ACTIVE

Michel VANDEZANDE et Cie

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Financial year 2025 · closed on 30/09/2025

Net result

-135,3 k €

-577.2% YoY

Gross margin

-70,9 k €

-200.1% YoY

Equity

3 M €

-4.4% YoY

Workforce

0,0 ETP

What does Michel VANDEZANDE et Cie do?

Michel VANDEZANDE et Cie is a Public limited company incorporated in 1997. Its main activity is: Real estate agencies. Its registered office is in Charleroi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.929.845

Incorporation

25/06/1997

Legal form

Public limited company

Registered office

Rue des Hiercheuses 82
6001 Charleroi · WallonieSee on map

Contributed capital

1 976 000,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-70,9 k €	-200%	70,8 k €	+470%	-19,1 k €	-102%	1 M €	+4569%	21,8 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-72,4 k €	-204%	69,5 k €	+448%	-20 k €	-102%	1 M €	+14851%	6,7 k €	-94.5%	122 k €	+7.2%	113,8 k €	-29.0%	160,4 k €	+0.6%	159,5 k €	+0.2%	159,2 k €	+0.2%	158,9 k €	-1.0%	160,4 k €	+4.3%	153,8 k €	+8.4%	141,8 k €	+3.6%	136,9 k €	-1.0%	138,3 k €
Operating result	-103,1 k €	-366%	38,8 k €	+294%	-20 k €	-102%	1 M €	+15258%	6,5 k €	-94.6%	121,7 k €	+15.0%	105,9 k €	-28.8%	148,6 k €	+0.6%	147,7 k €	+0.2%	147,3 k €	+0.2%	147,1 k €	-1.0%	148,6 k €	+4.7%	142 k €	+9.2%	130 k €	+3.8%	125,2 k €	-1.3%	126,8 k €
Net result	-135,3 k €	-577%	-20 k €	+69.9%	-66,4 k €	-111%	624,2 k €	+250%	-416,3 k €	-3721%	11,5 k €	-50.1%	23 k €	-61.2%	59,3 k €	+7.1%	55,4 k €	+0.5%	55,1 k €	+2.4%	53,8 k €	-1.6%	54,7 k €	+10.5%	49,5 k €	+18.8%	41,7 k €	+7.3%	38,9 k €	-9.1%	42,8 k €
Balance sheet
Equity	3 M €	-4.4%	3,1 M €	+10.3%	2,8 M €	-2.3%	2,9 M €	+27.9%	2,2 M €	-49.7%	4,4 M €	+0.3%	4,4 M €	+0.1%	4,4 M €	+0.2%	4,4 M €	+0.1%	4,4 M €	+0.1%	4,4 M €	+0.1%	4,4 M €	+0.1%	4,4 M €	+0.2%	4,4 M €	+1.0%	4,4 M €	+0.9%	4,3 M €
Total assets	4,4 M €	-11.0%	5 M €	+0.1%	5 M €	-1.8%	5,1 M €	-2.3%	5,2 M €	-25.9%	7 M €	+6.1%	6,6 M €	-0.3%	6,6 M €	+11.6%	6 M €	+0.5%	5,9 M €	+0.4%	5,9 M €	+0.8%	5,9 M €	-0.0%	5,9 M €	+0.8%	5,8 M €	+0.8%	5,8 M €	-0.0%	5,8 M €
Cash	281,1 €	-86.4%	2,1 k €	-0.5%	2,1 k €	+10468%	19,7 €	-90.0%	196,7 €		–		7,3 k €	-15.1%	8,6 k €	+669%	1,1 k €	-91.9%	13,9 k €	-38.8%	22,7 k €	+339%	5,2 k €	-82.8%	30 k €	+80.9%	16,6 k €	+1044%	1,5 k €	-90.6%	15,4 k €
Debts	1,1 M €	-26.9%	1,5 M €	-20.1%	1,9 M €	-1.3%	2 M €	-33.2%	2,9 M €	+13.9%	2,6 M €	+17.9%	2,2 M €	-1.0%	2,2 M €	+44.5%	1,5 M €	+1.6%	1,5 M €	+1.1%	1,5 M €	+2.9%	1,4 M €	-0.3%	1,5 M €	+2.8%	1,4 M €	+0.2%	1,4 M €	-3.0%	1,5 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		0,2 ETP	-71.4%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 5 ended

