ACTIVE

V.R.D.

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Financial year 2026 · closed on 28/02/2026

Net result

53 k €

+1.7% YoY

Revenue

77,4 k €

+2.8% YoY

Equity

465,5 k €

+12.9% YoY

What does V.R.D. do?

V.R.D. is a Private limited company incorporated in 1999. Its registered office is in Merelbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.353.432

Incorporation

25/06/1999

Legal form

Private limited company

Registered office

Guldensporenpark 90 box BLJ
9820 Merelbeke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

28/02/2026

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	77,4 k €	+2.8%	75,2 k €	+4.2%	72,2 k €	+5.4%	68,5 k €	+7.8%	63,5 k €	-6.4%	67,9 k €	+13.1%	60 k €	0.0%	60 k €	0.0%	60 k €	+50.0%	40 k €		–		–		–		–		–		–		–		–		–
EBITDA	71,5 k €	+1.5%	70,4 k €	+6.5%	66,1 k €	+0.7%	65,7 k €	+9.2%	60,2 k €	-7.6%	65,1 k €	+15.2%	56,5 k €	+0.2%	56,4 k €	+7.5%	52,5 k €	+54.2%	34 k €	+1361%	-2,7 k €	-785%	-305 €	+13.9%	-354,3 €	+24.4%	-468,9 €	-0.1%	-468,3 €	+56.0%	-1,1 k €	-86.7%	-569,8 €	+90.3%	-5,9 k €	-56.4%	-3,8 k €
Operating result	71,5 k €	+1.5%	70,4 k €	+6.5%	66,1 k €	+0.7%	65,7 k €	+9.2%	60,2 k €	-7.6%	65,1 k €	+15.2%	56,5 k €	+0.2%	56,4 k €	+7.5%	52,5 k €	+54.2%	34 k €	+1361%	-2,7 k €	-785%	-305 €	+13.9%	-354,3 €	+24.4%	-468,9 €	-0.1%	-468,3 €	+56.0%	-1,1 k €	-86.7%	-569,8 €	+90.3%	-5,9 k €	-56.4%	-3,8 k €
Net result	53 k €	+1.7%	52,1 k €	+6.4%	49 k €	+0.2%	48,9 k €	+9.8%	44,6 k €	-5.7%	47,2 k €	+23.7%	38,2 k €	+0.7%	37,9 k €	+15.7%	32,8 k €	+24.4%	26,4 k €	+467%	-7,2 k €	-2017%	-339 €	+13.3%	-391 €	+24.0%	-514,4 €	-6.3%	-484,1 €	+55.5%	-1,1 k €	+92.3%	-14,2 k €	-137%	-6 k €	+63.1%	-16,2 k €
Balance sheet
Equity	465,5 k €	+12.9%	412,5 k €	+14.5%	360,4 k €	+15.7%	311,3 k €	+18.6%	262,4 k €	+20.5%	217,8 k €	+27.7%	170,6 k €	+28.8%	132,4 k €	+40.1%	94,5 k €	+53.1%	61,7 k €	+74.5%	35,4 k €	-16.9%	42,5 k €	-0.8%	42,9 k €	-0.9%	43,3 k €	-1.2%	43,8 k €	-1.1%	44,3 k €	-2.4%	45,4 k €	-23.8%	59,5 k €	+296%	-30,3 k €
Total assets	472,8 k €	+12.4%	420,6 k €	+15.6%	363,8 k €	+15.6%	314,7 k €	+18.6%	265,3 k €	+19.8%	221,4 k €	-29.0%	311,7 k €	+11.6%	279,3 k €	+17.5%	237,6 k €	+11.9%	212,3 k €	+18.5%	179,2 k €	+0.2%	178,9 k €	+0.0%	178,8 k €	+0.2%	178,5 k €	-0.1%	178,7 k €	+0.0%	178,7 k €	+0.1%	178,5 k €	-0.5%	179,3 k €	+0.1%	179,1 k €
Cash	294,3 k €	+21.6%	242,1 k €	+30.6%	185,3 k €	+36.1%	136,2 k €	+58.6%	85,9 k €	+100%	42,9 k €	-66.8%	129,2 k €	+29.1%	100,1 k €	+71.2%	58,4 k €	+73.0%	33,8 k €	+4666%	709 €	+74.6%	406 €	+22.0%	332,8 €		–		187,9 €	+10.4%	170,2 €	+94456%	0,2 €	-99.8%	81,8 €		–
Debts	7,3 k €	-9.8%	8,1 k €	+132%	3,5 k €	+4.3%	3,3 k €	+15.2%	2,9 k €	-18.5%	3,5 k €	-97.5%	141,1 k €	-1.1%	142,7 k €	+1.2%	141,1 k €	-6.3%	150,6 k €	+7.9%	139,5 k €	+2.3%	136,3 k €	+0.3%	135,9 k €	+0.5%	135,2 k €	+0.2%	134,9 k €	+0.4%	134,4 k €	+0.9%	133,1 k €	+11.1%	119,8 k €	+5.5%	113,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 28/02/2026 · 3 active · 16 ended

