ACTIVE

EMANDENDI

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Financial year 2025 · closed on 31/12/2025

Net result

10,2 k €

-93.5% YoY

Revenue

2,4 M €

-8.1% YoY

Equity

48,3 M €

-0.3% YoY

Workforce

7,5 ETP

+17.2% YoY

What does EMANDENDI do?

EMANDENDI is a Public limited company incorporated in 1997. Its main activity is: Activities of holding companies. Its registered office is in Schilde. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.944.583

Incorporation

21/11/1997

Legal form

Public limited company

Registered office

Sint Jobsteenweg 64
2970 Schilde · FlandreSee on map

Contributed capital

24 846 930,80 €

Latest accounts

31/12/2025

Average workforce

7,5 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities 74151Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	2,4 M €	-8.1%	2,6 M €	-7.7%	2,9 M €	+10.0%	2,6 M €	+7.8%	2,4 M €	+36.5%	1,8 M €	-20.8%	2,2 M €	+0.7%	2,2 M €	+4.5%	2,1 M €	-0.8%	2,1 M €	-9.6%	2,4 M €	+11.0%	2,1 M €	-8.0%	2,3 M €	-7.1%	2,5 M €	+83.9%	1,4 M €	-0.9%	1,4 M €	-11.6%	1,5 M €	-1.2%	1,6 M €	+27.1%	1,2 M €
EBITDA	376,8 k €	-38.4%	611,7 k €	-38.2%	989,6 k €	+19.4%	828,6 k €	+4.0%	797,1 k €	+258%	222,9 k €	-61.2%	574 k €	+14.1%	503,2 k €	+6.5%	472,4 k €	-11.8%	535,5 k €	-17.2%	646,8 k €	-4.3%	675,7 k €	-9.9%	749,8 k €	-27.2%	1 M €	+159%	398,1 k €	+28.2%	310,6 k €	+65.3%	187,9 k €	-60.8%	478,7 k €	+168%	178,4 k €
Operating result	355,1 k €	-39.3%	584,8 k €	-40.4%	981,8 k €	+20.1%	817,7 k €	+2.7%	796 k €	+257%	222,9 k €	-61.2%	574 k €	+15.6%	496,3 k €	+5.1%	472,4 k €	-11.8%	535,5 k €	-17.2%	646,8 k €	-4.3%	675,7 k €	-9.9%	749,8 k €	-27.2%	1 M €	+159%	398,1 k €	+28.2%	310,6 k €	+65.3%	187,9 k €	-60.8%	478,7 k €	+168%	178,4 k €
Net result	10,2 k €	-93.5%	158,4 k €	-70.8%	543,1 k €	+14.6%	473,8 k €	-4.2%	494,8 k €	+4431%	-11,4 k €	-104%	274,6 k €	-97.5%	10,8 M €	+14911%	71,7 k €	-98.9%	6,3 M €	+95.4%	3,2 M €	+6322%	50,1 k €	-26.9%	68,6 k €	-71.2%	237,7 k €	+220%	-198,3 k €	-913%	24,4 k €	+17229%	140,8 €	-100.0%	716,8 k €	-61.2%	1,8 M €
Balance sheet
Equity	48,3 M €	-0.3%	48,4 M €	+0.3%	48,3 M €	+0.8%	47,9 M €	+0.7%	47,5 M €	+0.8%	47,2 M €	-0.3%	47,3 M €	+0.3%	47,2 M €	+129%	20,6 M €	+0.3%	20,5 M €	+44.2%	14,2 M €	+29.2%	11 M €	+0.5%	11 M €	+0.6%	10,9 M €	+2.2%	10,7 M €	-1.8%	10,9 M €	+0.2%	10,8 M €	+65.7%	6,5 M €	+12.3%	5,8 M €
Total assets	62,4 M €	+9.7%	56,8 M €	-0.2%	56,9 M €	-0.6%	57,3 M €	-1.6%	58,2 M €	-2.6%	59,8 M €	-7.4%	64,5 M €	+6.6%	60,5 M €	+6.5%	56,8 M €	-10.2%	63,3 M €	+29.2%	49 M €	-12.9%	56,2 M €	+15.3%	48,7 M €	+24.9%	39 M €	+7.0%	36,5 M €	+2.8%	35,5 M €	+8.1%	32,8 M €	+5.5%	31,1 M €	+7.2%	29 M €
Cash	16,5 k €	-26.6%	22,5 k €	-47.4%	42,7 k €	+766%	4,9 k €	-97.9%	230,4 k €	+119%	105,2 k €	-72.1%	377 k €	+232%	113,7 k €	-89.9%	1,1 M €	+274%	300,5 k €	+4.8%	286,7 k €	-57.4%	673,6 k €	+198%	226,3 k €	+378%	47,3 k €	-63.8%	130,9 k €	+609%	18,5 k €	+1002%	1,7 k €		–		–
Debts	14,1 M €	+67.4%	8,4 M €	-3.0%	8,7 M €	-8.0%	9,4 M €	-11.7%	10,7 M €	-15.2%	12,6 M €	-26.9%	17,2 M €	+29.1%	13,3 M €	-63.2%	36,2 M €	-15.2%	42,7 M €	+23.2%	34,7 M €	-23.2%	45,1 M €	+19.7%	37,7 M €	+35.0%	27,9 M €	+11.1%	25,1 M €	+4.1%	24,2 M €	+11.5%	21,7 M €	-11.3%	24,4 M €	+8.1%	22,6 M €
Other
Workforce	7,5 ETP	+17.2%	6,4 ETP	-21.0%	8,1 ETP	+5.2%	7,7 ETP	+16.7%	6,6 ETP	-18.5%	8,1 ETP	-4.7%	8,5 ETP	-12.4%	9,7 ETP	+3.2%	9,4 ETP	-1.1%	9,5 ETP	-1.0%	9,6 ETP	-6.8%	10,3 ETP	-4.6%	10,8 ETP	+5.9%	10,2 ETP	-1.9%	10,4 ETP	+10.6%	9,4 ETP	-15.3%	11,1 ETP	-2.6%	11,4 ETP	+29.5%	8,8 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 31/12/2025 · 5 active · 35 ended

