ACTIVE

VABELCO

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Financial year 2025 · closed on 31/12/2025

Net result

149,8 k €

-5.4% YoY

Gross margin

284,8 k €

+1.0% YoY

Equity

841,9 k €

+6.6% YoY

What does VABELCO do?

VABELCO is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Lievegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.397.950

Incorporation

06/01/2006

Legal form

Private limited company

Registered office

Poekstraat 13
9921 Lievegem · FlandreSee on map

Contributed capital

58 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	284,8 k €	+1.0%	281,9 k €	+7.0%	263,5 k €	+4.9%	251,2 k €	+5.2%	238,7 k €	-2.1%	243,8 k €	+9.4%	222,8 k €	+1.1%	220,5 k €	+11.7%	197,4 k €	-2.9%	203,3 k €	+7.9%	188,4 k €	+22.5%	153,8 k €	-11.5%	173,8 k €	+4.7%	166 k €	+13.4%	146,4 k €	-2.1%	149,5 k €	+3.6%	144,3 k €	-19.2%	178,6 k €	+122%	80,4 k €
EBITDA	241,3 k €	-0.5%	242,6 k €	+26.0%	192,5 k €	+3.6%	185,9 k €	+2.2%	181,8 k €	-3.4%	188,1 k €	+12.4%	167,4 k €	-2.7%	172,1 k €	+15.3%	149,2 k €	-4.7%	156,5 k €	+5.1%	148,9 k €	+15.0%	129,5 k €	-10.9%	145,4 k €	+1.6%	143,1 k €	+14.0%	125,6 k €	-2.9%	129,3 k €	+25.8%	102,8 k €	-13.3%	118,5 k €	+79.3%	66,1 k €
Operating result	223,4 k €	-0.7%	225 k €	+30.7%	172,1 k €	+2.4%	168 k €	+1.9%	164,9 k €	+0.4%	164,2 k €	+19.1%	137,8 k €	-3.1%	142,2 k €	+19.3%	119,2 k €	-5.9%	126,7 k €	-1.0%	128 k €	+11.1%	115,2 k €	-9.7%	127,7 k €	-3.0%	131,6 k €	+16.2%	113,3 k €	-2.8%	116,6 k €	+28.3%	90,9 k €	-21.3%	115,4 k €	+80.9%	63,8 k €
Net result	149,8 k €	-5.4%	158,4 k €	+27.9%	123,8 k €	+5.5%	117,3 k €	+2.0%	115,1 k €	-1.3%	116,6 k €	+19.2%	97,8 k €	-0.4%	98,2 k €	+47.1%	66,7 k €	-8.6%	73 k €	-1.0%	73,7 k €	+10.5%	66,7 k €	-16.5%	79,9 k €	-11.0%	89,8 k €	+22.9%	73,1 k €	-6.2%	77,9 k €	+20.8%	64,5 k €	-24.9%	85,8 k €	+82.8%	47 k €
Balance sheet
Equity	841,9 k €	+6.6%	789,9 k €	+8.2%	729,8 k €	+20.4%	605,9 k €	+9.1%	555,3 k €	+8.2%	513,2 k €	+9.1%	470,4 k €	+7.1%	439,3 k €	+28.8%	341,1 k €	+24.3%	274,4 k €	+36.2%	201,4 k €	+57.8%	127,6 k €	+511%	20,9 k €	-83.4%	126 k €	+249%	36,1 k €	-78.4%	167,6 k €	+86.8%	89,7 k €	-55.9%	203,5 k €	+72.9%	117,7 k €
Total assets	887,5 k €	+6.6%	832,4 k €	+10.2%	755,3 k €	+7.2%	704,3 k €	+6.3%	662,9 k €	+9.3%	606,2 k €	+6.5%	569 k €	+24.2%	458,1 k €	-23.7%	600,2 k €	+11.1%	540 k €	+17.6%	459,1 k €	+23.1%	372,8 k €	+12.2%	332,3 k €	+31.2%	253,4 k €	+62.5%	155,9 k €	-44.2%	279,5 k €	+4.4%	267,8 k €	+3.7%	258,2 k €	+77.6%	145,3 k €
Cash	28,2 k €	-91.3%	323,6 k €	+302%	80,4 k €	+3020%	2,6 k €	+10.9%	2,3 k €	+512%	380 €	-92.8%	5,2 k €	+2023%	247 €	-95.8%	5,9 k €	+483%	1 k €	-22.9%	1,3 k €	-29.1%	1,8 k €	-98.0%	92 k €	-61.2%	237,1 k €	+79.0%	132,5 k €	-45.9%	245 k €	+9.0%	224,9 k €	+3329%	6,6 k €	-25.2%	8,8 k €
Debts	45,6 k €	+7.5%	42,4 k €	+66.3%	25,5 k €	-74.1%	98,4 k €	-8.5%	107,5 k €	+15.7%	93 k €	-5.7%	98,6 k €	+424%	18,8 k €	-92.7%	259,1 k €	-2.5%	265,6 k €	+3.1%	257,7 k €	+5.1%	245,1 k €	-21.3%	311,4 k €	+144%	127,4 k €	+6.4%	119,7 k €	+12.4%	106,5 k €	-40.2%	178,1 k €	+226%	54,7 k €	+97.5%	27,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,3 ETP	+85.7%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	+16.7%	0,6 ETP	-45.5%	1,1 ETP	-38.9%	1,8 ETP	+260%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Jan Van Belleghem

