Financials
Financial year 2025
Vandenbussche from Aalter, company number BE0433164683, closed financial year 2025 with a result of € 4.2 million after tax. For that financial year Vandenbussche recorded revenue of € 114.2 million and equity of € 13.3 million. Compared with financial year 2024, the result moved from € 2.3 million to € 4.2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 13.3 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.2 million
▲ 77% vs 2024
Profit after tax over the fiscal year.
€ 8.7 million
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.2 million paid out
77 % of the profit went to the shareholders, mostly to CELSUS NV (90 % of the shares). That is where the money ends up.
People and assets in 2025
164.1
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 12.8 million
▲ 4% vs 2024
€ 78,200 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.
€ 850,110
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▲ € 1.1 million vs 2024
€ 331,250 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 23.7 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.
€ 2.4 million
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 102,029,296 | € 118,443,897 | € 97,925,165 | € 114,152,871 | ▲ 17% |
| Profit after taxes | € 4,616,393 | € 3,500,746 | € 2,345,653 | € 4,155,270 | ▲ 77% |
| Equity | € 14,174,909 | € 14,975,655 | € 12,321,308 | € 13,276,578 | ▲ 8% |
| Total debts | € 30,653,231 | € 29,635,043 | € 26,815,265 | € 30,823,180 | ▲ 15% |
| Cash | € 2,689,952 | € 3,961,634 | € 6,518,113 | € 8,715,252 | ▲ 34% |
| Retained profit | € 13,598,796 | € 14,399,542 | € 11,745,195 | € 12,700,465 | ▲ 8% |
| Dividend | € 3,200,000 | € 2,700,000 | € 5,000,000 | € 3,200,000 | ▼ 36% |
| Bank debt | € 0 | € 0 | € 202,886 | € 1,272,402 | ▲ € 1.1 million |
| Balance sheet total | € 44,828,140 | € 44,610,698 | € 39,136,573 | € 44,099,758 | ▲ 13% |
| Employees (FTE) | 162.5 | 167.8 | 162.3 | 164.1 | ▲ 1.8 |
Key figures of Vandenbussche, 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 Vandenbussche?
What happened at Vandenbussche in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Leen VANDENBUSSCHE stepped down as director. NBB
- Griet VANDERMEERSCH stepped down as director. NBB
- Els VANDENBUSSCHE stepped down as director. NBB
- ELATUS BV stepped down as director. NBB
- CELSUS NV stepped down as director. NBB
- Wouter DE GEEST stepped down as director. NBB
- COMMUNICATING PEOPLE BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.2 million (▲ 77% vs 2024). Source: NBB ↗
In short
From € 4.6 million profit in 2022 to € 4.2 million profit in 2025.
Paid € 4.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.6 million profit.
Paid out € 14.1 million in dividends to the owners in total.
Management
The shares are held by CELSUS NV (90%) and ELATUS BV (10%).
Directors
According to the 2025 annual accounts
Wouter DE GEEST
Director
Also active at: BESIX Group, VLAAMS ECONOMISCH VERBOND, Tessenderlo Group, VOKA - VLAAMS NETWERK VAN ONDERNEMINGEN, AERTSSEN GROUP, Antwerp Symphony Orchestra, Rombit Group, Netwerk ZAS
since 2023 · until 2027
Director · represented by Nicolas BEARELLE
Also active at: Revive World, ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT, Lina Invest, Revive Fund Management
since 2023 · until 2027
since 2023 · until 2029
since 2023 · until 2029
Director · represented by Kristof DEFRUYT
since 2023 · until 2029
since 2023 · until 2026
Managing director · represented by Dirk VANDENBUSSCHE
Also active at: QUBUS, ELSELEEN, CORABO, Immo Kronenhoek, RIVUS PROJECTS
since 2023 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groendreef 21
9880 Aalter
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0433.164.683
- VAT number
- BE 0433.164.683
- Registered office
- Groendreef 21, 9880 Aalter
- Names & denominations
- Vandenbussche
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 1988
- Peppol
- Active · Active since 19 Dec 2025
- Contact
- vandenbusschebouw.be
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