ACTIVE

VAANDA

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Financial year 2025 · closed on 31/12/2025

Net result

150,5 k €

+15.0% YoY

Gross margin

252,6 k €

+12.0% YoY

Equity

627,5 k €

+27.7% YoY

What does VAANDA do?

VAANDA is a Private limited company incorporated in 1999. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.617.519

Incorporation

10/03/1999

Legal form

Private limited company

Registered office

Jozef Mulsstraat 19
2170 Antwerpen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	252,6 k €	+12.0%	225,5 k €	+4.2%	216,5 k €	+39.3%	155,4 k €	+12.6%	138,1 k €	+9.5%	126,1 k €	+53.3%	82,2 k €	+266%	22,5 k €	-92.4%	294,7 k €	+242%	86,3 k €	+15.7%	74,6 k €	+32.6%	56,3 k €	-30.9%	81,5 k €	+8.6%	75 k €	+54.1%	48,7 k €	+160%	18,7 k €	-67.3%	57,3 k €	+107%	27,6 k €	+13.3%	24,4 k €	+6.0%	23 k €
EBITDA	247,7 k €	+12.2%	220,7 k €	+4.2%	211,8 k €	+39.7%	151,6 k €	+17.7%	128,8 k €	+5.2%	122,4 k €	+115%	56,8 k €	+181%	20,2 k €	-92.8%	281,4 k €	+281%	73,9 k €	+25.8%	58,7 k €	+46.0%	40,2 k €	-36.9%	63,8 k €	+4.6%	60,9 k €	+79.8%	33,9 k €	+356%	-13,3 k €	-124%	55,9 k €	+122%	25,2 k €	+10.7%	22,7 k €	+11.6%	20,4 k €
Operating result	215,8 k €	+14.6%	188,3 k €	+6.7%	176,5 k €	+48.8%	118,6 k €	+21.6%	97,5 k €	+6.3%	91,7 k €	+254%	25,9 k €	+463%	-7,1 k €	-103%	257,8 k €	+423%	49,3 k €	+96.7%	25 k €	+303%	6,2 k €	-80.6%	32,1 k €	-5.8%	34 k €	+420%	6,5 k €	+121%	-30,4 k €	-167%	45,4 k €	+195%	15,4 k €	+32.4%	11,6 k €	+109%	5,6 k €
Net result	150,5 k €	+15.0%	130,9 k €	+8.4%	120,7 k €	+48.2%	81,5 k €	+21.9%	66,8 k €	+18.2%	56,5 k €	+298%	14,2 k €	+196%	-14,7 k €	-110%	148,7 k €	+507%	24,5 k €	+249%	7 k €	+280%	-3,9 k €	-169%	5,7 k €	-30.8%	8,2 k €	+1725%	-504,4 €	-142%	1,2 k €	-92.1%	15,2 k €	-28.9%	21,4 k €	+686%	-3,6 k €	-185%	4,3 k €
Balance sheet
Equity	627,5 k €	+27.7%	491,3 k €	+36.3%	360,4 k €	-7.2%	388,4 k €	+17.2%	331,4 k €	+25.3%	264,5 k €	+27.2%	208 k €	+7.3%	193,8 k €	-7.1%	208,5 k €	+248%	59,9 k €	+69.2%	35,4 k €	+24.7%	28,4 k €	-12.1%	32,3 k €	+21.3%	26,6 k €	+44.6%	18,4 k €	-2.7%	18,9 k €	+6.8%	17,7 k €	+604%	2,5 k €	+113%	-18,8 k €	-24.0%	-15,2 k €
Total assets	749,7 k €	+15.6%	648,3 k €	+9.1%	594 k €	-6.1%	632,4 k €	+13.2%	558,7 k €	+5.3%	530,8 k €	+0.3%	529 k €	+30.7%	404,6 k €	-6.8%	434,3 k €	+7.6%	403,5 k €	-7.9%	438,3 k €	-8.2%	477,3 k €	-3.7%	495,5 k €	+3.3%	479,7 k €	-9.0%	527,2 k €	+6.0%	497,3 k €	+30.1%	382,2 k €	-1.7%	388,7 k €	+2.8%	378,1 k €	+175%	137,7 k €
Cash	134,7 k €	+87.9%	71,7 k €	-35.9%	111,8 k €	+19.3%	93,7 k €	+69.1%	55,4 k €	+5.5%	52,5 k €	+31.6%	39,9 k €	-14.7%	46,8 k €	-48.1%	90,1 k €	+574%	13,4 k €	-5.4%	14,1 k €	+33.0%	10,6 k €	+15.6%	9,2 k €	+43.2%	6,4 k €	-51.7%	13,3 k €	+190%	4,6 k €	-22.8%	5,9 k €	+21.6%	4,9 k €	+218%	1,5 k €		–
Debts	122,2 k €	-22.2%	157 k €	-32.8%	233,6 k €	-4.3%	244,1 k €	+7.3%	227,4 k €	-14.6%	266,2 k €	-17.1%	321 k €	+52.2%	210,9 k €	-6.6%	225,8 k €	-34.3%	343,7 k €	-14.7%	403 k €	-10.2%	449 k €	-3.1%	463,2 k €	+2.2%	453,1 k €	-10.9%	508,8 k €	+6.4%	478,4 k €	+31.2%	364,5 k €	-5.6%	386,2 k €	-2.7%	397 k €	+160%	152,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,3 ETP	+44.4%	0,9 ETP	-10.0%	1,0 ETP	+25.0%	0,8 ETP	+14.3%	0,7 ETP	+133%	0,3 ETP		–		–		–		–

