VANDEMA
ActiveSummary
VANDEMA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €100.8m and a net result of €620,476. Equity is growing by ~15.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability39▼-61
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 10.22; short-term debt: 2% and cash: 0% of total assets), and 2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
98%
Return on assets
0.6%
Age of the figures
7 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 28-02-2026 was due by 30-09-2026 and was filed on 29-06-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
93 d early
2025
92 d early
2024
94 d early
2023
85 d early
2022
92 d early
2021
87 d early
2020
86 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 90 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today28-02-2027 close30-09-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence 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 Which other companies belong to the same group?GROEP VANDEN AVENNE COMMODITIES · 8 companies How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€620,476▼ 98.0%
2025 · €30.8m
Working capital
€18.7m▼ 9.0%
2025 · €20.5m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€11,197▼ 32.2%-€44,443▼ 297%-€19,813▲ 55.4%-€33,673▼ 69.9%-€8,843▲ 73.7%
Net result€4.5m▼ 49.2%€19.6m▲ 339%€9.6m▼ 51.1%€30.8m▲ 222%€620,476▼ 98.0%
Equity€48.2m▲ 3.1%€61.8m▲ 28.1%€71.4m▲ 15.5%€102.2m▲ 43.1%€100.8m▼ 1.4%
Total assets€48.2m▲ 2.6%€67.8m▲ 40.6%€71.4m▲ 5.3%€102.3m▲ 43.2%€102.8m▲ 0.5%
Debt€4,978▼ 97.8%€6.0m▲ 120,820%€43,009▼ 99.3%€130,987▲ 205%€2.0m▲ 1,448%
Working capital€14.2m€15.3m▲ 7.9%€20.5m▲ 34.4%€18.7m▼ 9.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,843 in 2026 against €33,673 in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €102.8m
Fixed assets
€82.1m ▲ 0.6%
Current assets
€20.7m ▲ 0.3%
Equity and liabilities €102.8m
Equity
€100.8m ▼ 1.4%
Debt
€2.0m ▲ 1,448%
Debt's share of the balance-sheet total rises from 0.1% to 2.0%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
10.22
Debt to equity
0.02▲
2025 · 0.00
ROE
0.6%▼
2025 · 30.1%
ROA
0.6%▼
2025 · 30.1%
Debt ≤ 1 year
€2.0m▲
2025 · €130,987
Income taxes
€207,058▼
2025 · €259,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €11,197 | €44,443 | €19,813 | €33,673 | €8,843 | ▼ 73.7% |
| Services and other goods61 | €11,076 | €44,321 | €19,682 | €33,532 | €8,699 | ▼ 74.1% |
| Other operating charges640/8 | €120 | €122 | €132 | €141 | €144 | ▲ 2.6% |
| Operating profit (loss)9901 | -€11,197 | -€44,443 | -€19,813 | -€33,673 | -€8,843 | ▲ 73.7% |
| Financial income75/76B | €4.5m | €19.6m | €9.7m | €31.1m | €837,596 | ▼ 97.3% |
| Recurring financial income75 | €4.5m | €19.6m | €9.7m | €9.4m | €837,596 | ▼ 91.1% |
| Income from financial fixed assets750 | €4.5m | €19.6m | €9.1m | €8.9m | €432,656 | ▼ 95.2% |
| Income from current assets751 | €4 | €77,349 | €545,045 | €514,156 | €404,940 | ▼ 21.2% |
| Non-recurring financial income76B | - | - | - | €21.6m | - | - |
| Financial charges65/66B | €30,028 | €16,667 | €1,173 | €1,221 | €1,219 | ▼ 0.1% |
| Recurring financial charges65 | €30,028 | €16,667 | €1,173 | €1,221 | €1,219 | ▼ 0.1% |
| Other financial charges652/9 | €30,028 | €16,667 | €1,173 | €1,221 | €1,219 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €4.5m | €19.6m | €9.6m | €31.0m | €827,534 | ▼ 97.3% |
| Income taxes67/77 | - | €1 | €61,772 | €259,800 | €207,058 | ▼ 20.3% |
| Taxes670/3 | - | €1 | €61,772 | €259,800 | €207,058 | ▼ 20.3% |
| Profit (loss) for the period9904 | €4.5m | €19.6m | €9.6m | €30.8m | €620,476 | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | €4.5m | €19.6m | €9.6m | €30.8m | €620,476 | ▼ 98.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48.2m | €67.8m | €71.4m | €102.3m | €102.8m | ▲ 0.5% |
| Fixed assets21/28 | €42.6m | €47.7m | €56.1m | €81.6m | €82.1m | ▲ 0.6% |
| Financial fixed assets28 | €42.6m | €47.7m | €56.1m | €81.6m | €82.1m | ▲ 0.6% |
| Affiliated companies280/1 | €24.9m | €27.9m | €29.0m | €30.3m | €30.5m | ▲ 0.6% |
| Participating interests280 | €24.9m | €24.9m | €24.9m | €24.9m | €24.9m | = |
| Amounts receivable281 | - | €3.0m | €4.2m | €5.4m | €5.6m | ▲ 3.4% |
| Companies linked by participating interests282/3 | €17.7m | €19.8m | €27.1m | €51.4m | €51.6m | ▲ 0.5% |
| Participating interests282 | €14.7m | €14.7m | €21.9m | €43.5m | €43.5m | = |
