ACTIVE

VEMAPHAR

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Financial year 2025 · closed on 31/12/2025

Net result

260,4 k €

+33.0% YoY

Gross margin

393,2 k €

+28.1% YoY

Equity

2 M €

+14.8% YoY

Workforce

0,0 ETP

What does VEMAPHAR do?

VEMAPHAR is a Private limited company incorporated in 2000. Its main activity is: Activities of holding companies. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.640.427

Incorporation

14/04/2000

Legal form

Private limited company

Registered office

Menenstraat 295
8560 Wevelgem · FlandreSee on map

Contributed capital

18 585,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	393,2 k €	+28.1%	307,1 k €	+45.4%	211,2 k €	+35.6%	155,8 k €	-41.5%	266,2 k €	+49.5%	178,1 k €	+44.8%	123 k €	+403%	24,5 k €	-88.6%	214,4 k €	+28.2%	167,2 k €	-24.9%	222,6 k €	+30.9%	170 k €	-14.3%	198,4 k €	+68.1%	118 k €	-1.0%	119,1 k €	+54.1%	77,3 k €	-29.8%	110,1 k €	+3.6%	106,2 k €
EBITDA	389,3 k €	+28.3%	303,6 k €	+46.0%	207,8 k €	+35.3%	153,7 k €	-41.8%	263,8 k €	+49.5%	176,5 k €	+46.0%	120,9 k €	+434%	22,7 k €	-89.3%	212,7 k €	+28.5%	165,5 k €	-23.3%	215,7 k €	+28.6%	167,7 k €	-13.5%	193,9 k €	+70.4%	113,8 k €	-3.9%	118,4 k €	+54.3%	76,7 k €	+71.0%	44,9 k €	+21.7%	36,9 k €
Operating result	364,4 k €	+30.6%	279 k €	+47.2%	189,5 k €	+25.1%	151,5 k €	-40.9%	256,3 k €	+48.9%	172,2 k €	+47.7%	116,6 k €	+535%	18,4 k €	-91.4%	212,7 k €	+29.3%	164,6 k €	-23.4%	214,8 k €	+28.9%	166,7 k €	-13.6%	192,9 k €	+71.2%	112,7 k €	-4.5%	118 k €	+54.6%	76,3 k €	+71.2%	44,6 k €	+430%	8,4 k €
Net result	260,4 k €	+33.0%	195,8 k €	-10.7%	219,4 k €	-32.0%	322,7 k €	+86.1%	173,4 k €	+33.6%	129,8 k €	+63.4%	79,4 k €	+452%	14,4 k €	-88.6%	126,1 k €	+10.7%	113,9 k €	-38.0%	183,8 k €	+43.9%	127,7 k €	-8.4%	139,4 k €	+108%	67,1 k €	+3.6%	64,8 k €	+73.9%	37,3 k €	-67.6%	114,9 k €	+3241%	3,4 k €
Balance sheet
Equity	2 M €	+14.8%	1,8 M €	+12.5%	1,6 M €	+16.3%	1,3 M €	+31.6%	1 M €	+20.3%	848,3 k €	+18.1%	718,5 k €	+12.4%	639 k €	+2.3%	624,6 k €	+25.3%	498,5 k €	+29.6%	384,5 k €	+1.0%	380,8 k €	+14.3%	333 k €	+21.7%	273,6 k €	+32.5%	206,5 k €	+36.1%	151,7 k €	-4.5%	158,9 k €	+261%	44 k €
Total assets	2,7 M €	+8.4%	2,5 M €	+1.4%	2,4 M €	+4.6%	2,3 M €	+62.1%	1,4 M €	+53.2%	932,1 k €	-1.9%	950 k €	-1.7%	966,3 k €	-5.9%	1 M €	+10.1%	932,3 k €	+8.9%	856,5 k €	+5.1%	814,9 k €	-3.1%	840,6 k €	+3.6%	811,1 k €	+3.1%	786,7 k €	-0.7%	792,3 k €	+82.5%	434,1 k €	+71.6%	253 k €
Cash	87,4 k €	-19.5%	108,6 k €	-80.8%	564,3 k €	-29.2%	796,6 k €	+144%	326,7 k €	+1297%	23,4 k €	+617%	3,3 k €	-78.9%	15,4 k €	+37.1%	11,3 k €	-38.5%	18,3 k €	+72.6%	10,6 k €	-44.3%	19,1 k €	+1.5%	18,8 k €	+142%	7,8 k €	-43.7%	13,8 k €	-53.1%	29,4 k €	-33.4%	44,1 k €	+28.7%	34,3 k €
Debts	642,6 k €	-7.8%	697,3 k €	-17.8%	848,3 k €	-11.6%	959,3 k €	+143%	394,5 k €	+391%	80,4 k €	-65.2%	230,8 k €	-29.3%	326,6 k €	-18.7%	401,7 k €	-7.3%	433,2 k €	-6.6%	463,9 k €	+8.8%	426,4 k €	-14.7%	499,9 k €	-5.1%	526,6 k €	-8.0%	572,2 k €	-9.5%	632,6 k €	+134%	270,4 k €	+31.4%	205,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		0,1 ETP		–		0,1 ETP	0.0%	0,1 ETP		–		–		1,4 ETP	0.0%	1,4 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 · 2 active · 10 ended

