ACTIVE

VSDC-fb

Financial year 2025 · closed on 31/12/2025
Net result
16,3 k €
+21.3% YoY
Gross margin
466,7 k €
+3.7% YoY
Equity
287,5 k €
+6.7% YoY
Workforce
5,0 ETP
0.0% YoY

What does VSDC-fb do?

VSDC-fb is a Non-profit organization incorporated in 2005. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Wevelgem. It employs on average 5,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0877.925.521
Incorporation
15/12/2005
Legal form
Non-profit organization
Registered office
Lauwestraat 166
8560 Wevelgem · FlandreSee on map
Latest accounts
31/12/2025
Average workforce
5,0 ETP
Joint committees (1)
  • 336
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin466,7 k €450 k €422,2 k €400,2 k €322,3 k €327 k €344,2 k €365,4 k €342,2 k €
EBITDA23,1 k €24 k €28,6 k €39,2 k €3,6 k €18,6 k €26,5 k €71,5 k €42,7 k €
Operating result13,7 k €14,6 k €19,5 k €31,1 k €-2,8 k €12,2 k €19,5 k €64,5 k €36,6 k €
Net result16,3 k €13,4 k €16,6 k €26 k €-5,7 k €11,5 k €18,8 k €64,2 k €42,5 k €
Balance sheet
Equity287,5 k €269,4 k €254,5 k €236,1 k €210,1 k €215,9 k €203,1 k €182,3 k €111 k €
Total assets453,2 k €442,6 k €419,5 k €425,9 k €339,1 k €330,1 k €310 k €277,8 k €209,8 k €
Cash108,8 k €81,8 k €70,9 k €82,5 k €34,7 k €36,2 k €59,2 k €56 k €49,5 k €
Debts165,6 k €173,2 k €164,9 k €189,8 k €129 k €114,2 k €106,9 k €95,5 k €98,8 k €
Other
Workforce5,0 ETP5,0 ETP4,9 ETP4,9 ETP4,8 ETP4,4 ETP5,0 ETP4,2 ETP5,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

Kris Bouvyn

Director · since 14 juin 2014

Active
Gunther Kerkhof

Chairman of the board of directors · since 11 février 2011

Active

Ended mandates

Griet Logier

Director · since 14 juin 2014

Ended
At this address

Other companies at this address

CompanyCBE no.
0426.099.323
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/04/202631/03/202504/04/202408/06/202314/04/202212/04/2021
General meeting07/03/202614/03/202515/03/202412/05/202318/03/202212/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202507/03/202602/04/2026DutchPDF
Abridged model31/12/202414/03/202531/03/2025DutchPDF
Abridged model31/12/202315/03/202404/04/2024DutchPDF
Abridged model31/12/202212/05/202308/06/2023DutchPDF
Abridged model31/12/202118/03/202214/04/2022DutchPDF
Abridged model31/12/202012/03/202112/04/2021DutchPDF
Abridged model31/12/201906/03/202031/03/2020DutchPDF
Abridged model31/12/201815/03/201928/03/2019DutchPDF
Abridged model31/12/201709/03/201804/04/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 1 ended

Active mandates

Kris Bouvyn

Director · since 14 juin 2014

Active
Gunther Kerkhof

Chairman of the board of directors · since 11 février 2011

Active

Ended mandates

Griet Logier

Director · since 14 juin 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other23/07/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates08/04/2020
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates05/09/2014
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other13/04/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates01/04/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/02/2010
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other28/12/2005
    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

Timeline

  1. 2025
    Annual accounts 202516,3 k €
  2. 2024
    Annual accounts 202413,4 k €
  3. 2023
    Annual accounts 202316,6 k €
  4. 2022
    Annual accounts 202226 k €
  5. 2021
    Annual accounts 2021-5,7 k €
  6. 2020
    Annual accounts 202011,5 k €
  7. 2019
    Annual accounts 201918,8 k €
  8. 2018
    Annual accounts 201864,2 k €
  9. 2017
    Annual accounts 201742,5 k €
  10. 15/12/2005
    IncorporationNon-profit organization