ACTIVE

V.M.

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Financial year 2026 · closed on 28/02/2026

Net result

19,3 k €

-48.4% YoY

Gross margin

156,2 k €

+18.9% YoY

Equity

516,8 k €

+3.9% YoY

Workforce

93 151,9 ETP

+1275953.4% YoY

What does V.M. do?

V.M. is a Private limited company incorporated in 2003. Its main activity is: Retail sale of music and video recordings in specialised stores. Its registered office is in Boortmeerbeek. It employs on average 93 151,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.837.323

Incorporation

24/03/2003

Legal form

Private limited company

Registered office

Leuvensesteenweg 155
3191 Boortmeerbeek · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

28/02/2026

Average workforce

93 151,9 ETP

Activities (NACE)

47639Retail sale of music and video recordings in specialised stores· main 47640Retail sale of sporting equipment in specialised stores 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores 52421Warehousing and support activities for transportation 52482Warehousing and support activities for transportation

Joint committees (1)

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

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	156,2 k €	+18.9%	131,4 k €	-32.5%	194,6 k €	+17.0%	166,3 k €	+10.4%	150,6 k €	+141%	62,6 k €	-36.2%	98 k €	-26.2%	132,9 k €	-32.7%	197,3 k €	+75.2%	112,6 k €	+7.1%	105,1 k €	+31.6%	79,9 k €	+12.7%	70,9 k €	-5.7%	75,2 k €	+86.5%	40,3 k €	+18.3%	34,1 k €	+38.1%	24,7 k €	+47.1%	16,8 k €	-30.2%	24,1 k €	-25.4%	32,2 k €
EBITDA	61,7 k €	-0.6%	62 k €	-37.1%	98,6 k €	+37.1%	71,9 k €	+13.4%	63,4 k €	+2254%	2,7 k €	-93.1%	39 k €	-58.0%	93 k €	-41.2%	158,1 k €	+128%	69,3 k €	-20.6%	87,3 k €	+43.2%	61 k €	+9.0%	55,9 k €	-9.8%	62 k €	+101%	30,9 k €	+9.2%	28,2 k €	+60.9%	17,6 k €	+103%	8,7 k €	-63.6%	23,8 k €	-15.3%	28,1 k €
Operating result	23,2 k €	-39.5%	38,4 k €	-15.1%	45,2 k €	-3.0%	46,6 k €	+10.0%	42,4 k €	+1704%	-2,6 k €	-128%	9,5 k €	-86.9%	72,2 k €	-46.5%	135,1 k €	+141%	56,1 k €	-13.1%	64,5 k €	+38.7%	46,5 k €	+20.9%	38,5 k €	-17.1%	46,4 k €	+147%	18,8 k €	+34.5%	14 k €	+28.1%	10,9 k €	+92.0%	5,7 k €	+315%	1,4 k €	-77.5%	6,1 k €
Net result	19,3 k €	-48.4%	37,5 k €	-46.1%	69,5 k €	+112%	32,8 k €	+2.4%	32 k €	+1380%	2,2 k €	-79.2%	10,4 k €	-71.3%	36,2 k €	-66.9%	109,4 k €	+224%	33,7 k €	-11.2%	38 k €	+23.5%	30,8 k €	+42.6%	21,6 k €	-21.9%	27,6 k €	+385%	5,7 k €	+9.5%	5,2 k €	-13.7%	6 k €	+4.8%	5,7 k €	+203%	1,9 k €	+13.9%	1,7 k €
Balance sheet
Equity	516,8 k €	+3.9%	497,5 k €	+8.1%	460 k €	+17.8%	390,5 k €	+9.2%	357,7 k €	+9.8%	325,7 k €	+0.7%	323,6 k €	+3.3%	313,2 k €	-3.8%	325,4 k €	+50.6%	216 k €	+18.5%	182,3 k €	+26.3%	144,3 k €	+27.1%	113,5 k €	+23.5%	92 k €	+42.9%	64,3 k €	+9.7%	58,7 k €	+9.7%	53,5 k €	+12.7%	47,4 k €	+13.8%	41,7 k €	+4.8%	39,8 k €
Total assets	789,8 k €	-0.7%	795,5 k €	-10.6%	889,7 k €	+26.0%	706,4 k €	+5.9%	666,7 k €	+15.9%	575,4 k €	-5.8%	610,9 k €	-0.9%	616,4 k €	+1.5%	607,4 k €	+1.3%	599,7 k €	+7.8%	556,1 k €	+33.2%	417,5 k €	+29.5%	322,3 k €	+11.2%	289,8 k €	+19.4%	242,7 k €	+28.2%	189,4 k €	+15.7%	163,7 k €	+6.9%	153,1 k €	-7.1%	164,8 k €	-8.7%	180,6 k €
Cash	176,5 k €	+287%	45,6 k €	-72.0%	163,1 k €	+2.0%	159,9 k €	-6.3%	170,6 k €	+21.8%	140,1 k €	+19.0%	117,7 k €	-34.1%	178,8 k €	-47.9%	343,2 k €	-24.1%	452,1 k €	+19.8%	377,4 k €	+31.3%	287,4 k €	+99.2%	144,3 k €	+25.7%	114,8 k €	+22.0%	94,1 k €	+231%	28,4 k €	+112%	13,4 k €	-50.0%	26,9 k €	-8.9%	29,5 k €	-32.4%	43,7 k €
Debts	273 k €	-8.4%	298 k €	-27.8%	412,5 k €	+30.6%	315,9 k €	+5.3%	300 k €	+21.3%	247,3 k €	-11.7%	279,9 k €	-2.7%	287,8 k €	+14.9%	250,4 k €	+7.2%	233,4 k €	+1.7%	229,6 k €	+25.7%	182,7 k €	+0.2%	182,4 k €	+2.8%	177,5 k €	+18.8%	149,4 k €	+14.3%	130,7 k €	+18.6%	110,3 k €	+4.3%	105,7 k €	-14.1%	123,1 k €	-12.6%	140,8 k €
Other
Workforce	93 151,9 ETP	+1275953%	7,3 ETP	-3.9%	7,6 ETP		–		–		0,4 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 28/02/2026 · 1 active · 5 ended