Active mandates

Eric Vandezande

Managing director

Active

Sylvie Vandezande

Managing director

Active

Ended mandates

Sylvie Vandezande

Managing director · since 15 mars 2019 · until 17 mars 2023

Ended

Eric Vandezande

Managing director · since 24 avril 2017 · until 17 mars 2023

Ended

Pierre-Luc Husson

Director · since 24 avril 2017 · until 17 mars 2023

Ended

Michel Vandezande SPRL

Manager · 0465.222.193

Represented by Michel Vandezande

Ended

At this address

Other companies at this address

Company	CBE no.
Immo V.D.Z.● Active	0425.852.467
Vande● Active	0401.686.601

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	29/04/2024	28/04/2023	29/04/2022	30/04/2021
General meeting	31/03/2026	31/03/2025	29/03/2024	30/03/2023	30/03/2022	30/03/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	French	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	French	PDF
Abridged model	30/09/2023	29/03/2024	29/04/2024	French	PDF
Abridged model	30/09/2022	30/03/2023	28/04/2023	French	PDF
Abridged model	30/09/2021	30/03/2022	29/04/2022	French	PDF
Abridged model	30/09/2020	30/03/2021	30/04/2021	French	PDF
Abridged model	30/09/2019	31/03/2020	22/04/2020	French	PDF
Full model	30/09/2018	15/03/2019	12/04/2019	French	PDF
Full model	30/09/2017	16/03/2018	21/03/2018	French	PDF
Full model	30/09/2016	30/12/2016	27/01/2017	French	PDF
Full model	30/09/2015	18/03/2016	30/03/2016	French	PDF
Full model	30/09/2014	20/03/2015	10/04/2015	French	PDF
Full model	30/09/2013	21/03/2014	24/04/2014	French	PDF
Full model	30/09/2012	15/03/2013	29/03/2013	French	PDF
Full model	30/09/2011	16/03/2012	13/04/2012	French	PDF
Full model	30/09/2010	18/03/2011	11/04/2011	French	PDF
Full model	30/09/2009	19/03/2010	26/03/2010	French	PDF
Full model	30/09/2008	20/03/2009	09/04/2009	French	PDF
Full model	30/09/2007	21/03/2008	09/04/2008	French	PDF
Full model	30/09/2006	16/03/2007	22/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/09/2025 · 2 active · 5 ended

Active mandates

Eric Vandezande

Managing director

Active

Sylvie Vandezande

Managing director

Active

Ended mandates

Sylvie Vandezande

Managing director · since 15 mars 2019 · until 17 mars 2023

Ended

Eric Vandezande

Managing director · since 24 avril 2017 · until 17 mars 2023

Ended

Pierre-Luc Husson

Director · since 24 avril 2017 · until 17 mars 2023

Ended

Michel Vandezande SPRL

Manager · 0465.222.193

Represented by Michel Vandezande

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/05/2024
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring27/02/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates08/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates15/05/2017
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates01/03/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/11/2006
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-135,3 k €↓
2024
Annual accounts 2024-20 k €↑
2023
Annual accounts 2023-66,4 k €↓
2022
Annual accounts 2022624,2 k €↑
2021
Annual accounts 2021-416,3 k €↓
2018
Annual accounts 201811,5 k €↓
2017
Annual accounts 201723 k €↓
2016
Annual accounts 201659,3 k €↑
2015
Annual accounts 201555,4 k €↑
2014
Annual accounts 201455,1 k €↑
2013
Annual accounts 201353,8 k €↓
2012
Annual accounts 201254,7 k €↑
2011
Annual accounts 201149,5 k €↑
2010
Annual accounts 201041,7 k €↑
2009
Annual accounts 200938,9 k €↓
2008
Annual accounts 200842,8 k €
25/06/1997
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

Michel VANDEZANDE et Cie

Overview

What does Michel VANDEZANDE et Cie do?

Trend over 16 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