ACTIVE

VERCOVAN

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Financial year 2025 · closed on 31/12/2025

Net result

96,4 k €

-37.4% YoY

Gross margin

381,6 k €

-14.8% YoY

Equity

1,2 M €

+3.5% YoY

Workforce

4,3 ETP

+7.5% YoY

What does VERCOVAN do?

VERCOVAN is a Public limited company incorporated in 1997. Its main activity is: Manufacture of made-up textile articles, except apparel. Its registered office is in Spiere-Helkijn. It employs on average 4,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.900.547

Incorporation

20/06/1997

Legal form

Public limited company

Registered office

Rue du Bois Jacquet 94 B
8587 Spiere-Helkijn · FlandreSee on map

Contributed capital

123 946,76 €

Latest accounts

31/12/2025

Average workforce

4,3 ETP

Activities (NACE)

13929Manufacture of made-up textile articles, except apparel· main 13929Manufacture of made-up textile articles, except apparel 17402Manufacture of paper and paper products 46496Wholesale of other household goods 46496Wholesale of other household goods 51476Air transport+6

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	381,6 k €	-14.8%	448 k €	+3.6%	432,4 k €	-9.4%	477,6 k €	+14.7%	416,4 k €	+19.9%	347,2 k €	+35.9%	255,4 k €	+1.1%	252,5 k €	+31.3%	192,4 k €	-34.1%	292 k €	-5.3%	308,2 k €	+8.6%	283,9 k €	+9.2%	259,9 k €	-3.8%	270,3 k €	+16.8%	231,4 k €	-22.0%	296,7 k €	+19.1%	249,1 k €	+8.2%	230,3 k €	-8.7%	252,1 k €	+10.8%	227,6 k €
EBITDA	164,1 k €	-32.8%	244,3 k €	-4.4%	255,7 k €	-24.8%	340,2 k €	+30.8%	260,1 k €	+11.5%	233,3 k €	+93.4%	120,6 k €	-16.5%	144,4 k €	+52.6%	94,6 k €	-34.9%	145,3 k €	-7.9%	157,8 k €	+10.0%	143,5 k €	+15.4%	124,3 k €	+4.4%	119,1 k €	+36.8%	87 k €	-36.6%	137,4 k €	+50.8%	91,1 k €	+20.6%	75,5 k €	-17.3%	91,3 k €	+32.9%	68,7 k €
Operating result	112,7 k €	-42.5%	195,8 k €	-9.0%	215,2 k €	-30.4%	309,2 k €	+33.8%	231 k €	+25.9%	183,5 k €	+453%	33,2 k €	-38.2%	53,7 k €	+958%	-6,3 k €	-117%	35,9 k €	-30.7%	51,8 k €	-21.8%	66,3 k €	+57.3%	42,1 k €	-20.2%	52,8 k €	+75.3%	30,1 k €	-70.6%	102,5 k €	+81.1%	56,6 k €	+13.2%	50 k €	-8.3%	54,6 k €	+70.3%	32 k €
Net result	96,4 k €	-37.4%	154,1 k €	-7.5%	166,5 k €	-27.8%	230,7 k €	+36.4%	169,1 k €	+20.4%	140,5 k €	+570%	21 k €	-44.7%	37,9 k €	+286%	-20,4 k €	-216%	17,5 k €	-42.5%	30,5 k €	-27.6%	42,1 k €	+103%	20,7 k €	-30.7%	29,8 k €	+70.1%	17,5 k €	-72.9%	64,8 k €	+82.7%	35,5 k €	+2.3%	34,7 k €	+11.7%	31 k €	+162%	11,8 k €
Balance sheet
Equity	1,2 M €	+3.5%	1,1 M €	+8.4%	1 M €	+12.4%	925,9 k €	+22.6%	755 k €	+19.4%	632,5 k €	+15.9%	545,7 k €	+2.9%	530,2 k €	+4.7%	506,6 k €	-3.9%	527 k €	+0.3%	525,5 k €	+3.0%	510,2 k €	+5.6%	483,2 k €	+1.2%	477,5 k €	+4.8%	455,7 k €	+4.0%	438,1 k €	+17.4%	373,3 k €	+10.5%	337,8 k €	+11.4%	303,1 k €	+11.4%	272,1 k €
Total assets	1,3 M €	+1.4%	1,3 M €	+6.6%	1,2 M €	+10.3%	1,1 M €	+19.5%	893,5 k €	+10.4%	809,1 k €	-0.2%	810,8 k €	-6.0%	862,6 k €	-9.3%	950,6 k €	-15.5%	1,1 M €	+1.9%	1,1 M €	+11.9%	987,3 k €	-6.2%	1,1 M €	+9.6%	960,7 k €	-3.8%	999 k €	+37.2%	728 k €	+6.3%	684,9 k €	+5.9%	646,7 k €	-9.8%	716,8 k €	+6.9%	670,7 k €
Cash	273,3 k €	-5.9%	290,4 k €	+17.4%	247,3 k €	-31.3%	359,9 k €	+52.5%	236 k €	+2.8%	229,7 k €	+45.6%	157,8 k €	+98.9%	79,3 k €	-33.3%	119 k €	+74.6%	68,2 k €	-42.7%	118,9 k €	+41.8%	83,9 k €	-22.4%	108,2 k €	+73.8%	62,2 k €	-27.2%	85,5 k €	-15.3%	100,9 k €	+16.0%	86,9 k €	+98.6%	43,8 k €	+99.5%	21,9 k €	+77.2%	12,4 k €
Debts	106 k €	-17.2%	128 k €	-7.2%	138 k €	-3.0%	142,2 k €	+3.3%	137,7 k €	-22.0%	176,6 k €	-33.4%	265,1 k €	-20.3%	332,4 k €	-25.1%	444 k €	-25.8%	598,5 k €	+3.3%	579,3 k €	+21.4%	477,1 k €	-16.3%	569,9 k €	+17.9%	483,2 k €	-11.1%	543,3 k €	+87.4%	289,9 k €	-3.7%	301 k €	+1.3%	297 k €	-16.0%	353,7 k €	-8.3%	385,8 k €
Other
Workforce	4,3 ETP	+7.5%	4,0 ETP	-4.8%	4,2 ETP	+40.0%	3,0 ETP	-34.8%	4,6 ETP	-16.4%	5,5 ETP	+1.9%	5,4 ETP	+1.9%	5,3 ETP	+23.3%	4,3 ETP	-2.3%	4,4 ETP	0.0%	4,4 ETP	+4.8%	4,2 ETP	+10.5%	3,8 ETP	-17.4%	4,6 ETP	+4.5%	4,4 ETP	-15.4%	5,2 ETP	+15.6%	4,5 ETP	0.0%	4,5 ETP	-15.1%	5,3 ETP	-3.6%	5,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