Active mandates

Koen Verbeke

Director · since 18 décembre 2019

Active

Véronique Maertens

Director

Active

Ended mandates

Koen verbeke

Managing director · since 01 janvier 2008 · until 30 juin 2012

Ended

Veronique Maertens

Director · since 01 janvier 2008 · until 30 juin 2012

Ended

Annelies verbeke

Director · since 30 juin 2006 · until 12 juin 2012

Ended

Eline Verbeke

Director · since 30 juin 2006 · until 12 juin 2012

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK MAERTENS● Active	0479.049.643
GROEP SANO● Active	0693.862.477

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	30/06/2026	29/08/2025	28/08/2024	20/07/2023	15/07/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	15/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	06/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	14/08/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	13/08/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	26/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	06/07/2010	23/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/07/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	01/08/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	29/06/2007	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 · 2 active · 10 ended

Active mandates

Koen Verbeke

Director · since 18 décembre 2019

Active

Véronique Maertens

Director

Active

Ended mandates

Koen verbeke

Managing director · since 01 janvier 2008 · until 30 juin 2012

Ended

Veronique Maertens

Director · since 01 janvier 2008 · until 30 juin 2012

Ended

Annelies verbeke

Director · since 30 juin 2006 · until 12 juin 2012

Ended

Eline Verbeke

Director · since 30 juin 2006 · until 12 juin 2012

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2019
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares21/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office16/06/2008
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
PDF
Mandates04/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2006
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 2025260,4 k €↑
2024
Annual accounts 2024195,8 k €↓
2023
Annual accounts 2023219,4 k €↓
2022
Annual accounts 2022322,7 k €↑
2021
Annual accounts 2021173,4 k €↑
2018
Annual accounts 2018129,8 k €↑
2017
Annual accounts 201779,4 k €↑
2016
Annual accounts 201614,4 k €↓
2015
Annual accounts 2015126,1 k €↑
2014
Annual accounts 2014113,9 k €↓
2013
Annual accounts 2013183,8 k €↑
2012
Annual accounts 2012127,7 k €↓
2011
Annual accounts 2011139,4 k €↑
2010
Annual accounts 201067,1 k €↑
2009
Annual accounts 200964,8 k €↑
2008
Annual accounts 200837,3 k €↓
2007
Annual accounts 2007114,9 k €↑
2006
Annual accounts 20063,4 k €
14/04/2000
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

VEMAPHAR

Overview

What does VEMAPHAR do?

Trend over 18 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