ACTIVE

VSF MANAGEMENT

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Financial year 2025 · closed on 31/12/2025
Net result
647,4 k €
+132.1% YoY
Gross margin
1,2 M €
+99.0% YoY
Equity
980,4 k €
+194.4% YoY
Workforce
0,0 ETP

What does VSF MANAGEMENT do?

VSF MANAGEMENT is a Private limited company incorporated in 2023. Its main activity is: Management consultancy activities. Its registered office is in Nandrin.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0802.053.507
Incorporation
24/05/2023
Legal form
Private limited company
Registered office
Route du Condroz 322
4550 Nandrin · WallonieSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities64200Activities of holding companies64210Activities of holding companies66199Other activities auxiliary to financial services, except insurance and pension funding66199Other activities auxiliary to financial services, except insurance and pension funding+6
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin1,2 M €599,6 k €97,8 k €
EBITDA1,2 M €599,2 k €97,5 k €
Operating result1,2 M €599,2 k €97,5 k €
Net result647,4 k €278,9 k €44,1 k €
Balance sheet
Equity980,4 k €333 k €54,1 k €
Total assets11,3 M €10,4 M €4,9 M €
Cash129,8 k €135,5 k €43 k €
Debts10,3 M €10 M €4,9 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP
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 · 2 active

Active mandates

François Van Sull

Manager · since 23 mai 2023

Active
Roel Fiey

Manager · since 23 mai 2023

Active
At this address

Other companies at this address

CompanyCBE no.
P4INVEST● Active
0673.662.327
PHARM INVEST● Active
1041.311.034
VSF IMMO● Active
1024.471.834
Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202423/05/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months8 months
Filing date03/06/202603/06/202530/05/2024
General meeting23/05/202624/05/202525/05/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/05/202603/06/2026FrenchPDF
Abridged model31/12/202424/05/202503/06/2025FrenchPDF
Abridged model31/12/202325/05/202430/05/2024DutchPDF
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 · 2 active

Active mandates

François Van Sull

Manager · since 23 mai 2023

Active
Roel Fiey

Manager · since 23 mai 2023

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring19/06/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates13/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other26/05/2023
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025647,4 k €↑
  2. 2024
    Annual accounts 2024278,9 k €↑
  3. 2023
    Annual accounts 202344,1 k €
  4. 24/05/2023
    IncorporationPrivate limited company