ACTIVE

VDS

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

+4.6% YoY

Revenue

31,1 M €

+9.8% YoY

Equity

11,4 M €

+8.7% YoY

Workforce

22,3 ETP

-0.4% YoY

What does VDS do?

VDS is a Public limited company incorporated in 1991. Its main activity is: Manufacture of prepared feeds for farm animals. Its registered office is in Deerlijk. It employs on average 22,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.713.137

Incorporation

21/03/1991

Legal form

Public limited company

Registered office

Paanderstraat 40
8540 Deerlijk · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

22,3 ETP

Activities (NACE)

10910Manufacture of prepared feeds for farm animals· main 10910Manufacture of prepared feeds for farm animals 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 51210Freight air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	31,1 M €	+9.8%	28,3 M €	+1.9%	27,8 M €	-19.4%	34,5 M €	+40.1%	24,6 M €	+4.4%	23,6 M €	+6.3%	22,2 M €	-0.6%	22,3 M €	+10.6%	20,2 M €	-4.7%	21,2 M €	+3.8%	20,4 M €	+87.6%	10,9 M €		–		–		–		–		–		–		–		–
EBITDA	2,2 M €	+10.7%	2 M €	+12.9%	1,8 M €	-42.5%	3,1 M €	+31.3%	2,4 M €	+26.6%	1,9 M €	+24.4%	1,5 M €	-7.3%	1,6 M €	+39.0%	1,2 M €	-41.3%	2 M €	+63.7%	1,2 M €	+1.6%	1,2 M €	+116%	550,5 k €	+8.4%	507,9 k €	-3.6%	526,8 k €	+9.6%	480,7 k €	-21.7%	613,9 k €	+35.8%	452 k €	+25.4%	360,4 k €	-12.1%	410,1 k €
Operating result	1,7 M €	+6.9%	1,6 M €	+17.4%	1,4 M €	-48.5%	2,7 M €	+51.0%	1,8 M €	+46.7%	1,2 M €	+38.9%	865,6 k €	-24.6%	1,1 M €	+48.9%	771,3 k €	-55.2%	1,7 M €	+73.3%	993,5 k €	-3.4%	1 M €	+90.5%	539,9 k €	+8.6%	497,2 k €	-3.9%	517,2 k €	+11.5%	463,7 k €	-22.7%	600,1 k €	+37.2%	437,3 k €	+27.0%	344,2 k €	-13.3%	397,2 k €
Net result	1,4 M €	+4.6%	1,3 M €	+22.9%	1,1 M €	-50.3%	2,1 M €	+57.9%	1,4 M €	+45.2%	930,2 k €	+37.5%	676,4 k €	-22.1%	868,6 k €	+50.5%	577,2 k €	-50.9%	1,2 M €	+68.4%	698 k €	-61.9%	1,8 M €	+249%	525,3 k €	+56.8%	335,1 k €	-13.5%	387,6 k €	+5.8%	366,5 k €	-9.8%	406,5 k €	+56.1%	260,4 k €	-10.7%	291,5 k €	+8.8%	268 k €
Balance sheet
Equity	11,4 M €	+8.7%	10,5 M €	+8.9%	9,6 M €	+5.0%	9,1 M €	+20.1%	7,6 M €	+10.9%	6,9 M €	+6.6%	6,4 M €	+0.9%	6,4 M €	+9.6%	5,8 M €	+4.8%	5,5 M €	+26.9%	4,4 M €	-22.9%	5,7 M €	+47.7%	3,8 M €	+10.8%	3,5 M €	+7.3%	3,2 M €	+11.3%	2,9 M €	+10.9%	2,6 M €	+14.3%	2,3 M €	+8.5%	2,1 M €	+11.4%	1,9 M €
Total assets	16,4 M €	+5.1%	15,6 M €	+4.8%	14,9 M €	+1.4%	14,7 M €	+2.5%	14,3 M €	+14.5%	12,5 M €	-0.1%	12,5 M €	+2.7%	12,2 M €	+12.6%	10,8 M €	+26.9%	8,5 M €	+9.5%	7,8 M €	-14.3%	9,1 M €	+103%	4,5 M €	+1.8%	4,4 M €	-9.3%	4,8 M €	+1.1%	4,8 M €	+2.4%	4,7 M €	-0.0%	4,7 M €	+1.0%	4,6 M €	+1.2%	4,6 M €
Cash	1,1 M €	-18.6%	1,4 M €	-11.9%	1,5 M €	-24.7%	2 M €	+45.7%	1,4 M €	+53.6%	910,9 k €	-22.1%	1,2 M €	+54.3%	757,6 k €	-43.2%	1,3 M €	+37.9%	967,6 k €	+110%	461,8 k €	-46.2%	858,8 k €	+161%	329,5 k €	+177%	119 k €	+65.8%	71,8 k €	-32.7%	106,7 k €	+62.5%	65,7 k €	-9.0%	72,2 k €	+182%	25,6 k €	-69.0%	82,6 k €
Debts	5 M €	-2.2%	5,1 M €	-2.5%	5,3 M €	-4.5%	5,5 M €	-17.5%	6,7 M €	+18.8%	5,6 M €	-7.1%	6,1 M €	+4.8%	5,8 M €	+16.1%	5 M €	+68.4%	3 M €	-12.5%	3,4 M €	+0.0%	3,4 M €	+431%	637,6 k €	-31.6%	932,4 k €	-42.3%	1,6 M €	-14.6%	1,9 M €	-8.5%	2,1 M €	-13.7%	2,4 M €	-5.3%	2,5 M €	-6.0%	2,7 M €
Other
Workforce	22,3 ETP	-0.4%	22,4 ETP	+6.2%	21,1 ETP	+2.4%	20,6 ETP	+4.6%	19,7 ETP	-6.2%	21,0 ETP	+6.6%	19,7 ETP	+12.6%	17,5 ETP	-11.2%	19,7 ETP	-11.7%	22,3 ETP	+7.7%	20,7 ETP	-3.3%	21,4 ETP	+970%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+25.0%	1,6 ETP	+60.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

