ACTIVE

VDS GROUP

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Financial year 2025 · closed on 31/12/2025
Net result
1,8 M €
+3.7% YoY
Equity
31,2 M €
+6.1% YoY

What does VDS GROUP do?

VDS GROUP is a Public limited company incorporated in 2003. Its registered office is in Lummen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0859.775.039
Incorporation
25/07/2003
Legal form
Public limited company
Registered office
Europaweg 11
3560 Lummen · FlandreSee on map
Contributed capital
6 180 300,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182012201120102009200820072006
Income statement
Gross margin––––––––48 k €158,5 k €163,3 k €46,2 k €42,8 k €38,6 k €43,7 k €
EBITDA-49,3 k €-31,9 k €-28,5 k €-26,2 k €-27,5 k €-49,5 k €95,1 k €-45,3 k €47,6 k €158,1 k €162,9 k €45,8 k €42,3 k €38,2 k €43,3 k €
Operating result-49,3 k €-31,9 k €-28,5 k €-26,2 k €-27,5 k €-49,5 k €95,1 k €-45,3 k €46,7 k €157,4 k €162,2 k €45,4 k €42,2 k €38 k €43,1 k €
Net result1,8 M €1,7 M €1,6 M €1,6 M €471 k €343,7 k €3,5 M €2,2 M €30 k €108,5 k €115,1 k €40,2 k €35,2 k €29,1 k €34,5 k €
Balance sheet
Equity31,2 M €29,4 M €27,7 M €26,1 M €24,5 M €24 M €23,7 M €20,2 M €152,7 k €122,7 k €351,6 k €236,5 k €196,4 k €161,1 k €125,8 k €
Total assets33,4 M €31,9 M €30,3 M €29,1 M €27,8 M €27,7 M €27,6 M €22,7 M €293,8 k €454,1 k €354,6 k €244,1 k €202,6 k €164,3 k €128,1 k €
Cash1,3 M €1,1 M €777,9 k €3,2 M €3,1 M €3 M €789,4 k €248,3 k €89,6 k €54,6 k €15 k €2 k €2,7 k €27,1 k €8,5 k €
Debts2 M €2,3 M €2,6 M €3 M €3,3 M €3,7 M €3,9 M €2,2 M €128,9 k €326,9 k €3 k €4,8 k €5,8 k €3,2 k €2,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Luc Miermans

Director · since 30 juin 2022 · until 30 juin 2026

Active
Michel Vanderstraeten

Managing director · since 10 juillet 2020 · until 30 juin 2026

Active

Ended mandates

Luc Miermans

Director · since 30 juin 2022 · until 27 avril 2028

Ended
Speck

Managing director · since 16 décembre 2020 · until 23 novembre 2023 · 0456.228.414

Represented by Jan Speck

Ended
Speck

Managing director · since 16 décembre 2020 · until 29 avril 2027 · 0456.228.414

Represented by Jan Speck

Ended
Speck

Managing director · since 16 décembre 2020 · until 29 avril 2027 · 0456.228.414

Represented by JAN SPECK

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelm120-f-p
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 date01/07/202624/06/202518/06/202422/06/202309/07/202230/09/2021
General meeting30/06/202613/06/202507/06/202419/06/202330/06/202227/09/2021
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

31 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202601/07/2026DutchPDF
Full model31/12/202413/06/202524/06/2025DutchPDF
m120-f-p31/12/202430/06/202504/07/2025DutchPDF
Full model31/12/202307/06/202418/06/2024DutchPDF
m120-f-p31/12/202328/06/202409/07/2024DutchPDF
Full model31/12/202219/06/202322/06/2023DutchPDF
m120-f-p31/12/202228/07/202304/08/2023DutchPDF
Full model31/12/202130/06/202209/07/2022DutchPDF
m120-f-p31/12/202113/09/202221/09/2022DutchPDF
Full model31/12/202030/06/202114/07/2021DutchPDF
m120-f-p31/12/202027/09/202130/09/2021DutchPDF
Full model31/12/201910/07/202014/07/2020DutchPDF
m120-f-p31/12/201926/12/202025/01/2021DutchPDF
Full model31/12/201809/08/201930/08/2019DutchPDF
m120-f-p31/12/201809/08/201930/08/2019DutchPDF
Full model31/12/201704/06/201812/07/2018DutchPDF
m120-f-p31/12/201729/06/201805/07/2018DutchPDF
Full model31/12/201630/06/201724/07/2017DutchPDF
m120-f-pCorrection31/12/201630/08/201706/10/2017DutchPDF
m120-f-p31/12/201630/08/201731/08/2017DutchPDF
Abridged model31/12/201515/04/201617/08/2016DutchPDF
Abridged model31/12/201401/06/201531/08/2015DutchPDF
Abridged model31/12/201302/06/201415/07/2014DutchPDF
Abridged model31/12/201203/06/201315/07/2013DutchPDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 2 active · 16 ended

Active mandates

Luc Miermans

Director · since 30 juin 2022 · until 30 juin 2026

Active
Michel Vanderstraeten

Managing director · since 10 juillet 2020 · until 30 juin 2026

Active

Ended mandates

Luc Miermans

Director · since 30 juin 2022 · until 27 avril 2028

Ended
Speck

Managing director · since 16 décembre 2020 · until 23 novembre 2023 · 0456.228.414

Represented by Jan Speck

Ended
Speck

Managing director · since 16 décembre 2020 · until 29 avril 2027 · 0456.228.414

Represented by Jan Speck

Ended
Speck

Managing director · since 16 décembre 2020 · until 29 avril 2027 · 0456.228.414

Represented by JAN SPECK

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/01/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - ALGEMENE VERGADERING
    PDF
  • Mandates24/08/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring09/05/2016
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring17/03/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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 20251,8 M €↑
  2. 2024
    Annual accounts 20241,7 M €↑
  3. 2023
    Annual accounts 20231,6 M €↑
  4. 2022
    Annual accounts 20221,6 M €↑
  5. 2021
    Annual accounts 2021471 k €↑
  6. 2020
    Annual accounts 2020343,7 k €↓
  7. 2020
    Name changeVDS GROUP
  8. 2019
    Annual accounts 20193,5 M €↑
  9. 2018
    Annual accounts 20182,2 M €↑
  10. 2015
    Name changeGROEP VANDERSTRAETEN
  11. 2012
    Annual accounts 201230 k €↓
  12. 2011
    Annual accounts 2011108,5 k €↓
  13. 2010
    Annual accounts 2010115,1 k €↑
  14. 2009
    Annual accounts 200940,2 k €↑
  15. 2008
    Annual accounts 200835,2 k €↑
  16. 2007
    Annual accounts 200729,1 k €↓
  17. 2006
    Annual accounts 200634,5 k €
  18. 2006
    Name changeMICHEL VANDERSTRAETEN
  19. 25/07/2003
    IncorporationPublic limited company