ACTIVE

VANDEMA

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Financial year 2026 · closed on 28/02/2026

Net result

620,5 k €

-98.0% YoY

Equity

100,8 M €

-1.4% YoY

What does VANDEMA do?

VANDEMA is a Public limited company incorporated in 1990. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.874.185

Incorporation

26/12/1990

Legal form

Public limited company

Registered office

John Kennedylaan 19
9000 Gent · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

28/02/2026

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
EBITDA	-8,8 k €	+73.7%	-33,7 k €	-69.9%	-19,8 k €	+55.4%	-44,4 k €	-297%	-11,2 k €	-32.2%	-8,5 k €	+95.0%	-168,7 k €	-1096%	-14,1 k €	-61.5%	-8,7 k €	+39.8%	-14,5 k €	+16.3%	-17,3 k €	+46.4%	-32,4 k €	+19.1%	-40 k €	-402%	-8 k €	+0.2%	-8 k €	-5.4%	-7,6 k €	+14.2%	-8,8 k €	-5.2%	-8,4 k €
Operating result	-8,8 k €	+73.7%	-33,7 k €	-69.9%	-19,8 k €	+55.4%	-44,4 k €	-297%	-11,2 k €	-32.2%	-8,5 k €	+95.0%	-168,7 k €	-1096%	-14,1 k €	-61.5%	-8,7 k €	+39.8%	-14,5 k €	+16.3%	-17,3 k €	+46.4%	-32,4 k €	+19.1%	-40 k €	-402%	-8 k €	+0.2%	-8 k €	-5.4%	-7,6 k €	+14.2%	-8,8 k €	-5.2%	-8,4 k €
Net result	620,5 k €	-98.0%	30,8 M €	+222%	9,6 M €	-51.1%	19,6 M €	+339%	4,5 M €	-49.2%	8,8 M €	+925%	857,7 k €	-90.4%	8,9 M €	+65.9%	5,4 M €	-19.2%	6,7 M €	+72.0%	3,9 M €	+27.0%	3 M €	+31.7%	2,3 M €	-1.5%	2,3 M €	+5.9%	2,2 M €	+63.2%	1,4 M €	-49.5%	2,7 M €	-65.4%	7,8 M €
Balance sheet
Equity	100,8 M €	-1.4%	102,2 M €	+43.1%	71,4 M €	+15.5%	61,8 M €	+28.1%	48,2 M €	+3.1%	46,8 M €	+14.1%	41 M €	-5.0%	43,1 M €	+16.3%	37,1 M €	+5.0%	35,3 M €	+9.2%	32,3 M €	+0.0%	32,3 M €	+4.0%	31,1 M €	+2.0%	30,5 M €	+2.1%	29,9 M €	+4.2%	28,6 M €	+1.3%	28,3 M €	+10.5%	25,6 M €
Total assets	102,8 M €	+0.5%	102,3 M €	+43.2%	71,4 M €	+5.3%	67,8 M €	+40.6%	48,2 M €	+2.6%	47 M €	+14.7%	41 M €	-5.0%	43,1 M €	+16.3%	37,1 M €	+5.0%	35,3 M €	+9.2%	32,4 M €	+0.1%	32,3 M €	+4.0%	31,1 M €	+0.5%	31 M €	-0.9%	31,3 M €	+0.9%	31 M €	-1.8%	31,5 M €	+2.5%	30,8 M €
Cash	30,3 k €	-36.0%	47,2 k €	-43.8%	84,1 k €	-34.7%	128,8 k €	-97.7%	5,6 M €	-9.6%	6,2 M €	+1410%	413,9 k €	-67.7%	1,3 M €	-45.2%	2,3 M €	-6.6%	2,5 M €	+4763%	51,5 k €	+164%	19,5 k €	-31.1%	28,3 k €	+74.9%	16,2 k €	+69.3%	9,6 k €	+10.8%	8,6 k €	-38.9%	14,1 k €	+406%	2,8 k €
Debts	2 M €	+1448%	131 k €	+205%	43 k €	-99.3%	6 M €		–		228,5 k €	+6706%	3,4 k €	+1.6%	3,3 k €	+2.3%	3,2 k €	-71.9%	11,5 k €	+30.2%	8,8 k €	+99.4%	4,4 k €	+72.2%	2,6 k €	-99.4%	466,6 k €	-66.5%	1,4 M €	-39.8%	2,3 M €	-28.5%	3,2 M €	-37.3%	5,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 28/02/2026 · 6 active · 33 ended

Active mandates

Arthur VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Filip VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Harold VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Karel VANDERMEERSCH

Director · since 24 juin 2024 · until 27 juin 2028

Active

Thomas VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Xavier VAN DEN AVENNE

