ACTIVE

VEMADO

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Financial year 2025 · closed on 31/12/2025

Net result

245,5 k €

+124.7% YoY

Gross margin

758,7 k €

+25.2% YoY

Equity

838,4 k €

+41.4% YoY

Workforce

5,3 ETP

-8.6% YoY

What does VEMADO do?

VEMADO is a Private limited company incorporated in 1973. Its registered office is in Zedelgem. It employs on average 5,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.255.929

Incorporation

26/06/1973

Legal form

Private limited company

Registered office

Torhoutsesteenweg 44 box A
8210 Zedelgem · FlandreSee on map

Contributed capital

36 197,34 €

Latest accounts

31/12/2025

Average workforce

5,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	758,7 k €	+25.2%	605,9 k €	-3.4%	627 k €	+36.6%	459 k €	-16.4%	549,3 k €	+39.3%	394,2 k €	-1.2%	398,9 k €	-12.2%	454,4 k €	+12.4%	404,1 k €	+56.2%	258,8 k €	-48.8%	505 k €	-19.2%	624,6 k €	+13.7%	549,4 k €	+4.3%	526,7 k €	+10.3%	477,6 k €	+8.6%	439,8 k €	+29.9%	338,7 k €	+31.3%	258 k €
EBITDA	411,7 k €	+81.7%	226,6 k €	-23.0%	294,3 k €	+166%	110,7 k €	-42.0%	190,9 k €	+35.6%	140,8 k €	-6.7%	150,9 k €	+29.9%	116,1 k €	+2.5%	113,3 k €	+80.0%	62,9 k €	-43.4%	111,1 k €	-4.4%	116,2 k €	+156%	45,4 k €	-53.2%	97,1 k €	-13.2%	111,9 k €	-23.8%	146,8 k €	+64.2%	89,4 k €	+23.4%	72,4 k €
Operating result	330 k €	+118%	151,5 k €	-28.9%	213,2 k €	+608%	30,1 k €	-73.7%	114,5 k €	+68.1%	68,1 k €	+0.5%	67,8 k €	+107%	32,7 k €	+8.6%	30,1 k €	+78.5%	16,9 k €	-77.2%	74 k €	-1.0%	74,7 k €	+1355%	-6 k €	-114%	41,4 k €	-30.5%	59,5 k €	-40.1%	99,4 k €	+87.4%	53 k €	+6.2%	49,9 k €
Net result	245,5 k €	+125%	109,3 k €	-32.0%	160,7 k €	+584%	23,5 k €	-74.4%	91,7 k €	+96.3%	46,7 k €	-6.0%	49,7 k €	+48.6%	33,4 k €	+69.9%	19,7 k €	+78.3%	11 k €	+124%	-46,2 k €	-225%	36,9 k €	+258%	-23,3 k €	-229%	18 k €	-44.2%	32,3 k €	-22.5%	41,6 k €	+45.0%	28,7 k €	-1.0%	29 k €
Balance sheet
Equity	838,4 k €	+41.4%	592,9 k €	+22.6%	483,7 k €	-9.5%	534,6 k €	+4.6%	511,1 k €	+21.9%	419,4 k €	+12.5%	372,6 k €	+15.4%	323 k €	+11.5%	289,5 k €	+7.3%	269,9 k €	+4.5%	258,3 k €	-15.2%	304,4 k €	+13.8%	267,6 k €	-8.0%	290,9 k €	+6.6%	272,9 k €	+13.4%	240,6 k €	+20.9%	198,9 k €	+28.9%	154,3 k €
Total assets	1,6 M €	+13.4%	1,4 M €	+8.3%	1,3 M €	-6.3%	1,3 M €	-5.0%	1,4 M €	+16.9%	1,2 M €	+0.1%	1,2 M €	+2.1%	1,2 M €	-1.0%	1,2 M €	+90.6%	629 k €	-0.2%	630,2 k €	-9.3%	694,6 k €	-30.9%	1 M €	+27.9%	785,3 k €	+1.2%	775,9 k €	+30.7%	593,6 k €	-7.6%	642,5 k €	+5.1%	611,1 k €
Cash	815,5 k €	+44.2%	565,6 k €	+52.4%	371,2 k €	+1.2%	366,9 k €	-9.7%	406,3 k €	+104%	198,7 k €	+159%	76,7 k €	+1225%	5,8 k €	-94.7%	110,2 k €	+1459%	7,1 k €	-92.9%	99,8 k €	+1018%	8,9 k €	+115%	4,1 k €	+35.5%	3,1 k €	-95.7%	71,7 k €	+681%	9,2 k €	+9.0%	8,4 k €	+73.3%	4,9 k €
Debts	566 k €	-9.1%	622,7 k €	-12.5%	711,3 k €	-2.6%	730,2 k €	+0.9%	723,4 k €	+5.4%	686,4 k €	-6.5%	734 k €	-15.1%	864,2 k €	-4.6%	906,1 k €	+152%	359 k €	-3.5%	371,9 k €	-4.7%	390,1 k €	-47.1%	736,9 k €	+49.0%	494,4 k €	+1.1%	489,3 k €	+55.7%	314,3 k €	-29.1%	443,6 k €	-2.9%	456,8 k €
Other
Workforce	5,3 ETP	-8.6%	5,8 ETP	0.0%	5,8 ETP	-7.9%	6,3 ETP	0.0%	6,3 ETP	+28.6%	4,9 ETP	0.0%	4,9 ETP	-25.8%	6,6 ETP	+10.0%	6,0 ETP	+3.4%	5,8 ETP	-23.7%	7,6 ETP	-7.3%	8,2 ETP	-6.8%	8,8 ETP	+10.0%	8,0 ETP	0.0%	8,0 ETP	+17.6%	6,8 ETP	+70.0%	4,0 ETP	+8.1%	3,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

