V3S Glass Systems
0880.814.636 · rovalta.com · 24/09/2026
ACTIVE
V3S Glass Systems
Financial year 2025 · Closed on 31/12/2025
Net result
39,1 k €
-43,3 %over 1 yearGross margin
238,3 k €
-11,1 %over 1 yearEquity
1,1 M €
+3,6 %over 1 yearWorkforce
1,8 ETP
+5,9 %over 1 yearOverview
Identity
Source · BCE/KBOV3S Glass Systems is a Private limited company incorporated in 2006. Its main activity is: Manufacture of hollow glass. Its registered office is in Erpe-Mere. It employs on average 1,8 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0880.814.636
- Incorporation
- 20/04/2006
- Legal form
- Private limited company
- Registered office
- Gentsesteenweg 198a
9420 Erpe-Mere · FlandreSee on map - Contributed capital
- 323 700,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 1,8 ETP
Activities (NACE)
23130Manufacture of hollow glass· main23130Manufacture of hollow glass26130Manufacture of electronic components and boards47521Retail sale of hardware, paints and glass in specialised stores47521Retail sale of hardware, paints and glass in specialised stores52461Warehousing and support activities for transportation+6
Joint committees (4)
- 14904
- 200
- 2000
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 19 filingsTrend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 238,3 k € | -11.1% | 267,9 k € | -14.2% | 312,3 k € | -10.6% | 349,2 k € | -9.7% | 386,8 k € |
| EBITDA | 144,6 k € | -18.6% | 177,6 k € | -29.6% | 252,2 k € | -5.6% | 267,2 k € | -17.7% | 324,8 k € |
| Operating result | 71,6 k € | -38.7% | 116,9 k € | -36.0% | 182,5 k € | -2.7% | 187,7 k € | +7.0% | 175,5 k € |
| Net result | 39,1 k € | -43.3% | 69 k € | -46.5% | 129 k € | -1.6% | 131,1 k € | +18.3% | 110,9 k € |
| Balance sheet | |||||||||
| Equity | 1,1 M € | +3.6% | 1,1 M € | -3.2% | 1,1 M € | +12.3% | 1 M € | +14.6% | 882,7 k € |
| Total assets | 1,5 M € | -4.9% | 1,6 M € | +2.1% | 1,5 M € | +6.1% | 1,5 M € | -10.4% | 1,6 M € |
| Cash | 164,2 k € | -42.7% | 286,6 k € | +51.8% | 188,8 k € | -0.7% | 190,1 k € | +32.6% | 143,4 k € |
| Debts | 354,9 k € | -25.0% | 473,4 k € | +16.1% | 407,8 k € | -5.9% | 433,3 k € | -37.2% | 689,7 k € |
| Other | |||||||||
| Workforce | 1,8 ETP | +5.9% | 1,7 ETP | +70.0% | 1,0 ETP | -41.2% | 1,7 ETP | – | |
Valuation
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active · 4 ended
Active mandates
Filip Stalpaert
ActiveYasmina Verhaverbeke
ActiveEnded mandates
Filip Stalpaert
EndedFilip Stalpaert
EndedYasmina Verhaverbeke
EndedYasmina Verhaverbeke
EndedFinancials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Micro 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 | 20/08/2026 | 13/08/2025 | 09/08/2024 | 04/08/2023 | 24/10/2022 | 30/09/2021 |
| General meeting | 30/07/2026 | 25/07/2025 | 26/07/2024 | 16/06/2023 | 30/09/2022 | 23/09/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 19 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/07/2026 | 20/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 25/07/2025 | 13/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 26/07/2024 | 09/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 16/06/2023 | 04/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/09/2022 | 24/10/2022 | Dutch | |
| Abridged model | 31/12/2020 | 23/09/2021 | 30/09/2021 | Dutch | |
| Abridged model | 31/12/2019 | 19/06/2020 | 14/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 21/06/2019 | 15/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/06/2018 | 09/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 16/06/2017 | 04/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/06/2016 | 18/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 19/06/2015 | 22/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 20/06/2014 | 07/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 21/06/2013 | 02/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 15/06/2012 | 21/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 17/06/2011 | 07/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 18/06/2010 | 30/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 19/06/2009 | 06/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 20/06/2008 | 14/07/2008 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20252 active · 4 ended
Active mandates
Filip Stalpaert
ActiveYasmina Verhaverbeke
ActiveEnded mandates
Filip Stalpaert
EndedFilip Stalpaert
EndedYasmina Verhaverbeke
EndedYasmina Verhaverbeke
EndedOwnership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202539,1 k €↓
- 2024Annual accounts 202469 k €↓
- 2023Annual accounts 2023129 k €↓
- 2023Name changeV3S GLASS SYSTEMS
- 2022Annual accounts 2022131,1 k €↑
- 2021Annual accounts 2021110,9 k €↓
- 2021Name changeV3S GLAS SYSTEMS
- 2020Annual accounts 2020132,5 k €↑
- 2019Annual accounts 201969,5 k €↑
- 2018Annual accounts 201865 k €↑
- 2017Annual accounts 201737 k €↑
- 2016Annual accounts 201631,7 k €↑
- 2015Annual accounts 20156,8 k €↓
- 2014Annual accounts 201429,8 k €↓
- 2013Annual accounts 201339,3 k €↑
- 2012Annual accounts 201234,6 k €↑
- 2011Annual accounts 201127,9 k €↑
- 2010Annual accounts 201010,9 k €↓
- 2009Annual accounts 200967,2 k €↑
- 2008Annual accounts 200858,5 k €↑
- 2007Annual accounts 200744,4 k €
- 20/04/2006IncorporationPrivate limited company