Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 14.1 to 8.6.
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Busy address KBO
32 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
VENDIS CAPITAL MANAGEMENT from Machelen (Brab.), company number BE0500657778, closed financial year 2024 with a result of € 764,075 after tax. For that financial year VENDIS CAPITAL MANAGEMENT recorded a gross margin of € 4.9 million and equity of € 3.3 million. Compared with financial year 2023, the result moved from € 223,406 to € 764,075. 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 November 28, 2025.
€ 3.3 million
▲ 30% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 764,075
▲ 242% vs 2023
Profit after tax over the fiscal year.
€ 897,646
▲ 58% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 3.1 million.
People and assets in 2024
8.6
▼ 5.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 9% vs 2023
€ 347,600 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.
€ 308,736
▲ 61% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 3.7 million
▲ € 3.2 million vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 480,287
▲ 2% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 3,392,660 | € 2,797,510 | € 3,139,406 | € 4,856,540 | ▲ 55% |
| Profit after taxes | € 868,244 | € 349,679 | € 223,406 | € 764,075 | ▲ 242% |
| Equity | € 1,932,250 | € 2,281,929 | € 2,505,335 | € 3,269,409 | ▲ 30% |
| Total debts | € 1,345,731 | € 940,546 | € 1,022,822 | € 4,193,037 | ▲ € 3.2 million |
| Cash | € 2,097,955 | € 1,419,500 | € 566,930 | € 897,646 | ▲ 58% |
| Retained profit | € 1,912,250 | € 2,156,927 | € 2,380,333 | € 3,144,407 | ▲ 32% |
| Balance sheet total | € 3,277,981 | € 3,222,475 | € 3,528,157 | € 7,462,446 | ▲ 112% |
| Employees (FTE) | 12.9 | 14.1 | 14 | 8.6 | ▼ 5.4 |
Key figures of VENDIS CAPITAL MANAGEMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VENDIS CAPITAL MANAGEMENT?
What happened at VENDIS CAPITAL MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 764,075 (▲ 242% vs 2023). filed late Source: NBB ↗
- Michiel Deturck became a director. NBB
- Dominique Gaillard became a director. NBB
- Ginko BV became a director. NBB
- Willem Van Aelten became a director. NBB
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 868,244 profit in 2021 to € 764,075 profit in 2024.
Paid € 802,798 in corporate taxes since 2021.
Best year ever: 2021, with € 868,244 profit.
On average € 564,700 of value added per employee in 2024.
A new publication or filing at VENDIS CAPITAL MANAGEMENT? We notify you, reason included.
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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
The stake of NET FUND EUROPE, Fsmbe, VF Holdco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VENDIS CAPITAL MANAGEMENTBehind VENDIS CAPITAL MANAGEMENT are Michiel Deturck, FSMBE BV, Dominique Gaillard, Ginko BV and Willem Van Aelten. The shares are held by NET FUND EUROPE (25%), Fsmbe (25%) and VF Holdco (4%). It owns 100% of VCM Germany GmbH, 100% of VCM Consult, 100% of V4 GP and 100% of V3 GP BV itself.
Directors
According to the 2024 annual accounts
since 2025
Director · represented by Vincent Braams
Dominique Gaillard
Director
since 2025
Director · represented by Cédric Olbrechts
Also active at: TILMAN, NET FUND EUROPE, VENDIS MANAGEMENT BVBA, V4 COV
since 2025
Willem Van Aelten
Director
since 2025
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Jan Mommaertslaan 22
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 32 companies are registered at this address.
All companies at this address →VLAAMSE BEDRIJFSDATABANK
NET FUND EUROPE same network
€ 25.4 million gross margin · 2025
VENDIS CAPITAL II
€ 268,012 revenue · 2025
VENDIS CAPITAL INVESTMENT POOL
€ -7,967 gross margin · 2025
VENDIS CAPITAL INVESTMENT POOL II
€ -8,437 gross margin · 2025
+27 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
- 0500.657.778
- VAT number
- BE 0500.657.778
- Registered office
- Jan Mommaertslaan 22, 1831 Machelen (Brab.)
- Names & denominations
- VENDIS CAPITAL MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 2012
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige zakelijke dienstverlening, neg
Diverse administratieve activiteiten ten behoeve van kantoren