ACTIVE

VAN - O - BEL

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Financial year 2025 · closed on 31/12/2025

Net result

19 M €

+82.6% YoY

Revenue

226,6 M €

+14.4% YoY

Equity

59,9 M €

+22.4% YoY

Workforce

100,7 ETP

+2.1% YoY

What does VAN - O - BEL do?

VAN - O - BEL is a Public limited company incorporated in 1964. Its main activity is: Processing and preserving of poultry meat. Its registered office is in Waregem. It employs on average 100,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.452.575

Incorporation

12/11/1964

Legal form

Public limited company

Registered office

Transvaalstraat 35
8793 Waregem · FlandreSee on map

Contributed capital

5 500 000,00 €

Latest accounts

31/12/2025

Average workforce

100,7 ETP

Activities (NACE)

10120Processing and preserving of poultry meat· main 10120Processing and preserving of poultry meat 15121Manufacture of luggage, handbags and the like, saddlery and harness 46231Wholesale of live animals 46231Wholesale of live animals 51230Freight air transport and space transport

Joint committees (2)

Signals

ProfitableSolid equityLow 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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	226,6 M €	+14.4%	198,1 M €	+1.8%	194,6 M €	-0.2%	195 M €	+9.8%	177,5 M €	+43.1%	124 M €	-8.3%	135,3 M €	+1.5%	133,4 M €	+7.6%	124 M €	-45.7%	228,3 M €	+74.3%	130,9 M €	-3.8%	136,2 M €	+4.7%	130,1 M €	+9.2%	119,1 M €	+16.9%	101,9 M €	+7.6%	94,7 M €	+2.3%	92,6 M €	+11.0%	83,5 M €	+29.6%	64,4 M €
EBITDA	25,4 M €	+94.7%	13,1 M €	+37.7%	9,5 M €	-46.4%	17,7 M €	+86.3%	9,5 M €	+375%	2 M €	-70.1%	6,7 M €	+10.8%	6 M €	-18.4%	7,4 M €	-20.3%	9,3 M €	+43.2%	6,5 M €	-12.4%	7,4 M €	+92.3%	3,9 M €	-19.6%	4,8 M €	+12.7%	4,3 M €	-27.7%	5,9 M €	+29.7%	4,5 M €	+77.9%	2,6 M €	+35.7%	1,9 M €
Operating result	24,3 M €	+93.1%	12,6 M €	+47.1%	8,6 M €	-49.6%	17 M €	+151%	6,8 M €	+518%	1,1 M €	-80.3%	5,5 M €	+0.9%	5,5 M €	-19.7%	6,8 M €	-10.1%	7,6 M €	+119%	3,5 M €	+339%	789,4 k €	-18.2%	965,2 k €	+15.6%	834,9 k €	+54.0%	542,3 k €	-68.3%	1,7 M €	+17.1%	1,5 M €	+40.8%	1 M €	+581%	152,2 k €
Net result	19 M €	+82.6%	10,4 M €	+45.0%	7,2 M €	-44.2%	12,8 M €	+149%	5,2 M €	+469%	906,9 k €	-77.0%	3,9 M €	-28.0%	5,5 M €	-20.3%	6,9 M €	-10.3%	7,7 M €	+255%	2,2 M €	+438%	400,2 k €	-21.4%	509,2 k €	+75.5%	290,1 k €	+36.6%	212,4 k €	-39.8%	352,7 k €	-46.4%	658,5 k €	-39.9%	1,1 M €	+976%	101,9 k €
Balance sheet
Equity	59,9 M €	+22.4%	49 M €	+15.0%	42,6 M €	+7.8%	39,5 M €	+20.2%	32,9 M €	+8.8%	30,2 M €	+0.7%	30 M €	+0.7%	29,8 M €	+22.5%	24,3 M €	+39.3%	17,5 M €	+77.9%	9,8 M €	+10.2%	8,9 M €	-0.5%	9 M €	-0.0%	9 M €	-0.2%	9 M €	+0.1%	9 M €	+4.6%	8,6 M €	+8.3%	7,9 M €	+16.1%	6,8 M €
Total assets	79,9 M €	+23.6%	64,6 M €	+14.3%	56,5 M €	-0.3%	56,7 M €	+37.5%	41,2 M €	+4.8%	39,3 M €	-8.9%	43,2 M €	+9.7%	39,4 M €	+13.8%	34,6 M €	+17.8%	29,4 M €	+9.2%	26,9 M €	-9.9%	29,9 M €	-7.9%	32,5 M €	+1.1%	32,1 M €	+5.9%	30,3 M €	+1.3%	29,9 M €	+1.4%	29,5 M €	+7.1%	27,6 M €	+19.8%	23 M €
Cash	2,4 M €	-15.3%	2,9 M €	+140%	1,2 M €	-20.0%	1,5 M €	-42.4%	2,6 M €	+74.5%	1,5 M €	-27.3%	2 M €	-3.6%	2,1 M €	+116%	978,8 k €	+60.6%	609,7 k €	-28.1%	848,1 k €	-42.3%	1,5 M €	+171%	541,7 k €	-52.7%	1,1 M €	+48.2%	773 k €	+4.7%	738,3 k €	+94.5%	379,6 k €	-59.3%	933,5 k €	+260%	259,3 k €
Debts	20 M €	+27.6%	15,6 M €	+12.4%	13,9 M €	-19.0%	17,2 M €	+106%	8,3 M €	-8.4%	9,1 M €	-29.8%	12,9 M €	+36.2%	9,5 M €	+1.0%	9,4 M €	-3.0%	9,7 M €	-38.0%	15,6 M €	-21.2%	19,8 M €	-11.1%	22,3 M €	+0.6%	22,2 M €	+9.0%	20,4 M €	+2.2%	19,9 M €	+3.3%	19,3 M €	+3.2%	18,7 M €	+17.7%	15,9 M €
Other
Workforce	100,7 ETP	+2.1%	98,6 ETP	-0.6%	99,2 ETP	+43.4%	69,2 ETP	-30.7%	99,9 ETP	+2.7%	97,3 ETP	+7.8%	90,3 ETP	+16.2%	77,7 ETP	+4.3%	74,5 ETP	+14.4%	65,1 ETP	+10.3%	59,0 ETP	-4.1%	61,5 ETP	+10.0%	55,9 ETP	+4.7%	53,4 ETP	-7.1%	57,5 ETP	-9.9%	63,8 ETP	-3.9%	66,4 ETP	-5.4%	70,2 ETP	-2.9%	72,3 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 31/12/2025 · 2 active · 25 ended

Active mandates

HUSCON

Managing director · since 02 juin 2025 · 0727.714.784

Represented by Stéphanie Huys

Active

SADYS

Managing director · 0440.739.888

Represented by Frans Van Den Steen

Active

Ended mandates

HUSCON

Managing director · since 02 juin 2025 · 0727.714.784

Represented by Stéphanie Huys

Ended

MIDILUC

Director · since 24 avril 2020 · 0456.768.248

Represented by Stéphanie Huys

Ended

Annie VAN ACKERE

Director · since 19 juin 2012

Ended

SADYS

Chairman of the board of directors · since 19 juin 2012 · 0440.739.888

Represented by Frans VAN DEN STEEN

Ended

At this address

Other companies at this address

Company	CBE no.
VANWARBIS● Active	0848.557.087

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	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	15 months	12 months
Filing date	27/07/2026	24/07/2025	09/08/2024	30/08/2023	26/07/2022	27/04/2021
General meeting	30/06/2026	30/06/2025	17/07/2024	31/07/2023	30/06/2022	05/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	17/07/2024	09/08/2024	Dutch	PDF
Full model	31/12/2022	31/07/2023	30/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	26/07/2022	Dutch	PDF
Full model	30/09/2020	05/03/2021	27/04/2021	Dutch	PDF
Full model	30/09/2019	24/04/2020	30/04/2020	Dutch	PDF
Full model	30/09/2018	29/03/2019	24/04/2019	Dutch	PDF
Full model	30/09/2017	13/03/2018	26/03/2018	Dutch	PDF
Full model	30/09/2016	09/02/2017	16/02/2017	Dutch	PDF
Full model	31/12/2014	29/05/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	23/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	17/06/2011	20/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	04/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	19/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	21/06/2007	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 31/12/2025 · 2 active · 25 ended

Active mandates

HUSCON

Managing director · since 02 juin 2025 · 0727.714.784

Represented by Stéphanie Huys

Active

SADYS

Managing director · 0440.739.888

Represented by Frans Van Den Steen

Active

Ended mandates

HUSCON

Managing director · since 02 juin 2025 · 0727.714.784

Represented by Stéphanie Huys

Ended

MIDILUC

Director · since 24 avril 2020 · 0456.768.248

Represented by Stéphanie Huys

Ended

Annie VAN ACKERE

Director · since 19 juin 2012

Ended

SADYS

Chairman of the board of directors · since 19 juin 2012 · 0440.739.888

Represented by Frans VAN DEN STEEN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates13/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2018
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 202519 M €↑
30/06/2025
reconductionNV Sadys — bestuurder
30/06/2025
unknownNV Sadys — voorzitter van de raad van bestuur
02/06/2025
nominationCommV HUSCON — niet-statutaire bestuurder
02/06/2025
nominationStéphanie Huys — vaste vertegenwoordiger van de rechtspersoon CommV HUSCON
01/01/2025
nominationBV VRC Bedrijfsrevisoren — commissaris
2024
Annual accounts 202410,4 M €↑
2023
Annual accounts 20237,2 M €↓
2022
Annual accounts 202212,8 M €↑
01/01/2022
reconductionSteven T'Jollyn — commissaris
2021
Annual accounts 20215,2 M €↑
2020
Annual accounts 2020906,9 k €↓
2019
Annual accounts 20193,9 M €↓
2018
Annual accounts 20185,5 M €↓
2017
Annual accounts 20176,9 M €↓
2016
Annual accounts 20167,7 M €↑
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 2013400,2 k €↓
2012
Annual accounts 2012509,2 k €↑
2011
Annual accounts 2011290,1 k €↑
2010
Annual accounts 2010212,4 k €↓
2009
Annual accounts 2009352,7 k €↓
2008
Annual accounts 2008658,5 k €↓
2007
Annual accounts 20071,1 M €↑
2006
Annual accounts 2006101,9 k €
12/11/1964
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

VAN - O - BEL

Overview

What does VAN - O - BEL do?

Trend over 19 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