ACTIVE

VERMANDELE

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Financial year 2025 · closed on 31/12/2025

Net result

364,8 k €

-58.7% YoY

Gross margin

2,3 M €

-26.4% YoY

Equity

3,1 M €

+13.4% YoY

Workforce

18,8 ETP

-1.6% YoY

What does VERMANDELE do?

VERMANDELE is a Private limited company incorporated in 2003. Its main activity is: Raising of dairy cattle. Its registered office is in Oostrozebeke. It employs on average 18,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.257.787

Incorporation

20/05/2003

Legal form

Private limited company

Registered office

Krommelingstraat 8
8780 Oostrozebeke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

18,8 ETP

Activities (NACE)

01410Raising of dairy cattle· main 81300Landscape service activities 81300Landscape service activities 41003Construction of buildings 42990Construction of other civil engineering projects n.e.c.49410Freight transport by road+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	2,3 M €	-26.4%	3,1 M €	+73.9%	1,8 M €	+15.2%	1,5 M €	+59.0%	968,1 k €	-15.0%	1,1 M €	-11.5%	1,3 M €	-1.4%	1,3 M €	+1.9%	1,3 M €	+17.3%	1,1 M €	+17.8%	926,4 k €	+23.3%	751,1 k €	+36.9%	548,6 k €	+17.5%	466,8 k €	-14.6%	546,5 k €	+46.8%	372,2 k €	+7.6%	345,8 k €	+24.9%	276,9 k €	+15.7%	239,3 k €	+34.9%	177,3 k €
EBITDA	1,1 M €	-34.5%	1,7 M €	+76.1%	965,4 k €	+27.9%	754,9 k €	+106%	366,8 k €	-24.4%	485,1 k €	+2.1%	475,2 k €	+6.3%	447,1 k €	-0.7%	450,1 k €	+26.9%	354,7 k €	+18.0%	300,7 k €	+54.3%	194,9 k €	+18.7%	164,2 k €	-4.1%	171,1 k €	+6.1%	161,3 k €	+10.5%	145,9 k €	+0.8%	144,9 k €	+51.9%	95,4 k €	+28.2%	74,4 k €	+14.1%	65,2 k €
Operating result	589,8 k €	-53.7%	1,3 M €	+100%	636,6 k €	+18.5%	537,2 k €	+226%	164,6 k €	-41.0%	278,9 k €	+24.7%	223,6 k €	-2.1%	228,5 k €	+11.4%	205,2 k €	+29.2%	158,8 k €	+60.6%	98,9 k €	+138%	41,5 k €	-10.4%	46,3 k €	-18.7%	57 k €	+3.6%	55 k €	+79.8%	30,6 k €	+9.5%	27,9 k €	-6.6%	29,9 k €	+17.0%	25,6 k €	+41.4%	18,1 k €
Net result	364,8 k €	-58.7%	882,7 k €	+96.5%	449,3 k €	+15.2%	390,1 k €	+268%	106 k €	-48.1%	204,3 k €	+28.6%	158,9 k €	+10.1%	144,3 k €	+9.6%	131,7 k €	+39.3%	94,5 k €	+38.6%	68,2 k €	+215%	21,6 k €	+17.3%	18,4 k €	+15.6%	16 k €	-33.9%	24,2 k €	+55.9%	15,5 k €	-42.6%	27 k €	+34.0%	20,1 k €	+28.2%	15,7 k €	+56.4%	10 k €
Balance sheet
Equity	3,1 M €	+13.4%	2,7 M €	+47.9%	1,8 M €	+32.3%	1,4 M €	+36.2%	1 M €	+11.6%	916,2 k €	+28.7%	712 k €	+28.7%	553,1 k €	+6.1%	521,3 k €	+33.8%	389,6 k €	+32.0%	295,1 k €	+30.1%	226,8 k €	+10.5%	205,2 k €	+3.0%	199,3 k €	+8.7%	183,3 k €	+15.2%	159,1 k €	+10.8%	143,6 k €	+23.1%	116,6 k €	+20.9%	96,5 k €	+19.5%	80,8 k €
Total assets	6,9 M €	+6.1%	6,5 M €	+60.5%	4 M €	+11.4%	3,6 M €	+53.4%	2,4 M €	+0.4%	2,3 M €	-1.2%	2,4 M €	+4.8%	2,3 M €	+21.4%	1,9 M €	+39.9%	1,3 M €	-0.5%	1,3 M €	+26.5%	1,1 M €	+0.4%	1,1 M €	+1.4%	1 M €	+6.9%	975 k €	+143%	400,7 k €	-13.7%	464,1 k €	+25.4%	370,2 k €	+25.1%	295,9 k €	+20.1%	246,5 k €
Cash	474,1 k €	-35.0%	729,5 k €	+102%	360,9 k €	+0.2%	360,3 k €	+5.8%	340,4 k €	+123%	152,7 k €	-47.7%	292,2 k €	+3.2%	283,3 k €	+28.8%	220 k €	+35.5%	162,4 k €	+85.5%	87,5 k €	-7.4%	94,6 k €	-20.5%	118,9 k €	+36.7%	87 k €	-32.5%	128,8 k €	+61.6%	79,7 k €	-55.1%	177,5 k €	+40.6%	126,2 k €	-9.1%	138,8 k €	+24.2%	111,7 k €
Debts	3,7 M €	+1.1%	3,7 M €	+72.6%	2,1 M €	-2.2%	2,2 M €	+67.1%	1,3 M €	-6.4%	1,4 M €	-15.0%	1,7 M €	-2.8%	1,7 M €	+29.0%	1,3 M €	+45.3%	905,6 k €	-11.2%	1 M €	+25.2%	814,9 k €	-2.1%	832,2 k €	+1.0%	824,3 k €	+11.8%	737,3 k €	+230%	223,5 k €	-24.8%	297,2 k €	+36.5%	217,7 k €	+9.4%	198,9 k €	+20.4%	165,2 k €
Other
Workforce	18,8 ETP	-1.6%	19,1 ETP	+38.4%	13,8 ETP	+13.1%	12,2 ETP	+6.1%	11,5 ETP	-14.8%	13,5 ETP	-18.2%	16,5 ETP	-11.3%	18,6 ETP	-0.5%	18,7 ETP	+14.0%	16,4 ETP	+13.9%	14,4 ETP	+23.1%	11,7 ETP	+28.6%	9,1 ETP	+13.7%	8,0 ETP	0.0%	8,0 ETP	+3.9%	7,7 ETP	+28.3%	6,0 ETP	+1.7%	5,9 ETP	-9.2%	6,5 ETP	+66.7%	3,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

