ACTIVE

V.D.V.B.-IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

882,7 k €

+32.7% YoY

Gross margin

1,5 M €

+22.7% YoY

Equity

2,5 M €

+54.0% YoY

Workforce

0,0 ETP

What does V.D.V.B.-IMMO do?

V.D.V.B.-IMMO is a Private limited company incorporated in 2001. Its main activity is: Buying and selling of own real estate. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.444.994

Incorporation

24/12/2001

Legal form

Private limited company

Registered office

Lippenslaan 101
8300 Knokke-Heist · FlandreSee on map

Contributed capital

14 695,28 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+22.7%	1,3 M €	+12.5%	1,1 M €	+66.5%	672,9 k €	+18.6%	567,2 k €	+327%	132,8 k €	-3.1%	137 k €	+49.4%	91,7 k €	+4.7%	87,6 k €	-23.8%	114,9 k €	+26.6%	90,8 k €	+4.6%	86,7 k €	-8.9%	95,2 k €	-9.5%	105,2 k €	+26.1%	83,4 k €	+1.9%	81,9 k €	-3.8%	85,1 k €	+5.0%	81 k €	+11.9%	72,4 k €
EBITDA	1,5 M €	+24.1%	1,2 M €	+12.0%	1,1 M €	+73.9%	631,5 k €	+13.1%	558,1 k €	+353%	123,2 k €	-5.7%	130,7 k €	+52.4%	85,7 k €	+5.1%	81,6 k €	-25.3%	109,2 k €	+28.7%	84,8 k €	+4.9%	80,9 k €	-9.3%	89,2 k €	-11.8%	101,1 k €	+29.7%	77,9 k €	+2.0%	76,4 k €	-5.7%	81 k €	+4.4%	77,6 k €	+12.2%	69,1 k €
Operating result	1,4 M €	+34.2%	1 M €	+10.6%	912,8 k €	+398%	183,2 k €	-48.4%	355,1 k €	+463%	63 k €	-10.6%	70,5 k €	+176%	25,6 k €	+19.4%	21,4 k €	-58.4%	51,4 k €	+26.7%	40,6 k €	+14.3%	35,5 k €	-16.6%	42,6 k €	-11.4%	48 k €	+258%	13,4 k €	-59.5%	33,1 k €	+61.1%	20,5 k €	-53.7%	44,4 k €	+42.5%	31,1 k €
Net result	882,7 k €	+32.7%	665,4 k €	+18.7%	560,8 k €	+472%	98 k €	-62.1%	258,6 k €	+603%	36,8 k €	-20.8%	46,4 k €	+279%	12,3 k €	+199%	-12,3 k €	-171%	17,3 k €	+368%	3,7 k €	-90.0%	36,8 k €	+534%	5,8 k €	-96.3%	156,1 k €	+632%	-29,4 k €	-149%	-11,8 k €	+49.0%	-23,2 k €	-328%	10,2 k €	+1666%	-649,3 €
Balance sheet
Equity	2,5 M €	+54.0%	1,6 M €	+30.9%	1,2 M €	+81.6%	687,4 k €	+16.6%	589,4 k €	+234%	176,6 k €	+24.5%	141,9 k €	+32.0%	107,5 k €	+12.9%	95,2 k €	-11.5%	107,5 k €	+19.2%	90,3 k €	+4.3%	86,6 k €	-4.9%	91 k €	+6.8%	85,2 k €	+220%	-70,9 k €	-70.6%	-41,6 k €	-39.7%	-29,8 k €	-351%	-6,6 k €	+60.7%	-16,8 k €
Total assets	6,4 M €	+5.5%	6,1 M €	-17.7%	7,4 M €	+8.1%	6,8 M €	+158%	2,6 M €	+234%	792,3 k €	-13.3%	914 k €	-0.6%	919,9 k €	-7.0%	988,7 k €	-3.8%	1 M €	-5.5%	1,1 M €	+4.2%	1 M €	+25.1%	833,6 k €	-10.3%	929,8 k €	+29.4%	718,7 k €	-4.5%	752,7 k €	-5.9%	800,2 k €	+33.8%	598,3 k €	-3.6%	620,8 k €
Cash	486 k €	+405%	96,2 k €	+19.5%	80,5 k €	-11.5%	90,9 k €	-4.5%	95,2 k €	+1289%	6,9 k €	+22.6%	5,6 k €	-71.9%	19,9 k €	+12.4%	17,7 k €	-51.3%	36,4 k €	+185%	12,8 k €	-86.6%	95,2 k €	+833%	10,2 k €	+1567%	612 €	-94.5%	11,1 k €	+3040%	354,8 €	-53.5%	763,8 €	+186%	267 €	-94.7%	5,1 k €
Debts	3,7 M €	-15.2%	4,4 M €	-27.5%	6,1 M €	-0.4%	6,1 M €	+202%	2 M €	+245%	587,4 k €	-21.7%	750,2 k €	-5.5%	793,9 k €	-9.2%	874 k €	-2.9%	900,5 k €	-7.8%	976,7 k €	+4.3%	936,2 k €	+26.1%	742,6 k €	-12.1%	844,6 k €	+7.0%	789,6 k €	-0.6%	794,3 k €	-4.3%	830 k €	+37.2%	604,9 k €	-5.1%	637,6 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Ivan Vandycke

