Interim / Quarterly Report • Aug 27, 2025
Interim / Quarterly Report
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| Consolidated statement of profit and loss and other comprehensive income | 30.06.2025 | 30.06.2024 |
|---|---|---|
| Consolidated Statement of Profit and loss (in € 000) | ||
| Turnover | 110 033 | 133 258 |
| Other operating income | 2 436 | 2 604 |
| Cost of materials | -18 358 | -20 760 |
| Other expenses | -40 913 | -40 212 |
| Personnel expenses | -26 146 | -24 876 |
| Depreciation and amortization | -5 315 | -5 427 |
| Operating Profit | 21 735 | 24 587 |
| Finance income | 1 063 | 1 252 |
| Finance costs | -1 491 | -956 |
| Share of result of associates | -439 | 462 |
| Profit before taxes | 20 871 | 25 345 |
| Income taxes | -5 101 | -5 686 |
| Profit for the period | 15 770 | 19 659 |
| Basic earnings per share (in euro) | 1,25 | 1,54 |
| Diluted earnings per share (in euro) | 1,25 | 1,54 |
| Other comprehensive income | ||
| Exchange differences on transitions of foreign operations related to Group entities: | -1 239 | 676 |
| Gains and losses related to Group entities | -536 | 427 |
| Gains and losses related to associated companies | -703 | 249 |
| Share of other comprehensive income of investments accounted for using the equity method | 183 | -101 |
| Items that me be reclassified to profit or loss | -1 055 | 575 |
| Recalculation gains/(losses) on defined benefit plans | 106 | 101 |
| Items that will not be reclassified to profit or loss | 106 | 101 |
| Total of profit for the period and other comprehensive income | 14 799 | 20 335 |
On a comparable basis (including comparable seasonal deliveries), the consolidated turnover decreases by 3.5% during the first 6 months of 2025, to m€ 112.1. The reported turnover decreases with 2.8% from m€ 113.3 to m€ 110.0.
The comparable turnover evolution consists of the following components:
| In € 000 |
30.06.2025 | 30.06.2024 | % |
|---|---|---|---|
| Turnover B2B segment (1) | 80 376 | 84 967 | -5.4% |
| Turnover D2C segment (2) | 29 657 | 28 291 | 4.8% |
| Total Turnover | 110 033 | 113 258 | -2.8% |
| Deliveries winter collection in H1 2025 and 2024 |
-3 139 | -1 674 | |
| Deliveries summer collection in H2 2024 en 2023 |
5 236 | 4 574 | |
| Comparable Turnover B2B segment | 82 410 | 87 864 | -6.2% |
| Comparable Turnover D2C segment | 29 720 | 28 295 | 5.0% |
| Total comparable turnover | 112 130 | 116 158 | -3.5% |
The D2C segment grew by 5.0% in the first semester. Our brand websites are performing strongly, supported by a data-driven approach in which digital campaigns are continuously optimized. This results in growth of the lingerie assortment across segments in our main markets, except for Germany, where the entire premium lingerie market was under pressure in the first semester. Growth in the D2C segment is further reinforced by geographic expansion and a greater presence on external marketplace platforms.
(1) The B2B segment refers to sales realized at wholesale price. Today this concerns the business with independent retail, e-tail partners, franchisees and department stores.
(2) The D2C segment refers to sales realized at retail price. Today this concerns the business from our own store network, our own websites and the concession sales in department stores. A complete overview of the segments can be found at pages 12-14.
Revenue in the B2B segment fell by 6.2%. The Swim segment experienced a challenging semester: both pre-sales and sales in the first quarter lagged behind, partly due to high inventory levels. In the second quarter, however, sales picked up. Within the B2B segment, the IRP channel (independent retail partners) remains under pressure, but we continue to actively support our partners with targeted actions. At the same time, we are focusing more strongly on department stores, where, through renewed contracts, we are gaining greater control over the offering and brand positioning.
The months of April and May were particularly difficult in the United States. Due to import tariffs, we were forced for several weeks to significantly limit our offering. In the meantime, various measures have been taken, tariffs have decreased, and the full range is once again available.