VerLoMa

Director · since 05 janvier 2026 · 1030.841.071

Represented by RUBEN VERMANDELE

Active

Ended mandates

MARC VERMANDELE

Manager · since 01 janvier 2005

Ended

MARC VERMANDELE

Associate · since 01 janvier 2005

Ended

RUBEN VERMANDELE

Director · since 07 mai 2003

Ended

RUBEN VERMANDELE

Manager · since 07 mai 2003

Ended

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	01/01/2021	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	13/07/2026	30/06/2025	28/06/2024	20/07/2023	12/08/2022	14/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	30/06/2023	11/08/2022	18/06/2021
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	31/12/2025	19/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	11/08/2022	12/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 4 ended

Active mandates

VerLoMa

Director · since 05 janvier 2026 · 1030.841.071

Represented by RUBEN VERMANDELE

Active

Ended mandates

MARC VERMANDELE

Manager · since 01 janvier 2005

Ended

MARC VERMANDELE

Associate · since 01 janvier 2005

Ended

RUBEN VERMANDELE

Director · since 07 mai 2003

Ended

RUBEN VERMANDELE

Manager · since 07 mai 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2022
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares02/07/2018
KAPITAAL - AANDELEN
PDF
Registered office27/03/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2005
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 2025364,8 k €↓
2024
Annual accounts 2024882,7 k €↑
2023
Annual accounts 2023449,3 k €↑
2022
Annual accounts 2022390,1 k €↑
2021
Annual accounts 2021106 k €↓
2020
Annual accounts 2020204,3 k €↑
2019
Annual accounts 2019158,9 k €↑
2018
Annual accounts 2018144,3 k €↑
2017
Annual accounts 2017131,7 k €↑
2016
Annual accounts 201694,5 k €↑
2015
Annual accounts 201568,2 k €↑
2014
Annual accounts 201421,6 k €↑
2013
Annual accounts 201318,4 k €↑
2012
Annual accounts 201216 k €↓
2011
Annual accounts 201124,2 k €↑
2010
Annual accounts 201015,5 k €↓
2009
Annual accounts 200927 k €↑
2008
Annual accounts 200820,1 k €↑
2007
Annual accounts 200715,7 k €↑
2006
Annual accounts 200610 k €
20/05/2003
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

VERMANDELE

Overview

What does VERMANDELE 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