ACTIVE

Vendis Capital III

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Financial year 2025 · Closed on 31/12/2025

Net result-34,9 M €-55,4 %over 1 year
Gross margin-4,7 M €+2,5 %over 1 year
Equity214,4 M €-11,8 %over 1 year

Identity

Source · BCE/KBO

Vendis Capital III is a Limited partnership incorporated in 2019. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Machelen (Brab.).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0728.763.176
Incorporation
21/06/2019
Legal form
Limited partnership
Registered office
Jan Mommaertslaan 22
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
298 018 908,90 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin-4,7 M €-4,9 M €-6,4 M €-6,4 M €-6,1 M €
EBITDA-4,7 M €-4,9 M €-6,5 M €-6,4 M €-6,1 M €
Operating result-4,7 M €-4,9 M €-6,5 M €-6,4 M €-6,1 M €
Net result-34,9 M €-22,5 M €-5,2 M €-5,3 M €-5,6 M €
Balance sheet
Equity214,4 M €243,2 M €212 M €163,3 M €138,5 M €
Total assets214,6 M €243,4 M €212,1 M €163,9 M €138,5 M €
Cash2,2 M €3,6 M €13,3 M €2 M €5 M €
Debts147,8 k €196,9 k €144,4 k €635,6 k €6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

V3 GP

Director · 0728.469.505

Represented by Cedric Olbrechts

Active

Ended mandates

V3 GP

Director · 0728.469.505

Represented by Cedric Olbrechts

Ended
V3 GP

Manager · 0728.469.505

Represented by Cedric Olbrechts

Ended

Other companies at this address

Jan Mommaertslaan 22 1831 Machelen (Brab.)
CompanyCBE 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 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
Vendis Capital Investment Pool IV B● Active
1008.065.273

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202119/06/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months19 months
Filing date27/05/202620/05/202522/05/202423/05/202317/05/202226/05/2021
General meeting28/04/202622/04/202523/04/202425/04/202326/04/202227/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/04/202627/05/2026DutchPDF
Abridged model31/12/202422/04/202520/05/2025DutchPDF
Abridged model31/12/202323/04/202422/05/2024DutchPDF
Abridged model31/12/202225/04/202323/05/2023DutchPDF
Abridged model31/12/202126/04/202217/05/2022DutchPDF
Abridged model31/12/202027/04/202126/05/2021DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

V3 GP

Director · 0728.469.505

Represented by Cedric Olbrechts

Active

Ended mandates

V3 GP

Director · 0728.469.505

Represented by Cedric Olbrechts

Ended
V3 GP

Manager · 0728.469.505

Represented by Cedric Olbrechts

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares16/07/2020
    DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Other16/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other23/07/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other25/06/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025-34,9 M €↓
  2. 22/04/2025
    reconductionEY Bedrijfsrevisoren BV — commissaris
  3. 2024
    Annual accounts 2024-22,5 M €↓
  4. 2023
    Annual accounts 2023-5,2 M €↑
  5. 2022
    Annual accounts 2022-5,3 M €↑
  6. 26/04/2022
    reconductionEY Bedrijfsrevisoren BV — commissaris
  7. 2021
    Annual accounts 2021-5,6 M €↑
  8. 2020
    Annual accounts 2020-10,1 M €
  9. 21/06/2019
    IncorporationLimited partnership