ACTIVE

V.M.S.B.

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Financial year 2025 · closed on 31/12/2025

Net result

2,6 k €

-85.0% YoY

Revenue

589,9 k €

-8.6% YoY

Equity

2,4 M €

+0.1% YoY

Workforce

5,4 ETP

-10.0% YoY

What does V.M.S.B. do?

V.M.S.B. is a Public limited company incorporated in 2004. Its main activity is: Support activities for transportation. Its registered office is in Tubize. It employs on average 5,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.001.512

Incorporation

16/11/2004

Legal form

Public limited company

Registered office

Avenue Ernest Solvay 88
1480 Tubize · WallonieSee on map

Contributed capital

1 929 753,02 €

Latest accounts

31/12/2025

Average workforce

5,4 ETP

Activities (NACE)

52250Support activities for transportation· main 52290Other transportation support activities 63406Information service activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	589,9 k €	-8.6%	645,5 k €	-1.0%	651,9 k €	+8.7%	599,7 k €	+1.1%	593,4 k €	-8.8%	650,6 k €	+2.0%	637,5 k €	+8401%	7,5 k €		–		–		464 k €	+132%	199,9 k €		–		–		–		–
EBITDA	10 k €	-73.0%	37,1 k €	+358%	-14,4 k €	-137%	38,6 k €	-79.3%	186,6 k €	+454%	33,7 k €	+450%	6,1 k €	-93.5%	94,3 k €	-40.2%	157,7 k €	-12.5%	180,3 k €	+199%	60,2 k €	+341%	-25 k €	-229%	19,4 k €	-15.8%	23,1 k €	-42.0%	39,8 k €	-28.5%	55,7 k €
Operating result	10 k €	-73.0%	37,1 k €	+358%	-14,4 k €	-137%	38,6 k €	-79.3%	186,6 k €	+454%	33,7 k €	+450%	6,1 k €	-69.5%	20,1 k €	-73.8%	76,8 k €	+199%	25,7 k €	-57.4%	60,2 k €	+341%	-25 k €	-229%	19,4 k €	-2.2%	19,9 k €	-49.6%	39,5 k €	-28.7%	55,3 k €
Net result	2,6 k €	-85.0%	17,4 k €	-62.1%	45,8 k €	-94.5%	829,5 k €	+448%	151,4 k €	-30.5%	217,9 k €	+27973%	776,1 €	-95.1%	15,7 k €	-24.2%	20,7 k €	-13.0%	23,8 k €	-59.4%	58,8 k €	+364%	-22,3 k €	-293%	11,6 k €	-13.7%	13,4 k €	-49.1%	26,3 k €	-27.0%	36,1 k €
Balance sheet
Equity	2,4 M €	+0.1%	2,4 M €	+0.7%	2,4 M €	-69.0%	7,8 M €	+11.8%	7 M €	+2.2%	6,9 M €	+3.3%	6,6 M €	+852%	696,8 k €	+2.3%	681,1 k €	+3.1%	660,4 k €	+3.7%	636,5 k €	+10.2%	577,7 k €	+626%	79,6 k €	+17.0%	68,1 k €	+11.3%	61,2 k €	+22.8%	49,8 k €
Total assets	2,7 M €	+1.5%	2,7 M €	-8.8%	2,9 M €	-64.7%	8,3 M €	-0.0%	8,3 M €	+2.4%	8,1 M €	+3.0%	7,8 M €	+735%	939,7 k €	-1.4%	953,2 k €	-6.8%	1 M €	+2.9%	994,1 k €	+0.6%	988,1 k €	+1088%	83,2 k €	+6.9%	77,9 k €	-15.1%	91,7 k €	+12.6%	81,4 k €
Cash	3,8 k €	-80.9%	19,9 k €	+711%	2,5 k €	-72.8%	9 k €	-58.4%	21,7 k €	+41.2%	15,4 k €	+959%	1,5 k €	+28.3%	1,1 k €	-34.3%	1,7 k €	+654%	228,5 €	+36.1%	167,9 €	-98.9%	15,3 k €	-79.2%	73,5 k €	+41.4%	52 k €	-6.5%	55,6 k €	+19.3%	46,6 k €
Debts	250,9 k €	+17.1%	214,3 k €	-54.2%	467,6 k €	+6.9%	437,5 k €	-65.3%	1,3 M €	+3.2%	1,2 M €	+0.9%	1,2 M €	+399%	242,8 k €	-10.8%	272,1 k €	-22.8%	352,6 k €	-1.4%	357,6 k €	-12.9%	410,4 k €	+11384%	3,6 k €	-63.5%	9,8 k €	-67.9%	30,5 k €	-3.4%	31,6 k €
Other
Workforce	5,4 ETP	-10.0%	6,0 ETP	-3.2%	6,2 ETP	-11.4%	7,0 ETP	0.0%	7,0 ETP	-12.5%	8,0 ETP	-16.7%	9,6 ETP		–		–		–		0,1 ETP	-66.7%	0,3 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 31/12/2025 · 3 active · 9 ended

