ACTIVE

VASCO

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Financial year 2025 · closed on 31/12/2025

Net result

890,5 k €

-25.2% YoY

Revenue

32,3 M €

-8.8% YoY

Equity

22,4 M €

+3.9% YoY

Workforce

56,2 ETP

-28.5% YoY

What does VASCO do?

VASCO is a Private limited company incorporated in 2003. Its main activity is: Warehousing and storage. Its registered office is in Dilsen-Stokkem. It employs on average 56,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.567.901

Incorporation

17/02/2003

Legal form

Private limited company

Registered office

Kruishoefstraat 50
3650 Dilsen-Stokkem · FlandreSee on map

Contributed capital

20 043 600,00 €

Latest accounts

31/12/2025

Average workforce

56,2 ETP

Activities (NACE)

52100Warehousing and storage· main 35110Production of electricity 35110Production of electricity 35140Trade of electricity 35150Electric power generation, transmission and distribution

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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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		2009		2008		2007		2006
Income statement
Revenue	32,3 M €	-8.8%	35,5 M €	-9.1%	39 M €	-18.5%	47,9 M €	+16.7%	41 M €	+15.7%	35,5 M €	+4.0%	34,1 M €	+15.5%	29,5 M €	+4.0%	28,4 M €	-4.0%	29,6 M €	-2.5%	30,3 M €	+9.2%	27,8 M €	+10.7%	25,1 M €	-9.4%	27,7 M €	-6.3%	29,5 M €	-2.6%	30,3 M €	-22.4%	39 M €	+1.8%	38,4 M €	-3.1%	39,6 M €
EBITDA	7 M €	+143%	2,9 M €	-14.8%	3,4 M €	-0.1%	3,4 M €	+31.7%	2,6 M €	+11.4%	2,3 M €	+24.7%	1,9 M €	-1.4%	1,9 M €	-4.4%	2 M €	-4.5%	2,1 M €	-28.3%	2,9 M €	+53.7%	1,9 M €	+9.9%	1,7 M €	-31.7%	2,5 M €	+9.7%	2,3 M €	-12.7%	2,6 M €	-32.2%	3,8 M €	+11.0%	3,5 M €	-29.3%	4,9 M €
Operating result	744,5 k €	-29.8%	1,1 M €	-32.1%	1,6 M €	+5.1%	1,5 M €	+20.4%	1,2 M €	+33.2%	926,2 k €	+25.4%	738,6 k €	+28.7%	573,8 k €	-4.9%	603,2 k €	-34.1%	915,1 k €	-53.4%	2 M €	+138%	826,6 k €	+11.1%	743,9 k €	-43.3%	1,3 M €	-8.9%	1,4 M €	+22.7%	1,2 M €	-36.2%	1,8 M €	+24.1%	1,5 M €	-29.4%	2,1 M €
Net result	890,5 k €	-25.2%	1,2 M €	+0.4%	1,2 M €	+44.9%	817,3 k €	-44.9%	1,5 M €	+93.0%	769,4 k €	+115%	-5,3 M €	-1295%	443,3 k €	+17.0%	378,8 k €	-36.9%	600,1 k €	+1232%	45 k €	-91.3%	517,1 k €	+44.6%	357,6 k €	-44.8%	648 k €	-27.0%	888,2 k €	+246%	256,7 k €	-80.1%	1,3 M €	-8.0%	1,4 M €	-15.8%	1,7 M €
Balance sheet
Equity	22,4 M €	+3.9%	21,5 M €	+5.5%	20,4 M €	+5.8%	19,3 M €	+4.1%	18,5 M €	+8.3%	17,1 M €	+4.3%	16,4 M €	-46.7%	30,7 M €	+1.3%	30,3 M €	+1.1%	30 M €	+1.8%	29,5 M €	-0.0%	29,5 M €	+1.6%	29 M €	+1.0%	28,7 M €	+2.1%	28,1 M €	+10.4%	25,5 M €	+1.0%	25,2 M €	+5.4%	24 M €	+6.2%	22,6 M €
Total assets	33,8 M €	+23.5%	27,4 M €	-23.1%	35,6 M €	+20.3%	29,6 M €	-12.5%	33,8 M €	-10.7%	37,8 M €	-7.5%	40,9 M €	-3.1%	42,2 M €	-7.3%	45,6 M €	+2.4%	44,5 M €	-5.5%	47,1 M €	-0.5%	47,3 M €	-0.3%	47,4 M €	-7.2%	51,1 M €	-1.4%	51,9 M €	+2.0%	50,9 M €	-5.7%	53,9 M €	+85.4%	29,1 M €	-0.7%	29,3 M €
Cash	208 k €	+104%	101,9 k €	+38.2%	73,7 k €	+55.5%	47,4 k €	+60.4%	29,6 k €	+2096%	1,3 k €	-25.8%	1,8 k €	-94.1%	30,7 k €	-63.7%	84,7 k €	-27.5%	116,8 k €	+63.1%	71,6 k €	-47.5%	136,3 k €	-62.0%	359,2 k €	+146%	146 k €	-25.2%	195,1 k €	+2643%	7,1 k €	+166%	2,7 k €	-11.9%	3 k €	-74.3%	11,8 k €
Debts	8,8 M €	+58.6%	5,6 M €	+2.5%	5,4 M €	-45.4%	9,9 M €	-33.2%	14,9 M €	-27.1%	20,4 M €	-15.3%	24,1 M €	+118%	11,1 M €	-24.7%	14,7 M €	+7.2%	13,7 M €	-8.9%	15,1 M €	-11.8%	17,1 M €	-2.6%	17,5 M €	-18.9%	21,6 M €	-7.4%	23,3 M €	-6.0%	24,8 M €	-11.7%	28,1 M €	+504%	4,7 M €	-27.7%	6,4 M €
Other
Workforce	56,2 ETP	-28.5%	78,6 ETP	-44.1%	140,5 ETP	-6.8%	150,7 ETP	+5.1%	143,4 ETP	+0.3%	143,0 ETP	-10.8%	160,3 ETP	-6.5%	171,4 ETP	-3.6%	177,8 ETP	-9.6%	196,7 ETP	-6.6%	210,5 ETP	-4.8%	221,1 ETP	-2.5%	226,7 ETP	-8.1%	246,8 ETP	-4.2%	257,7 ETP	-5.0%	271,4 ETP	-9.2%	298,9 ETP	-3.2%	308,9 ETP	-3.5%	320,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 36 ended

