ACTIVE

VEL - OIL

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Financial year 2025 · Closed on 31/12/2025

Net result1,5 M €+17,3 %over 1 year

Revenue39,6 M €-0,5 %over 1 year

Equity12,5 M €+13,3 %over 1 year

Workforce0,9 ETP-10,0 %over 1 year

Identity

Source · BCE/KBO

VEL - OIL is a Public limited company incorporated in 1998. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Lummen. It employs on average 0,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.616.052
Incorporation: 22/06/1998
Legal form: Public limited company
Registered office: Lindekensveld 5 box 1.1
3560 Lummen · FlandreSee on map
Contributed capital: 211 000,00 €
Latest accounts: 31/12/2025
Average workforce: 0,9 ETP

Activities (NACE)

46710Wholesale of solid, liquid and gaseous fuels and related products· main 46810Wholesale trade, except of motor vehicles and motorcycles 47300Retail sale of automotive fuel in specialised stores 47300Retail sale of automotive fuel in specialised stores 50500Water transport 51510Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	39,6 M €	-0.5%	39,7 M €	+2.4%	38,8 M €	-10.2%	43,2 M €	+36.5%	31,7 M €
EBITDA	2 M €	+7.4%	1,8 M €	-12.8%	2,1 M €	-10.0%	2,4 M €	+126%	1 M €
Operating result	1,9 M €	+15.4%	1,6 M €	-14.1%	1,9 M €	-11.4%	2,1 M €	+164%	810,4 k €
Net result	1,5 M €	+17.3%	1,3 M €	-11.5%	1,4 M €	-12.8%	1,6 M €	+155%	636,1 k €
Balance sheet
Equity	12,5 M €	+13.3%	11,1 M €	+12.8%	9,8 M €	+16.9%	8,4 M €	+24.0%	6,8 M €
Total assets	13,7 M €	+6.0%	12,9 M €	+11.0%	11,6 M €	+21.9%	9,6 M €	+13.0%	8,5 M €
Cash	555,1 k €	-73.9%	2,1 M €	-51.6%	4,4 M €	+629%	602,2 k €	+37.6%	437,7 k €
Debts	1,2 M €	-37.0%	1,9 M €	+1.4%	1,8 M €	+57.6%	1,2 M €	-31.0%	1,7 M €
Other
Workforce	0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 12 ended

Active mandates

Erik Aaftink

Managing director · since 06 mai 2025

Active

Sven Van den Branden

Director

Active

Ended mandates

Gerrit van Boven

Managing director · since 29 juillet 2010

Ended

Sven Van den Branden

Director · since 29 juillet 2010

Ended

Aloysius Van de Vel

Director · until 01 juin 2010

Ended

Aloysius Van de Vel

Director

Ended

Other companies at this address

Lindekensveld 5 3560 Lummen

Company	CBE no.
Demarol België● Active	0878.684.002
SPINDLETOP● Active	0468.539.494
TRICONSULT● Active	0449.560.059

Full financial information

Source · NBB

	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	20/05/2026	28/05/2025	30/05/2024	12/07/2023	07/07/2022	06/07/2021
General meeting	12/05/2026	13/05/2025	27/05/2024	31/05/2023	14/06/2022	08/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	20/05/2026	Dutch	PDF
Full model	31/12/2024	13/05/2025	28/05/2025	Dutch	PDF
Full model	31/12/2023	27/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	14/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	08/06/2021	06/07/2021	Dutch	PDF
Full model	31/12/2019	12/05/2020	03/06/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	24/07/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	13/05/2014	22/05/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	08/05/2012	28/06/2012	Dutch	PDF
Full model	31/12/2010	10/05/2011	09/06/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	12/05/2009	03/06/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	19/06/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	03/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 12 ended

Active mandates

Erik Aaftink

Managing director · since 06 mai 2025

Active

Sven Van den Branden

Director

Active

Ended mandates

Gerrit van Boven

Managing director · since 29 juillet 2010

Ended

Sven Van den Branden

Director · since 29 juillet 2010

Ended

Aloysius Van de Vel

Director · until 01 juin 2010

Ended

Aloysius Van de Vel

Director

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Other30/06/2026
—
PDF
Mandates25/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates10/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/04/2020
MAATSCHAPPELIJKE ZETEL
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20251,5 M €↑
2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20231,4 M €↓
2022
Annual accounts 20221,6 M €↑
2021
Annual accounts 2021636,1 k €↑
2020
Annual accounts 2020310,6 k €↓
2019
Annual accounts 2019334 k €↓
2018
Annual accounts 2018335,5 k €↑
2017
Annual accounts 2017204,9 k €↓
2016
Annual accounts 2016255,6 k €↓
2015
Annual accounts 2015268,2 k €↑
2014
Annual accounts 2014262,2 k €↓
2013
Annual accounts 2013635,7 k €↑
2012
Annual accounts 2012471,3 k €↓
2011
Annual accounts 2011566 k €↑
2010
Annual accounts 2010496,3 k €↓
2009
Annual accounts 2009580,4 k €↑
2008
Annual accounts 200854,1 k €
22/06/1998
IncorporationPublic limited company

VEL - OIL

Overview

Identity

Financials

Valuation

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

Timeline