ACTIVE

VORTEX

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Financial year 2025 · closed on 31/12/2025

Net result

59,2 €

-23.2% YoY

Gross margin

15,1 k €

-26.1% YoY

Equity

281,6 k €

+0.0% YoY

What does VORTEX do?

VORTEX is a Private limited company incorporated in 1996. Its registered office is in Sint-Truiden.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.265.504

Incorporation

20/11/1996

Legal form

Private limited company

Registered office

Prins Albertlaan 24
3800 Sint-Truiden · FlandreSee on map

Contributed capital

154 705,32 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	15,1 k €	-26.1%	20,4 k €	+12.8%	18,1 k €	-12.0%	20,5 k €	-24.0%	27,0 k €	-28.6%	37,8 k €	-12.0%	43,0 k €	+8.7%	39,5 k €	+2.0%	38,8 k €	-33.1%	58,0 k €	-3.6%	60,1 k €	-5.5%	63,6 k €	+1.5%	62,6 k €	+5.5%	59,4 k €	+2.8%	57,8 k €	+0.7%	57,4 k €	-0.2%	57,5 k €	+7.4%	53,6 k €	+12.8%	47,5 k €	+4.2%	45,6 k €
EBITDA	12,8 k €	-29.7%	18,2 k €	+14.0%	15,9 k €	-14.3%	18,6 k €	-25.7%	25,0 k €	-30.3%	35,9 k €	-12.7%	41,2 k €	+9.3%	37,7 k €	+1.9%	37,0 k €	-34.2%	56,2 k €	-3.8%	58,4 k €	-5.7%	61,9 k €	+1.6%	61,0 k €	+5.6%	57,8 k €	+2.8%	56,2 k €	+0.6%	55,9 k €	-0.2%	56,0 k €	+7.5%	52,1 k €	+13.2%	46,0 k €	+4.3%	44,1 k €
Operating result	896,1 €	-3.0%	924,2 €	-10.3%	1,0 k €	-18.1%	1,3 k €	-66.1%	3,7 k €	-48.0%	7,1 k €	-41.6%	12,2 k €	+30.6%	9,4 k €	-13.3%	10,8 k €	-66.5%	32,3 k €	-9.5%	35,6 k €	-10.4%	39,8 k €	+1.6%	39,2 k €	-5.3%	41,4 k €	+4.4%	39,6 k €	+2.9%	38,5 k €	-3.4%	39,9 k €	+6.6%	37,4 k €	+19.4%	31,3 k €	-8.4%	34,2 k €
Net result	59,2 €	-23.2%	77,1 €	+208%	25,0 €	-64.8%	70,9 €	-96.3%	1,9 k €	-36.7%	3,0 k €	-41.8%	5,2 k €	+52.9%	3,4 k €	-21.8%	4,3 k €	-73.9%	16,5 k €	-8.0%	18,0 k €	-22.0%	23,0 k €	-7.0%	24,7 k €	-6.7%	26,5 k €	+9.7%	24,2 k €	+5.1%	23,0 k €	-0.7%	23,2 k €	+13.4%	20,4 k €	+20.5%	16,9 k €	-0.2%	17,0 k €
Balance sheet
Equity	281,6 k €	+0.0%	281,6 k €	+0.0%	281,5 k €	+0.0%	281,5 k €	+0.0%	281,4 k €	+0.7%	279,5 k €	+1.1%	276,5 k €	+1.9%	271,3 k €	+1.3%	268,0 k €	+1.6%	263,7 k €	+6.7%	247,1 k €	+7.8%	229,2 k €	+11.2%	206,2 k €	+4.2%	197,9 k €	+15.5%	171,4 k €	+16.4%	147,2 k €	+18.5%	124,2 k €	+22.9%	101,1 k €	+25.3%	80,6 k €	+9.4%	73,7 k €
Total assets	320,9 k €	+0.1%	320,6 k €	-2.7%	329,5 k €	-3.1%	339,9 k €	-3.3%	351,4 k €	-3.1%	362,8 k €	-1.2%	367,2 k €	-1.4%	372,5 k €	+0.8%	369,5 k €	+24.5%	296,7 k €	+1.1%	293,5 k €	-2.9%	302,3 k €	+0.3%	301,4 k €	+25.4%	240,3 k €	-1.3%	243,4 k €	-1.9%	248,1 k €	+1.6%	244,1 k €	-3.5%	253,1 k €	-5.6%	268,2 k €	+11.6%	240,2 k €
Cash	18,0 k €	-16.0%	21,5 k €	-5.7%	22,8 k €	+17.3%	19,4 k €	-22.3%	25,0 k €	-5.3%	26,4 k €	+644%	3,5 k €	+348%	791,7 €	-96.2%	20,9 k €	-8.6%	22,9 k €	+67.9%	13,6 k €	-18.9%	16,8 k €	+485%	2,9 k €	-84.0%	17,9 k €	+296%	4,5 k €		–		2,0 k €	-74.1%	7,8 k €	+99.4%	3,9 k €	-66.0%	11,6 k €
Debts	39,3 k €	+0.7%	39,0 k €	-18.7%	48,0 k €	-17.9%	58,5 k €	-16.5%	70,0 k €	-15.9%	83,3 k €	-8.2%	90,7 k €	-10.3%	101,2 k €	-0.4%	101,6 k €	+207%	33,1 k €	-28.8%	46,4 k €	-36.5%	73,1 k €	-23.3%	95,3 k €	+125%	42,4 k €	-41.1%	72,0 k €	-28.6%	100,9 k €	-15.9%	119,9 k €	-21.1%	152,0 k €	-18.9%	187,5 k €	+12.6%	166,5 k €

