Financials
Financial year 2025
VAPAMA from Izegem, company number BE0448986076, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year VAPAMA recorded a gross margin of € 522,592 and equity of € 6.6 million. Compared with financial year 2024, the result moved from € 930,607 to € 1.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 6.6 million
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 62% vs 2024
Profit after tax over the fiscal year.
€ 100,177
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2,000 paid out
0 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 7.2 million
▲ 3% vs 2024
€ 718,918 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 102,925
▲ € 99,551 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,354
▲ 31% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 282,593 | € 428,417 | € 743,814 | € 522,592 | ▼ 30% |
| Profit after taxes | € 270,380 | € 254,517 | € 930,607 | € 1,511,675 | ▲ 62% |
| Equity | € 4,023,544 | € 4,178,061 | € 5,106,667 | € 6,616,343 | ▲ 30% |
| Total debts | € 4,006,518 | € 3,628,349 | € 7,856,703 | € 7,510,662 | ▼ 4% |
| Cash | € 185,563 | € 179,170 | € 93,749 | € 100,177 | ▲ 7% |
| Land & buildings | € 448,310 | € 430,173 | € 412,035 | € 393,898 | ▼ 4% |
| Retained profit | € 2,523,544 | € 2,678,061 | € 3,606,667 | € 5,116,343 | ▲ 42% |
| Dividend | € 15,000 | € 100,000 | € 2,000 | € 2,000 | |
| Bank debt | € 3,265,645 | € 3,103,237 | € 6,972,611 | € 7,160,394 | ▲ 3% |
| Balance sheet total | € 8,030,062 | € 7,806,410 | € 12,963,370 | € 14,127,005 | ▲ 9% |
Key figures of VAPAMA, 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 VAPAMA?
What happened at VAPAMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 62% vs 2024). Source: NBB ↗
- Paul Vandekerckhove stepped down as director. NBB
- Ann Goesaert stepped down as director. NBB
- Ann Goesaert became a director. NBB
- Paul Vandekerckhove became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 270,380 profit in 2022 to € 1.5 million profit in 2025.
Paid € 347,554 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 119,000 in dividends to the owners in total.
Management
It owns 50% of Brugse Bandencentrale Puype-VDK, 50% of Torhoutse Bandencentrale Puype-VDK, 50% of Varian, 33.3% of Tyre Service Center, 33.3% of Belgian Tyre Services and 33.3% of Bandencentrale Van Wassenhove itself.
Directors
According to the 2025 annual accounts
Paul Vandekerckhove
Managing director
Also active at: IMMO VDK, BANDENCENTRALE PUYPE, BELGIAN TYRE SERVICES, VARIAN, BANDENBEDRIJF VANDEKERCKHOVE
since 2020 · until 2026
Ann Goesaert
Director
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Hollebeekstraat 14
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.986.076
- VAT number
- BE 0448.986.076
- Registered office
- Hollebeekstraat 14, 8870 Izegem
- Names & denominations
- VAPAMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 1992
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
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