ACTIVE

V12

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Financial year 2025 · closed on 31/12/2025

Net result

573,1 k €

-28.2% YoY

Revenue

3,4 M €

-13.4% YoY

Equity

6,5 M €

+9.7% YoY

What does V12 do?

V12 is a Public limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Zemst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.457.289

Incorporation

17/12/2007

Legal form

Public limited company

Registered office

Hertevoetweg 34
1982 Zemst · FlandreSee on map

Contributed capital

3 470 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

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
Revenue	3,4 M €	-13.4%	3,9 M €	-15.6%	4,6 M €	+20.4%	3,9 M €	+0.5%	3,8 M €	+15.1%	3,3 M €	+68.7%	2 M €	+24.2%	1,6 M €	+2.7%	1,5 M €		–		–		–		300 k €	+50.0%	200 k €	-18.4%	245 k €	-56.9%	568,8 k €	-8.5%	621,2 k €	-29.0%	875 k €
EBITDA	710,5 k €	-40.3%	1,2 M €	+1385%	80,1 k €	-31.3%	116,6 k €	+214%	37,2 k €	-89.9%	367,9 k €	-48.6%	715,7 k €	+38.4%	517 k €	+14.4%	451,9 k €	+271%	121,9 k €	+848%	-16,3 k €	+89.0%	-147,8 k €	+53.7%	-319,4 k €	-26.9%	-251,6 k €	-570%	-37,6 k €	+81.6%	-204 k €	-101%	-101,6 k €	-199%	102,8 k €
Operating result	710,5 k €	-40.3%	1,2 M €	+1385%	80,1 k €	-31.3%	116,6 k €	+214%	37,2 k €	-89.9%	367,9 k €	-48.6%	715,7 k €	+38.4%	517 k €	+14.4%	451,9 k €	+271%	121,9 k €	+848%	-16,3 k €	+89.0%	-147,8 k €	+53.7%	-319,4 k €	-26.1%	-253,2 k €	-546%	-39,2 k €	+80.9%	-205,7 k €	-99.2%	-103,3 k €	-202%	101,1 k €
Net result	573,1 k €	-28.2%	797,8 k €	+839%	85 k €	-96.2%	2,2 M €	-12.0%	2,5 M €	+641%	343,9 k €	-75.8%	1,4 M €	+194%	484,3 k €	+65.6%	292,4 k €	+139%	-750,8 k €	-160%	1,3 M €	-22.6%	1,6 M €	+588%	-333,2 k €	-17.9%	-282,6 k €	+14.2%	-329,3 k €	+85.3%	-2,2 M €	+89.4%	-21 M €	-50675%	-41,3 k €
Balance sheet
Equity	6,5 M €	+9.7%	5,9 M €	+15.5%	5,1 M €	+1.7%	5,1 M €	+30.9%	3,9 M €	-6.1%	4,1 M €	-23.4%	5,4 M €	-42.6%	9,3 M €	+5.5%	8,9 M €	+3.4%	8,6 M €	-8.1%	9,3 M €	+15.6%	8,1 M €	+25.3%	6,4 M €	-43.7%	11,4 M €	-2.4%	11,7 M €	-2.7%	12 M €	-15.7%	14,3 M €	-59.5%	35,3 M €
Total assets	11,5 M €	+1.0%	11,4 M €	-31.2%	16,6 M €	+159%	6,4 M €	+0.0%	6,4 M €	-10.3%	7,1 M €	-17.5%	8,6 M €	-47.0%	16,3 M €	+3.0%	15,8 M €	-5.5%	16,7 M €	-23.0%	21,7 M €	+3.7%	21 M €	+7.6%	19,5 M €	-18.7%	23,9 M €	+2.5%	23,4 M €	+8.1%	21,6 M €	-9.3%	23,8 M €	-40.1%	39,8 M €
Cash	1,1 M €	+79.7%	586,8 k €	+746%	69,3 k €	-56.7%	160,2 k €	-39.0%	262,5 k €	-78.0%	1,2 M €	+498%	199,9 k €	-59.6%	494,9 k €	+38.0%	358,5 k €	-32.0%	527,1 k €	-15.9%	627 k €	+5.5%	594,6 k €	+463%	105,6 k €	-24.7%	140,2 k €	+142%	57,9 k €	+272%	15,5 k €	+714%	1,9 k €	-96.5%	54,2 k €
Debts	5 M €	-8.4%	5,5 M €	-52.2%	11,4 M €	+756%	1,3 M €	-47.2%	2,5 M €	-16.0%	3 M €	-7.9%	3,3 M €	-53.0%	6,9 M €	-0.3%	7 M €	-14.9%	8,2 M €	-34.2%	12,4 M €	-3.8%	12,9 M €	-1.1%	13 M €	+6.4%	12,2 M €	+10.1%	11,1 M €	+21.2%	9,2 M €	+1.9%	9 M €	+110%	4,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 32 ended

