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 50 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 35.8 to 23.7.
Financials
Financial year 2025
VANDAPOWER from Erpe-Mere, company number BE0860092268, closed financial year 2025 with a result of € 155,395 after tax. For that financial year VANDAPOWER recorded revenue of € 11.6 million and equity of € 1.7 million. Compared with financial year 2025, the result moved from € 99,623 to € 155,395. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 1.7 million
▲ 10% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 155,395
▲ 56% vs 2025
Profit after tax over the fiscal year.
€ 175,516
▲ 56% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.6 million.
People and assets in 2025
23.7
▼ 9.5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 39% vs 2025
€ 52,700 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.
€ 39,667
▼ 27% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.5 million
▼ 7% vs 2025
€ 259,158 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5.1 million
▲ 53% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 169 days on average.
€ 195,604
▼ 38% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2025 | Change 2025 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,333,698 | € 17,953,623 | € 15,787,309 | € 11,605,787 | ▼ 26% |
| Profit after taxes | € 97,059 | € 309,222 | € 99,623 | € 155,395 | ▲ 56% |
| Equity | € 1,015,435 | € 1,471,327 | € 1,570,951 | € 1,726,346 | ▲ 10% |
| Total debts | € 8,084,701 | € 7,674,441 | € 7,841,913 | € 9,526,774 | ▲ 21% |
| Cash | € 392,559 | € 228,372 | € 112,668 | € 175,516 | ▲ 56% |
| Land & buildings | € 514 | € 7,474 | € 46,946 | € 56,019 | ▲ 19% |
| Retained profit | € 953,935 | € 1,391,227 | € 1,490,851 | € 1,646,246 | ▲ 10% |
| Bank debt | € 4,240,570 | € 4,122,030 | € 3,812,444 | € 3,544,048 | ▼ 7% |
| Balance sheet total | € 9,100,136 | € 9,145,768 | € 9,412,863 | € 11,253,120 | ▲ 20% |
| Employees (FTE) | 3.2 | 35.8 | 33.2 | 23.7 | ▼ 9.5 |
Key figures of VANDAPOWER, fiscal years 2023 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 VANDAPOWER?
What happened at VANDAPOWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,623 (▼ 68% vs 2024). Source: NBB ↗
- Vandapower Group NV stepped down as director. NBB
- Vandapower Group NV became a director. NBB
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,059 profit in 2023 to € 155,395 profit in 2025.
Paid € 204,953 in corporate taxes since 2023.
Best year ever: 2024, with € 309,222 profit.
Pays suppliers within 169 days on average.
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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 shares are held by Vandapower Group (100%).
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Joseph Cardijnstraat 14
9420 Erpe-Mere
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
vandapower.com
Registered
2005-07-18
Registrar
NameWeb BVBA
Expires
2026-07-18
Website info
Features
Security
Details
- Company number
- 0860.092.268
- VAT number
- BE 0860.092.268
- Registered office
- Joseph Cardijnstraat 14, 9420 Erpe-Mere
- Names & denominations
- VANDAPOWER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 August 2003
- Peppol
- Active · Active since 20 Feb 2026
- Contact
- vandapower.com
- Activities · NACE
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