Dennis Van Damme

Mandate

Active

Elvis Van Damme

Mandate

Active

Willy Van Damme

Mandate

Active

Ended mandates

Dennis Van Damme

Director · since 21 juin 2021 · until 21 juin 2027

Ended

Elvis Van Damme

Director · since 21 juin 2021 · until 21 juin 2027

Ended

Willy Van Damme

Managing director · since 21 juin 2021 · until 21 juin 2027

Ended

Dennis Van Damme

Director · since 21 juin 2015 · until 21 juin 2021

Ended

Annual accounts

Full financial information

	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	01/01/2025	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	20/07/2026	25/06/2025	19/06/2024	28/06/2023	28/06/2022	28/06/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
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
Abridged model	31/12/2025	20/06/2026	20/07/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	28/06/2023	Dutch	PDF
Abridged model	31/12/2021	18/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	11/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	11/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	01/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

Dennis Van Damme

Mandate

Active

Elvis Van Damme

Mandate

Active

Willy Van Damme

Mandate

Active

Ended mandates

Dennis Van Damme

Director · since 21 juin 2021 · until 21 juin 2027

Ended

Elvis Van Damme

Director · since 21 juin 2021 · until 21 juin 2027

Ended

Willy Van Damme

Managing director · since 21 juin 2021 · until 21 juin 2027

Ended

Dennis Van Damme

Director · since 21 juin 2015 · until 21 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/07/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares09/01/2012
KAPITAAL - AANDELEN
PDF
Mandates24/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2003
ONTSLAGEN - BENOEMINGEN
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 202596,4 k €↓
2024
Annual accounts 2024154,1 k €↓
2023
Annual accounts 2023166,5 k €↓
2022
Annual accounts 2022230,7 k €↑
2021
Annual accounts 2021169,1 k €↑
2020
Annual accounts 2020140,5 k €↑
2019
Annual accounts 201921 k €↓
2018
Annual accounts 201837,9 k €↑
2017
Annual accounts 2017-20,4 k €↓
2016
Annual accounts 201617,5 k €↓
2015
Annual accounts 201530,5 k €↓
2014
Annual accounts 201442,1 k €↑
2013
Annual accounts 201320,7 k €↓
2012
Annual accounts 201229,8 k €↑
2011
Annual accounts 201117,5 k €↓
2010
Annual accounts 201064,8 k €↑
2009
Annual accounts 200935,5 k €↑
2008
Annual accounts 200834,7 k €↑
2007
Annual accounts 200731 k €↑
2006
Annual accounts 200611,8 k €
20/06/1997
IncorporationPublic 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

VERCOVAN

Overview

What does VERCOVAN do?

Trend over 20 financial years

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