ACTIVE

VD CABLING

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Financial year 2025 · closed on 31/12/2025

Net result

113,3 k €

-45.3% YoY

Revenue

10,6 M €

+3.6% YoY

Equity

3,5 M €

+3.2% YoY

Workforce

124,9 ETP

+16.4% YoY

What does VD CABLING do?

VD CABLING is a Public limited company incorporated in 2000. Its main activity is: Electrical installation. Its registered office is in Herstal. It employs on average 124,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.775.732

Incorporation

27/04/2000

Legal form

Public limited company

Registered office

Parc Ind. des Hauts Sarts, 1e av 87
4040 Herstal · Wallonie

Contributed capital

79 800,00 €

Latest accounts

31/12/2025

Average workforce

124,9 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (3)

14901
200
218

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2006
Income statement
Revenue	10,6 M €	+3.6%	10,3 M €	+4.6%	9,8 M €	+12.1%	8,8 M €	+6.2%	8,3 M €	+29.6%	6,4 M €	-18.0%	7,8 M €	-13.3%	9 M €	+10.1%	8,1 M €	+4.4%	7,8 M €	+22.9%	6,3 M €	+18.1%	5,4 M €	-11.6%	6,1 M €	-11.6%	6,9 M €	-18.1%	8,4 M €		–		–		–
EBITDA	1,2 M €	-3.1%	1,2 M €	+38.8%	870,9 k €	+3.9%	838,5 k €	-24.7%	1,1 M €	+120%	506,8 k €	-48.9%	992,5 k €	-23.7%	1,3 M €	+21.7%	1,1 M €	-18.1%	1,3 M €	+53.6%	849,5 k €	+15.1%	738,2 k €	+40.7%	524,5 k €	-40.4%	879,6 k €	-55.4%	2 M €	+75.5%	1,1 M €	+17.1%	960,2 k €	+339%	218,6 k €
Operating result	343 k €	-13.1%	394,9 k €	+202%	130,9 k €	-20.5%	164,6 k €	-62.4%	438,1 k €	+585%	-90,3 k €	-146%	196,2 k €	-73.6%	744,4 k €	+10.0%	676,7 k €	-34.5%	1 M €	+59.4%	648,2 k €	+27.9%	506,8 k €	+136%	214,4 k €	-55.6%	483,1 k €	-68.9%	1,6 M €	+172%	570 k €	-0.2%	571,4 k €	+1315%	40,4 k €
Net result	113,3 k €	-45.3%	207,3 k €	+907%	20,6 k €	-85.2%	138,6 k €	-65.3%	400 k €	+352%	-158,9 k €	-176%	208,8 k €	-58.3%	500,8 k €	+14.7%	436,5 k €	-34.7%	668,9 k €	+39.0%	481,3 k €	+55.0%	310,5 k €	+138%	-824,2 k €	-604%	163,5 k €	-81.5%	882,1 k €	+212%	283,1 k €	-6.2%	301,9 k €	+620%	42 k €
Balance sheet
Equity	3,5 M €	+3.2%	3,4 M €	+1.6%	3,3 M €	+0.4%	3,3 M €	+4.2%	3,2 M €	+10.1%	2,9 M €	-5.5%	3 M €	+8.9%	2,8 M €	+22.1%	2,3 M €	+23.3%	1,9 M €	+55.7%	1,2 M €	+17.2%	1 M €	+39.7%	728,1 k €	-52.9%	1,5 M €	-3.7%	1,6 M €	+122%	723,1 k €	+12.9%	640,3 k €	-32.1%	943,5 k €
Total assets	10,1 M €	+5.6%	9,6 M €	+0.2%	9,5 M €	+4.8%	9,1 M €	+5.4%	8,6 M €	+12.3%	7,7 M €	-1.7%	7,8 M €	-1.3%	7,9 M €	+44.1%	5,5 M €	+3.4%	5,3 M €	+22.1%	4,4 M €	+10.8%	3,9 M €	-6.0%	4,2 M €	-26.5%	5,7 M €	+46.7%	3,9 M €	-1.8%	4 M €	+21.8%	3,2 M €	+88.5%	1,7 M €
Cash	761,3 k €	-37.8%	1,2 M €	+167%	459,3 k €	-14.5%	537,4 k €	+90.3%	282,4 k €	+14.5%	246,5 k €	-51.9%	512,2 k €	+410%	100,4 k €	-77.0%	435,5 k €	-48.9%	852 k €	+478%	147,3 k €	-17.5%	178,6 k €	-17.7%	217,1 k €	+6136%	3,5 k €	-99.7%	1,1 M €	+638%	142,9 k €	-14.5%	167,1 k €	+7466%	2,2 k €
Debts	6,5 M €	+5.1%	6,2 M €	-0.5%	6,2 M €	+7.4%	5,8 M €	+6.6%	5,4 M €	+12.9%	4,8 M €	+0.7%	4,8 M €	-6.4%	5,1 M €	+59.1%	3,2 M €	-5.7%	3,4 M €	+7.9%	3,2 M €	+8.8%	2,9 M €	-15.8%	3,4 M €	-16.7%	4,1 M €	+82.0%	2,3 M €	-27.8%	3,1 M €	+21.1%	2,6 M €	+278%	689,1 k €
Other
Workforce	124,9 ETP	+16.4%	107,3 ETP	0.0%	107,3 ETP	+1.3%	105,9 ETP	+15.2%	91,9 ETP	+85.3%	49,6 ETP	-12.5%	56,7 ETP	-22.3%	73,0 ETP	-7.2%	78,7 ETP	+3.1%	76,3 ETP	+22.1%	62,5 ETP	+9.8%	56,9 ETP	-2.7%	58,5 ETP	-12.3%	66,7 ETP	-16.0%	79,4 ETP	-14.3%	92,6 ETP	+81.6%	51,0 ETP	+56.0%	32,7 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 31/12/2025 · 3 active · 23 ended

