ACTIVE

V.C.E.

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Financial year 2025 · closed on 31/12/2025

Net result

216,0 k €

+3.2% YoY

Gross margin

328,0 k €

+2.5% YoY

Equity

935,8 k €

+11.8% YoY

What does V.C.E. do?

V.C.E. is a Private limited company incorporated in 2006. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Sint-Truiden.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.964.346

Incorporation

27/12/2006

Legal form

Private limited company

Registered office

Vrijheersstraat 90
3800 Sint-Truiden · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	328,0 k €	+2.5%	319,9 k €	+19.2%	268,3 k €	+11.7%	240,1 k €	+78.7%	134,3 k €	-30.2%	192,6 k €	-4.2%	201,1 k €	-10.1%	223,7 k €	+84.2%	121,4 k €	-36.0%	189,7 k €	+16.6%	162,7 k €	+14.6%	142,0 k €	+31.6%	107,9 k €	-25.3%	144,3 k €	-18.9%	178,1 k €	+12.5%	158,3 k €	+30.5%	121,3 k €	+12.7%	107,6 k €	+32.2%	81,4 k €
EBITDA	313,6 k €	-1.0%	316,7 k €	+20.1%	263,7 k €	+10.6%	238,4 k €	+80.0%	132,5 k €	-30.8%	191,3 k €	-4.3%	199,9 k €	-0.7%	201,4 k €	+67.5%	120,2 k €	-36.0%	187,9 k €	+16.7%	161,0 k €	+15.1%	139,9 k €	+32.3%	105,8 k €	-25.5%	142,0 k €	-17.9%	172,9 k €	+10.5%	156,6 k €	+31.4%	119,1 k €	+11.8%	106,6 k €	+37.0%	77,8 k €
Operating result	292,1 k €	-0.1%	292,5 k €	+25.8%	232,4 k €	+11.5%	208,4 k €	+89.5%	109,9 k €	-37.3%	175,4 k €	+1.6%	172,7 k €	-1.6%	175,5 k €	+75.2%	100,1 k €	-42.5%	174,2 k €	+19.0%	146,4 k €	+16.1%	126,1 k €	+36.7%	92,2 k €	-26.7%	125,8 k €	-14.9%	147,9 k €	+2.0%	144,9 k €	+35.8%	106,7 k €	+12.9%	94,5 k €	+42.2%	66,5 k €
Net result	216,0 k €	+3.2%	209,3 k €	+26.7%	165,2 k €	+20.9%	136,7 k €	+72.1%	79,4 k €	-30.8%	114,8 k €	-2.2%	117,4 k €	-1.2%	118,9 k €	+88.8%	62,9 k €	-40.3%	105,5 k €	+20.1%	87,8 k €	+14.9%	76,4 k €	+30.7%	58,5 k €	-27.1%	80,2 k €	-12.3%	91,5 k €	-2.3%	93,6 k €	+29.8%	72,1 k €	+18.5%	60,9 k €	+41.6%	43,0 k €
Balance sheet
Equity	935,8 k €	+11.8%	837,1 k €	+12.1%	746,6 k €	+15.9%	644,4 k €	-6.0%	685,5 k €	+13.1%	606,0 k €	+10.9%	546,6 k €	+27.3%	429,3 k €	+38.3%	310,4 k €	+8.1%	287,1 k €	+58.1%	181,6 k €	0.0%	181,6 k €	+43.9%	126,2 k €	-9.1%	138,7 k €	+137%	58,5 k €	+244%	17,0 k €	-80.8%	88,4 k €	+444%	16,2 k €	-70.7%	55,4 k €
Total assets	1,2 M €	+17.6%	998,8 k €	+9.6%	911,7 k €	+12.4%	811,2 k €	-10.9%	910,7 k €	+9.4%	832,3 k €	+13.8%	731,2 k €	+14.1%	640,7 k €	+56.9%	408,3 k €	+25.0%	326,7 k €	+10.6%	295,3 k €	+19.9%	246,3 k €	-12.6%	281,8 k €	+25.4%	224,8 k €	+38.1%	162,8 k €	-17.4%	197,1 k €	+73.5%	113,6 k €	-10.9%	127,6 k €	+24.4%	102,6 k €
Cash	56,7 k €	-24.2%	74,8 k €	-68.4%	237,0 k €	+25.4%	188,9 k €	-38.7%	308,1 k €	-21.8%	394,0 k €	-8.5%	430,4 k €	+131%	186,6 k €	+26.2%	147,9 k €	-18.3%	181,0 k €	-9.9%	201,0 k €	+15.1%	174,6 k €	+48.9%	117,3 k €	-27.8%	162,4 k €	+53.5%	105,8 k €	-25.0%	141,1 k €	+83.6%	76,9 k €	-3.1%	79,3 k €	+69.1%	46,9 k €
Debts	239,1 k €	+47.8%	161,7 k €	-2.0%	165,1 k €	-1.0%	166,7 k €	-20.7%	210,4 k €	-5.2%	221,8 k €	+24.4%	178,3 k €	-15.2%	210,3 k €	+115%	97,9 k €	+147%	39,7 k €	-65.1%	113,7 k €	+75.6%	64,7 k €	-58.4%	155,6 k €	+81.3%	85,8 k €	-17.4%	103,8 k €	-42.3%	180,1 k €	+614%	25,2 k €	-77.3%	111,3 k €	+136%	47,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Dirk Vanstraelen

