ACTIVE

VANDEMOORTELE GHISLENGHIEN

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Financial year 2025 · Closed on 31/12/2025

Net result244,6 k €-4,8 %over 1 year

Revenue7,3 M €-1,7 %over 1 year

Equity1,9 M €+0,0 %over 1 year

Workforce45,9 ETP+0,7 %over 1 year

Identity

Source · BCE/KBO

VANDEMOORTELE GHISLENGHIEN is a Public limited company incorporated in 1987. Its registered office is in Ath. It employs on average 45,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0431.285.754
Incorporation: 27/05/1987
Legal form: Public limited company
Registered office: Avenue des Artisans(GHI) 47
7822 Ath · WallonieSee on map
Contributed capital: 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 45,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,3 M €	-1.7%	7,4 M €	-9.7%	8,2 M €	+32.6%	6,2 M €	+29.9%	4,8 M €
EBITDA	544,4 k €	+3.4%	526,7 k €	-2.2%	538,8 k €	+43.7%	375 k €	-1.8%	382 k €
Operating result	342,5 k €	-1.9%	349,1 k €	+0.6%	347,1 k €	+126%	153,8 k €	+10.4%	139,3 k €
Net result	244,6 k €	-4.8%	256,8 k €	+8.6%	236,6 k €	+67.6%	141,1 k €	+17.5%	120,1 k €
Balance sheet
Equity	1,9 M €	+0.0%	1,9 M €	+15.7%	1,6 M €	+16.9%	1,4 M €	+0.0%	1,4 M €
Total assets	3,6 M €	+7.1%	3,4 M €	+0.6%	3,4 M €	+12.6%	3 M €	+10.0%	2,7 M €
Cash	852,9 k €	+32.6%	643 k €	+16.7%	550,9 k €	+162880%	338 €	-99.9%	418,7 k €
Debts	1,8 M €	+16.9%	1,5 M €	-13.6%	1,7 M €	+8.0%	1,6 M €	+20.6%	1,3 M €
Other
Workforce	45,9 ETP	+0.7%	45,6 ETP	-2.8%	46,9 ETP	-4.5%	49,1 ETP	+0.2%	49,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 30 ended

Active mandates

Philippe Delsaut

Director · since 10 juin 2025 · until 13 juin 2028

Active

Pieter Frans Boone

Managing director · since 10 juin 2025 · until 13 juin 2028

Active

Yvon Guerin

Director · since 10 juin 2025 · until 13 juin 2028

Active

Ended mandates

Yvon Guerin

Managing director · since 09 août 2024 · until 10 juin 2025

Ended

Herman Van Steenstraeten

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Philippe Delsault

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Philippe Delsaut

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Full financial information

Source · NBB

	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	04/09/2026	12/06/2025	12/06/2024	19/06/2023	29/06/2022	15/06/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	09/06/2026	04/09/2026	French	PDF
Full modelCorrection	31/12/2025	09/06/2026	10/08/2026	French	PDF
Full model	31/12/2025	09/06/2026	15/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	12/06/2025	French	PDF
Full model	31/12/2023	11/06/2024	12/06/2024	French	PDF
Full model	31/12/2022	13/06/2023	19/06/2023	French	PDF
Full model	31/12/2021	14/06/2022	29/06/2022	French	PDF
Full model	31/12/2020	08/06/2021	15/06/2021	French	PDF
Full model	31/12/2019	09/06/2020	25/06/2020	French	PDF
Full model	31/12/2018	11/06/2019	24/06/2019	French	PDF
Full model	31/12/2017	12/06/2018	13/06/2018	French	PDF
Full model	31/12/2016	13/06/2017	15/06/2017	French	PDF
Full model	31/12/2015	14/06/2016	22/06/2016	French	PDF
Full model	31/12/2014	09/06/2015	16/06/2015	French	PDF
Full model	31/12/2013	10/06/2014	02/07/2014	French	PDF
Full modelCorrection	31/12/2012	11/06/2013	06/09/2013	French	PDF
Full model	31/12/2012	11/06/2013	21/06/2013	French	PDF
Full model	31/12/2011	12/06/2012	05/07/2012	French	PDF
Full model	31/12/2010	14/06/2011	04/07/2011	French	PDF
Full model	31/12/2009	08/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	09/06/2009	09/07/2009	French	PDF
Full model	31/12/2007	10/06/2008	10/07/2008	French	PDF
Full model	31/12/2006	12/06/2007	11/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 30 ended

Active mandates

Philippe Delsaut

Director · since 10 juin 2025 · until 13 juin 2028

Active

Pieter Frans Boone

Managing director · since 10 juin 2025 · until 13 juin 2028

Active

Yvon Guerin

Director · since 10 juin 2025 · until 13 juin 2028

Active

Ended mandates

Yvon Guerin

Managing director · since 09 août 2024 · until 10 juin 2025

Ended

Herman Van Steenstraeten

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Philippe Delsault

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Philippe Delsaut

Director · since 14 juin 2022 · until 10 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/08/2026
Renomination du commissaire - constatation de la fin du mandat de M.
PDF
Mandates02/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates04/12/2024
DEMISSIONS, NOMINATIONS
PDF
Other08/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2020
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025244,6 k €↓
2024
Annual accounts 2024256,8 k €↑
2023
Annual accounts 2023236,6 k €↑
2022
Annual accounts 2022141,1 k €↑
2021
Annual accounts 2021120,1 k €↑
2020
Annual accounts 202086,7 k €↓
2019
Annual accounts 2019290,6 k €↑
2018
Annual accounts 2018249,8 k €↓
2017
Annual accounts 2017265 k €↑
2016
Annual accounts 2016186,5 k €↑
2015
Annual accounts 2015149,7 k €↓
2014
Annual accounts 2014169,8 k €↑
2014
Name changeVANDEMOORTELE GHISLENGHIEN
2008
Annual accounts 200879,3 k €
2008
Name changeVANDEMOORTELE BAKERY PRODUCTS GHISLENGHIEN
27/05/1987
IncorporationPublic limited company

VANDEMOORTELE GHISLENGHIEN

Overview

Identity

Financials

Valuation

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

Timeline