ACTIVE

VINCENT SQ

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Financial year 2025 · closed on 30/06/2025

Net result

-619,6 k €

-92.3% YoY

Gross margin

258,9 k €

-0.5% YoY

Equity

-1,2 M €

-99.6% YoY

What does VINCENT SQ do?

VINCENT SQ is a Public limited company incorporated in 2007. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.103.339

Incorporation

30/11/2007

Legal form

Public limited company

Registered office

Tapuitstraat 272
8790 Waregem · FlandreSee on map

Contributed capital

680 400,00 €

Latest accounts

30/06/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 64200Activities of holding companies 64210Activities of holding companies

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	258,9 k €	-0.5%	260,3 k €	+13.6%	229,2 k €	+42.9%	160,4 k €	-24.9%	213,5 k €	+1.2%	210,9 k €	+13.7%	185,5 k €	-0.6%	186,8 k €		–		–		–		–		147 k €	+2.0%	144,1 k €
EBITDA	243,3 k €	+3.6%	234,8 k €	+14.3%	205,5 k €	+42.5%	144,2 k €	-29.0%	203 k €	+1.2%	200,5 k €	+14.4%	175,3 k €	-0.7%	176,5 k €	+9.8%	160,8 k €	-9.3%	177,4 k €	+9.2%	162,4 k €	+18.9%	136,6 k €	-0.6%	137,3 k €	+1.0%	136 k €
Operating result	-268,3 k €	-186%	-93,9 k €	+90.4%	-977,8 k €	-78.2%	-548,7 k €	-655%	98,8 k €	+0.2%	98,6 k €	+30.3%	75,7 k €	-23.0%	98,3 k €	+17.3%	83,8 k €	-16.5%	100,4 k €	+13.8%	88,2 k €	+10.4%	79,9 k €	-1.7%	81,3 k €	+1.6%	80 k €
Net result	-619,6 k €	-92.3%	-322,2 k €	+68.8%	-1 M €	-76.0%	-586,4 k €	-955%	68,6 k €	-1.0%	69,3 k €	+11.5%	62,2 k €	-23.0%	80,7 k €	+8.3%	74,5 k €	-11.1%	83,8 k €	+7.4%	78 k €	+6.8%	73,1 k €	-7.6%	79,1 k €	+0.0%	79,1 k €
Balance sheet
Equity	-1,2 M €	-99.6%	-621,9 k €	-108%	-299,6 k €	-141%	732,7 k €	-52.0%	1,5 M €	+4.7%	1,5 M €	-30.8%	2,1 M €	+3.0%	2 M €	+4.1%	2 M €	+3.9%	1,9 M €	+4.6%	1,8 M €	+4.5%	1,7 M €	+4.4%	1,7 M €	+5.0%	1,6 M €
Total assets	12,6 M €	+36.7%	9,2 M €	+135%	3,9 M €	-9.9%	4,4 M €	+155%	1,7 M €	-3.5%	1,8 M €	-19.4%	2,2 M €	+6.0%	2,1 M €	+5.1%	2 M €	+3.9%	1,9 M €	+4.5%	1,8 M €	+0.1%	1,8 M €	+8.8%	1,7 M €	+5.0%	1,6 M €
Cash	209 k €	-1.8%	212,8 k €	+71.3%	124,2 k €	-10.9%	139,4 k €	+9062%	1,5 k €	-59.6%	3,8 k €	-98.9%	349,6 k €	-39.5%	577,9 k €	+36.6%	423,1 k €	+54.7%	273,5 k €	+128%	120,1 k €	-54.4%	263,6 k €	+3.3%	255,1 k €	+111%	120,7 k €
Debts	13,8 M €	+41.1%	9,8 M €	+134%	4,2 M €	+16.5%	3,6 M €	+69003%	5,2 k €	-62.0%	13,7 k €	-83.5%	83 k €	+311%	20,2 k €	+4700%	420,2 €	-63.0%	1,1 k €	-63.6%	3,1 k €	-96.1%	79,6 k €	+1116%	6,5 k €	-2.4%	6,7 k €
Other
Workforce	–		–		0,0 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 30/06/2025 · 3 active · 10 ended

