ACTIVE

VPK SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result6,5 M €-28,6 %over 1 year

Revenue1,5 M €+0,0 %over 1 year

Equity158,9 M €+0,9 %over 1 year

Workforce45,4 ETP+15,8 %over 1 year

Identity

Source · BCE/KBO

VPK SERVICES is a Public limited company incorporated in 1998. Its main activity is: Activities of head offices. Its registered office is in Dendermonde. It employs on average 45,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.538.245
Incorporation: 06/11/1998
Legal form: Public limited company
Registered office: Oude baan (OUD) 120
9200 Dendermonde · FlandreSee on map
Contributed capital: 5 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 45,4 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 74152Specialised design activities 74879Other professional, scientific and technical activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,5 M €	+0.0%	1,5 M €	+7.2%	1,4 M €	-17.9%	1,7 M €	+14.8%	1,5 M €
EBITDA	760,3 k €	+1137%	-73,3 k €	-105%	1,4 M €	+40.8%	988,1 k €	+381%	205,6 k €
Operating result	758 k €	+945%	-89,8 k €	-107%	1,4 M €	+41.4%	972,9 k €	+410%	190,7 k €
Net result	6,5 M €	-28.6%	9,1 M €	+16.2%	7,8 M €	+274%	-4,5 M €	-682%	771,3 k €
Balance sheet
Equity	158,9 M €	+0.9%	157,4 M €	+6.1%	148,4 M €	+1.9%	145,6 M €	-3.0%	150,1 M €
Total assets	580 M €	+1.2%	573,2 M €	-14.1%	667,1 M €	+4.4%	638,8 M €	+14.7%	556,9 M €
Cash	63,8 M €	-22.1%	81,9 M €	-31.3%	119,2 M €	-35.9%	185,9 M €	+53.9%	120,8 M €
Debts	420,7 M €	+1.7%	413,5 M €	-20.2%	518,4 M €	+5.3%	492,4 M €	+21.1%	406,6 M €
Other
Workforce	45,4 ETP	+15.8%	39,2 ETP	+6.2%	36,9 ETP	-0.8%	37,2 ETP	+5.1%	35,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VPK Packaging SASRepresented by Patrick Leclercq	Director21/09/2023 → 21/09/2028
FinCoPro0895.515.777Represented by Erik Peeters	Director22/03/2022 → 02/06/2028Manager25/04/2014 → 2015 accountsendedAdministrator - manager25/04/2014 → 2020 accountsended
UNI-PAR0465.120.641Represented by Pierre Macharis	Managing director22/03/2022 → 02/06/2028Manager23/08/2006 → 2015 accountsended
VPK Group0400.313.852Represented by Denis Zenner	Director22/03/2022 → 02/06/2028Manager04/01/2016 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ondulys Emballage SASRepresented by Wim Messiaen	Director22/03/2022 → 2022 accounts
Pierre Macharis	Administrator - manager30/08/2018 → 2018 accounts
VPK Paper0454.519.927Represented by ALEXIS ZENNER	Manager16/05/2014 → 2015 accountsDirector16/05/2014 → 22/03/2022

Other companies at this address

Oude baan (OUD) 120 9200 Dendermonde

Company	CBE no.
ECOFORMER● Active	0440.269.637
Elounda● Active	0726.363.714
IMMOWELL● Active	0431.101.850
Kastano● Active	0751.616.970
KEMASAN● Active	0705.937.195
PERKAMENT● Active	0465.122.225
Sociaal Fonds VPK● Active	0442.227.651
UNIFIN● Active	0465.100.647
UNI-PAR● Active	0465.120.641
VPK● Active	1013.441.647
VPK Group● Active	0400.313.852
VPK PACKAGING● Active	0454.520.026
VPK Paper● Active	0454.519.927

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	10/06/2026	17/06/2025	13/06/2024	19/06/2023	16/06/2022	13/07/2021
General meeting	05/06/2026	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

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	05/06/2026	10/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	13/06/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	19/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	12/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	24/04/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	25/04/2014	21/05/2014	Dutch	PDF
Full model	31/12/2012	26/04/2013	16/05/2013	Dutch	PDF
Full model	31/12/2011	27/04/2012	15/05/2012	Dutch	PDF
Full model	31/12/2010	29/04/2011	01/06/2011	Dutch	PDF
Full model	31/12/2009	30/04/2010	26/05/2010	Dutch	PDF
Full model	31/12/2008	24/04/2009	29/04/2009	Dutch	PDF
Full model	31/12/2007	25/04/2008	22/05/2008	Dutch	PDF
Full model	31/12/2006	27/04/2007	24/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

4 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VPK Packaging SASRepresented by Patrick Leclercq	Director21/09/2023 → 21/09/2028
FinCoPro0895.515.777Represented by Erik Peeters	Director22/03/2022 → 02/06/2028Manager25/04/2014 → 2015 accountsendedAdministrator - manager25/04/2014 → 2020 accountsended
UNI-PAR0465.120.641Represented by Pierre Macharis	Managing director22/03/2022 → 02/06/2028Manager23/08/2006 → 2015 accountsended
VPK Group0400.313.852Represented by Denis Zenner	Director22/03/2022 → 02/06/2028Manager04/01/2016 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ondulys Emballage SASRepresented by Wim Messiaen	Director22/03/2022 → 2022 accounts
Pierre Macharis	Administrator - manager30/08/2018 → 2018 accounts
VPK Paper0454.519.927Represented by ALEXIS ZENNER	Manager16/05/2014 → 2015 accountsDirector16/05/2014 → 22/03/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/07/2026
Herbenoeming commissaris
PDF
Mandates05/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2022
WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

VPK Packaging SAS

VPK Group

UNI-PAR

FinCoPro

Ondulys Emballage SAS

Pierre Macharis

VPK Paper

Ondulys Emballage

ONDULYS EMBALLAGES

VPK PACKAGING

PERKAMENT

JOZEF SCHOONJANS

1998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

VPK SERVICES

Oude baan (OUD) 120, 9200 Dendermonde

Director

DirectorManager

Managing directorManager

DirectorManagerAdministrator - manager

Manager

ManagerDirector

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oude baan (OUD) 120, 9200 DendermondeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00169450

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VPK SERVICESCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00169450

Events

2025
Annual accounts 20256,5 M €↓
2024
Annual accounts 20249,1 M €↑
31/07/2024
nominationVPK Packaging SAS · bestuurder
2023
Annual accounts 20237,8 M €↑
21/09/2023
nominationVPK Packaging SAS · bestuurder
02/06/2023
reconductionFilip De Bock · commissaris
2022
Annual accounts 2022-4,5 M €↓
2021
Annual accounts 2021771,3 k €↓
2020
Annual accounts 20201,6 M €↑
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018-1,4 M €↓
2017
Annual accounts 20171,1 M €↓
2016
Annual accounts 20166,1 M €↓
2015
Annual accounts 20158,5 M €↓
2014
Annual accounts 201410,5 M €↑
2013
Annual accounts 20139,6 M €↓
2012
Annual accounts 201212,9 M €↓
2011
Annual accounts 201113,8 M €↑
2010
Annual accounts 201013,6 M €↓
2009
Annual accounts 200919,4 M €↑
2007
Annual accounts 200710,1 M €↓
2006
Annual accounts 200612,4 M €
06/11/1998
IncorporationPublic limited company

VPK SERVICES

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

Registered offices

Company names

Events