ACTIVE

VEKABO

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Financial year 2025 · closed on 31/12/2025

Net result

-448 k €

+93.5% YoY

Revenue

7,1 M €

-36.9% YoY

Equity

13,1 M €

-3.3% YoY

Workforce

2,1 ETP

-40.0% YoY

What does VEKABO do?

VEKABO is a Public limited company incorporated in 2006. Its main activity is: Buying and selling of own real estate. Its registered office is in Gent. It employs on average 2,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0879.032.410

Incorporation

26/01/2006

Legal form

Public limited company

Registered office

Pauline Van Pottelsberghelaan 22
9051 Gent · FlandreSee on map

Contributed capital

12 292 538,28 €

Latest accounts

31/12/2025

Average workforce

2,1 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Joint committees (1)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007
Income statement
Revenue	7,1 M €	-36.9%	11,3 M €	+13.5%	9,9 M €	-15.1%	11,7 M €	-42.9%	20,5 M €	+158%	7,9 M €	-53.2%	17 M €	-3.3%	17,6 M €	+37.3%	12,8 M €	-66.5%	38,3 M €	+56.1%	24,5 M €	-9.7%	27,1 M €	+268%	7,4 M €	+40.1%	5,3 M €	+9.4%	4,8 M €	+3127%	149 k €	-64.5%	420 k €		–
EBITDA	2,7 M €	+515%	436,7 k €	-74.1%	1,7 M €	+85.3%	908,9 k €	-64.9%	2,6 M €	+40.7%	1,8 M €	-57.9%	4,4 M €	+7.4%	4,1 M €	+18.0%	3,4 M €	-31.6%	5 M €	-19.6%	6,3 M €	-28.1%	8,7 M €	+257%	2,4 M €	+236%	727,2 k €	-8.3%	792,9 k €	+2965%	-27,7 k €	-114%	191,6 k €	+671%	-33,6 k €
Operating result	2,2 M €	+613%	310,8 k €	-77.2%	1,4 M €	+232%	410,7 k €	-77.0%	1,8 M €	+39.1%	1,3 M €	-32.7%	1,9 M €	-40.9%	3,2 M €	+2.1%	3,2 M €	-37.2%	5 M €	-19.3%	6,2 M €	-23.9%	8,2 M €	+287%	2,1 M €	+425%	403,4 k €	-14.3%	470,9 k €	+1802%	-27,7 k €	-114%	191,6 k €	+620%	-36,9 k €
Net result	-448 k €	+93.5%	-6,9 M €	-918%	-673,2 k €	-331%	-156 k €	-120%	772,6 k €	+23.4%	626,1 k €	-46.9%	1,2 M €	+2.3%	1,2 M €	+2424%	45,7 k €	-95.8%	1,1 M €	-49.4%	2,2 M €	-45.3%	4 M €	+227%	1,2 M €	+322%	-543,3 k €	-304%	-134,4 k €	+51.1%	-275,2 k €	-82.4%	-150,9 k €	-37.7%	-109,6 k €
Balance sheet
Equity	13,1 M €	-3.3%	13,6 M €	-33.5%	20,4 M €	-70.0%	68,1 M €	-0.2%	68,3 M €	+0.4%	68 M €	+0.2%	67,9 M €	+1.0%	67,2 M €	+1.0%	66,5 M €	+0.1%	66,5 M €	+0.9%	65,9 M €	+1.8%	64,7 M €	+52.6%	42,4 M €	+144%	17,4 M €	-2.8%	17,9 M €	+3756%	464,3 k €	-37.2%	739,5 k €	-16.9%	890,4 k €
Total assets	81,2 M €	-6.0%	86,4 M €	-5.3%	91,3 M €	-26.9%	124,9 M €	-6.2%	133,2 M €	+5.2%	126,5 M €	+2.4%	123,6 M €	+1.7%	121,4 M €	-11.1%	136,6 M €	-6.9%	146,7 M €	-9.5%	162,2 M €	+8.5%	149,5 M €	+21.6%	123 M €	+89.6%	64,8 M €	+61.9%	40,1 M €	+167%	15 M €	+38.0%	10,9 M €	+71.7%	6,3 M €
Cash	105,2 k €	+2726051%	3,9 €		–		–		–		51,7 k €	-87.1%	399,3 k €	+10179%	3,9 k €	-86.7%	29,1 k €	+15131%	191,4 €	-0.1%	191,5 €	-0.1%	191,7 €	-0.4%	192,4 €		–		–		–		–		102,8 k €
Debts	67,4 M €	-6.5%	72,1 M €	+2.9%	70 M €	+24.8%	56,1 M €	-12.9%	64,4 M €	+11.0%	58,1 M €	+5.6%	55 M €	+2.7%	53,5 M €	-22.5%	69,1 M €	-13.3%	79,6 M €	-17.1%	96,1 M €	+13.6%	84,6 M €	+5.2%	80,4 M €	+70.0%	47,3 M €	+114%	22,1 M €	+51.9%	14,5 M €	+48.3%	9,8 M €	+80.1%	5,4 M €
Other
Workforce	2,1 ETP	-40.0%	3,5 ETP	-31.4%	5,1 ETP	-5.6%	5,4 ETP	+31.7%	4,1 ETP	+32.3%	3,1 ETP	+34.8%	2,3 ETP	+15.0%	2,0 ETP	-37.5%	3,2 ETP	-51.5%	6,6 ETP	-1.5%	6,7 ETP	+24.1%	5,4 ETP	-21.7%	6,9 ETP	+21.1%	5,7 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 40 ended

Active mandates

PROCITY INVEST

Director · since 01 juillet 2025 · until 30 juin 2031 · 0726.458.833

Represented by Johan De Vlieger

Active

Bostoen Group

Director · since 01 juillet 2024 · until 30 juin 2030 · 0437.878.289

Represented by Stephan Bostoen

Active

LEIEKANT

Director · since 01 juillet 2024 · until 30 juin 2030 · 0450.495.615

Represented by Patrick Bostoen

Active

Ended mandates

ILLINOIS

Director · since 01 janvier 2020 · until 01 janvier 2026 · 0452.044.942

Represented by Marie-Ange Dossche

Ended

PROCITY INVEST

Director · since 01 juillet 2019 · until 30 mai 2025 · 0726.458.833

Represented by Johan De Vlieger

Ended

Bostoen Group

Director · since 01 juillet 2018 · until 01 juillet 2024 · 0437.878.289

Represented by Stephan Bostoen

Ended

Bostoen Group

Director · since 01 juillet 2018 · until 01 juillet 2024 · 0437.878.289

Represented by Stephan Bostoen

Ended

At this address

Other companies at this address

Company	CBE no.
Bostoen Group● Active	0437.878.289
Bouw Francis Bostoen● Active	0413.059.454
GULFCOM EUROPE● Active	0423.769.640
ILLINOIS● Active	0452.044.942
Immobiliën Francis Bostoen● Active	0415.235.719
NATUURSTEEN CRUL● Liquidation	0431.950.403
Noorweegse Kaai● Active	0862.398.393
PLUS HOME CONCEPT STORE● Active	0847.468.808

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/07/2026	17/07/2025	11/07/2024	11/07/2023	08/07/2022	08/07/2021
General meeting	30/06/2026	25/06/2025	25/06/2024	27/06/2023	30/06/2022	28/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	03/07/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	17/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	27/06/2023	11/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	08/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	15/07/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	06/06/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	06/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	10/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Full model	31/12/2011	18/09/2012	28/09/2012	Dutch	PDF
Full model	31/12/2010	29/06/2011	16/08/2011	Dutch	PDF
Full model	31/12/2009	29/06/2010	16/08/2010	Dutch	PDF
Full model	31/12/2008	29/06/2009	28/07/2009	Dutch	PDF
Full model	31/12/2007	20/11/2008	28/11/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 active · 40 ended

Active mandates

PROCITY INVEST

Director · since 01 juillet 2025 · until 30 juin 2031 · 0726.458.833

Represented by Johan De Vlieger

Active

Bostoen Group

Director · since 01 juillet 2024 · until 30 juin 2030 · 0437.878.289

Represented by Stephan Bostoen

Active

LEIEKANT

Director · since 01 juillet 2024 · until 30 juin 2030 · 0450.495.615

Represented by Patrick Bostoen

Active

Ended mandates

ILLINOIS

Director · since 01 janvier 2020 · until 01 janvier 2026 · 0452.044.942

Represented by Marie-Ange Dossche

Ended

PROCITY INVEST

Director · since 01 juillet 2019 · until 30 mai 2025 · 0726.458.833

Represented by Johan De Vlieger

Ended

Bostoen Group

Director · since 01 juillet 2018 · until 01 juillet 2024 · 0437.878.289

Represented by Stephan Bostoen

Ended

Bostoen Group

Director · since 01 juillet 2018 · until 01 juillet 2024 · 0437.878.289

Represented by Stephan Bostoen

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/07/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/05/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates30/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/02/2022
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2020
ONTSLAGEN - BENOEMINGEN
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 2025-448 k €↑
01/07/2025
reconductionProcity Invest BV — bestuurder
2024
Annual accounts 2024-6,9 M €↓
01/07/2024
reconductionBostoen Group NV — bestuurder
01/07/2024
reconductionLeiekant NV — bestuurder
25/06/2024
reconductionVRC Bedrijfsrevisoren BV — commissaris
2023
Annual accounts 2023-673,2 k €↓
2022
Annual accounts 2022-156 k €↓
2021
Annual accounts 2021772,6 k €↑
2020
Annual accounts 2020626,1 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 20181,2 M €↑
2017
Annual accounts 201745,7 k €↓
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20152,2 M €↓
2014
Annual accounts 20144 M €↑
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011-543,3 k €↓
2010
Annual accounts 2010-134,4 k €↑
2009
Annual accounts 2009-275,2 k €↓
2009
Name changeVekabo NV
2008
Annual accounts 2008-150,9 k €↓
2007
Annual accounts 2007-109,6 k €
2007
Name changeFLANDERS IMMO PROJECTS
26/01/2006
IncorporationPublic 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

VEKABO

Overview

What does VEKABO do?

Trend over 18 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