ACTIVE

VENDIS CAPITAL MANAGEMENT

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

764,1 k €

+242.0% YoY

Gross margin

4,9 M €

+54.7% YoY

Equity

3,3 M €

+30.5% YoY

Workforce

8,6 ETP

-38.6% YoY

What does VENDIS CAPITAL MANAGEMENT do?

VENDIS CAPITAL MANAGEMENT is a Public limited company incorporated in 2012. Its main activity is: Office administrative and support activities. Its registered office is in Machelen (Brab.). It employs on average 8,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0500.657.778

Incorporation

08/11/2012

Legal form

Public limited company

Registered office

Jan Mommaertslaan 22
1831 Machelen (Brab.) · FlandreSee on map

Contributed capital

125 002,00 €

Latest accounts

31/12/2024

Average workforce

8,6 ETP

Activities (NACE)

82100Office administrative and support activities· main 82110Combined office administrative service activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.82100Office administrative and support activities 82110Combined office administrative service activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	4,9 M €	+54.7%	3,1 M €	+12.2%	2,8 M €	-17.5%	3,4 M €	+10.4%	3,1 M €	+66.8%	1,8 M €	+2.3%	1,8 M €	+8.7%	1,7 M €	+124%	738,3 k €	+47.5%	500,4 k €	+31.4%	380,7 k €	-28.7%	534,2 k €
EBITDA	1,8 M €	+355%	394,9 k €	-8.6%	432 k €	-68.1%	1,4 M €	+22.7%	1,1 M €	+113%	517,8 k €	-17.6%	628,1 k €	-34.5%	959,1 k €	+4553%	20,6 k €	-22.6%	26,6 k €	+59.1%	16,7 k €	-57.7%	39,6 k €
Operating result	955,3 k €	+234%	286 k €	-6.3%	305,3 k €	-75.4%	1,2 M €	+22.4%	1 M €	+138%	425,6 k €	-23.1%	553,2 k €	-38.8%	904 k €	+6008%	-15,3 k €	-2.1%	-15 k €	-11.5%	-13,4 k €	-430%	4,1 k €
Net result	764,1 k €	+242%	223,4 k €	-36.1%	349,7 k €	-59.7%	868,2 k €	+16.3%	746,3 k €	+165%	281,5 k €	-46.0%	521,2 k €	-39.8%	866 k €	+4034%	-22 k €	+10.5%	-24,6 k €	-42.7%	-17,2 k €	-126%	-7,6 k €
Balance sheet
Equity	3,3 M €	+30.5%	2,5 M €	+9.8%	2,3 M €	+18.1%	1,9 M €	+81.6%	1,1 M €	+235%	317,7 k €	+778%	36,2 k €	+13.2%	32 k €	+162%	-51,5 k €	-74.7%	-29,5 k €	-505%	-4,9 k €	-139%	12,4 k €
Total assets	7,5 M €	+112%	3,5 M €	+9.5%	3,2 M €	-1.7%	3,3 M €	+18.1%	2,8 M €	+14.5%	2,4 M €	+132%	1 M €	-15.8%	1,2 M €	+119%	566 k €	+38.2%	409,4 k €	+170%	151,6 k €	-24.5%	200,8 k €
Cash	897,6 k €	+58.3%	566,9 k €	-60.1%	1,4 M €	-32.3%	2,1 M €	+5.5%	2 M €	+2.0%	2 M €	+247%	562,5 k €	+34.8%	417,4 k €	+28.8%	324 k €	+65.7%	195,5 k €	+861%	20,3 k €	-21.6%	26 k €
Debts	4,2 M €	+311%	1 M €	+8.6%	940,5 k €	-30.1%	1,3 M €	-21.4%	1,7 M €	-18.7%	2,1 M €	+109%	1 M €	-16.6%	1,2 M €	+95.8%	617,5 k €	+40.7%	438,9 k €	+180%	156,5 k €	-17.0%	188,5 k €
Other
Workforce	8,6 ETP	-38.6%	14,0 ETP	-0.7%	14,1 ETP	+9.3%	12,9 ETP	-0.8%	13,0 ETP	+20.4%	10,8 ETP	+8.0%	10,0 ETP	+38.9%	7,2 ETP	-2.7%	7,4 ETP	+60.9%	4,6 ETP	+39.4%	3,3 ETP	-13.2%	3,8 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 31/12/2024 · 5 active · 17 ended

