ACTIVE

Vulpia Vlaanderen

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result596,8 k €-91,3 %over 1 year

Revenue198,2 M €+4,6 %over 1 year

Equity617,9 k €+2 158,3 %over 1 year

Workforce1 902,1 ETP+4,9 %over 1 year

Identity

Source · BCE/KBO

Vulpia Vlaanderen is a Non-profit organization incorporated in 2013. Its main activity is: Residential nursing care activities. Its registered office is in Brasschaat. It employs on average 1 902,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0521.970.559
Incorporation: 14/02/2013
Legal form: Non-profit organization
Registered office: Ruiterijschool 6
2930 Brasschaat · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 1 902,1 ETP

Activities (NACE)

87101Residential nursing care activities· main 87101Residential nursing care activities 87301Residential care activities for the elderly and disabled 87301Residential care activities for the elderly and disabled

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 8 financial years

	2025		2024		2023		2021		2020
Income statement
Revenue	198,2 M €	+4.6%	189,4 M €	+8.0%	175,3 M €	+43.8%	121,9 M €	-1.8%	124,2 M €
EBITDA	7 M €	-47.3%	13,3 M €	+33.4%	10 M €	+133%	4,3 M €	+13.8%	3,8 M €
Operating result	1,5 M €	-81.1%	8,1 M €	+101%	4 M €	+314%	-1,9 M €	+30.0%	-2,7 M €
Net result	596,8 k €	-91.3%	6,9 M €	+111%	3,3 M €	+205%	-3,1 M €	+16.7%	-3,7 M €
Balance sheet
Equity	617,9 k €	+2158%	27,4 k €	+100%	-7,9 M €	+3.5%	-8,2 M €	-61.2%	-5,1 M €
Total assets	69 M €	+0.3%	68,8 M €	+15.3%	59,6 M €	+0.7%	59,2 M €	-2.0%	60,4 M €
Cash	10,6 M €	-25.2%	14,1 M €	+77.6%	8 M €	+37.7%	5,8 M €	-12.6%	6,6 M €
Debts	61,1 M €	+0.0%	61,1 M €	+1.5%	60,1 M €	-4.0%	62,7 M €	+3.1%	60,8 M €
Other
Workforce	1 902,1 ETP	+4.9%	1 812,5 ETP	+4.7%	1 730,5 ETP	+15.3%	1 500,8 ETP	+2.3%	1 466,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc Van Moerzeke	Directorsince 14/02/2013
Lucas Van Moerzeke	Directorsince 29/12/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc V. Moerzeke	Director29/12/2023 → 2024 accounts
Green Tara Group0477.516.845Represented by Luc Van Moerzeke	Director14/02/2013 → 2019 accounts
Vulpia Care0885.883.479Represented by Luc Van Moerzeke	Director30/04/2019 → 2019 accounts

Other companies at this address

Ruiterijschool 6 2930 Brasschaat

Company	CBE no.
BURDOCK CONSULTANTS BELGIUM● Active	0478.217.522
DE WIELINGEN INVEST● Active	0818.147.686
Herenhof VZW● Active	0842.029.581
Het Veld● Active	1036.718.677
OVERSEAS DISTRIBUTION AFRICA● Active	0459.988.351
Sense Development● Active	0538.473.823
SENSE INVEST● Active	0444.231.195
Sense Real Estate● Active	0473.395.830
TE - GROUP● Bankrupt	0871.164.423
Vulpia Care● Active	0885.883.479
VULPIAFIN● Active	0501.996.873
Vulpia Finishing● Active	0841.820.438
Vulpia Food Services● Active	0883.467.882
Vulpia Premium Living● Active	0506.953.870

Full financial information

Source · NBB

	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	23/07/2026	17/07/2025	17/07/2024	26/07/2023	06/07/2022	16/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	23/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	17/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	17/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	22/07/2020	Dutch	PDF
Full modelCorrection	31/12/2018	28/06/2019	16/10/2019	Dutch	PDF
Full model	31/12/2018	28/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	19/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	19/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	08/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	21/08/2015	Dutch	PDF
Full modelCorrection	31/12/2013	27/06/2014	10/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	31/12/2014	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc Van Moerzeke	Directorsince 14/02/2013
Lucas Van Moerzeke	Directorsince 29/12/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luc V. Moerzeke	Director29/12/2023 → 2024 accounts
Green Tara Group0477.516.845Represented by Luc Van Moerzeke	Director14/02/2013 → 2019 accounts
Vulpia Care0885.883.479Represented by Luc Van Moerzeke	Director30/04/2019 → 2019 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/10/2026
Benoeming commissaris + volmacht
PDF
Restructuring21/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2019
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares01/02/2019
KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings8 filings

Mandates

Luc Van Moerzeke

Lucas Van Moerzeke

Luc V. Moerzeke

Green Tara Group

Vulpia Care

20132014201520162017201820192020202120222023202420252026

Vulpia Vlaanderen

Ruiterijschool 6, 2930 Brasschaat

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ruiterijschool 6, 2930 BrasschaatCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00322708

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Vulpia VlaanderenCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00322708

Events

2025
Annual accounts 2025596,8 k €↓
2024
Annual accounts 20246,9 M €↑
2023
Annual accounts 20233,3 M €↑
01/01/2023
reconductionKoen De Nijs · commissaris
2021
Annual accounts 2021-3,1 M €↑
2020
Annual accounts 2020-3,7 M €↓
2019
Annual accounts 2019-3,3 M €↓
2014
Annual accounts 20142,6 M €↑
2013
Annual accounts 20131,4 M €
14/02/2013
IncorporationNon-profit organization

Vulpia Vlaanderen

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events