ACTIVE

VANDENA

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Financial year 2025 · closed on 31/12/2025

Net result

-134,5 k €

-129.5% YoY

Revenue

124,6 k €

-23.1% YoY

Equity

34,2 M €

-0.4% YoY

What does VANDENA do?

VANDENA is a Public limited company incorporated in 1986. Its main activity is: Management consultancy activities. Its registered office is in Wielsbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.275.874

Incorporation

04/07/1986

Legal form

Public limited company

Registered office

Bavikhoofsestraat(O) 83
8710 Wielsbeke · FlandreSee on map

Contributed capital

2 169 068,34 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	124,6 k €	-23.1%	161,9 k €	-11.1%	182,3 k €	+96.3%	92,8 k €	-38.5%	150,9 k €	-15.2%	177,9 k €	+39.8%	127,2 k €	-1.2%	128,8 k €	-76.3%	544,4 k €	-18.5%	667,9 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	-185,9 k €	-109%	-88,9 k €	-170%	-33 k €	+85.3%	-223,7 k €	-3.9%	-215,2 k €	-12.8%	-190,8 k €	+38.9%	-312,2 k €	-10.8%	-281,8 k €	-129%	-123 k €	-632%	-16,8 k €	-108%	203,3 k €	-65.0%	580,7 k €	+272%	-338,1 k €	-222%	276,2 k €	+92.4%	143,6 k €	-42.5%	249,5 k €	+8.0%	231 k €	-35.8%	360 k €	-65.5%	1 M €	+613%	146,3 k €
Operating result	-275 k €	-52.4%	-180,4 k €	+37.1%	-286,8 k €	+7.6%	-310,3 k €	-1.1%	-306,9 k €	-7.6%	-285,2 k €	+30.0%	-407,7 k €	-5.6%	-386 k €	-73.5%	-222,5 k €	-70.5%	-130,5 k €	-257%	83 k €	-81.9%	459,8 k €	+202%	-453 k €	-314%	211,2 k €	+177%	76,2 k €	-62.9%	205,2 k €	+14.6%	179,2 k €	-41.7%	307,1 k €	-69.0%	990,1 k €	+871%	102 k €
Net result	-134,5 k €	-130%	455,7 k €	-5.9%	484,1 k €	-90.6%	5,1 M €	+201%	1,7 M €	+967%	159,9 k €	-97.7%	6,8 M €	+41693%	-16,5 k €	-2048%	-766,5 €	-152%	1,5 k €	-99.7%	421,7 k €	-72.3%	1,5 M €	-90.0%	15,2 M €	+36418%	41,6 k €	+185%	-48,9 k €	-1465%	-3,1 k €	+25.9%	-4,2 k €	-104%	109,9 k €	-85.1%	735,8 k €	+7039%	-10,6 k €
Balance sheet
Equity	34,2 M €	-0.4%	34,3 M €	+1.3%	33,9 M €	-5.4%	35,8 M €	+16.7%	30,7 M €	+5.9%	29 M €	+0.6%	28,8 M €	+31.2%	22 M €	-0.1%	22 M €	-0.0%	22 M €	+0.0%	22 M €	+2.0%	21,6 M €	+22.4%	17,6 M €	+244%	5,1 M €	+0.8%	5,1 M €	-1.0%	5,1 M €	-0.1%	5,1 M €	-0.1%	5,1 M €	+2.2%	5 M €	+17.1%	4,3 M €
Total assets	39,1 M €	+0.1%	39,1 M €	+2.6%	38,1 M €	-0.5%	38,3 M €	+15.2%	33,2 M €	+5.2%	31,6 M €	+0.3%	31,5 M €	+26.0%	25 M €	-0.5%	25,1 M €	-0.1%	25,2 M €	-1.1%	25,5 M €	+0.2%	25,4 M €	+4.3%	24,4 M €	+162%	9,3 M €	+0.5%	9,3 M €	+10.3%	8,4 M €	-2.7%	8,6 M €	+5.8%	8,1 M €	-0.4%	8,2 M €	+28.5%	6,4 M €
Cash	973,2 k €	+422%	186,4 k €	-20.9%	235,5 k €	-96.0%	5,8 M €	-46.4%	10,9 M €	+60.4%	6,8 M €	-33.8%	10,3 M €	+24.5%	8,2 M €	-29.1%	11,6 M €	-12.4%	13,3 M €	-19.0%	16,4 M €	-3.8%	17 M €	-13.9%	19,8 M €	+38936%	50,7 k €	-28.7%	71 k €	+438%	13,2 k €	-11.5%	14,9 k €	-67.3%	45,6 k €	+171%	16,8 k €	-38.1%	27,2 k €
Debts	4,9 M €	+4.9%	4,7 M €	+11.7%	4,2 M €	+69.6%	2,5 M €	-3.0%	2,6 M €	-2.3%	2,6 M €	-2.7%	2,7 M €	-11.6%	3,1 M €	-3.4%	3,2 M €	-0.7%	3,2 M €	-8.4%	3,5 M €	-9.9%	3,9 M €	-42.9%	6,8 M €	+71.1%	3,9 M €	-5.2%	4,2 M €	+35.5%	3,1 M €	-6.9%	3,3 M €	+16.4%	2,8 M €	-3.7%	2,9 M €	+49.4%	2 M €
Other
Workforce	–		–		0,2 ETP	-80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-44.4%	1,8 ETP	+125%	0,8 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 20 ended

