ACTIVE

VANDEN AVENNE COMMODITIES

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Financial year 2025 · closed on 31/05/2025

Net result

9,8 M €

-63.3% YoY

Revenue

1,4 Md €

-6.4% YoY

Equity

27,6 M €

-15.7% YoY

Workforce

24,1 ETP

+5.2% YoY

What does VANDEN AVENNE COMMODITIES do?

VANDEN AVENNE COMMODITIES is a Public limited company incorporated in 1968. Its main activity is: Manufacture of prepared feeds for farm animals. Its registered office is in Kortrijk. It employs on average 24,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.763.301

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Engelse Wandeling(Kor) 2-F03V
8500 Kortrijk · FlandreSee on map

Contributed capital

7 500 000,00 €

Latest accounts

31/05/2025

Average workforce

24,1 ETP

Activities (NACE)

10910Manufacture of prepared feeds for farm animals· main 10910Manufacture of prepared feeds for farm animals 15710Manufacture of leather and related products 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46110Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods+1

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh 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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1,4 Md €	-6.4%	1,5 Md €	-17.6%	1,8 Md €	+16.6%	1,6 Md €	+44.9%	1,1 Md €	-4.5%	1,1 Md €	-0.1%	1,1 Md €	+8.3%	1 Md €	+26.7%	823,5 M €	+12.8%	729,9 M €	+12.6%	648,2 M €	-13.4%	748,8 M €	+33.4%	561,5 M €	-5.4%	593,4 M €	+16.3%	510,3 M €	-19.2%	631,6 M €	+20.9%	522,6 M €	+125%	232,6 M €
EBITDA	17,3 M €	-52.9%	36,8 M €	+102%	18,2 M €	-15.1%	21,4 M €	-26.0%	29 M €	+275%	7,7 M €	-24.4%	10,2 M €	+38.7%	7,4 M €	+35.0%	5,5 M €	-16.7%	6,5 M €	+12.7%	5,8 M €	+13.3%	5,1 M €	-8.4%	5,6 M €	+22.0%	4,6 M €	+57.1%	2,9 M €	-45.2%	5,3 M €	-29.9%	7,6 M €	+107%	3,7 M €
