Financials
Financial year 2025
Vandemoortele from Gent, company number BE0429977343, closed financial year 2025 with a result of € -13.9 million after tax. For that financial year Vandemoortele recorded revenue of € 79.2 million and equity of € 217.8 million. Compared with financial year 2024, the result moved from € 1.4 million to € -13.9 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 217.8 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13.9 million
▼ still € 1.4 million profit in 2024
Profit after tax over the fiscal year.
€ 48.4 million
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 138.4 million.
People and assets in 2025
158
▲ 12 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 25.9 million
▲ 8% vs 2024
€ 163,900 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.
€ 2 million
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 billion
▲ 67% vs 2024
€ 42 million is repaid this year. At this pace the long-term loan is gone in ≈ 31 years.
€ 18.8 million
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 145 days on average.
€ 7 million
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 744,801,887 | € 705,438,024 | € 697,344,648 | € 79,233,956 | ▼ 89% |
| Profit after taxes | € 27,796,041 | € 85,315,496 | € 1,351,156 | € -13,928,750 | ▼ € 15.3 million |
| Equity | € 224,523,167 | € 270,761,495 | € 241,072,746 | € 217,779,026 | ▼ 10% |
| Total debts | € 315,256,743 | € 646,804,149 | € 1,289,315,744 | € 1,899,631,515 | ▲ 47% |
| Cash | € 60,794,756 | € 36,912,238 | € 118,882,546 | € 48,418,330 | ▼ 59% |
| Retained profit | € 145,157,896 | € 191,396,224 | € 161,707,475 | € 138,413,755 | ▼ 14% |
| Dividend | € 24,520,208 | € 39,077,169 | € 31,039,905 | € 9,364,970 | ▼ 70% |
| Bank debt | € 138,309,422 | € 465,533,830 | € 1,106,192,403 | € 1,852,301,397 | ▲ 67% |
| Balance sheet total | € 545,246,202 | € 923,674,771 | € 1,543,077,753 | € 2,128,679,507 | ▲ 38% |
| Employees (FTE) | 70.7 | 136.8 | 146 | 158 | ▲ 12 |
Key figures of Vandemoortele, 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?
What happened at Vandemoortele in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cécile Coutens stepped down as director. NBB
- Philippe Schaillée stepped down as director. NBB
- Artur's Ventures GmbH stepped down as director. NBB
- Arema BV stepped down as director. NBB
- Honest Foods SRL stepped down as director. NBB
- Jean Vandemoortele stepped down as director. NBB
- Artval NV stepped down as director. NBB
- NB Conseil Srl stepped down as director. NBB
In short
From € 27.8 million profit in 2022 to € 13.9 million loss in 2025.
Paid € 4.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 85.3 million profit.
Paid out € 104 million in dividends to the owners in total.
Management
The shares are held by Safinco NV (99.9%) and Vandemoortele NV (0.2%). It owns 100% of Vandemoortele GmbH, 100% of Vamix, 100% of Vandemoortele Transport Solutions NV and 10% of Vandemoortele Lipids NV itself.
Directors
According to the 2025 annual accounts
Natasja Laheij
Director
since 2023 · until 2026
since 2024 · until 2027
Cécile Coutens
Director
since 2025 · until 2029
Marie-Christine Casier
Director
since 2024 · until 2025
Director · represented by Christian Vandemoortele
since 2024 · until 2027
Yvon Guérin
Managing director
Also active at: VANDEMOORTELE TRANSPORT SOLUTIONS, VANDEMOORTELE LIPIDS, VAMIX, VANDEMOORTELE GHISLENGHIEN, VANDEMOORTELE SENEFFE, VANDEMOORTELE EEKLO, VANDEMOORTELE IZEGEM, Grow Vandemoortele
since 2023 · until 2026
Philippe Schaillée
Director
since 2025 · until 2028
Otmar Hofer
Director
since 2023 · until 2025
Director · represented by Nicolas De Briey
since 2024 · until 2027
Panbosch
Director · represented by Erwin Pardon
since 2023 · until 2026
Director · represented by Catherine Marie D. Billiet
since 2024 · until 2027
Artur's Ventures GmbH
Director · represented by Antje Schubert
since 2025 · until 2028
CB Management SASU
Director · represented by Cécile Bonnefond
since 2025 · until 2026
Shareholders
99.9%
0.2%
Participations
Vandemoortele GmbH
100%
100%
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 816
9000 Gent
Prins Albertlaan 12
8870 Izegem
Active since 8 July 2011
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 →VANDEMOORTELE LIPIDS same network
€ 613.3 million revenue · 2025
VAMIX same network
€ 956 million revenue · 2025
Safinco same network
Vandemoortele Europe
€ 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
- 0429.977.343
- VAT number
- BE 0429.977.343
- Registered office
- Ottergemsesteenweg-Zuid 816, 9000 Gent
- Names & denominations
- Vandemoortele
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 1986
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van hoofdkantoren
Coördinatiecentra