ACTIVE

V.B.S.

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Financial year 2025 · closed on 31/12/2025

Net result

2,1 M €

+101.6% YoY

Revenue

17,1 M €

-2.8% YoY

Equity

1,8 M €

+0.1% YoY

Workforce

9,0 ETP

-24.4% YoY

What does V.B.S. do?

V.B.S. is a Private limited company incorporated in 1997. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Tubize. It employs on average 9,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.784.336

Incorporation

29/10/1997

Legal form

Private limited company

Registered office

Avenue Landas 17
1480 Tubize · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

9,0 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51872Air transport 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering 73100Advertising

Joint committees (2)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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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
Revenue	17,1 M €	-2.8%	17,6 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		6,3 M €	-2.3%	6,4 M €
EBITDA	2,7 M €	+45.1%	1,8 M €	+131%	794,6 k €	+360%	172,8 k €	-74.1%	666,8 k €	-37.7%	1,1 M €	+91.2%	560,1 k €	-30.6%	806,8 k €	+3.2%	782 k €	+68.1%	465,2 k €	+42.6%	326,3 k €	-45.3%	596,5 k €	-22.0%	764,8 k €	+31.7%	580,9 k €	-7.2%	625,6 k €	+41.7%	441,5 k €	+118%	202,2 k €	+13.1%	178,8 k €	-73.4%	673,3 k €	-54.7%	1,5 M €
Operating result	2,4 M €	+84.7%	1,3 M €	+195%	433,9 k €	+693%	-73,2 k €	-114%	540,5 k €	-44.8%	979,5 k €	+104%	479,4 k €	-32.4%	709,5 k €	+0.2%	708,2 k €	+72.1%	411,6 k €	+64.4%	250,4 k €	-51.7%	518,9 k €	-20.5%	653 k €	+23.7%	527,9 k €	-6.1%	562,1 k €	+106%	272,2 k €	+67.1%	162,9 k €	+4.3%	156,3 k €	-75.3%	633,7 k €	-55.6%	1,4 M €
Net result	2,1 M €	+102%	1 M €	+138%	429,8 k €	+219%	134,7 k €	-48.7%	262,7 k €	-69.3%	855,9 k €	+112%	404,1 k €	-5.0%	425,6 k €	-15.9%	505,9 k €	+72.1%	294 k €	+13.1%	259,9 k €	-5.7%	275,6 k €	-32.6%	408,5 k €	+18.6%	344,3 k €	-3.4%	356,3 k €	+63.0%	218,7 k €	-11.4%	246,9 k €	+4.4%	236,6 k €	-70.7%	806,3 k €	+33.9%	602,4 k €
Balance sheet
Equity	1,8 M €	+0.1%	1,8 M €	+31.5%	1,3 M €	+15.5%	1,2 M €	+13.1%	1 M €	-7.8%	1,1 M €	+83.2%	608,1 k €	+9.8%	554 k €	+15.8%	478,4 k €	+48.3%	322,5 k €	-1.8%	328,5 k €	-10.9%	368,6 k €	-37.8%	593,1 k €	-13.4%	684,5 k €	-18.5%	840,2 k €	-14.6%	983,8 k €	-24.6%	1,3 M €	-45.5%	2,4 M €	+11.0%	2,2 M €	+49.1%	1,4 M €
Total assets	9,2 M €	+30.6%	7,1 M €	-8.2%	7,7 M €	+41.8%	5,4 M €	+26.3%	4,3 M €	-1.0%	4,3 M €	-16.1%	5,2 M €	+60.1%	3,2 M €	-6.9%	3,5 M €	+58.7%	2,2 M €	-28.1%	3 M €	+24.4%	2,4 M €	+14.2%	2,1 M €	+7.3%	2 M €	+7.5%	1,9 M €	-4.9%	1,9 M €	-22.8%	2,5 M €	-24.8%	3,4 M €	+9.6%	3,1 M €	-13.4%	3,5 M €
Cash	3,9 M €	+179%	1,4 M €	+101%	695 k €	+75.5%	396,1 k €	-54.7%	874,5 k €	-7.7%	947 k €	+2.7%	921,7 k €	+197%	310,3 k €	-54.8%	687,2 k €	+203%	226,7 k €	-75.2%	913,9 k €	+35.6%	674,1 k €	+108%	323,7 k €	-34.0%	490,7 k €	-4.7%	514,8 k €	-18.0%	627,9 k €	+25.8%	499,1 k €	-53.2%	1,1 M €	+48.1%	720,4 k €	-38.6%	1,2 M €
Debts	7,3 M €	+43.1%	5,1 M €	-15.6%	6,1 M €	+42.5%	4,3 M €	+35.3%	3,1 M €	-2.3%	3,2 M €	-29.4%	4,6 M €	+99.7%	2,3 M €	-22.2%	2,9 M €	+58.0%	1,9 M €	-31.4%	2,7 M €	+31.1%	2,1 M €	+33.6%	1,5 M €	+18.1%	1,3 M €	+29.1%	1 M €	+6.7%	949,7 k €	-14.2%	1,1 M €	+55.2%	713,1 k €	+9.7%	650,1 k €	-68.9%	2,1 M €
Other
Workforce	9,0 ETP	-24.4%	11,9 ETP	-7.0%	12,8 ETP	-5.2%	13,5 ETP	-10.6%	15,1 ETP	+8.6%	13,9 ETP	+0.7%	13,8 ETP	+16.9%	11,8 ETP	+20.4%	9,8 ETP	+24.1%	7,9 ETP	+3.9%	7,6 ETP	+11.8%	6,8 ETP	+6.2%	6,4 ETP	+33.3%	4,8 ETP	+20.0%	4,0 ETP	-4.8%	4,2 ETP	-8.7%	4,6 ETP	-28.1%	6,4 ETP	+28.0%	5,0 ETP	+22.0%	4,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

