NORMAL SITUATION

VERTICAL LIMIT

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Financial year 2023 · closed on 30/09/2023

Net result

20,3 k €

-4.0% YoY

Gross margin

186,2 k €

-7.2% YoY

Equity

300,3 k €

+7.3% YoY

Company — Normal situation.

What does VERTICAL LIMIT do?

VERTICAL LIMIT is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.911.159

Legal form

Private company with limited liability

Contributed capital

18 550,00 €

Latest accounts

30/09/2023

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	186,2 k €	-7.2%	200,8 k €	-7.7%	217,6 k €	-18.7%	267,7 k €	+1.8%	262,8 k €	+9.8%	239,4 k €	+27.6%	187,6 k €	+0.4%	186,8 k €	-6.9%	200,7 k €	+60.6%	125 k €	-9.1%	137,5 k €	-2.6%	141,2 k €	-15.0%	166,1 k €	+102%	82,3 k €	+14.0%	72,2 k €	+61.8%	44,6 k €
EBITDA	79,1 k €	+10.9%	71,3 k €	-41.1%	121,1 k €	+46.7%	82,6 k €	+4.7%	78,9 k €	-50.1%	158 k €	+10.7%	142,8 k €	+5.4%	135,5 k €	-4.8%	142,2 k €	+15.0%	123,6 k €	-9.1%	136 k €	-2.7%	139,8 k €	-14.9%	164,3 k €	+104%	80,7 k €	+13.8%	71 k €	+62.6%	43,6 k €
Operating result	34,5 k €	-2.1%	35,2 k €	-52.5%	74,1 k €	+227%	22,7 k €	+1755%	1,2 k €	-97.7%	52,5 k €	+83.3%	28,7 k €	+15.5%	24,8 k €	-27.1%	34 k €	+344%	7,7 k €	-67.2%	23,4 k €	-29.0%	32,9 k €	-59.3%	81 k €	+449%	14,8 k €	+53.6%	9,6 k €	+27.0%	7,6 k €
Net result	20,3 k €	-4.0%	21,1 k €	-56.0%	48,1 k €	+204%	15,8 k €	+421%	-4,9 k €	-112%	40,7 k €	+87.2%	21,7 k €	+103%	10,7 k €	-49.8%	21,4 k €	+9346%	226,3 €	-97.9%	10,7 k €	-47.2%	20,3 k €	-56.3%	46,4 k €	+15408%	299 €	-96.1%	7,7 k €	+1016%	685,9 €
Balance sheet
Equity	300,3 k €	+7.3%	280 k €	+8.2%	258,8 k €	+22.8%	210,8 k €	+8.1%	195 k €	-2.5%	199,9 k €	+25.6%	159,2 k €	+15.8%	137,5 k €	+8.5%	126,7 k €	+20.3%	105,4 k €	+0.2%	105,1 k €	+11.3%	94,4 k €	+27.3%	74,2 k €	+167%	27,8 k €	+1.1%	27,5 k €	+38.6%	19,9 k €
Total assets	399,6 k €	-5.1%	421 k €	+9.4%	385 k €	+9.6%	351,4 k €	+13.7%	309,1 k €	-15.7%	366,6 k €	+2.6%	357,4 k €	+0.7%	355 k €	+8.2%	328,2 k €	+14.7%	286,2 k €	-1.8%	291,4 k €	+3.8%	280,8 k €	-17.8%	341,4 k €	-5.7%	362,2 k €	+11.5%	324,7 k €	+6.9%	303,7 k €
Cash	201,2 k €	+27.7%	157,6 k €	-12.5%	180,1 k €	+41.6%	127,2 k €	+73.0%	73,6 k €	-49.2%	144,9 k €	+10.8%	130,8 k €	-3.9%	136,1 k €	+46.9%	92,6 k €	+149%	37,2 k €	-39.6%	61,6 k €	+62.5%	37,9 k €	-43.9%	67,6 k €		–		–		–
Debts	97,3 k €	-31.0%	141,1 k €	+11.8%	126,1 k €	-10.3%	140,6 k €	+23.2%	114,1 k €	-31.5%	166,7 k €	-4.8%	175,2 k €	-1.3%	177,5 k €	-4.8%	186,4 k €	+3.1%	180,8 k €	-2.9%	186,3 k €	+0.1%	186 k €	-30.2%	266,4 k €	-20.1%	333,5 k €	+12.4%	296,8 k €	+4.9%	283,1 k €
Other
Workforce	–		–		–		–		–		–		–		1,3 ETP	+30.0%	1,0 ETP		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 30/09/2023 · 2 active · 11 ended

Active mandates

Geert Roger VANDEVELDE

Director

Active

Luc VERMEERSCH

Director

Active

Ended mandates

Luc Vermeersch

Manager · since 31 mars 2008

Ended

Luc VERMEERSCH

Director · since 31 mars 2008

Ended

Patrick Vanthourenhout

Manager · since 31 mars 2008

Ended

Geert Roger VANDEVELDE

Director · since 01 février 2008

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2022	01/10/2021	01/10/2020	01/10/2019	01/10/2018	01/10/2017
Closing of the financial year	30/09/2023	30/09/2022	30/09/2021	30/09/2020	30/09/2019	30/09/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/04/2024	28/04/2023	27/04/2022	28/04/2021	30/04/2020	29/04/2019
General meeting	25/03/2024	25/03/2023	25/03/2022	25/03/2021	25/03/2020	25/03/2019
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2023	25/03/2024	26/04/2024	Dutch	PDF
Micro model	30/09/2022	25/03/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	25/03/2022	27/04/2022	Dutch	PDF
Micro model	30/09/2020	25/03/2021	28/04/2021	Dutch	PDF
Micro model	30/09/2019	25/03/2020	30/04/2020	Dutch	PDF
Micro model	30/09/2018	25/03/2019	29/04/2019	Dutch	PDF
Micro model	30/09/2017	26/03/2018	26/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	28/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	25/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	25/03/2014	16/05/2014	Dutch	PDF
Abridged model	30/09/2012	26/03/2013	25/04/2013	Dutch	PDF
Abridged model	30/09/2011	25/03/2012	26/04/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	27/04/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	23/05/2010	Dutch	PDF
Abridged model	30/09/2008	25/03/2009	11/05/2009	Dutch	PDF

Estimate

Indicative valuation

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 30/09/2023 · 2 active · 11 ended

Active mandates

Geert Roger VANDEVELDE

Director

Active

Luc VERMEERSCH

Director

Active

Ended mandates

Luc Vermeersch

Manager · since 31 mars 2008

Ended

Luc VERMEERSCH

Director · since 31 mars 2008

Ended

Patrick Vanthourenhout

Manager · since 31 mars 2008

Ended

Geert Roger VANDEVELDE

Director · since 01 février 2008

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 202320,3 k €↓
2022
Annual accounts 202221,1 k €↓
2021
Annual accounts 202148,1 k €↑
2020
Annual accounts 202015,8 k €↑
2019
Annual accounts 2019-4,9 k €↓
2018
Annual accounts 201840,7 k €↑
2017
Annual accounts 201721,7 k €↑
2016
Annual accounts 201610,7 k €↓
2015
Annual accounts 201521,4 k €↑
2014
Annual accounts 2014226,3 €↓
2013
Annual accounts 201310,7 k €↓
2012
Annual accounts 201220,3 k €↓
2011
Annual accounts 201146,4 k €↑
2010
Annual accounts 2010299 €↓
2009
Annual accounts 20097,7 k €↑
2008
Annual accounts 2008685,9 €

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

VERTICAL LIMIT

Overview

What does VERTICAL LIMIT do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline