ACTIVE

VANDENBUSSCHE STEPHANE ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

273,5 k €

+20.3% YoY

Gross margin

754,1 k €

+7.8% YoY

Equity

2,1 M €

+15.2% YoY

Workforce

2,7 ETP

-100.0% YoY

What does VANDENBUSSCHE STEPHANE ENGINEERING do?

VANDENBUSSCHE STEPHANE ENGINEERING is a Private limited company incorporated in 2002. Its main activity is: Electrical installation. Its registered office is in Moorslede. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.468.138

Incorporation

02/10/2002

Legal form

Private limited company

Registered office

Meensesteenweg 193
8890 Moorslede · FlandreSee on map

Contributed capital

319 000,00 €

Latest accounts

31/12/2025

Average workforce

2,7 ETP

Activities (NACE)

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

Joint committees (1)

14901

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	754,1 k €	+7.8%	699,3 k €	+25.1%	558,8 k €	+45.4%	384,5 k €	-38.7%	627,5 k €	+22.8%	510,9 k €	-13.2%	588,8 k €	-11.6%	666,1 k €	+20.4%	553,2 k €	+20.1%	460,8 k €	+9.2%	422 k €	+13.5%	371,9 k €	-15.7%	441,4 k €	+56.0%	283 k €	-15.9%	336,4 k €	-8.6%	368,1 k €	+23.6%	297,9 k €	-28.5%	416,6 k €	+4.3%	399,5 k €	+242%	116,8 k €
EBITDA	571,5 k €	+8.1%	528,5 k €	+10.7%	477,4 k €	+77.7%	268,7 k €	-45.8%	495,7 k €	+33.2%	372,1 k €	-14.8%	436,7 k €	-15.2%	515,2 k €	+36.4%	377,6 k €	+20.4%	313,7 k €	+12.9%	277,9 k €	+30.9%	212,3 k €	-14.3%	247,7 k €	+24.1%	199,6 k €	-15.3%	235,8 k €	-11.4%	266,2 k €	+23.5%	215,5 k €	-33.1%	322,1 k €	+0.9%	319,2 k €	+322%	75,6 k €
Operating result	448,6 k €	+16.2%	386,1 k €	+10.3%	349,9 k €	+113%	163,9 k €	-57.9%	389,7 k €	+42.3%	273,8 k €	-15.6%	324,3 k €	-20.6%	408,6 k €	+47.1%	277,8 k €	+18.3%	234,8 k €	+17.0%	200,6 k €	+162%	76,5 k €	-43.9%	136,3 k €	-2.8%	140,2 k €	-22.1%	179,9 k €	-14.1%	209,5 k €	+22.1%	171,6 k €	-38.6%	279,3 k €	+0.0%	279,3 k €	+645%	37,5 k €
Net result	273,5 k €	+20.3%	227,3 k €	+3.7%	219,1 k €	+123%	98,4 k €	-65.5%	285,5 k €	+63.4%	174,7 k €	-14.9%	205,4 k €	-23.6%	268,7 k €	+67.5%	160,4 k €	+18.4%	135,5 k €	-2.6%	139,1 k €	+355%	30,5 k €	-65.2%	87,7 k €	+7.6%	81,5 k €	-27.3%	112,1 k €	-15.5%	132,7 k €	+31.0%	101,3 k €	-41.9%	174,4 k €	-1.9%	177,7 k €	+817%	19,4 k €
Balance sheet
Equity	2,1 M €	+15.2%	1,8 M €	+5.9%	1,7 M €	+3.6%	1,6 M €	-6.7%	1,8 M €	+7.3%	1,6 M €	+11.9%	1,5 M €	+15.6%	1,3 M €	+19.2%	1,1 M €	+13.4%	937,5 k €	+11.2%	843 k €	+14.4%	737 k €	+4.3%	706,4 k €	+3.1%	685,5 k €	+13.5%	603,9 k €	+22.8%	491,8 k €	+36.9%	359,1 k €	-21.6%	457,8 k €	+61.5%	283,4 k €	+168%	105,7 k €
Total assets	3,2 M €	+2.7%	3,1 M €	+6.9%	2,9 M €	+0.4%	2,9 M €	+4.1%	2,8 M €	+7.2%	2,6 M €	+1.5%	2,6 M €	+3.3%	2,5 M €	+46.7%	1,7 M €	+19.6%	1,4 M €	+7.4%	1,3 M €	+16.2%	1,1 M €	-1.8%	1,2 M €	+2.2%	1,1 M €	+5.3%	1,1 M €	+6.2%	1 M €	+10.2%	917,1 k €	+2.6%	893,9 k €	+30.5%	685,2 k €	+59.7%	429 k €
Cash	527,7 k €	+70.6%	309,3 k €	+313%	74,9 k €	-70.0%	250 k €	-42.6%	435,6 k €	+32.5%	328,8 k €	-3.4%	340,2 k €	+10.6%	307,6 k €	-7.4%	332,2 k €	-30.6%	478,7 k €	+25.7%	380,7 k €	+42.6%	267 k €	-25.7%	359,3 k €	+44.5%	248,7 k €	-17.1%	299,8 k €	+0.3%	298,9 k €	-24.7%	396,9 k €	-4.3%	414,9 k €	+109%	198,6 k €	+690%	25,2 k €
Debts	1,1 M €	-14.7%	1,3 M €	+8.3%	1,2 M €	-3.8%	1,3 M €	+22.5%	1 M €	+7.0%	962,4 k €	-12.5%	1,1 M €	-9.5%	1,2 M €	+93.1%	629,5 k €	+31.7%	477,9 k €	+0.7%	474,6 k €	+21.3%	391,3 k €	-12.3%	446,1 k €	+2.1%	437 k €	-5.1%	460,4 k €	-10.2%	512,6 k €	-8.1%	557,5 k €	+28.0%	435,5 k €	+8.9%	399,9 k €	+24.4%	321,6 k €
Other
Workforce	2,7 ETP	-100.0%	160 143,8 ETP	+16014280%	1,0 ETP	-44.4%	1,8 ETP	-28.0%	2,5 ETP	-10.7%	2,8 ETP	-3.4%	2,9 ETP	-3.3%	3,0 ETP	0.0%	3,0 ETP	-25.0%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 ETP	0.0%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	-15.0%	2,0 ETP	+5.3%	1,9 ETP	+90.0%	1,0 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 · 2 active · 2 ended