LIMPENS ENGINEERING & CONSULTING

Director · 0810.964.243

Represented by BART LIMPENS

Active

PKC

Director · 0810.958.206

Represented by PHILLIP KERCKX

Active

V.B.S.+

Director · 0811.383.719

Represented by BART LIMPENS

Active

Ended mandates

GUY CHARBONNIER

Manager · since 21 octobre 1997

Ended

LIMPENS ENGINEERING & CONSULTING

Manager · 0810.964.243

Represented by Bart Limpens

Ended

LIMPENS ENGINEERING & CONSULTING

Manager · 0810.964.243

Represented by Bart Limpens

Ended

LIMPENS ENGINEERING & CONSULTING

Manager · 0810.964.243

Represented by BART LIMPENS

Ended

At this address

Other companies at this address

Company	CBE no.
Dose-TEC● Active	0686.949.248
V.B.S.+● Active	0811.383.719
V.B.S. IMMO● Active	0677.749.589

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	16/07/2026	10/07/2025	04/07/2024	09/06/2023	19/05/2022	20/05/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	08/05/2023	09/05/2022	10/05/2021
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
Full model	31/12/2025	29/06/2026	16/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	10/07/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	08/05/2023	09/06/2023	French	PDF
Abridged model	31/12/2021	09/05/2022	19/05/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	20/05/2021	French	PDF
Abridged model	31/12/2019	11/05/2020	20/05/2020	French	PDF
Abridged model	31/12/2018	13/05/2019	23/05/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	07/06/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	18/05/2017	French	PDF
Abridged model	31/12/2015	08/05/2016	18/08/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	11/06/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	23/05/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	23/05/2013	French	PDF
Abridged model	31/12/2011	14/05/2012	24/05/2012	French	PDF
Abridged model	31/12/2010	04/07/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	05/07/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	06/07/2009	05/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	20/08/2008	French	PDF
Abridged model	31/12/2006	14/05/2007	22/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 13 ended

Active mandates

LIMPENS ENGINEERING & CONSULTING

Director · 0810.964.243

Represented by BART LIMPENS

Active

PKC

Director · 0810.958.206

Represented by PHILLIP KERCKX

Active

V.B.S.+

Director · 0811.383.719

Represented by BART LIMPENS

Active

Ended mandates

GUY CHARBONNIER

Manager · since 21 octobre 1997

Ended

LIMPENS ENGINEERING & CONSULTING

Manager · 0810.964.243

Represented by Bart Limpens

Ended

LIMPENS ENGINEERING & CONSULTING

Manager · 0810.964.243

Represented by Bart Limpens

Ended

LIMPENS ENGINEERING & CONSULTING

Manager · 0810.964.243

Represented by BART LIMPENS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates18/10/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office20/02/2018
SIEGE SOCIAL
PDF
Mandates13/03/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2009
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - COMPTES ANNUELS
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 20252,1 M €↑
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023429,8 k €↑
2022
Annual accounts 2022134,7 k €↓
2021
Annual accounts 2021262,7 k €↓
2021
Name changeVBS
2020
Annual accounts 2020855,9 k €↑
2019
Annual accounts 2019404,1 k €↓
2018
Annual accounts 2018425,6 k €↓
2017
Annual accounts 2017505,9 k €↑
2016
Annual accounts 2016294 k €↑
2015
Annual accounts 2015259,9 k €↓
2014
Annual accounts 2014275,6 k €↓
2013
Annual accounts 2013408,5 k €↑
2012
Annual accounts 2012344,3 k €↓
2011
Annual accounts 2011356,3 k €↑
2010
Annual accounts 2010218,7 k €↓
2009
Annual accounts 2009246,9 k €↑
2008
Annual accounts 2008236,6 k €↓
2007
Annual accounts 2007806,3 k €↑
2006
Annual accounts 2006602,4 k €
2006
Name changeV.B.S.
29/10/1997
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.B.S.

Overview

What does V.B.S. 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