ACTIVE

VCB

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Financial year 2025 · closed on 31/12/2025

Net result

14,5 k €

-97.0% YoY

Gross margin

40,8 k €

+399.4% YoY

Equity

1,6 M €

+0.9% YoY

What does VCB do?

VCB is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Aartselaar.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0898.746.669

Incorporation

23/06/2008

Legal form

Private limited company

Registered office

Merelveld 3
2630 Aartselaar · FlandreSee on map

Contributed capital

108 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 50300Inland passenger water transport 50300Inland passenger water transport 68100Buying and selling of own real estate 68110Buying and selling of own real estate+2

Signals

ProfitableSolid equityLow 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	40,8 k €	+399%	8,2 k €	-93.7%	128,7 k €	+22.3%	105,2 k €	+21.5%	86,6 k €	+43.3%	60,5 k €	-21.8%	77,3 k €	-1.3%	78,3 k €	-10.9%	87,9 k €	-7.8%	95,2 k €	-0.4%	95,7 k €	+21.1%	79 k €	-17.7%	96 k €	+3.5%	92,8 k €	-1.0%	93,7 k €	+8.0%	86,7 k €	+11.5%	77,8 k €
EBITDA	35,9 k €	+519%	5,8 k €	-95.4%	126,5 k €	+23.4%	102,5 k €	+21.3%	84,5 k €	+44.6%	58,5 k €	-22.4%	75,4 k €	-0.3%	75,6 k €	-12.3%	86,2 k €	-7.6%	93,3 k €	-0.8%	94 k €	+21.1%	77,6 k €	-17.6%	94,3 k €	+3.3%	91,3 k €	-0.1%	91,4 k €	+7.2%	85,2 k €	+17.2%	72,7 k €
Operating result	-5 k €	+81.3%	-26,8 k €	-126%	103 k €	+29.6%	79,5 k €	+3.3%	76,9 k €	+79.2%	42,9 k €	-27.6%	59,3 k €	-0.2%	59,4 k €	-7.6%	64,3 k €	-21.2%	81,6 k €	-12.7%	93,5 k €	+36.0%	68,7 k €	-1.0%	69,4 k €	+4.4%	66,5 k €	-0.2%	66,6 k €	+14.0%	58,4 k €	+11.2%	52,5 k €
Net result	14,5 k €	-97.0%	490,4 k €	+601%	70 k €	-47.4%	133 k €	+6.1%	125,3 k €	+19.0%	105,3 k €	-47.4%	200,1 k €	+39.6%	143,3 k €	-10.0%	159,3 k €	-2.8%	163,8 k €	+58.5%	103,4 k €	-10.4%	115,4 k €	-64.3%	322,9 k €	+59.7%	202,2 k €	+440%	37,5 k €	+10.4%	34 k €	+7.4%	31,6 k €
Balance sheet
Equity	1,6 M €	+0.9%	1,5 M €	+46.9%	1 M €	-7.5%	1,1 M €	-1.9%	1,2 M €	+2.2%	1,1 M €	-25.9%	1,5 M €	+15.1%	1,3 M €	+12.2%	1,2 M €	+15.6%	1 M €	+19.2%	855,4 k €	+13.7%	752,1 k €	+18.1%	636,7 k €	+96.6%	323,8 k €	+166%	121,6 k €	+44.6%	84,1 k €	+67.7%	50,2 k €
Total assets	1,6 M €	+0.7%	1,6 M €	+30.7%	1,2 M €	-7.0%	1,3 M €	+3.1%	1,3 M €	-22.4%	1,6 M €	+6.4%	1,5 M €	+15.6%	1,3 M €	+11.4%	1,2 M €	+13.8%	1,1 M €	+15.4%	916,4 k €	+16.5%	786,6 k €	+19.8%	656,8 k €	+29.4%	507,4 k €	+1.6%	499,2 k €	-6.8%	535,5 k €	+343%	120,9 k €
Cash	409,9 k €	+15.6%	354,6 k €	-26.3%	481,4 k €	-5.2%	508 k €	-4.4%	531,4 k €	-41.0%	901 k €	+3.6%	869,7 k €	+34.9%	644,7 k €	+29.3%	498,8 k €	+48.0%	336,9 k €	+12.4%	299,8 k €	+55.7%	192,6 k €	+185%	67,6 k €	+113%	31,8 k €	+1092%	2,7 k €	-74.2%	10,3 k €	-65.1%	29,6 k €
Debts	60,9 k €	-5.8%	64,6 k €	-63.9%	179 k €	-4.4%	187,3 k €	+49.9%	124,9 k €	-76.0%	521,3 k €	+1840%	26,9 k €	+45.9%	18,4 k €	-26.0%	24,9 k €	-35.5%	38,6 k €	-36.7%	61 k €	+76.8%	34,5 k €	+71.9%	20,1 k €	-89.1%	183,6 k €	-51.4%	377,6 k €	-16.3%	451,4 k €	+538%	70,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Greet Bols

Director

Active

Karl Van Cauteren

Director

Active

Ended mandates

Greet Bols

Director · since 23 juin 2008

Ended

Greet Bols

Manager · since 23 juin 2008

Ended

Karl Van Cauteren

Director · since 23 juin 2008

Ended

Karl Van Cauteren

Manager · since 23 juin 2008

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	Micro 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	26/06/2026	03/07/2025	01/07/2024	04/07/2023	01/07/2022	01/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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
Micro model	31/12/2025	26/06/2026	26/06/2026	Dutch	PDF
Micro modelCorrection	31/12/2024	27/06/2025	03/07/2025	Dutch	PDF
Micro model	31/12/2024	27/06/2025	01/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	04/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	01/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	02/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	14/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 ended

Active mandates

Greet Bols

Director

Active

Karl Van Cauteren

Director

Active

Ended mandates

Greet Bols

Director · since 23 juin 2008

Ended

Greet Bols

Manager · since 23 juin 2008

Ended

Karl Van Cauteren

Director · since 23 juin 2008

Ended

Karl Van Cauteren

Manager · since 23 juin 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares28/01/2014
KAPITAAL - AANDELEN
PDF
Other25/06/2008
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 202514,5 k €↓
2024
Annual accounts 2024490,4 k €↑
2023
Annual accounts 202370 k €↓
2022
Annual accounts 2022133 k €↑
2021
Annual accounts 2021125,3 k €↑
2020
Annual accounts 2020105,3 k €↓
2019
Annual accounts 2019200,1 k €↑
2018
Annual accounts 2018143,3 k €↓
2017
Annual accounts 2017159,3 k €↓
2016
Annual accounts 2016163,8 k €↑
2015
Annual accounts 2015103,4 k €↓
2014
Annual accounts 2014115,4 k €↓
2013
Annual accounts 2013322,9 k €↑
2012
Annual accounts 2012202,2 k €↑
2011
Annual accounts 201137,5 k €↑
2010
Annual accounts 201034 k €↑
2009
Annual accounts 200931,6 k €
23/06/2008
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

VCB

Overview

What does VCB do?

Trend over 17 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