ACTIVE

VACO

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Financial year 2025 · closed on 31/12/2025

Net result

240,7 k €

+233.1% YoY

Gross margin

713,9 k €

+44.3% YoY

Equity

1,6 M €

+17.3% YoY

Workforce

3,8 ETP

-17.4% YoY

What does VACO do?

VACO is a Public limited company incorporated in 2001. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Sint-Pieters-Leeuw. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.475.696

Incorporation

03/04/2001

Legal form

Public limited company

Registered office

Slesbroekstraat 97
1600 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

459 300,00 €

Latest accounts

31/12/2025

Average workforce

3,8 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51872Air transport 51873Air transport 68100Buying and selling of own real estate 68110Buying and selling of own real estate+1

Joint committees (5)

149
14904
200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ 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	713,9 k €	+44.3%	494,6 k €	+0.1%	494,2 k €	-0.0%	494,4 k €	-26.1%	669,3 k €	+56.8%	426,9 k €	+16.3%	367 k €	-16.9%	441,8 k €	+8.0%	409,1 k €	+32.8%	308 k €	-8.0%	334,7 k €	-0.1%	335 k €	+7.2%	312,4 k €	+0.8%	309,8 k €	+17.3%	264 k €	+138%	110,9 k €	+37.8%	80,5 k €	+12.3%	71,6 k €
EBITDA	467 k €	+85.3%	252,1 k €	+35.7%	185,8 k €	-1.8%	189,1 k €	-54.6%	416,9 k €	+69.8%	245,6 k €	+54.6%	158,8 k €	-32.0%	233,6 k €	-5.5%	247,2 k €	+101%	123 k €	+4.0%	118,3 k €	-28.7%	165,9 k €	+18.8%	139,7 k €	-14.3%	163,1 k €	-5.1%	171,9 k €	+146%	69,9 k €	+4.3%	67 k €	-2.2%	68,5 k €
Operating result	377,2 k €	+168%	141 k €	+86.8%	75,5 k €	-11.3%	85,1 k €	-72.8%	312,6 k €	+108%	150 k €	+119%	68,4 k €	-59.5%	169 k €	+17.3%	144,1 k €	+181%	51,2 k €	-17.2%	61,8 k €	-47.4%	117,5 k €	+27.8%	92 k €	-21.5%	117,2 k €	-12.0%	133,2 k €	+285%	34,6 k €	-7.3%	37,3 k €	-10.3%	41,6 k €
Net result	240,7 k €	+233%	72,2 k €	+364%	15,6 k €	-66.5%	46,6 k €	-78.0%	211,6 k €	+180%	75,6 k €	+502%	12,6 k €	-84.5%	80,9 k €	+19.0%	68 k €	+151%	27,1 k €	-13.8%	31,4 k €	-36.2%	49,2 k €	+88.8%	26,1 k €	-26.0%	35,2 k €	-35.4%	54,5 k €	+301%	13,6 k €	-44.4%	24,5 k €	-3.0%	25,2 k €
Balance sheet
Equity	1,6 M €	+17.3%	1,4 M €	+5.5%	1,3 M €	+1.2%	1,3 M €	+3.7%	1,3 M €	+50.1%	834,4 k €	+10.0%	758,8 k €	+1.7%	746,3 k €	+12.2%	665,4 k €	+11.4%	597,4 k €	+45.3%	411 k €	-26.2%	556,6 k €	+9.7%	507,4 k €	+5.4%	481,3 k €	+7.9%	446,1 k €	+13.9%	391,5 k €	+3.6%	377,9 k €	+6.9%	353,5 k €
Total assets	3,1 M €	-9.0%	3,4 M €	-6.7%	3,7 M €	-10.9%	4,1 M €	+10.6%	3,7 M €	+32.8%	2,8 M €	-3.8%	2,9 M €	+11.0%	2,6 M €	+3.6%	2,5 M €	-0.4%	2,5 M €	+2.3%	2,5 M €	-7.2%	2,7 M €	+1.6%	2,6 M €	+8.8%	2,4 M €	-1.1%	2,4 M €	+3.6%	2,4 M €	+4.6%	2,3 M €	+41.7%	1,6 M €
Cash	476,7 k €	+29.5%	368,1 k €	+148%	148,3 k €	+15.1%	128,8 k €	-52.2%	269,4 k €	+118%	123,4 k €	-24.2%	163 k €	-10.1%	181,3 k €	-5.2%	191,1 k €	+68.7%	113,3 k €	-36.5%	178,4 k €	+31.9%	135,3 k €	-41.7%	232 k €	-41.3%	395,5 k €	+41.1%	280,2 k €	+225%	86,2 k €	+56.2%	55,2 k €	-32.1%	81,3 k €
Debts	1,4 M €	-25.5%	1,9 M €	-13.5%	2,2 M €	-10.3%	2,5 M €	+11.4%	2,2 M €	+23.5%	1,8 M €	-9.4%	2 M €	+15.6%	1,7 M €	-0.8%	1,7 M €	-1.1%	1,8 M €	-9.1%	1,9 M €	-3.2%	2 M €	+3.0%	1,9 M €	+5.8%	1,8 M €	-2.5%	1,9 M €	+0.5%	1,9 M €	+3.6%	1,8 M €	+50.6%	1,2 M €
Other
Workforce	3,8 ETP	-17.4%	4,6 ETP	-22.0%	5,9 ETP	0.0%	5,9 ETP	+5.4%	5,6 ETP	+80.6%	3,1 ETP	-18.4%	3,8 ETP	0.0%	3,8 ETP	+15.2%	3,3 ETP	-15.4%	3,9 ETP	-7.1%	4,2 ETP	+13.5%	3,7 ETP	-11.9%	4,2 ETP	+27.3%	3,3 ETP	+57.1%	2,1 ETP	+163%	0,8 ETP	0.0%	0,8 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 · 3 active · 28 ended

Active mandates

Godelieve Van Roy

Managing director

Active

Samuel MOX

Director

Active

Thomas MOX

Director

Active

Ended mandates

Godelieve Van Roy

Managing director · since 01 décembre 2017

Ended

Godelieve VAN ROY

Managing director · since 01 décembre 2017 · until 01 juin 2023

Ended

HV CONSULT

Director · since 01 décembre 2017 · until 01 juin 2023 · 0472.430.382

Represented by Lieve Van Roy

Ended

HV CONSULT

Director · since 01 décembre 2017 · 0472.430.382

Represented by Godelieve Van Roy

Ended

At this address

Other companies at this address

Company	CBE no.
Foundation for Resaerch and Functionnality● Liquidation	0449.236.494
MOCO● Liquidation	0444.371.648

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	31/08/2026	30/08/2025	30/08/2024	31/08/2023	29/08/2022	25/10/2021
General meeting	01/06/2026	02/06/2025	28/06/2024	05/06/2023	06/06/2022	07/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	30/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	25/10/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	24/09/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	25/06/2019	Dutch	PDF
Abridged modelCorrection	31/12/2017	04/06/2018	22/08/2018	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	30/07/2007	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 · 3 active · 28 ended

Active mandates

Godelieve Van Roy

Managing director

Active

Samuel MOX

Director

Active

Thomas MOX

Director

Active

Ended mandates

Godelieve Van Roy

Managing director · since 01 décembre 2017

Ended

Godelieve VAN ROY

Managing director · since 01 décembre 2017 · until 01 juin 2023

Ended

HV CONSULT

Director · since 01 décembre 2017 · until 01 juin 2023 · 0472.430.382

Represented by Lieve Van Roy

Ended

HV CONSULT

Director · since 01 décembre 2017 · 0472.430.382

Represented by Godelieve Van Roy

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/04/2014
KAPITAAL - AANDELEN
PDF
Mandates16/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2012
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office12/09/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2010
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 2025240,7 k €↑
2024
Annual accounts 202472,2 k €↑
2023
Annual accounts 202315,6 k €↓
2022
Annual accounts 202246,6 k €↓
2021
Annual accounts 2021211,6 k €↑
2018
Annual accounts 201875,6 k €↑
2017
Annual accounts 201712,6 k €↓
2016
Annual accounts 201680,9 k €↑
2015
Annual accounts 201568 k €↑
2014
Annual accounts 201427,1 k €↓
2013
Annual accounts 201331,4 k €↓
2012
Annual accounts 201249,2 k €↑
2011
Annual accounts 201126,1 k €↓
2010
Annual accounts 201035,2 k €↓
2009
Annual accounts 200954,5 k €↑
2008
Annual accounts 200813,6 k €↓
2007
Annual accounts 200724,5 k €↓
2006
Annual accounts 200625,2 k €
03/04/2001
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

VACO

Overview

What does VACO 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