Operating result	17 M €	-50.5%	34,4 M €	+88.0%	18,3 M €	-12.8%	21 M €	-27.3%	28,9 M €	+259%	8 M €	-20.2%	10,1 M €	+40.6%	7,2 M €	+29.3%	5,5 M €	-15.9%	6,6 M €	+17.7%	5,6 M €	+13.8%	4,9 M €	+7.6%	4,6 M €	+0.7%	4,5 M €	+66.6%	2,7 M €	-26.1%	3,7 M €	-50.8%	7,5 M €	+152%	3 M €
Net result	9,8 M €	-63.3%	26,8 M €	+105%	13,1 M €	-18.5%	16,1 M €	-30.2%	23 M €	+311%	5,6 M €	-5.7%	5,9 M €	+55.0%	3,8 M €	+27.6%	3 M €	-24.8%	4 M €	+10.2%	3,6 M €	+12.7%	3,2 M €	+22.3%	2,6 M €	-12.9%	3 M €	+35.9%	2,2 M €	+167%	829,6 k €	-77.5%	3,7 M €	+55.3%	2,4 M €
Balance sheet
Equity	27,6 M €	-15.7%	32,8 M €	+9.4%	30 M €	+7.8%	27,8 M €	-30.9%	40,2 M €	+34.2%	30 M €	+2.0%	29,4 M €	+3.3%	28,5 M €	+15.5%	24,6 M €	+4.2%	23,6 M €	+4.4%	22,6 M €	+2.8%	22 M €	+5.8%	20,8 M €	-1.8%	21,2 M €	+5.0%	20,2 M €	+12.3%	18 M €	-1.0%	18,1 M €	+25.5%	14,4 M €
Total assets	96,9 M €	-16.2%	115,7 M €	-13.3%	133,4 M €	-13.1%	153,6 M €	+20.0%	128 M €	+46.1%	87,6 M €	-21.2%	111,2 M €	-2.7%	114,2 M €	+28.0%	89,3 M €	+4.7%	85,3 M €	+0.9%	84,5 M €	+32.4%	63,8 M €	+57.7%	40,5 M €	-41.9%	69,7 M €	+14.8%	60,7 M €	-9.2%	66,8 M €	-22.2%	86 M €	+131%	37,3 M €
Cash	9,7 M €	-59.9%	24,2 M €	+241%	7,1 M €	-74.1%	27,5 M €	+242%	8 M €	+205%	2,6 M €	-80.3%	13,4 M €	+103%	6,6 M €	+63.5%	4 M €	-26.2%	5,5 M €	+55.9%	3,5 M €	+10.9%	3,2 M €	+17.9%	2,7 M €	-32.2%	3,9 M €	-0.7%	4 M €	+2.1%	3,9 M €	-43.0%	6,8 M €	+194%	2,3 M €
Debts	64,2 M €	-20.9%	81,2 M €	-19.4%	100,7 M €	-17.9%	122,7 M €	+48.5%	82,6 M €	+43.4%	57,6 M €	-27.1%	79 M €	-7.6%	85,5 M €	+44.2%	59,3 M €	-3.5%	61,5 M €	+8.3%	56,8 M €	+40.2%	40,5 M €	+163%	15,4 M €	-68.2%	48,5 M €	+19.9%	40,4 M €	-13.7%	46,8 M €	-30.8%	67,7 M €	+198%	22,7 M €
Other
Workforce	24,1 ETP	+5.2%	22,9 ETP	+8.0%	21,2 ETP	-0.5%	21,3 ETP	-1.8%	21,7 ETP	+4.3%	20,8 ETP	-6.7%	22,3 ETP	+8.8%	20,5 ETP	+9.0%	18,8 ETP	-8.7%	20,6 ETP	+10.2%	18,7 ETP	+0.5%	18,6 ETP	+2.8%	18,1 ETP	-0.5%	18,2 ETP	-10.8%	20,4 ETP	0.0%	20,4 ETP	+36.0%	15,0 ETP	-32.1%	22,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/05/2025 · 4 active · 26 ended

