VANDACO
0455.259.305 · rovalta.com · 22/09/2026
ACTIVE
VANDACO
Financial year 2025 · closed on 31/12/2025
Net result
50,5 k €
+262.8% YoY
Gross margin
709,6 k €
+17.5% YoY
Equity
601,6 k €
+9.2% YoY
Workforce
7,1 ETP
-4.1% YoY
Overview
What does VANDACO do?
VANDACO is a Public limited company incorporated in 1995. Its main activity is: Manufacture of agricultural and forestry machinery. Its registered office is in Ciney. It employs on average 7,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0455.259.305
Incorporation
18/05/1995
Legal form
Public limited company
Registered office
Rue du Fisine 11
5590 Ciney · WallonieSee on map
5590 Ciney · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
7,1 ETP
Activities (NACE)
28300Manufacture of agricultural and forestry machinery· main28300Manufacture of agricultural and forestry machinery29321Manufacture of other parts and accessories for motor vehicles46610Wholesale of agricultural machinery, equipment and supplies46610Wholesale of agricultural machinery, equipment and supplies51880Air transport+9
Joint committees (4)
- 111
- 111111
- 209
- 20911
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 709,6 k € | +17.5% | 603,9 k € | +6.6% | 566,7 k € | +1.1% | 560,7 k € | +6.6% | 526,1 k € | +63.2% | 322,4 k € | -0.4% | 323,7 k € | – | – | – | – | – | – | – | – | – | – | – | |||||||||||
| EBITDA | 142,6 k € | +69.6% | 84,1 k € | -18.4% | 103,1 k € | +11.9% | 92,1 k € | +10.4% | 83,4 k € | +242% | 24,4 k € | -17.5% | 29,5 k € | +0.2% | 29,5 k € | +1.5% | 29 k € | -15.3% | 34,3 k € | -36.5% | 53,9 k € | +9.6% | 49,2 k € | -36.9% | 78,1 k € | -12.3% | 89 k € | +188% | 30,9 k € | -81.3% | 165,5 k € | +633% | 22,6 k € | +133% | -68,8 k € |
| Operating result | 83,3 k € | +200% | 27,7 k € | -40.0% | 46,2 k € | +30.9% | 35,3 k € | +50.1% | 23,5 k € | +260% | 6,5 k € | -34.0% | 9,9 k € | -18.4% | 12,1 k € | -2.7% | 12,4 k € | -10.6% | 13,9 k € | -55.5% | 31,3 k € | +23.3% | 25,4 k € | -54.0% | 55,2 k € | -14.7% | 64,6 k € | +502% | 10,7 k € | -93.0% | 153,4 k € | +1515% | 9,5 k € | +111% | -85,4 k € |
| Net result | 50,5 k € | +263% | 13,9 k € | -52.8% | 29,5 k € | +114% | 13,8 k € | -2.2% | 14,1 k € | +22.9% | 11,5 k € | +191% | 3,9 k € | -43.3% | 7 k € | +210% | 2,2 k € | -31.0% | 3,3 k € | -78.6% | 15,2 k € | +100% | 7,6 k € | -71.6% | 26,7 k € | -35.4% | 41,4 k € | +520% | -9,9 k € | -108% | 123,8 k € | +820% | -17,2 k € | +81.0% | -90,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 601,6 k € | +9.2% | 551,1 k € | +2.6% | 537,2 k € | +5.8% | 507,7 k € | +2.8% | 494 k € | +10.4% | 447,5 k € | +2.6% | 436 k € | +0.9% | 432,1 k € | +1.6% | 425,1 k € | +0.5% | 422,9 k € | +0.8% | 419,6 k € | +3.8% | 404,4 k € | +1.9% | 396,9 k € | +7.2% | 370,1 k € | +12.6% | 328,7 k € | -2.9% | 338,6 k € | +57.6% | 214,8 k € | -7.4% | 232 k € |
| Total assets | 1,9 M € | +13.4% | 1,7 M € | -9.6% | 1,9 M € | +50.7% | 1,2 M € | -17.5% | 1,5 M € | +44.4% | 1 M € | +2.2% | 1 M € | -23.0% | 1,3 M € | +19.6% | 1,1 M € | +6.4% | 1 M € | +1.5% | 1 M € | -6.5% | 1,1 M € | +5.0% | 1 M € | -0.5% | 1 M € | -9.0% | 1,1 M € | +26.0% | 909,6 k € | +11.0% | 819,8 k € | -5.2% | 865,1 k € |
| Cash | 49,7 k € | -32.1% | 73,1 k € | +1048% | 6,4 k € | -96.6% | 187,2 k € | +274% | 50,1 k € | -77.8% | 225,7 k € | +465% | 39,9 k € | +59.2% | 25,1 k € | -70.5% | 85,1 k € | +107% | 41,1 k € | +9.6% | 37,5 k € | +238% | 11,1 k € | -43.3% | 19,6 k € | -84.8% | 129,1 k € | +48.5% | 86,9 k € | +422% | 16,6 k € | +104% | 8,1 k € | -37.0% | 12,9 k € |