Chairman of the board of directors · since 24 juin 2024 · until 27 juin 2028

Active

Ended mandates

Karel VANDERMEERSCH

Director · since 10 décembre 2020 · until 24 juin 2021

Ended

Karel VANDERMEERSCH

Director · since 10 décembre 2020 · until 24 juin 2024

Ended

Karel VANDERMEERSCH

Director · since 10 décembre 2020 · until 25 juin 2024

Ended

Filip VANDEN AVENNE

Director · since 25 juin 2020 · until 24 juin 2024

Ended

At this address

Other companies at this address

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Carbon Green Logistics● Active	0781.489.705
Euro-Silo● Active	0406.057.836

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/03/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	28/02/2026	28/02/2025	29/02/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	30/06/2025	28/06/2024	07/07/2023	30/06/2022	05/07/2021
General meeting	25/06/2026	26/06/2025	24/06/2024	29/06/2023	23/06/2022	24/06/2021
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

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	28/02/2026	25/06/2026	29/06/2026	Dutch	PDF
Full model	28/02/2025	26/06/2025	30/06/2025	Dutch	PDF
Full model	29/02/2024	24/06/2024	28/06/2024	Dutch	PDF
Full model	28/02/2023	29/06/2023	07/07/2023	Dutch	PDF
Full model	28/02/2022	23/06/2022	30/06/2022	Dutch	PDF
Full model	28/02/2021	24/06/2021	05/07/2021	Dutch	PDF
Full model	29/02/2020	25/06/2020	06/07/2020	Dutch	PDF
Full model	28/02/2019	27/06/2019	04/07/2019	Dutch	PDF
Full model	28/02/2018	25/06/2018	06/07/2018	Dutch	PDF
Full model	28/02/2017	22/06/2017	29/06/2017	Dutch	PDF
Full model	29/02/2016	22/06/2016	05/07/2016	Dutch	PDF
Full model	28/02/2015	23/06/2015	02/07/2015	Dutch	PDF
Full model	28/02/2014	24/06/2014	27/06/2014	Dutch	PDF
Full model	28/02/2013	25/06/2013	02/07/2013	Dutch	PDF
Full model	29/02/2012	26/06/2012	28/06/2012	Dutch	PDF
Full model	28/02/2011	29/06/2011	14/07/2011	Dutch	PDF
Full model	28/02/2010	29/06/2010	05/07/2010	Dutch	PDF
Full model	28/02/2009	30/06/2009	20/07/2009	Dutch	PDF
Full model	29/02/2008	24/06/2008	23/07/2008	Dutch	PDF
Full model	28/02/2007	26/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 28/02/2026 · 6 active · 33 ended

Active mandates

Arthur VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Filip VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Harold VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Karel VANDERMEERSCH

Director · since 24 juin 2024 · until 27 juin 2028

Active

Thomas VANDEN AVENNE

Director · since 24 juin 2024 · until 27 juin 2028

Active

Xavier VAN DEN AVENNE

Chairman of the board of directors · since 24 juin 2024 · until 27 juin 2028

Active

Ended mandates

Karel VANDERMEERSCH

Director · since 10 décembre 2020 · until 24 juin 2021

Ended

Karel VANDERMEERSCH

Director · since 10 décembre 2020 · until 24 juin 2024

Ended

Karel VANDERMEERSCH

Director · since 10 décembre 2020 · until 25 juin 2024

Ended

Filip VANDEN AVENNE

Director · since 25 juin 2020 · until 24 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other16/10/2019
DIVERSEN
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

2026
Annual accounts 2026620,5 k €↓
22/09/2025
nominationLine Vyvey — vaste vertegenwoordiger van EY Bedrijfsrevisoren BV (Commissaris)
2025
Annual accounts 202530,8 M €↑
2024
Annual accounts 20249,6 M €↓
29/06/2023
reconductionErnst & Young Bedrijfsrevisoren BCVBA — commissaris
2023
Annual accounts 202319,6 M €↑
2022
Annual accounts 20224,5 M €↓
2021
Annual accounts 20218,8 M €↑
2020
Annual accounts 2020857,7 k €↓
2019
Annual accounts 20198,9 M €↑
2018
Annual accounts 20185,4 M €↓
2017
Annual accounts 20176,7 M €↑
2016
Annual accounts 20163,9 M €↑
2015
Annual accounts 20153 M €↑
2014
Annual accounts 20142,3 M €↓
2013
Annual accounts 20132,3 M €↑
2012
Annual accounts 20122,2 M €↑
2011
Annual accounts 20111,4 M €↓
2010
Annual accounts 20102,7 M €↓
2009
Annual accounts 20097,8 M €
26/12/1990
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

VANDEMA

Overview

What does VANDEMA do?

Trend over 18 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