ACTIVE

VANPEC

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Financial year 2025 · closed on 30/06/2025

Net result

-12,5 k €

-151.8% YoY

Gross margin

-5,1 k €

-107.2% YoY

Equity

435,7 k €

-2.8% YoY

What does VANPEC do?

VANPEC is a Private limited company incorporated in 2003. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.937.489

Incorporation

03/04/2003

Legal form

Private limited company

Registered office

Vijfseweg 91
8790 Waregem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories

Signals

Solid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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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	-5,1 k €	-107%	70,2 k €	+4.6%	67,1 k €	-15.4%	79,3 k €	+8.0%	73,5 k €	+3.0%	71,3 k €	-9.7%	79,0 k €	+21.1%	65,2 k €	-18.0%	79,5 k €	+1.7%	78,1 k €	-5.1%	82,3 k €	+27.7%	64,5 k €	-19.4%	80,0 k €	+30.6%	61,2 k €	+11.8%	54,8 k €	-17.0%	66,0 k €	-21.2%	83,7 k €	+0.4%	83,3 k €	+12.7%	74,0 k €
EBITDA	-7,2 k €	-111%	65,4 k €	-1.7%	66,6 k €	-15.8%	79,1 k €	+8.5%	72,8 k €	+7.1%	68,0 k €	-12.0%	77,2 k €	+21.9%	63,3 k €	-19.8%	79,0 k €	+2.0%	77,4 k €	-3.5%	80,3 k €	+26.5%	63,4 k €	-19.1%	78,4 k €	+29.3%	60,7 k €	+13.6%	53,4 k €	-18.2%	65,3 k €	-21.5%	83,1 k €	+0.4%	82,8 k €	+14.5%	72,3 k €
Operating result	-31,3 k €	-199%	31,7 k €	-31.2%	46,1 k €	-27.9%	63,9 k €	+11.7%	57,2 k €	+7.7%	53,1 k €	-15.5%	62,8 k €	+25.7%	50,0 k €	-23.8%	65,6 k €	+2.6%	63,9 k €	-3.6%	66,3 k €	+46.0%	45,4 k €	-24.4%	60,0 k €	+28.9%	46,6 k €	+163%	17,7 k €	-72.8%	65,0 k €	-11.7%	73,6 k €	+2.4%	71,9 k €	+33.1%	54,0 k €
Net result	-12,5 k €	-152%	24,2 k €	-32.7%	36,0 k €	-31.7%	52,6 k €	+19.8%	43,9 k €	+21.5%	36,1 k €	-18.6%	44,4 k €	+87.8%	23,6 k €	-35.9%	36,9 k €	+6.0%	34,8 k €	-25.0%	46,3 k €	+50.2%	30,9 k €	-28.1%	42,9 k €	+28.4%	33,4 k €	+60.6%	20,8 k €	-70.5%	70,5 k €	+18.6%	59,4 k €	+34.9%	44,1 k €	-25.9%	59,5 k €
Balance sheet
Equity	435,7 k €	-2.8%	448,2 k €	+5.7%	424,0 k €	+9.3%	388,1 k €	+15.7%	335,4 k €	+3.4%	324,3 k €	+12.5%	288,2 k €	-37.9%	464,3 k €	+5.4%	440,6 k €	+9.1%	403,8 k €	+9.4%	369,0 k €	+14.4%	322,7 k €	-2.2%	330,0 k €	+15.0%	287,1 k €	+13.2%	253,6 k €	-23.8%	332,8 k €	+26.9%	262,3 k €	+29.3%	202,9 k €	+27.7%	158,8 k €
Total assets	464,3 k €	-3.8%	482,6 k €	+1.8%	474,3 k €	-2.2%	484,9 k €	+22.5%	396,0 k €	-49.0%	776,6 k €	+2.1%	760,6 k €	+4.5%	728,1 k €	+1.0%	721,1 k €	+5.2%	685,6 k €	+3.8%	660,7 k €	-1.5%	670,6 k €	+6.9%	627,3 k €	+5.3%	595,7 k €	-5.8%	632,2 k €	+66.3%	380,3 k €	+29.3%	294,0 k €	+20.2%	244,6 k €	+19.7%	204,3 k €
Cash	13,8 k €	+127%	6,1 k €	-88.6%	53,3 k €	-73.6%	202,2 k €	+60.3%	126,1 k €	-44.3%	226,5 k €	-9.3%	249,8 k €	+23.3%	202,5 k €	+9.6%	184,8 k €	-5.5%	195,6 k €	-3.1%	201,9 k €	-50.3%	406,4 k €	+141%	168,4 k €	-6.5%	180,1 k €	-6.6%	192,8 k €	+59.3%	121,1 k €	+907%	12,0 k €	-91.6%	142,6 k €	+58.7%	89,9 k €
Debts	28,2 k €	-17.4%	34,2 k €	-31.7%	50,0 k €	-48.3%	96,8 k €	+61.8%	59,8 k €	-86.8%	451,6 k €	-4.3%	471,7 k €	+79.3%	263,1 k €	-5.9%	279,7 k €	-0.4%	280,9 k €	-3.5%	290,9 k €	-16.0%	346,3 k €	+16.9%	296,3 k €	-4.0%	308,5 k €	-18.5%	378,6 k €	+700%	47,3 k €	+49.3%	31,7 k €	-24.0%	41,7 k €	-5.1%	43,9 k €

