ACTIVE

V.C.W.

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Financial year 2025 · closed on 31/12/2025

Net result

-411 €

+87.4% YoY

Gross margin

25,3 k €

-13.4% YoY

Equity

230,1 k €

-0.2% YoY

What does V.C.W. do?

V.C.W. is a Private limited company incorporated in 1997. Its main activity is: Architectural and engineering activities; technical testing and analysis. Its registered office is in Malle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.286.378

Incorporation

26/03/1997

Legal form

Private limited company

Registered office

Bosdreef 10
2390 Malle · FlandreSee on map

Contributed capital

48 649,10 €

Latest accounts

31/12/2025

Activities (NACE)

71340Architectural and engineering activities; technical testing and analysis· main 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.71401Architectural and engineering activities; technical testing and analysis 77221Rental of video tapes and disks 77291Rental and leasing of other personal and household goods

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	25,3 k €	-13.4%	29,2 k €	-63.9%	81 k €	+83.6%	44,1 k €	-49.9%	88,1 k €	+52.6%	57,7 k €	-47.4%	109,7 k €	-13.2%	126,4 k €	+74.1%	72,6 k €	+63.9%	44,3 k €	+9.1%	40,6 k €	-52.8%	86,1 k €	-20.9%	108,8 k €	-22.6%	140,5 k €	+7.8%	130,4 k €	+16.8%	111,6 k €	+22.4%	91,2 k €	-48.7%	177,8 k €	-14.3%	207,6 k €
EBITDA	3,3 k €	-85.9%	23,6 k €	-65.2%	67,7 k €	+133%	29 k €	-55.4%	65,1 k €	+65.5%	39,3 k €	-51.8%	81,5 k €	-14.8%	95,6 k €	+86.0%	51,4 k €	+104%	25,1 k €	-3.1%	26 k €	-60.8%	66,2 k €	-21.1%	83,9 k €	-23.9%	110,3 k €	+14.6%	96,2 k €	+16.5%	82,6 k €	+6.8%	77,3 k €	-30.6%	111,4 k €	-34.0%	168,8 k €
Operating result	-2,8 k €	-122%	12,7 k €	-72.9%	46,6 k €	+1130%	3,8 k €	-75.8%	15,7 k €	+179%	-19,9 k €	-215%	17,3 k €	-67.7%	53,6 k €	+292%	13,7 k €	+506%	-3,4 k €	+83.2%	-20,1 k €	-196%	20,8 k €	-16.7%	25 k €	-27.8%	34,6 k €	+58.5%	21,8 k €	+526%	-5,1 k €	+77.7%	-23 k €	-346%	9,3 k €	-77.3%	41,1 k €
Net result	-411 €	+87.4%	-3,3 k €	-107%	45,1 k €	+1544%	2,7 k €	-82.5%	15,7 k €	+169%	-22,6 k €	-2416%	976,2 €	-98.2%	53,5 k €	+292%	13,6 k €	+493%	-3,5 k €	+85.7%	-24,3 k €	-255%	15,7 k €	+45.9%	10,8 k €	-68.3%	34 k €	+57.8%	21,6 k €	+598%	-4,3 k €	-3869%	-109 €	+98.3%	-6,3 k €	-111%	57,9 k €
Balance sheet
Equity	230,1 k €	-0.2%	230,5 k €	-22.1%	295,7 k €	+18.0%	250,6 k €	+1.1%	247,9 k €	+6.7%	232,2 k €	-8.9%	254,8 k €	+0.4%	253,8 k €	+26.7%	200,4 k €	+7.3%	186,7 k €	-1.8%	190,2 k €	-11.3%	214,5 k €	+7.9%	198,8 k €	+5.7%	188 k €	+22.1%	154 k €	+16.3%	132,5 k €	-3.2%	136,8 k €	-0.1%	136,9 k €	-4.4%	143,2 k €
Total assets	239,2 k €	-5.2%	252,3 k €	-19.8%	314,8 k €	+22.5%	256,9 k €	+2.2%	251,3 k €	+0.9%	249,1 k €	-4.2%	260 k €	-15.9%	309,2 k €	+35.9%	227,5 k €	+18.5%	192 k €	-2.4%	196,8 k €	-14.7%	230,7 k €	+14.8%	200,9 k €	-6.2%	214,2 k €	-11.8%	242,8 k €	+6.8%	227,4 k €	-18.2%	277,9 k €	-2.5%	285,1 k €	-21.9%	365 k €
Cash	49,5 k €	-43.7%	87,8 k €	-68.5%	278,8 k €	+39.9%	199,2 k €	+27.0%	156,8 k €	+67.9%	93,4 k €	+17.2%	79,7 k €	-15.4%	94,2 k €	+123%	42,2 k €	+32.7%	31,8 k €	+47.5%	21,6 k €	-51.7%	44,6 k €	-43.7%	79,2 k €	+392%	16,1 k €	-71.2%	55,9 k €	+244%	16,2 k €	+32.6%	12,3 k €	-2.9%	12,6 k €	-9.8%	14 k €
Debts	9,1 k €	-58.3%	21,8 k €	+14.5%	19,1 k €	+206%	6,2 k €	+80.9%	3,4 k €	-79.7%	16,9 k €	+226%	5,2 k €	-90.6%	55,3 k €	+104%	27,2 k €	+411%	5,3 k €	-19.2%	6,6 k €	-59.3%	16,2 k €	+679%	2,1 k €	-92.1%	26,1 k €	-70.6%	88,8 k €	-6.4%	94,8 k €	-32.8%	141,1 k €	-4.8%	148,2 k €	-33.2%	221,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,9 ETP	+125%	0,4 ETP	+33.3%	0,3 ETP	-25.0%	0,4 ETP	-33.3%	0,6 ETP	+50.0%	0,4 ETP	-33.3%	0,6 ETP	+200%	0,2 ETP	-60.0%	0,5 ETP	+150%	0,2 ETP

