ACTIVE

VLAECO

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Financial year 2025 · closed on 31/12/2025

Net result

-346,7 k €

-582.9% YoY

Gross margin

812,4 k €

Equity

19,2 M €

-1.8% YoY

What does VLAECO do?

VLAECO is a Public limited company incorporated in 2000. Its main activity is: Development of building projects. Its registered office is in Stabroek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.589.830

Incorporation

21/12/2000

Legal form

Public limited company

Registered office

Laageind 91
2940 Stabroek · FlandreSee on map

Contributed capital

10 296 392,09 €

Latest accounts

31/12/2025

Activities (NACE)

41102Development of building projects· main 68122Buying and selling of own real estate 70113Activities of head offices

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	812,4 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		461,6 k €
EBITDA	805,7 k €	-38.5%	1,3 M €	+259%	364,8 k €	+0.4%	363,5 k €	-47.3%	689,4 k €	-50.2%	1,4 M €	+83.0%	756,7 k €	+57.7%	479,9 k €	-47.8%	918,8 k €	+69.6%	541,7 k €	-37.2%	863 k €	+18.4%	728,6 k €	+960%	68,7 k €	-91.0%	765,9 k €	+12.5%	680,7 k €	+1.2%	672,7 k €	-52.1%	1,4 M €	+1375%	95,1 k €	-79.3%	460,6 k €
Operating result	805,7 k €	-38.5%	1,3 M €	+259%	364,8 k €	+0.4%	363,5 k €	-47.3%	689,4 k €	-50.2%	1,4 M €	+83.0%	756,7 k €	+57.7%	479,9 k €	-47.8%	918,8 k €	+69.6%	541,7 k €	-37.2%	863 k €	+18.4%	728,6 k €	+960%	68,7 k €	-91.0%	765,9 k €	+12.5%	680,7 k €	+1.2%	672,7 k €	-52.1%	1,4 M €	+1375%	95,1 k €	-79.3%	460,6 k €
Net result	-346,7 k €	-583%	71,8 k €	-97.0%	2,4 M €	+591%	-491 k €	-637%	91,4 k €	+110%	-896,7 k €	-262%	554 k €	+110%	-5,4 M €	-617%	1 M €	-64.7%	2,9 M €	+459%	526,4 k €	+19489%	-2,7 k €	-100%	5,6 M €	+792%	-808,5 k €	-269%	477,9 k €	-2.8%	491,6 k €	-51.5%	1 M €	+1395%	67,8 k €	-74.9%	270,4 k €
Balance sheet
Equity	19,2 M €	-1.8%	19,5 M €	+0.4%	19,5 M €	+14.1%	17,1 M €	-33.6%	25,7 M €	+0.4%	25,6 M €	-3.4%	26,5 M €	+2.1%	26 M €	-17.2%	31,3 M €	+3.4%	30,3 M €	+10.8%	27,3 M €	+2.0%	26,8 M €	-0.0%	26,8 M €	+1742%	1,5 M €	-35.7%	2,3 M €	+26.7%	1,8 M €	+38.0%	1,3 M €	+359%	282 k €	+31.7%	214,2 k €
Total assets	25 M €	-11.5%	28,2 M €	-13.6%	32,7 M €	+7.4%	30,4 M €	-41.8%	52,3 M €	-9.8%	58 M €	+12.8%	51,4 M €	+5.5%	48,7 M €	-18.3%	59,6 M €	-0.4%	59,9 M €	-27.3%	82,3 M €	+2.8%	80,1 M €	-1.1%	81 M €	-2.7%	83,2 M €	+2627%	3,1 M €	-13.8%	3,5 M €	-18.2%	4,3 M €	+4.3%	4,2 M €	-12.1%	4,7 M €
Cash	1,1 M €	-9.2%	1,3 M €	-26.2%	1,7 M €	+208%	554,4 k €	+66.0%	334 k €	-86.8%	2,5 M €	+72.0%	1,5 M €	+184%	517,7 k €	-24.5%	685,7 k €	+89.7%	361,5 k €	+0.1%	361,2 k €	-79.2%	1,7 M €	+59.1%	1,1 M €	+92.3%	567,1 k €	+75.8%	322,5 k €	+200%	107,3 k €	+129%	46,8 k €	+80.2%	26 k €	+158%	10,1 k €
Debts	5,8 M €	-33.2%	8,7 M €	-34.0%	13,1 M €	-1.6%	13,3 M €	-49.8%	26,6 M €	-17.9%	32,3 M €	+30.0%	24,9 M €	+9.4%	22,7 M €	-19.6%	28,3 M €	-4.4%	29,6 M €	-46.2%	55 M €	+3.2%	53,3 M €	-0.8%	53,7 M €	-34.3%	81,8 M €	+10277%	788,1 k €	-55.1%	1,8 M €	-42.2%	3 M €	-21.6%	3,9 M €	-14.2%	4,5 M €

