ACTIVE

Vestad

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Financial year 2025 · closed on 31/03/2025

Net result

55 k €

+401.8% YoY

Gross margin

1,5 M €

+11.3% YoY

Equity

380,1 k €

+15.7% YoY

Workforce

18,8 ETP

+6.8% YoY

What does Vestad do?

Vestad is a Private limited company incorporated in 2012. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Lille. It employs on average 18,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.223.959

Incorporation

28/02/2012

Legal form

Private limited company

Registered office

Poederleese weg 20
2275 Lille · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2025

Average workforce

18,8 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 71111Architectural activities 71111Architectural activities 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	1,5 M €	+11.3%	1,3 M €	+36.9%	955,2 k €	+27.3%	750,2 k €	+21.8%	615,9 k €	+21.5%	506,9 k €	+25.3%	404,6 k €	-13.1%	465,7 k €	+38.2%	337,1 k €	-17.0%	405,9 k €	+28.5%	315,9 k €	+52.5%	207,2 k €	+174%	75,7 k €
EBITDA	274,5 k €	+90.4%	144,2 k €	+2.6%	140,5 k €	-22.9%	182,4 k €	-9.7%	202 k €	+98.1%	101,9 k €	+39.9%	72,9 k €	-19.9%	91 k €	-21.3%	115,5 k €	+20.9%	95,6 k €	+17.4%	81,4 k €	+13.4%	71,8 k €	+4.8%	68,5 k €
Operating result	148,4 k €	+1160%	11,8 k €	-83.1%	69,6 k €	-28.2%	96,8 k €	-23.7%	126,9 k €	+357%	27,8 k €	+1.4%	27,4 k €	-42.0%	47,2 k €	-26.9%	64,6 k €	+35.3%	47,7 k €	-4.2%	49,8 k €	+9.7%	45,4 k €	-5.5%	48,1 k €
Net result	55 k €	+402%	-18,2 k €	-146%	39,7 k €	-31.2%	57,7 k €	-40.5%	96,8 k €	+453%	17,5 k €	-11.5%	19,8 k €	-16.8%	23,8 k €	-28.2%	33,1 k €	+48.5%	22,3 k €	-25.4%	29,9 k €	+3.1%	29 k €	-9.3%	32 k €
Balance sheet
Equity	380,1 k €	+15.7%	328,5 k €	-5.3%	346,7 k €	+12.9%	307 k €	+11.9%	274,3 k €	+28.4%	213,6 k €	+8.9%	196,1 k €	+11.2%	176,3 k €	+15.6%	152,5 k €	+27.7%	119,4 k €	+23.0%	97,1 k €	+44.5%	67,2 k €	+76.0%	38,2 k €
Total assets	1,3 M €	-4.9%	1,4 M €	+39.6%	986,2 k €	-2.8%	1 M €	+2.6%	988,8 k €	+19.7%	825,8 k €	+19.7%	689,7 k €	+113%	323,4 k €	-1.2%	327,2 k €	+10.1%	297,1 k €	+39.8%	212,5 k €	+6.7%	199,2 k €	+91.5%	104 k €
Cash	163,7 k €	+38.4%	118,3 k €	+205%	38,7 k €	-69.7%	127,6 k €	+104%	62,7 k €	-8.9%	68,8 k €	-51.4%	141,5 k €	+91.7%	73,8 k €	-24.9%	98,4 k €	+68.9%	58,3 k €	+9.0%	53,4 k €	-13.3%	61,6 k €	+276%	16,4 k €
Debts	930,1 k €	-11.3%	1 M €	+65.3%	634,6 k €	-10.1%	706 k €	-1.2%	714,5 k €	+16.7%	612,2 k €	+24.0%	493,6 k €	+236%	147,1 k €	-15.8%	174,6 k €	-1.7%	177,7 k €	+53.9%	115,4 k €	-12.5%	132 k €	+100%	65,8 k €
Other
Workforce	18,8 ETP	+6.8%	17,6 ETP	+44.3%	12,2 ETP	+20.8%	10,1 ETP	+36.5%	7,4 ETP	+17.5%	6,3 ETP	+6.8%	5,9 ETP	-13.2%	6,8 ETP	+36.0%	5,0 ETP	-12.3%	5,7 ETP	+18.8%	4,8 ETP	+77.8%	2,7 ETP	+1250%	0,2 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 31/03/2025 · 2 active · 9 ended

Active mandates

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Active

LVE13

Director · since 23 décembre 2020 · 0757.808.342

Represented by Kristof Van Echelpoel

Active

Ended mandates

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

J&L17

Director · since 30 mars 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

At this address

Other companies at this address

Company	CBE no.
FASE 3● Active	0662.437.348
Groep VE● Active	0681.963.844

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/10/2025	25/10/2024	31/10/2023	28/10/2022	29/10/2021	12/11/2020
General meeting	25/09/2025	26/09/2024	28/09/2023	29/09/2022	30/09/2021	24/09/2020
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	25/09/2025	24/10/2025	Dutch	PDF
Abridged model	31/03/2024	26/09/2024	25/10/2024	Dutch	PDF
Abridged model	31/03/2023	28/09/2023	31/10/2023	Dutch	PDF
Abridged model	31/03/2022	29/09/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	30/09/2021	29/10/2021	Dutch	PDF
Abridged model	31/03/2020	24/09/2020	12/11/2020	Dutch	PDF
Abridged model	31/03/2019	26/09/2019	29/10/2019	Dutch	PDF
Abridged model	31/03/2018	27/09/2018	25/10/2018	Dutch	PDF
Abridged model	31/03/2017	28/09/2017	29/09/2017	Dutch	PDF
Abridged model	31/03/2016	29/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	24/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/03/2014	25/09/2014	24/10/2014	Dutch	PDF
Abridged model	31/03/2013	26/09/2013	28/10/2013	Dutch	PDF

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 31/03/2025 · 2 active · 9 ended

Active mandates

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Active

LVE13

Director · since 23 décembre 2020 · 0757.808.342

Represented by Kristof Van Echelpoel

Active

Ended mandates

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

J&L17

Director · since 01 septembre 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

J&L17

Director · since 30 mars 2021 · 0765.875.772

Represented by Jyrki Leysen

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other19/03/2012
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 202555 k €↑
2024
Annual accounts 2024-18,2 k €↓
2023
Annual accounts 202339,7 k €↓
2022
Annual accounts 202257,7 k €↓
2021
Annual accounts 202196,8 k €↑
2020
Annual accounts 202017,5 k €↓
2019
Annual accounts 201919,8 k €↓
2018
Annual accounts 201823,8 k €↓
2017
Annual accounts 201733,1 k €↑
2016
Annual accounts 201622,3 k €↓
2015
Annual accounts 201529,9 k €↑
2014
Annual accounts 201429 k €↓
2013
Annual accounts 201332 k €
28/02/2012
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

Vestad

Overview

What does Vestad do?

Trend over 13 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