ACTIVE

VAJAMA

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+54.3% YoY

Gross margin

558,6 k €

-28.2% YoY

Equity

6,6 M €

+30.4% YoY

What does VAJAMA do?

VAJAMA is a Public limited company incorporated in 1992. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Dentergem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.969.349

Incorporation

18/12/1992

Legal form

Public limited company

Registered office

Wakkensesteenweg(Oes) 64
8720 Dentergem · FlandreSee on map

Contributed capital

1 500 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	558,6 k €	-28.2%	777,8 k €	+105%	379,2 k €	+55.7%	243,5 k €	+13.9%	213,8 k €	-7.8%	231,8 k €	+142%	95,9 k €	+61.4%	59,4 k €	+500%	-14,9 k €	+53.9%	-32,3 k €	-144%	-13,2 k €	-153%	25 k €	-85.9%	176,7 k €	+21.9%	145 k €	+15837%	-921,1 €	-103%	36,1 k €	-59.4%	88,9 k €	-0.1%	89 k €	+0.6%	88,4 k €
EBITDA	556,7 k €	-28.3%	776,1 k €	+106%	377,2 k €	+56.0%	241,9 k €	+14.0%	212,2 k €	-7.8%	230,2 k €	+150%	92,2 k €	+59.3%	57,9 k €	+454%	-16,4 k €	+51.5%	-33,8 k €	-125%	-15 k €	-162%	24 k €	-86.3%	175,7 k €	+22.4%	143,6 k €	+4914%	-3 k €	-109%	34,9 k €	-60.3%	87,9 k €	+0.0%	87,9 k €	+0.5%	87,5 k €
Operating result	556,7 k €	-28.3%	776,1 k €	+107%	375,1 k €	+55.1%	241,9 k €	+14.0%	212,2 k €	-7.8%	230,2 k €	+150%	92,2 k €	+59.3%	57,9 k €	+454%	-16,4 k €	+51.5%	-33,8 k €	-125%	-15 k €	-162%	24 k €	-86.3%	175,7 k €	+23.9%	141,9 k €	+2837%	-5,2 k €	-115%	34,9 k €	-60.3%	87,9 k €	+0.0%	87,9 k €	+0.5%	87,5 k €
Net result	1,5 M €	+54.3%	997,2 k €	+315%	240,3 k €	-14.5%	281,2 k €	-17.2%	339,5 k €	-57.7%	801,9 k €	+216%	253,6 k €	+54.5%	164,2 k €	+2889%	-5,9 k €	+61.8%	-15,4 k €	-381%	5,5 k €	+114%	-39,7 k €	-107%	534,9 k €	+121%	241,8 k €	+451%	-68,8 k €	+19.9%	-85,9 k €	-679%	14,8 k €	+65.5%	9 k €	+7.0%	8,4 k €
Balance sheet
Equity	6,6 M €	+30.4%	5,1 M €	+24.5%	4,1 M €	+6.2%	3,8 M €	+7.9%	3,5 M €	+10.5%	3,2 M €	+33.4%	2,4 M €	+11.7%	2,2 M €	+8.3%	2 M €	-0.3%	2 M €	-0.8%	2 M €	+0.3%	2 M €	-1.9%	2 M €	+589%	296,8 k €	+440%	55 k €	-55.6%	123,8 k €	-41.0%	209,7 k €	+7.6%	194,8 k €	+4.8%	185,9 k €
Total assets	14,5 M €	+11.3%	13,1 M €	+71.2%	7,6 M €	+0.6%	7,6 M €	+3.0%	7,4 M €	+2.0%	7,2 M €	+4.3%	6,9 M €	+3.2%	6,7 M €	+5.9%	6,3 M €	+28.0%	4,9 M €	-0.1%	4,9 M €	+5.7%	4,7 M €	+3.7%	4,5 M €	+21.6%	3,7 M €	+5.0%	3,5 M €	+25.9%	2,8 M €	+4.4%	2,7 M €	+8.5%	2,5 M €	+6.1%	2,3 M €
Cash	108,7 k €	-33.4%	163,3 k €	+198%	54,8 k €	-86.4%	402,5 k €	+4.1%	386,7 k €	+5.1%	367,9 k €	+50.2%	244,9 k €	+59.1%	153,9 k €	+9.8%	140,2 k €	+80.6%	77,6 k €	+12.3%	69,1 k €	-63.1%	187,6 k €	+1009%	16,9 k €	+238%	5 k €		–		156,3 €	+82.0%	85,9 €	-63.2%	233,4 €	-33.2%	349,6 €
Debts	7,9 M €	-0.6%	8 M €	+124%	3,6 M €	-5.1%	3,8 M €	-1.6%	3,8 M €	-4.9%	4 M €	-11.1%	4,5 M €	-0.8%	4,5 M €	+4.9%	4,3 M €	+47.2%	2,9 M €	+0.4%	2,9 M €	+9.8%	2,7 M €	+8.3%	2,5 M €	-27.7%	3,4 M €	-1.9%	3,5 M €	+36.9%	2,5 M €	+8.8%	2,3 M €	+5.7%	2,2 M €	+6.4%	2,1 M €

