ACTIVE

Verano BE

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Financial year 2025 · closed on 31/12/2025

Net result

793,1 k €

+22.2% YoY

Revenue

21,2 M €

+0.6% YoY

Equity

7,1 M €

+12.3% YoY

Workforce

83,6 ETP

-6.3% YoY

What does Verano BE do?

Verano BE is a Private limited company incorporated in 1997. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Bruxelles. It employs on average 83,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.336.552

Incorporation

01/09/1997

Legal form

Private limited company

Registered office

Avenue du Marly 15
1120 Bruxelles · BruxellesSee on map

Contributed capital

55 000,00 €

Latest accounts

31/12/2025

Average workforce

83,6 ETP

Activities (NACE)

25120Manufacture of doors and windows of metal· main 25120Manufacture of doors and windows of metal 28120Manufacture of fluid power equipment 43350Building completion and finishing 43390Other building completion and finishing 25120Manufacture of doors and windows of metal+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	21,2 M €	+0.6%	21,1 M €	-4.5%	22,1 M €	+1.8%	21,7 M €	-1.0%	21,9 M €	+11.7%	19,6 M €	+11.9%	17,5 M €	+19.7%	14,6 M €	+11.1%	13,2 M €	+2.5%	12,9 M €	+10.9%	11,6 M €	+8.5%	10,7 M €	-9.2%	11,8 M €	-1.1%	11,9 M €	-5.3%	12,6 M €	+9.0%	11,5 M €	+20.6%	9,6 M €	+14.2%	8,4 M €	+5.0%	8 M €	+22.7%	6,5 M €
EBITDA	1,9 M €	+29.5%	1,5 M €	-19.6%	1,8 M €	+35.2%	1,4 M €	-3.8%	1,4 M €	+34.8%	1 M €	-14.4%	1,2 M €	+64.1%	742,6 k €	-12.1%	845,1 k €	-3.4%	874,6 k €	-18.5%	1,1 M €	+27.4%	842,2 k €	-15.4%	996,1 k €	+10.8%	899,2 k €	+21.3%	741,6 k €	+4.8%	707,5 k €	+4.7%	675,7 k €	+89.3%	356,9 k €	-13.1%	411 k €	+8.2%	379,9 k €
Operating result	1,2 M €	+15.2%	1 M €	-15.7%	1,2 M €	+13.4%	1,1 M €	+15.5%	933,4 k €	+56.4%	596,8 k €	-26.4%	811,1 k €	+227%	247,8 k €	-47.2%	469,3 k €	-14.6%	549,6 k €	-38.7%	896,4 k €	+67.4%	535,4 k €	-5.6%	567,1 k €	+20.4%	470,9 k €	-9.4%	519,9 k €	+7.3%	484,5 k €	-5.7%	513,5 k €	+124%	229,3 k €	-19.0%	283,1 k €	+27.4%	222,2 k €
Net result	793,1 k €	+22.2%	648,8 k €	-18.6%	797,3 k €	+9.0%	731,8 k €	+13.1%	647,2 k €	+46.0%	443,2 k €	-24.7%	588,3 k €	+238%	173,9 k €	-42.0%	300,2 k €	-13.7%	347,8 k €	-41.0%	589,4 k €	+68.3%	350,1 k €	-0.3%	351,3 k €	+133%	150,9 k €	-61.4%	390,7 k €	+37.4%	284,4 k €	-1.9%	290,1 k €	+151%	115,6 k €	-26.7%	157,8 k €	+13.1%	139,5 k €
Balance sheet
Equity	7,1 M €	+12.3%	6,3 M €	+11.1%	5,7 M €	+15.9%	4,9 M €	+17.1%	4,2 M €	+17.7%	3,5 M €	+13.6%	3,1 M €	-17.9%	3,8 M €	+4.2%	3,6 M €	+8.4%	3,4 M €	+10.8%	3 M €	+23.1%	2,5 M €	+5.6%	2,3 M €	+6.0%	2,2 M €	+28.8%	1,7 M €	+29.6%	1,3 M €	+16.2%	1,1 M €	+20.1%	945,7 k €	+13.9%	830 k €	+23.5%	672,2 k €
Total assets	10,4 M €	+6.7%	9,7 M €	+2.2%	9,5 M €	+9.7%	8,7 M €	+1.6%	8,5 M €	+7.0%	8 M €	+4.5%	7,6 M €	-8.5%	8,3 M €	+9.5%	7,6 M €	-0.9%	7,7 M €	+17.9%	6,5 M €	+5.9%	6,2 M €	-10.2%	6,9 M €	-6.1%	7,3 M €	-1.3%	7,4 M €	+90.4%	3,9 M €	+9.9%	3,5 M €	+16.4%	3 M €	+14.8%	2,6 M €	+11.6%	2,4 M €
Cash	651,7 k €	+193%	222,2 k €	-65.9%	652,3 k €	+17.2%	556,8 k €	-19.0%	687,2 k €	+13.3%	606,6 k €	-65.1%	1,7 M €	+11.2%	1,6 M €	+57.5%	993,6 k €	-29.0%	1,4 M €	+6.9%	1,3 M €	+25.0%	1 M €	+6.0%	988,8 k €	+39.4%	709,2 k €	-12.0%	805,5 k €	+127%	354,4 k €	+39.1%	254,7 k €	+401%	50,8 k €	-60.2%	127,7 k €	+91.3%	66,8 k €
Debts	3,2 M €	-3.3%	3,4 M €	-10.3%	3,7 M €	+1.1%	3,7 M €	-13.5%	4,3 M €	-1.4%	4,3 M €	-1.8%	4,4 M €	-0.3%	4,4 M €	+15.2%	3,8 M €	-7.9%	4,2 M €	+26.8%	3,3 M €	-7.5%	3,6 M €	-18.8%	4,4 M €	-12.9%	5 M €	-10.1%	5,6 M €	+120%	2,5 M €	+6.7%	2,4 M €	+15.5%	2,1 M €	+16.0%	1,8 M €	+7.2%	1,7 M €
Other
Workforce	83,6 ETP	-6.3%	89,2 ETP	+2.3%	87,2 ETP	-3.5%	90,4 ETP	+10.8%	81,6 ETP	+19.5%	68,3 ETP	+12.5%	60,7 ETP	+4.3%	58,2 ETP	+8.8%	53,5 ETP	+2.7%	52,1 ETP	+10.4%	47,2 ETP	+1.3%	46,6 ETP	-4.5%	48,8 ETP	-0.8%	49,2 ETP	+16.0%	42,4 ETP	+1.0%	42,0 ETP	+7.1%	39,2 ETP	-0.3%	39,3 ETP	+24.8%	31,5 ETP	+48.6%	21,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Marc Haneveer

