ACTIVE

Vermassen-Raes

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Financial year 2025 · Closed on 31/08/2025

Net result111,1 k €+134,5 %over 1 year

Gross margin627,7 k €+38,1 %over 1 year

Equity643,2 k €+16,8 %over 1 year

Workforce413 457,9 ETP+30,2 %over 1 year

Identity

Source · BCE/KBO

Vermassen-Raes is a Private limited company incorporated in 2004. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Erpe-Mere. It employs on average 413 457,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0869.748.223
Incorporation: 29/10/2004
Legal form: Private limited company
Registered office: Schoolstraat 22
9420 Erpe-Mere · FlandreSee on map
Contributed capital: 100 000,00 €
Latest accounts: 31/08/2025
Average workforce: 413 457,9 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	627,7 k €	+38.1%	454,4 k €	+9.8%	413,8 k €	+28.4%	322,3 k €	-27.0%	441,6 k €
EBITDA	204 k €	+60.2%	127,3 k €	-8.6%	139,4 k €	+15.9%	120,3 k €	-35.1%	185,4 k €
Operating result	159 k €	+101%	79,1 k €	-15.6%	93,8 k €	+35.6%	69,1 k €	-49.1%	135,8 k €
Net result	111,1 k €	+135%	47,4 k €	-19.8%	59,1 k €	+16.8%	50,5 k €	-46.9%	95,1 k €
Balance sheet
Equity	643,2 k €	+16.8%	550,5 k €	+0.8%	546,1 k €	+12.1%	487,1 k €	+2.7%	474,2 k €
Total assets	989 k €	+14.9%	860,5 k €	-12.5%	983,6 k €	+9.9%	895,1 k €	-4.1%	933,6 k €
Cash	205,2 k €	+443%	37,8 k €	-55.6%	85,1 k €	+54.4%	55,1 k €	-78.6%	257,2 k €
Debts	345,2 k €	+14.8%	300,7 k €	-30.6%	433,3 k €	+6.2%	408 k €	-11.0%	458,4 k €
Other
Workforce	413 457,9 ETP	+30.2%	317 518,3 ETP		–		5,6 ETP	+19.1%	4,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/08/2025

2 active · 8 ended

Active mandates

Ignaas Goethals

Administrator - manager

Active

Wim Raes

Administrator - manager

Active

Ended mandates

Ignaas René Goethals

Administrator - manager · since 10 novembre 2004

Ended

Wim Raes

Administrator - manager · since 11 octobre 2004

Ended

Ignaas Goethals

Manager

Ended

IGNAAS GOETHALS

Associate

Ended

Other companies at this address

Schoolstraat 22 9420 Erpe-Mere

Company	CBE no.
VERENIGING VAN EEN VILLA TE ERPE-MERE MERE SCHOOLSTRAAT 22● Active	0477.750.041

Full financial information

Source · NBB

	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	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/03/2026	19/03/2025	18/03/2024	27/02/2023	23/02/2022	29/01/2021
General meeting	23/03/2026	02/12/2024	27/02/2024	31/01/2023	31/01/2022	30/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2025	23/03/2026	25/03/2026	Dutch	PDF
Abridged model	31/08/2024	02/12/2024	19/03/2025	Dutch	PDF
Abridged model	31/08/2023	27/02/2024	18/03/2024	Dutch	PDF
Abridged model	31/08/2022	31/01/2023	27/02/2023	Dutch	PDF
Abridged model	31/08/2021	31/01/2022	23/02/2022	Dutch	PDF
Abridged model	31/08/2020	30/12/2020	29/01/2021	Dutch	PDF
Abridged model	31/08/2019	02/12/2019	29/01/2020	Dutch	PDF
Abridged model	31/08/2018	24/01/2019	24/01/2019	Dutch	PDF
Abridged model	31/08/2017	30/01/2018	30/01/2018	Dutch	PDF
Abridged model	31/08/2016	23/02/2017	27/02/2017	Dutch	PDF
Abridged model	31/08/2015	04/02/2016	04/02/2016	Dutch	PDF
Abridged model	31/08/2014	26/02/2015	26/02/2015	Dutch	PDF
Abridged model	31/08/2013	21/02/2014	02/04/2014	Dutch	PDF
Abridged model	31/08/2012	21/02/2013	21/02/2013	Dutch	PDF
Abridged model	31/08/2011	14/02/2012	02/03/2012	Dutch	PDF
Abridged model	31/08/2010	17/02/2011	21/02/2011	Dutch	PDF
Abridged model	31/08/2009	25/02/2010	26/02/2010	Dutch	PDF
Abridged model	31/08/2008	19/02/2009	26/02/2009	Dutch	PDF
Abridged model	31/08/2007	19/02/2008	28/02/2008	Dutch	PDF
Abridged model	31/08/2006	14/02/2007	27/02/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/08/2025

2 active · 8 ended

Active mandates

Ignaas Goethals

Administrator - manager

Active

Wim Raes

Administrator - manager

Active

Ended mandates

Ignaas René Goethals

Administrator - manager · since 10 novembre 2004

Ended

Wim Raes

Administrator - manager · since 11 octobre 2004

Ended

Ignaas Goethals

Manager

Ended

IGNAAS GOETHALS

Associate

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates05/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/08/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other30/04/2007
DIVERSEN
PDF
Other10/11/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025111,1 k €↑
2024
Annual accounts 202447,4 k €↓
2023
Annual accounts 202359,1 k €↑
2022
Annual accounts 202250,5 k €↓
2021
Annual accounts 202195,1 k €↑
2020
Annual accounts 202027,9 k €↓
2019
Annual accounts 201929,7 k €↑
2018
Annual accounts 201818,4 k €↑
2017
Annual accounts 201717,1 k €↓
2016
Annual accounts 201619,6 k €↓
2015
Annual accounts 201525,8 k €↑
2014
Annual accounts 20146,6 k €↓
2013
Annual accounts 201319,9 k €↓
2012
Annual accounts 201220,7 k €↓
2011
Annual accounts 201128,4 k €↑
2010
Annual accounts 201027,2 k €↓
2009
Annual accounts 200935,1 k €↑
2008
Annual accounts 200818,4 k €↓
2007
Annual accounts 200719,1 k €
29/10/2004
IncorporationPrivate limited company

Vermassen-Raes

Overview

Identity

Financials

Valuation

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

Timeline