ACTIVE

VERTIMAC

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Financial year 2025 · closed on 30/09/2025

Net result

1 M €

-30.0% YoY

Revenue

62,9 M €

-4.0% YoY

Equity

23,8 M €

+4.8% YoY

Workforce

104,9 ETP

+12.3% YoY

What does VERTIMAC do?

VERTIMAC is a Private limited company incorporated in 2011. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Waregem. It employs on average 104,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.103.781

Incorporation

01/04/2011

Legal form

Private limited company

Registered office

Industrielaan 30
8790 Waregem · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

30/09/2025

Average workforce

104,9 ETP

Activities (NACE)

46644Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46694Wholesale of other machinery and equipment 46620Wholesale of machine tools 46620Wholesale of machine tools 46630Wholesale of mining, construction and civil engineering machinery 46630Wholesale of mining, construction and civil engineering machinery+4

Joint committees (5)

100
149
14904
200
2000

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2015		2014		2013		2012
Income statement
Revenue	62,9 M €	-4.0%	65,5 M €	+9.8%	59,7 M €	+14.9%	51,9 M €	+26.6%	41 M €	+16.6%	35,2 M €	-7.5%	38 M €	-17.2%	45,9 M €	+141%	19 M €	+8.6%	17,5 M €	+20.0%	14,6 M €		–
EBITDA	18,7 M €	+10.1%	17 M €	-12.6%	19,4 M €	+22.6%	15,8 M €	+80.7%	8,8 M €	+21.3%	7,2 M €	+7.6%	6,7 M €	+4.8%	6,4 M €	+153%	2,5 M €	-12.8%	2,9 M €	+34.8%	2,2 M €	+37.3%	1,6 M €
Operating result	3,6 M €	-3.5%	3,8 M €	-60.4%	9,5 M €	+61.1%	5,9 M €	+1038%	516,5 k €	-61.5%	1,3 M €	-50.0%	2,7 M €	-41.3%	4,6 M €	+91.7%	2,4 M €	-12.9%	2,7 M €	+38.3%	2 M €	+77.8%	1,1 M €
Net result	1 M €	-30.0%	1,5 M €	-73.7%	5,6 M €	+49.6%	3,8 M €	+16782%	-22,6 k €	-103%	711,8 k €	-57.1%	1,7 M €	-43.8%	3 M €	+70.5%	1,7 M €	-13.6%	2 M €	+42.7%	1,4 M €	+114%	656,3 k €
Balance sheet
Equity	23,8 M €	+4.8%	22,7 M €	+7.0%	21,2 M €	+36.3%	15,6 M €	+63.9%	9,5 M €	-0.2%	9,5 M €	+8.1%	8,8 M €	+23.3%	7,1 M €	+70.6%	4,2 M €	+38.0%	3 M €	+78.5%	1,7 M €	+122%	765,3 k €
Total assets	84,2 M €	+1.9%	82,6 M €	+24.5%	66,4 M €	+26.0%	52,7 M €	+3.1%	51,1 M €	-4.0%	53,2 M €	+27.1%	41,9 M €	+62.7%	25,7 M €	+142%	10,6 M €	+44.9%	7,3 M €	+18.6%	6,2 M €	+32.9%	4,7 M €
Cash	2,9 M €	+458%	525,3 k €	-91.0%	5,8 M €	+28.3%	4,6 M €	+103%	2,2 M €	+9.5%	2 M €	-46.4%	3,8 M €	+522%	615,5 k €	+268%	167,1 k €	-50.7%	338,9 k €	-58.6%	818,4 k €	+230%	247,7 k €
Debts	60 M €	+0.5%	59,7 M €	+32.4%	45,1 M €	+21.7%	37,1 M €	-10.8%	41,6 M €	-4.8%	43,7 M €	+32.2%	33 M €	+77.9%	18,6 M €	+190%	6,4 M €	+50.2%	4,3 M €	-4.9%	4,5 M €	+16.4%	3,9 M €
Other
Workforce	104,9 ETP	+12.3%	93,4 ETP	+27.9%	73,0 ETP	+16.6%	62,6 ETP	+27.0%	49,3 ETP	+7.6%	45,8 ETP	+13.6%	40,3 ETP	+67.2%	24,1 ETP	+31.0%	18,4 ETP	+80.4%	10,2 ETP	+64.5%	6,2 ETP	+226%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 9 ended

Active mandates

EVALEX

Director · since 14 mars 2024 · 0791.262.454

Represented by Mathieu Naessens

Active

FJV

Director · since 14 mars 2024 · 0791.262.355

Represented by Naessens FRÉDÉRIC

Active

PALTI

Director · since 14 mars 2024 · 0791.631.747

Represented by Palumbo Mehdi

Active

LANDO MANAGEMENT

Director · since 04 mars 2023 · 0834.887.116

Represented by Ghistelinck KAREL

Active

D.F.M.

