ACTIVE

VABELE

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Financial year 2025 · closed on 30/12/2025

Net result

267,3 k €

-54.9% YoY

Gross margin

1,3 M €

-11.2% YoY

Equity

9,1 M €

+1.4% YoY

Workforce

8,1 ETP

-14.7% YoY

What does VABELE do?

VABELE is a Public limited company incorporated in 1999. Its main activity is: Activities of holding companies. Its registered office is in Ingelmunster. It employs on average 8,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.190.413

Incorporation

07/06/1999

Legal form

Public limited company

Registered office

Kortrijkstraat 174
8770 Ingelmunster · FlandreSee on map

Contributed capital

2 900 000,00 €

Latest accounts

30/12/2025

Average workforce

8,1 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Joint committees (4)

14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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	1,3 M €	-11.2%	1,5 M €		–		–		–		–		–		–		–		–		1,1 M €	+24.1%	855,9 k €	+7.5%	795,9 k €	+1.5%	784,1 k €	+0.9%	777,2 k €	-8.6%	850,2 k €	+0.4%	846,9 k €	+4.3%	812 k €	+1.8%	797,8 k €	+1.9%	783,1 k €
EBITDA	480,5 k €	-8.7%	526 k €	-8.2%	573,3 k €	+10.0%	521 k €	+9.1%	477,4 k €	-4.2%	498,3 k €	-2.5%	511,1 k €	+2.5%	498,8 k €	+3.0%	484,2 k €	+6.9%	452,9 k €	+0.4%	451,3 k €	+51.7%	297,5 k €	-18.6%	365,3 k €	+6.0%	344,6 k €	-2.2%	352,5 k €	-11.0%	396,2 k €	+1.1%	391,9 k €	+4.1%	376,6 k €	+0.0%	376,5 k €	+2.9%	366,1 k €
Operating result	480,5 k €	-8.7%	526 k €	-8.5%	575,1 k €	+8.8%	528,3 k €	-1.7%	537,6 k €	+7.9%	498,3 k €	-2.5%	511,1 k €	+2.5%	498,8 k €	+3.0%	484,2 k €	+6.9%	452,9 k €	+0.4%	451,3 k €	+51.7%	297,5 k €	-17.8%	362 k €	+5.1%	344,6 k €	-2.2%	352,5 k €	-11.0%	396,2 k €	+1.1%	391,9 k €	+4.1%	376,6 k €	+0.0%	376,5 k €	+2.9%	366,1 k €
Net result	267,3 k €	-54.9%	592,8 k €	-46.7%	1,1 M €	+272%	298,5 k €	-3.7%	310 k €	+19.2%	260,1 k €	-11.7%	294,7 k €	-47.6%	561,9 k €	+5.7%	531,4 k €	-10.6%	594,2 k €	+14.1%	520,8 k €	+25.9%	413,6 k €	-16.3%	494 k €	-28.2%	687,7 k €	-0.2%	688,8 k €	-0.9%	695,2 k €	+201%	231 k €	-10.8%	258,9 k €	+20.7%	214,5 k €	+24.2%	172,7 k €
Balance sheet
Equity	9,1 M €	+1.4%	8,9 M €	+7.1%	8,4 M €	+10.8%	7,5 M €	-30.8%	10,9 M €	+2.9%	10,6 M €	+2.5%	10,3 M €	+2.3%	10,1 M €	+5.2%	9,6 M €	+4.5%	9,2 M €	+2.8%	8,9 M €	+2.7%	8,7 M €	+1.4%	8,6 M €	-2.3%	8,8 M €	+0.2%	8,8 M €	+8.5%	8,1 M €	+9.4%	7,4 M €	+3.2%	7,1 M €	+3.8%	6,9 M €	+3.2%	6,7 M €
Total assets	12,2 M €	+0.9%	12,1 M €	+3.5%	11,7 M €	+11.1%	10,5 M €	-24.4%	13,9 M €	+2.0%	13,6 M €	+1.3%	13,5 M €	+1.5%	13,3 M €	+3.6%	12,8 M €	+1.3%	12,6 M €	+2.1%	12,4 M €	+2.1%	12,1 M €	-1.5%	12,3 M €	-1.4%	12,5 M €	+5.9%	11,8 M €	+6.0%	11,1 M €	+6.8%	10,4 M €	+2.3%	10,2 M €	+2.7%	9,9 M €	+2.1%	9,7 M €
Cash	852,5 k €	+91.9%	444,1 k €	-62.5%	1,2 M €	+75.0%	677,3 k €	-54.3%	1,5 M €	-18.5%	1,8 M €	+121%	824,4 k €	-53.3%	1,8 M €	+3.3%	1,7 M €	+11.3%	1,5 M €	-69.6%	5,1 M €	+6.2%	4,8 M €	-4.1%	5 M €	+822%	538,4 k €	-17.8%	655,1 k €	-19.1%	809,5 k €	-19.4%	1 M €	+148%	404,9 k €	-69.9%	1,3 M €	+93.7%	694,9 k €
Debts	3,1 M €	-0.4%	3,1 M €	-5.6%	3,3 M €	+12.1%	2,9 M €	-0.9%	2,9 M €	+0.7%	2,9 M €	-1.6%	3 M €	-0.1%	3 M €	-1.8%	3 M €	-7.2%	3,3 M €	-1.3%	3,3 M €	+1.1%	3,3 M €	-10.9%	3,7 M €	+0.8%	3,6 M €	+23.0%	3 M €	-1.0%	3 M €	+0.6%	3 M €	-0.0%	3 M €	+0.3%	3 M €	-0.3%	3 M €
Other
Workforce	8,1 ETP	-14.7%	9,5 ETP	+5.6%	9,0 ETP	0.0%	9,0 ETP	-10.0%	10,0 ETP	+25.0%	8,0 ETP	0.0%	8,0 ETP	-3.6%	8,3 ETP	0.0%	8,3 ETP	-3.5%	8,6 ETP	+1.2%	8,5 ETP	+34.9%	6,3 ETP	0.0%	6,3 ETP	-10.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/12/2025 · 1 active · 19 ended