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 30/06/2025 · 1 active · 1 ended

Active mandates

PAUL VANDEKERCKHOVE

Director

Active

Ended mandates

PAUL VANDEKERCKHOVE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/01/2026	13/01/2025	05/01/2024	06/01/2023	14/01/2022	08/01/2021
General meeting	26/12/2025	27/12/2024	29/12/2023	30/12/2022	31/12/2021	26/12/2020
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
Micro model	30/06/2025	26/12/2025	26/01/2026	Dutch	PDF
Micro model	30/06/2024	27/12/2024	13/01/2025	Dutch	PDF
Micro model	30/06/2023	29/12/2023	05/01/2024	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	06/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	14/01/2022	Dutch	PDF
Abridged model	30/06/2020	26/12/2020	08/01/2021	Dutch	PDF
Abridged model	30/06/2019	27/12/2019	20/01/2020	Dutch	PDF
Abridged model	30/06/2018	28/12/2018	09/01/2019	Dutch	PDF
Abridged model	30/06/2017	29/12/2017	08/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	24/01/2017	Dutch	PDF
Abridged model	30/06/2015	28/12/2015	06/01/2016	Dutch	PDF
Abridged model	30/06/2014	26/12/2014	22/01/2015	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	22/01/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	05/02/2013	Dutch	PDF
Abridged model	30/06/2011	29/11/2011	27/12/2011	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	26/12/2009	01/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	30/01/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	23/01/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	06/02/2007	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 30/06/2025 · 1 active · 1 ended

Active mandates

PAUL VANDEKERCKHOVE

Director

Active

Ended mandates

PAUL VANDEKERCKHOVE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares04/10/2018
KAPITAAL - AANDELEN
PDF
Capital / shares10/09/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office03/08/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other11/04/2003
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

2025
Annual accounts 2025-12,5 k €↓
2024
Annual accounts 202424,2 k €↓
2023
Annual accounts 202336,0 k €↓
2022
Annual accounts 202252,6 k €↑
2021
Annual accounts 202143,9 k €↑
2020
Annual accounts 202036,1 k €↓
2019
Annual accounts 201944,4 k €↑
2018
Annual accounts 201823,6 k €↓
2017
Annual accounts 201736,9 k €↑
2016
Annual accounts 201634,8 k €↓
2015
Annual accounts 201546,3 k €↑
2014
Annual accounts 201430,9 k €↓
2013
Annual accounts 201342,9 k €↑
2012
Annual accounts 201233,4 k €↑
2011
Annual accounts 201120,8 k €↓
2010
Annual accounts 201070,5 k €↑
2009
Annual accounts 200959,4 k €↑
2008
Annual accounts 200844,1 k €↓
2007
Annual accounts 200759,5 k €
03/04/2003
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

VANPEC

Overview

What does VANPEC 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