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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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WANDELAAR INVEST from Brussel, company number BE0811706589, closed financial year 2025 with a result of € -6.5 million after tax. For that financial year WANDELAAR INVEST recorded revenue of € 11 million and equity of € 6.1 million. Compared with financial year 2024, the result moved from € 3.2 million to € -6.5 million. The company made a loss. The buffer shrank hard: equity is 63 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 6.1 million
▼ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.5 million
▼ still € 3.2 million profit in 2024
Profit after tax over the fiscal year.
€ 5.6 million
▲ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.4 million.
People and assets in 2025
€ 8.1 million
▼ 69% vs 2024
Of which on lease € 8.1 million.
Debts at end 2025
€ 6.4 million
▼ 53% vs 2024
€ 5.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 388,996
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 161 days on average.
€ 222,018
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,798,821 | € 10,882,784 | € 10,946,408 | € 10,998,450 | |
| Profit after taxes | € 2,623,535 | € 3,629,922 | € 3,200,371 | € -6,539,713 | ▼ € 9.7 million |
| Equity | € 13,683,205 | € 15,113,127 | € 16,613,498 | € 6,073,785 | ▼ 63% |
| Total debts | € 30,579,250 | € 24,298,764 | € 16,328,929 | € 11,309,104 | ▼ 31% |
| Cash | € 5,445,080 | € 5,862,705 | € 4,016,485 | € 5,622,131 | ▲ 40% |
| Retained profit | € 9,051,105 | € 10,481,027 | € 11,981,398 | € 1,441,685 | ▼ 88% |
| Dividend | € 1,700,000 | € 2,200,000 | € 1,700,000 | € 4,000,000 | ▲ 135% |
| Bank debt | € 27,882,630 | € 20,945,509 | € 13,793,425 | € 6,417,356 | ▼ 53% |
| Balance sheet total | € 45,235,662 | € 39,411,891 | € 32,942,427 | € 17,382,889 | ▼ 47% |
Key figures of WANDELAAR INVEST, 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 WANDELAAR INVEST?
What happened at WANDELAAR INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Participatiemaatschappij Vlaanderen NV stepped down as director. NBB
- KSH BV stepped down as director. NBB
- Patrick Blondé stepped down as director. NBB
- Jan Adam stepped down as director. NBB
- Ivan Vertenten stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6.5 million (▼ € 9.7 million vs 2024). Source: NBB ↗
- Participatiemaatschappij Vlaanderen NV became a director. NBB
- Jan Adam became a director. NBB
In short
From € 2.6 million profit in 2022 to € 6.5 million loss in 2025.
Paid € 3.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.6 million profit.
Paid out € 9.6 million in dividends to the owners in total.
A new publication or filing at WANDELAAR INVEST? 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 Participatiemaatschappij Vlaanderen, BELFIUS LEASE SERVICES, Haven van Antwerpen - Brugge, BRABO, HAVENLOODSEN EN BOOTLIEDEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
WANDELAAR INVESTThe shares are held by Participatiemaatschappij Vlaanderen (25%), BELFIUS LEASE SERVICES (25%), Haven van Antwerpen - Brugge (25%) and BRABO, HAVENLOODSEN EN BOOTLIEDEN (25%).
Directors
According to the 2025 annual accounts
Participatiemaatschappij Vlaanderen NV
Director · represented by Steven Oosterlynck
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2025 · until 2027
Director · represented by Herman Van Driessche
Also active at: BRABO, HAVENLOODSEN EN BOOTLIEDEN, BREYDEL, BRABO CLEANING COMPANY
since 2024 · until 2027
Patrick Blondé
Chairman of the board
since 2024 · until 2027
Jan Adam
Director
Also active at: Maatschappij voor het haven-, grond- en industrialisatiebeleid van het Linkerscheldeoevergebied, GasthuisZusters Antwerpen, WIND AAN DE STROOM 2014, WIND AAN DE STROOM 2013, GZA, Netwerk ZAS, WIND AAN DE STROOM
since 2024 · until 2027
Ivan Vertenten
Director
since 2024 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oude Graanmarkt 63
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →Moeve Chemicals Belgium
€ 1.3 million gross margin · 2025
BIOTECH FONDS VLAANDEREN same network
Fietsersbond
€ 686,591 gross margin · 2025
Participatiemaatschappij Vlaanderen same network
€ 16.8 million revenue · 2025
SUSTAINABLE ENERGY VENTURES same network
+43 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
- 0811.706.589
- VAT number
- BE 0811.706.589
- Registered office
- Oude Graanmarkt 63, 1000 Brussel
- Names & denominations
- WANDELAAR INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 2009
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en lease van transportmiddelen voor vervoer over water
Personenvervoer over zee- en kustwateren
Diensten in verband met vervoer over water
Personenvervoer over binnenwateren