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 · 34 ended

Active mandates

Nova LaGa

Director · since 28 octobre 2025 · until 09 juin 2028 · 0563.544.462

Represented by Laurence Gacoin

Active

BERT WEEMAES

Director · since 18 septembre 2023 · until 09 juin 2028 · 0537.167.687

Represented by Bert Weemaes

Active

Gregorius Aertssen

Director · since 10 juin 2022 · until 09 juin 2028

Active

Walter Wesenbeek

Director · since 10 juin 2022 · until 09 juin 2028

Active

Ended mandates

Erik De Bruyn

Director · since 30 juin 2022 · until 11 juin 2028

Ended

Filip Cordeel

Director · since 10 juin 2022 · until 09 juin 2028

Ended

Filip Cordeel

Director · since 10 juin 2022 · until 11 juin 2028

Ended

Gregorius Aertssen

Director · since 10 juin 2022 · until 11 juin 2028

Ended

At this address

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AERTSSEN LIFTING● Active	0441.175.794
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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged 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	23/06/2026	17/06/2025	19/06/2024	20/06/2023	16/06/2022	16/06/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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	12/06/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	17/06/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	19/06/2024	Dutch	PDF
Full model	31/12/2022	09/06/2023	20/06/2023	Dutch	PDF
Full model	31/12/2021	10/06/2022	16/06/2022	Dutch	PDF
Full model	31/12/2020	11/06/2021	16/06/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	22/06/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	21/06/2013	Dutch	PDF
Full model	31/12/2011	24/08/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	19/06/2009	Dutch	PDF
Full model	31/12/2007	13/06/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	27/06/2007	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 · 34 ended

Active mandates

Nova LaGa

Director · since 28 octobre 2025 · until 09 juin 2028 · 0563.544.462

Represented by Laurence Gacoin

Active

BERT WEEMAES

Director · since 18 septembre 2023 · until 09 juin 2028 · 0537.167.687

Represented by Bert Weemaes

Active

Gregorius Aertssen

Director · since 10 juin 2022 · until 09 juin 2028

Active

Walter Wesenbeek

Director · since 10 juin 2022 · until 09 juin 2028

Active

Ended mandates

Erik De Bruyn

Director · since 30 juin 2022 · until 11 juin 2028

Ended

Filip Cordeel

Director · since 10 juin 2022 · until 09 juin 2028

Ended

Filip Cordeel

Director · since 10 juin 2022 · until 11 juin 2028

Ended

Gregorius Aertssen

Director · since 10 juin 2022 · until 11 juin 2028

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/01/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2019
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

2025
Annual accounts 2025-346,7 k €↓
28/10/2025
nominationNova LaGa BV — bestuurder
2024
Annual accounts 202471,8 k €↓
14/06/2024
reconductionDeloitte Bedrijfsrevisoren BV — commissaris
14/06/2024
nominationBen Vandeweyer — vertegenwoordiger van de commissaris
2023
Annual accounts 20232,4 M €↑
18/09/2023
nominationBert Weemaes BV — bestuurder
2022
Annual accounts 2022-491 k €↓
30/06/2022
nominationErik De Bruyn — bestuurder
10/06/2022
reconductionGregorius Aertssen — bestuurder
10/06/2022
reconductionWalter Wesenbeek — bestuurder
10/06/2022
reconductionFilip Cordeel — bestuurder
10/06/2022
reconductionPaul Ivens — bestuurder
01/01/2022
nominationBen Vandeweyer — vaste vertegenwoordiger van de commissaris
2021
Annual accounts 202191,4 k €↑
2020
Annual accounts 2020-896,7 k €↓
2019
Annual accounts 2019554 k €↑
2018
Annual accounts 2018-5,4 M €↓
2017
Annual accounts 20171 M €↓
2016
Annual accounts 20162,9 M €↑
2015
Annual accounts 2015526,4 k €↑
2014
Annual accounts 2014-2,7 k €↓
2013
Annual accounts 20135,6 M €↑
2011
Annual accounts 2011-808,5 k €↓
2010
Annual accounts 2010477,9 k €↓
2010
Name changeVlaeco NV
2009
Annual accounts 2009491,6 k €↓
2008
Annual accounts 20081 M €↑
2007
Annual accounts 200767,8 k €↓
2006
Annual accounts 2006270,4 k €
2006
Name changeNIEUW TEMSE RESIDENTIAL
21/12/2000
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

VLAECO

Overview

What does VLAECO do?

Trend over 19 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