ACTIVE

VMK TEGELS

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Financial year 2025 · closed on 31/12/2025
Net result
61,3 k €
+18.1% YoY
Gross margin
756,7 k €
-6.2% YoY
Equity
475,5 k €
+14.8% YoY

What does VMK TEGELS do?

VMK TEGELS is a Private limited company incorporated in 2011. Its main activity is: Site preparation. Its registered office is in Evere.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.595.880
Incorporation
18/08/2011
Legal form
Private limited company
Registered office
Rue Godfroid Kurth 33
1140 Evere · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
43120Site preparation· main43120Site preparation43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.43130Test drilling and boring43130Test drilling and boring+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212021202020192018201720162015201420132012
Income statement
Gross margin756,7 k €806,6 k €1 M €1,1 M €437,6 k €730,7 k €463,9 k €314,4 k €164,7 k €144,6 k €84,7 k €72,7 k €21,5 k €758 €71 €
EBITDA111,4 k €128 k €123,6 k €116,7 k €18,5 k €114,7 k €118,6 k €40 k €33,1 k €43,1 k €24,2 k €18,5 k €12,2 k €669 €-18 €
Operating result86 k €98,5 k €91,3 k €86,6 k €8 k €92,9 k €102 k €22,8 k €17 k €31,1 k €17,4 k €11,7 k €10,1 k €669 €-18 €
Net result61,3 k €51,9 k €77,6 k €35,7 k €7,2 k €51,4 k €96,3 k €6,9 k €7,1 k €27,7 k €14,5 k €11,3 k €7,4 k €609 €-44 €
Balance sheet
Equity475,5 k €414,2 k €362,3 k €284,7 k €249,1 k €241,8 k €190,4 k €94,1 k €87,2 k €80 k €52,3 k €37,9 k €26,5 k €6,8 k €6,2 k €
Total assets552,9 k €490,3 k €576,4 k €461,6 k €416,7 k €402,5 k €254,4 k €166,7 k €151,7 k €144,4 k €112,2 k €91,4 k €36,3 k €6,8 k €10,4 k €
Cash40,7 k €129,2 k €7,8 k €199,9 k €175,9 k €46,1 k €24,4 k €91,8 k €12,4 k €36,8 k €8,2 k €38,9 k €7,9 k €2,1 k €946 €
Debts77,4 k €76,1 k €214 k €176,8 k €167,6 k €160,7 k €64 k €72,6 k €64,5 k €64,4 k €59,8 k €53,5 k €9,8 k €–4,2 k €
Other
Workforce––––––––––59 800,0 ETP53 441,0 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 · 1 active

Active mandates

MUHARREM KUSCU

Mandate

Active
At this address

Other companies at this address

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0787.873.293
TOTO R.● Active
0821.252.676
Annual accounts

Full financial information

202520242023202220212021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202101/07/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2021
Length of the financial year12 months12 months12 months12 months6 months12 months
Filing date04/03/202607/03/202524/02/202410/05/202304/05/202221/02/2022
General meeting03/03/202619/02/202523/02/202404/05/202303/05/202218/02/2022
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202503/03/202604/03/2026FrenchPDF
Micro model31/12/202419/02/202507/03/2025FrenchPDF
Micro model31/12/202323/02/202424/02/2024FrenchPDF
Micro model31/12/202204/05/202310/05/2023FrenchPDF
Micro model31/12/202103/05/202204/05/2022FrenchPDF
Micro model30/06/202118/02/202221/02/2022FrenchPDF
Micro model30/06/202010/12/202011/01/2021FrenchPDF
Micro model30/06/201912/12/201925/12/2019FrenchPDF
Abridged model30/06/201818/12/201825/01/2019FrenchPDF
Abridged model30/06/201714/12/201726/12/2017FrenchPDF
Abridged model30/06/201615/12/201629/12/2016FrenchPDF
Abridged model30/06/201515/12/201521/12/2015FrenchPDF
Abridged model30/06/201427/11/201428/11/2014FrenchPDF
Abridged model30/06/201320/12/201327/01/2014FrenchPDF
Abridged model30/06/201221/12/201207/02/2013FrenchPDF
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 · 1 active

Active mandates

MUHARREM KUSCU

Mandate

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/12/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates20/08/2020
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office13/07/2017
    SIEGE SOCIAL
    PDF
  • Mandates11/01/2017
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/09/2016
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/08/2016
    SIEGE SOCIAL
    PDF
  • Mandates22/02/2016
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2015
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    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 202561,3 k €↑
  2. 2024
    Annual accounts 202451,9 k €↓
  3. 2023
    Annual accounts 202377,6 k €↑
  4. 2022
    Annual accounts 202235,7 k €↑
  5. 2021
    Annual accounts 20217,2 k €↓
  6. 2021
    Annual accounts 202151,4 k €↓
  7. 2020
    Annual accounts 202096,3 k €↑
  8. 2019
    Annual accounts 20196,9 k €↓
  9. 2018
    Annual accounts 20187,1 k €↓
  10. 2017
    Annual accounts 201727,7 k €↑
  11. 2016
    Annual accounts 201614,5 k €↑
  12. 2015
    Annual accounts 201511,3 k €↑
  13. 2014
    Annual accounts 20147,4 k €↑
  14. 2013
    Annual accounts 2013609 €↑
  15. 2012
    Annual accounts 2012-44 €
  16. 18/08/2011
    IncorporationPrivate limited company