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 31/12/2025 · 1 active · 15 ended

Active mandates

Gustaaf Goris

Director

Active

Ended mandates

Gustaaf Goris

Administrator - manager · since 24 décembre 2020

Ended

Wesley Roelen

Director · since 24 décembre 2020

Ended

Gustaaf Goris

Managing director · since 21 mars 2019 · until 21 mars 2025

Ended

Wesley Roelen

Director · since 21 mars 2019 · until 21 mars 2025

Ended

At this address

Other companies at this address

Company	CBE no.
M.A.T. Beheer● Active	0466.781.123

Annual accounts

Full financial information

	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	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	15 months	12 months	12 months	12 months
Filing date	16/06/2026	17/06/2025	16/05/2024	04/04/2023	15/03/2022	23/03/2021
General meeting	15/05/2026	15/05/2025	15/05/2024	12/03/2023	12/03/2022	12/03/2021
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

28 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	16/06/2026	Dutch	PDF
Micro model	31/12/2024	15/05/2025	17/06/2025	Dutch	PDF
Micro model	31/12/2023	15/05/2024	16/05/2024	Dutch	PDF
Micro model	30/09/2022	12/03/2023	04/04/2023	Dutch	PDF
Micro model	30/09/2021	12/03/2022	15/03/2022	Dutch	PDF
Micro model	30/09/2020	12/03/2021	23/03/2021	Dutch	PDF
Micro model	30/09/2019	12/03/2020	16/03/2020	Dutch	PDF
Micro model	30/09/2018	12/03/2019	14/03/2019	Dutch	PDF
Micro model	30/09/2017	12/03/2018	13/03/2018	Dutch	PDF
Abridged model	30/09/2016	13/03/2017	27/03/2017	Dutch	PDF
Abridged model	30/09/2015	12/03/2016	04/04/2016	Dutch	PDF
Abridged model	30/09/2014	12/03/2015	13/03/2015	Dutch	PDF
Abridged model	30/09/2013	12/03/2014	13/03/2014	Dutch	PDF
Abridged model	30/09/2012	12/03/2013	16/03/2013	Dutch	PDF
Abridged model	30/09/2011	12/03/2012	13/03/2012	Dutch	PDF
Abridged model	30/09/2010	14/03/2011	16/03/2011	Dutch	PDF
Abridged model	30/09/2009	12/03/2010	16/03/2010	Dutch	PDF
Abridged model	30/09/2008	09/03/2009	12/03/2009	Dutch	PDF
Abridged model	30/09/2007	12/03/2008	17/03/2008	Dutch	PDF
Abridged model	30/09/2006	12/03/2007	27/03/2007	Dutch	PDF
Abridged model	30/09/2005	12/03/2006	10/04/2006	Dutch	PDF
Abridged model	30/09/2004	04/04/2005	07/04/2005	Dutch	PDF
Abridged model	30/09/2003	12/03/2004	18/03/2004	Dutch	PDF
Abridged model	30/09/2002	14/03/2003	18/03/2003	Dutch	PDF

View all 28 filings

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 31/12/2025 · 1 active · 15 ended

Active mandates

Gustaaf Goris

Director

Active

Ended mandates

Gustaaf Goris

Administrator - manager · since 24 décembre 2020

Ended

Wesley Roelen

Director · since 24 décembre 2020

Ended

Gustaaf Goris

Managing director · since 21 mars 2019 · until 21 mars 2025

Ended

Wesley Roelen

Director · since 21 mars 2019 · until 21 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/06/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other08/09/2023
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates24/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/11/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/04/2013
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office15/06/2012
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Registered office11/06/2008
MAATSCHAPPELIJKE ZETEL
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 2025-411 €↑
2024
Annual accounts 2024-3,3 k €↓
2023
Annual accounts 202345,1 k €↑
2022
Annual accounts 20222,7 k €↓
2021
Annual accounts 202115,7 k €↑
2020
Annual accounts 2020-22,6 k €↓
2019
Annual accounts 2019976,2 €↓
2018
Annual accounts 201853,5 k €↑
2017
Annual accounts 201713,6 k €↑
2016
Annual accounts 2016-3,5 k €↑
2015
Annual accounts 2015-24,3 k €↓
2014
Annual accounts 201415,7 k €↑
2013
Annual accounts 201310,8 k €↓
2012
Annual accounts 201234 k €↑
2011
Annual accounts 201121,6 k €↑
2010
Annual accounts 2010-4,3 k €↓
2009
Annual accounts 2009-109 €↑
2008
Annual accounts 2008-6,3 k €↓
2007
Annual accounts 200757,9 k €
26/03/1997
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

V.C.W.

Overview

What does V.C.W. do?

Trend over 19 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