ACTIVE

VADIGRAN

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Financial year 2025 · closed on 31/12/2025

Net result

-1,8 M €

-8034.6% YoY

Revenue

46,3 M €

+33.5% YoY

Equity

1,9 M €

+0.0% YoY

Workforce

23,0 ETP

-30.7% YoY

What does VADIGRAN do?

VADIGRAN is a Public limited company incorporated in 1987. Its main activity is: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. Its registered office is in Lennik. It employs on average 23,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.312.379

Incorporation

02/06/1987

Legal form

Public limited company

Registered office

Alfred Algoetstraat 36
1750 Lennik · FlandreSee on map

Contributed capital

1 915 000,00 €

Latest accounts

31/12/2025

Average workforce

23,0 ETP

Activities (NACE)

46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds· main 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46382Wholesale of other food, including fish, crustaceans and molluscs 46383Wholesale of other food, including fish, crustaceans and molluscs 51210Freight air transport 51383Air transport

Joint committees (2)

Signals

Healthy social debtsHigh revenue

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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		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	46,3 M €	+33.5%	34,7 M €	+4.8%	33,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-2,6 M €	-279%	1,5 M €	+27.5%	1,1 M €	+119%	521,1 k €	-53.9%	1,1 M €	+35.2%	835,1 k €	-21.7%	1,1 M €	+44.2%	739,5 k €	+181%	263,1 k €	-21.7%	335,9 k €	-63.1%	909,3 k €	+108%	438 k €	-16.0%	521,4 k €	+34.4%	387,8 k €	-14.1%	451,5 k €	+75.2%	257,7 k €	+9.0%	236,5 k €	-38.8%	386,5 k €	+9.0%	354,7 k €
Operating result	-4,4 M €	-640%	808,3 k €	+56.6%	516,2 k €	+392%	-176,9 k €	-139%	454,9 k €	+53.6%	296,1 k €	-41.4%	505,2 k €	+70.1%	297 k €	+1590%	-19,9 k €	-109%	222,3 k €	-69.9%	738,8 k €	+284%	192,6 k €	-30.0%	274,9 k €	-5.8%	291,9 k €	+4.4%	279,7 k €	+191%	96,2 k €	-21.2%	122,1 k €	-26.4%	165,9 k €	-21.4%	211,1 k €
Net result	-1,8 M €	-8035%	22,7 k €	-83.4%	137 k €	+134%	-408 k €	-393%	139,4 k €	+3156%	4,3 k €	-99.1%	500,7 k €	+787%	56,4 k €	+124%	-230,7 k €	-3992%	5,9 k €	-97.5%	241,7 k €	+1184%	18,8 k €	-76.6%	80,6 k €	-13.2%	92,8 k €	-14.3%	108,3 k €	+342%	24,5 k €	-83.5%	148,4 k €	+2013%	7 k €	-86.5%	52,2 k €
Balance sheet
Equity	1,9 M €	+0.0%	1,9 M €	+1.2%	1,8 M €	+8.0%	1,7 M €	-19.3%	2,1 M €	+7.1%	2 M €	+0.2%	2 M €	+34.1%	1,5 M €	+4.0%	1,4 M €	-14.1%	1,6 M €	+0.4%	1,6 M €	+17.3%	1,4 M €	+1.4%	1,4 M €	+6.2%	1,3 M €	+7.7%	1,2 M €	+9.9%	1,1 M €	+2.3%	1,1 M €	-13.6%	1,2 M €	+0.6%	1,2 M €
Total assets	11,6 M €	-36.0%	18,1 M €	+9.5%	16,5 M €	-0.2%	16,5 M €	+9.2%	15,2 M €	+15.9%	13,1 M €	+10.0%	11,9 M €	+1.2%	11,8 M €	+2.6%	11,5 M €	+17.1%	9,8 M €	+2.3%	9,6 M €	+4.6%	9,1 M €	+17.0%	7,8 M €	-4.7%	8,2 M €	+16.1%	7,1 M €	-2.4%	7,2 M €	+16.8%	6,2 M €	-3.4%	6,4 M €	+9.4%	5,9 M €
Cash	595,9 k €	+18.5%	502,8 k €	+668%	65,5 k €	-10.2%	72,9 k €	-43.6%	129,3 k €	-17.0%	155,8 k €	-2.1%	159,3 k €	+143%	65,6 k €	-36.2%	102,8 k €	+66.5%	61,7 k €	-62.1%	163,1 k €	+91.0%	85,4 k €	-42.3%	148 k €	+124%	66,1 k €	+9.8%	60,2 k €	+6.0%	56,7 k €	-2.4%	58,1 k €	+27.8%	45,5 k €	+111%	21,5 k €
Debts	8,8 M €	-44.9%	15,9 M €	+11.5%	14,3 M €	-3.8%	14,8 M €	+15.5%	12,8 M €	+15.6%	11,1 M €	+12.1%	9,9 M €	-3.5%	10,3 M €	+2.4%	10 M €	+23.4%	8,1 M €	+3.9%	7,8 M €	+1.1%	7,7 M €	+21.1%	6,4 M €	-5.6%	6,8 M €	+16.4%	5,8 M €	-5.3%	6,1 M €	+20.1%	5,1 M €	-0.5%	5,1 M €	+11.0%	4,6 M €
Other
Workforce	23,0 ETP	-30.7%	33,2 ETP	-20.2%	41,6 ETP	+3.2%	40,3 ETP	+15.1%	35,0 ETP	+4.2%	33,6 ETP	-13.0%	38,6 ETP	-7.0%	41,5 ETP	+9.5%	37,9 ETP	+12.8%	33,6 ETP	+9.4%	30,7 ETP	+4.4%	29,4 ETP	+4.6%	28,1 ETP	0.0%	28,1 ETP	-1.7%	28,6 ETP	+7.1%	26,7 ETP	-3.6%	27,7 ETP	-10.1%	30,8 ETP	+6.9%	28,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Samuel Van Lathem

