ACTIVE

VPK FINANCE

Financial year 2025 · closed on 31/12/2025
Net result
5 M €
-58.6% YoY
Gross margin
-3,3 k €
+62.5% YoY
Equity
10,4 M €
+0.3% YoY

What does VPK FINANCE do?

VPK FINANCE is a Public limited company incorporated in 2020. Its registered office is in Aalst.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0752.756.721
Incorporation
20/08/2020
Legal form
Public limited company
Registered office
Kareelstraat 108
9300 Aalst · FlandreSee on map
Contributed capital
5 000 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-3,3 k €-8,7 k €-4,5 k €-4,3 k €-7,6 k €
EBITDA-4,4 k €-9,8 k €-5,6 k €-5,3 k €-7,9 k €
Operating result-4,4 k €-9,8 k €-5,6 k €-5,3 k €-7,9 k €
Net result5 M €12,1 M €7,8 M €24,6 M €5 M €
Balance sheet
Equity10,4 M €10,3 M €10,2 M €10,4 M €10,3 M €
Total assets15,4 M €10,3 M €18,2 M €34,9 M €15,3 M €
Cash7,9 k €13,3 k €4,8 k €10,4 k €11 k €
Debts5 M €1,3 k €8 M €24,5 M €5 M €
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 · 3 active · 2 ended

Active mandates

UNI-PAR

Managing director · since 04 août 2022 · until 02 juin 2028 · 0465.120.641

Represented by Pierre Macharis

Active
ZENDEN

Director · since 04 juin 2021 · until 04 juin 2027 · 0728.600.553

Represented by Denis Zenner

Active
FinCoPro

Director · since 28 juillet 2020 · until 05 juin 2026 · 0895.515.777

Represented by Erik Peeters

Active

Ended mandates

UNI-PAR

Director · since 28 juillet 2020 · until 05 juin 2026 · 0465.120.641

Represented by Pierre Macharis

Ended
UNI-PAR

Managing director · since 28 juillet 2020 · until 02 juin 2023 · 0465.120.641

Represented by Pierre Macharis

Ended
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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 date10/06/202617/06/202512/06/202416/06/202308/06/202209/08/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202610/06/2026DutchPDF
Abridged model31/12/202406/06/202517/06/2025DutchPDF
Abridged model31/12/202307/06/202412/06/2024DutchPDF
Abridged model31/12/202202/06/202316/06/2023DutchPDF
Abridged model31/12/202103/06/202208/06/2022DutchPDF
Abridged model31/12/202004/06/202109/08/2021DutchPDF
Full model28/07/202028/07/202010/09/2020DutchPDF
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 · 3 active · 2 ended

Active mandates

UNI-PAR

Managing director · since 04 août 2022 · until 02 juin 2028 · 0465.120.641

Represented by Pierre Macharis

Active
ZENDEN

Director · since 04 juin 2021 · until 04 juin 2027 · 0728.600.553

Represented by Denis Zenner

Active
FinCoPro

Director · since 28 juillet 2020 · until 05 juin 2026 · 0895.515.777

Represented by Erik Peeters

Active

Ended mandates

UNI-PAR

Director · since 28 juillet 2020 · until 05 juin 2026 · 0465.120.641

Represented by Pierre Macharis

Ended
UNI-PAR

Managing director · since 28 juillet 2020 · until 02 juin 2023 · 0465.120.641

Represented by Pierre Macharis

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/09/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/11/2021
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/08/2020
    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 20255 M €
  2. 2024
    Annual accounts 202412,1 M €
  3. 2023
    Annual accounts 20237,8 M €
  4. 2022
    Annual accounts 202224,6 M €
  5. 2021
    Annual accounts 20215 M €
  6. 20/08/2020
    IncorporationPublic limited company