de vijfde generatie

Mandate · 0776.800.348

Represented by Klaus Vermeersch

Active

Ended mandates

PAUL VERMEERSCH

Manager · since 02 août 1995

Ended

Paul Vermeersch

Mandate

Ended

Paul VERMEERSCH

Director

Ended

Paul VERMEERSCH

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
de vijfde generatie● Active	0776.800.348

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	07/07/2026	18/08/2025	15/08/2024	28/08/2023	19/07/2022	28/06/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	26/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/06/2026	07/07/2026	Dutch	PDF
Abridged model	31/12/2024	28/06/2025	18/08/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	15/08/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	10/08/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	21/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	29/08/2017	Dutch	PDF
Abridged modelCorrection	31/12/2015	30/06/2016	27/09/2016	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	18/09/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	19/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 5 ended

Active mandates

de vijfde generatie

Mandate · 0776.800.348

Represented by Klaus Vermeersch

Active

Ended mandates

PAUL VERMEERSCH

Manager · since 02 août 1995

Ended

Paul Vermeersch

Mandate

Ended

Paul VERMEERSCH

Director

Ended

Paul VERMEERSCH

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/07/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025245,5 k €↑
2024
Annual accounts 2024109,3 k €↓
2023
Annual accounts 2023160,7 k €↑
2022
Annual accounts 202223,5 k €↓
2021
Annual accounts 202191,7 k €↑
2020
Annual accounts 202046,7 k €↓
2019
Annual accounts 201949,7 k €↑
2018
Annual accounts 201833,4 k €↑
2017
Annual accounts 201719,7 k €↑
2016
Annual accounts 201611 k €↑
2015
Annual accounts 2015-46,2 k €↓
2014
Annual accounts 201436,9 k €↑
2013
Annual accounts 2013-23,3 k €↓
2012
Annual accounts 201218 k €↓
2011
Annual accounts 201132,3 k €↓
2010
Annual accounts 201041,6 k €↑
2009
Annual accounts 200928,7 k €↓
2008
Annual accounts 200829 k €
26/06/1973
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

VEMADO

Overview

What does VEMADO 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