Director

Active

Ended mandates

Jan Van Belleghem

Director · since 06 février 2020

Ended

Jan Van Belleghem

Director · since 15 décembre 2005

Ended

Jan Van Belleghem

Manager · since 15 décembre 2005

Ended

At this address

Other companies at this address

Company	CBE no.
INITIALS V.B.● Active	1039.980.451
Ryckedaele● Active	0790.449.337

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	01/01/2025	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	22/06/2026	11/06/2025	27/06/2024	21/08/2023	22/06/2022	25/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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	09/06/2026	22/06/2026	Dutch	PDF
Micro model	31/12/2024	10/06/2025	11/06/2025	Dutch	PDF
Micro model	31/12/2023	11/06/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	13/06/2023	21/08/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	08/06/2021	25/06/2021	Dutch	PDF
Micro model	31/12/2019	09/06/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	12/08/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	06/07/2018	Dutch	PDF
Micro model	31/12/2016	13/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	10/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	17/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	11/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	13/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Jan Van Belleghem

Director

Active

Ended mandates

Jan Van Belleghem

Director · since 06 février 2020

Ended

Jan Van Belleghem

Director · since 15 décembre 2005

Ended

Jan Van Belleghem

Manager · since 15 décembre 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/02/2020
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/01/2015
KAPITAAL - AANDELEN
PDF
Registered office13/11/2006
MAATSCHAPPELIJKE ZETEL
PDF
Other17/01/2006
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 2025149,8 k €↓
2024
Annual accounts 2024158,4 k €↑
2023
Annual accounts 2023123,8 k €↑
2022
Annual accounts 2022117,3 k €↑
2021
Annual accounts 2021115,1 k €↓
2020
Annual accounts 2020116,6 k €↑
2019
Annual accounts 201997,8 k €↓
2018
Annual accounts 201898,2 k €↑
2017
Annual accounts 201766,7 k €↓
2016
Annual accounts 201673 k €↓
2015
Annual accounts 201573,7 k €↑
2014
Annual accounts 201466,7 k €↓
2013
Annual accounts 201379,9 k €↓
2012
Annual accounts 201289,8 k €↑
2011
Annual accounts 201173,1 k €↓
2010
Annual accounts 201077,9 k €↑
2009
Annual accounts 200964,5 k €↓
2008
Annual accounts 200885,8 k €↑
2007
Annual accounts 200747 k €
06/01/2006
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

VABELCO

Overview

What does VABELCO 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