VANDELANOTTE
ActiveVANDELANOTTE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.47M and a net result of €4.81M. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 216 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-11
Solvency51▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.84 in 2024; short-term debt: 51.5% and cash: 0.2% of total assets), and 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26%
Return on assets
14.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
38 d early
2024
21 d early
2023
11 d early
2022
17 d early
2021
30 d early
2020
3 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€55.55M▲ 13.3%
2024 · €49.04M
2018: €22.76M
2020: €28.93M
2021: €31.67M
2022: €36.82M
2023: €43.73M
2024: €49.04M
2018 → 2025
EBIT margin
10.0%▼ 1.8pp
2024 · 11.9%
2018: 6.5%
2020: 5.6%
2021: 10.4%
2022: 10.6%
2023: 10.3%
2024: 11.9%
2018 → 2025
Net result
€4.81M▼ 20.4%
2024 · €6.04M
2018: €1.19M
2020: €1.40M
2021: €3.02M
2022: €3.66M
2023: €4.18M
2024: €6.04M
2018 → 2025
Working capital
€-4.47M▼ 98.4%
2024 · €-2.25M
2018: €-685k
2020: €-1.10M
2021: €-811k
2022: €-1.96M
2023: €-1.82M
2024: €-2.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€31.67M-€36.82M▲ 16.3%€43.73M▲ 18.8%€49.04M▲ 12.1%€55.55M▲ 13.3%
Equity€4.64M-€4.88M▲ 5.1%€5.79M▲ 18.8%€7.34M▲ 26.7%€8.47M▲ 15.4%
Operating result€3.28M-€3.91M▲ 19.3%€4.52M▲ 15.6%€5.82M▲ 28.7%€5.57M▼ 4.3%
Net result€3.02M-€3.66M▲ 21.2%€4.18M▲ 14.0%€6.04M▲ 44.6%€4.81M▼ 20.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.59M
Fixed assets
€20.28M▲ 78.6%
Current assets
€12.31M▲ 0.3%
Equity and liabilities €32.59M
Equity
€8.47M▲ 15.4%
Provisions
€60k=
Debt
€24.06M▲ 48.2%
The debt ratio rises from 68.7% to 73.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6.08M▲
2024 · €5.95M
Cash flow
€5.32M▼
2024 · €6.17M
Solvency
26.0%▼
2024 · 31.1%
Current ratio
0.73▼
2024 · 0.84
Quick ratio
0.50▼
2024 · 0.61
Debt / equity
2.84▲
2024 · 2.21
ROE
56.7%▼
2024 · 82.3%
ROA
14.8%▼
2024 · 25.6%
Interest coverage
11.21▼
2024 · 19.74
Debt
€24.06M▲
2024 · €16.23M
Debt ≤ 1 year
€16.79M▲
2024 · €14.53M
Debt > 1 year
€7.21M▲
2024 · €1.65M
Income taxes
€658k▲
2024 · €594k
Staff costs
€19.44M▲
2024 · €17.76M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€23.63M€32.59M▲
Fixed assets21/28€11.36M€20.28M▲
Intangible fixed assets21€1.24M€6.06M▲
Tangible fixed assets22/27€9k€6k▼
Plant, machinery and equipment23€223€0▼
Other tangible fixed assets26€9k€6k▼
Financial fixed assets28€10.10M€14.21M▲
Affiliated companies280/1€8.31M€12.41M▲
Participating interests280€8.31M€11.86M▲
Amounts receivable281-€549k
Companies linked by participating interests282/3€1.79M€1.79M=
Participating interests282€1.79M€1.79M=
Other financial fixed assets284/8€7k€8k▲
Amounts receivable and cash guarantees285/8€7k€8k▲
Current assets29/58€12.28M€12.31M▲
Amounts receivable after more than one year29€150k€240k▲
Other amounts receivable291€150k€240k▲
Stocks and contracts in progress3€3.44M€3.93M▲
Contracts in progress37€3.44M€3.93M▲
Amounts receivable within one year40/41€8.42M€7.78M▼
Trade receivables40€7.44M€6.33M▼
Other amounts receivable41€983k€1.45M▲
Cash at bank and in hand54/58€220k€73k▼
Deferred charges and accrued income490/1€53k€288k▲
Equity and liabilities
Total equity and liabilities10/49€23.63M€32.59M▲
Equity10/15€7.34M€8.47M▲
Contributions10/11€3.47M€3.47M=
Capital10€3.35M€3.36M=
Issued capital100€3.35M€3.36M=
Outside capital11€112k€112k=
Share premium1100/10€112k€112k=
Reserves13€3.88M€5.01M▲
Non-distributable reserves130/1€335k€336k=
