Financials
Financial year 2025
VANDEMOORTELE LIPIDS from Gent, company number BE0414062415, closed financial year 2025 with a result of € 8.8 million after tax. For that financial year VANDEMOORTELE LIPIDS recorded revenue of € 613.3 million and equity of € 148 million. Compared with financial year 2024, the result moved from € 59.7 million to € 8.8 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 148 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8.8 million
▼ 85% vs 2024
Profit after tax over the fiscal year.
€ 14.3 million
▲ € 13.8 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8.8 million paid out
100 % of the profit went to the shareholders, mostly to VAMIX NV (90 % of the shares). That is where the money ends up.
People and assets in 2025
76.3
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.7 million
▲ 6% vs 2024
€ 139,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,847
▼ 33% vs 2024
Of which on lease € 10,074.
Debts at end 2025
€ 18.5 million
▼ 16% vs 2024
€ 16.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 82.7 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 3.7 million
▼ 65% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 623,558,977 | € 623,559,304 | € 604,696,462 | € 613,256,678 | ▲ 1% |
| Profit after taxes | € 90,174,656 | € 33,607,236 | € 59,705,521 | € 8,794,937 | ▼ 85% |
| Equity | € 124,663,117 | € 158,270,353 | € 147,975,874 | € 147,973,011 | |
| Total debts | € 146,072,393 | € 111,384,833 | € 101,232,307 | € 114,062,854 | ▲ 13% |
| Cash | € 21,404,334 | € 7,037,113 | € 537,828 | € 14,313,719 | ▲ € 13.8 million |
| Land & buildings | € 878,559 | € 850,588 | € 807,611 | € 769,243 | ▼ 5% |
| Retained profit | € 75,941,967 | € 109,549,203 | € 99,254,724 | € 99,251,861 | |
| Dividend | € 30,059,150 | € 0 | € 70,000,000 | € 8,797,800 | ▼ 87% |
| Bank debt | € 18,140,302 | € 18,022,708 | € 22,044,588 | € 18,540,033 | ▼ 16% |
| Balance sheet total | € 270,735,509 | € 269,655,186 | € 249,208,181 | € 262,035,865 | ▲ 5% |
| Employees (FTE) | 64.1 | 70 | 73.7 | 76.3 | ▲ 2.6 |
Key figures of VANDEMOORTELE LIPIDS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VANDEMOORTELE LIPIDS?
What happened at VANDEMOORTELE LIPIDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Helena Vanhoutte stepped down as director. NBB
- Philippe Delsaut stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8.8 million (▼ 85% vs 2024). Source: NBB ↗
- Yvon Guérin stepped down as director. NBB
- Bart Bruyneel stepped down as director. NBB
- Helena Vanhoutte became a director. NBB
- Philippe Delsaut became a director. NBB
- Yvon Guérin became a director. NBB
In short
From € 90.2 million profit in 2022 to € 8.8 million profit in 2025.
Paid € 25.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 90.2 million profit.
Paid out € 108.9 million in dividends to the owners in total.
Management
The shares are held by VAMIX NV (90%) and VANDEMOORTELE NV (10%). It owns 100% of NV Vandemoortele Izegem, 100% of Vandemoortele Barcelona SA, 100% of Vandemoortele Lipids Werke, 100% of Vandemoortele Zeewolde BV, 55.6% of Cohepa S.L. and 49.9% of Vandemoortele Europe NV itself.
Directors
According to the 2025 annual accounts
Philippe Delsaut
Director
Also active at: VANDEMOORTELE TRANSPORT SOLUTIONS, VAMIX, VANDEMOORTELE GHISLENGHIEN, VANDEMOORTELE SENEFFE, Vandemoortele Europe, VANDEMOORTELE EEKLO, VANDEMOORTELE IZEGEM, Grow Vandemoortele
since 2025 · until 2028
Yvon Guérin
Chairman of the board
Also active at: VANDEMOORTELE TRANSPORT SOLUTIONS, VAMIX, Vandemoortele, VANDEMOORTELE GHISLENGHIEN, VANDEMOORTELE SENEFFE, VANDEMOORTELE EEKLO, VANDEMOORTELE IZEGEM, Grow Vandemoortele
since 2023 · until 2026
Bart Bruyneel
Managing director
Also active at: VANDEMOORTELE TRANSPORT SOLUTIONS, FEDERATION DE L'INDUSTRIE ALIMENTAIRE - FEDERATIE VOEDINGSINDUSTRIE, Association internationale des Industries margarinières des Pays d'Europe, Vandemoortele Europe, VANDEMOORTELE IZEGEM, Flanders’ FOOD, Grow Vandemoortele
since 2023 · until 2026
Helena Vanhoutte
Managing director
Also active at: VANDEMOORTELE TRANSPORT SOLUTIONS, Vandemoortele Europe, VANDEMOORTELE IZEGEM, Grow Vandemoortele
since 2026 · until 2029
Shareholders
90%
10%
Participations
Vandemoortele Barcelona SA
100%
Vandemoortele Lipids Werke
100%
Vandemoortele Zeewolde BV
100%
Cohepa S.L.
55.6%
49.9%
Vandemoortele Bakery Products Polska sp z.o.o.
0.1%
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 816
9000 Gent
Prins Albertlaan 12
8870 Izegem
Active since 1 July 1974
Prins Albertlaan 79
8870 Izegem
Active since 31 July 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →VAMIX same network
€ 956 million revenue · 2025
Vandemoortele same network
€ 79.2 million revenue · 2025
Safinco
Vandemoortele Europe same network
€ 1.9 billion revenue · 2025
VANDEMOORTELE BTW-EENHEID
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.062.415
- VAT number
- BE 0414.062.415
- Registered office
- Ottergemsesteenweg-Zuid 816, 9000 Gent
- Names & denominations
- VANDEMOORTELE LIPIDS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1974
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van margarine en andere spijsvetten
Vervaardiging van oliën en vetten
Raffinage van plantaardige oliën en vetten
Groothandel in spijsoliën en -vetten
Detailhandel in souvenirs en religieuze artikelen
Gespecialiseerde detailhandel in souvenirs, ambachtelijke producten en religieuze artikelen
Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels