ACTIVE

Vetworks

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Financial year 2025 · closed on 31/12/2025

Net result

123,1 k €

+81.2% YoY

Gross margin

465,9 k €

+20.9% YoY

Equity

420,3 k €

+41.4% YoY

Workforce

2,8 ETP

-6.7% YoY

What does Vetworks do?

Vetworks is a Private limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Aalter. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.429.169

Incorporation

23/10/1998

Legal form

Private limited company

Registered office

Knokstraat 38
9880 Aalter · FlandreSee on map

Contributed capital

56 317,32 €

Latest accounts

31/12/2025

Average workforce

2,8 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74302Translation and interpretation activities 20420Manufacture of perfumes and toilet preparations 20420Manufacture of perfumes and toilet preparations 24520Casting of steel+7

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	465,9 k €	+20.9%	385,4 k €	+36.8%	281,6 k €	+26.5%	222,5 k €	-24.6%	295 k €	+32.6%	222,5 k €	-28.7%	311,9 k €	-9.1%	343,2 k €	+99.2%	172,2 k €	+33.0%	129,5 k €	+45.2%	89,2 k €	+118%	41 k €	+16.1%	35,3 k €	-40.5%	59,3 k €	+56.3%	38 k €	-50.4%	76,5 k €	+481%	13,2 k €	-9.5%	14,6 k €	-27.3%	20 k €	-44.3%	35,9 k €
EBITDA	264,4 k €	+40.6%	188 k €	+38.2%	136 k €	+48.3%	91,7 k €	-32.4%	135,7 k €	+35.0%	100,5 k €	-50.9%	204,7 k €	-18.2%	250,2 k €	+144%	102,3 k €	+52.0%	67,3 k €	+13.9%	59,1 k €	+50.6%	39,2 k €	+17.6%	33,4 k €	-41.3%	56,8 k €	+51.3%	37,6 k €	-50.7%	76,2 k €	+513%	12,4 k €	-9.1%	13,7 k €	-21.2%	17,4 k €	-21.0%	22 k €
Operating result	191,7 k €	+52.1%	126 k €	+76.4%	71,5 k €	+213%	22,8 k €	-61.7%	59,5 k €	+262%	16,5 k €	-85.1%	110,3 k €	-39.2%	181,4 k €	+177%	65,6 k €	+123%	29,4 k €	-32.8%	43,7 k €	+56.2%	28 k €	+141%	11,6 k €	-67.2%	35,5 k €	+203%	11,7 k €	-83.4%	70,4 k €	+870%	7,3 k €	+2304%	-329,1 €	-113%	2,6 k €	-55.1%	5,8 k €
Net result	123,1 k €	+81.2%	67,9 k €	+27.8%	53,1 k €	+1839%	2,7 k €	-91.6%	32,7 k €	+1778%	1,7 k €	-97.8%	80,8 k €	-38.7%	131,9 k €	+401%	26,3 k €	+154%	10,4 k €	-59.4%	25,6 k €	+74.0%	14,7 k €	+1225%	1,1 k €	-94.4%	19,8 k €	+310%	4,8 k €	-89.6%	46,3 k €	+2002%	2,2 k €	+295%	-1,1 k €	-145%	-460,2 €	-112%	4 k €
Balance sheet
Equity	420,3 k €	+41.4%	297,3 k €	-17.7%	361,2 k €	+8.0%	334,4 k €	-2.2%	342 k €	-3.9%	355,7 k €	-3.5%	368,7 k €	+28.1%	287,9 k €	+84.5%	156 k €	+20.3%	129,7 k €	+8.7%	119,3 k €	+27.3%	93,8 k €	+18.6%	79,1 k €	-5.3%	83,5 k €	+31.0%	63,7 k €	+8.2%	58,9 k €	+366%	12,6 k €	+21.1%	10,4 k €	-9.8%	11,6 k €	-3.8%	12 k €
Total assets	1,3 M €	+8.5%	1,2 M €	-0.4%	1,2 M €	-22.6%	1,5 M €	+13.5%	1,3 M €	+14.4%	1,2 M €	-10.2%	1,3 M €	+18.1%	1,1 M €	+44.2%	756,6 k €	+2.0%	741,8 k €	+121%	336,2 k €	+15.8%	290,2 k €	+22.8%	236,3 k €	-25.7%	318 k €	+15.3%	275,7 k €	+47.9%	186,4 k €	+38.0%	135 k €	+189%	46,7 k €	-42.4%	81,2 k €	-4.2%	84,8 k €
Cash	18,6 k €	-89.6%	180 k €	+247%	51,8 k €	-38.3%	84 k €	+71.8%	48,9 k €	+183%	17,3 k €	-70.5%	58,6 k €	-69.3%	191 k €	+1885%	9,6 k €	-79.2%	46,3 k €	+15.2%	40,2 k €	+95.2%	20,6 k €	+6.0%	19,4 k €	+32139%	60,2 €	-99.8%	27,4 k €	-74.1%	105,9 k €	+1314%	7,5 k €	-10.1%	8,3 k €	+27.6%	6,5 k €	-75.3%	26,4 k €
Debts	829,1 k €	-2.9%	854,3 k €	+6.8%	799,8 k €	-31.2%	1,2 M €	+59.5%	728,9 k €	-2.0%	743,6 k €	-16.4%	889 k €	+13.7%	782,1 k €	+30.5%	599,3 k €	-1.0%	605,2 k €	+180%	216,1 k €	+33.3%	162,1 k €	+3.1%	157,2 k €	-32.9%	234,4 k €	+10.8%	211,5 k €	+65.9%	127,5 k €	+4.2%	122,4 k €	+238%	36,3 k €	-47.8%	69,5 k €	-4.3%	72,6 k €
Other
Workforce	2,8 ETP	-6.7%	3,0 ETP	+25.0%	2,4 ETP	-20.0%	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	+45.0%	2,0 ETP		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-50.0%	0,4 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 · 4 active · 4 ended

