ACTIVE

VDS GROUP

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Financial year 2025 · Closed on 31/12/2025

Net result1,8 M €+3,7 %over 1 year
Equity31,2 M €+6,1 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 31 filings

Trend over 15 financial years

20252024202320222021
Income statement
Gross margin–––––
EBITDA-49,3 k €-31,9 k €-28,5 k €-26,2 k €-27,5 k €
Operating result-49,3 k €-31,9 k €-28,5 k €-26,2 k €-27,5 k €
Net result1,8 M €1,7 M €1,6 M €1,6 M €471 k €
Balance sheet
Equity31,2 M €29,4 M €27,7 M €26,1 M €24,5 M €
Total assets33,4 M €31,9 M €30,3 M €29,1 M €27,8 M €
Cash1,3 M €1,1 M €777,9 k €3,2 M €3,1 M €
Debts2 M €2,3 M €2,6 M €3 M €3,3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Luc Miermans
Director21/04/2016 → 27/04/2028
Michel Vanderstraeten
Managing director10/07/2020 → 30/06/2026Manager15/07/2003 → 21/04/2016ended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Speck0456.228.414Represented by Jan Speck
Managing director16/12/2020 → 2023 accounts
Mistral Management0644.684.269Represented by MICHEL VANDERSTRAETEN
Managing director21/04/2016 → 2019 accounts

Other companies at this address

Europaweg 11 3560 Lummen
CompanyCBE no.
EENHEID VDS● Active
0773.644.680
JUVALHO● Active
0543.416.863
JV WMV BRUSSELS AMERICAN SCHOOL● Active
0683.893.550
SM Vanderstraeten - Koeckelberg Artemis● Active
0747.728.458
THV HOOYBERGHS-VANDERSTRAETEN● Active
0558.965.171
THV VANDERSTRAETEN-HOUBEN-FABRICOM● Active
0839.848.764
THV VANDERSTRAETEN - PEREMANS● Active
0713.734.908
Tijdelijke Maatschap Vanderstraeten-Cordeel Poortgebouw● Active
0805.952.115
Tijdelijke Maatschap Vanderstraeten - Houben Asster● Active
1017.647.685
Tijdelijke Maatschap Vanderstraeten - Houben Noorderhart Pelt● Active
1001.338.720
Tijdelijke Maatschap Vanderstraeten - Houben PXL● Active
1024.286.841
Tijdelijke Maatschap Vanderstraeten-Houben Rivus● Active
1033.409.987
Tijdelijke Maatschap Vanderstraeten- Houben Synaps● Active
1037.719.361
Tijdelijke Maatschap Wycor - Vanderstraeten PVT Lubbeek● Active
0797.989.801
TM Cordeel- Vanderstraeten Bottelarij● Active
0767.662.948
TM Vanderstraeten - a2o● Active
1005.936.718
TM Vanderstraeten – A33 architecten● Active
0780.387.863
TM Vanderstraeten - Archipelago● Active
1003.468.562
TM Vanderstraeten - Areal Architecten● Active
1013.191.823
TM Vanderstraeten-Cordeel AZ Diest● Active
0772.544.424

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 31 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202601/07/2026DutchPDF
Full model31/12/202413/06/202524/06/2025DutchPDF
Consolidated accounts31/12/202430/06/202504/07/2025DutchPDF
Full model31/12/202307/06/202418/06/2024DutchPDF
Consolidated accounts31/12/202328/06/202409/07/2024DutchPDF
Full model31/12/202219/06/202322/06/2023DutchPDF
Consolidated accounts31/12/202228/07/202304/08/2023DutchPDF
Full model31/12/202130/06/202209/07/2022DutchPDF
Consolidated accounts31/12/202113/09/202221/09/2022DutchPDF
Full model31/12/202030/06/202114/07/2021DutchPDF
Consolidated accounts31/12/202027/09/202130/09/2021DutchPDF
Full model31/12/201910/07/202014/07/2020DutchPDF
Consolidated accounts31/12/201926/12/202025/01/2021DutchPDF
Full model31/12/201809/08/201930/08/2019DutchPDF
Consolidated accounts31/12/201809/08/201930/08/2019DutchPDF
Full model31/12/201704/06/201812/07/2018DutchPDF
Consolidated accounts31/12/201729/06/201805/07/2018DutchPDF
Full model31/12/201630/06/201724/07/2017DutchPDF
Consolidated accountsCorrection31/12/201630/08/201706/10/2017DutchPDF
Consolidated accounts31/12/201630/08/201731/08/2017DutchPDF
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Luc Miermans
Director21/04/2016 → 27/04/2028
Michel Vanderstraeten
Managing director10/07/2020 → 30/06/2026Manager15/07/2003 → 21/04/2016ended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Speck0456.228.414Represented by Jan Speck
Managing director16/12/2020 → 2023 accounts
Mistral Management0644.684.269Represented by MICHEL VANDERSTRAETEN
Managing director21/04/2016 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/07/2026
    ONTSLAGEN, BENOEMINGEN
    PDF
  • 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

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
Filings15 filings
Mandates
Luc Miermans
Michel Vanderstraeten
Speck
Mistral Management
200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
VDS GROUPGROEP VANDERSTRAETENMICHEL VANDERSTRAETEN
Europaweg 11, 3560 Lummen
Director
Managing directorManager
Managing director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Europaweg 11, 3560 LummenCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00236488

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
VDS GROUPCurrent
accounts 2020 → 2025
Accounts 2025 · 2026-00236488
GROEP VANDERSTRAETEN
accounts 2015 → 2019
Accounts 2019 · 2020-30200420
MICHEL VANDERSTRAETEN
accounts 2006 → 2014
Accounts 2014 · 2015-50100517

Events

  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. 25/07/2003
    IncorporationPublic limited company