/KBO

VPG is a Public limited company incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Chaudfontaine.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0457.365.688
Incorporation: 26/02/1996
Legal form: Public limited company
Registered office: Paradis des Chevaux 23
4053 Chaudfontaine · WallonieSee on map
Contributed capital: 280 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	33,9 k €	-45.4%	62,2 k €	+5.5%	58,9 k €	+1.3%	58,2 k €	-13.1%	66,9 k €
EBITDA	29 k €	-49.4%	57,4 k €	+16.0%	49,4 k €	+5.8%	46,7 k €	-14.6%	54,7 k €
Operating result	-9,6 k €	-142%	22,9 k €	+22.1%	18,8 k €	+72.6%	10,9 k €	-20.9%	13,8 k €
Net result	-10,8 k €	-186%	12,6 k €	+38.9%	9,1 k €	+154%	3,6 k €	-42.1%	6,2 k €
Balance sheet
Equity	378,3 k €	-12.9%	434,1 k €	-2.8%	446,5 k €	-7.4%	482,4 k €	+0.7%	478,9 k €
Total assets	456 k €	-8.9%	500,7 k €	-2.1%	511,4 k €	+0.3%	510 k €	-10.8%	571,9 k €
Cash	75,1 k €	+39.9%	53,7 k €	+27.1%	42,3 k €	+9.7%	38,5 k €	-36.0%	60,2 k €
Debts	74,8 k €	+20.6%	62 k €	-0.6%	62,4 k €	+157%	24,3 k €	-72.5%	88,1 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Diane PISSART	Director16/03/2023 → 15/03/2028
Frédéric LOVERIUS	Director29/05/2013 → 15/03/2028
Maxime PISSART	Director16/03/2023 → 15/03/2028
Renaud PISSART	Director16/03/2023 → 15/03/2028
Vincent PISSART	Managing director28/05/2001 → 15/03/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANNE-MICHELE FASTRE	Director29/05/2007 → 2010 accounts
David PISSART	Director30/05/2005 → 2007 accounts

Full financial information

Source · NBB

	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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/05/2026	02/06/2025	14/06/2024	26/06/2023	01/06/2022	17/06/2021
General meeting	25/05/2026	26/05/2025	27/05/2024	29/05/2023	30/05/2022	31/05/2021
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
Micro model	31/12/2025	25/05/2026	26/05/2026	French	PDF
Micro model	31/12/2024	26/05/2025	02/06/2025	French	PDF
Micro model	31/12/2023	27/05/2024	14/06/2024	French	PDF
Micro model	31/12/2022	29/05/2023	26/06/2023	French	PDF
Micro model	31/12/2021	30/05/2022	01/06/2022	French	PDF
Micro model	31/12/2020	31/05/2021	17/06/2021	French	PDF
Micro model	31/12/2019	12/06/2020	19/06/2020	French	PDF
Micro model	31/12/2018	27/05/2019	26/06/2019	French	PDF
Micro model	31/12/2017	28/05/2018	11/06/2018	French	PDF
Micro model	31/12/2016	29/05/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	14/08/2015	French	PDF
Abridged modelCorrection	31/12/2013	26/05/2014	14/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	02/07/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	03/07/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	01/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	01/07/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	08/08/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	27/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Diane PISSART	Director16/03/2023 → 15/03/2028
Frédéric LOVERIUS	Director29/05/2013 → 15/03/2028
Maxime PISSART	Director16/03/2023 → 15/03/2028
Renaud PISSART	Director16/03/2023 → 15/03/2028
Vincent PISSART	Managing director28/05/2001 → 15/03/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANNE-MICHELE FASTRE	Director29/05/2007 → 2010 accounts
David PISSART	Director30/05/2005 → 2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates22/10/2018
DEMISSIONS, NOMINATIONS
PDF
Other15/07/2013
0 457 365 688
PDF
Mandates06/02/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2012
DEMISSIONS, NOMINATIONS
PDF
Other18/01/2012
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/06/2011
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Maxime PISSART

Frédéric LOVERIUS

Renaud PISSART

Vincent PISSART

Diane PISSART

ANNE-MICHELE FASTRE

David PISSART

199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

VPG

Paradis des Chevaux 23, 4053 Embourg

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Paradis des Chevaux 23, 4053 EmbourgCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00122758

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VPGCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00122758

Events

2025
Annual accounts 2025-10,8 k €↓
2024
Annual accounts 202412,6 k €↑
2023
Annual accounts 20239,1 k €↑
2022
Annual accounts 20223,6 k €↓
2021
Annual accounts 20216,2 k €↑
2020
Annual accounts 202035 €↓
2019
Annual accounts 2019138,7 k €↑
2018
Annual accounts 2018-26 k €↓
2017
Annual accounts 20171,6 k €↓
2016
Annual accounts 201641,2 k €↑
2015
Annual accounts 201538,4 k €↑
2014
Annual accounts 201410,1 k €↓
2013
Annual accounts 201318 k €↑
2010
Annual accounts 20102,5 k €↓
2009
Annual accounts 200930,9 k €↓
2007
Annual accounts 2007107,5 k €↑
2006
Annual accounts 2006101,8 k €
26/02/1996
IncorporationPublic limited company

VPG

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Registered offices

Company names

Events