| Debts | 1,3 M € | +15.4% | 1,1 M € | -14.6% | 1,3 M € | +82.1% | 725,7 k € | -27.6% | 1 M € | +70.4% | 588 k € | +1.9% | 577 k € | -34.7% | 883,4 k € | +30.9% | 674,7 k € | +10.5% | 610,5 k € | +11.0% | 549,9 k € | -18.9% | 678,3 k € | +11.2% | 610,1 k € | -8.9% | 669,7 k € | -17.8% | 814,8 k € | +43.3% | 568,6 k € | -6.0% | 604,8 k € | -4.4% | 632,7 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 7,1 ETP | -4.1% | 7,4 ETP | +5.7% | 7,0 ETP | 0.0% | 7,0 ETP | +22.8% | 5,7 ETP | +42.5% | 4,0 ETP | +17.6% | 3,4 ETP | -20.9% | 4,3 ETP | 0.0% | 4,3 ETP | -8.5% | 4,7 ETP | +23.7% | 3,8 ETP | 0.0% | 3,8 ETP | -15.6% | 4,5 ETP | +50.0% | 3,0 ETP | 0.0% | 3,0 ETP | -14.3% | 3,5 ETP | -12.5% | 4,0 ETP | -16.7% | 4,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 11 ended
Active mandates
Active
Joke Vandaele
ActiveEnded mandates
Financials
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 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 15 months | 12 months |
| Filing date | 11/08/2026 | 30/07/2025 | 26/04/2024 | 31/07/2023 | 05/08/2022 | 28/04/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 22/04/2024 | 30/06/2023 | 30/06/2022 | 26/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 11/08/2026 | French | |
| Abridged model | 31/12/2024 | 30/06/2025 | 30/07/2025 | French | |
| Abridged model | 31/12/2023 | 22/04/2024 | 26/04/2024 | French | |
| Abridged model | 31/12/2022 | 30/06/2023 | 31/07/2023 | French | |
| Abridged model | 31/12/2021 | 30/06/2022 | 05/08/2022 | French | |
| Abridged model | 30/09/2020 | 26/03/2021 | 28/04/2021 | French | |
| Abridged model | 30/09/2019 | 02/03/2020 | 20/03/2020 | French | |
| Abridged model | 30/09/2018 | 02/03/2019 | 12/03/2019 | French | |
| Abridged model | 30/09/2017 | 25/01/2018 | 29/01/2018 | French | |
| Full model | 30/09/2016 | 04/03/2017 | 29/03/2017 | French | |
| Full model | 30/09/2015 | 05/03/2016 | 31/03/2016 | French | |
| Full model | 30/09/2014 | 07/03/2015 | 02/04/2015 | French | |
| Full model | 30/09/2013 | 22/03/2014 | 22/04/2014 | French | |
| Full model | 30/09/2012 | 02/03/2013 | 28/03/2013 | French | |
| Full model | 30/09/2011 | 04/04/2012 | 27/04/2012 | French | |
| Full model | 30/09/2010 | 05/04/2011 | 29/04/2011 | French | |
| Full model | 30/09/2009 | 27/03/2010 | 30/04/2010 | French | |
| Full model | 30/09/2008 | 07/03/2009 | 04/05/2009 | French | |
| Full model | 30/09/2007 | 01/03/2008 | 27/03/2008 | French | |
| Full model | 30/09/2006 | 03/03/2007 | 25/04/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 11 ended
Active mandates
Active
Joke Vandaele
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates04/08/2021OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates04/06/2014DEMISSIONS, NOMINATIONS
- Capital / shares11/01/2012CAPITAL, ACTIONS
- Mandates29/05/2008DEMISSIONS, NOMINATIONS
- Mandates23/11/2006DEMISSIONS, NOMINATIONS
- Other21/01/2004OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates08/01/2004ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
- Capital / shares04/07/2003KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202550,5 k €↑
- 2024Annual accounts 202413,9 k €↓
- 2023Annual accounts 202329,5 k €↑
- 2022Annual accounts 202213,8 k €↓
- 2021Annual accounts 202114,1 k €↑
- 2018Annual accounts 201811,5 k €↑
- 2017Annual accounts 20173,9 k €↓
- 2016Annual accounts 20167 k €↑
- 2015Annual accounts 20152,2 k €↓
- 2014Annual accounts 20143,3 k €↓
- 2013Annual accounts 201315,2 k €↑
- 2012Annual accounts 20127,6 k €↓
- 2011Annual accounts 201126,7 k €↓
- 2010Annual accounts 201041,4 k €↑
- 2009Annual accounts 2009-9,9 k €↓
- 2008Annual accounts 2008123,8 k €↑
- 2007Annual accounts 2007-17,2 k €↑
- 2006Annual accounts 2006-90,7 k €
- 18/05/1995IncorporationPublic limited company