Active mandates

Axel Vervoordt

Managing director · since 23 juin 2023 · until 13 mars 2029

Active

DUURZAAM INVESTEREN

Director · since 23 juin 2023 · until 13 mars 2029 · 0867.723.297

Represented by Richard Vervoordt

Active

international contemporary photography and art gallery

Director · since 23 juin 2023 · until 13 mars 2029 · 0860.672.189

Represented by Boris Vervoordt

Active

Maria Schelkens

Director · since 23 juin 2023 · until 13 mars 2029

Active

Marleen De Wolf

Director · since 23 juin 2023 · until 13 mars 2029

Active

Ended mandates

international contemporary photography and art gallery

Director · since 23 juin 2023 · until 13 mars 2029 · 0860.672.189

Represented by Boris Vervoordt

Ended

Axel Vervoordt

Managing director · since 30 juin 2022 · until 14 mars 2028

Ended

DUURZAAM INVESTEREN

Director · since 30 juin 2022 · until 14 mars 2028 · 0867.723.297

Represented by Richard Vervoordt

Ended

international contemporary photography and art gallery

Director · since 30 juin 2022 · until 14 mars 2028 · 0860.672.189

Represented by Boris Vervoordt

Ended

At this address

Other companies at this address

Company	CBE no.
Aedificandi● Active	0419.899.241
AXEL VERVOORDT ART & ANTIQUES● Active	0415.573.734
EMANDENDI INVESTMENT● Active	0738.862.955
INSPIRATUM● Active	0477.254.846
KASTEEL VAN 'S-GRAVENWEZEL● Active	0427.701.110
Rendre Heureux● Active	1042.124.844

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
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	12/06/2026	11/07/2025	27/06/2024	16/06/2023	25/07/2022	09/09/2021
General meeting	31/05/2026	30/06/2025	31/05/2024	19/05/2023	30/06/2022	01/01/9999
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

