ACTIVE

VANDIX

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Financial year 2025 · closed on 31/12/2025

Net result

14 k €

-85.4% YoY

Gross margin

301,7 k €

-19.4% YoY

Equity

459,2 k €

+3.2% YoY

Workforce

199 748,0 ETP

What does VANDIX do?

VANDIX is a Private limited company incorporated in 1989. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Oostende. It employs on average 199 748,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.702.206

Incorporation

13/06/1989

Legal form

Private limited company

Registered office

Kuipweg 6
8400 Oostende · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Average workforce

199 748,0 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate 70204Management consultancy activities 46731Wholesale of wood, construction materials and sanitary equipment+6

Joint committees (5)

124
1240
200
2000
218

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	301,7 k €	-19.4%	374,4 k €	+339%	-156,5 k €	-150%	314,3 k €	-38.2%	508,9 k €	+16.4%	437,3 k €	+77.4%	246,6 k €	+54.6%	159,5 k €	-4.1%	166,3 k €	-22.5%	214,7 k €	+42.6%	150,6 k €	-56.4%	345,5 k €	+19.2%	289,9 k €	+100%	144,8 k €	+21.6%	119,1 k €	+3.4%	115,2 k €	+38.2%	83,4 k €	-11.3%	94 k €	+25.4%	75 k €	-11.0%	84,2 k €
EBITDA	97,2 k €	-47.3%	184,6 k €	+152%	-353,1 k €	-325%	156,7 k €	-47.7%	299,7 k €	+26.2%	237,6 k €	+57.2%	151,1 k €	+78.2%	84,8 k €	-16.8%	101,9 k €	-25.1%	136 k €	+125%	60,4 k €	-76.4%	256 k €	+14.4%	223,8 k €	+58.8%	140,9 k €	+32.8%	106,1 k €	+76.0%	60,3 k €	+94.9%	30,9 k €	-24.6%	41 k €	+59.9%	25,7 k €	-28.6%	35,9 k €
Operating result	65,2 k €	-50.2%	130,7 k €	+143%	-304,9 k €	-425%	93,7 k €	-5.5%	99,1 k €	-36.1%	155 k €	+272%	41,7 k €	+51.3%	27,5 k €	-22.9%	35,7 k €	-19.1%	44,1 k €	+363%	-16,8 k €	-108%	215,5 k €	+11.4%	193,5 k €	+56.6%	123,6 k €	+25.4%	98,5 k €	+115%	45,9 k €	+229%	13,9 k €	-25.2%	18,7 k €	+3535%	513,1 €	-89.2%	4,7 k €
Net result	14 k €	-85.4%	96,2 k €	+132%	-303,7 k €	-599%	60,9 k €	+53.0%	39,8 k €	-76.4%	168,8 k €	+833%	-23 k €	-215%	20 k €	-25.5%	26,8 k €	-23.5%	35,1 k €	+415%	6,8 k €	-94.0%	113,8 k €	+3.3%	110,2 k €	+82.5%	60,4 k €	+88.7%	32 k €	+11.5%	28,7 k €	+237%	8,5 k €	-24.8%	11,3 k €	+132%	4,9 k €	+812%	534 €
Balance sheet
Equity	459,2 k €	+3.2%	445,2 k €	+27.6%	349 k €	-46.5%	652,6 k €	-11.5%	737,8 k €	+5.7%	698,1 k €	+10.9%	629,2 k €	-3.5%	652,3 k €	+3.2%	632,3 k €	+4.4%	605,4 k €	+6.1%	570,4 k €	+1.2%	563,6 k €	+30.7%	431 k €	+42.7%	302,1 k €	+35.5%	223 k €	+16.7%	191 k €	+17.7%	162,3 k €	+61.6%	100,4 k €	+12.7%	89,1 k €	+5.8%	84,2 k €
Total assets	2,4 M €	+4.1%	2,3 M €	+0.5%	2,3 M €	-5.1%	2,4 M €	-4.8%	2,5 M €	+23.3%	2,1 M €	+1.1%	2 M €	-9.2%	2,2 M €	+23.1%	1,8 M €	+10.6%	1,6 M €	+15.9%	1,4 M €	-17.3%	1,7 M €	+61.9%	1,1 M €	+51.4%	699,5 k €	-2.3%	716 k €	+44.0%	497,1 k €	+37.1%	362,5 k €	+112%	171,2 k €	+20.3%	142,3 k €	+10.2%	129,2 k €
Cash	40,1 k €		–		0 €	-100%	47 k €	+37.6%	34,2 k €	+108%	16,4 k €	-81.0%	86,6 k €	+390%	17,7 k €	+10.1%	16 k €	-37.8%	25,8 k €	-44.7%	46,6 k €	-1.8%	47,5 k €	-7.1%	51,1 k €	+569%	7,6 k €	-86.3%	55,6 k €	+143%	22,9 k €	-77.7%	102,9 k €	+429%	19,5 k €	-23.8%	25,5 k €	+128%	11,2 k €
Debts	1,9 M €	+9.5%	1,8 M €	-8.9%	1,9 M €	+10.3%	1,8 M €	+2.1%	1,7 M €	+26.9%	1,4 M €	-3.4%	1,4 M €	-11.5%	1,6 M €	+33.7%	1,2 M €	+15.1%	1 M €	+21.4%	847,7 k €	-25.6%	1,1 M €	+96.6%	579,8 k €	+45.9%	397,4 k €	-19.4%	493 k €	+61.0%	306,1 k €	+52.9%	200,2 k €	+183%	70,7 k €	+32.9%	53,2 k €	+18.4%	44,9 k €
Other
Workforce	199 748,0 ETP		–		–		–		1,8 ETP	-18.2%	2,2 ETP	+57.1%	1,4 ETP	+40.0%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-27.8%	1,8 ETP	0.0%	1,8 ETP	+100%	0,9 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

