VOLUNTARY DISSOLUTION - LIQUIDATION

VENDIS CAPITAL

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Financial year 2025 · closed on 31/12/2025

Net result

-13,2 k €

+31.6% YoY

Gross margin

-13,5 k €

+55.6% YoY

Equity

6,1 M €

-0.2% YoY

Company — Voluntary dissolution - liquidation.

What does VENDIS CAPITAL do?

VENDIS CAPITAL is a Public limited company incorporated in 2009. Its main activity is: Activities of holding companies. Its registered office is in Machelen (Brab.).

Legal situation

● Voluntary dissolution - liquidation

BCE/KBO no. / VAT

BE 0819.787.778

Incorporation

16/10/2009

Legal form

Public limited company

Registered office

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

Contributed capital

20 801 073,85 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	-13,5 k €	+55.6%	-30,4 k €	-100%	16,1 M €	+279%	4,2 M €	+11960%	35,2 k €	+108%	-421,9 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-13,5 k €	+55.6%	-30,4 k €	+95.5%	-682 k €	-116%	4,2 M €	+11960%	35,2 k €	+108%	-422,8 k €	+9.3%	-466,1 k €	+60.9%	-1,2 M €	-100%	283 M €	+28674%	-990,6 k €	+13.9%	-1,2 M €	+7.6%	-1,2 M €	-110%	12,7 M €	+746%	-2 M €	+9.3%	-2,2 M €	-2.6%	-2,1 M €	-7.0%	-2 M €
Operating result	-13,5 k €	+55.6%	-30,4 k €	+95.5%	-682 k €	-116%	4,2 M €	+11960%	35,2 k €	+108%	-438,1 k €	+6.0%	-466,1 k €	+60.9%	-1,2 M €	-100%	283 M €	+28667%	-990,6 k €	+13.9%	-1,2 M €	+7.6%	-1,2 M €	-110%	12,7 M €	+746%	-2 M €	+9.3%	-2,2 M €	-2.6%	-2,1 M €	-7.0%	-2 M €
Net result	-13,2 k €	+31.6%	-19,3 k €	-101%	3,1 M €	-28.7%	4,4 M €	+78606%	-5,5 k €	+98.6%	-407,3 k €	+94.9%	-7,9 M €	-213%	7 M €	-97.5%	284,2 M €	+1495%	17,8 M €	+1671%	1 M €	-1.5%	1 M €	-93.1%	14,8 M €	+84136%	-17,6 k €	+98.8%	-1,5 M €	+5.9%	-1,6 M €	+8.3%	-1,7 M €
Balance sheet
Equity	6,1 M €	-0.2%	6,1 M €	-0.3%	6,1 M €	-67.7%	19,1 M €	+29.6%	14,7 M €	-0.0%	14,7 M €	-2.7%	15,1 M €	-34.4%	23 M €	+0.1%	23 M €	-57.2%	53,8 M €	+25.4%	42,9 M €	-47.2%	81,1 M €	+11.5%	72,7 M €	-7.9%	78,9 M €	+91.3%	41,3 M €	+54.7%	26,7 M €	+20.1%	22,2 M €
Total assets	6,1 M €	-2.2%	6,3 M €	-0.4%	6,3 M €	-67.5%	19,3 M €	+30.2%	14,8 M €	-0.2%	14,9 M €	-3.6%	15,4 M €	-33.9%	23,3 M €	-79.0%	111,2 M €	+106%	53,9 M €	-17.8%	65,5 M €	-19.3%	81,2 M €	+11.5%	72,9 M €	-7.8%	79 M €	+91.3%	41,3 M €	+54.8%	26,7 M €	+19.4%	22,4 M €
Cash	363,5 k €	-28.4%	507,5 k €	+491%	85,9 k €	-70.3%	289,7 k €	+4.2%	278 k €	+11.8%	248,8 k €	-68.1%	780,3 k €	-40.9%	1,3 M €	+6.5%	1,2 M €	-68.3%	3,9 M €	+58.5%	2,5 M €	-8.2%	2,7 M €	+154%	1,1 M €	-48.6%	2,1 M €	+24.7%	1,7 M €	+837%	176,4 k €	-97.7%	7,7 M €
Debts	9,3 k €	-88.9%	83,6 k €	-8.4%	91,3 k €	-60.5%	231,3 k €	+141%	95,8 k €	-15.0%	112,7 k €	-44.7%	204 k €	+9.2%	186,8 k €	-99.8%	88,1 M €	+20256353%	434,9 €	-100.0%	22,5 M €	+772115%	2,9 k €	-83.7%	18 k €	-82.0%	100 k €	+102%	49,5 k €	+490%	8,4 k €	-93.9%	138,2 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 58 ended

