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 23 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VDL VASTGOED from Kortrijk, company number BE0676737128, closed financial year 2025 with a result of € 45,268 after tax. For that financial year VDL VASTGOED recorded a gross margin of € 127,317 and equity of € 601,501. Compared with financial year 2024, the result moved from € 47,167 to € 45,268. The company is profitable. 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 February 20, 2026.
€ 601,501
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 45,268
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 8,768
▼ 32% 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 € 254,719.
Debts at end 2025
€ 640,735
▼ 12% vs 2024
€ 89,445 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 15,111
Supplier invoices still open on the last day of the fiscal year.
€ 7,716
▲ 96% 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 | € 122,980 | € 126,339 | € 130,866 | € 127,317 | ▼ 3% |
| Profit after taxes | € 42,503 | € 43,478 | € 47,167 | € 45,268 | ▼ 4% |
| Equity | € 465,587 | € 509,065 | € 556,232 | € 601,501 | ▲ 8% |
| Total debts | € 905,838 | € 823,667 | € 734,788 | € 665,688 | ▼ 9% |
| Cash | € 48,891 | € 26,983 | € 12,828 | € 8,768 | ▼ 32% |
| Land & buildings | € 712,677 | € 689,446 | € 700,431 | € 688,411 | ▼ 2% |
| Retained profit | € 118,805 | € 162,283 | € 209,450 | € 254,719 | ▲ 22% |
| Bank debt | € 900,636 | € 815,386 | € 728,759 | € 640,735 | ▼ 12% |
| Balance sheet total | € 1,371,425 | € 1,332,732 | € 1,291,021 | € 1,267,188 | ▼ 2% |
Key figures of VDL VASTGOED, 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 VDL VASTGOED?
What happened at VDL VASTGOED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 45,268 (▼ 4% vs 2024). Source: NBB ↗
- Nikolas Vandelanotte became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Hein Vandelanotte became a director. NBB
In short
From € 42,503 profit in 2022 to € 45,268 profit in 2025.
Paid € 58,534 in corporate taxes since 2022.
Best year ever: 2024, with € 47,167 profit.
Management
The stake of STUDAC BELGIUM, Valurus comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VDL VASTGOEDBehind VDL VASTGOED are Nikolas Vandelanotte and Hein Vandelanotte. The shares are held by STUDAC BELGIUM (38.2%) and Valurus (38.2%).
Directors
According to the 2025 annual accounts
Nikolas Vandelanotte
Director
Also active at: FIDUCIAIRE OMEZ, DESK 21, Callens, Vandelanotte & Theunissen, A&B - Vandelanotte, VANDELANOTTE ++, CALLENS VANDELANOTTE, ARENDONKSE ACCOUNTANTS ASSOCIATIE, Crowe Spark Accountants en Belastingadviseurs +17 more
since 2021
Hein Vandelanotte
Director
Also active at: LE DOUX & MORTELMANS, Vlaams Netwerk van Ondernemingen, Zonnebloem, VANDELANOTTE ++, STUDAC INTERNATIONAL, STUDAC BELGIUM, COHABS MA CAMPAGNE 2, AI-GUST +1 more
since 2017
Shareholders
38.2%
38.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
President Kennedypark(Kor) 1a
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →'t Manneke uit de Mane
VDL Acc
VDL Rev
Accountancy 4 Foreigners same network
€ 276,779 gross margin · 2025
Human Capital District
€ 32 gross margin · 2026
+5 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
- 0676.737.128
- VAT number
- BE 0676.737.128
- Registered office
- President Kennedypark(Kor) 1a, 8500 Kortrijk
- Names & denominations
- VDL VASTGOED
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 June 2017
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen