ACTIVE

VAPE

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Financial year 2025 · closed on 31/03/2025

Net result

4,8 k €

+7.3% YoY

Gross margin

14,3 k €

-33.9% YoY

Equity

120,8 k €

+4.2% YoY

What does VAPE do?

VAPE is a Private limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Jabbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.428.684

Incorporation

14/12/2007

Legal form

Private limited company

Registered office

Eernegemweg 33A
8490 Jabbeke · FlandreSee on map

Contributed capital

15 788,19 €

Latest accounts

31/03/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	14,3 k €	-33.9%	21,6 k €	-14.4%	25,2 k €	-26.9%	34,5 k €	+100%	17,2 k €	-32.1%	25,4 k €	+26.1%	20,1 k €	+8.8%	18,5 k €	+33.5%	13,9 k €	-0.0%	13,9 k €	-15.3%	16,4 k €	-2.6%	16,8 k €	+23.6%	13,6 k €	-37.8%	21,8 k €	-7.3%	23,6 k €	-0.7%	23,7 k €	-8.0%	25,8 k €
EBITDA	13,1 k €	-25.5%	17,5 k €	-24.5%	23,2 k €	-22.1%	29,8 k €	+86.9%	16 k €	-35.6%	24,8 k €	+38.3%	17,9 k €	+3.3%	17,4 k €	+43.5%	12,1 k €	-11.7%	13,7 k €	-3.8%	14,2 k €	-12.3%	16,2 k €	+42.3%	11,4 k €	-29.6%	16,2 k €	-10.8%	18,1 k €	+321%	4,3 k €	-18.6%	5,3 k €
Operating result	7,4 k €	-26.1%	10 k €	-43.1%	17,6 k €	-27.3%	24,2 k €	+134%	10,3 k €	-57.4%	24,3 k €	+35.4%	17,9 k €	+29.0%	13,9 k €	+19.7%	11,6 k €	-12.2%	13,2 k €	-3.9%	13,8 k €	-13.7%	15,9 k €	+1755%	859,4 €	-82.2%	4,8 k €	-36.4%	7,6 k €	+76.4%	4,3 k €	-18.6%	5,3 k €
Net result	4,8 k €	+7.3%	4,5 k €	-50.9%	9,2 k €	-30.7%	13,2 k €	+338%	3 k €	-81.3%	16,1 k €	+62.0%	9,9 k €	+235%	3 k €	-51.0%	6,1 k €	-75.6%	24,8 k €	+97.1%	12,6 k €	-35.3%	19,4 k €	+292%	5 k €	+144%	-11,2 k €	-528%	2,6 k €	+3868%	65,9 €	-82.9%	385,3 €
Balance sheet
Equity	120,8 k €	+4.2%	116 k €	+4.0%	111,5 k €	+8.9%	102,4 k €	+14.8%	89,2 k €	+3.5%	86,1 k €	+23.0%	70 k €	+16.5%	60,1 k €	-40.5%	100,9 k €	+6.4%	94,9 k €	+35.4%	70,1 k €	+12.1%	62,5 k €	+17.8%	53 k €	+10.3%	48,1 k €	-18.9%	59,3 k €	+791%	6,7 k €	+1.0%	6,6 k €
Total assets	480,8 k €	+28.3%	374,6 k €	+3.9%	360,4 k €	+4.4%	345,1 k €	+7.8%	320,1 k €	+2.3%	312,8 k €	+22.9%	254,5 k €	+9.0%	233,5 k €	-13.9%	271,2 k €	+18.3%	229,3 k €	+7.6%	213,2 k €	+6.5%	200,1 k €	+1.8%	196,7 k €	+3.5%	190 k €	-1.3%	192,5 k €	+20.9%	159,3 k €	+7.8%	147,8 k €
Cash	1,9 k €	+410%	373,5 €	-77.0%	1,6 k €	-64.7%	4,6 k €	+1126%	374,5 €	-79.6%	1,8 k €	+65.7%	1,1 k €	+38.9%	797,6 €	+45.3%	549,1 €	-71.5%	1,9 k €	+384%	398,1 €	-81.7%	2,2 k €	+784%	246 €	+26.6%	194,3 €	-96.3%	5,3 k €	+1304%	375,8 €	-20.1%	470,4 €
Debts	306,3 k €	+45.5%	210,5 k €	+3.7%	203 k €	+1.4%	200,3 k €	+4.4%	191,7 k €	+0.9%	190,1 k €	+70.7%	111,4 k €	+6.1%	104,9 k €	-0.8%	105,8 k €	+46.5%	72,2 k €	-11.9%	82 k €	+5.3%	77,9 k €	-5.4%	82,3 k €	-1.4%	83,4 k €	+7.9%	77,3 k €	-26.6%	105,3 k €	-9.8%	116,8 k €

