Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
32 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Vendis Capital III from Machelen (Brab.), company number BE0728763176, closed financial year 2025 with a result of € -34.9 million after tax. For that financial year Vendis Capital III recorded a gross margin of € -4.7 million and equity of € 214.4 million. Compared with financial year 2024, the result moved from € -22.5 million to € -34.9 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 214.4 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34.9 million
▼ 55 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.2 million
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -83.6 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 32,797
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,447,708 | € -6,448,903 | € -4,855,583 | € -4,734,476 | ▲ € 121,106 |
| Profit after taxes | € -5,314,306 | € -5,222,508 | € -22,460,054 | € -34,894,541 | ▼ € 12.4 million |
| Equity | € 163,255,377 | € 211,960,042 | € 243,187,309 | € 214,424,649 | ▼ 12% |
| Total debts | € 635,571 | € 144,449 | € 196,942 | € 147,816 | ▼ 25% |
| Cash | € 2,049,833 | € 13,318,419 | € 3,584,138 | € 2,226,779 | ▼ 38% |
| Retained profit | € -21,017,158 | € -26,239,666 | € -48,699,719 | € -83,594,260 | ▼ € 34.9 million |
| Balance sheet total | € 163,890,948 | € 212,104,491 | € 243,384,252 | € 214,572,465 | ▼ 12% |
Key figures of Vendis Capital III, 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 Vendis Capital III?
What happened at Vendis Capital III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34.9 million. Source: NBB ↗
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 5.3 million loss in 2022 to € 34.9 million loss 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
The stake of BELGENEXT, V3 GP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vendis Capital IIIBehind Vendis Capital III is V3 GP CommV. The shares are held by BELGENEXT (1%) and V3 GP (0%). It owns 100% of Green Gut Beteiligungs, 100% of V3 Finance, 100% of Green Gut Komplementär, 90% of GCF, 84.4% of Silver Care and 76.1% of Silver Care Management itself.
Directors
According to the 2025 annual accounts
Director · represented by Cedric Olbrechts
Participations
Green Gut Beteiligungs
100%
100%
Green Gut Komplementär
100%
GCF
90%
Silver Care
84.4%
Silver Care Management
76.1%
MCW Beteiligungs
70%
MCW Komplentär
70%
D&F Holding
69.4%
Skins Enterprises
69%
PG Management
66.5%
MCW Invest
65.8%
Surprise Holding Management
65%
Pokawa SAS
60%
PG Acquisition Holding
60%
Green Gut Holding
52.4%
House of Discs Topco AS
49.5%
GCF Management
15%
Skins Cosmetics Management
0.4%
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
€ 25.4 million gross margin · 2025
VENDIS CAPITAL MANAGEMENT
€ 4.9 million gross margin · 2024
VENDIS CAPITAL II
€ 268,012 revenue · 2025
VENDIS CAPITAL INVESTMENT POOL
€ -7,967 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
- 0728.763.176
- VAT number
- BE 0728.763.176
- Registered office
- Jan Mommaertslaan 22, 1831 Machelen (Brab.)
- Names & denominations
- Vendis Capital III
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 21 June 2019
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Overige zakelijke dienstverlening, neg