ACTIVE

V.A. Resources

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Financial year 2025 · closed on 31/12/2025

Net result

74,8 k €

+63.4% YoY

Gross margin

359,3 k €

+25.9% YoY

Equity

206,7 k €

+56.7% YoY

What does V.A. Resources do?

V.A. Resources is a Private limited company incorporated in 2004. Its main activity is: Development of building projects. Its registered office is in Aarschot.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.064.527

Incorporation

28/01/2004

Legal form

Private limited company

Registered office

Diestse steenweg 93
3200 Aarschot · FlandreSee on map

Contributed capital

82 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70200Management consultancy activities 70220Business and other management consultancy activities 71111Architectural activities 71111Architectural activities+4

Joint committees (5)

124
12400
200
20000
218

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	359,3 k €	+25.9%	285,3 k €	+70.3%	167,6 k €	-9.5%	185,1 k €	-1.3%	187,6 k €	+47.1%	127,5 k €	+43.4%	88,9 k €	+172%	-123,6 k €	-163%	196,2 k €	+140%	81,6 k €	+67.1%	48,9 k €	-82.7%	283 k €	-2.0%	288,8 k €	-8.0%	313,8 k €	+90.2%	165 k €	-45.0%	300,3 k €	-8.2%	327,1 k €	+14.0%	286,9 k €	-5.1%	302,4 k €	+28.9%	234,6 k €
EBITDA	151,9 k €	+54.4%	98,4 k €	-25.6%	132,2 k €	-28.4%	184,6 k €	+32.0%	139,8 k €	+13.1%	123,7 k €	+58.2%	78,2 k €	+151%	-154,2 k €	-274%	88,6 k €	+538%	-20,2 k €	+76.7%	-86,8 k €	-215%	75,6 k €	+38.0%	54,7 k €	-54.7%	120,9 k €	+261%	-75,1 k €	-229%	58,4 k €	-47.4%	111 k €	+3.8%	106,9 k €	-24.7%	142 k €	+22.6%	115,8 k €
Operating result	108,4 k €	+72.4%	62,9 k €	-29.0%	88,5 k €	-44.7%	160,1 k €	+38.2%	115,8 k €	+28.4%	90,2 k €	+98.1%	45,5 k €	+125%	-183 k €	-411%	58,9 k €	+216%	-50,9 k €	+57.4%	-119,4 k €	-338%	50,2 k €	+149%	20,2 k €	-77.1%	88,1 k €	+168%	-128,6 k €	-11096%	-1,1 k €	-103%	41,8 k €	+17.1%	35,7 k €	-55.3%	79,8 k €	+307%	19,6 k €
Net result	74,8 k €	+63.4%	45,8 k €	-42.2%	79,2 k €	-47.2%	150,1 k €	+53.2%	97,9 k €	+42.8%	68,6 k €	+222%	21,3 k €	+110%	-212,2 k €	-2754%	8 k €	+110%	-81,5 k €	+42.7%	-142,2 k €	-590%	29 k €	+2223%	-1,4 k €	-102%	59,8 k €	+139%	-155,3 k €	-426%	-29,5 k €	-1373%	2,3 k €	-89.1%	21,2 k €	-49.3%	41,8 k €	+10087%	-419 €
Balance sheet
Equity	206,7 k €	+56.7%	131,9 k €	+53.2%	86,1 k €	+1153%	6,9 k €	+105%	-143,2 k €	+40.6%	-241,2 k €	+22.1%	-309,7 k €	+6.4%	-331 k €	-179%	-118,8 k €	+37.5%	-190,2 k €	-75.0%	-108,7 k €	-424%	33,5 k €	+525%	-7,9 k €	-21.0%	-6,5 k €	+90.2%	-66,3 k €	-175%	88,9 k €	-24.9%	118,4 k €	+2.0%	116,1 k €	+22.4%	94,9 k €	+78.9%	53,1 k €
Total assets	397 k €	-24.5%	526,1 k €	-12.7%	602,8 k €	+9.5%	550,4 k €	+9.9%	500,8 k €	-22.5%	646,4 k €	+45.4%	444,7 k €	+6.5%	417,4 k €	-5.6%	442,2 k €	-13.0%	508,6 k €	-25.2%	679,8 k €	-5.7%	721,2 k €	-7.2%	777,4 k €	+8.1%	719,2 k €	-11.2%	810,2 k €	-13.7%	939,2 k €	+1.6%	924,5 k €	+13.6%	813,6 k €	+11.6%	729,1 k €	-4.1%	760,1 k €
Cash	68,4 k €	-31.6%	100,1 k €		–		–		19,4 €	+0.7%	19,3 €	-97.1%	673,9 €	-43.0%	1,2 k €	-91.8%	14,4 k €	+184%	5,1 k €	+757%	592,1 €	-87.7%	4,8 k €	-67.8%	15 k €	-36.3%	23,5 k €	-49.9%	46,9 k €	-6.5%	50,1 k €	-35.0%	77,1 k €	+1118%	6,3 k €	-56.8%	14,7 k €	+16.0%	12,6 k €
Debts	190,3 k €	-51.7%	394,2 k €	-23.7%	516,8 k €	-4.9%	543,6 k €	-15.6%	644 k €	-27.4%	887,6 k €	+21.7%	729,4 k €	-2.5%	748,5 k €	+33.4%	561 k €	-19.7%	698,7 k €	-11.4%	788,5 k €	+14.7%	687,6 k €	-12.4%	785,3 k €	+8.2%	725,7 k €	-11.6%	821 k €	+3.2%	795,3 k €	+5.9%	751,1 k €	+21.3%	619 k €	+8.1%	572,5 k €	-6.7%	613,7 k €
Other
Workforce	–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-64.3%	2,8 ETP	-6.7%	3,0 ETP	-25.0%	4,0 ETP	-24.5%	5,3 ETP	0.0%	5,3 ETP	+10.4%	4,8 ETP	-15.8%	5,7 ETP	-12.3%	6,5 ETP	+6.6%	6,1 ETP	+29.8%	4,7 ETP	+23.7%	3,8 ETP	+18.7%	3,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Brent Van Aelst