Active mandates

Dimitri Anosowitsch

Director · since 01 mars 2024

Active

Evan Lesage

Director · since 01 janvier 2018

Active

Marjolein Frederickx

Director · since 01 janvier 2018

Active

Ended mandates

Johannes Horsten

Director · since 01 juin 2022

Ended

Dirk Heylen

Director · since 05 mars 2014

Ended

Dirk HEYLEN

Manager · since 05 mars 2014

Ended

Peter Isaac

Director · since 05 mars 2014

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/03/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	28/02/2026	28/02/2025	29/02/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/09/2026	27/08/2025	05/09/2024	30/08/2023	31/08/2022	08/09/2021
General meeting	31/08/2026	25/08/2025	26/08/2024	28/08/2023	29/08/2022	30/08/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	28/02/2026	31/08/2026	03/09/2026	Dutch	PDF
Full model	28/02/2025	25/08/2025	27/08/2025	Dutch	PDF
Full model	29/02/2024	26/08/2024	05/09/2024	Dutch	PDF
Full model	28/02/2023	28/08/2023	30/08/2023	Dutch	PDF
Full model	28/02/2022	29/08/2022	31/08/2022	Dutch	PDF
Full model	28/02/2021	30/08/2021	08/09/2021	Dutch	PDF
Full model	29/02/2020	31/08/2020	09/09/2020	Dutch	PDF
Full model	28/02/2019	26/08/2019	29/08/2019	Dutch	PDF
Full model	28/02/2018	27/08/2018	21/09/2018	Dutch	PDF
Full model	28/02/2017	28/08/2017	01/09/2017	Dutch	PDF
Full model	29/02/2016	29/08/2016	20/09/2016	Dutch	PDF
Abridged model	31/03/2014	20/09/2014	14/10/2014	Dutch	PDF
Abridged model	31/03/2013	30/09/2013	23/10/2013	Dutch	PDF
Abridged model	31/03/2012	30/09/2012	29/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	28/10/2011	Dutch	PDF
Abridged model	31/03/2010	30/09/2010	25/10/2010	Dutch	PDF
Abridged model	31/03/2009	19/09/2009	15/10/2009	Dutch	PDF
Abridged model	31/03/2008	12/11/2008	11/12/2008	Dutch	PDF
Abridged model	31/03/2007	20/10/2007	19/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 28/02/2026 · 3 active · 16 ended

Active mandates

Dimitri Anosowitsch

Director · since 01 mars 2024

Active

Evan Lesage

Director · since 01 janvier 2018

Active

Marjolein Frederickx

Director · since 01 janvier 2018

Active

Ended mandates

Johannes Horsten

Director · since 01 juin 2022

Ended

Dirk Heylen

Director · since 05 mars 2014

Ended

Dirk HEYLEN

Manager · since 05 mars 2014

Ended

Peter Isaac

Director · since 05 mars 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/12/2024
Benoeming Commissaris
PDF
Mandates05/06/2024
Ontslag en benoeming bestuurders '
PDF
Mandates11/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/04/2019
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

2026
Annual accounts 202653 k €↑
2025
Annual accounts 202552,1 k €↑
2024
Annual accounts 202449 k €↑
2023
Annual accounts 202348,9 k €↑
2022
Annual accounts 202244,6 k €↓
2021
Annual accounts 202147,2 k €↑
2020
Annual accounts 202038,2 k €↑
2019
Annual accounts 201937,9 k €↑
2018
Annual accounts 201832,8 k €↑
2017
Annual accounts 201726,4 k €↑
2016
Annual accounts 2016-7,2 k €↓
2014
Annual accounts 2014-339 €↑
2013
Annual accounts 2013-391 €↑
2012
Annual accounts 2012-514,4 €↓
2011
Annual accounts 2011-484,1 €↑
2010
Annual accounts 2010-1,1 k €↑
2009
Annual accounts 2009-14,2 k €↓
2008
Annual accounts 2008-6 k €↑
2007
Annual accounts 2007-16,2 k €
25/06/1999
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

V.R.D.

Overview

What does V.R.D. do?

Trend over 19 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