VDG COMMERCE
0860.059.507 · rovalta.com · 23/09/2026
ACTIVE
VDG COMMERCE
Financial year 2025 · closed on 31/12/2025
Net result
7,7 k €
+94.6% YoY
Gross margin
26 k €
+22.4% YoY
Equity
91,2 k €
+9.2% YoY
Overview
What does VDG COMMERCE do?
VDG COMMERCE is a Private limited company incorporated in 2003. Its registered office is in Grimbergen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0860.059.507
Incorporation
13/08/2003
Legal form
Private limited company
Registered office
Lakensestraat 116
1853 Grimbergen · FlandreSee on map
1853 Grimbergen · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 26 k € | +22.4% | 21,2 k € | -7.4% | 22,9 k € | +9.2% | 21 k € | +11.4% | 18,8 k € | -8.7% | 20,6 k € | +17.9% | 17,5 k € | -7.3% | 18,9 k € | -0.6% | 19 k € | +0.3% | 18,9 k € | -1.0% | 19,1 k € | +19.5% | 16 k € | -38.3% | 25,9 k € | +139% | 10,9 k € | -71.9% | 38,7 k € | +32.0% | 29,3 k € | +101% | 14,6 k € | -60.1% | 36,6 k € | +7239% | -512 € | -101% | 86,2 k € |
| EBITDA | 24,3 k € | +26.3% | 19,2 k € | -9.0% | 21,1 k € | +7.6% | 19,6 k € | +11.9% | 17,5 k € | -9.3% | 19,3 k € | +18.7% | 16,3 k € | -7.3% | 17,5 k € | -1.6% | 17,8 k € | +0.3% | 17,8 k € | -1.1% | 18 k € | +21.0% | 14,8 k € | -39.5% | 24,6 k € | +150% | 9,8 k € | -73.5% | 37 k € | +33.7% | 27,7 k € | +111% | 13,1 k € | -62.7% | 35,1 k € | +1662% | -2,2 k € | -103% | 84,9 k € |
| Operating result | 11,8 k € | +45.2% | 8,1 k € | -19.9% | 10,1 k € | +7.4% | 9,4 k € | +6.6% | 8,8 k € | -11.9% | 10 k € | +82.4% | 5,5 k € | -5.7% | 5,8 k € | +3.3% | 5,6 k € | +1.0% | 5,6 k € | -13.3% | 6,4 k € | +34.1% | 4,8 k € | -68.9% | 15,5 k € | +2095% | 704 € | -97.5% | 27,9 k € | +50.2% | 18,6 k € | +413% | 3,6 k € | -85.8% | 25,5 k € | +259% | -16,1 k € | -153% | 30,4 k € |
| Net result | 7,7 k € | +94.6% | 4 k € | -21.2% | 5 k € | +18.6% | 4,2 k € | -3.0% | 4,4 k € | -12.2% | 5 k € | +3207% | -160,2 € | -46.0% | -109,7 € | +89.4% | -1 k € | +33.8% | -1,6 k € | -47.9% | -1,1 k € | +58.5% | -2,6 k € | -130% | 8,4 k € | +188% | -9,6 k € | -117% | 58,1 k € | +529% | 9,2 k € | +247% | -6,3 k € | -145% | 14 k € | +133% | -42,8 k € | -359% | 16,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 91,2 k € | +9.2% | 83,4 k € | +5.0% | 79,5 k € | +6.7% | 74,5 k € | +6.0% | 70,2 k € | +6.6% | 65,9 k € | +8.2% | 60,9 k € | -0.3% | 61 k € | -0.2% | 61,2 k € | -1.7% | 62,2 k € | -2.5% | 63,8 k € | -1.6% | 64,8 k € | -3.8% | 67,4 k € | +14.3% | 58,9 k € | -14.0% | 68,5 k € | +554% | 10,5 k € | +741% | 1,2 k € | -83.4% | 7,5 k € | +216% | -6,5 k € | -118% | 36,3 k € |
| Total assets | 174,3 k € | -14.7% | 204,3 k € | +8.3% | 188,6 k € | -5.0% | 198,5 k € | -2.1% | 202,7 k € | -1.0% | 204,8 k € | -4.3% | 214 k € | -4.8% | 224,8 k € | -4.8% | 236,1 k € | -4.9% | 248,3 k € | -3.5% | 257,2 k € | -1.6% | 261,3 k € | -2.0% | 266,6 k € | -4.5% | 279,2 k € | -11.9% | 316,9 k € | +6.8% | 296,9 k € | -2.1% | 303,2 k € | -6.8% | 325,5 k € | -3.8% | 338,5 k € | -25.9% | 457,1 k € |
| Cash | 2,6 k € | -87.2% | 20,4 k € | – | – | – | – | – | – | – | – | – | – | – | 8 € | -100.0% | 25,7 k € | +2428% | 1 k € | +25275% | 4 € | -99.9% | 7,1 k € | -64.7% | 20,2 k € | +684% | 2,6 k € | ||||||||||||
