ACTIVE

VERIDE

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+110.1% YoY

Gross margin

2,9 M €

+62.8% YoY

Equity

2,9 M €

+57.6% YoY

Workforce

19,1 ETP

+29.1% YoY

What does VERIDE do?

VERIDE is a Private limited company incorporated in 2013. Its main activity is: Construction of utility projects for fluids. Its registered office is in Geel. It employs on average 19,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0537.557.370

Incorporation

20/08/2013

Legal form

Private limited company

Registered office

Lammerdries 18 box 101
2440 Geel · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

19,1 ETP

Activities (NACE)

42212Construction of utility projects for fluids· main 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 36000Water collection, treatment and supply 37000Sewerage 42919Construction of water projects+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	2,9 M €	+62.8%	1,8 M €	+31.8%	1,3 M €	+42.1%	946,1 k €	+3.8%	911,1 k €	+50.8%	604,3 k €	+11.9%	540,2 k €	+28.6%	420 k €	+103%	207,4 k €	+107%	100,3 k €	+154%	39,4 k €	+37.3%	28,7 k €
EBITDA	1,6 M €	+93.8%	804,1 k €	+40.0%	574,2 k €	+50.9%	380,6 k €	-27.5%	524,8 k €	+36.6%	384,1 k €	+9.2%	351,8 k €	+27.7%	275,6 k €	+117%	126,8 k €	+28.6%	98,6 k €	+157%	38,4 k €	+37.7%	27,9 k €
Operating result	1,4 M €	+112%	672,6 k €	+45.3%	462,8 k €	+71.6%	269,7 k €	-35.4%	417,6 k €	+106%	202,8 k €	+9.9%	184,6 k €	+41.2%	130,7 k €	+19.2%	109,6 k €	+21.4%	90,3 k €	+149%	36,3 k €	+30.1%	27,9 k €
Net result	1,1 M €	+110%	504,1 k €	+46.2%	344,9 k €	+77.9%	193,9 k €	-37.4%	309,7 k €	+104%	152 k €	+18.7%	128 k €	+15.9%	110,5 k €	+52.8%	72,3 k €	+11.9%	64,6 k €	+178%	23,2 k €	+26.8%	18,3 k €
Balance sheet
Equity	2,9 M €	+57.6%	1,8 M €	+37.7%	1,3 M €	+23.9%	1,1 M €	+21.9%	884,7 k €	+53.9%	575 k €	+35.9%	423 k €	+43.4%	295 k €	+59.9%	184,5 k €	+64.4%	112,3 k €	+135%	47,7 k €	+94.7%	24,5 k €
Total assets	7,1 M €	+84.0%	3,9 M €	+22.7%	3,2 M €	+17.1%	2,7 M €	+4.6%	2,6 M €	+71.8%	1,5 M €	+28.9%	1,2 M €	+62.8%	715,9 k €	+119%	326,5 k €	+95.0%	167,4 k €	+84.5%	90,8 k €	+167%	34 k €
Cash	1,9 M €	+430%	362,4 k €	-11.7%	410,3 k €	+406%	81,1 k €	-84.9%	536,9 k €	+42.4%	377,1 k €	+10.1%	342,4 k €	+88.5%	181,6 k €	+97.8%	91,8 k €	+21.0%	75,9 k €	+66.6%	45,5 k €	+53.2%	29,7 k €
Debts	4,2 M €	+108%	2 M €	+11.7%	1,8 M €	+12.5%	1,6 M €	-4.5%	1,7 M €	+82.9%	927,5 k €	+24.9%	742,7 k €	+76.4%	420,9 k €	+197%	141,9 k €	+157%	55,1 k €	+28.0%	43,1 k €	+351%	9,5 k €
Other
Workforce	19,1 ETP	+29.1%	14,8 ETP	+23.3%	12,0 ETP	+18.8%	10,1 ETP	+26.2%	8,0 ETP	+81.8%	4,4 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Ward De Wachter

Director · since 01 juillet 2024 · 1010.982.203

Represented by Ward De Wachter

Active

Ended mandates

Ward De Wachter

Administrator - manager · since 01 janvier 2015

Ended

Ward De Wachter

Manager · since 01 janvier 2015

Ended

Tony Borgmans

Administrator - manager · since 20 août 2013 · until 31 décembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
ALNIBO● Active	1034.212.515
Alnibo Groep● Active	0875.738.665
BORIT● Active	0823.517.924
Geo-Aquaplus● Active	0638.985.421
GEO-ENGINEERING● Active	0786.301.794
Geo-Groep● Active	0881.314.284
GEO-PARK● Active	0881.887.673
GEO-REAL ESTATE● Active	0420.647.923
Hydro Global Solution● Active	0770.305.704
PARTNERS IN MARKETING● Active	0473.557.265
Veride Management● Active	1040.343.509

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	29/06/2026	25/06/2025	19/06/2024	09/06/2023	27/06/2022	14/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	09/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	14/06/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	10/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	22/06/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	23/06/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 1 active · 3 ended

Active mandates

Ward De Wachter

Director · since 01 juillet 2024 · 1010.982.203

Represented by Ward De Wachter

Active

Ended mandates

Ward De Wachter

Administrator - manager · since 01 janvier 2015

Ended

Ward De Wachter

Manager · since 01 janvier 2015

Ended

Tony Borgmans

Administrator - manager · since 20 août 2013 · until 31 décembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/08/2026
Benoeming dagelijks bestuurder - Volmachten - Benoeming bestuurders -
PDF
Mandates26/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2023
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other22/08/2013
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

2025
Annual accounts 20251,1 M €↑
2024
Annual accounts 2024504,1 k €↑
2023
Annual accounts 2023344,9 k €↑
2022
Annual accounts 2022193,9 k €↓
2021
Annual accounts 2021309,7 k €↑
2020
Annual accounts 2020152 k €↑
2019
Annual accounts 2019128 k €↑
2018
Annual accounts 2018110,5 k €↑
2017
Annual accounts 201772,3 k €↑
2016
Annual accounts 201664,6 k €↑
2015
Annual accounts 201523,2 k €↑
2014
Annual accounts 201418,3 k €
20/08/2013
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

VERIDE

Overview

What does VERIDE do?

Trend over 12 financial years

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