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VANDELANOTTE

Active
Public limited companyfounded 2005active for 21 yearsPresident Kennedypark(Kor) 1A, 8500 Kortrijk, Belgium18 active companies are registered at this addressKBO/BCE: BE 0876.286.023
Summary

VANDELANOTTE has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.5m and a net result of €4.8m. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 43% of 314 sector peers (NACE 78, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
VANDELANOTTEActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Employment placement agencies
NACE 78100Certified accountants and tax accountants NACE 69201
5th largest employer in Kortrijk, Administrative and support services sector13 sites
Size
€55.6mturnover 2025
Staff
291 FTE
Equity
€8.5m
Profit
€4.8m
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Vandelanotte ++ · 99.2%
Board
6 members
Holdings
14
  • VDL 1Managing director · permanent representative Iris De Groote
Auditor: Bedrijfsrevisor Bart Bosman2025 accounts 38 days early35 of 65 deeds summarised
Why 88raises riskLiquidity: current ratio 0.73, cash €72,946, halved13 establishment unitslowers riskSize: turnover €55.6m, 291 FTE, total assets €32.6mFounded in 2005Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 78, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 51-5
equity 26.0% of total assets
Liquidity 24+5
short-term debt 51.5% · cash 0.2%
Profitability 79-11
return on assets 14.8%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (70 companies, NACE 78, large)
Last 24 months 11-2024: 0.3%lowest value 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025highest value 05-2025: 0.3%▼ -0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.73, compared with 0.84 in 2024, below 1; short-term debt: 51.5% and cash: 0.2% of total assets), and 74% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, large): better than 51% on solvency, 39% on liquidity, 93% on profitability and 78% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.73, cash €72,946, halved
NBB · annual accounts
lowers risk · Size: turnover €55.6m, 291 FTE, total assets €32.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2005
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 13 establishment units
KBO · seat and establishments
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 filings
Deviation from the deadline
2025
38 days early
2024
21 days early
2023
11 days early
2022
17 days early
2021
30 days early
2020
3 days early
2019
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median (NACE 78) for financial year 2024 is 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 9 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end29-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. General meeting · MergerShareholding · Accounting effect
  2. General meeting · MergerShareholding · Accounting effect
  3. RestructuringPermanent representatives: Nikolas Vandelanotte and…

Key points

  • Positive: Among the best 5% on net resultsector median €39,897 · 315 companies €4.8m View
  • Positive: 6 years of growth in a rowturnover 2025: €55.6m 6 years View
  • 5 restructurings since 2023latest: merger with Accountancy 4 Foreigners 5 View
  • Controlled by Vandelanotte ++the company in turn controls 11 companies 99.2% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Flemish supportawarded from 2022 to 2025 €321,759 View

By topic

Financials

Financial year
2025
Turnover
€55.6m
Profit
€4.8m
Solvency
26.0%
Turnover▲ 13.3%
Net result
20192025
Go to Financials

Board & ownership

Board
6 members
Parent
Vandelanotte ++ · 99.2%
Auditor
Bedrijfsrevisor Bart Bosman
  • VDL 1Managing director
  • Veracity4BusinessDirector
  • Van Hauwe AccountancyDirector
  • VDL 2Director
  • VDL 1 HOLDINGDirector

and 1 other director

Go to Board & ownership

Network & group

Subsidiaries, all levels
11
Direct holdings
14
Connected companies
4
Mergers and asset contributions
6

14 holdings

Go to Network & group

Timeline

Events
46
Since
2007
Next accounts
by 30-04-2027
  1. 28-07-2026Restructuring
  2. 22-05-2026Capital & shares · Restructuring
  3. 22-05-2026Capital & shares · Restructuring
Go to Timeline

Company details

Sites
13
Legal form
Public limited company
Activity
Employment placement agenciesNACE 78100
Founded
27-09-2005
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
16
Annual meeting
Third Thursday of March at 20:00
Purpose
“L'organisation de la comptabilité et des services comptables et les activités de conseil…” (deed in Dutch)
Go to Articles of association

Key facts about VANDELANOTTE

What is the company number of VANDELANOTTE?
0876.286.023. In Belgium the VAT number is the company number with BE in front: BE 0876.286.023.
Where is VANDELANOTTE based?
The registered office is at President Kennedypark(Kor) 1A, 8500 Kortrijk.Company details
What does VANDELANOTTE do?
According to the KBO register, the main activity is employment placement agencies (NACE 78100).
What is the legal form of VANDELANOTTE?
Public limited company (NV).
When was VANDELANOTTE founded?
On 27-09-2005.
Is VANDELANOTTE still active?
Yes, VANDELANOTTE is an active enterprise in the KBO register.
How many employees does VANDELANOTTE have?
On average 291 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of VANDELANOTTE?
€55.6m in financial year 2025, according to the filed annual accounts.
Is VANDELANOTTE profitable?
In financial year 2025, VANDELANOTTE made a profit of €4.8m.
Where can I find the annual accounts of VANDELANOTTE?
VANDELANOTTE filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VANDELANOTTE due?
By 30-04-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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