Active mandates

Jan Ide

Managing director · since 26 décembre 2023 · until 26 mai 2029

Active

Katrien Vanden Avenne

Managing director · since 26 décembre 2023 · until 26 mai 2029

Active

Pieter Ide

Director · since 26 décembre 2023 · until 26 mai 2029

Active

Sander Ide

Director · since 26 décembre 2023 · until 26 mai 2029

Active

Ended mandates

Jan Ide

Managing director · since 28 mai 2019 · until 31 mai 2025

Ended

Kartrien Vanden Avenne

Managing director · since 28 mai 2019 · until 31 mai 2025

Ended

Katrien Vanden Avenne

Managing director · since 28 mai 2019 · until 31 mai 2025

Ended

Pieter Ide

Director · since 28 mai 2019 · until 31 mai 2025

Ended

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	01/01/2021	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	23/06/2026	23/06/2025	18/06/2024	23/06/2023	21/06/2022	28/06/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/05/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	31/05/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	27/05/2023	23/06/2023	Dutch	PDF
Full model	31/12/2021	28/05/2022	21/06/2022	Dutch	PDF
Full model	31/12/2020	29/05/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	30/05/2020	29/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	26/05/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	27/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	23/09/2013	Dutch	PDF
Abridged model	31/12/2011	09/01/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	09/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	23/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/08/2008	26/09/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 4 active · 20 ended

Active mandates

Jan Ide

Managing director · since 26 décembre 2023 · until 26 mai 2029

Active

Katrien Vanden Avenne

Managing director · since 26 décembre 2023 · until 26 mai 2029

Active

Pieter Ide

Director · since 26 décembre 2023 · until 26 mai 2029

Active

Sander Ide

Director · since 26 décembre 2023 · until 26 mai 2029

Active

Ended mandates

Jan Ide

Managing director · since 28 mai 2019 · until 31 mai 2025

Ended

Kartrien Vanden Avenne

Managing director · since 28 mai 2019 · until 31 mai 2025

Ended

Katrien Vanden Avenne

Managing director · since 28 mai 2019 · until 31 mai 2025

Ended

Pieter Ide

Director · since 28 mai 2019 · until 31 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares17/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates17/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2004
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 2025-134,5 k €↓
2024
Annual accounts 2024455,7 k €↓
2023
Annual accounts 2023484,1 k €↓
2022
Annual accounts 20225,1 M €↑
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 2020159,9 k €↓
2019
Annual accounts 20196,8 M €↑
2018
Annual accounts 2018-16,5 k €↓
2017
Annual accounts 2017-766,5 €↓
2016
Annual accounts 20161,5 k €↓
2015
Annual accounts 2015421,7 k €↓
2014
Annual accounts 20141,5 M €↓
2013
Annual accounts 201315,2 M €↑
2012
Annual accounts 201241,6 k €↑
2011
Annual accounts 2011-48,9 k €↓
2010
Annual accounts 2010-3,1 k €↑
2009
Annual accounts 2009-4,2 k €↓
2008
Annual accounts 2008109,9 k €↓
2007
Annual accounts 2007735,8 k €↑
2006
Annual accounts 2006-10,6 k €
04/07/1986
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

VANDENA

Overview

What does VANDENA do?

Trend over 20 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