The other operating income and expenses consists out of following elements:
| (in € 000) | 30.06.2025 | 30.06.2024 |
|---|---|---|
| Revenue from charged costs | 1 696 | 1 817 |
| Revenue from recovered costs | 380 | 429 |
| Other revenue | 359 | 357 |
| Other operating income | 2 436 | 2 604 |
| Subcontracting costs | -10 977 | -9 883 |
| Distribution costs | -6 246 | -6 134 |
| Sales and marketing costs | -14 363 | -14 474 |
| Other costs | -9 326 | -9 722 |
| Other expenses | -40 913 | -40 212 |
The other expenses amount to m€ 40.9 in H1 2025, ending 1.7% higher than in H1 2024. The increase is mainly due to subcontracting costs also being subject to inflation.
The cost price of materials ends up m€ 2.4 lower in H1 2025 at m€ 18.4. The decrease is mainly due to lower sales in the first half of 2025.
The personnel expenses end up 5.0% higher in H1 2025 at m€ 26.1. Personnel costs were subject to inflation.
On a comparable basis (including comparable seasonal deliveries), consolidated EBITDA in 2025 H1 amounts to m€ 28.4 compared to m€ 31.9 in 2024 H1. The reported EBITDA decreases by 9.9% in 2025 H1 from m€ 30 in 2024 H1 to m€ 27.1. EBITDA on a comparable basis corresponds to 25.3% of the turnover compared to 27.4% in 2024 H1.
| (in € 000) | 30.06.2025 | 30.06.2024 |
|---|---|---|
| EBITDA | ||
| Operating Profit | 21 735 | 24 578 |
| Depreciation and amortization | -5 315 | -5 427 |
| EBITDA | 27 050 | 30 014 |
| Comparable EBITDA |
||
| EBITDA on comparable seasonal deliveries | 1 384 | 1 914 |
| Comparable EBITDA | 28 434 | 31 928 |
The decline in EBITDA is primarily due to the decline in swim sales, the disruption in the United States, and the efforts surrounding the launch of the first Sarda summer collections. The gross margin remained solid and in line with previous years' results. Operating costs remained generally stable despite the global pressure of wage indexation and inflation. We continue to actively focus on efficient and wellconsidered management of our resources.
No impairment tests were performed in the first half of 2025 as there were no impairment indicators.
The financial result during the first half of 2025 amounts to m€ -0.4. compared to m€ 0.3 during the first half of 2024. The difference of m€ -0.8 is mainly explained by:
The estimated result based on non-audited numbers in the first half of 2025 of the participation (25.66%) in Top Form International Ltd. based on the 'equity'-method is m€ -0.4 compared to m€ 0.5 in the first half of 2024.
The results will be published by Top Form International Ltd. on 25 September 2025.
The tax rate amounts to 23.9%, compared to 22.9% in 2024 H1.
In the first half of 2025, the group profit ended at m€ 15.8 compared to m€ 19.7 in the first half of 2024.
| Consolidated Balance sheet (in € 000) | 30.06.2025 31.12.2024 | |
|---|---|---|
| Total fixed assets | 77 204 | 78 960 |
| Goodwill | 4 587 | 4 640 |
| Intangible fixed assets | 20 614 | 20 832 |
| Tangible fixed assets | 29 750 | 29 699 |
| Right-of-use assets |
9 247 | 10 392 |
| Participations (equity method) | 10 704 | 11 663 |
| Deferred tax assets | 0 | 0 |
| Other fixed assets | 2 302 | 1 735 |
| Total current assets | 109 814 | 123 433 |
| Inventories | 42 125 | 42 302 |
| Trade receivables | 22 954 | 15 159 |
| Other current assets | 5 879 | 7 062 |
| Cash and cash equivalents | 38 857 | 58 910 |
| Total assets | 187 018 | 202 393 |
| Equity | 144 738 | 162 431 |
| Share capital | 1 936 | 1 936 |
| Treasury shares | -7 961 | -12 989 |
| Share premium | 743 | 743 |
| Other comprehensive income | -4 193 | -3 222 |
| Retained earnings | 154 211 | 175 962 |
| Grants | 0 | 41 |
| Total non-current liabilities | 9 344 | 10 950 |
| Provisions | 107 | 155 |
| Provisions lease liability | 656 | 614 |
| Pensions | 1 310 | 1 552 |
| Lease liability | 6 366 | 7 497 |
| Deferred tax liability | 905 | 1 132 |
| Total current liabilities | 32 936 | 28 971 |
| Trade and other payables | 26 143 | 23 575 |
| Lease liability | 3 234 | 3 240 |
| Other current liabilities | 3 302 | 1 860 |
| Income taxes payable | 258 | 297 |
| Total equity and liabilities | 187 018 | 202 393 |
The fixed assets decrease by 2.2% in comparison to the end of 2024. The following factors mainly determine the evolution in fixed assets:
| Participations in associates (in € 000) | Top Form |
|---|---|
| At 31/12/2024 | 11 663 |
| Share in profit for the year 'equity' pick-up 2025 | -439 |
| Share in other comprehensive income (conversion impact) | 183 |
| Share in other comprehensive income (revaluation reserve) | 0 |
| Conversion profit and losses | -703 |
| At 30/06/2025 | 10 704 |
| Equity Top Form in 000 HKD at 30/06/2025 | 358 834 |
| Share of Van de Velde in equity (25.66%) in 000 HKD | 92 085 |
| Share of Van de Velde in equity (0.118566) in 000 EUR |
10 704 |
Current assets are 11.0% lower compared to the end of 2024 because of the reasons listed below:
Trade receivables are €7.8 million higher than at the end of 2024. However, due to seasonal effects, this should be compared with the balance sheet at June 2024 (€18.5 million). Compared to H1 2024, trade receivables are €4.5 million higher. This is due to higher revenue in the final months of H1 2025 and higher deliveries of the winter collection in June.
