VANDACK TREE
InactiveInactive since 29-08-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
79 d early
2024
84 d early
2023
26 d early
2022
165 d early
2021
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 77 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Renting and operating of own or leased residential real estate, excluding social housing sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€2.0m▲ 1.6%
2024 · €2.0m
Total assets
€2.8m▼ 0.6%
2024 · €2.8m
Net result
€32,636▼ 14.8%
2024 · €38,312
Working capital
€1.0m▲ 1.2%
2024 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,293-€8,906▼ 67.4%-€7,894€43,212€22,580▼ 47.7%
Net result€18,715within the sector's middle half-€6,053within the sector's middle half▼ 67.7%€280within the sector's middle half▼ 95.4%€38,312above the sector's middle half▲ 13,575%€32,636within the sector's middle half▼ 14.8%
Equity€23,715within the sector's middle half-€29,768within the sector's middle half▲ 25.5%€1.9mabove the sector's middle half▲ 6,419%€2.0mabove the sector's middle half▲ 2.0%€2.0mabove the sector's middle half▲ 1.6%
Total assets€41,320below the sector's middle half-€32,922below the sector's middle half▼ 20.3%€2.9mabove the sector's middle half▲ 8,769%€2.8mabove the sector's middle half▼ 3.3%€2.8mabove the sector's middle half▼ 0.6%
Debt€17,604-€3,154▼ 82.1%€979,241▲ 30,949%€843,774▼ 13.8%€795,520▼ 5.7%
Working capital€21,155within the sector's middle half-€29,768within the sector's middle half▲ 40.7%€1.1mabove the sector's middle half▲ 3,674%€1.0mabove the sector's middle half▼ 9.8%€1.0mabove the sector's middle half▲ 1.2%
Solvency57.4%within the sector's middle half-90.4%above the sector's middle half▲ 33.0pp66.5%above the sector's middle half▼ 24.0pp70.1%above the sector's middle half▲ 3.6pp71.7%above the sector's middle half▲ 1.6pp
Current ratio2.38within the sector's middle half-10.44above the sector's middle half▲ 8.0627.39above the sector's middle half35.86above the sector's middle half▲ 8.48
Return on assets (ROA)45.3%above the sector's middle half-18.4%above the sector's middle half▼ 26.9pp0.0%within the sector's middle half▼ 18.4pp1.4%within the sector's middle half▲ 1.3pp1.2%within the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€1.8m ▼ 1.0%
Current assets
€1.1m ▲ 0.3%
Equity and liabilities €2.8m
Equity
€2.0m ▲ 1.6%
Debt
€795,520 ▼ 5.7%
Debt's share of the balance-sheet total falls from 29.9% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,868▼
2024 · €61,500
Cash flow
€50,924▼
2024 · €56,600
Debt to equity
0.40▼
2024 · 0.43
ROE
1.6%▼
2024 · 1.9%
Interest coverage
1.72▲
2024 · 1.62
Debt ≤ 1 year
€29,392▼
2024 · €38,392
Debt > 1 year
€764,437▼
2024 · €803,696
Income taxes
€11,031▲
2024 · €9,845
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €57 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,997 | - | €18,288 | €18,288 | €18,288 | = |
| Other operating charges640/8 | - | €1,077 | €12,029 | €7,768 | €9,408 | ▲ 21.1% |
| Non-recurring operating charges66A | - | €3,268 | €0 | - | - | - |
| Gross operating margin9900 | €30,965 | €13,251 | €22,423 | €69,267 | €50,276 | ▼ 27.4% |
| Operating profit (loss)9901 | €27,293 | €8,906 | -€7,894 | €43,212 | €22,580 | ▼ 47.7% |
| Financial income75/76B | - | €254 | €25,491 | €42,891 | €44,838 | ▲ 4.5% |
| Recurring financial income75 | - | €254 | €25,491 | €42,891 | €44,838 | ▲ 4.5% |
| Financial charges65/66B | - | €686 | €17,221 | €37,947 | €23,751 | ▼ 37.4% |
| Recurring financial charges65 | €998 | €686 | €17,221 | €37,947 | €23,751 | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | €26,295 | €8,474 | €375 | €48,157 | €43,668 | ▼ 9.3% |
| Income taxes67/77 | €7,580 | €2,421 | €95 | €9,845 | €11,031 | ▲ 12.1% |
| Profit (loss) for the period9904 | €18,715 | €6,053 | €280 | €38,312 | €32,636 | ▼ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €18,715 | €6,053 | €280 | €38,312 | €32,636 | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,320 | €32,922 | €2.9m | €2.8m | €2.8m | ▼ 0.6% |
| Fixed assets21/28 | €4,823 | - | €1.8m | €1.8m | €1.8m | ▼ 1.0% |
| Tangible fixed assets22/27 | €4,823 | - | €1.8m | €1.8m | €1.8m | ▼ 1.0% |
| Land and buildings22 | - | - | €1.8m | €1.8m | €1.8m | ▼ 1.0% |
| Current assets29/58 | €36,496 | €32,922 | €1.1m | €1.1m | €1.1m | ▲ 0.3% |
| Amounts receivable after more than one year29 | - | - | €99,978 | €0 | - | - |
| Other amounts receivable291 | - | - | €99,978 | €0 | - | - |
| Stocks and contracts in progress3 | - | - | €138,408 | €0 | - | - |
| Stocks30/36 | - | - | €138,408 | €0 | - | - |
| Amounts receivable within one year40/41 | €11,078 | €25,042 | €559,802 | €715,513 | €682,353 | ▼ 4.6% |
| Trade receivables40 | - | - | - | - | €2,735 | - |
| Other amounts receivable41 | - | €25,042 | €559,802 | €715,513 | €679,618 | ▼ 5.0% |
| Current investments50/53 | - | - | €300,000 | €167,200 | €130,000 | ▼ 22.2% |
