Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 72.7 to 65.3.
Financials
Financial year 2025
Kipco - Damaco from Oostrozebeke, company number BE0464952078, closed financial year 2025 with a result of € 184,642 after tax. For that financial year Kipco - Damaco recorded revenue of € 88.9 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € -747,696 to € 184,642. 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 April 17, 2026.
€ 3.3 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 184,642
▲ still € 747,696 loss in 2024
Profit after tax over the fiscal year.
€ 665,872
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.9 million.
People and assets in 2025
65.3
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.6 million
▼ 3% vs 2024
€ 55,400 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.
€ 242,152
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.8 million
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 8.9 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 508,830
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 112,889,163 | € 120,685,881 | € 90,634,723 | € 88,885,701 | ▼ 2% |
| Profit after taxes | € 476,808 | € -3,230,978 | € -747,696 | € 184,642 | ▲ € 932,338 |
| Equity | € 7,093,259 | € 3,862,281 | € 3,114,585 | € 3,299,226 | ▲ 6% |
| Total debts | € 26,739,465 | € 25,170,347 | € 24,811,636 | € 21,605,033 | ▼ 13% |
| Cash | € 551,847 | € 1,093,731 | € 691,554 | € 665,872 | ▼ 4% |
| Land & buildings | € 121,690 | € 91,354 | € 119,277 | € 92,398 | ▼ 23% |
| Retained profit | € 1,893,259 | € -1,337,719 | € -2,085,415 | € -1,900,774 | ▲ € 184,642 |
| Dividend | € 470,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 8,911,250 | € 10,797,902 | € 10,402,512 | € 9,763,636 | ▼ 6% |
| Balance sheet total | € 33,832,724 | € 29,032,628 | € 27,926,220 | € 24,904,260 | ▼ 11% |
| Employees (FTE) | 63.4 | 72.7 | 69.3 | 65.3 | ▼ 4 |
Key figures of Kipco - Damaco, 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 April 2027.
What happened to Kipco - Damaco?
What happened at Kipco - Damaco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vandaele & Co nv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 184,642. Source: NBB ↗
- BVD-Con bv stepped down as director. NBB
- Vleesmarkt-Chicken Express bv stepped down as director. NBB
- All Meat bv stepped down as director. NBB
- BVD-Con bv became a director. NBB
- Vleesmarkt-Chicken Express bv became a director. NBB
- Vandaele & Co nv became a director. NBB
In short
From € 476,808 profit in 2022 to € 184,642 profit in 2025.
Paid € 661,708 in corporate taxes since 2022.
Best year ever: 2022, with € 476,808 profit.
Paid out € 470,000 in dividends to the owners in total.
Management
The stake of VANDAELE & CO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Kipco - DamacoThe shares are held by VANDAELE & CO (99.7%).
Directors
According to the 2025 annual accounts
Director · represented by Brigitte Callewier
Also active at: VANDAELE & CO, MID-INVEST, Empro Europe, Damaco Foods Belgium
since 2023 · until 2025
Managing director · represented by Eddy Bauts
Also active at: SUGAR MAN, A.P.C. FOOD, COCEVA IMMO
since 2023 · until 2026
Managing director · represented by Bruno Vandaele
since 2023 · until 2029
Managing director · represented by Iris Vandaele
Also active at: VANDAELE & CO, Idesco, VLEESMARKT - CHICKEN EXPRESS, MID-INVEST, Damaco Foods Belgium
since 2023 · until 2025
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dentergemstraat 164
8780 Oostrozebeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0464.952.078
- VAT number
- BE 0464.952.078
- Registered office
- Dentergemstraat 164, 8780 Oostrozebeke
- Names & denominations
- Kipco - Damaco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1998
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Productie van vers vlees van gevogelte
Verwerking en conservering van vlees van gevogelte
Vervaardiging van producten van vlees of van vlees van gevogelte
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
Niet-gespecialiseerde groothandel in diepgevroren voedingsmiddelen
Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild
Groothandel in afval en schroot
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