Active mandates

VD CONSULTING

Managing director · since 01 février 2025 · until 30 avril 2030 · 0898.186.346

Represented by DANIEL VERHOEVEN

Active

Daniel VERHOEVEN

Director · since 01 janvier 2014 · until 31 janvier 2025

Active

KEVIN VERHOEVEN

Director · since 01 avril 2012 · until 30 juin 2028

Active

Ended mandates

DANIEL VERHOEVEN

Director · since 20 mai 2022 · until 20 mai 2028

Ended

KEVIN VERHOEVEN

Director · since 20 mai 2022 · until 20 mai 2028

Ended

DANIEL VERHOEVEN

Director · since 20 mai 2016 · until 20 mai 2022

Ended

DANIEL VERHOEVEN

Managing director · since 20 mai 2016 · until 20 mai 2022

Ended

Annual accounts

Full financial information

	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	29/05/2026	16/05/2025	25/07/2024	28/07/2023	13/05/2022	23/07/2021
General meeting	07/04/2026	07/04/2025	22/04/2024	03/04/2023	04/04/2022	06/04/2021
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
Full model	31/12/2025	07/04/2026	29/05/2026	French	PDF
Full model	31/12/2024	07/04/2025	16/05/2025	French	PDF
Full model	31/12/2023	22/04/2024	25/07/2024	French	PDF
Full model	31/12/2022	03/04/2023	28/07/2023	French	PDF
Full model	31/12/2021	04/04/2022	13/05/2022	French	PDF
Full model	31/12/2020	06/04/2021	23/07/2021	French	PDF
Full model	31/12/2019	01/12/2020	05/01/2021	French	PDF
Full model	31/12/2018	29/04/2019	19/08/2019	French	PDF
Full model	31/12/2017	03/04/2018	22/06/2018	French	PDF
Full model	31/12/2016	24/04/2017	26/06/2017	French	PDF
Full model	31/12/2015	19/05/2016	31/05/2016	French	PDF
Full model	31/12/2014	12/11/2015	03/12/2015	French	PDF
Full model	31/12/2013	03/10/2014	08/12/2014	French	PDF
Full model	31/12/2012	19/02/2014	05/03/2014	French	PDF
Full model	31/12/2011	30/06/2012	18/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	09/09/2011	French	PDF
Abridged model	31/12/2009	06/04/2010	23/09/2010	French	PDF
Abridged model	31/12/2008	24/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	25/06/2008	22/07/2008	French	PDF
Abridged model	31/12/2006	02/04/2007	25/06/2007	French	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 31/12/2025 · 3 active · 23 ended

Active mandates

VD CONSULTING

Managing director · since 01 février 2025 · until 30 avril 2030 · 0898.186.346

Represented by DANIEL VERHOEVEN

Active

Daniel VERHOEVEN

Director · since 01 janvier 2014 · until 31 janvier 2025

Active

KEVIN VERHOEVEN

Director · since 01 avril 2012 · until 30 juin 2028

Active

Ended mandates

DANIEL VERHOEVEN

Director · since 20 mai 2022 · until 20 mai 2028

Ended

KEVIN VERHOEVEN

Director · since 20 mai 2022 · until 20 mai 2028

Ended

DANIEL VERHOEVEN

Director · since 20 mai 2016 · until 20 mai 2022

Ended

DANIEL VERHOEVEN

Managing director · since 20 mai 2016 · until 20 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/01/2023
DEMISSIONS, NOMINATIONS
PDF
Other04/11/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
PDF
Restructuring20/09/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring06/09/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates21/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2018
DEMISSIONS, NOMINATIONS
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 2025113,3 k €↓
2024
Annual accounts 2024207,3 k €↑
2023
Annual accounts 202320,6 k €↓
2022
Annual accounts 2022138,6 k €↓
2021
Annual accounts 2021400 k €↑
2020
Annual accounts 2020-158,9 k €↓
2019
Annual accounts 2019208,8 k €↓
2018
Annual accounts 2018500,8 k €↑
2017
Annual accounts 2017436,5 k €↓
2016
Annual accounts 2016668,9 k €↑
2015
Annual accounts 2015481,3 k €↑
2014
Annual accounts 2014310,5 k €↑
2013
Annual accounts 2013-824,2 k €↓
2012
Annual accounts 2012163,5 k €↓
2011
Annual accounts 2011882,1 k €↑
2010
Annual accounts 2010283,1 k €↓
2009
Annual accounts 2009301,9 k €↑
2006
Annual accounts 200642 k €
27/04/2000
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

VD CABLING

Overview

What does VD CABLING do?

Trend over 18 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