ACTIVE

VAC DE MEANDER

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Financial year 2025 · closed on 31/12/2025

Net result

4,2 M €

+8.5% YoY

Revenue

11,7 M €

+3.1% YoY

Equity

18 M €

+4.0% YoY

What does VAC DE MEANDER do?

VAC DE MEANDER is a Public limited company incorporated in 2015. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0628.888.216

Incorporation

27/04/2015

Legal form

Public limited company

Registered office

Posthofbrug 16
2600 Antwerpen · FlandreSee on map

Contributed capital

15 070 562,00 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015
Income statement
Revenue	11,7 M €	+3.1%	11,4 M €	+4.4%	10,9 M €	+7.5%	10,1 M €	+4.4%	9,7 M €	+7.5%	9 M €	+189%	3,1 M €		–		–
EBITDA	11,4 M €	+3.9%	11 M €	+3.4%	10,6 M €	+7.5%	9,9 M €	+5.3%	9,4 M €	+7.0%	8,7 M €	+183%	3,1 M €	+7912%	-39,5 k €	+73.1%	-146,7 k €
Operating result	8 M €	+5.6%	7,6 M €	+5.0%	7,3 M €	+10.3%	6,6 M €	+10.4%	6 M €	+10.1%	5,4 M €	+230%	1,6 M €	+585%	-338,3 k €	-6.4%	-318,1 k €
Net result	4,2 M €	+8.5%	3,9 M €	+9.6%	3,5 M €	-3.1%	3,6 M €	+17.8%	3,1 M €	+12.8%	2,7 M €	+162%	1 M €	+387%	-363,5 k €	+17.8%	-442,2 k €
Balance sheet
Equity	18 M €	+4.0%	17,3 M €	+2.7%	16,8 M €	+1.3%	16,6 M €	+2.7%	16,2 M €	+4.2%	15,5 M €	+1.5%	15,3 M €	+7.3%	14,3 M €	+8.7%	13,1 M €
Total assets	116,4 M €	-4.5%	121,9 M €	-1.6%	123,9 M €	-3.2%	128 M €	-0.1%	128,2 M €	-7.4%	138,5 M €	-1.9%	141,2 M €	+37.6%	102,6 M €	+103%	50,7 M €
Cash	214,9 k €	-94.7%	4 M €	+47.4%	2,7 M €	+435%	510,8 k €	+117%	234,9 k €	+0.5%	233,7 k €	+2036%	10,9 k €	-99.4%	1,9 M €	+1808%	99,3 k €
Debts	95,2 M €	-6.2%	101,5 M €	-2.5%	104 M €	-4.1%	108,4 M €	-0.8%	109,4 M €	-9.2%	120,5 M €	-2.5%	123,5 M €	+40.0%	88,3 M €	+135%	37,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 32 ended

Active mandates

René Grunenberg

Director · since 06 juin 2025 · until 07 juin 2030

Active

Christophe Hamal

Director · since 25 avril 2025 · until 07 juin 2030

Active

Philip Walter Arndt

Director · since 25 mai 2023 · until 02 juin 2028

Active

Janick Nufer

Director · since 01 décembre 2022 · until 04 juin 2027

Active

Wim Kinnet

Director · since 31 août 2021 · until 26 juin 2026

Active

Ended mandates

Alain Nicolai

Director · since 25 mai 2023 · until 23 mai 2024

Ended

Alain Nicolai

Director · since 25 mai 2023 · until 25 mai 2028

Ended

Philip Walter Arndt

Director · since 25 mai 2023 · until 25 mai 2028

Ended

Hans-Joachim Bode

Director · since 01 décembre 2022 · until 27 mai 2027

Ended

At this address

Other companies at this address

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BALOISE BELGIUM● Active	0400.048.883
B'Cover by Baloise● Active	0437.008.754
Boerhaave● Active	0667.976.345
COBEL FLANDERS● Active	0471.783.452
CREATIVE EATERY● Active	0476.897.827
J. Haenecour & Co● Active	0404.474.360
Mercator Immo● Active	0894.664.751
MERNO IMMO● Active	0400.038.886
NOORD STER● Active	0808.252.597
Pacific Real Estate● Active	0452.651.785
POSTSITE AALST A● Active	0844.402.717
POSTSITE AALST B● Active	0844.403.608
POSTSITE AALST PARKING● Active	0844.404.103
Singel Office Antwerpen● Active	0467.195.055
SOUVERAIN 25● Active	0736.430.730
VAN VAEK ZENITH IMMO● Active	0472.406.232

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	24/06/2025	09/07/2024	01/06/2023	17/06/2022	21/06/2021
General meeting	26/06/2026	06/06/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	30/05/2024	09/07/2024	Dutch	PDF
Full model	31/12/2022	25/05/2023	01/06/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	17/06/2022	Dutch	PDF
Full model	31/12/2020	27/05/2021	21/06/2021	Dutch	PDF
Full model	31/12/2019	28/05/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	07/06/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	26/05/2016	30/05/2016	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 5 active · 32 ended

Active mandates

René Grunenberg

Director · since 06 juin 2025 · until 07 juin 2030

Active

Christophe Hamal

Director · since 25 avril 2025 · until 07 juin 2030

Active

Philip Walter Arndt

Director · since 25 mai 2023 · until 02 juin 2028

Active

Janick Nufer

Director · since 01 décembre 2022 · until 04 juin 2027

Active

Wim Kinnet

Director · since 31 août 2021 · until 26 juin 2026

Active

Ended mandates

Alain Nicolai

Director · since 25 mai 2023 · until 23 mai 2024

Ended

Alain Nicolai

Director · since 25 mai 2023 · until 25 mai 2028

Ended

Philip Walter Arndt

Director · since 25 mai 2023 · until 25 mai 2028

Ended

Hans-Joachim Bode

Director · since 01 décembre 2022 · until 27 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other19/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates09/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2021
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 20254,2 M €↑
06/06/2025
nominationRené Grunenberg — bestuurder
25/04/2025
nominationChristophe Hamal — bestuurder
2024
Annual accounts 20243,9 M €↑
2023
Annual accounts 20233,5 M €↓
25/05/2023
reconductionStephan Hersperger — bestuurder
25/05/2023
reconductionAlain Nicolai — bestuurder
25/05/2023
reconductionPhilip Walter Arndt — bestuurder
2022
Annual accounts 20223,6 M €↑
01/12/2022
nominationHans-Joachim Bode — bestuurder
01/12/2022
nominationJanick Nufer — bestuurder
2021
Annual accounts 20213,1 M €↑
2018
Annual accounts 20182,7 M €↑
2017
Annual accounts 20171 M €↑
2016
Annual accounts 2016-363,5 k €↑
2015
Annual accounts 2015-442,2 k €
27/04/2015
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

VAC DE MEANDER

Overview

What does VAC DE MEANDER do?

Trend over 9 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