ACTIVE

V&D MOTORS

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Financial year 2025 · closed on 30/09/2025

Net result

-188 k €

-128.3% YoY

Revenue

35,3 M €

-5.8% YoY

Equity

2,1 M €

-8.2% YoY

Workforce

14,8 ETP

-7.5% YoY

What does V&D MOTORS do?

V&D MOTORS is a Public limited company incorporated in 2003. Its registered office is in Tielt. It employs on average 14,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.291.317

Incorporation

01/09/2003

Legal form

Public limited company

Registered office

Schuiferskapelsesteenweg 65A
8700 Tielt · FlandreSee on map

Contributed capital

525 000,00 €

Latest accounts

30/09/2025

Average workforce

14,8 ETP

Joint committees (3)

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	35,3 M €	-5.8%	37,5 M €	+2.8%	36,5 M €	+38.2%	26,4 M €	+12.4%	23,5 M €	-13.4%	27,1 M €		–		–		–		22,7 M €	+11.9%	20,3 M €	-9.7%	22,5 M €	-11.6%	25,4 M €	-0.3%	25,5 M €	+0.3%	25,4 M €	+10.3%	23 M €		–		–		–
EBITDA	333,4 k €	-30.3%	478,2 k €	-21.1%	605,8 k €	+21.9%	497,1 k €	+50.2%	330,9 k €	-0.0%	331 k €	-39.5%	547,5 k €	+3.7%	527,8 k €	+25.6%	420,4 k €	+30.3%	322,7 k €	+12.6%	286,6 k €	+8.6%	264 k €	-15.9%	313,9 k €	-16.0%	373,6 k €	-6.3%	398,8 k €	+73.8%	229,4 k €	+214%	73,1 k €	-78.0%	333 k €	-21.6%	424,7 k €
Operating result	117,2 k €	-59.3%	287,9 k €	-28.3%	401,8 k €	+37.4%	292,4 k €	+155%	114,5 k €	-2.4%	117,2 k €	-62.1%	309,5 k €	+5.7%	292,7 k €	+3.3%	283,4 k €	+23.9%	228,6 k €	+44.2%	158,5 k €	+0.3%	158 k €	-15.6%	187,2 k €	-18.8%	230,5 k €	-7.0%	247,9 k €	+53.9%	161,1 k €	+2262%	-7,4 k €	-103%	255,1 k €	-28.9%	358,8 k €
Net result	-188 k €	-128%	-82,4 k €	-159%	138,6 k €	-10.3%	154,5 k €	+479%	26,7 k €	+47.1%	18,2 k €	-91.8%	221,9 k €	+26.3%	175,7 k €	+12.3%	156,5 k €	+27.3%	122,9 k €	+33.5%	92,1 k €	+16.0%	79,4 k €	+39.4%	57 k €	-56.2%	130 k €	-10.8%	145,9 k €	+72.6%	84,5 k €	+245%	-58,3 k €	-152%	113,3 k €	-43.0%	198,6 k €
Balance sheet
Equity	2,1 M €	-8.2%	2,3 M €	-3.5%	2,4 M €	+6.2%	2,2 M €	+7.4%	2,1 M €	+1.3%	2,1 M €	+0.9%	2 M €	-11.1%	2,3 M €	+8.3%	2,1 M €	+8.0%	2 M €	+6.7%	1,8 M €	+5.3%	1,7 M €	+4.8%	1,7 M €	+3.5%	1,6 M €	+8.8%	1,5 M €	+10.9%	1,3 M €	+6.7%	1,3 M €	-4.5%	1,3 M €	+9.5%	1,2 M €
Total assets	9,8 M €	-10.8%	10,9 M €	-7.7%	11,8 M €	+33.9%	8,8 M €	+16.4%	7,6 M €	+0.6%	7,6 M €	+13.8%	6,6 M €	+7.0%	6,2 M €	+38.0%	4,5 M €	+9.0%	4,1 M €	-5.4%	4,4 M €	+4.7%	4,2 M €	-22.7%	5,4 M €	+5.3%	5,1 M €	-2.2%	5,2 M €	+11.8%	4,7 M €	+12.2%	4,2 M €	+15.5%	3,6 M €	+22.7%	2,9 M €
Cash	26,5 k €	-75.6%	108,2 k €	+108%	52 k €	-65.8%	152,1 k €	+74.2%	87,3 k €	+44.9%	60,3 k €	-35.1%	92,9 k €	-62.8%	249,9 k €	-4.6%	261,9 k €	+825%	28,3 k €	-69.6%	93 k €	-20.3%	116,6 k €	-10.7%	130,5 k €	+73.5%	75,2 k €	+80.4%	41,7 k €	-28.2%	58,1 k €	-74.4%	226,8 k €	+77.2%	128 k €	+147%	51,9 k €
Debts	7,6 M €	-11.3%	8,6 M €	-8.9%	9,5 M €	+43.3%	6,6 M €	+19.8%	5,5 M €	+0.4%	5,5 M €	+19.5%	4,6 M €	+17.7%	3,9 M €	+64.5%	2,4 M €	+10.0%	2,2 M €	-14.3%	2,5 M €	+4.4%	2,4 M €	-35.0%	3,7 M €	+6.2%	3,5 M €	-6.6%	3,7 M €	+12.2%	3,3 M €	+14.5%	2,9 M €	+26.9%	2,3 M €	+31.9%	1,7 M €
Other
Workforce	14,8 ETP	-7.5%	16,0 ETP	+3.2%	15,5 ETP	+2.6%	15,1 ETP	-2.6%	15,5 ETP	-13.4%	17,9 ETP	+1.7%	17,6 ETP	+12.8%	15,6 ETP	+5.4%	14,8 ETP	+0.7%	14,7 ETP	+1.4%	14,5 ETP	-16.2%	17,3 ETP	-6.5%	18,5 ETP	+3.9%	17,8 ETP	-1.7%	18,1 ETP	-2.2%	18,5 ETP	+8.2%	17,1 ETP	-0.6%	17,2 ETP	-4.4%	18,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 11 ended