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 · 4 active · 27 ended

Active mandates

NICCON

Director · since 01 janvier 2024 · 0649.407.575

Represented by Vandekerckhove Nicolas

Active

VALIO

Director · since 01 janvier 2024 · 0750.763.073

Represented by Olivier Vandekerckhove

Active

Jaak Vandekerckhove

Managing director · since 03 juin 2023

Active

Marie-Thérèse Beels

Director · since 03 juin 2023

Active

Ended mandates

NICCON

Director · since 01 janvier 2024 · until 01 juin 2030 · 0649.407.575

Represented by Nicolas Vandekerckhove

Ended

VALIO

Director · since 01 janvier 2024 · until 01 juin 2030 · 0750.763.073

Represented by Olivier Vandekerckhove

Ended

Jaak Vandekerckhove

Managing director · since 03 juin 2023 · until 02 juin 2029

Ended

Marie Elisabeth Ghekiere

Director · since 03 juin 2023 · until 01 janvier 2024

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/07/2026	29/08/2025	19/06/2024	05/06/2023	08/06/2022	08/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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
Micro model	31/12/2025	06/06/2026	27/07/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	19/06/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	05/06/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	08/06/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	08/06/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	22/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	17/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	31/08/2012	Dutch	PDF
Abridged model	30/09/2010	02/05/2011	31/08/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	02/04/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	29/04/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	29/04/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	30/03/2007	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 · 4 active · 27 ended

Active mandates

NICCON

Director · since 01 janvier 2024 · 0649.407.575

Represented by Vandekerckhove Nicolas

Active

VALIO

Director · since 01 janvier 2024 · 0750.763.073

Represented by Olivier Vandekerckhove

Active

Jaak Vandekerckhove

Managing director · since 03 juin 2023

Active

Marie-Thérèse Beels

Director · since 03 juin 2023

Active

Ended mandates

NICCON

Director · since 01 janvier 2024 · until 01 juin 2030 · 0649.407.575

Represented by Nicolas Vandekerckhove

Ended

VALIO

Director · since 01 janvier 2024 · until 01 juin 2030 · 0750.763.073

Represented by Olivier Vandekerckhove

Ended

Jaak Vandekerckhove

Managing director · since 03 juin 2023 · until 02 juin 2029

Ended

Marie Elisabeth Ghekiere

Director · since 03 juin 2023 · until 01 janvier 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring11/09/2026
SPLITSING VAN "VARIAN" NV DOOR OVERNEMING DOOR "VAJAMA" NV
PDF
Other09/06/2026
DIVERSEN
PDF
Mandates05/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/10/2011
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2007
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 20251,5 M €↑
2024
Annual accounts 2024997,2 k €↑
2023
Annual accounts 2023240,3 k €↓
2022
Annual accounts 2022281,2 k €↓
2021
Annual accounts 2021339,5 k €↓
2020
Annual accounts 2020801,9 k €↑
2019
Annual accounts 2019253,6 k €↑
2018
Annual accounts 2018164,2 k €↑
2017
Annual accounts 2017-5,9 k €↑
2016
Annual accounts 2016-15,4 k €↓
2015
Annual accounts 20155,5 k €↑
2014
Annual accounts 2014-39,7 k €↓
2013
Annual accounts 2013534,9 k €↑
2012
Annual accounts 2012241,8 k €↑
2011
Annual accounts 2011-68,8 k €↑
2010
Annual accounts 2010-85,9 k €↓
2009
Annual accounts 200914,8 k €↑
2008
Annual accounts 20089 k €↑
2007
Annual accounts 20078,4 k €
18/12/1992
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

VAJAMA

Overview

What does VAJAMA do?

Trend over 19 financial years

Indicative valuation

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