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 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VANDU from Avelgem, company number BE0754374542, closed financial year 2025 with a result of € 14,736 after tax. For that financial year VANDU recorded a gross margin of € 216,402 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 45,262 to € 14,736. 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 June 16, 2026.
€ 3.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,736
▼ 67% vs 2024
Profit after tax over the fiscal year.
€ 29,471
▼ 8% 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 € 164,435.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 644,540
▼ 25% vs 2024
€ 214,286 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,249
▲ 135% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 191,081 | € 215,323 | € 211,228 | € 216,402 | ▲ 2% |
| Profit after taxes | € 35,716 | € 51,316 | € 45,262 | € 14,736 | ▼ 67% |
| Equity | € 3,015,121 | € 3,066,437 | € 3,111,700 | € 3,126,435 | |
| Total debts | € 1,298,716 | € 1,099,151 | € 3,937,907 | € 4,877,709 | ▲ 24% |
| Cash | € 2,942 | € 6,780 | € 31,912 | € 29,471 | ▼ 8% |
| Land & buildings | € 2,733,808 | € 2,643,808 | € 2,553,808 | € 2,463,808 | ▼ 4% |
| Retained profit | € 53,121 | € 104,437 | € 149,700 | € 164,435 | ▲ 10% |
| Bank debt | € 1,285,714 | € 1,083,929 | € 860,523 | € 644,540 | ▼ 25% |
| Balance sheet total | € 4,313,837 | € 4,165,588 | € 7,049,607 | € 8,004,145 | ▲ 14% |
Key figures of VANDU, 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 VANDU?
What happened at VANDU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,736 (▼ 67% vs 2024). Source: NBB ↗
- Gilles Vantieghem became a director. NBB
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
- GILVA BV became a director. NBB
In short
From € 35,716 profit in 2022 to € 14,736 profit in 2025.
Paid € 50,106 in corporate taxes since 2022.
Best year ever: 2023, with € 51,316 profit.
Management
Behind VANDU are Gilles Vantieghem and GILVA BV. The shares are held by GILVA. It owns 100% of Inter-Ceram itself.
Directors
According to the 2025 annual accounts
since 2022
Director · represented by Vantieghem Piet
Also active at: ERIK VANTIEGHEM, INTER-CERAM, INPALCO, GUVVI, SiVaTrans, Bakkersgrond
since 2020
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Leynseelstraat 154
8580 Avelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ERIK VANTIEGHEM same network
€ 77.9 million revenue · 2025
INPALCO same network
€ 422,236 gross margin · 2025
GILVA same network
€ 294,510 gross margin · 2025
GUVVI same network
€ 741,621 gross margin · 2025
AXVA
€ 147,807 gross margin · 2025
+3 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
- 0754.374.542
- VAT number
- BE 0754.374.542
- Registered office
- Leynseelstraat 154, 8580 Avelgem
- Names & denominations
- VANDU
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 2020
- Peppol
- Active · Active since 14 Jan 2026