| Amounts receivable283 | €3.0m | €5.1m | €5.2m | €7.9m | €8.1m | ▲ 3.5% |
| Current assets29/58 | €5.7m | €20.2m | €15.3m | €20.7m | €20.7m | ▲ 0.3% |
| Amounts receivable within one year40/41 | €1 | €23,205 | €124,946 | - | €89,424 | - |
| Other amounts receivable41 | €1 | €23,205 | €124,946 | - | €89,424 | - |
| Current investments50/53 | - | €20.0m | €15.0m | €20.5m | €20.5m | = |
| Other investments51/53 | - | €20.0m | €15.0m | €20.5m | €20.5m | = |
| Cash at bank and in hand54/58 | €5.6m | €128,848 | €84,109 | €47,240 | €30,251 | ▼ 36.0% |
| Deferred charges and accrued income490/1 | €10,935 | €77,172 | €101,272 | €107,387 | €78,363 | ▼ 27.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48.2m | €67.8m | €71.4m | €102.3m | €102.8m | ▲ 0.5% |
| Equity10/15 | €48.2m | €61.8m | €71.4m | €102.2m | €100.8m | ▼ 1.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €48.2m | €61.7m | €71.3m | €102.1m | €100.7m | ▼ 1.4% |
| Amounts payable17/49 | €4,978 | €6.0m | €43,009 | €130,987 | €2.0m | ▲ 1,448% |
| Amounts payable within one year42/48 | - | €6.0m | €43,009 | €130,987 | €2.0m | ▲ 1,448% |
| Trade debts44 | - | €3,836 | €14,203 | €4,351 | €4,470 | ▲ 2.8% |
| Suppliers440/4 | - | €3,836 | €14,203 | €4,351 | €4,470 | ▲ 2.8% |
| Taxes, remuneration and social security45 | - | €896,919 | €12,848 | €110,679 | €299,398 | ▲ 171% |
| Taxes450/3 | - | €896,919 | €12,848 | €110,679 | €299,398 | ▲ 171% |
| Other amounts payable47/48 | - | €5.1m | €15,957 | €15,957 | €1.7m | ▲ 10,702% |
| Accrued charges and deferred income492/3 | €4,978 | - | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.5m | €19.6m | €9.6m | €30.8m | €620,476 | ▼ 98.0% |
| Operating cash flow (approximation) | €4.5m | €19.6m | €9.6m | €30.8m | €620,476 | ▼ 98.0% |
| Investment in fixed assets (approximation) | - | -€5.1m | -€8.4m | -€25.5m | -€461,610 | ▲ 98.2% |
| Change in cash | - | -€5.5m | -€44,739 | -€36,870 | -€16,988 | ▲ 53.9% |
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 2027, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
20-03
State Gazette act
Permanent representative: Line VyveyResignation: Francis Boelens (permanent representative)2 facts ▸
State Gazette act
Permanent representative: Line Vyvey
Resignation: Francis Boelens (permanent representative)2 facts ▸
- Permanent representative, Line Vyvey
- Director resignation, Francis Boelens (permanent representative)
28-02
Financial
Weakest financial yearnet €620,476 ▼98%
Net result drops to €620,476, the lowest in the series.
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
28-02
Financial
Highest result since 2019net €30.8m ▲222%
Net result €30.8m, the highest in the series.
28-02
Financial
Equity above €100mEq €102.2m ▲43.1%
7 profitable years in a row build equity to €102.2m.
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
29-02
Financial
Liquidity times 106current ratio 356.33
Current ratio from 3.35 to 356.33; short-term debt falls from €6.0m to €43,009.
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
28-02
Financial
Equity above €50mEq €61.8m ▲28.1%
5 profitable years in a row build equity to €61.8m.
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Show earlier events
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1991
Ground area
4.1 ha
Building footprint
934 m²
Volume, LiDAR
3,411 m³
Parcel 44812P0789/00E000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VANDEMA NV
since 19912.052.225.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44812P0789/00E000 | Flanders | 4.1 ha | 1 · 934 m² | 5.0 m · 1 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 2025, 0 in office
- Permanent representative
- began earlier
| Name | Functions and periods |
|---|---|
| Francis Boelens |
|
Structure & network
Part of the group
GROEP VANDEN AVENNE COMMODITIES
8 companies
Group, risk and exposure
Owners and holdings
1 owner · 4 holdingsChain of control
- GROEP VANDEN AVENNE COMMODITIES
- VANDEMA
Highest known parent: GROEP VANDEN AVENNE COMMODITIES. The sources do not say who stands above it.
Owners 1
-
51%
Holdings 4
-
100%
-
80%
-
20%
-
20%
According to the annual accounts to 28-02-2026 of VANDEMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded26-12-1990
Fiscal year end28-02
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442874185
Also
9925:BE0442874185
Registered
26-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.