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 31/12/2025 · 2 active · 5 ended

Active mandates

Marcel Smeets

Director · since 14 mai 2013

Active

Anneleen Smeets

Director · since 19 novembre 1996

Active

Ended mandates

Anneleen Smeets

Manager

Ended

Anneleen SMEETS

Director

Ended

HENRI SMEETS MARCEL

Director

Ended

Marcel Smeets

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
SMEETS MARCEL● Active	0842.068.876

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged 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	12/08/2026	28/07/2025	19/07/2024	13/07/2023	30/07/2022	15/07/2021
General meeting	30/06/2026	30/06/2025	21/06/2024	16/06/2023	27/05/2022	28/05/2021
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

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	31/12/2025	30/06/2026	12/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	19/07/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	13/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	30/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	15/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	11/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	29/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	10/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	12/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	31/05/2007	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 31/12/2025 · 2 active · 5 ended

Active mandates

Marcel Smeets

Director · since 14 mai 2013

Active

Anneleen Smeets

Director · since 19 novembre 1996

Active

Ended mandates

Anneleen Smeets

Manager

Ended

Anneleen SMEETS

Director

Ended

HENRI SMEETS MARCEL

Director

Ended

Marcel Smeets

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/01/2006
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 202559,2 €↓
2024
Annual accounts 202477,1 €↑
2023
Annual accounts 202325,0 €↓
2022
Annual accounts 202270,9 €↓
2021
Annual accounts 20211,9 k €↓
2020
Annual accounts 20203,0 k €↓
2019
Annual accounts 20195,2 k €↑
2018
Annual accounts 20183,4 k €↓
2017
Annual accounts 20174,3 k €↓
2016
Annual accounts 201616,5 k €↓
2015
Annual accounts 201518,0 k €↓
2014
Annual accounts 201423,0 k €↓
2013
Annual accounts 201324,7 k €↓
2012
Annual accounts 201226,5 k €↑
2011
Annual accounts 201124,2 k €↑
2010
Annual accounts 201023,0 k €↓
2009
Annual accounts 200923,2 k €↑
2008
Annual accounts 200820,4 k €↑
2007
Annual accounts 200716,9 k €↓
2006
Annual accounts 200617,0 k €
20/11/1996
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

VORTEX

Overview

What does VORTEX 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