Active mandates

Carine Vergote

Director

Active

Eddy Verhulst

Director

Active

Gilles Verhulst

Director

Active

Valerie Verhulst

Director

Active

Ended mandates

Carine Vergote

Director · since 28 août 2003 · until 02 février 2009

Ended

Eddy Verhulst

Director · since 28 août 2003 · until 02 février 2009

Ended

Ivan De Smet

Director · since 28 août 2003 · until 02 février 2009

Ended

Sabine Demerode

Director · since 28 août 2003 · until 02 février 2009

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	27/05/2025	24/05/2024	27/04/2023	19/04/2022	26/04/2021
General meeting	02/02/2026	03/02/2025	15/05/2024	06/02/2023	07/02/2022	01/02/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	02/02/2026	30/04/2026	Dutch	PDF
Full model	30/09/2024	03/02/2025	27/05/2025	Dutch	PDF
Full model	30/09/2023	15/05/2024	24/05/2024	Dutch	PDF
Full model	30/09/2022	06/02/2023	27/04/2023	Dutch	PDF
Full model	30/09/2021	07/02/2022	19/04/2022	Dutch	PDF
Full model	30/09/2020	01/02/2021	26/04/2021	Dutch	PDF
Abridged model	30/09/2019	03/02/2020	27/04/2020	Dutch	PDF
Abridged model	30/09/2018	04/02/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	05/02/2018	30/03/2018	Dutch	PDF
Full model	30/09/2016	06/02/2017	30/03/2017	Dutch	PDF
Full model	30/09/2015	01/02/2016	29/03/2016	Dutch	PDF
Full model	30/09/2014	02/02/2015	01/04/2015	Dutch	PDF
Full model	30/09/2013	03/02/2014	12/05/2014	Dutch	PDF
Full model	30/09/2012	04/02/2013	25/04/2013	Dutch	PDF
Full model	30/09/2011	06/02/2012	24/04/2012	Dutch	PDF
Full model	30/09/2010	07/02/2011	08/04/2011	Dutch	PDF
Abridged model	30/09/2009	01/02/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/02/2009	26/03/2009	Dutch	PDF
Abridged model	30/09/2007	04/02/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	05/02/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 30/09/2025 · 4 active · 11 ended

Active mandates

Carine Vergote

Director

Active

Eddy Verhulst

Director

Active

Gilles Verhulst

Director

Active

Valerie Verhulst

Director

Active

Ended mandates

Carine Vergote

Director · since 28 août 2003 · until 02 février 2009

Ended

Eddy Verhulst

Director · since 28 août 2003 · until 02 février 2009

Ended

Ivan De Smet

Director · since 28 août 2003 · until 02 février 2009

Ended

Sabine Demerode

Director · since 28 août 2003 · until 02 février 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/10/2019
KAPITAAL - AANDELEN
PDF
Mandates16/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/10/2003
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other08/09/2003
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 2025-188 k €↓
2024
Annual accounts 2024-82,4 k €↓
2024
Name changeV & D Motors afsluiting
2023
Annual accounts 2023138,6 k €↓
2022
Annual accounts 2022154,5 k €↑
2021
Annual accounts 202126,7 k €↑
2021
Name changeV & D Motors
2020
Annual accounts 202018,2 k €↓
2019
Annual accounts 2019221,9 k €↑
2018
Annual accounts 2018175,7 k €↑
2017
Annual accounts 2017156,5 k €↑
2016
Annual accounts 2016122,9 k €↑
2015
Annual accounts 201592,1 k €↑
2014
Annual accounts 201479,4 k €↑
2013
Annual accounts 201357 k €↓
2012
Annual accounts 2012130 k €↓
2011
Annual accounts 2011145,9 k €↑
2010
Annual accounts 201084,5 k €↑
2009
Annual accounts 2009-58,3 k €↓
2008
Annual accounts 2008113,3 k €↓
2007
Annual accounts 2007198,6 k €
01/09/2003
IncorporationPublic 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

V&D MOTORS

Overview

What does V&D MOTORS do?

Trend over 19 financial years

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