Legal reserve130€335k€336k=
Distributable reserves133€3.54M€4.67M▲
Provisions and deferred taxes16€60k€60k=
Provisions for liabilities and charges160/5€60k€60k=
Other liabilities and charges164/5€60k€60k=
Amounts payable17/49€16.23M€24.06M▲
Amounts payable after more than one year17€1.65M€7.21M▲
Financial debts170/4€1.35M€5.97M▲
Credit institutions173€1.35M€5.97M▲
Other loans174€0-
Other amounts payable178/9€306k€1.24M▲
Amounts payable within one year42/48€14.53M€16.79M▲
Current portion of amounts payable after more than one year42€980k€3.19M▲
Financial debts43€397k€926k▲
Credit institutions430/8€397k€926k▲
Trade debts44€2.04M€2.41M▲
Suppliers440/4€2.04M€2.24M▲
Bills of exchange payable441€0€169k▲
Advances received on contracts in progress46€2.87M€2.93M▲
Taxes, remuneration and social security45€3.61M€3.49M▼
Taxes450/3€953k€763k▼
Remuneration and social security454/9€2.65M€2.73M▲
Other amounts payable47/48€4.64M€3.83M▼
Accrued charges and deferred income492/3€44k€58k▲
Income statement
Code20242025
Operating income70/76A€50.44M€56.79M▲
Turnover70€49.04M€55.55M▲
Change in stocks of work in progress, finished goods and contracts in progress71€211k€393k▲
Other operating income74€1.15M€783k▼
Non-recurring operating income76A€47k€58k▲
Operating charges60/66A€44.62M€51.22M▲
Goods for resale, raw materials and consumables60€2.04M€2.69M▲
Purchases600/8€2.04M€2.69M▲
Services and other goods61€24.17M€27.93M▲
Remuneration, social security and pensions62€17.76M€19.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€514k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€131k€111k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€379k€416k▲
Non-recurring operating charges66A€5k€123k▲
Operating profit (loss)9901€5.82M€5.57M▼
Financial income75/76B€1.13M€711k▼
Recurring financial income75€1.13M€576k▼
Income from financial fixed assets750€738k€235k▼
Income from current assets751€231k€138k▼
Other financial income752/9€160k€202k▲
Non-recurring financial income76B-€136k
Financial charges65/66B€315k€813k▲
Recurring financial charges65€315k€565k▲
Debt charges650€302k€543k▲
Other financial charges652/9€14k€22k▲
Non-recurring financial charges66B-€248k
Profit (loss) for the period before taxes9903€6.64M€5.47M▼
Income taxes67/77€594k€658k▲
Taxes670/3€601k€658k▲
Tax adjustments and reversals of tax provisions77€7k€0▼
Profit (loss) for the period9904€6.04M€4.81M▼
Profit (loss) for the period to be appropriated9905€6.04M€4.81M▼
Appropriation of the result
Profit (loss) to be appropriated9906€6.04M€4.81M▼
Transfer to equity691/2€1.55M€1.13M▼
To the legal reserve6920-€100
To other reserves6921€1.55M€1.13M▼
Profit to be distributed694/7€4.49M€3.68M▼
Directors or managers695€2.52M€2.92M▲
Employees696€159k€78k▼
Other beneficiaries697€1.81M€683k▼
Social balance
Average headcount (FTE)9087272.4291.0▲
The notes to these accounts (104 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
State Gazette act
RestructuringBoard meeting · Merger · Accounting effect7 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Accounting effect7 facts ▸
- Board meeting, 17/07/2026
- Merger, absorption
- Accounting effect, 01/10/2026
- Corporate purpose, La société a pour objet les activités d’un expert-comptable certifié ainsi que l'exercice de toutes les activités compatibles en raison de cette qualité...
- Corporate purpose, La société a pour objet les activités d’un expert-comptable certifié ainsi que l'exercice de toutes les activités compatibles en raison de cette qualité...
