ACTIVE

Vitrea

Financial year 2025 · closed on 31/12/2025
Net result
105,1 k €
+11.4% YoY
Gross margin
185,5 k €
+27.7% YoY
Equity
167 k €
+169.6% YoY
Workforce
1,0 ETP
0.0% YoY

What does Vitrea do?

Vitrea is a Public limited company incorporated in 2019. Its main activity is: Joinery installation. Its registered office is in Hasselt. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0725.469.334
Incorporation
17/04/2019
Legal form
Public limited company
Registered office
Luikersteenweg 254
3500 Hasselt · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin185,5 k €145,3 k €122,9 k €77,8 k €-20,8 k €-69,7 k €-20,8 k €
EBITDA144,7 k €103,8 k €51,6 k €32,7 k €-52,3 k €-89,5 k €-21,2 k €
Operating result143,8 k €102 k €49,1 k €28,9 k €-55,5 k €-90,7 k €-21,4 k €
Net result105,1 k €94,3 k €47,5 k €27,3 k €-56,9 k €-90,9 k €-21,4 k €
Balance sheet
Equity167 k €61,9 k €-32,4 k €-79,9 k €-107,1 k €-50,2 k €40,6 k €
Total assets250,7 k €216,7 k €111,9 k €63,4 k €44,9 k €14,6 k €41,6 k €
Cash212 k €155,7 k €71,5 k €30,1 k €669,8 €1,9 k €38,5 k €
Debts83,5 k €154,6 k €144,1 k €143 k €152 k €64,8 k €968 €
Other
Workforce1,0 ETP1,0 ETP1,6 ETP1,2 ETP1,0 ETP0,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

GROUP A

Director · since 02 septembre 2025 · until 24 avril 2030 · 0417.514.724

Represented by Michiel Odeurs

Active
Daniel Rysciuk

Director · since 25 avril 2024 · until 24 avril 2030

Active

Ended mandates

Virtus

Director · since 25 avril 2024 · until 24 avril 2030 · 0546.800.579

Represented by Michiel Odeurs

Ended
Daniel Rysciuk

Director · since 16 avril 2019 · until 16 avril 2025

Ended
Lumia

Managing director · since 16 avril 2019 · until 16 avril 2025 · 0712.888.137

Represented by Michiel Odeurs

Ended
At this address

Other companies at this address

CompanyCBE no.
BelicraftActive
1007.445.364
BELILIEGEActive
0526.977.343
B-FramesActive
0763.902.120
GROUP AActive
0417.514.724
RAMATE INVESTActive
0887.006.404
RavotActive
0768.547.133
TovarActive
0768.554.457
TRIOActive
0476.864.569
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202631/08/202531/08/202430/08/202321/06/202231/08/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202211/05/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/05/202631/08/2026DutchPDF
Abridged model31/12/202413/05/202531/08/2025DutchPDF
Abridged model31/12/202314/05/202431/08/2024DutchPDF
Abridged model31/12/202209/05/202330/08/2023DutchPDF
Abridged model31/12/202110/05/202221/06/2022DutchPDF
Abridged model31/12/202011/05/202131/08/2021DutchPDF
Abridged model31/12/201931/08/202006/10/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 3 ended

Active mandates

GROUP A

Director · since 02 septembre 2025 · until 24 avril 2030 · 0417.514.724

Represented by Michiel Odeurs

Active
Daniel Rysciuk

Director · since 25 avril 2024 · until 24 avril 2030

Active

Ended mandates

Virtus

Director · since 25 avril 2024 · until 24 avril 2030 · 0546.800.579

Represented by Michiel Odeurs

Ended
Daniel Rysciuk

Director · since 16 avril 2019 · until 16 avril 2025

Ended
Lumia

Managing director · since 16 avril 2019 · until 16 avril 2025 · 0712.888.137

Represented by Michiel Odeurs

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/01/2026
    Ontslag en benoeming bestuursorgaan
    PDF
  • Mandates24/05/2024
    ONTSLAGEN, BENOEMINGEN, STATUTEN (VERTALING,
    PDF
  • Other19/04/2019
    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 2025105,1 k €
  2. 2024
    Annual accounts 202494,3 k €
  3. 2023
    Annual accounts 202347,5 k €
  4. 2022
    Annual accounts 202227,3 k €
  5. 2021
    Annual accounts 2021-56,9 k €
  6. 2020
    Annual accounts 2020-90,9 k €
  7. 2019
    Annual accounts 2019-21,4 k €
  8. 17/04/2019
    IncorporationPublic limited company