ACTIVE

VERCODRA

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Financial year 2025 · closed on 30/09/2025

Net result

76,4 k €

-29.4% YoY

Gross margin

123,9 k €

-28.2% YoY

Equity

652,5 k €

-6.8% YoY

What does VERCODRA do?

VERCODRA is a Private limited company incorporated in 2002. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Zonnebeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.504.166

Incorporation

07/10/2002

Legal form

Private limited company

Registered office

De Voerman 30
8980 Zonnebeke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 25110Manufacture of metal structures and parts of structures 25110Manufacture of metal structures and parts of structures

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	123,9 k €	-28.2%	172,4 k €	+16.1%	148,5 k €	+41.6%	104,9 k €	-27.8%	145,3 k €	+54.7%	93,9 k €	+19.2%	78,8 k €	-57.4%	185 k €	+64.2%	112,6 k €	+13.5%	99,3 k €	+40.5%	70,6 k €	+6.3%	66,4 k €	-45.6%	122,1 k €	+44.9%	84,2 k €	-22.2%	108,3 k €	+15.0%	94,2 k €	-18.1%	115 k €	-22.9%	149,1 k €	+9.8%	135,8 k €
EBITDA	119,4 k €	-28.9%	168 k €	+16.0%	144,8 k €	+41.4%	102,4 k €	-27.8%	141,9 k €	+57.2%	90,3 k €	+19.0%	75,9 k €	-58.3%	181,9 k €	+66.5%	109,2 k €	+13.2%	96,5 k €	+42.8%	67,6 k €	+6.8%	63,3 k €	-47.3%	120 k €	+44.5%	83,1 k €	-22.0%	106,5 k €	+15.6%	92,1 k €	-18.8%	113,4 k €	-23.1%	147,4 k €	+10.6%	133,3 k €
Operating result	95,1 k €	-36.2%	149 k €	+13.9%	130,8 k €	+50.3%	87,1 k €	-30.4%	125,1 k €	+88.1%	66,5 k €	+26.0%	52,8 k €	-65.7%	153,7 k €	+104%	75,3 k €	+8.2%	69,5 k €	+70.9%	40,7 k €	+17.7%	34,6 k €	+29.8%	26,6 k €	-50.3%	53,6 k €	-20.7%	67,6 k €	+21.7%	55,6 k €	-44.0%	99,2 k €	-23.0%	128,9 k €	+51.2%	85,3 k €
Net result	76,4 k €	-29.4%	108,1 k €	+6.4%	101,6 k €	+168%	37,9 k €	-58.2%	90,6 k €	+117%	41,8 k €	+36.8%	30,6 k €	-67.2%	93,1 k €	+83.6%	50,7 k €	+32.4%	38,3 k €	+64.6%	23,3 k €	+13.2%	20,6 k €	+14.0%	18 k €	-51.4%	37,1 k €	-22.0%	47,6 k €	+39.6%	34,1 k €	-49.8%	68 k €	-28.7%	95,5 k €	+32.4%	72,1 k €
Balance sheet
Equity	652,5 k €	-6.8%	700 k €	+18.2%	592,4 k €	+2.0%	580,8 k €	+6.3%	546,5 k €	-13.4%	631,3 k €	+6.8%	591,1 k €	+5.3%	561,4 k €	+19.7%	468,9 k €	+12.1%	418,3 k €	+10.1%	380 k €	+8.4%	350,5 k €	-2.6%	359,8 k €	+5.3%	341,8 k €	+12.2%	304,7 k €	+18.5%	257 k €	-20.4%	322,9 k €	+26.7%	254,9 k €	+59.9%	159,4 k €
Total assets	757,4 k €	-7.3%	817,3 k €	+11.8%	731,1 k €	+4.7%	698,5 k €	+7.5%	650 k €	-14.2%	757,1 k €	+6.1%	713,4 k €	-7.2%	768,4 k €	+13.5%	676,7 k €	+0.2%	675,5 k €	+18.1%	571,8 k €	+0.5%	568,8 k €	+1.3%	561,6 k €	+0.7%	557,6 k €	+17.8%	473,3 k €	+0.2%	472,4 k €	+13.9%	414,7 k €	+6.2%	390,5 k €	+38.6%	281,8 k €
Cash	415,3 k €	+226%	127,2 k €	-35.5%	197,1 k €	-39.3%	324,7 k €	+15.8%	280,5 k €	+28.8%	217,7 k €	+19.0%	182,9 k €	-21.7%	233,7 k €	+4.7%	223,2 k €	-23.2%	290,7 k €	+86.7%	155,7 k €	-16.0%	185,3 k €	-8.8%	203,3 k €	-6.6%	217,6 k €	+0.7%	216,1 k €	-25.7%	291 k €	-19.2%	360 k €	+192%	123,1 k €	-4.8%	129,3 k €
Debts	103,9 k €	-11.3%	117,1 k €	-1.8%	119,3 k €	+2.2%	116,8 k €	+15.6%	101,1 k €	-18.8%	124,4 k €	+2.8%	121,1 k €	-40.9%	204,8 k €	+0.6%	203,5 k €	-17.6%	246,9 k €	+36.3%	181,1 k €	-12.3%	206,6 k €	+8.2%	190,9 k €	-7.5%	206,3 k €	+29.3%	159,5 k €	-24.4%	210,9 k €	+144%	86,3 k €	-33.7%	130,2 k €	+8.7%	119,8 k €

