ACTIVE

VLG-projects

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 k €

-91.0% YoY

Gross margin

277,8 k €

-21.8% YoY

Equity

229,1 k €

-9.2% YoY

What does VLG-projects do?

VLG-projects is a Private limited company incorporated in 2011. Its main activity is: Construction of buildings. Its registered office is in Merksplas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.863.018

Incorporation

28/09/2011

Legal form

Private limited company

Registered office

Steenweg op Weelde 42
2330 Merksplas · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43332Floor and wall covering 43332Floor and wall covering

Joint committees (1)

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 12 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	277,8 k €	-21.8%	355,2 k €	-2.8%	365,5 k €	+9.2%	334,8 k €	+76.6%	189,6 k €	+815%	20,7 k €	-47.1%	39,2 k €	-2.3%	40,1 k €	-31.4%	58,4 k €	-1.7%	59,4 k €	+16.5%	51 k €	-61.1%	131,2 k €
EBITDA	83,6 k €	-17.7%	101,6 k €	-24.2%	134,1 k €	+19.5%	112,2 k €	+18.1%	95 k €	+441%	17,6 k €	-46.9%	33,1 k €	+3214%	-1,1 k €	-105%	21,9 k €	+38.4%	15,8 k €	-6.5%	16,9 k €	-57.5%	39,7 k €
Operating result	15,2 k €	-74.3%	59,1 k €	-36.2%	92,6 k €	+9.7%	84,4 k €	-0.4%	84,7 k €	+2275%	3,6 k €	-82.1%	20 k €	+192%	-21,7 k €	-356%	8,5 k €	+160%	3,3 k €	-38.5%	5,3 k €	+20.1%	4,4 k €
Net result	3,2 k €	-91.0%	35,7 k €	-36.8%	56,4 k €	-6.3%	60,3 k €	-18.5%	73,9 k €	+3740%	1,9 k €	-89.5%	18,3 k €	+181%	-22,6 k €	-545%	5,1 k €	+187%	1,8 k €	-33.6%	2,7 k €	-0.9%	2,7 k €
Balance sheet
Equity	229,1 k €	-9.2%	252,2 k €	+16.5%	216,6 k €	+35.2%	160,2 k €	+34.6%	119 k €	+434%	22,3 k €	+9.5%	20,4 k €	+910%	2 k €	-91.8%	24,6 k €	+26.0%	19,5 k €	+10.0%	17,8 k €	+17.7%	15,1 k €
Total assets	556,3 k €	-3.1%	574,2 k €	+2.2%	562,1 k €	-3.1%	580,2 k €	+12.0%	518 k €	+879%	52,9 k €	-3.8%	55 k €	-9.8%	61 k €	-24.6%	80,9 k €	-1.9%	82,4 k €	-7.7%	89,4 k €	-3.7%	92,8 k €
Cash	28,5 k €	-18.2%	34,8 k €	-14.3%	40,7 k €	+4.9%	38,8 k €	+450%	7 k €		0 €	-100%	8,3 k €		–		5 k €	-50.8%	10,1 k €	+61.6%	6,2 k €	+584%	911 €
Debts	327,1 k €	+1.6%	322 k €	-6.8%	345,6 k €	-17.7%	420,1 k €	+5.3%	399 k €	+1211%	30,4 k €	-12.2%	34,6 k €	-41.3%	59 k €	+4.8%	56,3 k €	-10.6%	62,9 k €	-12.1%	71,6 k €	-7.9%	77,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,8 ETP	-11.1%	0,9 ETP	+12.5%	0,8 ETP	-81.0%	4,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Katrien Walbers

Director · since 01 octobre 2020

Active

Gunther Van Laer

Director · since 01 janvier 2020

Active

Ended mandates

Katrien WALBERS

Director · since 29 octobre 2020

Ended

Gunther VAN LAER

Director · since 28 novembre 2011

Ended

Gunther Van Laer

Administrator - manager · since 03 octobre 2011

Ended

Gunther Van Laer

Manager · since 03 octobre 2011

Ended

At this address

Other companies at this address

Company	CBE no.
VALUE TREES● Bankrupt	0829.825.991

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	24/07/2025	30/09/2024	11/08/2023	10/08/2022	10/06/2021
General meeting	10/06/2026	30/06/2025	12/06/2024	14/06/2023	08/06/2022	09/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	10/06/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Micro model	31/12/2023	12/06/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	14/06/2023	11/08/2023	Dutch	PDF
Micro model	31/12/2021	08/06/2022	10/08/2022	Dutch	PDF
Micro model	31/12/2020	09/06/2021	10/06/2021	Dutch	PDF
Micro model	31/12/2019	12/08/2020	17/08/2020	Dutch	PDF
Micro model	31/12/2018	12/06/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	13/06/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	14/06/2017	16/06/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	27/08/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 5 ended

Active mandates

Katrien Walbers

Director · since 01 octobre 2020

Active

Gunther Van Laer

Director · since 01 janvier 2020

Active

Ended mandates

Katrien WALBERS

Director · since 29 octobre 2020

Ended

Gunther VAN LAER

Director · since 28 novembre 2011

Ended

Gunther Van Laer

Administrator - manager · since 03 octobre 2011

Ended

Gunther Van Laer

Manager · since 03 octobre 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office06/02/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other13/10/2011
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

2025
Annual accounts 20253,2 k €↓
2024
Annual accounts 202435,7 k €↓
2023
Annual accounts 202356,4 k €↓
2022
Annual accounts 202260,3 k €↓
2021
Annual accounts 202173,9 k €↑
2018
Annual accounts 20181,9 k €↓
2017
Annual accounts 201718,3 k €↑
2016
Annual accounts 2016-22,6 k €↓
2015
Annual accounts 20155,1 k €↑
2014
Annual accounts 20141,8 k €↓
2013
Annual accounts 20132,7 k €↓
2012
Annual accounts 20122,7 k €
28/09/2011
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VLG-projects

Overview

What does VLG-projects do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline