NADACO
Board
6 directors, last change in 2022ALRO BV
Director (not named in the articles), permanent representative BERVOETS Gert Marie-Louise Jozef
since 19-12-2022
term without a fixed end
also on the board of 22 other companies
listed in the 2025 annual accounts, filed on 25-09-2026
ARO BV
Director (not named in the articles), permanent representative HOUTEVELS Michaël Jannick
since 19-12-2022
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 25-09-2026
Director (not named in the articles), permanent representative BOECKX Laurens Evarist
since 19-12-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 25-09-2026
Director (not named in the articles), permanent representative NAPOLITANO Salvatore Vincenzo
since 19-12-2022
term without a fixed end
also on the board of 11 other companies
listed in the 2025 annual accounts, filed on 25-09-2026
TAKING WAVES BV
Director (not named in the articles), permanent representative SEGERS Frank Jean Irma
since 19-12-2022
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 25-09-2026
Director (not named in the articles)
since 19-12-2022
term without a fixed end
earlier manager, until 23-12-2022
listed in the 2025 annual accounts, filed on 25-09-2026
Permanent representatives 5
BOECKX Laurens Evarist
Permanent representative, for DE LONKENDE LENTE
appointed by deed of 23-12-2022
NAPOLITANO Salvatore Vincenzo
Permanent representative, for HENRI ESSERS EN ZONEN INTERNATIONAAL TRANSPORT
appointed by deed of 23-12-2022
Mandates through the years
7 names, the dashed line is todayVANDERSCHAEGHE Natalie Jenny André
Director (not named in the articles)
Director (not named in the articles)
ALRO
Director (not named in the articles)
Director (not named in the articles)
ARO
Director (not named in the articles)
Director (not named in the articles)
DE LONKENDE LENTE
Director (not named in the articles)
Director (not named in the articles)
HENRI ESSERS EN ZONEN INTERNATIONAAL TRANSPORT
Director (not named in the articles)
Director (not named in the articles)
TAKING WAVES
Director (not named in the articles)
Director (not named in the articles)
Davy Macquoi
Director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
- VANDERSCHAEGHE Natalie Jenny André
- Director (not named in the articles), from 10-05-2012 to date
- Manager, until 23-12-2022
- ALRO
- Director (not named in the articles), from 19-12-2022 to date
- ARO
- Director (not named in the articles), from 19-12-2022 to date
- DE LONKENDE LENTE
- Director (not named in the articles), from 19-12-2022 to date
- HENRI ESSERS EN ZONEN INTERNATIONAAL TRANSPORT
- Director (not named in the articles), from 19-12-2022 to date
- TAKING WAVES
- Director (not named in the articles), from 19-12-2022 to date
- Davy Macquoi
- Director, until 28-12-2020
Control
51%
This company
NADACO
Equity €3.6m
Profit €26,654 in 2025
Further up the chainMAN@THEWHEEL 99%Man@TheWheel BV consolidates
Capital
- Contribution
- €3,641,200
- Shares
- 89,383
- Contribution per share
- €40.74
- Equity per share
- €40.49 in 2025
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- ARO
- DE LONKENDE LENTE
- TAKING WAVES
- MAN@THEWHEEL
Source: parent in its own accounts, lists of holdings in the owners' accounts
Articles of association
deed of 23-12-2022 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 4 directorsAt most 6 directors
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 10:00
Shareholders
4 ownersOwners 4
- AROparentEquity €42.5m Profit of €6.1m in 2025 (profit of €109,106 in 2024) Checked score 95Sourceaccounts ARO 202551%
- Man@TheWheel BVconsolidating parentconsolidates
- Equity €174,860 Profit of €31,487 in 2025 (profit of €40,162 in 2024)8.15%
- Equity €82,935 Profit of €51,466 in 2025 (profit of €33,750 in 2024) Checked score 953.26%
Capital transactions
Shareholders according to the deeds
Contribution
deed of 13-07-2026 ↗
- ARO 5,005 shares · €69,993.01 in cash
- Vanderschaeghe Natalie 1,787 shares · €24,990.51 in cash
- TAKING WAVES 357 shares · €4,992.51 in cash
- DE LONKENDE LENTE 2,860 shares · €39,996 in cash
After the capital increase
deed of 23-12-2022 ↗
- VANDERSCHAEGHE Natalie Jenny André 17,119 shares · €470,000 in cash
- Taking Waves (BE 0727.986.681) 2,914 shares · €80,000 in cash
- DE LONKENDE LENTE (BE 0781.999.251) 7,285 shares · €200,000 in cash
- ARO (BE 0465.554.369) 45,529 shares · €1,250,000 in cash
Capital over time
Deed of 13-07-2026Capital contribution of €139,972.03Contributions: ARO (€69,993.01, 5,005 shares); Vanderschaeghe Natalie (€24,990.51, 1,787 shares); TAKING WAVES (€4,992.51, 357 shares); and 1 other · 10,009 new shares · General meeting of 26-06-2026
- 23-12-2022 Converted to unavailable equity · €1,641,200
- 23-12-2022 Capital increase of €2,000,000 · in cash