Active mandates

Dominique Gaillard

Director · since 15 juillet 2025

Active

GINKO

Director · since 15 juillet 2025 · 0472.670.508

Represented by Cédric Olbrechts

Active

Michiel Deturck

Director · since 15 juillet 2025

Active

Willem Van Aelten

Director · since 15 juillet 2025

Active

Fsmbe

Director · 0740.500.473

Represented by Vincent Braams

Active

Ended mandates

Fsmbe

Director · since 15 juin 2020 · 0740.500.473

Represented by Vincent Braams

Ended

VENDIS MANAGEMENT BVBA

Director · since 15 juin 2020 · 0819.671.972

Represented by Cedric Olbrechts

Ended

Willem Van Aelten

Manager · since 20 novembre 2012 · until 31 juillet 2018

Ended

Cedric Olbrechts

Director

Ended

At this address

Other companies at this address

Company	CBE no.
AddRetail● Bankrupt	0641.968.962
CATHIE ASSOCIATES● Active	0871.376.932
Cathie Associates Holding● Active	0886.739.851
MVCI● Active	0786.866.869
NET FUND EUROPE● Active	0465.995.423
V3 Finance● Active	0736.673.626
V3 FLP● Active	0728.482.668
V3 GP● Active	0728.469.505
V4 CIV● Active	1007.508.316
V4 COV● Active	1009.185.426
V4 GP● Active	1007.309.168
V4 TM● Active	1022.415.830
VCD GP● Active	1033.762.355
VCM CONSULT● Active	0774.475.219
VENDIS CAPITAL● Liquidation	0819.787.778
VENDIS CAPITAL II● Active	0507.663.851
Vendis Capital III● Active	0728.763.176
VENDIS CAPITAL INVESTMENT POOL● Liquidation	0508.669.483
VENDIS CAPITAL INVESTMENT POOL II● Active	0633.696.743
Vendis Capital Investment Pool IV A● Active	1008.065.570

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/11/2025	08/07/2024	06/09/2023	16/06/2022	29/06/2021	29/06/2020
General meeting	20/11/2025	16/05/2024	19/05/2023	19/05/2022	20/05/2021	22/05/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	20/11/2025	28/11/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	06/09/2023	Dutch	PDF
Abridged model	31/12/2021	19/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	22/05/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	16/05/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	17/05/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	18/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	19/05/2016	27/06/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	02/07/2014	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 31/12/2024 · 5 active · 17 ended

Active mandates

Dominique Gaillard

Director · since 15 juillet 2025

Active

GINKO

Director · since 15 juillet 2025 · 0472.670.508

Represented by Cédric Olbrechts

Active

Michiel Deturck

Director · since 15 juillet 2025

Active

Willem Van Aelten

Director · since 15 juillet 2025

Active

Fsmbe

Director · 0740.500.473

Represented by Vincent Braams

Active

Ended mandates

Fsmbe

Director · since 15 juin 2020 · 0740.500.473

Represented by Vincent Braams

Ended

VENDIS MANAGEMENT BVBA

Director · since 15 juin 2020 · 0819.671.972

Represented by Cedric Olbrechts

Ended

Willem Van Aelten

Manager · since 20 novembre 2012 · until 31 juillet 2018

Ended

Cedric Olbrechts

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates17/06/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/06/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates30/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/08/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates08/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/12/2017
KAPITAAL - AANDELEN
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

2024
Annual accounts 2024764,1 k €↑
2023
Annual accounts 2023223,4 k €↓
2022
Annual accounts 2022349,7 k €↓
2021
Annual accounts 2021868,2 k €↑
2020
Annual accounts 2020746,3 k €↑
2019
Annual accounts 2019281,5 k €↓
2018
Annual accounts 2018521,2 k €↓
2017
Annual accounts 2017866 k €↑
2016
Annual accounts 2016-22 k €↑
2015
Annual accounts 2015-24,6 k €↓
2014
Annual accounts 2014-17,2 k €↓
2013
Annual accounts 2013-7,6 k €
08/11/2012
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

VENDIS CAPITAL MANAGEMENT

Overview

What does VENDIS CAPITAL MANAGEMENT do?

Trend over 12 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