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 31/12/2025 · 2 active · 7 ended

Active mandates

EVY VAN GENECHTEN

Director · since 01 juillet 2016

Active

Etienne Van Genechten

Director · since 01 mars 1999

Active

Ended mandates

Evy Va Genechten

Director · since 01 juillet 2016

Ended

Evy Va Genechten

Manager · since 01 juillet 2016

Ended

Marie Paule Riga

Manager · since 20 juillet 2004

Ended

Etienne Van Genechten

Director

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	14/08/2026	20/06/2025	17/06/2024	16/07/2023	17/06/2022	05/07/2021
General meeting	30/06/2026	23/05/2025	23/05/2024	30/06/2023	14/06/2022	23/05/2021
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	30/06/2026	14/08/2026	Dutch	PDF
Micro model	31/12/2024	23/05/2025	20/06/2025	Dutch	PDF
Micro model	31/12/2023	23/05/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	16/07/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	17/06/2022	Dutch	PDF
Micro model	31/12/2020	23/05/2021	05/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	05/08/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	22/07/2019	Dutch	PDF
Micro model	31/12/2017	27/06/2018	05/07/2018	Dutch	PDF
Micro model	31/12/2016	23/05/2017	07/08/2017	Dutch	PDF
Abridged model	31/12/2015	23/05/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	05/07/2014	Dutch	PDF
Abridged model	31/12/2012	23/05/2013	27/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/05/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	29/06/2008	08/10/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	24/08/2007	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 31/12/2025 · 2 active · 7 ended

Active mandates

EVY VAN GENECHTEN

Director · since 01 juillet 2016

Active

Etienne Van Genechten

Director · since 01 mars 1999

Active

Ended mandates

Evy Va Genechten

Director · since 01 juillet 2016

Ended

Evy Va Genechten

Manager · since 01 juillet 2016

Ended

Marie Paule Riga

Manager · since 20 juillet 2004

Ended

Etienne Van Genechten

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/12/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/08/2004
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/02/2004
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

2025
Annual accounts 2025150,5 k €↑
2024
Annual accounts 2024130,9 k €↑
2023
Annual accounts 2023120,7 k €↑
2022
Annual accounts 202281,5 k €↑
2021
Annual accounts 202166,8 k €↑
2020
Annual accounts 202056,5 k €↑
2019
Annual accounts 201914,2 k €↑
2018
Annual accounts 2018-14,7 k €↓
2017
Annual accounts 2017148,7 k €↑
2016
Annual accounts 201624,5 k €↑
2015
Annual accounts 20157 k €↑
2014
Annual accounts 2014-3,9 k €↓
2013
Annual accounts 20135,7 k €↓
2012
Annual accounts 20128,2 k €↑
2011
Annual accounts 2011-504,4 €↓
2010
Annual accounts 20101,2 k €↓
2009
Annual accounts 200915,2 k €↓
2008
Annual accounts 200821,4 k €↑
2007
Annual accounts 2007-3,6 k €↓
2006
Annual accounts 20064,3 k €
10/03/1999
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

VAANDA

Overview

What does VAANDA do?

Trend over 20 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