ACTIVE

VEDECON

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Financial year 2026 · closed on 31/03/2026

Net result

87,7 k €

-6.0% YoY

Gross margin

121 k €

-30.7% YoY

Equity

1,2 M €

+8.1% YoY

What does VEDECON do?

VEDECON is a Private limited company incorporated in 1998. Its main activity is: Non-specialised wholesale trade. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.504.503

Incorporation

05/06/1998

Legal form

Private limited company

Registered office

Hutsepotstraat 92
9052 Gent · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/03/2026

Activities (NACE)

46900Non-specialised wholesale trade· main 46900Non-specialised wholesale trade 51900Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2026		2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	121 k €	-30.7%	174,5 k €	-4.5%	182,7 k €	+13.4%	161,1 k €	+0.0%	161,1 k €	-5.7%	170,8 k €	-3.8%	177,6 k €	+11.2%	159,7 k €	+6.1%	150,5 k €	-12.5%	172 k €	-6.0%	183 k €	+21.3%	150,9 k €	+16.3%	129,7 k €	+1.8%	127,4 k €	+6.2%	120 k €	-4.6%	125,8 k €	+14.6%	109,8 k €	-6.3%	117,2 k €	+8.0%	108,5 k €
EBITDA	115 k €	-31.8%	168,6 k €	-4.7%	176,9 k €	+14.6%	154,3 k €	-1.0%	155,9 k €	-7.0%	167,5 k €	-3.7%	174 k €	+11.6%	155,9 k €	+13.6%	137,3 k €	-18.9%	169,3 k €	-6.2%	180,5 k €	+20.9%	149,3 k €	+17.6%	126,9 k €	+1.0%	125,7 k €	+6.2%	118,4 k €	-4.8%	124,3 k €	+15.9%	107,3 k €	-7.2%	115,7 k €	+7.8%	107,3 k €
Operating result	90,7 k €	-37.3%	144,8 k €	-6.4%	154,8 k €	+16.2%	133,2 k €	-1.4%	135,1 k €	-8.3%	147,3 k €	+8.8%	135,4 k €	+38.4%	97,8 k €	-19.5%	121,6 k €	-16.2%	145 k €	-7.3%	156,4 k €	+25.4%	124,7 k €	+13.7%	109,7 k €	-3.7%	113,9 k €	+14.1%	99,8 k €	-13.1%	114,9 k €	+17.9%	97,5 k €	-7.3%	105,2 k €	+8.9%	96,6 k €
Net result	87,7 k €	-6.0%	93,3 k €	-14.6%	109,2 k €	+44.1%	75,8 k €	-29.5%	107,4 k €	+31.8%	81,5 k €	-13.2%	93,9 k €	+42.7%	65,8 k €	-23.3%	85,8 k €	-0.9%	86,6 k €	-13.6%	100,3 k €	-6.4%	107,2 k €	+19.7%	89,5 k €	-4.5%	93,8 k €	-1.8%	95,5 k €	-9.8%	105,9 k €	+28.7%	82,2 k €	-11.1%	92,5 k €	+11.2%	83,2 k €
Balance sheet
Equity	1,2 M €	+8.1%	1,1 M €	+9.5%	985,4 k €	+12.5%	876,3 k €	+9.5%	800,5 k €	+3.7%	771,7 k €	+11.8%	690,3 k €	-55.2%	1,5 M €	+4.5%	1,5 M €	+6.2%	1,4 M €	+6.6%	1,3 M €	+8.3%	1,2 M €	-0.0%	1,2 M €	+8.0%	1,1 M €	+9.2%	1 M €	+11.1%	917,7 k €	+12.7%	814,2 k €	+10.9%	734,3 k €	+14.0%	644,2 k €
Total assets	1,4 M €	+2.9%	1,3 M €	+5.3%	1,3 M €	+7.3%	1,2 M €	-9.0%	1,3 M €	+8.2%	1,2 M €	-42.7%	2,1 M €	-0.1%	2,1 M €	+9.6%	1,9 M €	+12.3%	1,7 M €	+4.4%	1,6 M €	+6.1%	1,6 M €	+0.7%	1,5 M €	+25.3%	1,2 M €	+14.2%	1,1 M €	+10.8%	973,7 k €	+12.2%	867,9 k €	+13.2%	766,6 k €	+15.6%	663,2 k €
Cash	139,6 k €	+126%	61,7 k €	-24.9%	82,1 k €	-47.5%	156,5 k €	-55.8%	353,9 k €	+80.4%	196,2 k €	-79.7%	967,8 k €	-8.8%	1,1 M €	+4.8%	1 M €	-8.4%	1,1 M €	+19.0%	929,9 k €	+12.0%	830,3 k €	+6.6%	779,1 k €	+33.5%	583,5 k €	+61.2%	362 k €	-5.1%	381,2 k €	+265%	104,5 k €	+60.4%	65,2 k €	-53.5%	140,2 k €
Debts	208,9 k €	-18.0%	254,7 k €	-10.3%	283,8 k €	-8.3%	309,4 k €	-39.0%	507 k €	+15.3%	439,8 k €	-69.1%	1,4 M €	+147%	575,4 k €	+26.4%	455,1 k €	+37.9%	330,2 k €	-3.9%	343,6 k €	-1.2%	347,7 k €	+2.2%	340,3 k €	+188%	118 k €	+103%	58,1 k €	+5.2%	55,2 k €	+4.6%	52,8 k €	+69.4%	31,2 k €	+76.7%	17,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 2 ended