| Cash at bank and in hand54/58 | €23,942 | €7,249 | €30,392 | €167,646 | €239,926 | ▲ 43.1% |
| Deferred charges and accrued income490/1 | - | €630 | €1,691 | €1,044 | €1,796 | ▲ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,320 | €32,922 | €2.9m | €2.8m | €2.8m | ▼ 0.6% |
| Equity10/15 | €23,715 | €29,768 | €1.9m | €2.0m | €2.0m | ▲ 1.6% |
| Contributions10/11 | - | €5,000 | €1.8m | €1.8m | €1.8m | = |
| Reserves13 | €18,715 | €24,768 | €179,374 | €217,686 | €250,322 | ▲ 15.0% |
| Distributable reserves133 | - | €24,768 | €179,374 | €217,686 | €250,322 | ▲ 15.0% |
| Amounts payable17/49 | €17,604 | €3,154 | €979,241 | €843,774 | €795,520 | ▼ 5.7% |
| Amounts payable after more than one year17 | €2,263 | - | €969,817 | €803,696 | €764,437 | ▼ 4.9% |
| Other amounts payable178/9 | - | - | €969,817 | €803,696 | €764,437 | ▼ 4.9% |
| Amounts payable within one year42/48 | €15,341 | €3,154 | €6,926 | €38,392 | €29,392 | ▼ 23.4% |
| Trade debts44 | €1,854 | €624 | €569 | €4,154 | €1,025 | ▼ 75.3% |
| Suppliers440/4 | - | €624 | €569 | €4,154 | €1,025 | ▼ 75.3% |
| Taxes, remuneration and social security45 | - | €2,530 | €6,358 | €12,111 | €11,778 | ▼ 2.7% |
| Taxes450/3 | - | €2,530 | €6,358 | €12,111 | €11,778 | ▼ 2.7% |
| Other amounts payable47/48 | - | - | - | €22,127 | €16,589 | ▼ 25.0% |
| Accrued charges and deferred income492/3 | - | - | €2,498 | €1,685 | €1,691 | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,715 | €6,053 | €280 | €38,312 | €32,636 | ▼ 14.8% |
| + Depreciation and write-downs630 | €2,997 | - | €18,288 | €18,288 | €18,288 | = |
| Operating cash flow (approximation) | €21,712 | €6,053 | €18,568 | €56,600 | €50,924 | ▼ 10.0% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€16,693 | €23,143 | €137,254 | €72,279 | ▼ 47.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
General meeting · MergerResignation: Katelijn Vandaele (director) · Declaration6 facts ▸
State Gazette act
General meeting · Merger
Resignation: Katelijn Vandaele (director) · Declaration6 facts ▸
- General meeting, 16-07-2026
- Merger, fusie door overneming, goedkeuring fusievoorstel door algemene vergadering van overnemende en overgenomen vennootschap
- Declaration, verzaking opmaak verslagen fusievoorstel, artikelen 12:25 en 12:26 WVV
- Declaration, kennisname verslagen inbreng in natura, artikel 5:133, §1 WVV
- Other statement, vaststelling verdwijning overgenomen vennootschap, op aktedatum op te bestaan
- Director resignation, Katelijn Vandaele (director)
10-06
State Gazette act
RestructuringCapital · Merger · Share issue38 facts ▸
State Gazette act
Restructuring
Capital · Merger · Share issue38 facts ▸
- Capital, €1.761.281
- Merger, fusie door overneming, buitengewone algemene vergadering van aandeelhouders van de fuserende vennootschappen
- Other statement, opleg in geld, aandeelhouders van de over te nemen vennootschap
- Share issue, op naam, gewone aandelen
- Other statement, datum voor deelname in winst, 01-01-2026
- Accounting effect, 01-01-2026
- Other statement, bijzondere rechten
- Other statement, Bijlage 1, beschrijving van over te nemen activa
- Real estate, 16a 38ca, perceel bouwland
- Real estate, 33a 54ca, perceel bouwland
- Real estate, 11a 20ca, perceel weiland
- Real estate, 9a 28ca, perceel bouwland
- +26 further facts in this act
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €2mEq €2.0m ▲1.6%
5 profitable years in a row build equity to €2.0m.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €38,312 ▲13,575%
Operating result €43,212, net result €38,312, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €280 ▼95.4%
Net result drops to €280, the lowest in the series.
31-12
Financial
Liquidity times 16current ratio 163.18
Current ratio from 10.44 to 163.18.
31-12
Financial
Equity above €1mEq €1.9m ▲6,419%
3 profitable years in a row build equity to €1.9m.
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial
Liquidity quadruplescurrent ratio 10.44
Current ratio from 2.38 to 10.44; short-term debt falls from €15,341 to €3,154.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wielsbeke
Ground area
1,514 m²
Building footprint
318 m²
Volume, LiDAR
1,852 m³
Parcel 37017C0138/00P005, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0138/00P005 | Flanders | 1,513 m² | 1 · 318 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Katelijn Vandaele |
|
Articles of association
Other statement
Bodembeheer bij fusie door overneming, bodemattest
Asbestinventarisattest, geldig attest beschikbaar voor sluiten overeenkomst die modaliteiten overdracht vastlegt
1 more provision on this in the deed
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:FLAKX
Capital and shareholders
Capital over the years
- 10-06-2026 Capital stated in the act · 1,761,281 EUR · 8,195 shares
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746553966
Also
9925:BE0746553966
Registered
04-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.