Active mandates

Kathy Godderis

Director · since 01 janvier 2013

Active

Stéphane Vandenbussche

Director · since 20 septembre 2002

Active

Ended mandates

Kathy Godderis

Manager · since 01 janvier 2013

Ended

Stéphane Vandenbussche

Manager · since 20 septembre 2002

Ended

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	31/07/2026	08/07/2025	30/07/2024	23/08/2023	13/07/2022	12/07/2021
General meeting	15/05/2026	15/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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	15/05/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	23/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	12/07/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	09/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	25/05/2007	Dutch	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 · 2 active · 2 ended

Active mandates

Kathy Godderis

Director · since 01 janvier 2013

Active

Stéphane Vandenbussche

Director · since 20 septembre 2002

Active

Ended mandates

Kathy Godderis

Manager · since 01 janvier 2013

Ended

Stéphane Vandenbussche

Manager · since 20 septembre 2002

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2025
DOEL
PDF
Mandates03/11/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office19/12/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other09/10/2002
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025273,5 k €↑
2024
Annual accounts 2024227,3 k €↑
2023
Annual accounts 2023219,1 k €↑
2022
Annual accounts 202298,4 k €↓
2021
Annual accounts 2021285,5 k €↑
2020
Annual accounts 2020174,7 k €↓
2019
Annual accounts 2019205,4 k €↓
2018
Annual accounts 2018268,7 k €↑
2017
Annual accounts 2017160,4 k €↑
2016
Annual accounts 2016135,5 k €↓
2015
Annual accounts 2015139,1 k €↑
2014
Annual accounts 201430,5 k €↓
2013
Annual accounts 201387,7 k €↑
2012
Annual accounts 201281,5 k €↓
2011
Annual accounts 2011112,1 k €↓
2010
Annual accounts 2010132,7 k €↑
2009
Annual accounts 2009101,3 k €↓
2008
Annual accounts 2008174,4 k €↓
2007
Annual accounts 2007177,7 k €↑
2006
Annual accounts 200619,4 k €
02/10/2002
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

VANDENBUSSCHE STEPHANE ENGINEERING

Overview

What does VANDENBUSSCHE STEPHANE ENGINEERING do?

Trend over 20 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