ACTIVE

VFE

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Financial year 2025 · closed on 31/12/2025
Net result
162 k €
+14.7% YoY
Gross margin
239,3 k €
+7.7% YoY
Equity
604,7 k €
-1.1% YoY

What does VFE do?

VFE is a Private limited company incorporated in 2011. Its main activity is: Electrical installation. Its registered office is in Lebbeke.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0837.613.707
Incorporation
06/07/2011
Legal form
Private limited company
Registered office
Brusselsesteenweg 222
9280 Lebbeke · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
43211Electrical installation· main43211Electrical installation33140Repair of electrical equipment33140Repair of electrical equipment43230Electrical, plumbing and other construction installation activities43240Electrical, plumbing and other construction installation activities+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin239,3 k €222,1 k €220,2 k €162 k €164,9 k €109,5 k €97,5 k €
EBITDA235,1 k €218,5 k €218,7 k €159,4 k €160,9 k €105,7 k €91,7 k €
Operating result223,7 k €201 k €200,1 k €123,7 k €123,3 k €72,3 k €60,5 k €
Net result162 k €141,3 k €141,1 k €83,2 k €83,3 k €50 k €35,2 k €
Balance sheet
Equity604,7 k €611,1 k €469,8 k €407,2 k €370,2 k €328,9 k €278,9 k €
Total assets655,7 k €706,3 k €634,2 k €527,7 k €423,1 k €367,5 k €339,6 k €
Cash541,6 k €558,8 k €457,5 k €396,1 k €287,6 k €146,1 k €141,1 k €
Debts51 k €95,1 k €164,4 k €120,5 k €52,9 k €38,6 k €56,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

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

Active mandates

Frank Verhulst

Administrator - manager

Active

Ended mandates

Frank Verhulst

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
BRIVET● Active
1031.070.012
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 date31/08/202629/08/202529/08/202428/08/202325/08/202231/08/2021
General meeting30/06/202630/06/202530/06/202417/06/202330/06/202230/06/2021
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
Micro model31/12/202530/06/202631/08/2026DutchPDF
Micro model31/12/202430/06/202529/08/2025DutchPDF
Micro model31/12/202330/06/202429/08/2024DutchPDF
Micro model31/12/202217/06/202328/08/2023DutchPDF
Micro model31/12/202130/06/202225/08/2022DutchPDF
Micro model31/12/202030/06/202131/08/2021DutchPDF
Micro model31/12/201920/06/202029/10/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 ended

Active mandates

Frank Verhulst

Administrator - manager

Active

Ended mandates

Frank Verhulst

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares17/04/2019
    KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
    PDF
  • Other18/07/2011
    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 2025162 k €↑
  2. 2024
    Annual accounts 2024141,3 k €↑
  3. 2023
    Annual accounts 2023141,1 k €↑
  4. 2022
    Annual accounts 202283,2 k €↓
  5. 2021
    Annual accounts 202183,3 k €↑
  6. 2020
    Annual accounts 202050 k €↑
  7. 2019
    Annual accounts 201935,2 k €
  8. 06/07/2011
    IncorporationPrivate limited company