ACTIVE

Vervaeke Fibers

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Financial year 2024 · closed on 31/12/2024
Net result
2,8 M €
+37.2% YoY
Gross margin
1,4 M €
+81.3% YoY
Equity
8,6 M €
+49.0% YoY
Workforce
1,0 ETP
0.0% YoY

What does Vervaeke Fibers do?

Vervaeke Fibers is a Private limited company incorporated in 2013. Its main activity is: Preparation and spinning of textile fibres. Its registered office is in Wielsbeke. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0521.832.383
Incorporation
06/03/2013
Legal form
Private limited company
Registered office
Rijksweg 442 box 3
8710 Wielsbeke · FlandreSee on map
Contributed capital
50 000,00 €
Latest accounts
31/12/2024
Average workforce
1,0 ETP
Activities (NACE)
13100Preparation and spinning of textile fibres· main46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods64200Activities of holding companies64210Activities of holding companies68100Buying and selling of own real estate+3
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20242023202220212020201920182017201620152014
Income statement
Gross margin1,4 M €791,8 k €723,4 k €520,1 k €325,1 k €556,5 k €474,7 k €561,8 k €373,8 k €112,7 k €206,3 k €
EBITDA1,3 M €676 k €625,6 k €434 k €226,7 k €489 k €454,4 k €552,2 k €360,8 k €111,2 k €206 k €
Operating result1,1 M €531,6 k €480,7 k €201,2 k €112,3 k €421,6 k €389,2 k €416,1 k €339,2 k €41,9 k €205,7 k €
Net result2,8 M €2,1 M €1,7 M €580,7 k €581,8 k €239,7 k €237,9 k €229,6 k €200,5 k €5,1 k €182,2 k €
Balance sheet
Equity8,6 M €5,8 M €3,7 M €2 M €1,5 M €889,8 k €660 k €467,1 k €269,8 k €69,3 k €64,2 k €
Total assets10,2 M €7,7 M €5,8 M €4,3 M €3,4 M €3,6 M €3,4 M €3 M €2,6 M €1,6 M €1 M €
Cash790,5 k €100,6 k €1,4 M €420 k €65,9 k €125,5 k €24,3 k €126,2 k €71,2 k €1,2 k €–
Debts1,5 M €1,9 M €2 M €2,2 M €1,9 M €2,7 M €2,6 M €2,5 M €2,4 M €1,5 M €910,4 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

Emanuel Lagast

Director · since 27 avril 2020

Active

Ended mandates

Lagaco

Manager · since 13 mai 2013 · 0834.395.681

Represented by Manu Lagast

Ended
Emanuel Lagast

Manager · since 06 mars 2013

Ended
Emanuel Lagast

Director

Ended
Emanuel Lagast

Manager

Ended
At this address

Other companies at this address

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B.I.G. FLOORCOVERINGS● Active
0452.751.953
DEROTEX● Active
0461.820.463
EUROWOOD● Active
0433.136.771
Spillebeen● Active
0402.755.678
The Circular Fiber Group● Active
1030.064.972
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202519/06/202412/06/202315/06/202214/06/202108/07/2020
General meeting13/06/202514/06/202409/06/202310/06/202211/06/202112/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202413/06/202502/07/2025DutchPDF
Abridged model31/12/202314/06/202419/06/2024DutchPDF
Abridged model31/12/202209/06/202312/06/2023DutchPDF
Abridged model31/12/202110/06/202215/06/2022DutchPDF
Abridged model31/12/202011/06/202114/06/2021DutchPDF
Abridged model31/12/201912/06/202008/07/2020DutchPDF
Abridged model31/12/201814/06/201928/08/2019DutchPDF
Abridged model31/12/201731/07/201831/08/2018DutchPDF
Abridged model31/12/201609/06/201729/08/2017DutchPDF
Abridged model31/12/201510/06/201631/08/2016DutchPDF
Abridged model31/12/201431/07/201531/08/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2024 · 1 active · 5 ended

Active mandates

Emanuel Lagast

Director · since 27 avril 2020

Active

Ended mandates

Lagaco

Manager · since 13 mai 2013 · 0834.395.681

Represented by Manu Lagast

Ended
Emanuel Lagast

Manager · since 06 mars 2013

Ended
Emanuel Lagast

Director

Ended
Emanuel Lagast

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/05/2026
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Restructuring12/05/2020
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/02/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring06/01/2017
    BENAMING - DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring03/06/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates08/08/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/03/2013
    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

Timeline

  1. 2024
    Annual accounts 20242,8 M €↑
  2. 2023
    Annual accounts 20232,1 M €↑
  3. 2022
    Annual accounts 20221,7 M €↑
  4. 2021
    Annual accounts 2021580,7 k €↓
  5. 2020
    Annual accounts 2020581,8 k €↑
  6. 2019
    Annual accounts 2019239,7 k €↑
  7. 2018
    Annual accounts 2018237,9 k €↑
  8. 2017
    Annual accounts 2017229,6 k €↑
  9. 2016
    Annual accounts 2016200,5 k €↑
  10. 2016
    Name changeLagaco
  11. 2015
    Annual accounts 20155,1 k €↓
  12. 2014
    Annual accounts 2014182,2 k €
  13. 2014
    Name changeSaiseico
  14. 06/03/2013
    IncorporationPrivate limited company