ACTIVE

VAB CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

70,6 k €

Gross margin

130,4 k €

Equity

78,6 k €

+889.6% YoY

What does VAB CONSTRUCT do?

VAB CONSTRUCT is a Private limited company incorporated in 2006. Its main activity is: Construction of buildings. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.320.548

Incorporation

03/01/2006

Legal form

Private limited company

Registered office

Sint-Annastraat 2 box 1
1800 Vilvoorde · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43350Building completion and finishing 43390Other building completion and finishing

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	130,4 k €		–		0,0 €	-100%	9,0 k €	+221%	2,8 k €	+1830%	-163,0 €	-114%	1,1 k €	+124%	-4,8 k €	+15.4%	-5,7 k €	-939%	678,0 €	-76.0%	2,8 k €	-83.8%	17,4 k €	+1159%	1,4 k €	+168%	-2,0 k €	-115%	14,0 k €	-28.4%	19,6 k €	+290%	-10,3 k €
EBITDA	87,4 k €		–		0,0 €	-100%	8,4 k €	+389%	1,7 k €	+372%	-629,0 €	-306%	305,0 €	+105%	-5,7 k €	+11.9%	-6,5 k €	-463%	-1,1 k €	-397%	387,0 €	-97.7%	16,5 k €	+2663%	598,0 €	+124%	-2,5 k €	-121%	11,6 k €	-39.7%	19,2 k €	+276%	-10,9 k €
Operating result	87,4 k €		–		0,0 €	+100%	-15,6 k €	-1012%	1,7 k €	+168%	-2,5 k €	-214%	-803,0 €	+88.6%	-7,0 k €	+14.5%	-8,2 k €	-57.0%	-5,2 k €	+16.3%	-6,3 k €	-164%	9,7 k €	+245%	-6,7 k €	+27.0%	-9,2 k €	-773%	1,4 k €	-86.8%	10,4 k €	+153%	-19,6 k €
Net result	70,6 k €		–		0,0 €	+100%	-16,3 k €	-1962%	876,2 €	+127%	-3,3 k €	-108%	-1,6 k €	+79.6%	-7,8 k €	+13.1%	-8,9 k €	-789%	-1,0 k €	+85.9%	-7,1 k €	-181%	8,8 k €	+213%	-7,8 k €	+25.5%	-10,4 k €	-9319%	113,0 €	-99.2%	14,9 k €	+172%	-20,7 k €
Balance sheet
Equity	78,6 k €	+890%	7,9 k €	0.0%	7,9 k €	0.0%	7,9 k €	-67.3%	24,3 k €	+3.7%	23,4 k €	-12.4%	26,7 k €	-5.6%	28,3 k €	-21.6%	36,0 k €	-19.9%	45,0 k €	-2.2%	46,0 k €	-13.4%	53,1 k €	+19.9%	44,3 k €	-14.9%	52,0 k €	-16.7%	62,5 k €	+0.2%	62,3 k €	+31.5%	47,4 k €
Total assets	296,4 k €	+1548%	18,0 k €	0.0%	18,0 k €	0.0%	18,0 k €	-43.3%	31,7 k €	-8.6%	34,7 k €	+5.0%	33,1 k €	-2.2%	33,8 k €	-17.3%	40,9 k €	-20.6%	51,5 k €	+10.8%	46,5 k €	-24.1%	61,2 k €	+17.8%	51,9 k €	-19.2%	64,3 k €	-18.4%	78,8 k €	+12.8%	69,9 k €	+14.0%	61,3 k €
Cash	4,1 k €		–		–		–		–		–		–		–		1,3 k €	-56.7%	3,1 k €	-66.8%	9,3 k €	-34.6%	14,3 k €	+59.4%	8,9 k €	-62.4%	23,8 k €	-39.2%	39,1 k €	-16.0%	46,5 k €	+25.9%	36,9 k €
Debts	217,8 k €	+2450%	8,5 k €	0.0%	8,5 k €	0.0%	8,5 k €	+43.1%	6,0 k €	-39.3%	9,8 k €	+124%	4,4 k €	+16.5%	3,8 k €	+101%	1,9 k €	-71.3%	6,5 k €	+1155%	520,0 €	-93.6%	8,1 k €	+6.1%	7,7 k €	-37.5%	12,3 k €	-25.0%	16,3 k €	+121%	7,4 k €	-47.0%	13,9 k €

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 · 1 active · 1 ended

Active mandates

Veselin Sivkov

Mandate

Active

Ended mandates

Michel Bellens

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Dental Center DL● Active	0878.786.544

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged 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	02/06/2026	02/04/2026	23/08/2025	23/08/2025	08/08/2025	10/07/2021
General meeting	30/05/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/05/2026	02/06/2026	French	PDF
Micro model	31/12/2024	30/06/2025	02/04/2026	French	PDF
Abridged model	31/12/2023	30/06/2024	23/08/2025	French	PDF
Abridged model	31/12/2022	30/06/2023	23/08/2025	French	PDF
Abridged model	31/12/2021	30/06/2022	08/08/2025	French	PDF
Abridged model	31/12/2020	30/06/2021	10/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	10/10/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	04/11/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	24/09/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	05/08/2010	French	PDF
Abridged model	31/12/2008	09/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	09/05/2008	08/08/2008	French	PDF
Abridged model	31/12/2006	11/05/2007	12/07/2007	French	PDF

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 · 1 active · 1 ended

Active mandates

Veselin Sivkov

Mandate

Active

Ended mandates

Michel Bellens

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/08/2023
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/04/2023
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/12/2022
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office02/10/2017
SIEGE SOCIAL
PDF
Other13/01/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202570,6 k €↑
2024
Annual accounts 2024
2023
Annual accounts 20230,0 €↑
2022
Annual accounts 2022-16,3 k €↓
2021
Annual accounts 2021876,2 €↑
2020
Annual accounts 2020-3,3 k €↓
2019
Annual accounts 2019-1,6 k €↑
2018
Annual accounts 2018-7,8 k €↑
2017
Annual accounts 2017-8,9 k €↓
2016
Annual accounts 2016-1,0 k €↑
2015
Annual accounts 2015-7,1 k €↓
2014
Annual accounts 20148,8 k €↑
2013
Annual accounts 2013-7,8 k €↑
2012
Annual accounts 2012-10,4 k €↓
2011
Annual accounts 2011113,0 €↓
2010
Annual accounts 201014,9 k €↑
2009
Annual accounts 2009-20,7 k €
03/01/2006
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

VAB CONSTRUCT

Overview

What does VAB CONSTRUCT do?

Trend over 17 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