ACTIVE

Vandapower Group

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Financial year 2025 · closed on 31/12/2025
Net result
88,4 k €
+34.4% YoY
Gross margin
728,8 k €
-27.3% YoY
Equity
1,2 M €
+7.8% YoY
Workforce
9,8 ETP
0.0% YoY

What does Vandapower Group do?

Vandapower Group is a Public limited company incorporated in 2014. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 9,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0554.836.139
Incorporation
27/06/2014
Legal form
Public limited company
Registered office
Poortakkerstraat 93
9051 Gent · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
9,8 ETP
Activities (NACE)
64200Activities of holding companies· main64210Activities of holding companies
Joint committees (1)
  • 200
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252025202420232022202120202019201820172016
Income statement
Gross margin728,8 k €1 M €1 M €729,8 k €675,8 k €704,8 k €764,2 k €635,5 k €715,2 k €231,5 k €227,5 k €
EBITDA192,4 k €203 k €249,8 k €163,7 k €211,4 k €469 k €582,2 k €527,1 k €569,7 k €231,3 k €145,3 k €
Operating result181,4 k €186,4 k €230,6 k €130 k €187,9 k €459,4 k €577,6 k €526,8 k €569,4 k €231,3 k €145,3 k €
Net result88,4 k €65,8 k €92,6 k €34,9 k €130,4 k €2,1 M €397,4 k €356,6 k €350,5 k €103,4 k €744,3 k €
Balance sheet
Equity1,2 M €1,1 M €1,1 M €976,6 k €941,6 k €811,2 k €2 M €1,6 M €1,2 M €960,2 k €856,8 k €
Total assets3,6 M €3,5 M €3,6 M €3,9 M €4,7 M €3 M €2,4 M €2,4 M €2,4 M €2,4 M €2,3 M €
Cash801,2 €944,2 €–1,7 k €621,2 k €16,2 k €35,4 k €7,6 k €12,7 k €6,3 k €3,9 k €
Debts2,4 M €2,4 M €2,6 M €2,8 M €3,8 M €2,2 M €406,4 k €738,6 k €1,1 M €1,4 M €1,5 M €
Other
Workforce9,8 ETP9,8 ETP9,8 ETP8,3 ETP6,8 ETP4,4 ETP3,3 ETP2,0 ETP1,1 ETP–0,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

AIM

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0553.951.954

Represented by Dieter Aelvoet

Active
UST

Persoon belast met dagelijks bestuur · since 30 septembre 2020 · 0628.767.955

Represented by Stijn Uitterhaegen

Active

Ended mandates

AIM

Director · since 30 septembre 2020 · 0553.951.954

Represented by Dieter Aelvoet

Ended
UST

Manager · since 11 mai 2015 · 0628.767.955

Represented by Stijn Uitterhaegen

Ended
UST

Director · since 11 mai 2015 · until 30 septembre 2020 · 0628.767.955

Represented by Stijn Uitterhaegen

Ended
UST

Manager · since 11 mai 2015 · 0628.767.955

Represented by Stijn Uitterhaegen

Ended
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Annual accounts

Full financial information

202520252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year9 months12 months12 months12 months12 months12 months
Filing date03/07/202615/10/202516/10/202427/10/202327/10/202212/05/2021
General meeting26/06/202626/09/202527/09/202429/09/202330/09/202230/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202603/07/2026DutchPDF
Abridged model31/03/202526/09/202515/10/2025DutchPDF
Abridged model31/03/202427/09/202416/10/2024DutchPDF
Abridged model31/03/202329/09/202327/10/2023DutchPDF
Abridged model31/03/202230/09/202227/10/2022DutchPDF
Abridged model31/03/202130/04/202112/05/2021DutchPDF
Abridged model31/03/202025/09/202027/10/2020DutchPDF
Abridged model31/03/201927/09/201910/10/2019DutchPDF
Abridged model31/03/201828/09/201816/10/2018DutchPDF
Abridged model31/03/201729/09/201706/10/2017DutchPDF
Abridged model31/03/201630/09/201603/10/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 12 ended

Active mandates

AIM

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0553.951.954

Represented by Dieter Aelvoet

Active
UST

Persoon belast met dagelijks bestuur · since 30 septembre 2020 · 0628.767.955

Represented by Stijn Uitterhaegen

Active

Ended mandates

AIM

Director · since 30 septembre 2020 · 0553.951.954

Represented by Dieter Aelvoet

Ended
UST

Manager · since 11 mai 2015 · 0628.767.955

Represented by Stijn Uitterhaegen

Ended
UST

Director · since 11 mai 2015 · until 30 septembre 2020 · 0628.767.955

Represented by Stijn Uitterhaegen

Ended
UST

Manager · since 11 mai 2015 · 0628.767.955

Represented by Stijn Uitterhaegen

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other22/01/2026
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office24/09/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/11/2020
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates17/10/2019
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office21/03/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares08/01/2018
    KAPITAAL - AANDELEN
    PDF
  • Mandates30/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/08/2016
    BENAMING
    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

Timeline

  1. 2025
    Annual accounts 202588,4 k €↑
  2. 2025
    Annual accounts 202565,8 k €↓
  3. 2024
    Annual accounts 202492,6 k €↑
  4. 2023
    Annual accounts 202334,9 k €↓
  5. 2022
    Annual accounts 2022130,4 k €↓
  6. 2021
    Annual accounts 20212,1 M €↑
  7. 2020
    Annual accounts 2020397,4 k €↑
  8. 2019
    Annual accounts 2019356,6 k €↑
  9. 2018
    Annual accounts 2018350,5 k €↑
  10. 2017
    Annual accounts 2017103,4 k €↓
  11. 2016
    Annual accounts 2016744,3 k €
  12. 27/06/2014
    IncorporationPublic limited company