Active mandates

VCM CONSULT

Liquidator · since 14 octobre 2021 · 0774.475.219

Represented by Michiel Deturck

Active

Ended mandates

Cedric Olbrechts

Director · since 28 avril 2020 · until 13 octobre 2021

Ended

Cedric Olbrechts

Director · since 28 avril 2020 · until 28 avril 2026

Ended

Emiel Lathouwers

Director · since 28 avril 2020 · until 13 octobre 2021

Ended

Emiel Lathouwers

Director · since 28 avril 2020 · until 28 avril 2026

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 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
Vendis Capital Investment Pool IV B● Active	1008.065.273

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2021
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	14/10/2021	01/01/2021
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	13/10/2021
Length of the financial year	12 months	12 months	12 months	12 months	3 months	10 months
Filing date	27/05/2026	20/05/2025	22/05/2024	23/05/2023	17/05/2022	11/05/2022
General meeting	28/04/2026	22/04/2025	23/04/2024	–	–	–
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/04/2026	27/05/2026	Dutch	PDF
Abridged model	31/12/2024	22/04/2025	20/05/2025	Dutch	PDF
Abridged model	31/12/2023	23/04/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	—	23/05/2023	Dutch	PDF
Abridged model	31/12/2021	—	17/05/2022	Dutch	PDF
Abridged model	13/10/2021	—	11/05/2022	Dutch	PDF
Full model	31/12/2020	27/04/2021	26/05/2021	Dutch	PDF
Full model	31/12/2019	28/04/2020	27/05/2020	Dutch	PDF
Full model	31/12/2018	23/04/2019	14/05/2019	Dutch	PDF
Full model	31/12/2017	24/04/2018	22/05/2018	Dutch	PDF
Full model	31/12/2016	25/04/2017	31/05/2017	Dutch	PDF
Full model	31/12/2015	26/04/2016	25/05/2016	Dutch	PDF
Full model	31/12/2014	28/04/2015	05/05/2015	Dutch	PDF
Full model	31/12/2013	22/04/2014	02/06/2014	Dutch	PDF
Full model	31/12/2012	23/04/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	26/04/2012	07/05/2012	Dutch	PDF
Full model	31/12/2010	28/04/2011	23/05/2011	Dutch	PDF

Estimate

Indicative valuation

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 · 58 ended

Active mandates

VCM CONSULT

Liquidator · since 14 octobre 2021 · 0774.475.219

Represented by Michiel Deturck

Active

Ended mandates

Cedric Olbrechts

Director · since 28 avril 2020 · until 13 octobre 2021

Ended

Cedric Olbrechts

Director · since 28 avril 2020 · until 28 avril 2026

Ended

Emiel Lathouwers

Director · since 28 avril 2020 · until 13 octobre 2021

Ended

Emiel Lathouwers

Director · since 28 avril 2020 · until 28 avril 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/08/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Court decision22/11/2021
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Mandates27/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2018
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 2025-13,2 k €↑
22/04/2025
reconductionEY Bedrijfsrevisoren BV — commissaris
2024
Annual accounts 2024-19,3 k €↓
2023
Annual accounts 20233,1 M €↓
2022
Annual accounts 20224,4 M €↑
26/04/2022
reconductionEY Bedrijfsrevisoren BV — commissaris
2021
Annual accounts 2021-5,5 k €↑
2021
Annual accounts 2021-407,3 k €↑
2020
Annual accounts 2020-7,9 M €↓
2019
Annual accounts 20197 M €↓
2018
Annual accounts 2018284,2 M €↑
2017
Annual accounts 201717,8 M €↑
2016
Annual accounts 20161 M €↓
2015
Annual accounts 20151 M €↓
2014
Annual accounts 201414,8 M €↑
2013
Annual accounts 2013-17,6 k €↑
2012
Annual accounts 2012-1,5 M €↑
2011
Annual accounts 2011-1,6 M €↑
2010
Annual accounts 2010-1,7 M €
16/10/2009
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

Overview

What does VENDIS CAPITAL do?

Trend over 17 financial years

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