ACTIVE

V&S CONSTRUCT

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Financial year 2025 · closed on 30/09/2025
Net result
79,4 k €
+37.0% YoY
Gross margin
727,2 k €
+7.4% YoY
Equity
577,5 k €
-5.6% YoY
Workforce
9,7 ETP
+9.0% YoY

What does V&S CONSTRUCT do?

V&S CONSTRUCT is a Private limited company incorporated in 2006. Its main activity is: Joinery installation. Its registered office is in Peer. It employs on average 9,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0879.079.623
Incorporation
01/02/2006
Legal form
Private limited company
Registered office
Keitelweg 2122
3990 Peer · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
9,7 ETP
Activities (NACE)
43320Joinery installation· main43320Joinery installation45422Sale, maintenance and repair of motorcycles and related parts and accessories16230Manufacture of other builders' carpentry and joinery16230Manufacture of other builders' carpentry and joinery20301Manufacture of paints, varnishes and similar coatings, printing ink and mastics
Joint committees (2)
  • 1240
  • 2000
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172015201420132012201120102009200820072006
Income statement
Gross margin727,2 k €677,2 k €618,3 k €550,0 k €516,2 k €436,7 k €440,1 k €326,4 k €564,2 k €497,9 k €359,3 k €276,0 k €208,7 k €100,1 k €66,3 k €48,2 k €60,4 k €32,9 k €28,2 k €
EBITDA167,4 k €137,8 k €120,2 k €152,1 k €201,4 k €183,5 k €176,2 k €142,7 k €126,0 k €161,1 k €142,1 k €105,1 k €114,7 k €75,6 k €56,2 k €38,6 k €57,9 k €30,1 k €22,0 k €
Operating result128,9 k €86,2 k €81,8 k €112,9 k €155,5 k €127,5 k €104,3 k €85,0 k €59,3 k €74,3 k €71,7 k €62,6 k €75,5 k €44,5 k €27,4 k €9,6 k €30,5 k €11,3 k €6,3 k €
Net result79,4 k €57,9 k €56,4 k €76,9 k €103,5 k €88,0 k €64,2 k €12,7 k €-15,5 k €22,0 k €17,6 k €21,7 k €38,2 k €11,6 k €15,2 k €1,2 k €17,8 k €3,3 k €2,0 k €
Balance sheet
Equity577,5 k €611,5 k €553,6 k €497,2 k €420,3 k €316,8 k €228,8 k €164,6 k €152,0 k €167,5 k €141,3 k €107,6 k €85,9 k €47,6 k €36,0 k €26,8 k €25,5 k €15,7 k €8,2 k €
Total assets1,1 M €1,8 M €1,1 M €1,1 M €997,6 k €932,6 k €822,5 k €935,2 k €903,7 k €1,0 M €977,6 k €715,8 k €658,3 k €500,8 k €302,4 k €137,6 k €137,8 k €91,8 k €100,8 k €
Cash86,1 k €61,4 k €81,5 k €120,1 k €253,5 k €316,0 k €135,4 k €28,1 k €550,8 €5,4 k €18,7 k €58,5 k €33,4 k €103,7 k €75,0 k €17,3 k €39,0 k €19,5 k €14,4 k €
Debts479,2 k €1,2 M €506,1 k €608,6 k €574,8 k €615,7 k €585,3 k €770,6 k €751,7 k €845,3 k €835,8 k €595,7 k €570,7 k €453,2 k €209,5 k €110,8 k €112,2 k €75,3 k €92,5 k €
Other
Workforce9,7 ETP8,9 ETP8,1 ETP6,7 ETP6,7 ETP6,4 ETP4,1 ETP4,1 ETP3,7 ETP6,7 ETP5,0 ETP3,9 ETP2,3 ETP0,4 ETP0,1 ETP0,2 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 8 ended

Active mandates

Bart Spapen

Director · since 17 janvier 2006

Active
Tom Vranken

Director · since 17 janvier 2006

Active

Ended mandates

Bart Spapen

Manager · since 02 février 2006

Ended
Tom Vranken

Manager · since 02 février 2006

Ended
Bart Spaepen

Manager

Ended
Bart Spapen

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
V & S +● Active
0632.998.244
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/04/202628/04/202526/04/202424/04/202302/05/202206/04/2021
General meeting31/03/202620/02/202515/02/202416/02/202317/02/202218/02/2021
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202531/03/202629/04/2026DutchPDF
Abridged model30/09/202420/02/202528/04/2025DutchPDF
Abridged model30/09/202315/02/202426/04/2024DutchPDF
Abridged model30/09/202216/02/202324/04/2023DutchPDF
Abridged model30/09/202117/02/202202/05/2022DutchPDF
Abridged model30/09/202018/02/202106/04/2021DutchPDF
Abridged model30/09/201920/02/202006/04/2020DutchPDF
Abridged model30/09/201821/02/201903/04/2019DutchPDF
Abridged model30/09/201725/02/201827/03/2018DutchPDF
Abridged model31/12/201527/05/201628/06/2016DutchPDF
Abridged model31/12/201429/05/201510/10/2015DutchPDF
Abridged model31/12/201330/05/201429/09/2014DutchPDF
Abridged model31/12/201231/05/201320/09/2013DutchPDF
Abridged model31/12/201125/05/201225/09/2012DutchPDF
Abridged model31/12/201027/05/201122/09/2011DutchPDF
Abridged model31/12/200928/05/201027/10/2010DutchPDF
Abridged model31/12/200829/05/200912/11/2009DutchPDF
Abridged model31/12/200730/05/200826/12/2008DutchPDF
Abridged model31/12/200625/05/200731/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 2 active · 8 ended

Active mandates

Bart Spapen

Director · since 17 janvier 2006

Active
Tom Vranken

Director · since 17 janvier 2006

Active

Ended mandates

Bart Spapen

Manager · since 02 février 2006

Ended
Tom Vranken

Manager · since 02 février 2006

Ended
Bart Spaepen

Manager

Ended
Bart Spapen

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/09/2022
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/01/2017
    BOEKJAAR
    PDF
  • Registered office16/07/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office23/03/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other13/02/2006
    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

Timeline

  1. 2025
    Annual accounts 202579,4 k €↑
  2. 2024
    Annual accounts 202457,9 k €↑
  3. 2023
    Annual accounts 202356,4 k €↓
  4. 2022
    Annual accounts 202276,9 k €↓
  5. 2021
    Annual accounts 2021103,5 k €↑
  6. 2020
    Annual accounts 202088,0 k €↑
  7. 2019
    Annual accounts 201964,2 k €↑
  8. 2018
    Annual accounts 201812,7 k €↑
  9. 2017
    Annual accounts 2017-15,5 k €↓
  10. 2015
    Annual accounts 201522,0 k €↑
  11. 2014
    Annual accounts 201417,6 k €↓
  12. 2013
    Annual accounts 201321,7 k €↓
  13. 2012
    Annual accounts 201238,2 k €↑
  14. 2011
    Annual accounts 201111,6 k €↓
  15. 2010
    Annual accounts 201015,2 k €↑
  16. 2009
    Annual accounts 20091,2 k €↓
  17. 2008
    Annual accounts 200817,8 k €↑
  18. 2007
    Annual accounts 20073,3 k €↑
  19. 2006
    Annual accounts 20062,0 k €
  20. 01/02/2006
    IncorporationPrivate limited company