VDM is a logistics company in Merelbeke-Melle. Public Limited, started on 31 March 1983, 1 establishment.

What is the address of VDM?

The registered office of VDM is located at Gaversesteenweg 2, 9820 Merelbeke-Melle.

Yes. According to the CBE (30 October 2026) VDM is active, legal situation “Normale toestand”, started on 31 March 1983.

Is VDM registered on Peppol?

Yes, VDM is registered on the Peppol network with ID 0208:0423956118.

What is the enterprise number of VDM?

The enterprise number of VDM is BE0423956118.

When was VDM founded?

VDM was founded on 31 March 1983.

Who are the directors of VDM?

According to the 2025 annual accounts, the directors of VDM are: TOM NEYT, ELIZABETH CLINCKSPOOR.

Is VDM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 31 March 1983; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did VDM make in 2025?

VDM posted a profit after taxes of € 805,564 in financial year 2025.

What is the revenue of VDM?

As a small company, VDM is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,614,821.

How much does an employee at VDM earn?

The average wage cost per full-time employee at VDM was € 39,700 in 2025: staff costs of € 1.7 million for 43.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VDM have?

According to the 2025 annual accounts, VDM has 43.2 full-time equivalents (FTE).

VDM (Public Limited) - Merelbeke-Melle - BE0423956118

Dossier VDM, printed on 30 October 2026 from databakkes.be/en/0423956118/vdm. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 49.6 to 43.2.

Financials

Financial year 2025

VDM from Merelbeke-Melle, company number BE0423956118, closed financial year 2025 with a result of € 805,564 after tax. For that financial year VDM recorded a gross margin of € 3.6 million and equity of € 189,087. Compared with financial year 2024, the result moved from € 411,434 to € 805,564. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 19, 2025.

What it is worth Growing

€ 189,087

▲ 3% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 805,564

▲ 96% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 656,835

▲ 31% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 800,000 paid out

99 % of the profit went to the shareholders, mostly to E.C. (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

43.2

▼ 5.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.7 million

▼ 1% vs 2024

€ 39,700 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.

Vehicles and equipment

€ 26,812

▼ 43% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 1 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.3 million

