ACTIVE

Vedafor

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

78,9 k €

+312.3% YoY

Gross margin

100 k €

+1552.7% YoY

Equity

499,3 k €

+18.8% YoY

What does Vedafor do?

Vedafor is a Private limited company incorporated in 1998. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.441.155

Incorporation

27/05/1998

Legal form

Private limited company

Registered office

Jachtlaan 4
3001 Leuven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (2)

30502
33004

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2018		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	100 k €	+1553%	6,1 k €	-98.0%	304,1 k €	+37.5%	221,2 k €	-23.8%	290,3 k €	-30.8%	419,2 k €	+2.1%	410,7 k €	+11.3%	369 k €	-9.9%	409,5 k €	+3.9%	394 k €	+6.7%	369,4 k €	-20.7%	465,8 k €	-15.7%	552,6 k €	+8.5%	509,3 k €	+6.9%	476,3 k €
EBITDA	93,8 k €	+26061%	358,5 €	-99.9%	294,6 k €	+365%	63,3 k €	-53.4%	135,9 k €	-54.4%	298 k €	+2.2%	291,6 k €	+3.5%	281,7 k €	-12.5%	321,8 k €	+10.4%	291,4 k €	+0.9%	288,8 k €	-22.4%	372,3 k €	-16.9%	447,9 k €	+7.9%	415 k €	+11.4%	372,4 k €
Operating result	67 k €	+207%	-62,5 k €	-127%	229,1 k €	+1089%	-23,2 k €	-162%	37,6 k €	-82.5%	215,6 k €	+13.9%	189,4 k €	-13.9%	220 k €	-21.1%	278,9 k €	+17.0%	238,4 k €	-0.3%	239,2 k €	-25.0%	319,1 k €	-18.0%	388,9 k €	+10.5%	351,9 k €	+21.7%	289,3 k €
Net result	78,9 k €	+312%	-37,2 k €	-123%	163 k €	+3057%	-5,5 k €	-118%	30,5 k €	-79.0%	145 k €	+14.7%	126,3 k €	-18.2%	154,4 k €	-24.4%	204,3 k €	+29.0%	158,4 k €	-4.0%	165 k €	-22.3%	212,5 k €	-15.8%	252,3 k €	+14.1%	221 k €	+25.3%	176,4 k €
Balance sheet
Equity	499,3 k €	+18.8%	420,4 k €	-36.9%	666,5 k €	+32.4%	503,5 k €	-27.4%	693,3 k €	-5.4%	733,2 k €	-21.3%	931,7 k €	+15.7%	805,3 k €	-3.0%	830 k €	-7.2%	894,7 k €	+21.5%	736,3 k €	+4.1%	707,3 k €	+8.0%	654,8 k €	+62.7%	402,5 k €	-4.5%	421,4 k €
Total assets	812,1 k €	+1.4%	800,5 k €	-18.8%	985,8 k €	+19.0%	828,4 k €	-22.2%	1,1 M €	+15.8%	919,2 k €	-37.3%	1,5 M €	+26.8%	1,2 M €	-8.3%	1,3 M €	+20.5%	1 M €	+4.9%	997,2 k €	-6.1%	1,1 M €	+6.7%	995,7 k €	+4.8%	950,5 k €	+5.3%	902,8 k €
Cash	176,9 k €	+877%	18,1 k €	-71.5%	63,5 k €	+898%	6,4 k €	-86.1%	45,7 k €	-66.7%	137 k €	-17.0%	165 k €	+239%	48,7 k €	-74.1%	188 k €	+134%	80,4 k €	-80.2%	406,2 k €	+18.1%	343,8 k €	-1.7%	349,6 k €	+556%	53,3 k €	-46.4%	99,4 k €
Debts	3,9 k €	-92.0%	48,4 k €	+67.0%	29 k €	-70.2%	97,2 k €	-13.3%	112,1 k €	+147%	45,5 k €	-89.5%	433,2 k €	+79.5%	241,3 k €	-24.7%	320,6 k €	+606%	45,4 k €	-72.9%	167,4 k €	-37.9%	269,5 k €	+2.7%	262,5 k €	-44.7%	474,4 k €	+15.0%	412,4 k €
Other
Workforce	–		–		0,0 ETP	-100%	3,5 ETP	+12.9%	3,1 ETP		–		2,1 ETP	0.0%	2,1 ETP	0.0%	2,1 ETP	0.0%	2,1 ETP	+10.5%	1,9 ETP	+46.2%	1,3 ETP	-18.8%	1,6 ETP	-30.4%	2,3 ETP	+4.5%	2,2 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 · 1 active · 5 ended

Active mandates

Hilde Fortje

Director

Active

Ended mandates

Hilde Fortje

Director · since 13 février 2023

Ended

Daniel Veugelen

Director · since 25 mai 1998

Ended

Daniel Veugelen

Manager · since 19 mai 1998

Ended

Daniel Veugelen

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro 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	30/06/2025	04/07/2024	30/06/2023	05/07/2022	10/06/2021
General meeting	19/07/2026	28/06/2025	28/06/2024	29/06/2023	01/07/2022	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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/07/2026	20/07/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	01/07/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	08/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	13/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	03/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/07/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	18/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	15/07/2013	Dutch	PDF
Abridged model	31/12/2011	31/08/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/07/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/07/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	13/07/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	28/07/2008	04/08/2008	Dutch	PDF
Abridged model	31/12/2006	22/06/2007	09/07/2007	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 · 1 active · 5 ended

Active mandates

Hilde Fortje

Director

Active

Ended mandates

Hilde Fortje

Director · since 13 février 2023

Ended

Daniel Veugelen

Director · since 25 mai 1998

Ended

Daniel Veugelen

Manager · since 19 mai 1998

Ended

Daniel Veugelen

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2018
KAPITAAL - AANDELEN
PDF
Capital / shares13/01/2014
KAPITAAL - AANDELEN
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 202578,9 k €↑
2024
Annual accounts 2024-37,2 k €↓
2024
Name changeVedafor
2023
Annual accounts 2023163 k €↑
2022
Annual accounts 2022-5,5 k €↓
2021
Annual accounts 202130,5 k €↓
2018
Annual accounts 2018145 k €↑
2014
Annual accounts 2014126,3 k €↓
2013
Annual accounts 2013154,4 k €↓
2012
Annual accounts 2012204,3 k €↑
2011
Annual accounts 2011158,4 k €↓
2010
Annual accounts 2010165 k €↓
2009
Annual accounts 2009212,5 k €↓
2008
Annual accounts 2008252,3 k €↑
2007
Annual accounts 2007221 k €↑
2006
Annual accounts 2006176,4 k €
2006
Name changeDR. D. VEUGELEN
27/05/1998
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

Vedafor

Overview

What does Vedafor do?

Trend over 15 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