ACTIVE

Drylock Technologies

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Financial year 2025 · closed on 31/12/2025

Net result

58,5 M €

+42.2% YoY

Revenue

14,1 M €

-59.5% YoY

Equity

633,7 M €

+4.7% YoY

Workforce

52,5 ETP

+7.8% YoY

What does Drylock Technologies do?

Drylock Technologies is a Public limited company incorporated in 2003. Its main activity is: Activities of holding companies. Its registered office is in Zele. It employs on average 52,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.766.057

Incorporation

13/03/2003

Legal form

Public limited company

Registered office

Spinnerijstraat 12
9240 Zele · FlandreSee on map

Contributed capital

537 253 906,35 €

Latest accounts

31/12/2025

Average workforce

52,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	14,1 M €	-59.5%	34,8 M €	+35.6%	25,6 M €	+157%	10 M €	-49.3%	19,7 M €	+38.5%	14,2 M €		–		–		–		–		–		–		–		13,7 k €		–		–		–		–
EBITDA	7,1 M €	-77.3%	31,2 M €	+34.8%	23,1 M €	+216%	7,3 M €	-59.9%	18,2 M €	+28.7%	14,2 M €	+705%	-2,3 M €	-284%	1,3 M €	+671%	165,7 k €	+147%	-351,9 k €	-303%	173,3 k €	+4.7%	165,5 k €	+51.7%	109,1 k €	+107%	-1,7 M €	-321%	-398,2 k €	-345%	-89,5 k €	-11977%	-741 €	+6.6%	-793 €
Operating result	3,6 M €	-87.1%	27,7 M €	+41.9%	19,5 M €	+365%	4,2 M €	-73.2%	15,7 M €	+31.2%	11,9 M €	+396%	-4 M €	-1001%	448,1 k €	+245%	-309,2 k €	+57.2%	-721,8 k €	-554%	-110,4 k €	-212%	-35,4 k €	+8.3%	-38,6 k €	+97.9%	-1,8 M €	-266%	-498 k €	-445%	-91,3 k €	-12226%	-741 €	+6.6%	-793 €
Net result	58,5 M €	+42.2%	41,1 M €	+140%	17,1 M €	+69.5%	10,1 M €	-34.8%	15,5 M €	+2.1%	15,2 M €	+207%	-14,2 M €	-797%	-1,6 M €	+74.7%	-6,3 M €	-200%	-2,1 M €	-51.3%	-1,4 M €	-32.6%	-1 M €	-415%	-202,8 k €	+83.8%	-1,3 M €	-125%	-557,3 k €	-474%	-97,1 k €	-12465%	-773 €	+5.4%	-817,3 €
Balance sheet
Equity	633,7 M €	+4.7%	605,2 M €	-1.4%	614,1 M €	+2.9%	597 M €	+1.7%	586,9 M €	+2.7%	571,4 M €	+7.6%	531,2 M €	+49.5%	355,4 M €	+523%	57 M €	-9.9%	63,3 M €	-3.2%	65,4 M €	+866%	6,8 M €	-13.4%	7,8 M €	-2.5%	8 M €	-13.5%	9,3 M €	+6000%	-157,2 k €	-162%	-60,1 k €	-1.3%	-59,3 k €
Total assets	774 M €	+2.1%	757,8 M €	+1.9%	743,8 M €	-1.6%	756,1 M €	+13.0%	669,4 M €	+6.2%	630,2 M €	+6.3%	593 M €	+20.8%	490,9 M €	+61.3%	304,2 M €	+22.1%	249,1 M €	+84.2%	135,3 M €	+65.5%	81,7 M €	+59.2%	51,4 M €	+37.6%	37,3 M €	+144%	15,3 M €	+3411%	436,3 k €	+256528%	170 €	-15.9%	202,2 €
Cash	22,4 M €	+50.9%	14,9 M €	+74.1%	8,5 M €	+23.3%	6,9 M €	-15.1%	8,2 M €	-62.7%	21,9 M €	-41.3%	37,3 M €	+1109%	3,1 M €	+6.7%	2,9 M €	+333%	667,6 k €	+2479%	25,9 k €	-95.5%	578,1 k €	+90.7%	303,1 k €	+944%	29,1 k €	-98.4%	1,8 M €	+1231%	132,7 k €	+236888%	56 €	-36.3%	87,9 €
Debts	136 M €	-2.3%	139,1 M €	+14.2%	121,8 M €	-18.9%	150,3 M €	+82.1%	82,5 M €	+40.3%	58,8 M €	-4.8%	61,8 M €	-53.8%	133,8 M €	-43.7%	237,6 M €	+30.4%	182,2 M €	+161%	69,9 M €	-6.4%	74,6 M €	+71.4%	43,5 M €	+48.6%	29,3 M €	+395%	5,9 M €	+897%	593,5 k €	+907%	58,9 k €	+1.3%	58,2 k €
Other
Workforce	52,5 ETP	+7.8%	48,7 ETP	+18.2%	41,2 ETP	+3.8%	39,7 ETP	+3.9%	38,2 ETP	+4.4%	36,6 ETP	+6.7%	34,3 ETP	+22.5%	28,0 ETP	+55.6%	18,0 ETP	+85.6%	9,7 ETP	+70.2%	5,7 ETP	+338%	1,3 ETP	+44.4%	0,9 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 24 ended

