ACTIVE

Vandenbussche

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Financial year 2025 · Closed on 31/12/2025

Net result4,2 M €+77,1 %over 1 year

Revenue114,2 M €+16,6 %over 1 year

Equity13,3 M €+7,8 %over 1 year

Workforce164,1 ETP+1,1 %over 1 year

Identity

Source · BCE/KBO

Vandenbussche is a Public limited company incorporated in 1988. Its main activity is: Construction of buildings. 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

Activities (NACE)

41003Construction of buildings· main 41203Construction of residential and non-residential buildings 43120Site preparation 43120Site preparation 45211Maintenance and repair of motor vehicles 41001Construction of buildings+18

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	114,2 M €	+16.6%	97,9 M €	-17.3%	118,4 M €	+16.1%	102 M €	+19.6%	85,3 M €
EBITDA	7,5 M €	+58.3%	4,7 M €	-21.4%	6 M €	-20.7%	7,6 M €	+24.9%	6,1 M €
Operating result	5,7 M €	+81.3%	3,1 M €	-29.4%	4,4 M €	-28.9%	6,2 M €	+26.1%	4,9 M €
Net result	4,2 M €	+77.1%	2,3 M €	-33.0%	3,5 M €	-24.2%	4,6 M €	+25.1%	3,7 M €
Balance sheet
Equity	13,3 M €	+7.8%	12,3 M €	-17.7%	15 M €	+5.6%	14,2 M €	+11.1%	12,8 M €
Total assets	44,1 M €	+12.7%	39,1 M €	-12.3%	44,6 M €	-0.5%	44,8 M €	+27.0%	35,3 M €
Cash	8,7 M €	+33.7%	6,5 M €	+64.5%	4 M €	+47.3%	2,7 M €	-12.7%	3,1 M €
Debts	30,6 M €	+15.9%	26,4 M €	-9.6%	29,2 M €	-3.8%	30,4 M €	+37.2%	22,1 M €
Other
Workforce	164,1 ETP	+1.1%	162,3 ETP	-3.3%	167,8 ETP	+3.3%	162,5 ETP	+2.0%	159,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CELSUS0821.641.963Represented by Dirk VANDENBUSSCHE	Managing director01/09/2019 → 19/12/2029
COMMUNICATING PEOPLE0473.014.956Represented by Nicolas BEARELLE	Director20/12/2023 → 29/05/2027
ELATUS0730.741.283Represented by Kristof DEFRUYT	Director01/09/2019 → 19/12/2029
Els VANDENBUSSCHE	Director27/06/2008 → 19/12/2029
Griet VANDERMEERSCH	Director10/07/2015 → 19/12/2029
Leen VANDENBUSSCHE	Director10/07/2015 → 19/12/2029
Robert Boute0508.683.638Represented by Robert BOUTE	Director01/07/2022 → 30/05/2026
Wouter DE GEEST	Director20/12/2023 → 29/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JOVETI0758.948.190Represented by Didier YSENBAERT	Director01/12/2020 → 2024 accounts
VYNCKE - A Family of Companies0885.999.087Represented by Dieter VYNCKE	Director26/05/2020 → 2024 accounts

Other companies at this address

Groendreef 21 9880 Aalter

Company	CBE no.
AUAR● Active	0804.438.321
Maatschap Vandenbussche N.V. - AIKO - AMIB● Active	0762.512.149
TM Vandenbussche-EEG WZC St-Elisabeth● Active	1036.805.482

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	29/06/2026	26/06/2025	25/06/2024	21/06/2023	20/06/2022	04/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/05/2026	29/06/2026	Dutch	PDF
Full model	31/12/2024	31/05/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	25/06/2024	Dutch	PDF
Full model	31/12/2022	27/05/2023	21/06/2023	Dutch	PDF
Full model	31/12/2021	28/05/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	29/05/2021	04/06/2021	Dutch	PDF
Full model	31/12/2019	30/05/2020	19/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	26/05/2018	06/06/2018	Dutch	PDF
Full model	31/12/2016	27/05/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2014	10/07/2015	10/07/2015	Dutch	PDF
Full model	31/12/2013	05/09/2014	08/09/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	05/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	29/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	30/05/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	26/08/2008	Dutch	PDF
Full model	31/12/2006	26/05/2007	23/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 11 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CELSUS0821.641.963Represented by Dirk VANDENBUSSCHE	Managing director01/09/2019 → 19/12/2029
COMMUNICATING PEOPLE0473.014.956Represented by Nicolas BEARELLE	Director20/12/2023 → 29/05/2027
ELATUS0730.741.283Represented by Kristof DEFRUYT	Director01/09/2019 → 19/12/2029
Els VANDENBUSSCHE	Director27/06/2008 → 19/12/2029
Griet VANDERMEERSCH	Director10/07/2015 → 19/12/2029
Leen VANDENBUSSCHE	Director10/07/2015 → 19/12/2029
Robert Boute0508.683.638Represented by Robert BOUTE	Director01/07/2022 → 30/05/2026
Wouter DE GEEST	Director20/12/2023 → 29/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
JOVETI0758.948.190Represented by Didier YSENBAERT	Director01/12/2020 → 2024 accounts
VYNCKE - A Family of Companies0885.999.087Represented by Dieter VYNCKE	Director26/05/2020 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/07/2026
Ontslag bestuurder
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

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

COMMUNICATING PEOPLE

Robert Boute

ELATUS

CELSUS

Els VANDENBUSSCHE

Leen VANDENBUSSCHE

Griet VANDERMEERSCH

Wouter DE GEEST

JOVETI

VYNCKE - A Family of Companies

CONSCIUS

Dirk VANDENBUSSCHE

Show the 7 other mandates

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

Vandenbussche

Groendreef 21, 9880 Aalter

Director

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Groendreef 21, 9880 AalterCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00229551

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VandenbusscheCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00229551

Events

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

Vandenbussche

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events