ACTIVE

FV PROJECTS

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Financial year 2025 · closed on 30/09/2025

Net result

-74,9 k €

-6981.1% YoY

Gross margin

120,1 k €

-35.8% YoY

Equity

2 M €

-6.6% YoY

Workforce

0,0 ETP

What does FV PROJECTS do?

FV PROJECTS is a Private limited company incorporated in 2002. Its main activity is: Development of building projects. Its registered office is in Tielt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.716.180

Incorporation

05/11/2002

Legal form

Private limited company

Registered office

Gaversdreef 19
8760 Tielt · FlandreSee on map

Contributed capital

1 019 520,33 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70100Activities of head offices+1

Signals

Solid equityLow riskPositive 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	120,1 k €	-35.8%	186,9 k €	-63.0%	504,8 k €	-7.4%	545,1 k €	+119%	248,5 k €	+70.0%	146,2 k €	-29.0%	205,9 k €	-50.9%	419,1 k €	+19.1%	351,8 k €	-7.3%	379,5 k €	-63.3%	1 M €	+249%	296,9 k €	+37.4%	216,1 k €	+362%	46,8 k €	+1256%	3,4 k €	-80.3%	17,5 k €	+735%	-2,8 k €	-111%	25,6 k €	-12.0%	29,1 k €	+96.7%	14,8 k €
EBITDA	93,1 k €	-42.5%	161,9 k €	-66.5%	482,7 k €	-7.7%	523,1 k €	+134%	223,4 k €	+87.4%	119,2 k €	-34.6%	182,1 k €	-51.5%	375,3 k €	+15.7%	324,4 k €	-2.1%	331,2 k €	-67.5%	1 M €	+265%	279,4 k €	+39.5%	200,3 k €	+469%	35,2 k €	+2498%	1,4 k €	-90.7%	14,6 k €	+291%	-7,6 k €	-132%	23,9 k €	-10.7%	26,7 k €	+153%	10,6 k €
Operating result	-57,6 k €	-316%	26,7 k €	-91.4%	309,4 k €	-20.9%	391,2 k €	+324%	92,2 k €	+138%	38,7 k €	-27.2%	53,2 k €	-81.1%	281,1 k €	+212%	90,1 k €	-64.0%	250,4 k €	-73.9%	959,8 k €	+331%	222,7 k €	+53.7%	144,9 k €	+242%	-102,3 k €	-652%	-13,6 k €	-351%	-3 k €	+89.1%	-27,6 k €	-932%	3,3 k €	-69.3%	10,8 k €	+1266%	-926,3 €
Net result	-74,9 k €	-6981%	1,1 k €	-99.5%	199,1 k €	-11.9%	225,9 k €	+358%	49,3 k €	+640%	6,7 k €	+831%	-912 €	-101%	160 k €	+434%	30 k €	-79.6%	146,6 k €	-72.9%	541,5 k €	+382%	112,3 k €	+58.4%	70,9 k €	+168%	-104,4 k €	-155%	-41 k €	-472%	-7,2 k €	+71.7%	-25,3 k €	-3555%	-693,5 €	-128%	2,5 k €	+125%	-10,1 k €
Balance sheet
Equity	2 M €	-6.6%	2,2 M €	+0.0%	2,2 M €	+10.0%	2 M €	-0.4%	2 M €	+2.5%	1,9 M €	+0.3%	1,9 M €	-0.0%	1,9 M €	+9.0%	1,8 M €	+1.7%	1,7 M €	+9.2%	1,6 M €	+51.2%	1,1 M €	+11.9%	944,6 k €	+8.1%	873,6 k €	+391%	178 k €	-18.7%	219 k €	-3.2%	226,2 k €	+198%	75,8 k €	-0.9%	76,5 k €	+3.3%	74,1 k €
Total assets	3,2 M €	-5.7%	3,4 M €	-2.8%	3,5 M €	+0.6%	3,4 M €	-25.9%	4,6 M €	-0.9%	4,7 M €	+18.4%	4 M €	+9.8%	3,6 M €	+11.0%	3,2 M €	+5.7%	3,1 M €	-10.1%	3,4 M €	+40.7%	2,4 M €	+2.1%	2,4 M €	+26.1%	1,9 M €	+245%	546,4 k €	-19.7%	680,7 k €	+0.8%	675,2 k €	+3.5%	652,7 k €	+20.9%	539,7 k €	+9.5%	492,8 k €
Cash	10,8 k €	-96.3%	290,1 k €	-19.1%	358,5 k €	+252%	101,8 k €	+73.8%	58,6 k €	-26.4%	79,6 k €	-70.1%	266,4 k €	+80.2%	147,8 k €	+450%	26,9 k €	-30.3%	38,6 k €	-93.3%	578,9 k €	+193%	197,8 k €	-4.8%	207,7 k €	+85.0%	112,2 k €		–		–		–		38,2 €	-99.1%	4,5 k €		–
Debts	1,1 M €	-1.4%	1,1 M €	-8.7%	1,2 M €	-14.1%	1,4 M €	-46.1%	2,6 M €	-2.6%	2,7 M €	+34.9%	2 M €	+22.8%	1,6 M €	+14.3%	1,4 M €	+12.1%	1,3 M €	-27.8%	1,7 M €	+33.7%	1,3 M €	-6.1%	1,4 M €	+38.9%	994,3 k €	+170%	368,3 k €	-20.2%	461,7 k €	+2.8%	449,1 k €	-22.2%	576,8 k €	+24.5%	463,2 k €	+10.6%	418,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/09/2025 · 3 active · 6 ended