Active mandates

Béatrice Bombart

Director

Active

Guy Van Mieghem

Managing director

Active

Luc Van Mieghem

Managing director

Active

Ended mandates

Béatrice Bombart

Director · since 17 octobre 2012

Ended

GUY VAN MIEGHEM

Manager · since 31 décembre 2010

Ended

ERIC VAN LAETHEM

Manager · since 02 avril 2004 · until 31 décembre 2010

Ended

ERIC VAN LAETHEM

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
VAN MIEGHEM LOGISTICS● Active	0874.926.736

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	28/07/2026	25/07/2025	13/07/2024	12/07/2023	06/07/2022	30/07/2021
General meeting	29/06/2026	30/06/2025	26/06/2024	26/06/2023	27/06/2022	30/06/2021
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

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	28/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	25/07/2025	French	PDF
Consolidated accounts	31/12/2024	30/06/2025	25/07/2025	French	PDF
Full model	31/12/2023	26/06/2024	13/07/2024	French	PDF
Consolidated accounts	31/12/2023	24/06/2024	12/07/2024	French	PDF
Full model	31/12/2022	26/06/2023	12/07/2023	French	PDF
Consolidated accounts	31/12/2022	26/06/2023	18/07/2023	French	PDF
Full model	31/12/2021	27/06/2022	06/07/2022	French	PDF
Consolidated accounts	31/12/2021	27/06/2022	12/07/2022	French	PDF
Full model	31/12/2020	28/06/2021	17/07/2021	French	PDF
Consolidated accounts	31/12/2020	30/06/2021	30/07/2021	French	PDF
Full model	31/12/2019	29/06/2020	06/07/2020	French	PDF
Consolidated accounts	31/12/2019	29/06/2020	28/07/2020	French	PDF
Full model	31/12/2018	24/06/2019	01/07/2019	French	PDF
Consolidated accounts	31/12/2018	24/06/2019	03/07/2019	French	PDF
Full model	31/12/2017	25/06/2018	25/06/2018	French	PDF
Consolidated accounts	31/12/2017	25/06/2018	10/07/2018	French	PDF
Full model	31/12/2016	31/05/2017	03/07/2017	French	PDF
Consolidated accounts	31/12/2016	31/05/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	17/06/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	21/06/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	02/07/2012	French	PDF

View all 29 filings

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 31/12/2025 · 3 active · 9 ended

Active mandates

Béatrice Bombart

Director

Active

Guy Van Mieghem

Managing director

Active

Luc Van Mieghem

Managing director

Active

Ended mandates

Béatrice Bombart

Director · since 17 octobre 2012

Ended

GUY VAN MIEGHEM

Manager · since 31 décembre 2010

Ended

ERIC VAN LAETHEM

Manager · since 02 avril 2004 · until 31 décembre 2010

Ended

ERIC VAN LAETHEM

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring26/04/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring04/09/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates31/10/2016
DENOMINATION - OBJET - CAPITAL, ACTIONS
PDF
Restructuring31/08/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates15/02/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates28/02/2012
DEMISSIONS, NOMINATIONS
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 20252,6 k €↓
2024
Annual accounts 202417,4 k €↓
2023
Annual accounts 202345,8 k €↓
2022
Annual accounts 2022829,5 k €↑
2021
Annual accounts 2021151,4 k €↓
2020
Annual accounts 2020217,9 k €↑
2019
Annual accounts 2019776,1 €↓
2019
Name changeV.M.S.B.
2015
Annual accounts 201515,7 k €↓
2014
Annual accounts 201420,7 k €↓
2013
Annual accounts 201323,8 k €↓
2012
Annual accounts 201258,8 k €↑
2011
Annual accounts 2011-22,3 k €↓
2011
Name changeVM.C.B.
2010
Annual accounts 201011,6 k €↓
2009
Annual accounts 200913,4 k €↓
2008
Annual accounts 200826,3 k €↓
2007
Annual accounts 200736,1 k €
2007
Name changeLOGISTICS SERVICES
16/11/2004
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.M.S.B.

Overview

What does V.M.S.B. do?

Trend over 16 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