ACTIVE

Vandenbussche

Financial year 2025 · Closed on 31/12/2025

Net result
4,2 M €
+77,1 %over 1 year
Revenue
114,2 M €
+16,6 %over 1 year
Equity
13,3 M €
+7,8 %over 1 year
Workforce
164,1 ETP
+1,1 %over 1 year

Identity

Source · BCE/KBO

Vandenbussche is a Public limited company incorporated in 1988. Its registered office is in Aalter. It employs on average 164,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0433.164.683
Incorporation
19/01/1988
Legal form
Public limited company
Registered office
Groendreef 21
9880 Aalter · FlandreSee on map
Contributed capital
576 113,00 €
Latest accounts
31/12/2025
Average workforce
164,1 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue114,2 M €97,9 M €118,4 M €102 M €85,3 M €
EBITDA7,5 M €4,7 M €6 M €7,6 M €6,1 M €
Operating result5,7 M €3,1 M €4,4 M €6,2 M €4,9 M €
Net result4,2 M €2,3 M €3,5 M €4,6 M €3,7 M €
Balance sheet
Equity13,3 M €12,3 M €15 M €14,2 M €12,8 M €
Total assets44,1 M €39,1 M €44,6 M €44,8 M €35,3 M €
Cash8,7 M €6,5 M €4 M €2,7 M €3,1 M €
Debts30,6 M €26,4 M €29,2 M €30,4 M €22,1 M €
Other
Workforce164,1 ETP162,3 ETP167,8 ETP162,5 ETP159,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 34 ended

Active mandates

CELSUS

Managing director · since 20 décembre 2023 · until 19 décembre 2029 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Active
COMMUNICATING PEOPLE

Director · since 20 décembre 2023 · until 29 mai 2027 · 0473.014.956

Represented by Nicolas BEARELLE

Active
ELATUS

Director · since 20 décembre 2023 · until 19 décembre 2029 · 0730.741.283

Represented by Kristof DEFRUYT

Active
Els VANDENBUSSCHE

Director · since 20 décembre 2023 · until 19 décembre 2029

Active
Griet VANDERMEERSCH

Director · since 20 décembre 2023 · until 19 décembre 2029

Active
Leen VANDENBUSSCHE

Director · since 20 décembre 2023 · until 19 décembre 2029

Active
Robert Boute

Director · since 20 décembre 2023 · until 30 mai 2026 · 0508.683.638

Represented by Robert BOUTE

Active
Wouter DE GEEST

Director · since 20 décembre 2023 · until 29 mai 2027

Active

Ended mandates

JOVETI

Director · since 20 décembre 2023 · until 31 mai 2025 · 0758.948.190

Represented by Didier YSENBAERT

Ended
VYNCKE - A Family of Companies

Director · since 20 décembre 2023 · until 31 mai 2025 · 0885.999.087

Represented by Dieter VYNCKE

Ended
Robert Boute

Director · since 01 juillet 2022 · until 30 mai 2026 · 0508.683.638

Represented by Robert BOUTE

Ended
Els VANDENBUSSCHE

Director · since 29 mai 2021 · until 29 mai 2027

Ended

Other companies at this address

Groendreef 21 9880 Aalter
CompanyCBE no.
AUAR● Active
0804.438.321
0762.512.149
1036.805.482

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202626/06/202525/06/202421/06/202320/06/202204/06/2021
General meeting30/05/202631/05/202525/05/202427/05/202328/05/202229/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/05/202629/06/2026DutchPDF
Full model31/12/202431/05/202526/06/2025DutchPDF
Full model31/12/202325/05/202425/06/2024DutchPDF
Full model31/12/202227/05/202321/06/2023DutchPDF
Full model31/12/202128/05/202220/06/2022DutchPDF
Full model31/12/202029/05/202104/06/2021DutchPDF
Full model31/12/201930/05/202019/06/2020DutchPDF
Full model31/12/201825/05/201913/06/2019DutchPDF
Full model31/12/201726/05/201806/06/2018DutchPDF
Full model31/12/201627/05/201706/07/2017DutchPDF
Full model31/12/201525/06/201627/06/2016DutchPDF
Full model31/12/201410/07/201510/07/2015DutchPDF
Full model31/12/201305/09/201408/09/2014DutchPDF
Full model31/12/201228/06/201305/07/2013DutchPDF
Full model31/12/201129/06/201213/07/2012DutchPDF
Full model31/12/201030/06/201130/08/2011DutchPDF
Full model31/12/200929/06/201030/07/2010DutchPDF
Full model31/12/200830/05/200907/07/2009DutchPDF
Full model31/12/200727/06/200826/08/2008DutchPDF
Full model31/12/200626/05/200723/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

8 active · 34 ended

Active mandates

CELSUS

Managing director · since 20 décembre 2023 · until 19 décembre 2029 · 0821.641.963

Represented by Dirk VANDENBUSSCHE

Active
COMMUNICATING PEOPLE

Director · since 20 décembre 2023 · until 29 mai 2027 · 0473.014.956

Represented by Nicolas BEARELLE

Active
ELATUS

Director · since 20 décembre 2023 · until 19 décembre 2029 · 0730.741.283

Represented by Kristof DEFRUYT

Active
Els VANDENBUSSCHE

Director · since 20 décembre 2023 · until 19 décembre 2029

Active
Griet VANDERMEERSCH

Director · since 20 décembre 2023 · until 19 décembre 2029

Active
Leen VANDENBUSSCHE

Director · since 20 décembre 2023 · until 19 décembre 2029

Active
Robert Boute

Director · since 20 décembre 2023 · until 30 mai 2026 · 0508.683.638

Represented by Robert BOUTE

Active
Wouter DE GEEST

Director · since 20 décembre 2023 · until 29 mai 2027

Active

Ended mandates

JOVETI

Director · since 20 décembre 2023 · until 31 mai 2025 · 0758.948.190

Represented by Didier YSENBAERT

Ended
VYNCKE - A Family of Companies

Director · since 20 décembre 2023 · until 31 mai 2025 · 0885.999.087

Represented by Dieter VYNCKE

Ended
Robert Boute

Director · since 01 juillet 2022 · until 30 mai 2026 · 0508.683.638

Represented by Robert BOUTE

Ended
Els VANDENBUSSCHE

Director · since 29 mai 2021 · until 29 mai 2027

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates22/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20254,2 M €↑
  2. 2024
    Annual accounts 20242,3 M €↓
  3. 2023
    Annual accounts 20233,5 M €↓
  4. 2022
    Annual accounts 20224,6 M €↑
  5. 2021
    Annual accounts 20213,7 M €↑
  6. 2020
    Annual accounts 2020749,3 k €↓
  7. 2019
    Annual accounts 20192,5 M €↑
  8. 2017
    Annual accounts 20171,6 M €↑
  9. 2016
    Annual accounts 20161,1 M €↓
  10. 2015
    Annual accounts 20151,3 M €↓
  11. 2014
    Annual accounts 20142,1 M €↑
  12. 2013
    Annual accounts 20131,6 M €↑
  13. 2012
    Annual accounts 20121,4 M €↓
  14. 2011
    Annual accounts 20113 M €↑
  15. 2010
    Annual accounts 20102,2 M €↑
  16. 2009
    Annual accounts 20091,6 M €↓
  17. 2008
    Annual accounts 20083,2 M €↓
  18. 2007
    Annual accounts 20073,4 M €↑
  19. 2006
    Annual accounts 20061,3 M €
  20. 19/01/1988
    IncorporationPublic limited company