Active mandates

Patrick Vandenberghe

Director · since 26 mai 1998

Active

Ended mandates

Patrick VANDENBERGHE

Manager · since 18 juin 1998

Ended

Patrick Vandenberghe

Director

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/09/2026	20/10/2025	31/10/2024	31/10/2023	28/10/2022	14/12/2021
General meeting	03/09/2026	04/09/2025	25/10/2024	27/10/2023	02/09/2022	02/09/2021
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	31/03/2026	03/09/2026	14/09/2026	Dutch	PDF
Micro model	31/03/2025	04/09/2025	20/10/2025	Dutch	PDF
Micro model	31/03/2024	25/10/2024	31/10/2024	Dutch	PDF
Micro model	31/03/2023	27/10/2023	31/10/2023	Dutch	PDF
Micro model	31/03/2022	02/09/2022	28/10/2022	Dutch	PDF
Micro model	31/03/2021	02/09/2021	14/12/2021	Dutch	PDF
Micro model	31/03/2020	03/09/2020	30/11/2020	Dutch	PDF
Micro model	31/03/2019	26/09/2019	31/10/2019	Dutch	PDF
Micro model	31/03/2018	27/09/2018	29/10/2018	Dutch	PDF
Micro model	31/03/2017	07/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	01/09/2016	31/10/2016	Dutch	PDF
Abridged model	31/03/2015	03/09/2015	07/10/2015	Dutch	PDF
Abridged model	31/03/2014	04/09/2014	24/09/2014	Dutch	PDF
Abridged model	31/03/2013	26/09/2013	22/10/2013	Dutch	PDF
Abridged model	31/03/2012	06/09/2012	05/10/2012	Dutch	PDF
Abridged model	31/03/2011	01/09/2011	23/09/2011	Dutch	PDF
Abridged model	31/03/2010	02/09/2010	20/09/2010	Dutch	PDF
Abridged model	31/03/2009	03/10/2009	29/10/2009	Dutch	PDF
Abridged model	31/03/2008	02/10/2008	24/11/2008	Dutch	PDF
Abridged model	31/03/2007	04/10/2007	26/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/03/2026 · 1 active · 2 ended

Active mandates

Patrick Vandenberghe

Director · since 26 mai 1998

Active

Ended mandates

Patrick VANDENBERGHE

Manager · since 18 juin 1998

Ended

Patrick Vandenberghe

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/06/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/11/2018
KAPITAAL - AANDELEN
PDF
Capital / shares07/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office23/01/2004
MAATSCHAPPELIJKE ZETEL
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

2026
Annual accounts 202687,7 k €↓
2025
Annual accounts 202593,3 k €↓
2024
Annual accounts 2024109,2 k €↑
2023
Annual accounts 202375,8 k €↓
2022
Annual accounts 2022107,4 k €↑
2020
Annual accounts 202081,5 k €↓
2019
Annual accounts 201993,9 k €↑
2018
Annual accounts 201865,8 k €↓
2017
Annual accounts 201785,8 k €↓
2016
Annual accounts 201686,6 k €↓
2015
Annual accounts 2015100,3 k €↓
2014
Annual accounts 2014107,2 k €↑
2013
Annual accounts 201389,5 k €↓
2012
Annual accounts 201293,8 k €↓
2011
Annual accounts 201195,5 k €↓
2010
Annual accounts 2010105,9 k €↑
2009
Annual accounts 200982,2 k €↓
2008
Annual accounts 200892,5 k €↑
2007
Annual accounts 200783,2 k €
05/06/1998
IncorporationPrivate 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

VEDECON

Overview

What does VEDECON 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