37 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/05/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
m120-f-p	31/12/2024	07/11/2025	14/11/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	27/06/2024	Dutch	PDF
m120-f-p	31/12/2023	30/08/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	16/06/2023	Dutch	PDF
m120-f-p	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
m120-f-p	31/12/2021	31/08/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
m120-f-p	31/12/2020	01/01/9999	09/09/2021	Dutch	PDF
Full model	31/12/2019	09/07/2020	12/08/2020	Dutch	PDF
m120-f-p	31/12/2019	01/01/9999	22/02/2021	Dutch	PDF
Full model	31/12/2018	26/04/2019	18/06/2019	Dutch	PDF
m120-f-p	31/12/2018	16/05/2019	19/07/2019	Dutch	PDF
Full modelCorrection	31/12/2017	24/04/2018	05/07/2018	Dutch	PDF
Full model	31/12/2017	24/04/2018	01/06/2018	Dutch	PDF
m120-f-p	31/12/2017	24/04/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	18/04/2017	03/07/2017	Dutch	PDF
m122-f-p	31/12/2016	18/04/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	19/04/2016	26/05/2016	Dutch	PDF
m122-f-p	31/12/2015	19/04/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	25/04/2015	15/07/2015	Dutch	PDF
m122-f-p	31/12/2014	25/04/2015	12/06/2015	Dutch	PDF

View all 37 filings

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 31/12/2025 · 5 active · 35 ended

Active mandates

Axel Vervoordt

Managing director · since 23 juin 2023 · until 13 mars 2029

Active

DUURZAAM INVESTEREN

Director · since 23 juin 2023 · until 13 mars 2029 · 0867.723.297

Represented by Richard Vervoordt

Active

international contemporary photography and art gallery

Director · since 23 juin 2023 · until 13 mars 2029 · 0860.672.189

Represented by Boris Vervoordt

Active

Maria Schelkens

Director · since 23 juin 2023 · until 13 mars 2029

Active

Marleen De Wolf

Director · since 23 juin 2023 · until 13 mars 2029

Active

Ended mandates

international contemporary photography and art gallery

Director · since 23 juin 2023 · until 13 mars 2029 · 0860.672.189

Represented by Boris Vervoordt

Ended

Axel Vervoordt

Managing director · since 30 juin 2022 · until 14 mars 2028

Ended

DUURZAAM INVESTEREN

Director · since 30 juin 2022 · until 14 mars 2028 · 0867.723.297

Represented by Richard Vervoordt

Ended

international contemporary photography and art gallery

Director · since 30 juin 2022 · until 14 mars 2028 · 0860.672.189

Represented by Boris Vervoordt

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates25/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/08/2018
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/07/2016
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates27/05/2016
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 202510,2 k €↓
30/06/2025
reconductionHLB Dodémont - Van Impe & C° BV — commissaris
2024
Annual accounts 2024158,4 k €↓
2023
Annual accounts 2023543,1 k €↑
2022
Annual accounts 2022473,8 k €↓
30/06/2022
reconductionCox Guy — commissaris
30/06/2022
reconductionVervoordt Axel — bestuurder
30/06/2022
reconductionDe Wolf Marleen — bestuurder
30/06/2022
reconductionSchelkens Maria — bestuurder
30/06/2022
reconductionVervoordt Boris — bestuurder
30/06/2022
reconductionVervoordt Richard — bestuurder
2021
Annual accounts 2021494,8 k €↑
2020
Annual accounts 2020-11,4 k €↓
2019
Annual accounts 2019274,6 k €↓
2018
Annual accounts 201810,8 M €↑
2017
Annual accounts 201771,7 k €↓
2016
Annual accounts 20166,3 M €↑
2015
Annual accounts 20153,2 M €↑
2014
Annual accounts 201450,1 k €↓
2013
Annual accounts 201368,6 k €↓
2012
Annual accounts 2012237,7 k €↑
2011
Annual accounts 2011-198,3 k €↓
2010
Annual accounts 201024,4 k €↑
2009
Annual accounts 2009140,8 €↓
2008
Annual accounts 2008716,8 k €↓
2007
Annual accounts 20071,8 M €
21/11/1997
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

EMANDENDI

Overview

What does EMANDENDI do?

Trend over 19 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