VBK REAL ESTATE
0480.050.921 · rovalta.com · 23/09/2026
NORMAL SITUATION
VBK REAL ESTATE
Financial year 2025 · closed on 31/12/2025
Net result
-58,5 k €
+72.5% YoY
Gross margin
-44,4 k €
+32.2% YoY
Equity
1,2 M €
-4.5% YoY
Company — Normal situation.
Strike-off: 25 juin 2026
Overview
What does VBK REAL ESTATE do?
VBK REAL ESTATE is a Public limited company incorporated in 2003.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0480.050.921
Incorporation
28/04/2003
Legal form
Public limited company
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Joint committees (2)
- 201
- 218
Signals
Solid equityGood liquidity
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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 | -44,4 k € | +32.2% | -65,5 k € | -123% | 288,5 k € | -57.1% | 672,3 k € | +119% | 307,3 k € | -56.7% | 710,2 k € | -8.7% | 778,3 k € | +236% | 231,8 k € | -65.6% | 674,3 k € | +402% | -223,3 k € | +5.7% | -236,7 k € | -4897% | -4,7 k € | -2.6% | -4,6 k € | -147% | 9,7 k € | +481% | 1,7 k € | -91.8% | 20,5 k € | +56.2% | 13,1 k € | -39.8% | 21,8 k € | -45.5% | 39,9 k € | +41.0% | 28,3 k € |
| EBITDA | -58,4 k € | +63.3% | -158,9 k € | -255% | 102,7 k € | -84.1% | 647,6 k € | +123% | 289,8 k € | -50.3% | 583,1 k € | -24.4% | 771,4 k € | +286% | 199,6 k € | -65.8% | 583,3 k € | +336% | -246,9 k € | -4.1% | -237,1 k € | -4906% | -4,7 k € | +27.4% | -6,5 k € | -170% | 9,3 k € | +880% | 952,2 € | -95.1% | 19,5 k € | +188% | 6,7 k € | +183% | 2,4 k € | -92.2% | 30,4 k € | +1052% | -3,2 k € |
| Operating result | -63,4 k € | +61.5% | -164,9 k € | -266% | 99,2 k € | -84.6% | 645,8 k € | +124% | 288 k € | -50.6% | 583,1 k € | -24.2% | 769,5 k € | +293% | 195,9 k € | -66.3% | 580,7 k € | +333% | -249,5 k € | -4.9% | -237,8 k € | -4262% | -5,5 k € | +40.7% | -9,2 k € | -281% | 5,1 k € | +227% | -4 k € | -129% | 13,7 k € | +1358% | 942 € | +121% | -4,5 k € | -134% | 13,3 k € | +155% | -24,1 k € |
| Net result | -58,5 k € | +72.5% | -212,4 k € | -280% | 117,8 k € | -82.0% | 656 k € | +291% | 167,7 k € | -68.7% | 535,4 k € | +25.5% | 426,6 k € | +190% | 147,2 k € | -70.6% | 500,3 k € | +296% | -255,4 k € | -7.5% | -237,4 k € | -2985% | -7,7 k € | +28.4% | -10,8 k € | -1028% | 1,2 k € | +115% | -7,6 k € | -173% | 10,3 k € | +2641% | 377,4 € | +103% | -11,8 k € | -152% | 22,9 k € | +149% | -46,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 1,2 M € | -4.5% | 1,3 M € | -14.0% | 1,5 M € | +8.5% | 1,4 M € | +4.2% | 1,3 M € | +10.0% | 1,2 M € | +18.5% | 1 M € | +70.5% | 605,2 k € | +32.1% | 458 k € | +1183% | -42,3 k € | -120% | 213,1 k € | -52.7% | 450,5 k € | +116% | 208,2 k € | -4.9% | 219 k € | +0.5% | 217,8 k € | -3.4% | 225,4 k € | +4.8% | 215 k € | +0.2% | 214,7 k € | -5.2% | 226,5 k € | +11.2% | 203,7 k € |
| Total assets | 1,8 M € | -1.5% | 1,8 M € | -58.3% | 4,3 M € | -15.4% | 5 M € | +1.0% | 5 M € | -20.0% | 6,2 M € | -7.2% | 6,7 M € | +19.7% | 5,6 M € | +94.3% | 2,9 M € | +134% | 1,2 M € | +37.7% | 896,5 k € | +19.5% | 750,5 k € | +158% | 291 k € | +1.5% | 286,6 k € | -7.1% | 308,4 k € | -2.3% | 315,6 k € | +3.5% | 305 k € | -1.8% | 310,7 k € | -8.2% | 338,3 k € | -2.7% | 347,7 k € |
| Cash | 11,6 k € | +63.9% | 7,1 k € | -99.0% | 684 k € | -28.8% | 960,2 k € | -48.8% | 1,9 M € | +16.4% | 1,6 M € | -45.6% | 3 M € | +333% | 683,7 k € | – | 9,1 k € | +81.9% | 5 k € | -98.1% | 258,8 k € | +198983% | 130 € | -97.3% | 4,8 k € | -44.7% | 8,6 k € | -23.1% | 11,2 k € | +105% | 5,5 k € | +60.2% | 3,4 k € | -63.2% | 9,3 k € | +1.3% | 9,2 k € | ||