Other current assets are 16.8% lower, or €1.2 million, than at the end of 2024. This is mainly due to the decrease in tax receivables.
The cash position is €20.1 million lower at the end of 2024. For more details, please refer to the cash flow statement.
The fair value of financial assets and liabilities (cash, trade receivables, trade payables, etc.) approximates their carrying amount.
Total shareholders' equity amounts to m€ 144.7on 30th of June 2025. Equity accounts for 77.4% of the balance sheet total. For more details, see the Statement of change in equity.
Non-current and current liabilities were at m€ 9.3 and m€ 32.9 respectively:
| Equity of the company | Non-consolidated associates | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in € 000) | Share capital |
Treasury shares |
Share premium |
Pension reserves |
Cumulated comprehensive income |
Retained earnings |
Revaluation reserve of (1) shares |
Share in revaluation reserve Top Form |
Cumulated comprehensive income |
Total equity |
| Equity on 1 January 2024 | 1 936 | -6 596 | 743 | -382 | 1 722 | 174 352 |
-6 406 | 1 394 | -843 | 165 920 |
| Profit for the period | 19 659 |
19 659 | ||||||||
| Other comprehensive income | 101 | 676 | 14 | -101 | 690 | |||||
| Purchase of treasury shares | -3 125 | -3 125 | ||||||||
| Granted and accepted stock options |
147 | 147 | ||||||||
| Dividends | -30 751 | -30 751 | ||||||||
| Equity on 30 June 2024 | 1 936 | -9 721 | 743 | -281 | 2 398 | 163 421 | -6 406 | 1 394 | -944 | 152 541 |
| Equity of the company | Non-consolidated associates | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in € 000) | Share capital |
Treasury shares |
Share premium |
Pension reserves |
Cumulated comprehensive income |
Retained earnings |
Revaluation reserve of (1) shares |
Share in revaluation reserve Top Form |
Cumulated comprehensive income |
Total equity |
| Equity on 1 januari 2025 | 1 936 | -12 989 | 743 | -763 | 3 326 | 175 962 |
-6 406 | 1 394 | -772 | 162 431 |
| Profit for the period | 15 770 |
15 770 | ||||||||
| Other comprehensive income | 85 | -1 239 | -15 | 183 | -986 | |||||
| Purchase of treasury shares | 5 029 | -7 492 |
-2 463 | |||||||
| Granted and accepted stock options (2) |
129 | 129 | ||||||||
| Dividends | -30 143 | -30 143 | ||||||||
| Equity on 30 June 2025 | 1 936 | -7 961 | 743 | -679 | 2 088 | 154 211 |
-6 406 |
1 394 | -589 | 144 737 |
(1) The revaluation reserve for shares concerns an unrealized revaluation reserve on Top Form International Ltd. shares when the interest in Top Form International Ltd. was not yet recognized using the equity method, but as available-for-sale financial fixed assets. This unrealized reserve is retained until the sale of the interest in Top Form International Ltd.
