Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 12.8 to 3.1.
Financials
Financial year 2025
VANDAELE CONSTRUCT from Ieper, company number BE0474420565, closed financial year 2025 with a result of € 89,948 after tax. For that financial year VANDAELE CONSTRUCT recorded a gross margin of € 353,990 and equity of € 344,637. Compared with financial year 2024, the result moved from € 44,763 to € 89,948. 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 March 19, 2026.
€ 344,637
▲ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,948
▲ 101% vs 2024
Profit after tax over the fiscal year.
€ 194,556
▲ 129% 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 € -17,363.
People and assets in 2025
3.1
▼ 9.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 241,084
▼ 62% vs 2024
€ 77,800 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 135,425
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,401
▼ 95% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 773,344 | € 722,358 | € 758,404 | € 353,990 | ▼ 53% |
| Profit after taxes | € 2,040 | € -8,444 | € 44,763 | € 89,948 | ▲ 101% |
| Equity | € 218,370 | € 209,926 | € 254,689 | € 344,637 | ▲ 35% |
| Total debts | € 621,242 | € 813,843 | € 639,051 | € 295,871 | ▼ 54% |
| Cash | € 61,084 | € 64,291 | € 84,811 | € 194,556 | ▲ 129% |
| Retained profit | € -143,630 | € -152,074 | € -107,311 | € -17,363 | ▲ € 89,948 |
| Bank debt | € 38,538 | € 353,769 | € 232,382 | € 0 | ▼ 100% |
| Balance sheet total | € 839,612 | € 1,023,769 | € 893,740 | € 640,508 | ▼ 28% |
| Employees (FTE) | 14.2 | 12.8 | 12.4 | 3.1 | ▼ 9.3 |
Key figures of VANDAELE CONSTRUCT, 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 VANDAELE CONSTRUCT?
What happened at VANDAELE CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 89,948 (▲ 101% vs 2024). Source: NBB ↗
- Martijn Vandaele became a director. NBB
- Philip Vandaele became a director. NBB
- Magda Vynckier became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,040 profit in 2022 to € 89,948 profit in 2025.
Paid € 3,296 in corporate taxes since 2022.
Best year ever: 2025, with € 89,948 profit.
On average € 114,200 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VANDAELE CONSTRUCT are Martijn Vandaele, Philip Vandaele and Magda Vynckier. The same people are also behind WESTLIMOUSINE. Philip Vandaele is also behind Demasi and PHIMONTA. Magda Vynckier is also behind Demasi and PHIMONTA.
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Bargiestraat 34
8904 Ieper
Bargiestraat 34
8900 Ieper
Active since 22 May 2001
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.
Details
- Company number
- 0474.420.565
- VAT number
- BE 0474.420.565
- Registered office
- Bargiestraat 34, 8904 Ieper
- Names & denominations
- VANDAELE CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 2001
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
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