| Debts | 507,1 k € | +6.7% | 475,1 k € | -82.7% | 2,8 M € | -24.5% | 3,6 M € | -0.2% | 3,7 M € | -27.3% | 5 M € | -10.6% | 5,6 M € | +12.0% | 5 M € | +106% | 2,4 M € | +92.8% | 1,3 M € | +84.7% | 683,4 k € | +135% | 290,9 k € | +260% | 80,9 k € | +26.5% | 63,9 k € | -26.5% | 86,9 k € | +0.2% | 86,8 k € | -0.2% | 87 k € | -8.9% | 95,5 k € | -14.6% | 111,8 k € | -20.7% | 141 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,1 ETP | -50.0% | 0,2 ETP | -60.0% | 0,5 ETP | -44.4% | 0,9 ETP | ||||||||||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 24 ended
Active mandates
Stylia BU
ActiveEnded mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 30/08/2026 | 31/08/2025 | 15/04/2025 | 21/10/2023 | 31/08/2022 | 27/08/2021 |
| General meeting | 25/05/2026 | 26/05/2025 | 27/05/2024 | 02/06/2023 | 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 25/05/2026 | 30/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 26/05/2025 | 31/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 27/05/2024 | 15/04/2025 | Dutch | |
| Abridged model | 31/12/2022 | 02/06/2023 | 21/10/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 31/08/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 27/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 25/05/2020 | 28/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 27/05/2019 | 16/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 28/05/2018 | 30/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 29/05/2017 | 29/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 11/08/2016 | 31/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 25/05/2015 | 25/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 31/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 27/05/2013 | 27/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/05/2012 | 26/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/05/2011 | 29/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 31/05/2010 | 24/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 25/05/2009 | 25/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 26/05/2008 | 26/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 19/06/2007 | 24/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 24 ended
Active mandates
Stylia BU
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution01/07/2026RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring11/05/2026RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates20/10/2025ONTSLAGEN - BENOEMINGEN
- Registered office26/06/2025MAATSCHAPPELIJKE ZETEL
- Registered office04/06/2025MAATSCHAPPELIJKE ZETEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-58,5 k €↑
- 2024Annual accounts 2024-212,4 k €↓
- 2023Annual accounts 2023117,8 k €↓
- 2022Annual accounts 2022656 k €↑
- 2021Annual accounts 2021167,7 k €↓
- 2020Annual accounts 2020535,4 k €↑
- 2019Annual accounts 2019426,6 k €↑
- 2018Annual accounts 2018147,2 k €↓
- 2017Annual accounts 2017500,3 k €↑
- 2016Annual accounts 2016-255,4 k €↓
- 2015Annual accounts 2015-237,4 k €↓
- 2014Annual accounts 2014-7,7 k €↑
- 2013Annual accounts 2013-10,8 k €↓
- 2012Annual accounts 20121,2 k €↑
- 2011Annual accounts 2011-7,6 k €↓
- 2010Annual accounts 201010,3 k €↑
- 2009Annual accounts 2009377,4 €↑
- 2008Annual accounts 2008-11,8 k €↓
- 2007Annual accounts 200722,9 k €↑
- 2006Annual accounts 2006-46,7 k €
- 28/04/2003IncorporationPublic limited company