(2) For the conditions, we refer to the annual brochure 2024 page 23.
| Consolidated cash flow statement (in € 000) | 30.06.2025 | 30.06.2024 |
|---|---|---|
| Operating activities | ||
| Profit before tax | 20 871 | 25 345 |
| Depreciation and amortization of (in)tangible and right-of-use assets | 5 315 | 5 427 |
| Capital gains and losses on realizations of fixed assets | -1 | -46 |
| Net valuation allowance current assets | -1 276 | 538 |
| Provisions | 0 | 0 |
| Result based on the equity method | 439 | -462 |
| Financial profit and loss | 84 | -315 |
| Other non-cash items | 47 | 791 |
| Gross cash flow from operating activities | 25 478 | 31 278 |
| Decrease/(Increase) in inventories | 756 | 3 613 |
| Decrease/(Increase) in trade accounts receivable | -7 098 | -4 901 |
| Decrease/(Increase) in other assets | -59 | 349 |
| (Decrease)/Increase in trade accounts payable | 3 269 | 374 |
| (Decrease)/Increase in other liabilities | 756 | 836 |
| Change in operating working capital | -2 375 | 271 |
| Income tax paid | -4 691 | -1 417 |
| Interests | -84 | 315 |
| Net cash flow provided by operating activities | 18 328 | 30 448 |
| Investment activities | ||
| (In)tangible assets – acquisitions |
-3 507 | -3 933 |
| Disposal of fixed assets | 0 | 52 |
| Net cash used in investing activities | -3 507 | -3 881 |
| Net cash flow before financing activities | 14 821 | 26 567 |
| Financing activities | ||
| Dividends paid | -30 143 | -30 751 |
| Purchase of treasury shares | -2 475 | -3 125 |
| Reimbursement of lease liabilities | -2 007 | -2 027 |
| Net cash flow used in financing activities | -34 634 | -35 903 |
| Net change in cash and cash equivalents | -19 804 | -9 336 |
| Cash and cash equivalents on 1 January | 58 910 | 60 595 |
| Effect of exchange rate fluctuations | -250 | 81 |
| Cash and cash equivalents on 30 June | 38 857 | 51 340 |
| Net change in cash and cash equivalents | -19 804 | -9 336 |
In 2022, Van de Velde decided to change the segments. The former wholesale and retail segments were replaced by B2B and the D2C. Van de Velde distinguishes two operational segments based on the "management approach": the B2B (business to business) and the D2C (direct to consumer) distribution channel. The "management approach" stipulates that external segment reporting is based, amongst other things, on the internal organization, management structure and internal financial reporting. Management evaluates the performance of both segments down to the EBITDA-level so that decisions can be made on resource allocation and performance evaluation.
The result of a segment includes the costs and revenues directly generated by the segment. Non direct costs or revenues are reasonably attributed to a segment, based on activities or volumes.
Assets and liabilities that can be reasonably attributed to segments (goodwill and other fixed assets as well as stock and trade receivables) are attributed. An important part of the assets and liabilities cannot be attributed to segments and is managed on group level. The valuation principles of the operational segments are the same as the most important ones of the Group.
Van de Velde does not have any transactions with a single customer in wholesale or retail worth more than 10% of total turnover.
The selling price determines whether sales are attributed to the B2B or D2C segment.
The B2B segment refers to sales realized at wholesale price. Today this concerns business with independent retail, e-tail partners, franchisees and department stores.
The D2C segment refers to sales realized at retail price. Today this concerns the business of our own store network, our own websites and the concession sales in department stores.
In the following tables, the segment information is shown for the period closed on 30/06/2025 and 30/06/2024, or 31/12/2024 for the balance sheet.
