ACTIVE

VS MECA

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Financial year 2025 · closed on 31/12/2025

Net result

101,8 k €

-33.8% YoY

Gross margin

330,1 k €

-16.5% YoY

Equity

1 M €

+4.0% YoY

Workforce

1,5 ETP

-6.3% YoY

What does VS MECA do?

VS MECA is a Private limited company incorporated in 2003. Its registered office is in La Louvière. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.116.402

Incorporation

10/12/2003

Legal form

Private limited company

Registered office

Rue de la Croix du Maïeur(S-B) 8
7110 La Louvière · WallonieSee on map

Contributed capital

162 869,00 €

Latest accounts

31/12/2025

Average workforce

1,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

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	330,1 k €	-16.5%	395,4 k €	-3.7%	410,5 k €	-3.6%	425,8 k €	+4.7%	406,6 k €	-25.6%	546,5 k €	-14.5%	639,3 k €	+3.9%	615,3 k €	-1.1%	622,5 k €	-20.3%	781,1 k €	+26.6%	617,1 k €	+11.0%	556,2 k €	+19.3%	466,2 k €	+82.5%	255,5 k €	+166%	96,1 k €	-17.9%	117,1 k €	-30.7%	168,9 k €	-7.7%	182,9 k €	+14.6%	159,7 k €	+17.7%	135,6 k €
EBITDA	240,6 k €	-18.9%	296,6 k €	+49.1%	198,9 k €	-16.5%	238,3 k €	+2.1%	233,3 k €	-21.3%	296,5 k €	-11.3%	334,2 k €	-9.3%	368,5 k €	-2.5%	378 k €	-29.1%	533,1 k €	+44.1%	370 k €	+17.1%	316 k €	+15.6%	273,3 k €	+31.4%	208,1 k €	+145%	84,7 k €	+59.9%	53 k €	-48.7%	103,3 k €	-3.7%	107,3 k €	-11.5%	121,3 k €	+0.0%	121,2 k €
Operating result	141 k €	-29.2%	199,2 k €	+219%	62,4 k €	-38.6%	101,8 k €	+15.6%	88 k €	-14.0%	102,3 k €	-12.2%	116,5 k €	-6.1%	124 k €	+13.6%	109,2 k €	-57.1%	254,7 k €	+93.1%	131,9 k €	+29.0%	102,2 k €	-14.5%	119,5 k €	+7.8%	110,9 k €	+400%	22,2 k €	+716%	-3,6 k €	-107%	52,5 k €	+21.4%	43,2 k €	-24.9%	57,6 k €	-4.1%	60 k €
Net result	101,8 k €	-33.8%	153,8 k €	+321%	36,6 k €	-51.4%	75,2 k €	+18.5%	63,5 k €	-20.2%	79,6 k €	+12.7%	70,6 k €	-12.2%	80,5 k €	+31.1%	61,4 k €	-57.2%	143,3 k €	+117%	66 k €	+9.9%	60,1 k €	-25.0%	80 k €	+7.7%	74,3 k €	+205%	24,4 k €	+474%	-6,5 k €	-122%	29,1 k €	+34.1%	21,7 k €	-34.9%	33,3 k €	-0.9%	33,6 k €
Balance sheet
Equity	1 M €	+4.0%	1 M €	+10.1%	910,5 k €	+3.8%	877,5 k €	-3.9%	912,9 k €	+7.7%	847,2 k €	+8.9%	778 k €	+1.6%	765,5 k €	+11.6%	686,1 k €	+9.5%	626,4 k €	+28.5%	487,6 k €	+14.4%	426,2 k €	+92.2%	221,8 k €	-28.4%	309,7 k €	+38.2%	224,1 k €	+10.8%	202,2 k €	-4.3%	211,2 k €	+14.4%	184,6 k €	+10.3%	167,4 k €	+27.3%	131,5 k €
Total assets	1,5 M €	+4.0%	1,4 M €	+3.3%	1,4 M €	-11.5%	1,6 M €	+6.5%	1,5 M €	-8.0%	1,6 M €	-12.6%	1,8 M €	+0.0%	1,8 M €	+9.9%	1,7 M €	+6.5%	1,6 M €	+6.6%	1,5 M €	+14.7%	1,3 M €	+29.5%	989,4 k €	+24.5%	794,9 k €	+25.1%	635,5 k €	+6.9%	594,5 k €	+9.2%	544,4 k €	-1.5%	552,4 k €	+0.9%	547,3 k €	+17.0%	467,7 k €
Cash	233,9 k €	+494%	39,3 k €	+63.9%	24 k €	-6.8%	25,8 k €	+23.9%	20,8 k €	+1.3%	20,5 k €	-41.0%	34,8 k €	-20.8%	44 k €	-56.3%	100,7 k €	-71.2%	349,7 k €	+1088%	29,4 k €	-75.6%	120,4 k €	+20.4%	100 k €	-39.4%	165 k €	+18.0%	139,8 k €	+135%	59,6 k €	-63.0%	161,2 k €	+98.4%	81,3 k €	+57946%	140 €	-99.5%	27,1 k €
Debts	419,4 k €	-2.8%	431,7 k €	-6.8%	463,2 k €	-32.6%	687,2 k €	+23.6%	556 k €	-25.7%	747,9 k €	-28.5%	1 M €	-1.5%	1,1 M €	+8.9%	976,5 k €	+4.5%	934,3 k €	-4.2%	975,5 k €	+17.7%	828,6 k €	+11.2%	745,2 k €	+59.8%	466,3 k €	+18.2%	394,4 k €	+4.7%	376,8 k €	+18.0%	319,3 k €	-10.2%	355,6 k €	-3.6%	368,8 k €	+13.1%	326 k €
Other
Workforce	1,5 ETP	-6.3%	1,6 ETP	-50.0%	3,2 ETP	+6.7%	3,0 ETP	0.0%	3,0 ETP	-38.8%	4,9 ETP	-15.5%	5,8 ETP	+41.5%	4,1 ETP	0.0%	4,1 ETP	+2.5%	4,0 ETP	-2.4%	4,1 ETP	-4.7%	4,3 ETP	+26.5%	3,4 ETP	+162%	1,3 ETP		–		0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+150%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

