VDM Process
0889.452.881 · rovalta.com · 21/09/2026
ACTIVE
VDM Process
Financial year 2025 · closed on 30/09/2025
Net result
535,8 k €
+16.7% YoY
Gross margin
848,1 k €
+0.4% YoY
Equity
2,2 M €
+30.8% YoY
Overview
What does VDM Process do?
VDM Process is a Private limited company incorporated in 2007. Its main activity is: Manufacture of central heating radiators and boilers. Its registered office is in Tubize.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0889.452.881
Incorporation
15/05/2007
Legal form
Private limited company
Registered office
Rue de l'Atelier 7
1480 Tubize · WallonieSee on map
1480 Tubize · WallonieSee on map
Contributed capital
45 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
25210Manufacture of central heating radiators and boilers· main25300Manufacture of steam generators, except central heating hot water boilers71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy74203Photographic activities46742Wholesale of hardware, plumbing and heating equipment and supplies+5
Joint committees (2)
- 111
- 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 848,1 k € | +0.4% | 845 k € | +205% | 276,7 k € | -17.1% | 333,8 k € | -35.6% | 518,3 k € | +7.4% | 482,8 k € | +32.5% | 364,3 k € | +159% | 140,8 k € | -60.9% | 360,4 k € | +14.5% | 314,7 k € | -7.5% | 340,3 k € | -53.6% | 734 k € | +103% | 361,2 k € | -18.3% | 441,9 k € | +23.0% | 359,4 k € | -51.8% | 745 k € | +12.8% | 660,3 k € | +241% | 193,5 k € |
| EBITDA | 773,9 k € | +11.5% | 694,1 k € | +219% | 217,9 k € | -19.8% | 271,8 k € | -41.5% | 464,3 k € | -1.4% | 470,8 k € | +32.7% | 354,9 k € | +202% | 117,6 k € | -62.6% | 314,4 k € | +44.8% | 217,1 k € | -13.2% | 250 k € | -63.2% | 680,1 k € | +125% | 302,5 k € | -22.6% | 390,6 k € | +29.1% | 302,6 k € | -55.7% | 683,1 k € | +19.7% | 570,9 k € | +262% | 157,6 k € |
| Operating result | 703,1 k € | +12.6% | 624,5 k € | +240% | 183,9 k € | -8.4% | 200,8 k € | -51.5% | 413,8 k € | -2.4% | 424,1 k € | +36.9% | 309,8 k € | +432% | 58,2 k € | -74.8% | 231,5 k € | +78.8% | 129,5 k € | -22.4% | 166,9 k € | -72.0% | 595 k € | +191% | 204,7 k € | -38.1% | 330,4 k € | +26.4% | 261,3 k € | -59.7% | 648,3 k € | +21.0% | 535,7 k € | +293% | 136,4 k € |
| Net result | 535,8 k € | +16.7% | 459,3 k € | +229% | 139,5 k € | -12.5% | 159,5 k € | -50.9% | 324,9 k € | +9.6% | 296,4 k € | +36.2% | 217,7 k € | +376% | 45,7 k € | -72.8% | 168 k € | +73.9% | 96,6 k € | -13.0% | 111 k € | -75.1% | 445,1 k € | +133% | 191,4 k € | -33.3% | 286,8 k € | +25.4% | 228,8 k € | -40.2% | 382,5 k € | -4.6% | 400,9 k € | +343% | 90,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 2,2 M € | +30.8% | 1,7 M € | +21.4% | 1,4 M € | +10.4% | 1,3 M € | +13.5% | 1,1 M € | -25.5% | 1,5 M € | -0.3% | 1,5 M € | +16.1% | 1,3 M € | -36.2% | 2,1 M € | +8.3% | 1,9 M € | -1.7% | 1,9 M € | -1.0% | 2 M € | +14.3% | 1,7 M € | +21.5% | 1,4 M € | +25.0% | 1,1 M € | +24.7% | 900,8 k € | +71.9% | 524,1 k € | +306% | 129 k € |
| Total assets | 2,5 M € | +3.8% | 2,4 M € | +22.2% | 2 M € | +35.6% | 1,5 M € | -21.0% | 1,9 M € | -7.3% | 2 M € | +11.8% | 1,8 M € | +25.9% | 1,4 M € | -34.1% | 2,2 M € | -7.0% | 2,3 M € | +2.1% | 2,3 M € | -8.0% | 2,5 M € | +16.7% | 2,1 M € | +12.1% | 1,9 M € | +22.3% | 1,6 M € | +42.4% | 1,1 M € | +21.4% | 898,9 k € | +69.1% | 531,6 k € |
| Cash | 931,5 k € | -38.3% | 1,5 M € | +31.9% | 1,1 M € | +103% | 564,7 k € | -37.9% | 908,7 k € | -18.0% | 1,1 M € | +95.3% | 567,3 k € | +50.1% | 378 k € | -52.5% | 795,1 k € | +23.7% | 642,7 k € | -30.0% | 918 k € | +1.4% | 905,4 k € | +11.8% | 809,6 k € | +40.3% | 576,9 k € | -17.7% | 701 k € | -7.3% | 756,2 k € | +96.5% | 384,8 k € | +23.8% | 310,9 k € |