| Segment income statement | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||||||
| (in € 000) |
B2B | D2C | Not attributed |
Total | B2B | D2C | Not attributed |
Total | ||
| Segment turnover | 80 376 | 29 657 |
0 | 110 033 | 84 967 | 28 291 |
0 | 113 258 | ||
| Segment costs | -59 110 | -23 873 |
0 | -82 983 | -60 373 | -22 870 |
0 | -83 244 | ||
| Depreciation | 0 | 0 | -5 315 |
-5 315 |
0 | 0 | -5 427 | -5 427 | ||
| Segment operating profit | 21 266 |
5 785 |
-5 315 |
21 735 | 24 593 | 5 420 | -5 427 | 24 587 |
||
| Net finance profit | -428 | 296 | ||||||||
| Results based on the equity method | -439 | 462 | ||||||||
| Income taxes | -5 101 | -5 686 | ||||||||
| Net income | 15 770 | 19 659 |
| Segment balance sheet | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||||||
| (in € 000) | B2B | D2C | Not attributed |
Total | B2B | D2C | Not attributed |
Total | ||
| Segment assets | 55 823 | 21 203 | 77 026 |
50 836 | 21 561 | 72 397 | ||||
| Unallocated assets | 109 992 | 109 992 | 129 996 | 129 996 | ||||||
| Consolidated total assets | 55 823 | 21 203 | 109 992 | 187 018 | 50 836 | 21 561 | 129 996 | 202 393 | ||
| Segment liabilities | 25 610 | 15 638 |
41 248 | 24 065 | 15 242 | 39 307 | ||||
| Unallocated liabilities | 145 771 | 145 771 | 163 086 | 163 086 | ||||||
| Consolidated total liabilities | 25 610 | 15 638 |
145 771 | 187 018 | 24 065 | 15 242 | 163 086 | 202 393 |
| Breakdown by region - turnover |
|||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | ||||||||
| (in € 000) | Euro | Elsewhere | Total | Euro | Elsewhere | Total | |||
| Turnover | 81 324 | 28 709 | 110 033 | 83 004 | 30 254 |
113 258 |
The main markets, determined based on the quantitative IFRS criteria, are:
| Further information about the assets of the company - location |
|||||||
|---|---|---|---|---|---|---|---|
| 30.06.2025 | 31.12.2024 | ||||||
| (in € 000) | Belgium | Elsewhere | Total | Belgium | Elsewhere | Total | |
| Tangible fixed assets | 22 437 | 7 313 | 29 750 | 22 721 |
6 978 | 29 699 | |
| Right-of-use assets | 2 334 | 6 913 | 9 247 | 2 567 | 7 825 | 10 392 | |
| Intangible fixed assets | 13 878 | 6 736 | 20 614 | 14 095 |
6 737 | 20 832 | |
| Inventories | 37 977 |
4 148 |
42 125 | 39 532 | 2 770 | 42 302 |
No events that had a significant impact on the company's condition occurred after the balance sheet date.
In a world characterized by volatility, we remain cautious. After a challenging first quarter, we saw clear signs of recovery in the second quarter. We expect revenue in the second half of the year to be in line with that of the same period last year.
Looking ahead to 2026, we remain committed to our long-term strategy. We are strengthening our brands through further product range renewal. Initial feedback from our retail partners has been positive and confirms the potential of these initiatives.
At the same time, we remain vigilant to external factors such as geopolitical tensions, macroeconomic uncertainty, and changes in the international trade environment. These can influence market dynamics in certain regions and require continued flexibility and resilience.
The material risks and uncertainties for the remainder of 2025 are essentially the same as described on pages 83-86 ("Business risks under IFRS 7") of the Annual Report for the 2024 financial year.
No material transactions with affiliated companies, other than those described in this report or within the normal course of business, took place in the first half of 2025.
The condensed consolidated interim financial statements for the sixth-month reporting period ended 30 June 2025 have been prepared in accordance with IAS 34 Interim Financial Reporting, as adopted by the EU. The condensed consolidated financial information does not include all the notes normally included in an annual consolidated financial statement. Accordingly, this report should be read in conjunction with the annual consolidated financial statements for the year ended 31 December 2024. The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except for the adoption of new and amended IFRS Accounting Standards as set out below.
The following new standard and amendments to standards are mandatory for the first time for the financial year beginning 1 January 2025, but have no effect on the result, reporting or on the financial statements of Van de Velde and have been endorsed by the European Union:
The following new standards and amendments have been issued, are mandatory for the first time for the financial year beginning 1 January 2025 but have not been endorsed by the European Union:None
The following amendments have been issued, but are not mandatory for the first time for the financial year beginning 1 January 2024 and have been endorsed by the European Union:
✓ Amendments to IFRS 9 and to IFRS 7: the Classification and Measurement of Financial Instruments (effective on 1 January 2026). On 30 May 2024, the IASB issued amendments to IFRS 9 and IFRS 7 to:
The following Standards and amendments have been issued, but are not mandatory for the first time for the financial year beginning 1 January 2025 and have not been endorsed by the European Union:
IFRS 18 will replace IAS 1; many of the other existing principles in IAS 1 are retained, with limited changes. IFRS 18 will not impact the recognition or measurement of items in the financial statements, but it might change what an entity reports as its 'operating profit or loss'.