Administrator - manager

Active

Joëlle Mottet

Director

Active

Ended mandates

Dirk Vanstraelen

Director

Ended

DIRK VANSTRAELEN

Manager

Ended

JOELLE MOTTET

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	08/06/2026	18/06/2025	08/07/2024	24/07/2023	26/07/2022	01/07/2021
General meeting	23/05/2026	24/05/2025	22/06/2024	27/05/2023	28/05/2022	22/05/2021
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
Micro model	31/12/2025	23/05/2026	08/06/2026	Dutch	PDF
Micro model	31/12/2024	24/05/2025	18/06/2025	Dutch	PDF
Micro model	31/12/2023	22/06/2024	08/07/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	24/07/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	22/05/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	23/05/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	13/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	27/05/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	28/05/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	27/05/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	22/05/2010	25/05/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	26/05/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 3 ended

Active mandates

Dirk Vanstraelen

Administrator - manager

Active

Joëlle Mottet

Director

Active

Ended mandates

Dirk Vanstraelen

Director

Ended

DIRK VANSTRAELEN

Manager

Ended

JOELLE MOTTET

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/01/2018
KAPITAAL - AANDELEN
PDF
Mandates02/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/01/2014
KAPITAAL - AANDELEN
PDF
Other08/01/2007
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 2025216,0 k €↑
2024
Annual accounts 2024209,3 k €↑
2023
Annual accounts 2023165,2 k €↑
2022
Annual accounts 2022136,7 k €↑
2021
Annual accounts 202179,4 k €↓
2020
Annual accounts 2020114,8 k €↓
2019
Annual accounts 2019117,4 k €↓
2018
Annual accounts 2018118,9 k €↑
2017
Annual accounts 201762,9 k €↓
2016
Annual accounts 2016105,5 k €↑
2015
Annual accounts 201587,8 k €↑
2014
Annual accounts 201476,4 k €↑
2013
Annual accounts 201358,5 k €↓
2012
Annual accounts 201280,2 k €↓
2011
Annual accounts 201191,5 k €↓
2010
Annual accounts 201093,6 k €↑
2009
Annual accounts 200972,1 k €↑
2008
Annual accounts 200860,9 k €↑
2007
Annual accounts 200743,0 k €
27/12/2006
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

V.C.E.

Overview

What does V.C.E. do?

Trend over 19 financial years

Indicative valuation

Board of directors

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