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 31/03/2025 · 1 active · 5 ended

Active mandates

Peter Free Pelle

Director · since 14 décembre 2007

Active

Ended mandates

GRIET VAN STEENBERGE

Manager · until 18 octobre 2012

Ended

GRIET VAN STEENBERGE

Manager

Ended

Peter Free Pelle

Director

Ended

Peter Free Pelle

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DIMPEL● Active	0862.168.266
IDV● Active	0816.740.097

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	30/10/2024	05/10/2023	05/10/2022	19/10/2021	16/11/2020
General meeting	16/09/2025	28/10/2024	28/09/2023	27/09/2022	13/10/2021	12/11/2020
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
Micro model	31/03/2025	16/09/2025	29/09/2025	Dutch	PDF
Micro model	31/03/2024	28/10/2024	30/10/2024	Dutch	PDF
Micro model	31/03/2023	28/09/2023	05/10/2023	Dutch	PDF
Micro model	31/03/2022	27/09/2022	05/10/2022	Dutch	PDF
Micro model	31/03/2021	13/10/2021	19/10/2021	Dutch	PDF
Micro model	31/03/2020	12/11/2020	16/11/2020	Dutch	PDF
Micro model	31/03/2019	30/10/2019	31/10/2019	Dutch	PDF
Micro model	31/03/2018	30/10/2018	31/10/2018	Dutch	PDF
Micro model	31/03/2017	14/09/2017	14/10/2017	Dutch	PDF
Abridged model	31/03/2016	31/10/2016	31/10/2016	Dutch	PDF
Abridged model	31/03/2015	26/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	23/09/2014	26/09/2014	Dutch	PDF
Abridged model	31/03/2013	28/10/2013	29/10/2013	Dutch	PDF
Abridged model	31/03/2012	12/11/2012	13/11/2012	Dutch	PDF
Abridged model	31/03/2011	26/10/2011	31/10/2011	Dutch	PDF
Abridged model	31/03/2010	15/09/2010	14/10/2010	Dutch	PDF
Abridged model	31/03/2009	14/11/2009	14/11/2009	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 31/03/2025 · 1 active · 5 ended

Active mandates

Peter Free Pelle

Director · since 14 décembre 2007

Active

Ended mandates

GRIET VAN STEENBERGE

Manager · until 18 octobre 2012

Ended

GRIET VAN STEENBERGE

Manager

Ended

Peter Free Pelle

Director

Ended

Peter Free Pelle

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/11/2023
WIJZIGING RECHTSVORM, MAATSCHAPPELIJKE ZETEL,
PDF
Registered office23/06/2020
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares16/02/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office07/10/2015
ZETELVERPLAATSING
PDF
Mandates27/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/03/2011
KAPITAAL - AANDELEN
PDF
Other29/09/2010
Verbetering boekjaar
PDF
Other22/05/2008
qu
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 20254,8 k €↑
2024
Annual accounts 20244,5 k €↓
2023
Annual accounts 20239,2 k €↓
2022
Annual accounts 202213,2 k €↑
2021
Annual accounts 20213 k €↓
2020
Annual accounts 202016,1 k €↑
2019
Annual accounts 20199,9 k €↑
2018
Annual accounts 20183 k €↓
2017
Annual accounts 20176,1 k €↓
2016
Annual accounts 201624,8 k €↑
2015
Annual accounts 201512,6 k €↓
2014
Annual accounts 201419,4 k €↑
2013
Annual accounts 20135 k €↑
2012
Annual accounts 2012-11,2 k €↓
2011
Annual accounts 20112,6 k €↑
2010
Annual accounts 201065,9 €↓
2009
Annual accounts 2009385,3 €
14/12/2007
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

VAPE

Overview

What does VAPE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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