Active mandates

Philippe HALSBERGHE

Managing director · since 01 juillet 2024 · until 20 décembre 2029

Active

Bart ROSCAM

Director · since 20 décembre 2023 · until 20 décembre 2029

Active

R.G. SAFETY SAS

Director · since 20 décembre 2023 · until 20 décembre 2029 · 0420.625.394

Represented by Pierre MANCHINI

Active

Ended mandates

Dirk VANDEPUTTE

Managing director · since 20 décembre 2023 · until 31 décembre 2024

Ended

Dirk VANDEPUTTE

Managing director · since 20 décembre 2023 · until 20 décembre 2029

Ended

Bart Roscam

Director · since 04 mai 2020 · until 30 mai 2025

Ended

Bart ROSCAM

Director · since 04 mai 2020 · until 20 décembre 2023

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	25/06/2026	19/06/2025	08/07/2024	17/07/2023	19/07/2022	23/07/2021
General meeting	01/06/2026	31/05/2025	11/06/2024	28/06/2023	22/06/2022	21/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	25/06/2026	Dutch	PDF
Full model	31/12/2024	31/05/2025	19/06/2025	Dutch	PDF
Full model	31/12/2023	11/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	28/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	19/07/2022	Dutch	PDF
Full model	31/12/2020	21/06/2021	23/07/2021	Dutch	PDF
Full model	31/12/2019	31/05/2020	03/07/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	11/06/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	21/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	26/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 32 ended

Active mandates

Philippe HALSBERGHE

Managing director · since 01 juillet 2024 · until 20 décembre 2029

Active

Bart ROSCAM

Director · since 20 décembre 2023 · until 20 décembre 2029

Active

R.G. SAFETY SAS

Director · since 20 décembre 2023 · until 20 décembre 2029 · 0420.625.394

Represented by Pierre MANCHINI

Active

Ended mandates

Dirk VANDEPUTTE

Managing director · since 20 décembre 2023 · until 31 décembre 2024

Ended

Dirk VANDEPUTTE

Managing director · since 20 décembre 2023 · until 20 décembre 2029

Ended

Bart Roscam

Director · since 04 mai 2020 · until 30 mai 2025

Ended

Bart ROSCAM

Director · since 04 mai 2020 · until 20 décembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2020
ONTSLAGEN - BENOEMINGEN
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 2025573,1 k €↓
2024
Annual accounts 2024797,8 k €↑
2023
Annual accounts 202385 k €↓
2022
Annual accounts 20222,2 M €↓
2021
Annual accounts 20212,5 M €↑
2020
Annual accounts 2020343,9 k €↓
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 2018484,3 k €↑
2017
Annual accounts 2017292,4 k €↑
2016
Annual accounts 2016-750,8 k €↓
2015
Annual accounts 20151,3 M €↓
2014
Annual accounts 20141,6 M €↑
2013
Annual accounts 2013-333,2 k €↓
2013
Name changeV12
2012
Annual accounts 2012-282,6 k €↑
2011
Annual accounts 2011-329,3 k €↑
2010
Annual accounts 2010-2,2 M €↑
2009
Annual accounts 2009-21 M €↓
2008
Annual accounts 2008-41,3 k €
2008
Name changeZ & V GROUP
17/12/2007
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

V12

Overview

What does V12 do?

Trend over 18 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