Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
VAB from Beveren-Kruibeke-Zwijndrecht, company number BE0436267594, closed financial year 2025 with a result of € 6.5 million after tax. For that financial year VAB recorded revenue of € 237.2 million and equity of € 65.6 million. Compared with financial year 2024, the result moved from € 500,950 to € 6.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 65.6 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.5 million
▲ € 6 million vs 2024
Profit after tax over the fiscal year.
€ 14.4 million
▲ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 62.3 million.
People and assets in 2025
634.3
▼ 156.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 49.9 million
▼ 16% vs 2024
€ 78,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32.7 million
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.1 million
▼ 19% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 23.4 million
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 6.6 million
▼ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 222,700,180 | € 228,154,114 | € 237,793,344 | € 237,163,793 | |
| Profit after taxes | € 3,489,430 | € -2,503,006 | € 500,950 | € 6,500,004 | ▲ € 6 million |
| Equity | € 61,199,345 | € 58,696,339 | € 59,197,289 | € 65,600,418 | ▲ 11% |
| Total debts | € 58,065,260 | € 74,481,911 | € 71,152,107 | € 71,560,580 | ▲ 1% |
| Cash | € 25,357,891 | € 10,266,494 | € 11,931,331 | € 14,413,826 | ▲ 21% |
| Land & buildings | € 3,687,247 | € 3,527,748 | € 3,368,251 | € 3,934,349 | ▲ 17% |
| Retained profit | € 57,909,973 | € 55,406,967 | € 55,907,917 | € 62,311,045 | ▲ 11% |
| Dividend | € 1,675,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 10,000,000 | € 8,147,689 | ▼ 19% |
| Balance sheet total | € 130,320,107 | € 133,272,001 | € 130,429,421 | € 137,212,208 | ▲ 5% |
| Employees (FTE) | 707.1 | 750.7 | 790.9 | 634.3 | ▼ 156.6 |
Key figures of VAB, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VAB?
What happened at VAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NELE VANDAELE stepped down as director. NBB
- GEERT MARKEY stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.5 million (▲ € 6 million vs 2024). Source: NBB ↗
- MICHAEL GABRIËLS stepped down as director. NBB
- MICHAEL GABRIËLS became a director. NBB
- JAN VAN HOVE stepped down as director. NBB
- JAN VAN HOVE became a director. NBB
- NELE VANDAELE became a director. NBB
In short
From € 3.5 million profit in 2022 to € 6.5 million profit in 2025.
Paid € 4.6 million in corporate taxes since 2022.
Best year ever: 2025, with € 6.5 million profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
The shares are held by Groep VAB (100%). It owns 100% of Depannage 2000, 76.1% of Traject, 50.1% of Olympus Mobility, 25.3% of Optimobil Belgium and 18.5% of VAB Automotive Solutions itself.
Directors
According to the 2025 annual accounts
MICHAEL GABRIËLS
Director
Also active at: DEPANNAGE 2000, LUBACO, VAB Training & Consult, VAB Rijschool, Groep VAB, VAB, VAB Automotive Solutions
since 2025 · until 2026
NELE VANDAELE
Chairman of the board
Also active at: Agentuur voor Brandherverzekering, DEPANNAGE 2000, LUBACO, VAB Training & Consult, VAB Rijschool, Groep VAB, VAB Banden, VAB +1 more
since 2025 · until 2028
GEERT MARKEY
Managing director
Also active at: DEPANNAGE 2000, LUBACO, VAB Training & Consult, VAB Rijschool, TRAJECT, Groep VAB, VAB Banden, OPTIMOBIL BELGIUM +3 more
since 2025 · until 2028
Shareholders
100%
Participations
100%
76.1%
50.1%
25.3%
18.5%
Establishments
Establishment units
Physical locations of this company
Pastoor Coplaan 100
2070 Beveren-Kruibeke-Zwijndrecht
Ambachtsweg 16
9820 Merelbeke-Melle
Active since 1 April 1989
Klaverbladstraat 8
3560 Lummen
Active since 1 April 1989
Veldkantstraat 136
1850 Grimbergen
Active since 1 April 1989
Slekkenstraat(MEL) 8
9120 Beveren-Kruibeke-Zwijndrecht
Active since 22 May 2012
Kapelstraat 85
2160 Wommelgem
Active since 1 July 2008
Industrieweg 16 box 1
3190 Boortmeerbeek
Active since 17 August 2015
Bruggestraat 179
8830 Hooglede
Active since 1 December 2006
Rue du Parc 50a
4432 Ans
Active since 1 March 2012
Zoning de Jumet,avenue Centrale 5
6040 Charleroi
Active since 1 June 2006
Rouwbergskens 7 box 4
2340 Beerse
Active since 17 October 2019
Chaussée de Luxembourg 7D
5336 Assesse
Active since 13 August 2020
Oostjachtpark 13
9100 Sint-Niklaas
Active since 1 January 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →VAB Training & Consult same network
€ 4.3 million revenue · 2025
Groep VAB same network
€ 324,637 revenue · 2025
VAB Wegenwacht same network
€ 17.9 million revenue · 2025
VAB same network
€ 258,856 gross margin · 2025
VAB Automotive Solutions same network
€ 16.9 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.267.594
- VAT number
- BE 0436.267.594
- Registered office
- Pastoor Coplaan 100, 2070 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- VAB · VTB-VAB, VAB, Auto-Assistance, Europech
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- 03 210 71 01
- Activities · NACE
Diensten in verband met vervoer te land
Overige ondersteunende activiteiten i.v.m. het vervoer te land
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in motorvoertuigen
Groothandel in motorvoertuigen
Autorijscholen
+6