ACTIVE

VAZON

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Financial year 2025 · closed on 31/12/2025

Net result

-84,9 k €

+2.5% YoY

Gross margin

81 k €

-24.2% YoY

Equity

2,9 M €

-2.8% YoY

What does VAZON do?

VAZON is a Public limited company incorporated in 1999. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Nieuwerkerken (Limb.).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.837.442

Incorporation

10/09/1999

Legal form

Public limited company

Registered office

Weyerstraat 137
3850 Nieuwerkerken (Limb.) · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 52210Service activities incidental to land transportation 52210Service activities incidental to land transportation 64923Other credit granting 64991Other financial service activities, except insurance and pension funding n.e.c.+4

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	81 k €	-24.2%	106,9 k €	+82.1%	58,7 k €	-68.4%	185,6 k €	-80.6%	955 k €	+351%	211,6 k €	+26.7%	167 k €	-37.6%	267,8 k €	+5323%	4,9 k €	-97.9%	237,2 k €	+433%	-71,3 k €	+3.8%	-74,1 k €	-148%	155,1 k €	-19.9%	193,7 k €	-17.3%	234,3 k €	+12.5%	208,2 k €	+28.2%	162,4 k €	+28.0%	126,9 k €	+3.3%	122,8 k €	+2.9%	119,4 k €
EBITDA	52,5 k €	+32.5%	39,6 k €	+493%	-10,1 k €	-106%	171,4 k €	-81.2%	910 k €	+418%	175,6 k €	+36.5%	128,6 k €	-51.9%	267,2 k €	+1211%	-24,1 k €	-111%	210,4 k €	+305%	-102,8 k €	-4.6%	-98,3 k €	-179%	124,5 k €	-29.0%	175,3 k €	-19.1%	216,7 k €	+13.0%	191,7 k €	+30.6%	146,7 k €	+31.3%	111,7 k €	+3.5%	107,9 k €	+6.1%	101,7 k €
Operating result	-112 k €	-6.3%	-105,3 k €	+16.6%	-126,3 k €	-300%	63 k €	-92.1%	794,1 k €	+9428%	-8,5 k €	+85.5%	-58,6 k €	-175%	78,2 k €	+129%	-271,1 k €	-606%	53,6 k €	+120%	-268,4 k €	-37.7%	-194,9 k €	-592%	-28,2 k €	-133%	85,2 k €	-39.5%	140,9 k €	+45.1%	97,1 k €	+5.3%	92,2 k €	+35.0%	68,3 k €	+5.9%	64,4 k €	+10.6%	58,3 k €
Net result	-84,9 k €	+2.5%	-87,1 k €	-135%	248,5 k €	+719%	30,3 k €	-94.7%	571 k €	+29355%	-2 k €	+96.0%	-48,4 k €	-147%	103,6 k €	+137%	-280,5 k €	-680%	48,3 k €	+119%	-258,5 k €	-554%	56,9 k €	+206%	-53,4 k €	-295%	27,4 k €	-53.3%	58,6 k €	+88.4%	31,1 k €	+19.7%	26 k €	+16.1%	22,4 k €	+35.7%	16,5 k €	+56.3%	10,5 k €
Balance sheet
Equity	2,9 M €	-2.8%	3 M €	-2.8%	3,1 M €	+8.7%	2,8 M €	+1.1%	2,8 M €	+25.4%	2,2 M €	+41.1%	1,6 M €	-3.0%	1,6 M €	-16.8%	2 M €	-12.5%	2,3 M €	+2.2%	2,2 M €	-10.5%	2,5 M €	+2.4%	2,4 M €	+699%	300,7 k €	+10.0%	273,4 k €	+22.7%	222,7 k €	+12.7%	197,6 k €	+13.2%	174,6 k €	+12.5%	155,3 k €	+4.4%	148,8 k €
Total assets	4,2 M €	-0.4%	4,3 M €	-6.2%	4,5 M €	-6.7%	4,9 M €	-2.9%	5 M €	-7.9%	5,4 M €	-3.1%	5,6 M €	-14.5%	6,6 M €	-0.6%	6,6 M €	+27.4%	5,2 M €	-0.4%	5,2 M €	+23.1%	4,2 M €	-2.7%	4,3 M €	+118%	2 M €	+10.0%	1,8 M €	-5.2%	1,9 M €	+41.0%	1,4 M €	+35.0%	1 M €	-4.3%	1 M €	-4.6%	1,1 M €
Cash	173,2 k €	+767%	20 k €	-29.2%	28,2 k €	+274%	7,6 k €	-5.3%	8 k €	+256%	2,2 k €	-53.4%	4,8 k €	-99.4%	805 k €	+226131%	355,9 €	-99.7%	134,1 k €	+781%	15,2 k €	-98.8%	1,3 M €	-22.3%	1,7 M €	+46835%	3,6 k €	+301%	900,5 €	-96.2%	23,6 k €	+153%	9,3 k €	+60.5%	5,8 k €	+97.3%	2,9 k €	-9.4%	3,2 k €
Debts	1 M €	+9.4%	953,2 k €	-15.7%	1,1 M €	-33.2%	1,7 M €	-8.1%	1,8 M €	-28.5%	2,6 M €	-5.1%	2,7 M €	-24.1%	3,6 M €	-2.0%	3,6 M €	+90.8%	1,9 M €	-1.1%	1,9 M €	+187%	674,6 k €	-19.3%	836,3 k €	-50.3%	1,7 M €	+10.1%	1,5 M €	-9.0%	1,7 M €	+45.8%	1,2 M €	+39.9%	823,3 k €	-6.4%	879,2 k €	-6.0%	935,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

