ACTIVE

Vaes

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Financial year 2025 · Closed on 31/12/2025

Net result587,2 k €-46,9 %over 1 year

Revenue26,7 M €+35,0 %over 1 year

Equity5 M €+4,4 %over 1 year

Workforce12,0 ETP+11,1 %over 1 year

Identity

Source · BCE/KBO

Vaes is a Private limited company incorporated in 2012. Its main activity is: Wholesale of meat and meat products. Its registered office is in Zonhoven. It employs on average 12,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0846.853.451
Incorporation: 26/06/2012
Legal form: Private limited company
Registered office: Waardstraat 93
3520 Zonhoven · FlandreSee on map
Contributed capital: 456 675,93 €
Latest accounts: 31/12/2025
Average workforce: 12,0 ETP

Activities (NACE)

46321Wholesale of meat and meat products· main 46321Wholesale of meat and meat products 01500Mixed farming 01500Mixed farming

Joint committees (3)

119
1190
2010

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	26,7 M €	+35.0%	19,8 M €		–		–		–
EBITDA	962,1 k €	-38.4%	1,6 M €	+125%	695,3 k €	+22.0%	569,9 k €	+51.8%	375,4 k €
Operating result	792,9 k €	-46.6%	1,5 M €	+124%	661,9 k €	+29.7%	510,2 k €	+57.2%	324,6 k €
Net result	587,2 k €	-46.9%	1,1 M €	+163%	420,9 k €	+19.7%	351,6 k €	+42.9%	246 k €
Balance sheet
Equity	5 M €	+4.4%	4,8 M €	+124%	2,2 M €	+24.3%	1,7 M €	+18.8%	1,5 M €
Total assets	7,9 M €	+20.7%	6,5 M €	+17.2%	5,6 M €	+16.8%	4,8 M €	+50.1%	3,2 M €
Cash	2,1 M €	+6.7%	2 M €	+4.9%	1,9 M €	+79.7%	1 M €	+1042%	91,1 k €
Debts	2,8 M €	+67.0%	1,7 M €	-50.2%	3,4 M €	+12.5%	3 M €	+76.5%	1,7 M €
Other
Workforce	12,0 ETP	+11.1%	10,8 ETP	0.0%	10,8 ETP	-0.9%	10,9 ETP	+166%	4,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kristof Vaes	Directorsince 25/06/2012Manager25/06/2012 → 2020 accountsended
Katleen Vaes	Directorsince 25/06/2012Manager25/06/2012 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kathleen Vaes	Manager2015 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	12/08/2025	12/04/2024	31/08/2023	17/08/2022	28/10/2021
General meeting	26/06/2026	27/06/2025	31/03/2024	30/06/2023	24/06/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	31/03/2024	12/04/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	17/08/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	25/06/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/09/2020	13/11/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/10/2013	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kristof Vaes	Directorsince 25/06/2012Manager25/06/2012 → 2020 accountsended
Katleen Vaes	Directorsince 25/06/2012Manager25/06/2012 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kathleen Vaes	Manager2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring21/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/07/2024
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other24/09/2012
DIVERSEN
PDF
Other28/06/2012
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Kristof Vaes

Katleen Vaes

Kathleen Vaes

201220132014201520162017201820192020202120222023202420252026

Vaes

Waardstraat 93, 3520 Zonhoven

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Waardstraat 93, 3520 ZonhovenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00491771

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VaesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00491771

Events

2025
Annual accounts 2025587,2 k €↓
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 2023420,9 k €↑
2022
Annual accounts 2022351,6 k €↑
2021
Annual accounts 2021246 k €↑
2020
Annual accounts 2020199 k €↓
2019
Annual accounts 2019261,6 k €↑
2018
Annual accounts 2018123,5 k €↑
2017
Annual accounts 2017108,1 k €↑
2016
Annual accounts 201646,6 k €↑
2015
Annual accounts 201539,6 k €↑
2014
Annual accounts 201426 k €↑
2013
Annual accounts 201315,6 k €↓
2012
Annual accounts 201224,5 k €
26/06/2012
IncorporationPrivate limited company

Vaes

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline

Registered offices

Company names

Events