OPENING OF BANKRUPTCY

VANDEWALLE

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Company — Opening of bankruptcy.

Financial year 2025 · Closed on 31/12/2025

Net result-5,3 M €+26,5 %over 1 year

Revenue7,2 M €-57,8 %over 1 year

Equity-17,6 M €-42,8 %over 1 year

Workforce61,5 ETP-24,8 %over 1 year

Identity

Source · BCE/KBO

VANDEWALLE is a Public limited company incorporated in 1990. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Jabbeke. It employs on average 61,5 ETP workers (FTE).

Legal situation: Opening of bankruptcy
BCE/KBO no. / VAT: BE 0441.838.859
Incorporation: 13/11/1990
Legal form: Public limited company
Registered office: Vlamingveld 51
8490 Jabbeke · FlandreSee on map
Contributed capital: 384 428,00 €
Latest accounts: 31/12/2025
Average workforce: 61,5 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories

Joint committees (3)

Signals

Healthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,2 M €	-57.8%	17 M €	-51.0%	34,7 M €	+15.6%	30,1 M €	+3.5%	29,1 M €
EBITDA	-4,6 M €	+9.5%	-5 M €	-15.6%	-4,4 M €	-670%	-567,1 k €	+19.3%	-702,3 k €
Operating result	-4,6 M €	+27.1%	-6,3 M €	-19.4%	-5,3 M €	-10942%	-47,9 k €	+93.9%	-787,7 k €
Net result	-5,3 M €	+26.5%	-7,2 M €	-20.3%	-6 M €	-2289%	-249,7 k €	+75.6%	-1 M €
Balance sheet
Equity	-17,6 M €	-42.8%	-12,3 M €	-139%	-5,1 M €	-727%	820,6 k €	-23.3%	1,1 M €
Total assets	6,5 M €	-34.5%	9,9 M €	-42.0%	17 M €	+0.2%	17 M €	+24.0%	13,7 M €
Cash	916,5 k €	+98928%	925,5 €	-94.4%	16,4 k €	-97.7%	700,9 k €	+509%	115 k €
Debts	23,2 M €	+11.3%	20,9 M €	-3.2%	21,6 M €	+35.7%	15,9 M €	+28.1%	12,4 M €
Other
Workforce	61,5 ETP	-24.8%	81,8 ETP	-2.7%	84,1 ETP	-3.9%	87,5 ETP	-3.6%	90,8 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 51 ended

Active mandates

Nicolas Rogez

Chairman of the board of directors · since 05 mars 2025 · until 05 juin 2030

Active

Mark Dirckx

Director · since 19 juillet 2024 · until 05 juin 2030

Active

Natalie Dewulf

Chairman of the board of directors · since 19 juillet 2024 · until 05 mars 2025

Active

Xavier Allard

Director · since 19 juillet 2024 · until 05 juin 2030

Active

Ended mandates

Mark Dirckx

Director · since 19 janvier 2024 · until 19 juillet 2024

Ended

Michiel Jacxsens

Managing director · since 06 mars 2023 · until 31 décembre 2023

Ended

Michiel Jacxsens

Managing director · since 06 mars 2023 · until 29 avril 2024

Ended

Xavier Allard

Director · since 14 juin 2022 · until 29 avril 2024

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	02/07/2026	11/03/2026	01/08/2024	20/07/2023	26/10/2022	01/07/2021
General meeting	02/07/2026	10/03/2026	19/07/2024	30/06/2023	13/10/2022	30/06/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/07/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	10/03/2026	11/03/2026	Dutch	PDF
Full model	31/12/2023	19/07/2024	01/08/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	13/10/2022	26/10/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	04/12/2020	23/12/2020	Dutch	PDF
Full model	31/12/2018	19/02/2020	24/03/2020	Dutch	PDF
Full model	31/12/2017	07/12/2018	11/01/2019	Dutch	PDF
Full model	31/12/2016	28/06/2017	26/10/2017	Dutch	PDF
Full model	31/12/2015	29/06/2016	26/07/2016	Dutch	PDF
Full model	30/06/2015	30/12/2015	14/01/2016	Dutch	PDF
Full model	30/06/2014	30/01/2015	30/01/2015	Dutch	PDF
Full model	30/06/2013	31/01/2014	31/01/2014	Dutch	PDF
Full model	30/06/2012	31/01/2013	15/02/2013	Dutch	PDF
Full model	30/06/2011	31/01/2012	27/03/2012	Dutch	PDF
Full model	30/06/2010	28/02/2011	04/03/2011	Dutch	PDF
Full model	30/06/2009	12/02/2010	23/02/2010	Dutch	PDF
Full model	30/06/2008	25/02/2009	25/03/2009	Dutch	PDF
Full model	30/06/2007	28/12/2007	28/01/2008	Dutch	PDF
Full model	30/06/2006	31/12/2006	31/01/2007	Dutch	PDF

Indicative valuation

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

4 active · 51 ended

Active mandates

Nicolas Rogez

Chairman of the board of directors · since 05 mars 2025 · until 05 juin 2030

Active

Mark Dirckx

Director · since 19 juillet 2024 · until 05 juin 2030

Active

Natalie Dewulf

Chairman of the board of directors · since 19 juillet 2024 · until 05 mars 2025

Active

Xavier Allard

Director · since 19 juillet 2024 · until 05 juin 2030

Active

Ended mandates

Mark Dirckx

Director · since 19 janvier 2024 · until 19 juillet 2024

Ended

Michiel Jacxsens

Managing director · since 06 mars 2023 · until 31 décembre 2023

Ended

Michiel Jacxsens

Managing director · since 06 mars 2023 · until 29 avril 2024

Ended

Xavier Allard

Director · since 14 juin 2022 · until 29 avril 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other18/02/2026
DIVERSEN
PDF
Other09/07/2025
DIVERSEN
PDF
Mandates21/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2024
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other10/04/2024
DIVERSEN
PDF
Other05/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates03/04/2023
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2023
ONTSLAGEN - BENOEMINGEN
PDF

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Timeline

2025
Annual accounts 2025-5,3 M €↑
2024
Annual accounts 2024-7,2 M €↓
2023
Annual accounts 2023-6 M €↓
2022
Annual accounts 2022-249,7 k €↑
2021
Annual accounts 2021-1 M €↓
2020
Annual accounts 2020365,5 k €↑
2019
Annual accounts 2019-4,2 M €↓
2018
Annual accounts 2018602,2 k €↓
2017
Annual accounts 2017843,9 k €↓
2016
Annual accounts 20161,6 M €↑
2015
Annual accounts 20151 M €↓
2015
Annual accounts 20152,1 M €↓
2014
Annual accounts 20142,4 M €↑
2013
Annual accounts 20131,2 M €↓
2012
Annual accounts 20122,8 M €↑
2011
Annual accounts 20112,3 M €↑
2010
Annual accounts 20102,3 M €↑
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 20081 M €↑
2007
Annual accounts 2007861,5 k €
13/11/1990
IncorporationPublic limited company

VANDEWALLE

Overview

Identity

Financials

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