Active mandates

Dirk Michiels

Managing director

Active

Nicole Van Geluwe

Director

Active

Sabine Michiels

Managing director

Active

Ended mandates

Dirk Michiels

Managing director · since 08 novembre 2019 · until 14 novembre 2025

Ended

Nicole Van Geluwe

Director · since 08 novembre 2019 · until 14 novembre 2025

Ended

Sabine Michiels

Managing director · since 08 novembre 2019 · until 14 novembre 2025

Ended

Dirk Michiels

Managing director · since 08 novembre 2013 · until 08 novembre 2019

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/12/2025	03/12/2024	22/12/2023	12/12/2022	06/01/2022	07/12/2020
General meeting	14/11/2025	08/11/2024	12/12/2023	03/12/2022	14/12/2021	13/11/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	14/11/2025	11/12/2025	Dutch	PDF
Abridged model	30/06/2024	08/11/2024	03/12/2024	Dutch	PDF
Abridged model	30/06/2023	12/12/2023	22/12/2023	Dutch	PDF
Abridged model	30/06/2022	03/12/2022	12/12/2022	Dutch	PDF
Abridged model	30/06/2021	14/12/2021	06/01/2022	Dutch	PDF
Abridged model	30/06/2020	13/11/2020	07/12/2020	Dutch	PDF
Abridged model	30/06/2019	08/11/2019	18/12/2019	Dutch	PDF
Abridged model	30/06/2018	09/11/2018	07/01/2019	Dutch	PDF
Abridged model	30/06/2017	10/11/2017	08/12/2017	Dutch	PDF
Abridged model	30/06/2016	05/12/2016	13/01/2017	Dutch	PDF
Full model	30/06/2015	13/11/2015	11/12/2015	Dutch	PDF
Full model	30/06/2014	14/11/2014	27/11/2014	Dutch	PDF
Full model	30/06/2013	08/11/2013	02/12/2013	Dutch	PDF
Full model	30/06/2012	30/11/2012	20/12/2012	Dutch	PDF
Abridged model	30/06/2011	14/11/2011	09/12/2011	Dutch	PDF
Abridged model	30/06/2010	12/11/2010	10/12/2010	Dutch	PDF
Abridged model	30/06/2009	13/11/2009	16/12/2009	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 30/06/2025 · 3 active · 10 ended

Active mandates

Dirk Michiels

Managing director

Active

Nicole Van Geluwe

Director

Active

Sabine Michiels

Managing director

Active

Ended mandates

Dirk Michiels

Managing director · since 08 novembre 2019 · until 14 novembre 2025

Ended

Nicole Van Geluwe

Director · since 08 novembre 2019 · until 14 novembre 2025

Ended

Sabine Michiels

Managing director · since 08 novembre 2019 · until 14 novembre 2025

Ended

Dirk Michiels

Managing director · since 08 novembre 2013 · until 08 novembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates19/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates02/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2007
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 2025-619,6 k €↓
2024
Annual accounts 2024-322,2 k €↑
2023
Annual accounts 2023-1 M €↓
2022
Annual accounts 2022-586,4 k €↓
2019
Annual accounts 201968,6 k €↓
2018
Annual accounts 201869,3 k €↑
2017
Annual accounts 201762,2 k €↓
2016
Annual accounts 201680,7 k €↑
2015
Annual accounts 201574,5 k €↓
2014
Annual accounts 201483,8 k €↑
2013
Annual accounts 201378 k €↑
2012
Annual accounts 201273,1 k €↓
2011
Annual accounts 201179,1 k €↑
2010
Annual accounts 201079,1 k €
30/11/2007
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

VINCENT SQ

Overview

What does VINCENT SQ do?

Trend over 14 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