ACTIVE

VDP Masters

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Financial year 2025 · closed on 30/09/2025

Net result

58,4 k €

+69.1% YoY

Gross margin

73,8 k €

+49.8% YoY

Equity

400,6 k €

+17.1% YoY

What does VDP Masters do?

VDP Masters is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Harelbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.417.854

Incorporation

22/11/2005

Legal form

Private limited company

Registered office

Hyacintenlaan 16
8531 Harelbeke · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	73,8 k €	+49.8%	49,3 k €	-19.9%	61,5 k €	-26.8%	84 k €	+98.3%	42,4 k €	+18.1%	35,9 k €	-82.3%	202,3 k €	+102%	100,2 k €	+27.6%	78,6 k €	+45.1%	54,1 k €	+22.3%	44,3 k €	-17.6%	53,7 k €	+11.8%	48 k €	-18.5%	58,9 k €	+2.1%	57,7 k €	+96.9%	29,3 k €	-60.8%	74,7 k €	+13.0%	66,1 k €	-19.7%	82,4 k €
EBITDA	72,5 k €	+51.5%	47,9 k €	-20.6%	60,3 k €	-27.6%	83,3 k €	+104%	40,7 k €	+17.1%	34,8 k €	-82.7%	201,1 k €	+103%	99,1 k €	+28.5%	77,1 k €	+46.1%	52,8 k €	+23.9%	42,6 k €	-18.6%	52,3 k €	+13.0%	46,3 k €	-19.0%	57,2 k €	+1.7%	56,3 k €	+101%	28 k €	-61.9%	73,4 k €	+12.9%	65 k €	-19.7%	80,9 k €
Operating result	71,3 k €	+52.2%	46,9 k €	-22.0%	60,1 k €	-27.8%	83,2 k €	+251%	23,7 k €	+33.4%	17,8 k €	-90.3%	184,1 k €	+125%	82 k €	+38.6%	59,1 k €	+15.5%	51,2 k €	+24.9%	41 k €	-17.7%	49,8 k €	+16.6%	42,7 k €	-20.9%	54,1 k €	+1.1%	53,4 k €	+147%	21,6 k €	-67.5%	66,5 k €	+12.2%	59,3 k €	-21.6%	75,7 k €
Net result	58,4 k €	+69.1%	34,5 k €	-17.6%	41,9 k €	-29.4%	59,4 k €	+293%	15,1 k €	+20.9%	12,5 k €	-90.0%	124,4 k €	+149%	49,9 k €	+39.0%	35,9 k €	+17.8%	30,4 k €	+15.5%	26,4 k €	-24.4%	34,9 k €	+21.4%	28,8 k €	-27.5%	39,6 k €	+7.4%	36,9 k €	+134%	15,8 k €	-68.6%	50,2 k €	+11.8%	44,9 k €	-14.8%	52,7 k €
Balance sheet
Equity	400,6 k €	+17.1%	342,2 k €	-3.6%	355 k €	+2.3%	347,2 k €	+9.6%	316,7 k €	-3.0%	326,6 k €	+4.0%	314,1 k €	-4.0%	327,3 k €	+18.0%	277,4 k €	+14.9%	241,5 k €	+14.4%	211,1 k €	+14.3%	184,7 k €	-3.1%	190,6 k €	+17.8%	161,8 k €	+32.4%	122,2 k €	-15.9%	145,3 k €	-25.2%	194,3 k €	+34.8%	144,1 k €	+45.3%	99,2 k €
Total assets	543,4 k €	+2.1%	532,4 k €	-5.0%	560,7 k €	-1.4%	568,8 k €	+8.2%	525,6 k €	+5.0%	500,3 k €	-7.2%	539,2 k €	+32.4%	407,3 k €	+21.9%	334,1 k €	+4.2%	320,4 k €	+7.7%	297,7 k €	-2.9%	306,5 k €	+2.4%	299,4 k €	+12.1%	267,2 k €	+0.4%	266,2 k €	+13.7%	234,2 k €	+11.5%	210 k €	+23.9%	169,5 k €	+24.2%	136,5 k €
Cash	131,6 k €	+83.5%	71,7 k €	-32.4%	106,2 k €	-50.1%	212,5 k €	-12.8%	243,6 k €	+10.8%	219,9 k €	-19.4%	272,8 k €	+11.7%	244,2 k €	+83.3%	133,2 k €	-21.8%	170,4 k €	+45.3%	117,2 k €	-51.9%	243,8 k €	+195%	82,6 k €	+91.3%	43,2 k €	-47.9%	82,9 k €	+39.6%	59,4 k €	+89.5%	31,3 k €	-41.8%	53,9 k €	-38.4%	87,5 k €
Debts	142,9 k €	-24.9%	190,2 k €	-7.5%	205,7 k €	-7.2%	221,7 k €	+6.1%	208,9 k €	+20.3%	173,7 k €	-22.8%	225,1 k €	+188%	78,1 k €	+43.8%	54,3 k €	-28.4%	75,8 k €	-8.3%	82,7 k €	-29.6%	117,5 k €	+12.8%	104,2 k €	+3.1%	101 k €	-29.0%	142,3 k €	+61.0%	88,4 k €	+481%	15,2 k €	-39.6%	25,2 k €	-32.1%	37,2 k €