Active mandates

AURELIE VUYLSTEKE

Director

Active

Elke Jansen

Director

Active

Frederik Vuylsteke

Managing director

Active

Ended mandates

ELKE JANSEN

Manager · since 01 janvier 2016

Ended

ELKE JANSEN

Administrator - manager

Ended

ELKE JANSEN

Manager

Ended

FREDERIK VUYLSTEKE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Bosterhout Sportpark● Active	0424.270.080
VUYLSTEKE CONSTRUCT● Active	0478.805.658

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	29/04/2026	24/04/2025	30/05/2024	26/05/2023	30/05/2022	25/05/2021
General meeting	27/02/2026	28/02/2025	23/02/2024	24/02/2023	25/02/2022	26/02/2021
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	30/09/2025	27/02/2026	29/04/2026	Dutch	PDF
Abridged model	30/09/2024	28/02/2025	24/04/2025	Dutch	PDF
Abridged model	30/09/2023	23/02/2024	30/05/2024	Dutch	PDF
Micro model	30/09/2022	24/02/2023	26/05/2023	Dutch	PDF
Micro model	30/09/2021	25/02/2022	30/05/2022	Dutch	PDF
Micro model	30/09/2020	26/02/2021	25/05/2021	Dutch	PDF
Micro model	30/09/2019	28/02/2020	28/05/2020	Dutch	PDF
Micro model	30/09/2018	22/02/2019	21/05/2019	Dutch	PDF
Micro model	30/09/2017	23/02/2018	18/05/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	18/05/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	30/05/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	24/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	05/05/2014	Dutch	PDF
Abridged model	30/09/2012	22/02/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	24/02/2012	28/02/2012	Dutch	PDF
Abridged model	30/09/2010	25/02/2011	28/02/2011	Dutch	PDF
Abridged model	30/09/2009	26/02/2010	17/03/2010	Dutch	PDF
Abridged model	30/09/2008	27/02/2009	10/04/2009	Dutch	PDF
Abridged model	30/09/2007	29/02/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	23/02/2007	23/04/2007	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 30/09/2025 · 3 active · 6 ended

Active mandates

AURELIE VUYLSTEKE

Director

Active

Elke Jansen

Director

Active

Frederik Vuylsteke

Managing director

Active

Ended mandates

ELKE JANSEN

Manager · since 01 janvier 2016

Ended

ELKE JANSEN

Administrator - manager

Ended

ELKE JANSEN

Manager

Ended

FREDERIK VUYLSTEKE

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/05/2015
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/02/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares28/12/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares24/09/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office04/12/2003
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 2025-74,9 k €↓
2024
Annual accounts 20241,1 k €↓
2023
Annual accounts 2023199,1 k €↓
2022
Annual accounts 2022225,9 k €↑
2021
Annual accounts 202149,3 k €↑
2020
Annual accounts 20206,7 k €↑
2019
Annual accounts 2019-912 €↓
2018
Annual accounts 2018160 k €↑
2017
Annual accounts 201730 k €↓
2016
Annual accounts 2016146,6 k €↓
2015
Annual accounts 2015541,5 k €↑
2014
Annual accounts 2014112,3 k €↑
2013
Annual accounts 201370,9 k €↑
2012
Annual accounts 2012-104,4 k €↓
2011
Annual accounts 2011-41 k €↓
2010
Annual accounts 2010-7,2 k €↑
2009
Annual accounts 2009-25,3 k €↓
2008
Annual accounts 2008-693,5 €↓
2007
Annual accounts 20072,5 k €↑
2006
Annual accounts 2006-10,1 k €
05/11/2002
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

FV PROJECTS

Overview

What does FV PROJECTS do?

Trend over 20 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