ACTIVE

VINDEX

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Financial year 2025 · closed on 31/12/2025

Net result

518,1 k €

-73.1% YoY

Gross margin

-119,2 k €

-53.5% YoY

Equity

40,5 M €

+1.3% YoY

What does VINDEX do?

VINDEX is a Private limited company incorporated in 2007. Its registered office is in Grobbendonk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.454.222

Incorporation

24/12/2007

Legal form

Private limited company

Registered office

Nachtegalendreef 17
2280 Grobbendonk · FlandreSee on map

Contributed capital

15 476 748,61 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-119,2 k €	-53.5%	-77,7 k €	+40.5%	-130,6 k €	-24.4%	-104,9 k €	-14.0%	-92 k €	-102%	5 M €	+1305%	358,4 k €	-4.9%	377 k €	-81.3%	2 M €	-5.7%	2,1 M €	-34.9%	3,3 M €	-35.1%	5,1 M €	+168%	1,9 M €	-12.3%	2,2 M €	-71.7%	7,6 M €	+459332%	-1,7 k €	+6.0%	-1,8 k €	+83.5%	-10,7 k €
EBITDA	-122,7 k €	-54.1%	-79,6 k €	+39.6%	-131,7 k €	-24.3%	-106 k €	-12.5%	-94,2 k €	-102%	5 M €	+1321%	354,2 k €	-5.7%	375,7 k €	-81.4%	2 M €	-5.7%	2,1 M €	-34.9%	3,3 M €	-35.1%	5,1 M €	+168%	1,9 M €	-12.3%	2,2 M €	-71.7%	7,6 M €	+296973%	-2,6 k €	-18.5%	-2,2 k €	+81.2%	-11,5 k €
Operating result	-217,7 k €	-67.7%	-129,8 k €	+5.9%	-137,8 k €	-30.1%	-106 k €	-12.5%	-94,2 k €	-102%	5 M €	+1370%	341,6 k €	+31.1%	260,6 k €	-87.1%	2 M €	-5.7%	2,1 M €	-34.9%	3,3 M €	-35.1%	5,1 M €	+168%	1,9 M €	-12.3%	2,2 M €	-71.7%	7,6 M €	+296973%	-2,6 k €	-18.5%	-2,2 k €	+81.2%	-11,5 k €
Net result	518,1 k €	-73.1%	1,9 M €	+694%	242,1 k €	-41.4%	412,9 k €	+2317%	-18,6 k €	-100%	9,3 M €	+1694%	518,4 k €	+32.9%	390,1 k €	-82.0%	2,2 M €	-4.4%	2,3 M €	-34.5%	3,5 M €	-33.7%	5,2 M €	+159%	2 M €	-13.8%	2,3 M €	-69.2%	7,6 M €	+1357%	521,6 k €	+2.2%	510,5 k €	+4.0%	491,1 k €
Balance sheet
Equity	40,5 M €	+1.3%	40 M €	+5.0%	38,1 M €	-11.1%	42,8 M €	-21.9%	54,8 M €	-0.0%	54,9 M €	+20.4%	45,6 M €	-0.5%	45,8 M €	+0.9%	45,4 M €	+5.0%	43,2 M €	+5.5%	41 M €	+7.8%	38 M €	+15.9%	32,8 M €	+4.1%	31,5 M €	+8.0%	29,1 M €	+35.3%	21,5 M €	+2.5%	21 M €	+2.5%	20,5 M €
Total assets	40,7 M €	+1.4%	40,2 M €	-5.0%	42,3 M €	-1.5%	42,9 M €	-21.8%	54,9 M €	-0.6%	55,2 M €	+19.3%	46,3 M €	+1.1%	45,8 M €	+0.9%	45,4 M €	+4.4%	43,5 M €	+5.2%	41,3 M €	+8.8%	38 M €	+13.5%	33,5 M €	+5.9%	31,6 M €	+8.0%	29,3 M €	+36.0%	21,5 M €	+2.4%	21 M €	+2.5%	20,5 M €
Cash	664,9 k €	+3.6%	641,9 k €	-84.7%	4,2 M €	+150%	1,7 M €	-92.3%	21,7 M €	-38.3%	35,1 M €	+427%	6,7 M €	-4.5%	7 M €	+5.4%	6,6 M €	-35.0%	10,2 M €	+26.3%	8,1 M €	-42.1%	13,9 M €	+113%	6,5 M €	+47.8%	4,4 M €	+7.3%	4,1 M €	+322%	975,4 k €	-4.1%	1 M €		–
Debts	229,3 k €	+18.9%	192,9 k €	-95.4%	4,2 M €	+4754%	87,1 k €	+20.1%	72,5 k €	-81.2%	386,1 k €	-48.7%	752,2 k €	+15192%	4,9 k €	+20.7%	4,1 k €	-98.4%	253,6 k €	-34.0%	384,3 k €	+6210%	6,1 k €	-99.1%	712 k €	+349%	158,5 k €	0.0%	158,5 k €		–		11,7 k €	-24.9%	15,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Ilse VANLOMMEL

Director · since 21 décembre 2007

Active

Koen VAN LOOKE

Director

Active

Ended mandates

Ilse Mevr. VANLOMMEL

Manager · since 21 décembre 2007

Ended

Ilse Van Lommel

Director · since 21 décembre 2007

Ended

Ilse VANLOMMEL

Manager · since 21 décembre 2007

Ended

At this address

Other companies at this address

Company	CBE no.
THIMO● Active	0450.882.130
VIK-IMMO● Active	0863.725.513
VVL Beheer● Active	1004.966.223
VVLM● Active	0793.768.618
VVL MANAGEMENT● Active	0759.852.567
VVLT● Active	0793.769.410

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
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	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	23/06/2026	24/07/2025	21/06/2024	07/07/2023	29/06/2022	28/06/2021
General meeting	09/06/2026	30/06/2025	11/06/2024	13/06/2023	07/06/2022	08/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	21/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	01/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/07/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	14/07/2009	05/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 ended

Active mandates

Ilse VANLOMMEL

Director · since 21 décembre 2007

Active

Koen VAN LOOKE

Director

Active

Ended mandates

Ilse Mevr. VANLOMMEL

Manager · since 21 décembre 2007

Ended

Ilse Van Lommel

Director · since 21 décembre 2007

Ended

Ilse VANLOMMEL

Manager · since 21 décembre 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/05/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/01/2014
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/01/2008
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 2025518,1 k €↓
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 2023242,1 k €↓
2022
Annual accounts 2022412,9 k €↑
23/05/2022
nominationKoen Van Looke — bijkomend statutaire bestuurder
2021
Annual accounts 2021-18,6 k €↓
2020
Annual accounts 20209,3 M €↑
2019
Annual accounts 2019518,4 k €↑
2018
Annual accounts 2018390,1 k €↓
2017
Annual accounts 20172,2 M €↓
2016
Annual accounts 20162,3 M €↓
2015
Annual accounts 20153,5 M €↓
2014
Annual accounts 20145,2 M €↑
2013
Annual accounts 20132 M €↓
2012
Annual accounts 20122,3 M €↓
2011
Annual accounts 20117,6 M €↑
2010
Annual accounts 2010521,6 k €↑
2009
Annual accounts 2009510,5 k €↑
2008
Annual accounts 2008491,1 k €
24/12/2007
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

VINDEX

Overview

What does VINDEX do?

Trend over 18 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