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 30/09/2025 · 1 active · 1 ended

Active mandates

Vandepitte Luc

Director

Active

Ended mandates

Luc Vandepitte

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ARGON SELECTIE● Active	0474.760.263

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/04/2026	27/03/2025	28/03/2024	16/03/2023	16/03/2022	23/03/2021
General meeting	07/03/2026	01/03/2025	02/03/2024	04/03/2023	05/03/2022	06/03/2021
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	30/09/2025	07/03/2026	29/04/2026	Dutch	PDF
Micro model	30/09/2024	01/03/2025	27/03/2025	Dutch	PDF
Micro model	30/09/2023	02/03/2024	28/03/2024	Dutch	PDF
Micro model	30/09/2022	04/03/2023	16/03/2023	Dutch	PDF
Micro model	30/09/2021	05/03/2022	16/03/2022	Dutch	PDF
Micro model	30/09/2020	06/03/2021	23/03/2021	Dutch	PDF
Micro model	30/09/2019	07/03/2020	31/03/2020	Dutch	PDF
Micro model	30/09/2018	02/03/2019	15/04/2019	Dutch	PDF
Micro model	30/09/2017	03/03/2018	23/03/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	23/03/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	22/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	12/05/2014	Dutch	PDF
Abridged model	30/09/2012	02/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	15/12/2011	30/05/2012	Dutch	PDF
Abridged model	30/09/2010	05/03/2011	30/04/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	28/04/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	28/04/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	30/03/2007	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 30/09/2025 · 1 active · 1 ended

Active mandates

Vandepitte Luc

Director

Active

Ended mandates

Luc Vandepitte

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/07/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other02/12/2005
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 202558,4 k €↑
2024
Annual accounts 202434,5 k €↓
2023
Annual accounts 202341,9 k €↓
2022
Annual accounts 202259,4 k €↑
2021
Annual accounts 202115,1 k €↑
2020
Annual accounts 202012,5 k €↓
2019
Annual accounts 2019124,4 k €↑
2018
Annual accounts 201849,9 k €↑
2017
Annual accounts 201735,9 k €↑
2016
Annual accounts 201630,4 k €↑
2015
Annual accounts 201526,4 k €↓
2014
Annual accounts 201434,9 k €↑
2013
Annual accounts 201328,8 k €↓
2012
Annual accounts 201239,6 k €↑
2011
Annual accounts 201136,9 k €↑
2010
Annual accounts 201015,8 k €↓
2009
Annual accounts 200950,2 k €↑
2008
Annual accounts 200844,9 k €↓
2007
Annual accounts 200752,7 k €
22/11/2005
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

VDP Masters

Overview

What does VDP Masters do?

Trend over 19 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