ACTIVE

PARCOURS VBTM

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Financial year 2025 · closed on 31/12/2025
Net result
-6,2 k €
+38.0% YoY
Gross margin
1,5 k €
+159.8% YoY
Equity
195,2 k €
-3.1% YoY

What does PARCOURS VBTM do?

PARCOURS VBTM is a Cooperative company with limited liability incorporated in 2013. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Aalst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0535.559.071
Incorporation
10/06/2013
Legal form
Cooperative company with limited liability
Registered office
Jozef Meganckstraat 29
9300 Aalst · FlandreSee on map
Contributed capital
208 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
72109Research and experimental development on natural sciences and engineering· main72190Other research and experimental development on natural sciences and engineering
Signals
Solid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin1,5 k €-2,5 k €9,3 k €13 k €11,5 k €10,1 k €8,1 k €20,5 k €25,7 k €23,7 k €11 k €14,7 k €111,7 €
EBITDA123,8 €-3,6 k €8,3 k €11,8 k €10,6 k €8,9 k €7,2 k €19,7 k €24,8 k €22,8 k €10,1 k €14 k €111,7 €
Operating result-6,9 k €-10,8 k €1,2 k €4,7 k €3,4 k €2 k €-4,5 k €7,8 k €12,8 k €10,6 k €-1,9 k €9,3 k €-10,2 k €
Net result-6,2 k €-9,9 k €1,7 k €5,5 k €4,2 k €2,7 k €-3,1 k €6,7 k €5,6 k €2 k €-13,4 k €1,8 k €-10,6 k €
Balance sheet
Equity195,2 k €201,4 k €211,3 k €209,6 k €204,1 k €199,8 k €197,1 k €200,3 k €193,5 k €187,9 k €-7,1 k €6,3 k €4,4 k €
Total assets315,9 k €311,4 k €327,6 k €317,1 k €312,2 k €305 k €304,7 k €353,3 k €361 k €320,4 k €381,7 k €271,2 k €224,7 k €
Cash37,4 k €36,6 k €26,2 k €27,2 k €16,5 k €2 k €3,4 k €3,9 k €4,8 k €8,8 k €5,3 k €5 k €13 k €
Debts120 k €109,9 k €116,2 k €102,5 k €108 k €104,2 k €107,6 k €153 k €167,4 k €132,1 k €388,5 k €263,7 k €217,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

BOOTTOCHTEN BOVENSCHELDE EN LEIE

Director · 0459.986.866

Represented by Nicole Van Belle

Active
Etappe

Director · 0415.884.431

Represented by Erik Meuleman

Active
FONDS MILIEUPROJECTEN EN EDUCATIEVE PASSAGIERSVAART SCHELDEBEKKEN

Director · 0421.526.762

Represented by Dolores Baïta

Active
Guido Moens

Managing director

Active

Ended mandates

David Kuborn

Director · since 01 juin 2013 · until 01 juin 2020

Ended
Etappe

Director · since 01 juin 2013 · until 01 juin 2020 · 0415.884.431

Represented by Erik Meuleman

Ended
FONDS MILIEUPROJECTEN EN EDUCATIEVE PASSAGIERSVAART SCHELDEBEKKEN

Director · since 01 juin 2013 · until 01 juin 2020 · 0421.526.762

Represented by Dolores Baïta

Ended
Guido Moens

Managing director · since 01 juin 2013 · until 01 juin 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
BOOTTOCHTEN BOVENSCHELDE EN LEIE● Active
0459.986.866
Etappe● Active
0415.884.431
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/08/202627/08/202523/08/202425/07/202326/08/202225/08/2021
General meeting01/06/202610/06/202503/06/202405/06/202306/06/202207/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202626/08/2026DutchPDF
Micro model31/12/202410/06/202527/08/2025DutchPDF
Micro model31/12/202303/06/202423/08/2024DutchPDF
Micro model31/12/202205/06/202325/07/2023DutchPDF
Micro model31/12/202106/06/202226/08/2022DutchPDF
Micro model31/12/202007/06/202125/08/2021DutchPDF
Micro model31/12/201902/06/202026/08/2020DutchPDF
Micro model31/12/201803/06/201927/08/2019DutchPDF
Micro model31/12/201704/06/201813/08/2018DutchPDF
Micro model31/12/201605/06/201716/08/2017DutchPDF
Abridged model31/12/201506/06/201619/08/2016DutchPDF
Abridged model31/12/201401/06/201526/08/2015DutchPDF
Abridged model31/12/201302/06/201425/08/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 4 active · 4 ended

Active mandates

BOOTTOCHTEN BOVENSCHELDE EN LEIE

Director · 0459.986.866

Represented by Nicole Van Belle

Active
Etappe

Director · 0415.884.431

Represented by Erik Meuleman

Active
FONDS MILIEUPROJECTEN EN EDUCATIEVE PASSAGIERSVAART SCHELDEBEKKEN

Director · 0421.526.762

Represented by Dolores Baïta

Active
Guido Moens

Managing director

Active

Ended mandates

David Kuborn

Director · since 01 juin 2013 · until 01 juin 2020

Ended
Etappe

Director · since 01 juin 2013 · until 01 juin 2020 · 0415.884.431

Represented by Erik Meuleman

Ended
FONDS MILIEUPROJECTEN EN EDUCATIEVE PASSAGIERSVAART SCHELDEBEKKEN

Director · since 01 juin 2013 · until 01 juin 2020 · 0421.526.762

Represented by Dolores Baïta

Ended
Guido Moens

Managing director · since 01 juin 2013 · until 01 juin 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/02/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/09/2013
    KAPITAAL - AANDELEN
    PDF
  • Other19/06/2013
    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. 2025
    Annual accounts 2025-6,2 k €↑
  2. 2024
    Annual accounts 2024-9,9 k €↓
  3. 2023
    Annual accounts 20231,7 k €↓
  4. 2022
    Annual accounts 20225,5 k €↑
  5. 2021
    Annual accounts 20214,2 k €↑
  6. 2020
    Annual accounts 20202,7 k €↑
  7. 2019
    Annual accounts 2019-3,1 k €↓
  8. 2018
    Annual accounts 20186,7 k €↑
  9. 2017
    Annual accounts 20175,6 k €↑
  10. 2016
    Annual accounts 20162 k €↑
  11. 2015
    Annual accounts 2015-13,4 k €↓
  12. 2014
    Annual accounts 20141,8 k €↑
  13. 2013
    Annual accounts 2013-10,6 k €
  14. 10/06/2013
    IncorporationCooperative company with limited liability