▼ 9% vs 2024

€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 3 million

▲ 1% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 255,721

▲ 5% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,708,618 Gross margin 2022: € 2,708,618 First fiscal year in the series	€ 2,589,571 Gross margin 2023: € 2,589,571 ▼ 4% vs 2022 (€ 2,708,618) Unfavourable step	€ 3,083,527 Gross margin 2024: € 3,083,527 ▲ 19% vs 2023 (€ 2,589,571) Favourable step	€ 3,614,821 Gross margin 2025: € 3,614,821 ▲ 17% vs 2024 (€ 3,083,527) Favourable step	▲ 17%
Profit after taxes	€ 602,196 Profit after taxes 2022: € 602,196 First fiscal year in the series	€ 442,753 Profit after taxes 2023: € 442,753 ▼ 26% vs 2022 (€ 602,196) Unfavourable step	€ 411,434 Profit after taxes 2024: € 411,434 ▼ 7% vs 2023 (€ 442,753) Unfavourable step	€ 805,564 Profit after taxes 2025: € 805,564 ▲ 96% vs 2024 (€ 411,434) Favourable step	▲ 96%
Equity	€ 204,335 Equity 2022: € 204,335 First fiscal year in the series	€ 197,089 Equity 2023: € 197,089 ▼ 4% vs 2022 (€ 204,335) Unfavourable step	€ 183,523 Equity 2024: € 183,523 ▼ 7% vs 2023 (€ 197,089) Unfavourable step	€ 189,087 Equity 2025: € 189,087 ▲ 3% vs 2024 (€ 183,523) Favourable step	▲ 3%
Total debts	€ 3,265,693 Total debts 2022: € 3,265,693 First fiscal year in the series	€ 6,072,330 Total debts 2023: € 6,072,330 ▲ 86% vs 2022 (€ 3,265,693) Unfavourable step	€ 7,372,245 Total debts 2024: € 7,372,245 ▲ 21% vs 2023 (€ 6,072,330) Unfavourable step	€ 7,578,167 Total debts 2025: € 7,578,167 ▲ 3% vs 2024 (€ 7,372,245) Unfavourable step	▲ 3%
Cash	€ 1,234,713 Cash 2022: € 1,234,713 First fiscal year in the series	€ 510,738 Cash 2023: € 510,738 ▼ 59% vs 2022 (€ 1,234,713) Unfavourable step	€ 500,655 Cash 2024: € 500,655 ▼ 2% vs 2023 (€ 510,738) Unfavourable step	€ 656,835 Cash 2025: € 656,835 ▲ 31% vs 2024 (€ 500,655) Favourable step	▲ 31%
Land & buildings	€ 587,582 Land & buildings 2022: € 587,582 First fiscal year in the series	€ 1,272,564 Land & buildings 2023: € 1,272,564 ▲ 117% vs 2022 (€ 587,582) Unchanged	€ 1,865,148 Land & buildings 2024: € 1,865,148 ▲ 47% vs 2023 (€ 1,272,564) Unchanged	€ 1,840,359 Land & buildings 2025: € 1,840,359 ▼ 1% vs 2024 (€ 1,865,148) Unchanged	▼ 1%
Retained profit	€ 42,335 Retained profit 2022: € 42,335 First fiscal year in the series	€ 35,089 Retained profit 2023: € 35,089 ▼ 17% vs 2022 (€ 42,335) Unfavourable step	€ 21,523 Retained profit 2024: € 21,523 ▼ 39% vs 2023 (€ 35,089) Unfavourable step	€ 27,087 Retained profit 2025: € 27,087 ▲ 26% vs 2024 (€ 21,523) Favourable step	▲ 26%
Dividend	€ 750,000 Dividend 2022: € 750,000 First fiscal year in the series	€ 450,000 Dividend 2023: € 450,000 ▼ 40% vs 2022 (€ 750,000) Unchanged	€ 425,000 Dividend 2024: € 425,000 ▼ 6% vs 2023 (€ 450,000) Unchanged	€ 800,000 Dividend 2025: € 800,000 ▲ 88% vs 2024 (€ 425,000) Unchanged	▲ 88%
Bank debt	€ 313,708 Bank debt 2022: € 313,708 First fiscal year in the series	€ 145,889 Bank debt 2023: € 145,889 ▼ 53% vs 2022 (€ 313,708) Favourable step	€ 1,423,660 Bank debt 2024: € 1,423,660 ▲ € 1.3 million vs 2023 (€ 145,889) Unfavourable step	€ 1,293,674 Bank debt 2025: € 1,293,674 ▼ 9% vs 2024 (€ 1,423,660) Favourable step	▼ 9%
Balance sheet total	€ 3,470,028 Balance sheet total 2022: € 3,470,028 First fiscal year in the series	€ 6,269,418 Balance sheet total 2023: € 6,269,418 ▲ 81% vs 2022 (€ 3,470,028) Unchanged	€ 7,555,768 Balance sheet total 2024: € 7,555,768 ▲ 21% vs 2023 (€ 6,269,418) Unchanged	€ 7,767,254 Balance sheet total 2025: € 7,767,254 ▲ 3% vs 2024 (€ 7,555,768) Unchanged	▲ 3%
Employees (FTE)	49.3 Employees (FTE) 2022: 49.3 First fiscal year in the series	49.6 Employees (FTE) 2023: 49.6 ▲ 0.3 vs 2022 (49.3) Unchanged	48.5 Employees (FTE) 2024: 48.5 ▼ 1.1 vs 2023 (49.6) Unchanged	43.2 Employees (FTE) 2025: 43.2 ▼ 5.3 vs 2024 (48.5) Unchanged	▼ 5.3

Key figures of VDM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to VDM?

What happened at VDM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Dec 19, 2025 New annual accounts for financial year 2025: profit of € 805,564 (▲ 96% vs 2024). Source: NBB ↗
Sep 13, 1983 New establishment in Merelbeke-Melle. KBO
Mar 31, 1983 Start of the company according to the CBE. KBO

In short

From € 602,196 profit in 2022 to € 805,564 profit in 2025.

Paid € 786,846 in corporate taxes since 2022.

Best year ever: 2025, with € 805,564 profit.

On average € 83,700 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

E.C. 99.6%

The stake of E.C. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

VDM

Behind VDM are TOM NEYT and ELIZABETH CLINCKSPOOR. The shares are held by E.C. (99.6%).

Directors

According to the 2025 annual accounts

TOM NEYT

Administrator-manager

Also active at: CLIMAR, RET, E.C.

ELIZABETH CLINCKSPOOR

Administrator-manager

Also active at: CLIMAR, RET, E.C.

Shareholders

E.C.

99.6%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Gaversesteenweg 2

9820 Merelbeke-Melle

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

RET same network

€ 1.5 million gross margin · 2026

"Verenigng van mede-eigenaars gebouw Gaversesteenweg 2/4 te 9820 Merelbeke"

E.C. same network

€ 853,831 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0423.956.118

VAT number

BE 0423.956.118

Registered office

Gaversesteenweg 2, 9820 Merelbeke-Melle

Names & denominations

VDM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

31 March 1983

Peppol

Active · Active since 19 Mar 2025

Activities · NACE

Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen

Overige niet-gespecialiseerde detailhandel

Grootwarenhuizen (verkoop van overwegend niet-voedingsmiddelen met verkoopsopp.vanaf 2.500 m2)

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte. = 2500 m²)

Administratieve en ondersteunende activiteiten ten behoeve van kantoren

Overige activiteiten i .v.m. administratie, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

VDM