Director

Active

Ended mandates

Hilde Van Belleghem

Manager · since 14 décembre 2001

Ended

Ivan Vandycke

Manager · since 14 décembre 2001

Ended

Hilde Van Belleghem

Director · until 27 novembre 2023

Ended

Hilde Van Belleghem

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Groep Vandycke● Active	1002.999.695
LIVAN PROMOTION● Active	0873.243.983
Vereniging van Mede-eigenaars Residentie Chadwick Knokke-Heist(Knokke) Lippenslaan 101 - Nestor de Tièrestraat 1● Active	0808.997.420
VIANDYBEL● Active	0458.660.243
VVLB● Active	0726.848.516

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	24/07/2026	25/07/2025	12/07/2024	19/06/2023	30/08/2022	31/08/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	09/06/2023	29/08/2022	23/08/2021
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	25/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/06/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	29/08/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	23/08/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	31/08/2019	28/01/2020	Dutch	PDF
Abridged model	31/12/2017	25/09/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	28/08/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	05/08/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	24/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	25/08/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/09/2013	24/10/2013	Dutch	PDF
Abridged modelCorrection	31/12/2011	03/09/2013	03/09/2013	Dutch	PDF
Abridged model	31/12/2011	09/10/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	04/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	26/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 8 ended

Active mandates

Ivan Vandycke

Director

Active

Ended mandates

Hilde Van Belleghem

Manager · since 14 décembre 2001

Ended

Ivan Vandycke

Manager · since 14 décembre 2001

Ended

Hilde Van Belleghem

Director · until 27 novembre 2023

Ended

Hilde Van Belleghem

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring16/01/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/08/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring27/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates18/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/08/2011
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 2025882,7 k €↑
2024
Annual accounts 2024665,4 k €↑
2023
Annual accounts 2023560,8 k €↑
2022
Annual accounts 202298 k €↓
2021
Annual accounts 2021258,6 k €↑
2019
Annual accounts 201936,8 k €↓
2018
Annual accounts 201846,4 k €↑
2017
Annual accounts 201712,3 k €↑
2016
Annual accounts 2016-12,3 k €↓
2015
Annual accounts 201517,3 k €↑
2014
Annual accounts 20143,7 k €↓
2013
Annual accounts 201336,8 k €↑
2012
Annual accounts 20125,8 k €↓
2011
Annual accounts 2011156,1 k €↑
2010
Annual accounts 2010-29,4 k €↓
2009
Annual accounts 2009-11,8 k €↑
2008
Annual accounts 2008-23,2 k €↓
2007
Annual accounts 200710,2 k €↑
2006
Annual accounts 2006-649,3 €
24/12/2001
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

V.D.V.B.-IMMO

Overview

What does V.D.V.B.-IMMO 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