Sedasko

Managing director · since 17 février 2020 · 0633.918.358

Represented by Koen BLANCHAERT

Active

Ended mandates

Johan Blanchaert

Director · since 17 février 2020 · until 12 décembre 2022

Ended

Johan Blanchaert

Director · since 17 février 2020 · until 02 mai 2026

Ended

Koen Blanchaert

Director · since 17 février 2020 · until 02 mai 2020

Ended

Sedasko

Managing director · since 17 février 2020 · until 02 mai 2026 · 0633.918.358

Represented by Koen BLANCHAERT

Ended

At this address

Other companies at this address

Company	CBE no.
VDS - NUTRITION● Active	0475.303.067

Annual accounts

Full financial information

	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	01/07/2026	31/07/2025	12/07/2024	27/12/2023	18/07/2022	20/07/2021
General meeting	06/06/2026	11/07/2025	25/06/2024	18/12/2023	29/06/2022	26/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	11/07/2025	31/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	12/07/2024	Dutch	PDF
Full modelCorrection	31/12/2022	18/12/2023	27/12/2023	Dutch	PDF
Full model	31/12/2022	03/06/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	18/07/2022	Dutch	PDF
Full model	31/12/2020	26/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	07/07/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	20/07/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	03/07/2018	20/08/2018	Dutch	PDF
Full model	31/12/2016	06/05/2017	31/05/2017	Dutch	PDF
Full model	31/12/2015	21/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	23/05/2015	02/07/2015	Dutch	PDF
Abridged model	30/06/2014	25/10/2014	30/01/2015	Dutch	PDF
Abridged model	30/06/2013	26/10/2013	29/11/2013	Dutch	PDF
Abridged model	30/06/2012	27/10/2012	28/12/2012	Dutch	PDF
Abridged model	30/06/2011	29/10/2011	30/12/2011	Dutch	PDF
Abridged model	30/06/2010	30/10/2010	30/12/2010	Dutch	PDF
Abridged model	30/06/2009	31/10/2009	30/12/2009	Dutch	PDF
Abridged model	30/06/2008	25/10/2008	31/12/2008	Dutch	PDF
Abridged model	30/06/2007	27/10/2007	28/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025 · 1 active · 23 ended

Active mandates

Sedasko

Managing director · since 17 février 2020 · 0633.918.358

Represented by Koen BLANCHAERT

Active

Ended mandates

Johan Blanchaert

Director · since 17 février 2020 · until 12 décembre 2022

Ended

Johan Blanchaert

Director · since 17 février 2020 · until 02 mai 2026

Ended

Koen Blanchaert

Director · since 17 février 2020 · until 02 mai 2020

Ended

Sedasko

Managing director · since 17 février 2020 · until 02 mai 2026 · 0633.918.358

Represented by Koen BLANCHAERT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring12/01/2023
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/08/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2016
ONTSLAGEN - BENOEMINGEN
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 20251,4 M €↑
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20222,1 M €↑
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020930,2 k €↑
2019
Annual accounts 2019676,4 k €↓
2018
Annual accounts 2018868,6 k €↑
2017
Annual accounts 2017577,2 k €↓
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015698 k €↓
2014
Annual accounts 20141,8 M €↑
2014
Annual accounts 2014525,3 k €↑
2013
Annual accounts 2013335,1 k €↓
2012
Annual accounts 2012387,6 k €↑
2011
Annual accounts 2011366,5 k €↓
2010
Annual accounts 2010406,5 k €↑
2009
Annual accounts 2009260,4 k €↓
2008
Annual accounts 2008291,5 k €↑
2007
Annual accounts 2007268 k €
21/03/1991
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

VDS

Overview

What does VDS 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