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Iris De Groote
28-07
State Gazette act
RestructuringBoard meeting · Merger · Accounting effect7 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Accounting effect7 facts ▸
- Board meeting, 17 juli 2026
- Merger, fusie door overneming gelijkgestelde verrichting
- Accounting effect, 1 oktober 2026
- Corporate purpose, De vennootschap heeft tot voorwerp de werkzaamheden van een gecertificeerd accountant evenals het uitoefenen van alle met deze hoedanigheid verenigbare activite…
- Corporate purpose, De vennootschap heeft tot voorwerp de werkzaamheden van een gecertificeerd accountant evenals het uitoefenen van alle met deze hoedanigheid verenigbare activite…
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Iris De Groote
22-05
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect3 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect3 facts ▸
- General meeting, 2026-03-30
- Merger, met fusie door overneming gelijkgestelde verrichting, 2026-04-01
- Accounting effect, 2025-10-01
22-05
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect3 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect3 facts ▸
- General meeting, 2026-03-30
- Merger, absorption, la présente société est propriétaire de toutes les actions de la société à absorber
- Accounting effect, 2025-10-01
22-05
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect4 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect4 facts ▸
- General meeting, 2026-03-30
- Merger, met fusie door overneming gelijkgestelde verrichting, 0
- Accounting effect, 2025-10-01
- General meeting, 2026-03-30
22-05
State Gazette act
Capital & shares · RestructuringGeneral meeting · Merger · Accounting effect7 facts ▸
State Gazette act
Capital & shares · Restructuring
General meeting · Merger · Accounting effect7 facts ▸
- General meeting, 2026-05-12
- Merger, absorption, 2026-04-01
- Accounting effect, 2025-10-01
- Merger filing, 2026-02-06
- Merger publication, 2026-02-16
- Merger no shares, no_shares_issued
- Balance sheet date, 2025-09-30
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
23-02
State Gazette act
RestructuringMerger · Accounting effect · Permanent representative6 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Permanent representative6 facts ▸
- Merger, fusion by absorption, 01/04/2026
- Accounting effect, 01/10/2025
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Iris De Groote
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Nikolas Vandelanotte
23-02
State Gazette act
RestructuringMerger · Accounting effect · Corporate purpose10 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Corporate purpose10 facts ▸
- Merger, absorption, 2026-04-01
- Accounting effect, 2025-10-01
- Corporate purpose, La société a pour objet les activités d'un expert-comptable certifié ainsi que l'exercice de toutes les activités compatibles en raison de cette qualité.
- Corporate purpose, La société a pour objet les activités d'un expert-comptable certifié ainsi que l'exercice de toutes les activités jugées compatibles par l'Institut en raison de…
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Iris De Groote
- Permanent representative, Nikolas Vandelanotte
- Share exchange, Aucune nouvelle action attribuée; toutes les actions de la société à absorber appartiennent déjà à la société absorbante
- Filing jurisdiction, Tribunal de l'entreprise de Gand, division Courtrai
- Filing jurisdiction, Tribunal de l'entreprise de Bruxelles (francophone)
16-02
State Gazette act
RestructuringMerger · Accounting effect · Permanent representative5 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Permanent representative5 facts ▸
- Merger, fusion by absorption, 01/04/2026
- Accounting effect, 01/10/2025
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Iris De Groote
- Share exchange, no new shares issued
16-02
State Gazette act
RestructuringMerger · Accounting effect · Corporate purpose6 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Corporate purpose6 facts ▸
- Merger, deemed_absorption, 2026-04-01
- Accounting effect, 2025-10-01
- Corporate purpose, La société a pour objet les activités d'un expert-comptable certifié ainsi que l'exercice de toutes les activités compatibles en raison de cette qualité. Il s'a…
- Corporate purpose, La société a pour objet les activités d'un expert-comptable certifié ainsi que l'exercice de toutes les activités compatibles en raison de cette qualité. La soc…
- Permanent representative, Nikolas Vandelanotte
- Permanent representative, Iris De Groote
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €6.04M ▲44.6%
Operating result €5.82M, net result €6.04M, both a record.
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €5MEq €5.79M ▲18.8%
5 profitable years in a row build equity to €5.79M.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
16-04-2025
VDL 1: Resigned as Director
21-03-2024
Philip Callens: Resigned as Director
28-06-2023
Callens Philip Marie-Christine Richard: Resigned as Director
28-06-2023
Valurus: Resigned as Director
28-06-2023
VDL 1: Resigned as Director
16-03-2023
Hein Vandelanotte: Resigned as Managing director
16-03-2023
STUDAC BELGIUM: Resigned as Director
27-02-2019
Hein Vandelanotte Accountant: Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 13 establishment units since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
President Kennedypark(Kor) 1A8500 KortrijkGround area
9.2 ha
Building footprint
1.6 ha
Volume, LiDAR
301,377 m³
14 parcels, Brussels, Flanders, Wallonia · tallest building 35.9 m, ±10 floors. Linked by address, not a title deed.
13 establishment units
VANDELANOTTE
since 20052.180.897.322
VANDELANOTTE
since 20052.180.897.916
VANDELANOTTE
since 20072.180.898.609
VANDELANOTTE
since 20082.180.898.411
VANDELANOTTE
since 20082.180.898.906
VANDELANOTTE
since 20092.180.899.302
Show 7 more locations
VANDELANOTTE
since 20122.216.257.780
VANDELANOTTE
since 20162.255.293.946
VANDELANOTTE
since 20222.338.700.187
Vandelanotte
since 20242.366.777.630
Wampenberg 67, 2370 Arendonk
since 20252.364.187.928
Gemeenteplaats 31, 2960 Brecht
since 20262.386.150.213
Vandelanotte
since 20262.393.282.780
14 parcels
Flanders
11
(78.6%)
Wallonia
2
(14.3%)
Brussels
1
(7.1%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0411/00H000 | Flanders | 3.0 ha | 1 · 1,409 m² | 23.4 m · 7 fl. |
| 25744D0293/00L007 | Wallonia | 1.8 ha | 1 · 783 m² | 18.2 m · 5 fl. |
| 21818A0033/00C003 | Brussels | 1.5 ha | 1 · 3,341 m² | 35.9 m · 10 fl. |
| 11003A0159/00H002 | Flanders | 8,568 m² | 1 · 4,264 m² | 33.9 m · 9 fl. |
| 34354D0147/00F000 | Flanders | 7,253 m² | 1 · 1,265 m² | 14.9 m · 3 fl. |
| 42028B0738/00B000 | Flanders | 4,529 m² | 1 · 1,304 m² | 31.6 m · 4 fl. |
| 13373A0474/00Z000 | Flanders | 3,530 m² | 1 · 1,399 m² | 16.2 m |
| 13452N0196/00R000 | Flanders | 1,547 m² | 1 · 218 m² | 9.2 m · 2 fl. |
| 31027D0504/00K000 | Flanders | 1,332 m² | 1 · 804 m² | 14.8 m · 4 fl. |
| 34354D0148/00F000 | Flanders | 1,148 m² | 1 · 1,148 m² | 17.3 m · 5 fl. |
| 41302C0555/00K000 | Flanders | 200 m² | 1 · 113 m² | 10.3 m · 3 fl. |
| 13001A1204/00X000 | Flanders | 129 m² | 1 · 131 m² | 10.9 m · 3 fl. |
| 57463L0155/00D003 | Wallonia | 94 m² | - | - |
| 11333D0482/00L000 | Flanders | 92 m² | 1 · 110 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 13
14 of 14 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Acquisitions and mergers
4 transactionsTook over:Accountancy 4 Foreigners
Took over:A&B - Vandelanotte
Took over:A&B - Vandelanotte
Took over:COGITAX
Public money · subsidies and aid
Flemish government
2022 to 2025 · 14 entries · 321,759 EUR awarded · 277,308 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 27,873 EUR | 41,873 EUR |
| 2024 | 3 | 47,326 EUR | 61,326 EUR |
| 2023 | 3 | 162,004 EUR | 89,553 EUR |
| 2022 | 3 | 84,556 EUR | 84,556 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Baekeland-mandaat
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Individueel Maatwerk
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,637. 738 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-09-2005
Fiscal year end30-09
Activities, NACEBEL
69201Certified accountants and tax accountants
74122
78100Employment placement agencies
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
74124
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.