Active mandates

Danny Simoens

Managing director · since 19 mai 2020

Active

Ended mandates

Andrea Pannecoucke

Director · since 19 mai 2020 · until 03 décembre 2022

Ended

Andrea Pannecoucke

Director · since 19 mai 2020 · until 20 juin 2026

Ended

Danny Simoens

Director · since 19 mai 2020 · until 20 juin 2026

Ended

Danny Simoens

Managing director · since 19 mai 2020 · until 18 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
M. VANDENABEELE● Active	0402.763.202
V.T.E. Import● Active	0429.019.617

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	23/06/2026	18/07/2025	27/06/2024	28/04/2023	17/06/2022	20/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	27/04/2023	12/05/2022	28/04/2021
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	30/12/2025	19/06/2026	23/06/2026	Dutch	PDF
Abridged model	30/12/2024	20/06/2025	18/07/2025	Dutch	PDF
Full model	30/12/2023	21/06/2024	27/06/2024	Dutch	PDF
Full model	30/12/2022	27/04/2023	28/04/2023	Dutch	PDF
Full model	30/12/2021	12/05/2022	17/06/2022	Dutch	PDF
Full model	30/12/2020	28/04/2021	20/07/2021	Dutch	PDF
Full model	30/12/2019	19/05/2020	17/07/2020	Dutch	PDF
Full model	30/12/2018	04/04/2019	19/07/2019	Dutch	PDF
Full model	30/12/2017	20/06/2018	16/07/2018	Dutch	PDF
Full model	30/12/2016	16/05/2017	11/07/2017	Dutch	PDF
Abridged model	30/12/2015	03/05/2016	30/06/2016	Dutch	PDF
Abridged model	30/12/2014	11/05/2015	15/06/2015	Dutch	PDF
Abridged model	30/12/2013	24/04/2014	12/06/2014	Dutch	PDF
Abridged model	30/12/2012	29/05/2013	19/07/2013	Dutch	PDF
Abridged model	30/12/2011	25/05/2012	31/07/2012	Dutch	PDF
Abridged model	30/12/2010	17/06/2011	20/07/2011	Dutch	PDF
Abridged model	30/12/2009	18/06/2010	22/07/2010	Dutch	PDF
Abridged model	30/12/2008	19/06/2009	28/07/2009	Dutch	PDF
Abridged model	30/12/2007	20/06/2008	10/07/2008	Dutch	PDF
Abridged model	30/12/2006	15/06/2007	17/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/12/2025 · 1 active · 19 ended

Active mandates

Danny Simoens

Managing director · since 19 mai 2020

Active

Ended mandates

Andrea Pannecoucke

Director · since 19 mai 2020 · until 03 décembre 2022

Ended

Andrea Pannecoucke

Director · since 19 mai 2020 · until 20 juin 2026

Ended

Danny Simoens

Director · since 19 mai 2020 · until 20 juin 2026

Ended

Danny Simoens

Managing director · since 19 mai 2020 · until 18 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/08/2026
ONTSLAGEN, BENOEMINGEN
PDF
Capital / shares11/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates02/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2015
ONTSLAGEN - BENOEMINGEN
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 2025267,3 k €↓
2024
Annual accounts 2024592,8 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022298,5 k €↓
2021
Annual accounts 2021310 k €↑
2020
Annual accounts 2020260,1 k €↓
2019
Annual accounts 2019294,7 k €↓
2018
Annual accounts 2018561,9 k €↑
2017
Annual accounts 2017531,4 k €↓
2016
Annual accounts 2016594,2 k €↑
2015
Annual accounts 2015520,8 k €↑
2014
Annual accounts 2014413,6 k €↓
2013
Annual accounts 2013494 k €↓
2012
Annual accounts 2012687,7 k €↓
2011
Annual accounts 2011688,8 k €↓
2010
Annual accounts 2010695,2 k €↑
2009
Annual accounts 2009231 k €↓
2008
Annual accounts 2008258,9 k €↑
2007
Annual accounts 2007214,5 k €↑
2006
Annual accounts 2006172,7 k €
07/06/1999
IncorporationPublic 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

VABELE

Overview

What does VABELE 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