| Debts | 285,2 k € | -60.5% | 722,7 k € | +24.1% | 582,4 k € | +206% | 190 k € | -74.2% | 735,6 k € | +47.9% | 497,3 k € | +78.0% | 279,3 k € | +134% | 119,4 k € | +2.1% | 117 k € | -73.3% | 438,7 k € | +23.1% | 356,3 k € | -33.5% | 535,4 k € | +26.2% | 424,1 k € | -14.4% | 495,4 k € | +15.2% | 430 k € | +126% | 190,1 k € | -49.2% | 374,5 k € | -7.0% | 402,6 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | 0,8 ETP | 0.0% | 0,8 ETP | – | – | – | 0,6 ETP | -70.0% | 2,0 ETP | +5.3% | 1,9 ETP | +90.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | -50.0% | 2,0 ETP | 0.0% | 2,0 ETP | |||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 11 ended
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Micro model | Micro model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 17/02/2026 | 29/04/2025 | 24/04/2025 | 30/05/2023 | 25/04/2022 | 30/04/2021 |
| General meeting | 17/11/2025 | 18/11/2024 | 01/04/2024 | 20/04/2023 | 28/03/2022 | 02/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 17/11/2025 | 17/02/2026 | French | |
| Micro model | 30/09/2024 | 18/11/2024 | 29/04/2025 | French | |
| Micro modelCorrection | 30/09/2023 | 01/04/2024 | 24/04/2025 | French | |
| Micro model | 30/09/2023 | 01/04/2024 | 30/04/2024 | French | |
| Abridged model | 30/09/2022 | 20/04/2023 | 30/05/2023 | French | |
| Abridged model | 30/09/2021 | 28/03/2022 | 25/04/2022 | French | |
| Abridged model | 30/09/2020 | 02/04/2021 | 30/04/2021 | French | |
| Abridged model | 30/09/2019 | 18/12/2019 | 17/01/2020 | French | |
| Abridged model | 30/09/2018 | 21/01/2019 | 15/02/2019 | French | |
| Abridged model | 30/09/2017 | 14/11/2017 | 16/01/2018 | French | |
| Abridged model | 30/09/2016 | 15/11/2016 | 10/12/2016 | French | |
| Abridged model | 30/09/2015 | 17/11/2015 | 15/12/2015 | French | |
| Abridged model | 30/09/2014 | 17/11/2014 | 20/11/2014 | French | |
| Abridged model | 30/09/2013 | 18/11/2013 | 14/12/2013 | French | |
| Abridged model | 30/09/2012 | 19/11/2012 | 18/12/2012 | French | |
| Abridged model | 30/09/2011 | 21/11/2011 | 01/12/2011 | French | |
| Abridged model | 30/09/2010 | 15/11/2010 | 17/12/2010 | French | |
| Abridged model | 30/09/2009 | 16/11/2009 | 03/12/2009 | French | |
| Abridged model | 30/09/2008 | 17/11/2008 | 21/11/2008 | French |
Valuation
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.
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
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates27/06/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
- Mandates06/04/2018SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Capital / shares26/02/2014CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Other25/05/2007RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025535,8 k €↑
- 2024Annual accounts 2024459,3 k €↑
- 2023Annual accounts 2023139,5 k €↓
- 2022Annual accounts 2022159,5 k €↓
- 2021Annual accounts 2021324,9 k €↑
- 2020Annual accounts 2020296,4 k €↑
- 2019Annual accounts 2019217,7 k €↑
- 2018Annual accounts 201845,7 k €↓
- 2017Annual accounts 2017168 k €↑
- 2016Annual accounts 201696,6 k €↓
- 2015Annual accounts 2015111 k €↓
- 2014Annual accounts 2014445,1 k €↑
- 2013Annual accounts 2013191,4 k €↓
- 2012Annual accounts 2012286,8 k €↑
- 2011Annual accounts 2011228,8 k €↓
- 2010Annual accounts 2010382,5 k €↓
- 2009Annual accounts 2009400,9 k €↑
- 2008Annual accounts 200890,4 k €
- 15/05/2007IncorporationPrivate limited company