Director

Active

Ended mandates

Guy Mouchart

Manager

Ended

Marc Haneveer

Mandate

Ended

Marc Haneveer

Manager

Ended

At this address

Other companies at this address

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alarm industries association● Active	0884.069.183
ATELIER ORLOFF● Active	0466.658.684
ETABLISSEMENTS MALICE● Active	0441.449.473
Fonds de sécurité d'existence pour le secteur des électriciens Volta - Fonds voor bestaanszekerheid voor de sector der elektriciens Volta● Active	0416.381.606
RIFORM● Active	1032.045.851
SEFOCAM● Active	0478.924.632
Sefoplus OFP● Active	0715.441.019
TML GROUP● Active	1002.814.803
VOLTA GROEP● Active	0722.610.012

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	28/07/2026	30/06/2025	28/06/2024	29/06/2023	30/06/2022	28/06/2021
General meeting	26/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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
Full model	31/12/2025	26/06/2026	28/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	30/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	10/07/2020	27/07/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	24/07/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	06/07/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	03/07/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 3 ended

Active mandates

Marc Haneveer

Director

Active

Ended mandates

Guy Mouchart

Manager

Ended

Marc Haneveer

Mandate

Ended

Marc Haneveer

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/11/2019
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/12/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/06/2011
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - 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 2025793,1 k €↑
2024
Annual accounts 2024648,8 k €↓
2023
Annual accounts 2023797,3 k €↑
2022
Annual accounts 2022731,8 k €↑
2021
Annual accounts 2021647,2 k €↑
2020
Annual accounts 2020443,2 k €↓
2019
Annual accounts 2019588,3 k €↑
2018
Annual accounts 2018173,9 k €↓
2017
Annual accounts 2017300,2 k €↓
2016
Annual accounts 2016347,8 k €↓
2015
Annual accounts 2015589,4 k €↑
2014
Annual accounts 2014350,1 k €↓
2013
Annual accounts 2013351,3 k €↑
2012
Annual accounts 2012150,9 k €↓
2011
Annual accounts 2011390,7 k €↑
2010
Annual accounts 2010284,4 k €↓
2010
Name changeVerano BE
2009
Annual accounts 2009290,1 k €↑
2008
Annual accounts 2008115,6 k €↓
2007
Annual accounts 2007157,8 k €↑
2006
Annual accounts 2006139,5 k €
2006
Name changeINTERNATIONAL PROTECTION SYSTEMS
01/09/1997
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

Verano BE

Overview

What does Verano BE 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