IFRS 18 will apply for reporting periods beginning on or after 1 January 2027 and also applies to comparative information. The changes in presentation and disclosure required by IFRS 18 might require system and process changes.
✓ IFRS 19 Subsidiaries without Public Accountability: Disclosures (effective on 1 January 2027). The International Accounting Standard Board (IASB) has issued a new IFRS Accounting Standard for subsidiaries. IFRS 19 'Subsidiaries without Public
Accountability: Disclosures' permits eligible subsidiaries to use IFRS Accounting Standards with reduced disclosures. Applying IFRS 19 will reduce the costs of preparing subsidiaries' financial statements while maintaining the usefulness of the information for users of their financial statements.
The following standard is mandatory since the financial year beginning 1 January 2016 (however not yet subjected to EU endorsement). The European Commission has decided not to launch the endorsement process of this interim standard but to wait for the final standard:
✓ IFRS 14, 'Regulatory deferral accounts' (effective 1 January 2016). It concerns an interim standard on the accounting for certain balances that arise from rate–regulated activities. IFRS 14 is only applicable to entities that apply IFRS 1 as first-time adopters of IFRS. It permits such entities, on adoption of IFRS, to continue to apply their previous GAAP accounting policies for the recognition, measurement, impairment and derecognition of regulatory deferral accounts. The interim standard also provides guidance on selecting and changing accounting policies (on first–time adoption or subsequently) and on presentation and disclosure.
The Group does not expect that the above new standards will have a material impact on the consolidated financial statements.
The undersigned declare that:
The financial overviews in this report, which have been prepared in compliance with the applicable standards, faithfully reflect the equity, the financial situation and the results of Van de Velde and the companies included in the consolidation.
The interim financial report faithfully reflects the development, the results and the position of Van de Velde for the first half of 2025 and the companies included in the consolidation, as well as providing a description of the main risks and uncertainties Van de Velde must deal with.
Schellebelle, 27 augustus 2025
YJC NV, Karel Verlinde CommV, always represented by always represented by Yvan Jansen Karel Verlinde President Board of Directors CEO
We have reviewed the accompanying consolidated balance sheet of Van de Velde NV and its subsidiaries as of 30 June 2025 and the related consolidated statement of profit and loss and other comprehensive income, consolidated statement of change in equity and consolidated cash flow statement for the 6-month period then ended, as well as the explanatory notes. The board of directors is responsible for the preparation and presentation of this consolidated condensed financial information in accordance with IAS 34, as adopted by the European Union. Our responsibility is to express a conclusion on this consolidated condensed financial information based on our review.
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Statements Performed by the Independent Auditor of the Entity." A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated condensed financial information is not prepared, in all material respects, in accordance with IAS 34, as adopted by the European Union.
Ghent, 27 Augustus 2025 The statutory auditor
PwC Bedrijfsrevisoren BV/PwC Reviseurs d'Entreprises SRL Represented by
Lien Winne* Bedrijfsrevisor/Réviseur d'entreprises
*Acting on behalf of Lien Winne BV
31.12.2025 End of financial year 2025
05.03.2026 Announcement of the 2025 annual results
27.03.2026 Interactive annual report 2025 online
30.04.2026 General Shareholders' Meeting
For more information, please contact:
Van de Velde NV – Lageweg 4 – 9260 Schellebelle – +32 (0) 9 365 21 00 www.vandevelde.eu
| YJC NV, | Karel Verlinde CommV, | |||
|---|---|---|---|---|
| always represented by | always represented by | |||
| Yvan Jansen | Karel Verlinde | |||
| President Board of Directors | CEO |
Van de Velde creates fashionable lingerie of superior quality with its premium, complementary brands PrimaDonna, Marie Jo and Sarda. We believe in 'We ignite the power in women': we want to make a difference in women's lives with our beautiful and perfectly fitting lingerie, by lifting their self-confidence and self-image. For us, an impeccable in-store service is key, an approach which we have consolidated in our Lingerie Styling Concept.
We work in close partnership with 3,600 independent lingerie boutiques worldwide. In addition, we have our own retail network with retail brands Rigby & Peller and Lincherie. Our geographical center of gravity is Europe and North America. Van de Velde employs almost 1,500 employees and is listed on Euronext Brussels.
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