Active mandates

Raphael Ceuppens

Director · since 30 juin 2024

Active

Peter Ketelslegers

Director · since 30 juin 2023

Active

Ended mandates

Eddy Caspers

Director · since 30 juin 2023 · until 30 juin 2024

Ended

Eddy Caspers

Director · since 30 juin 2023

Ended

Christian Schmitz-Eckert

Director · since 19 avril 2021 · until 31 mai 2023

Ended

Christian Schmitz-Eckert

Director · since 19 avril 2021 · until 10 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
MBT Climate BENELUX● Active	0428.107.718

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	27/07/2026	25/08/2025	02/08/2024	27/06/2023	09/06/2022	08/06/2021
General meeting	10/07/2026	30/06/2025	10/06/2024	02/06/2023	03/06/2022	04/06/2021
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
Full model	31/12/2025	10/07/2026	27/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	25/08/2025	Dutch	PDF
Full model	31/12/2023	10/06/2024	02/08/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	09/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	08/06/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	17/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	11/06/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	10/06/2017	21/06/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	10/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	10/06/2012	28/06/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	10/06/2010	28/06/2010	Dutch	PDF
Full modelCorrection	31/12/2008	10/06/2009	08/10/2009	Dutch	PDF
Full model	31/12/2008	10/06/2009	30/06/2009	Dutch	PDF
Full model	31/12/2007	10/06/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	19/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 36 ended

Active mandates

Raphael Ceuppens

Director · since 30 juin 2024

Active

Peter Ketelslegers

Director · since 30 juin 2023

Active

Ended mandates

Eddy Caspers

Director · since 30 juin 2023 · until 30 juin 2024

Ended

Eddy Caspers

Director · since 30 juin 2023

Ended

Christian Schmitz-Eckert

Director · since 19 avril 2021 · until 31 mai 2023

Ended

Christian Schmitz-Eckert

Director · since 19 avril 2021 · until 10 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2018
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 2025890,5 k €↓
2024
Annual accounts 20241,2 M €↑
30/06/2024
nominationRaphael Cueppens — bestuurder
10/06/2024
nominationKPMG Bedrijfsrevisoren BV — commissaris
10/06/2024
nominationKristof Van Linden — vaste vertegenwoordiger
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022817,3 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020769,4 k €↑
2019
Annual accounts 2019-5,3 M €↓
2018
Annual accounts 2018443,3 k €↑
2017
Annual accounts 2017378,8 k €↓
2016
Annual accounts 2016600,1 k €↑
2015
Annual accounts 201545 k €↓
2014
Annual accounts 2014517,1 k €↑
2013
Annual accounts 2013357,6 k €↓
2012
Annual accounts 2012648 k €↓
2011
Annual accounts 2011888,2 k €↑
2009
Annual accounts 2009256,7 k €↓
2008
Annual accounts 20081,3 M €↓
2007
Annual accounts 20071,4 M €↓
2006
Annual accounts 20061,7 M €
17/02/2003
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

VASCO

Overview

What does VASCO 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