Director · since 31 mars 2026

Active

Yana Van Lathem

Director · since 31 mars 2026

Active

Antoon Van Lathem

Managing director · until 31 mars 2026

Active

Marleen Van Diest

Managing director · until 31 mars 2026

Active

Ended mandates

Antoon Van Lathem

Managing director · since 03 décembre 2016 · until 02 décembre 2022

Ended

Marleen Van Diest

Managing director · since 03 décembre 2016 · until 02 décembre 2022

Ended

ADRIENNE DE DOBBELEER

Director · until 07 décembre 2010

Ended

ADRIENNE DE DOBBELEER

Director · until 31 décembre 2010

Ended

At this address

Other companies at this address

Company	CBE no.
FANTAIL● Active	0748.643.525
VADIPRO● Active	0803.287.088

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	18 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	04/02/2025	19/01/2024	10/02/2023	26/01/2022	15/01/2021
General meeting	10/07/2026	27/01/2025	29/12/2023	06/12/2022	07/12/2021	01/12/2020
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	31/12/2025	10/07/2026	23/07/2026	Dutch	PDF
Full model	30/06/2024	27/01/2025	04/02/2025	Dutch	PDF
Full model	30/06/2023	29/12/2023	19/01/2024	Dutch	PDF
Abridged model	30/06/2022	06/12/2022	10/02/2023	Dutch	PDF
Abridged model	30/06/2021	07/12/2021	26/01/2022	Dutch	PDF
Abridged model	30/06/2020	01/12/2020	15/01/2021	Dutch	PDF
Abridged model	30/06/2019	03/12/2019	28/01/2020	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	19/12/2018	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	28/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	23/12/2016	Dutch	PDF
Abridged model	30/06/2015	31/12/2015	14/01/2016	Dutch	PDF
Abridged model	30/06/2014	31/12/2014	14/01/2015	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	04/02/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	31/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	09/02/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	29/01/2010	Dutch	PDF
Abridged model	30/06/2008	31/12/2008	16/02/2009	Dutch	PDF
Abridged model	30/06/2007	31/12/2007	31/01/2008	Dutch	PDF
Abridged model	30/06/2006	22/12/2006	12/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 12 ended

Active mandates

Samuel Van Lathem

Director · since 31 mars 2026

Active

Yana Van Lathem

Director · since 31 mars 2026

Active

Antoon Van Lathem

Managing director · until 31 mars 2026

Active

Marleen Van Diest

Managing director · until 31 mars 2026

Active

Ended mandates

Antoon Van Lathem

Managing director · since 03 décembre 2016 · until 02 décembre 2022

Ended

Marleen Van Diest

Managing director · since 03 décembre 2016 · until 02 décembre 2022

Ended

ADRIENNE DE DOBBELEER

Director · until 07 décembre 2010

Ended

ADRIENNE DE DOBBELEER

Director · until 31 décembre 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates17/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other25/06/2025
ALGEMENE VERGADERING - BOEKJAAR
PDF
Other28/12/2023
DOEL
PDF
Mandates29/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/02/2012
KAPITAAL - AANDELEN
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 2025-1,8 M €↓
2024
Annual accounts 202422,7 k €↓
2023
Annual accounts 2023137 k €↑
2022
Annual accounts 2022-408 k €↓
2021
Annual accounts 2021139,4 k €↑
2020
Annual accounts 20204,3 k €↓
2019
Annual accounts 2019500,7 k €↑
2018
Annual accounts 201856,4 k €↑
2017
Annual accounts 2017-230,7 k €↓
2016
Annual accounts 20165,9 k €↓
2015
Annual accounts 2015241,7 k €↑
2014
Annual accounts 201418,8 k €↓
2013
Annual accounts 201380,6 k €↓
2012
Annual accounts 201292,8 k €↓
2011
Annual accounts 2011108,3 k €↑
2010
Annual accounts 201024,5 k €↓
2009
Annual accounts 2009148,4 k €↑
2008
Annual accounts 20087 k €↓
2007
Annual accounts 200752,2 k €
02/06/1987
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

VADIGRAN

Overview

What does VADIGRAN 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