Director · since 01 mars 2013 · 0445.454.979

Represented by Dirk Naessens

Active

Ended mandates

LANDO MANAGEMENT

Director · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

LANDO MANAGEMENT

Manager · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

LANDO MANAGEMENT

Manager · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

LANDO MANAGEMENT

Manager · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

At this address

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WeLift● Active	0682.481.409

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/04/2026	24/03/2025	15/04/2024	17/03/2023	31/03/2022	30/04/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	04/03/2023	07/03/2022	01/03/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	02/03/2026	02/04/2026	Dutch	PDF
Full model	30/09/2024	03/03/2025	24/03/2025	Dutch	PDF
Full model	30/09/2023	04/03/2024	15/04/2024	Dutch	PDF
Full model	30/09/2022	04/03/2023	17/03/2023	Dutch	PDF
Full model	30/09/2021	07/03/2022	31/03/2022	Dutch	PDF
Full model	30/09/2020	01/03/2021	30/04/2021	Dutch	PDF
Full model	30/09/2019	02/03/2020	02/04/2020	Dutch	PDF
Full model	30/09/2018	04/03/2019	29/03/2019	Dutch	PDF
Full model	30/09/2017	05/03/2018	27/03/2018	Dutch	PDF
Full model	31/12/2015	06/06/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	23/06/2015	Dutch	PDF
Full modelCorrection	31/12/2013	25/03/2014	08/10/2014	Dutch	PDF
Full model	31/12/2013	25/03/2014	25/03/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	06/06/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 30/09/2025 · 5 active · 9 ended

Active mandates

EVALEX

Director · since 14 mars 2024 · 0791.262.454

Represented by Mathieu Naessens

Active

FJV

Director · since 14 mars 2024 · 0791.262.355

Represented by Naessens FRÉDÉRIC

Active

PALTI

Director · since 14 mars 2024 · 0791.631.747

Represented by Palumbo Mehdi

Active

LANDO MANAGEMENT

Director · since 04 mars 2023 · 0834.887.116

Represented by Ghistelinck KAREL

Active

D.F.M.

Director · since 01 mars 2013 · 0445.454.979

Represented by Dirk Naessens

Active

Ended mandates

LANDO MANAGEMENT

Director · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

LANDO MANAGEMENT

Manager · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

LANDO MANAGEMENT

Manager · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

LANDO MANAGEMENT

Manager · since 06 juin 2017 · until 06 juin 2023 · 0834.887.116

Represented by Karel Ghistelinck

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/04/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other27/12/2016
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/04/2013
ALGEMENE VERGADERING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares23/11/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Registered office22/12/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other05/04/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251 M €↓
2024
Annual accounts 20241,5 M €↓
14/03/2024
nominationDFM — niet-statutaire bestuurder
14/03/2024
nominationLANDO MANAGEMENT — niet-statutaire bestuurder
14/03/2024
nominationFJV — niet-statutaire bestuurder
14/03/2024
nominationEVALEX — niet-statutaire bestuurder
14/03/2024
nominationPALTI — niet-statutaire bestuurder
14/03/2024
autreNaessens Dirk
14/03/2024
autreD.F.M.
14/03/2024
autreNaessens Mathieu
14/03/2024
autreNaessens Frédéric
14/03/2024
autreGhistelinck Karel
14/03/2024
autrePalumbo Mehdi
2023
Annual accounts 20235,6 M €↑
2022
Annual accounts 20223,8 M €↑
2020
Annual accounts 2020-22,6 k €↓
2019
Annual accounts 2019711,8 k €↓
2018
Annual accounts 20181,7 M €↓
2017
Annual accounts 20173 M €↑
2015
Annual accounts 20151,7 M €↓
2014
Annual accounts 20142 M €↑
2013
Annual accounts 20131,4 M €↑
2012
Annual accounts 2012656,3 k €
01/04/2011
IncorporationPrivate 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

VERTIMAC

Overview

What does VERTIMAC 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