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 30/09/2025 · 1 active · 5 ended

Active mandates

Wim Vervaeke

Director

Active

Ended mandates

Wim VERVAEKE

Manager · since 25 mars 2020

Ended

Wim Vervaeke

Director · since 14 octobre 2002

Ended

Wim Vervaeke

Manager · since 25 septembre 2002

Ended

Wim Vervaeke

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	29/04/2025	30/04/2024	02/05/2023	29/04/2022	25/05/2021
General meeting	31/03/2026	31/03/2025	31/03/2024	08/04/2023	12/04/2022	09/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	31/03/2025	29/04/2025	Dutch	PDF
Micro model	30/09/2023	31/03/2024	30/04/2024	Dutch	PDF
Micro model	30/09/2022	08/04/2023	02/05/2023	Dutch	PDF
Micro model	30/09/2021	12/04/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	09/03/2021	25/05/2021	Dutch	PDF
Abridged model	30/09/2019	30/12/2019	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	18/12/2018	31/01/2019	Dutch	PDF
Abridged model	30/09/2017	28/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	09/03/2017	24/03/2017	Dutch	PDF
Abridged model	30/09/2015	10/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	12/03/2015	17/03/2015	Dutch	PDF
Abridged model	30/09/2013	13/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	14/03/2013	27/03/2013	Dutch	PDF
Abridged model	30/09/2011	08/03/2012	23/03/2012	Dutch	PDF
Abridged model	30/09/2010	10/03/2011	04/04/2011	Dutch	PDF
Abridged model	30/09/2009	11/03/2010	15/03/2010	Dutch	PDF
Abridged model	30/09/2008	12/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	13/03/2008	01/04/2008	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 30/09/2025 · 1 active · 5 ended

Active mandates

Wim Vervaeke

Director

Active

Ended mandates

Wim VERVAEKE

Manager · since 25 mars 2020

Ended

Wim Vervaeke

Director · since 14 octobre 2002

Ended

Wim Vervaeke

Manager · since 25 septembre 2002

Ended

Wim Vervaeke

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/05/2014
KAPITAAL - AANDELEN
PDF
Restructuring16/04/2007
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - KAPITAAL - AANDELEN
PDF
Capital / shares22/01/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring18/12/2006
DIVERSEN - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other14/10/2002
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 202576,4 k €↓
2024
Annual accounts 2024108,1 k €↑
2023
Annual accounts 2023101,6 k €↑
2022
Annual accounts 202237,9 k €↓
2021
Annual accounts 202190,6 k €↑
2020
Annual accounts 202041,8 k €↑
2019
Annual accounts 201930,6 k €↓
2018
Annual accounts 201893,1 k €↑
2017
Annual accounts 201750,7 k €↑
2016
Annual accounts 201638,3 k €↑
2015
Annual accounts 201523,3 k €↑
2014
Annual accounts 201420,6 k €↑
2013
Annual accounts 201318 k €↓
2012
Annual accounts 201237,1 k €↓
2011
Annual accounts 201147,6 k €↑
2010
Annual accounts 201034,1 k €↓
2009
Annual accounts 200968 k €↓
2008
Annual accounts 200895,5 k €↑
2007
Annual accounts 200772,1 k €
07/10/2002
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

VERCODRA

Overview

What does VERCODRA do?

Trend over 19 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