Active mandates

Zeger De Gussem

Director · since 02 février 2024

Active

Berten De Gussem

Director · since 07 juillet 2022

Active

Machteld De Gussem

Director · since 07 juillet 2022

Active

Maarten De Gussem

Director

Active

Ended mandates

Berten De Gussem

Director

Ended

KOEN DE GUSSEM

Manager

Ended

Maarten De Gussem

Manager

Ended

Machteld De Gussem

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Intestinal Health Scientific Interest Group● Active	0567.777.127
Knok● Active	1031.661.811

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	09/07/2026	25/08/2025	30/08/2024	11/07/2023	22/07/2022	31/08/2021
General meeting	26/06/2026	27/07/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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	26/06/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/07/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	24/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	09/08/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	26/09/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	19/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	26/06/2010	Dutch	PDF
Abridged model	31/12/2008	28/04/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	29/04/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	27/04/2007	20/06/2007	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 · 4 active · 4 ended

Active mandates

Zeger De Gussem

Director · since 02 février 2024

Active

Berten De Gussem

Director · since 07 juillet 2022

Active

Machteld De Gussem

Director · since 07 juillet 2022

Active

Maarten De Gussem

Director

Active

Ended mandates

Berten De Gussem

Director

Ended

KOEN DE GUSSEM

Manager

Ended

Maarten De Gussem

Manager

Ended

Machteld De Gussem

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2014
KAPITAAL - AANDELEN
PDF
Mandates23/09/2009
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/10/2005
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 2025123,1 k €↑
2024
Annual accounts 202467,9 k €↑
2023
Annual accounts 202353,1 k €↑
2022
Annual accounts 20222,7 k €↓
2021
Annual accounts 202132,7 k €↑
2020
Annual accounts 20201,7 k €↓
2019
Annual accounts 201980,8 k €↓
2018
Annual accounts 2018131,9 k €↑
2017
Annual accounts 201726,3 k €↑
2016
Annual accounts 201610,4 k €↓
2015
Annual accounts 201525,6 k €↑
2014
Annual accounts 201414,7 k €↑
2013
Annual accounts 20131,1 k €↓
2012
Annual accounts 201219,8 k €↑
2011
Annual accounts 20114,8 k €↓
2010
Annual accounts 201046,3 k €↑
2009
Annual accounts 20092,2 k €↑
2008
Annual accounts 2008-1,1 k €↓
2007
Annual accounts 2007-460,2 €↓
2006
Annual accounts 20064 k €
23/10/1998
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

Vetworks

Overview

What does Vetworks 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