DIANE VANDERMAESEN

Managing director

Active

Oldrich Wisniowski

Director

Active

Rupert Wisniowski

Director

Active

Vicent Vaes

Director

Active

Ended mandates

Diane Vandermaesen

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Oldrich Wisniowski

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Rupert Wisniowski

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Vincent Vaes

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

At this address

Other companies at this address

Company	CBE no.
HEVRO● Active	0891.480.181

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	21/09/2026	25/09/2025	13/09/2024	27/08/2024	15/10/2022	13/12/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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	30/06/2026	21/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	25/09/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	13/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/08/2024	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	15/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	13/12/2021	Dutch	PDF
Abridged model	31/12/2019	18/05/2020	25/09/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/05/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	16/05/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/03/2014	15/05/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	29/05/2013	Dutch	PDF
Abridged model	31/12/2011	21/05/2012	30/05/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/05/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	19/05/2008	16/06/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	14/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

DIANE VANDERMAESEN

Managing director

Active

Oldrich Wisniowski

Director

Active

Rupert Wisniowski

Director

Active

Vicent Vaes

Director

Active

Ended mandates

Diane Vandermaesen

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Oldrich Wisniowski

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Rupert Wisniowski

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Vincent Vaes

Director · since 27 décembre 2023 · until 27 décembre 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/09/2023
MAATSCHAPPELIJKE ZETEL
PDF
Registered office22/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2016
DOEL
PDF
Mandates06/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/11/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/07/2012
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
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 2025-84,9 k €↑
2024
Annual accounts 2024-87,1 k €↓
2023
Annual accounts 2023248,5 k €↑
2022
Annual accounts 202230,3 k €↓
2021
Annual accounts 2021571 k €↑
2020
Annual accounts 2020-2 k €↑
2019
Annual accounts 2019-48,4 k €↓
2018
Annual accounts 2018103,6 k €↑
2017
Annual accounts 2017-280,5 k €↓
2016
Annual accounts 201648,3 k €↑
2015
Annual accounts 2015-258,5 k €↓
2014
Annual accounts 201456,9 k €↑
2013
Annual accounts 2013-53,4 k €↓
2012
Annual accounts 201227,4 k €↓
2011
Annual accounts 201158,6 k €↑
2010
Annual accounts 201031,1 k €↑
2009
Annual accounts 200926 k €↑
2008
Annual accounts 200822,4 k €↑
2007
Annual accounts 200716,5 k €↑
2006
Annual accounts 200610,5 k €
10/09/1999
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

VAZON

Overview

What does VAZON 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