Active mandates

ALEM114

Director · since 08 août 2025 · until 08 août 2031 · 0831.960.090

Represented by Bruno Carels

Active

Karman

Managing director · since 08 août 2025 · until 08 août 2031 · 0632.868.976

Represented by Karel Vandermeersch

Active

SAMTRA

Director · since 08 août 2025 · until 08 août 2031 · 0715.698.464

Represented by Ben Samyn

Active

XIMA

Managing director · since 08 août 2025 · until 08 août 2031 · 0453.432.339

Represented by Xavier Van den Avenne

Active

Ended mandates

ALEM114

Director · since 13 mai 2019 · until 08 août 2025 · 0831.960.090

Represented by Bruno Carels

Ended

ALEM114

Director · since 13 mai 2019 · until 08 août 2025 · 0831.960.090

Represented by Bruno Carels

Ended

Karman

Managing director · since 13 mai 2019 · until 08 août 2025 · 0632.868.976

Represented by Karel Vandermeersch

Ended

Karman

Managing director · since 13 mai 2019 · until 08 août 2025 · 0632.868.976

Represented by Karel Vandermeersch

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP VANDEN AVENNE COMMODITIES● Active	0884.939.017

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	01/06/2024	01/06/2023	01/06/2022	01/06/2021	01/06/2020	01/06/2019
Closing of the financial year	31/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021	31/05/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/12/2025	29/11/2024	23/11/2023	18/11/2022	02/12/2021	19/01/2021
General meeting	07/11/2025	04/11/2024	03/11/2023	04/11/2022	05/11/2021	06/11/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/05/2025	07/11/2025	24/12/2025	Dutch	PDF
Full model	31/05/2024	04/11/2024	29/11/2024	Dutch	PDF
Full model	31/05/2023	03/11/2023	23/11/2023	Dutch	PDF
Full model	31/05/2022	04/11/2022	18/11/2022	Dutch	PDF
Full model	31/05/2021	05/11/2021	02/12/2021	Dutch	PDF
Full model	31/05/2020	06/11/2020	19/01/2021	Dutch	PDF
Full modelCorrection	31/05/2019	02/11/2019	28/01/2020	Dutch	PDF
Full model	31/05/2019	02/11/2019	15/11/2019	Dutch	PDF
Full model	31/05/2018	02/11/2018	27/11/2018	Dutch	PDF
Full model	31/05/2017	06/11/2017	09/11/2017	Dutch	PDF
Full model	31/05/2016	07/11/2016	30/11/2016	Dutch	PDF
Full model	31/05/2015	02/11/2015	26/11/2015	Dutch	PDF
Full model	31/05/2014	03/11/2014	26/11/2014	Dutch	PDF
Full model	31/05/2013	04/11/2013	03/12/2013	Dutch	PDF
Full model	31/05/2012	02/11/2012	27/11/2012	Dutch	PDF
Full model	31/05/2011	04/11/2011	02/12/2011	Dutch	PDF
Full model	31/05/2010	05/11/2010	08/11/2010	Dutch	PDF
Full model	31/05/2009	06/11/2009	10/12/2009	Dutch	PDF
Full model	31/05/2008	07/11/2008	03/12/2008	Dutch	PDF
Full model	31/05/2007	02/11/2007	04/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/05/2025 · 4 active · 26 ended

Active mandates

ALEM114

Director · since 08 août 2025 · until 08 août 2031 · 0831.960.090

Represented by Bruno Carels

Active

Karman

Managing director · since 08 août 2025 · until 08 août 2031 · 0632.868.976

Represented by Karel Vandermeersch

Active

SAMTRA

Director · since 08 août 2025 · until 08 août 2031 · 0715.698.464

Represented by Ben Samyn

Active

XIMA

Managing director · since 08 août 2025 · until 08 août 2031 · 0453.432.339

Represented by Xavier Van den Avenne

Active

Ended mandates

ALEM114

Director · since 13 mai 2019 · until 08 août 2025 · 0831.960.090

Represented by Bruno Carels

Ended

ALEM114

Director · since 13 mai 2019 · until 08 août 2025 · 0831.960.090

Represented by Bruno Carels

Ended

Karman

Managing director · since 13 mai 2019 · until 08 août 2025 · 0632.868.976

Represented by Karel Vandermeersch

Ended

Karman

Managing director · since 13 mai 2019 · until 08 août 2025 · 0632.868.976

Represented by Karel Vandermeersch

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office03/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other09/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Mandates21/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2015
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

08/08/2025
nominationnv Xima — bestuurder
08/08/2025
nominationbv Karman — bestuurder
08/08/2025
nominationAlem114 — bestuurder
08/08/2025
nominationbv Samtra — bestuurder
2025
Annual accounts 20259,8 M €↓
2024
Annual accounts 202426,8 M €↑
2023
Annual accounts 202313,1 M €↓
2022
Annual accounts 202216,1 M €↓
09/11/2021
nominationBV CERTAM BEDRIJFSREVISOREN — commissaris
09/11/2021
nominationOlivier STROBBE — vaste vertegenwoordiger
2021
Annual accounts 202123 M €↑
2019
Annual accounts 20195,6 M €↓
2018
Annual accounts 20185,9 M €↑
2017
Annual accounts 20173,8 M €↑
2016
Annual accounts 20163 M €↓
2015
Annual accounts 20154 M €↑
2014
Annual accounts 20143,6 M €↑
2013
Annual accounts 20133,2 M €↑
2012
Annual accounts 20122,6 M €↓
2011
Annual accounts 20113 M €↑
2010
Annual accounts 20102,2 M €↑
2009
Annual accounts 2009829,6 k €↓
2008
Annual accounts 20083,7 M €↑
2007
Annual accounts 20072,4 M €
01/01/1968
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

VANDEN AVENNE COMMODITIES

Overview

What does VANDEN AVENNE COMMODITIES 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