ACTIVE

VULSTEKE & VERBEKE

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Financial year 2025 · Closed on 30/09/2025

Net result202,5 k €+42,7 %over 1 year

Gross margin1,5 M €+9,9 %over 1 year

Equity1,4 M €-1,8 %over 1 year

Workforce8,4 ETP-18,4 %over 1 year

Identity

Source · BCE/KBO

VULSTEKE & VERBEKE is a Public limited company incorporated in 1997. Its registered office is in Poperinge. It employs on average 8,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0460.106.731
Incorporation: 27/02/1997
Legal form: Public limited company
Registered office: Groot-Brittanniëlaan 7
8970 Poperinge · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 30/09/2025
Average workforce: 8,4 ETP

Joint committees (7)

140
14003
14204
149
14904
226
22600

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,5 M €	+9.9%	1,4 M €	+1.4%	1,4 M €	+21.2%	1,1 M €	-19.2%	1,4 M €
EBITDA	800,5 k €	+9.7%	729,8 k €	-2.9%	751,9 k €	+33.9%	561,7 k €	-34.7%	860,2 k €
Operating result	314 k €	+16.0%	270,7 k €	-14.5%	316,7 k €	+260%	87,9 k €	-81.3%	470 k €
Net result	202,5 k €	+42.7%	141,9 k €	-20.1%	177,6 k €	+211%	57,1 k €	-83.9%	355 k €
Balance sheet
Equity	1,4 M €	-1.8%	1,5 M €	+10.7%	1,3 M €	+15.4%	1,2 M €	+5.2%	1,1 M €
Total assets	3,8 M €	-4.8%	4 M €	-1.6%	4 M €	+3.0%	3,9 M €	-11.5%	4,4 M €
Cash	285,1 k €	+74.9%	163 k €	-69.2%	529,4 k €	+160%	203,8 k €	-59.1%	498,1 k €
Debts	2,3 M €	-7.1%	2,4 M €	-9.0%	2,7 M €	-2.3%	2,7 M €	-17.7%	3,3 M €
Other
Workforce	8,4 ETP	-18.4%	10,3 ETP	-7.2%	11,1 ETP	+2.8%	10,8 ETP	+5.9%	10,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 10 ended

Active mandates

Benedikt VULSTEKE

Managing director · until 07 mars 2030

Active

Helga VERBEKE

Managing director · until 07 mars 2030

Active

Ended mandates

Benedikt VULSTEKE

Managing director · since 01 mars 2008 · until 01 mars 2014

Ended

Helga VERBEKE

Managing director · since 01 mars 2008 · until 01 mars 2014

Ended

Benedikt VULSTEKE

Managing director · since 01 octobre 2007 · until 30 septembre 2013

Ended

Helga VERBEKE

Managing director · since 01 octobre 2007 · until 30 septembre 2013

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/04/2025	29/03/2024	10/05/2023	29/04/2022	04/12/2020
General meeting	31/03/2026	31/03/2025	29/03/2024	25/04/2023	28/04/2022	03/12/2020
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	29/03/2024	Dutch	PDF
Abridged model	30/09/2022	25/04/2023	10/05/2023	Dutch	PDF
Abridged model	30/09/2021	28/04/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	03/12/2020	04/12/2020	Dutch	PDF
Abridged model	30/09/2019	07/02/2020	07/02/2020	Dutch	PDF
Abridged model	30/09/2018	05/12/2018	05/12/2018	Dutch	PDF
Abridged model	30/09/2017	04/01/2018	23/01/2018	Dutch	PDF
Abridged model	30/09/2016	01/12/2016	20/12/2016	Dutch	PDF
Abridged model	30/09/2015	17/12/2015	21/12/2015	Dutch	PDF
Abridged model	30/09/2014	05/03/2015	09/03/2015	Dutch	PDF
Abridged model	30/09/2013	06/03/2014	07/03/2014	Dutch	PDF
Abridged model	30/09/2012	07/03/2013	08/03/2013	Dutch	PDF
Abridged model	30/09/2011	01/03/2012	06/03/2012	Dutch	PDF
Abridged model	30/09/2010	03/03/2011	09/03/2011	Dutch	PDF
Abridged model	30/09/2009	04/03/2010	05/03/2010	Dutch	PDF
Abridged model	30/09/2008	19/02/2009	26/02/2009	Dutch	PDF
Abridged model	30/09/2007	06/03/2008	26/03/2008	Dutch	PDF
Abridged model	30/09/2006	01/03/2007	09/03/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

2 active · 10 ended

Active mandates

Benedikt VULSTEKE

Managing director · until 07 mars 2030

Active

Helga VERBEKE

Managing director · until 07 mars 2030

Active

Ended mandates

Benedikt VULSTEKE

Managing director · since 01 mars 2008 · until 01 mars 2014

Ended

Helga VERBEKE

Managing director · since 01 mars 2008 · until 01 mars 2014

Ended

Benedikt VULSTEKE

Managing director · since 01 octobre 2007 · until 30 septembre 2013

Ended

Helga VERBEKE

Managing director · since 01 octobre 2007 · until 30 septembre 2013

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office03/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates06/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/12/2011
KAPITAAL - AANDELEN
PDF
Mandates27/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/07/2007
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares09/11/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025202,5 k €↑
2024
Annual accounts 2024141,9 k €↓
2023
Annual accounts 2023177,6 k €↑
2022
Annual accounts 202257,1 k €↓
2021
Annual accounts 2021355 k €↑
2020
Annual accounts 2020198,6 k €↑
2019
Annual accounts 201986,5 k €↑
2018
Annual accounts 201863,8 k €↑
2017
Annual accounts 201727,1 k €↑
2016
Annual accounts 201624,6 k €↑
2015
Annual accounts 201511,4 k €↓
2014
Annual accounts 201426,4 k €↑
2013
Annual accounts 20136,5 k €↑
2012
Annual accounts 2012-37,3 k €↓
2011
Annual accounts 2011354,2 €↓
2010
Annual accounts 201058 k €↑
2009
Annual accounts 200927,8 k €↓
2008
Annual accounts 200833,1 k €↓
2007
Annual accounts 200767,1 k €
27/02/1997
IncorporationPublic limited company

VULSTEKE & VERBEKE

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