Director · since 31 décembre 2021

Active

Niels Van Aelst

Director

Active

Ended mandates

Niels Van Aelst

Director · since 31 décembre 2021

Ended

Brent Van Aelst

Director

Ended

Werner Van Aelst

Director · until 31 décembre 2021

Ended

Werner Van Aelst

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Nordicconstruct● Active	0720.640.516
V.A. Industries● Active	0811.745.290

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	20/05/2026	09/07/2025	09/07/2024	30/08/2023	24/08/2022	31/08/2021
General meeting	20/04/2026	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
Micro model	31/12/2025	20/04/2026	20/05/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	09/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	09/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	24/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	29/01/2021	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	04/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	13/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 ended

Active mandates

Brent Van Aelst

Director · since 31 décembre 2021

Active

Niels Van Aelst

Director

Active

Ended mandates

Niels Van Aelst

Director · since 31 décembre 2021

Ended

Brent Van Aelst

Director

Ended

Werner Van Aelst

Director · until 31 décembre 2021

Ended

Werner Van Aelst

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/07/2016
KAPITAAL - AANDELEN
PDF
Other04/02/2004
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 202574,8 k €↑
2024
Annual accounts 202445,8 k €↓
2023
Annual accounts 202379,2 k €↓
2023
Name changeV.A. Resources
2022
Annual accounts 2022150,1 k €↑
2021
Annual accounts 202197,9 k €↑
2021
Name changeAQUA-HEALTH
2020
Annual accounts 202068,6 k €↑
2019
Annual accounts 201921,3 k €↑
2018
Annual accounts 2018-212,2 k €↓
2017
Annual accounts 20178 k €↑
2016
Annual accounts 2016-81,5 k €↑
2015
Annual accounts 2015-142,2 k €↓
2014
Annual accounts 201429 k €↑
2013
Annual accounts 2013-1,4 k €↓
2012
Annual accounts 201259,8 k €↑
2011
Annual accounts 2011-155,3 k €↓
2010
Annual accounts 2010-29,5 k €↓
2009
Annual accounts 20092,3 k €↓
2008
Annual accounts 200821,2 k €↓
2007
Annual accounts 200741,8 k €↑
2006
Annual accounts 2006-419 €
28/01/2004
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

V.A. Resources

Overview

What does V.A. Resources 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