Active mandates

Monique Vantilborgh

Director · since 25 septembre 2023

Active

Ended mandates

Monique Vantilborgh

Director · since 09 octobre 2023

Ended

Monique Van Tilborgh

Director

Ended

Monique Vantilborgh

Mandate

Ended

Monique Vantilborgh

Director

Ended

At this address

Other companies at this address

Company	CBE no.
FLIMAR● Active	0422.751.734
VLAAMSE VERENIGING TOT BEHOUD VAN HISTORISCHE VAARTUIGEN● Active	0478.929.184

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Abridged model
Start of the financial year	01/03/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	28/02/2026	28/02/2025	29/02/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/09/2026	15/09/2025	24/09/2024	08/08/2024	08/07/2022	12/07/2022
General meeting	20/08/2026	21/08/2025	16/08/2024	15/07/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	28/02/2026	20/08/2026	08/09/2026	Dutch	PDF
Abridged model	28/02/2025	21/08/2025	15/09/2025	Dutch	PDF
Abridged model	29/02/2024	16/08/2024	24/09/2024	Dutch	PDF
Micro model	28/02/2023	15/07/2023	08/08/2024	Dutch	PDF
Micro model	28/02/2022	30/06/2022	08/07/2022	Dutch	PDF
Abridged model	28/02/2021	30/06/2021	12/07/2022	Dutch	PDF
Abridged model	29/02/2020	31/08/2020	28/03/2021	Dutch	PDF
Abridged model	28/02/2019	31/08/2019	04/11/2019	Dutch	PDF
Abridged model	28/02/2018	30/06/2018	22/08/2018	Dutch	PDF
Abridged model	28/02/2017	30/06/2017	22/08/2017	Dutch	PDF
Abridged model	29/02/2016	31/08/2016	22/08/2017	Dutch	PDF
Abridged model	28/02/2015	18/08/2015	26/05/2016	Dutch	PDF
Abridged model	28/02/2014	31/07/2014	09/09/2014	Dutch	PDF
Abridged model	28/02/2013	31/07/2013	26/10/2013	Dutch	PDF
Abridged model	29/02/2012	18/08/2012	31/10/2012	Dutch	PDF
Abridged model	28/02/2011	18/08/2011	01/11/2011	Dutch	PDF
Abridged model	28/02/2010	30/06/2010	13/12/2010	Dutch	PDF
Abridged model	28/02/2009	18/08/2009	30/10/2009	Dutch	PDF
Abridged model	28/02/2008	18/08/2008	17/09/2008	Dutch	PDF
Abridged model	28/02/2007	18/05/2007	03/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 28/02/2026 · 1 active · 5 ended

Active mandates

Monique Vantilborgh

Director · since 25 septembre 2023

Active

Ended mandates

Monique Vantilborgh

Director · since 09 octobre 2023

Ended

Monique Van Tilborgh

Director

Ended

Monique Vantilborgh

Mandate

Ended

Monique Vantilborgh

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/10/2023
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other01/04/2003
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

2026
Annual accounts 202619,3 k €↓
2025
Annual accounts 202537,5 k €↓
2024
Annual accounts 202469,5 k €↑
2023
Annual accounts 202332,8 k €↑
2023
Name changeVM
2022
Annual accounts 202232 k €↑
2021
Annual accounts 20212,2 k €↓
2021
Name changeV.M.
2020
Annual accounts 202010,4 k €↓
2019
Annual accounts 201936,2 k €↓
2018
Annual accounts 2018109,4 k €↑
2017
Annual accounts 201733,7 k €↓
2016
Annual accounts 201638 k €↑
2015
Annual accounts 201530,8 k €↑
2014
Annual accounts 201421,6 k €↓
2013
Annual accounts 201327,6 k €↑
2012
Annual accounts 20125,7 k €↑
2011
Annual accounts 20115,2 k €↓
2010
Annual accounts 20106 k €↑
2009
Annual accounts 20095,7 k €↑
2008
Annual accounts 20081,9 k €↑
2007
Annual accounts 20071,7 k €
24/03/2003
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

V.M.

Overview

What does V.M. 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