Active mandates

Anthony Keusters

Director · since 03 juin 2025 · until 02 juin 2031

Active

Jules Van Malderen

Director · since 03 juin 2025 · until 02 juin 2031

Active

Piet Van Geet

Director · since 03 juin 2025 · until 02 juin 2031

Active

Victor Casier

Director · since 03 juin 2025 · until 02 juin 2031

Active

VM INVEST

Managing director · since 03 juin 2025 · until 02 juin 2031 · 0418.701.587

Represented by Bartje Van Malderen

Active

Ended mandates

Jules Van Malderen

Director · since 02 août 2019 · until 02 juin 2025

Ended

Keusters Anthony

Director · since 02 août 2019 · until 02 juin 2025

Ended

Piet Van Geet

Director · since 02 août 2019 · until 02 juin 2025

Ended

Victor Casier

Director · since 02 août 2019 · until 02 juin 2025

Ended

At this address

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ALYANA● Active	1025.491.324
BDCI● Active	0695.406.361
Creon● Active	0723.423.921
Fontis● Active	0719.921.726
JVM productions● Active	1004.524.872
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LVM & family● Active	0471.503.637
Private stichting Louise Marguerite● Active	0808.210.334
’t Groenhof● Active	1004.456.873
TRUNCUS GROUP● Active	0777.789.847
TRUNCUS I● Active	0778.856.748
TRUNCUS I PARTNERSHIP● Active	1019.156.927
TRUNCUS I PRIVAK● Active	0778.835.467
TRUNCUS PARTNERS● Active	0776.864.288
Truncus Private Debt I● Active	1002.990.589
Truncus Wealth● Active	0887.455.176
VM INVEST● Active	0418.701.587
VM INVEST Group● Active	1011.710.493

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	16/06/2026	10/07/2025	27/06/2024	17/07/2023	13/07/2022	20/07/2021
General meeting	01/06/2026	02/06/2025	01/06/2024	30/06/2023	15/06/2022	01/06/2021
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	01/06/2026	16/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	02/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2024	02/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	01/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	13/07/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	04/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	27/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	14/08/2015	Dutch	PDF
Full model	31/12/2013	01/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	01/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 5 active · 24 ended

Active mandates

Anthony Keusters

Director · since 03 juin 2025 · until 02 juin 2031

Active

Jules Van Malderen

Director · since 03 juin 2025 · until 02 juin 2031

Active

Piet Van Geet

Director · since 03 juin 2025 · until 02 juin 2031

Active

Victor Casier

Director · since 03 juin 2025 · until 02 juin 2031

Active

VM INVEST

Managing director · since 03 juin 2025 · until 02 juin 2031 · 0418.701.587

Represented by Bartje Van Malderen

Active

Ended mandates

Jules Van Malderen

Director · since 02 août 2019 · until 02 juin 2025

Ended

Keusters Anthony

Director · since 02 août 2019 · until 02 juin 2025

Ended

Piet Van Geet

Director · since 02 août 2019 · until 02 juin 2025

Ended

Victor Casier

Director · since 02 août 2019 · until 02 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates28/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other01/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates07/11/2022
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 202558,5 M €↑
03/06/2025
reconductionVM Invest NV — gedelegeerd bestuurder (CEO)
03/06/2025
reconductionVM Invest — niet-statutaire bestuurder
03/06/2025
reconductionVAN MALDEREN Jules — niet-statutaire bestuurder
03/06/2025
reconductionVAN GEET Piet — niet-statutaire bestuurder
03/06/2025
reconductionCASIER Victor Emmanuel Jean Marie Ghistain — niet-statutaire bestuurder
03/06/2025
reconductionKEUSTERS Anthony Stéphane Marie — niet-statutaire bestuurder
2024
Annual accounts 202441,1 M €↑
02/07/2024
reduction_capital
2023
Annual accounts 202317,1 M €↑
30/06/2023
nominationJoachim Hoebeeck — commissaris (vaste vertegenwoordiger van KPMG Bedrijfsrevisoren BV/SRL)
2022
Annual accounts 202210,1 M €↓
2021
Annual accounts 202115,5 M €↑
2020
Annual accounts 202015,2 M €↑
2019
Annual accounts 2019-14,2 M €↓
2018
Annual accounts 2018-1,6 M €↑
2017
Annual accounts 2017-6,3 M €↓
2016
Annual accounts 2016-2,1 M €↓
2015
Annual accounts 2015-1,4 M €↓
2014
Annual accounts 2014-1 M €↓
2013
Annual accounts 2013-202,8 k €↑
2012
Annual accounts 2012-1,3 M €↓
2011
Annual accounts 2011-557,3 k €↓
2011
Name changeDrylock Technologies NV
2010
Annual accounts 2010-97,1 k €↓
2009
Annual accounts 2009-773 €↑
2008
Annual accounts 2008-817,3 €
2008
Name changeVYNKA
13/03/2003
IncorporationPublic 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

Drylock Technologies

Overview

What does Drylock Technologies do?

Trend over 18 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