EURO MASIMA

Director · since 10 novembre 2021 · 0891.360.219

Represented by Stefan VANWYNSBERGHE

Active

EURO MASIMA

Director · since 10 novembre 2021 · until 11 septembre 2023 · 0891.360.219

Represented by Stefan Vanwynsberghe

Active

Ended mandates

EURO MASIMA

Director · since 01 juillet 2020 · until 15 mai 2026 · 0891.360.219

Ended

Stefan Roger Vanwynsberghe

Manager · since 01 octobre 2013

Ended

Stefan Vanwynsberghe

Manager · since 01 octobre 2013

Ended

Paulette Desaegher

Administrator - manager · since 13 juin 1989

Ended

At this address

Other companies at this address

Company	CBE no.
DL ADVICE● Active	1040.421.505

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	18/08/2026	08/07/2025	07/10/2024	23/08/2023	13/07/2022	23/08/2021
General meeting	15/05/2026	16/05/2025	13/09/2024	23/08/2023	20/06/2022	30/07/2021
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
Abridged model	31/12/2025	15/05/2026	18/08/2026	Dutch	PDF
Abridged model	31/12/2024	16/05/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	13/09/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	23/08/2023	23/08/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	13/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/07/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/01/2020	27/11/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	24/10/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	20/03/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	20/03/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/03/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/02/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	20/02/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/02/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	20/02/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	10/02/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 7 ended

Active mandates

EURO MASIMA

Director · since 10 novembre 2021 · 0891.360.219

Represented by Stefan VANWYNSBERGHE

Active

EURO MASIMA

Director · since 10 novembre 2021 · until 11 septembre 2023 · 0891.360.219

Represented by Stefan Vanwynsberghe

Active

Ended mandates

EURO MASIMA

Director · since 01 juillet 2020 · until 15 mai 2026 · 0891.360.219

Ended

Stefan Roger Vanwynsberghe

Manager · since 01 octobre 2013

Ended

Stefan Vanwynsberghe

Manager · since 01 octobre 2013

Ended

Paulette Desaegher

Administrator - manager · since 13 juin 1989

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2021
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/04/2009
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202514 k €↓
2024
Annual accounts 202496,2 k €↑
2023
Annual accounts 2023-303,7 k €↓
2022
Annual accounts 202260,9 k €↑
2021
Annual accounts 202139,8 k €↓
2020
Annual accounts 2020168,8 k €↑
2019
Annual accounts 2019-23 k €↓
2018
Annual accounts 201820 k €↓
2017
Annual accounts 201726,8 k €↓
2016
Annual accounts 201635,1 k €↑
2015
Annual accounts 20156,8 k €↓
2014
Annual accounts 2014113,8 k €↑
2013
Annual accounts 2013110,2 k €↑
2012
Annual accounts 201260,4 k €↑
2011
Annual accounts 201132 k €↑
2010
Annual accounts 201028,7 k €↑
2009
Annual accounts 20098,5 k €↓
2008
Annual accounts 200811,3 k €↑
2007
Annual accounts 20074,9 k €↑
2006
Annual accounts 2006534 €
13/06/1989
IncorporationPrivate 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

VANDIX

Overview

What does VANDIX do?

Trend over 20 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