STEPHANE VANHERREWEGHEN

Director

Active

SYLVIE LARIVE

Director

Active

Ended mandates

STEPHANE VANHERREWEGHEN

Manager

Ended

SYLVIE LARIVE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
FETON INTERNATIONAL● Active	0674.542.750

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	26/08/2026	25/08/2025	30/08/2024	29/08/2023	31/08/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	25/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	29/10/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 ended

Active mandates

STEPHANE VANHERREWEGHEN

Director

Active

SYLVIE LARIVE

Director

Active

Ended mandates

STEPHANE VANHERREWEGHEN

Manager

Ended

SYLVIE LARIVE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring31/12/2004
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other17/12/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025101,8 k €↓
2024
Annual accounts 2024153,8 k €↑
2023
Annual accounts 202336,6 k €↓
2022
Annual accounts 202275,2 k €↑
2021
Annual accounts 202163,5 k €↓
2020
Annual accounts 202079,6 k €↑
2019
Annual accounts 201970,6 k €↓
2018
Annual accounts 201880,5 k €↑
2017
Annual accounts 201761,4 k €↓
2016
Annual accounts 2016143,3 k €↑
2015
Annual accounts 201566 k €↑
2014
Annual accounts 201460,1 k €↓
2013
Annual accounts 201380 k €↑
2012
Annual accounts 201274,3 k €↑
2011
Annual accounts 201124,4 k €↑
2010
Annual accounts 2010-6,5 k €↓
2009
Annual accounts 200929,1 k €↑
2008
Annual accounts 200821,7 k €↓
2007
Annual accounts 200733,3 k €↓
2006
Annual accounts 200633,6 k €
10/12/2003
IncorporationPrivate 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

VS MECA

Overview

What does VS MECA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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