| Debts | 81,8 k € | -32.3% | 120,9 k € | +11.5% | 108,4 k € | -11.7% | 122,7 k € | -7.4% | 132,5 k € | -4.7% | 139 k € | -9.2% | 153,1 k € | -6.5% | 163,7 k € | -6.4% | 174,9 k € | -6.0% | 186,1 k € | -3.8% | 193,4 k € | -1.6% | 196,5 k € | -1.4% | 199,3 k € | -9.5% | 220,3 k € | -10.6% | 246,4 k € | -13.1% | 283,4 k € | -5.2% | 299 k € | -6.0% | 318 k € | -7.0% | 342 k € | -18.7% | 420,8 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 5 ended
Active mandates
Vesselina Grigorova
ActiveEnded mandates
DIMITAR GRIGOROV
EndedDIMITAR GRIGOROV
EndedVESSELINA GRIGOROVA
EndedDIMITAR GRIGOROV
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
DAVO & CO● Active | 0763.370.303 |
Financials
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 | 10/07/2026 | 31/07/2025 | 19/09/2024 | 01/09/2023 | 29/03/2022 | 02/07/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 28/06/2024 | 30/06/2023 | 07/02/2022 | 10/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 10/07/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 31/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 28/06/2024 | 19/09/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 01/09/2023 | Dutch | |
| Micro model | 31/12/2021 | 07/02/2022 | 29/03/2022 | Dutch | |
| Micro model | 31/12/2020 | 10/06/2021 | 02/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 09/06/2020 | 03/07/2020 | Dutch | |
| Micro model | 31/12/2018 | 13/06/2019 | 29/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 12/06/2018 | 22/06/2018 | Dutch | |
| Micro model | 31/12/2016 | 30/06/2017 | 25/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 19/08/2016 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 24/08/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 30/09/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 16/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/06/2012 | 14/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 24/10/2011 | 09/11/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 02/11/2010 | Dutch | |
| Abridged model | 31/12/2008 | 27/10/2009 | 28/10/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/09/2008 | 30/09/2008 | Dutch | |
| Abridged model | 31/12/2006 | 25/09/2007 | 27/09/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 5 ended
Active mandates
Vesselina Grigorova
ActiveEnded mandates
DIMITAR GRIGOROV
EndedDIMITAR GRIGOROV
EndedVESSELINA GRIGOROVA
EndedDIMITAR GRIGOROV
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates31/10/2024ONTSLAGEN, BENOEMINGEN, WIJZIGING RECHTSVORM
- Registered office10/07/2017SIEGE SOCIAL
- Mandates22/05/2013DEMISSIONS, NOMINATIONS
- Registered office19/04/2013Wijziging maatschappelijke zetel !
- Mandates10/10/2012ONTSLAGEN - BENOEMINGEN
- Registered office08/05/2006MAATSCHAPPELIJKE ZETEL
- Other21/08/2003RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20257,7 k €↑
- 2024Annual accounts 20244 k €↓
- 2023Annual accounts 20235 k €↑
- 2022Annual accounts 20224,2 k €↓
- 2021Annual accounts 20214,4 k €↓
- 2020Annual accounts 20205 k €↑
- 2019Annual accounts 2019-160,2 €↓
- 2018Annual accounts 2018-109,7 €↑
- 2017Annual accounts 2017-1 k €↑
- 2016Annual accounts 2016-1,6 k €↓
- 2015Annual accounts 2015-1,1 k €↑
- 2014Annual accounts 2014-2,6 k €↓
- 2013Annual accounts 20138,4 k €↑
- 2012Annual accounts 2012-9,6 k €↓
- 2011Annual accounts 201158,1 k €↑
- 2010Annual accounts 20109,2 k €↑
- 2009Annual accounts 2009-6,3 k €↓
- 2008Annual accounts 200814 k €↑
- 2007Annual accounts 2007-42,8 k €↓
- 2006Annual accounts 200616,5 k €
- 13/08/2003IncorporationPrivate limited company