Wiet Vande Velde
In episode 76 of the BlackBird podcast, host Andy Coomans interviews serial entrepreneur Wiet Vande Velde (41), who started organising events and renting tents at 16 and sold his first company at 19 for €15,000. He bought a construction company straight out of engineering school with his grandmother's savings and lost the money within two months, then later poured €1 million of his own money into Palletkraft, an ambitious cardboard-pallet venture that went bankrupt when a financing round failed — teaching him that a good product does not sell itself and sales must always come first. He then made 'clean sweep', going from four or five companies to full focus on EnergyKing, which he built self-funded with a 50/50 partner for ten years while reinvesting every euro ('rich company over rich entrepreneur'). At 40 he brought in a private equity partner to use EnergyKing as a platform for national consolidation in the changing Belgian energy market; three acquisitions have followed in a year, with ambitions towards France. The conversation also covers his fanboy pitch to Richard Branson, the psychological toll of bankruptcy, and his 'best idea must win' governance philosophy.
Insights & takeaways
Across both conversations, Wiet Vande Velde returns again and again to a single conviction forged in failure: the product is never the reason a business wins or loses. The cardboard pallet venture, Palletkraft, still occupies the center of his thinking. He describes it as the strongest, lightest, most recyclable pallet on the market, built with real engineering behind it, and it still went bankrupt because sales came in far too late for a market with brutally long cycles in airlines, pharma and logistics 12. Out of that collapse came the operating principle he now applies to everything: "Eerst sales en dan engineering" 2. He generalizes it into a broader law of business: "Bedrijven met matige producten die zeer goed verkopen zijn veel succesvoller dan bedrijven met fantastische producten die niet verkopen" 2, and he restates it with the McDonald's example, nobody thinks it makes the best hamburger, yet it sells the most, which he treats as proof that sales and marketing, not product quality, are the foundation of any healthy company 1. The line that ties it together is blunt: "Het idee dat een goed product verkoopt zijn eigen niet. Sales en marketing moet altijd on point staan" 1.
That same failure also reshaped how he thinks about focus. Before Palletkraft he was running four or five things at once, pallets, a restaurant, solar, work at heights, and he now frames that period as doing everything and nothing well 1. The correction was total: ten years of self-funded, single-minded work on EnergyKing, with every euro reinvested rather than pulled out personally. He is explicit that this is a choice made early, often without realizing it, in conversation with your accountant: "Wilde een rijk een ondernemer of wilden rijk bedrijf" 1. His answer was to build the rich company, not the rich founder, on the logic that "een euro left in the business can be turned into two euros because you invest it; a euro taken privately is gone tomorrow" 1. He is equally clear-eyed that revenue numbers flatter nothing: a million in turnover mostly disappears into working capital, stock and VAT pre-financing, so that privately "you see none of it" 1.
Partnership is the other pillar he keeps circling back to. He compares finding a good business partner to finding a spouse, calling it "mogelijks misschien nog moeilijker dan een goede vrouw of man" 2, and credits the constant, several-times-a-day alignment with a partner for giving him speed and for sparing him the isolation solo founders face, something external advisors cannot replace 2. That same instinct for shared ownership of ideas shows up later in how he structured governance with partners and private equity: "Het gaat over het beste idee moet winnen" 1. He says he is happiest precisely when his own idea loses to a better one, because it proves the people around the table are strong: "En dan denk ik ja maar niet zonder mij hè" 1, and in the earlier interview he frames the same instinct as self-awareness about his own persuasiveness, a strength that could talk people into a bad idea just as easily as a good one, which is why being proven wrong now reads to him as a healthy sign rather than a threat: "Ik ben blij als ik ongelijk heb, want dat is teken dat er iemand verweer heeft gegeven" 2.
His account of taking EnergyKing to private equity is presented as a defensive, strategic move rather than an exit. Watching large consolidators emerge in Germany, the UK and the Netherlands, he decided to build the Belgian consolidation story himself before those players could buy up the fragmented local market piece by piece: "Als die mannen hier morgen binnenrollen dan kopen ze ons één voor één uit tegen elkaar en ik w een Belgisch eh een Belgisch verhaal" 1. When picking a partner, he chose fair price and best team over the highest possible valuation, treating the deal as a new beginning rather than a cash-out, and he explicitly rejects the old image of private equity as predatory, arguing the market has become too competitive and capital too abundant for that caricature to hold 1.
On people and selling, his view is not that sales talent is rare and must be hunted down, but that most people are average sellers and systems have to be built around that fact. He estimates only about ten percent of people are natural top sellers, so rather than chase unicorns he builds tools, structure and weekly training so the remaining eighty percent can still sell well, a hiring and management approach designed to scale 2. He backs this with a concrete example from his own restaurant, where waiters who actively sold nearly doubled the average ticket per table compared to order-takers working the identical menu in the identical room, which he treats as evidence that outcomes are driven by approach rather than by the product on offer 2. He frames the customer side of this transaction warmly rather than cynically: "Mensen willen verkocht worden, mensen willen enthousiast worden" 2, insisting that good salespeople are liked and only pushy, bad ones are resented. Internally, his rule for his own reps strips away forecasting and promises entirely: "Wij zeggen hier niet wat je gaat doen, we zeggen eigenlijk alleen wat je gedaan hebt" 2.
Underneath the tactics sits a stated view of what a company is actually for. He rejects profit as the organizing purpose outright: "Het idee of de doel van een bedrijf is nooit geld verdienen. Dat is altijd iets naar de wereld brengen dat de wereld een betere plek maakt" 1, and echoes it in more collective terms elsewhere, describing a company as nothing more than "een groep mensen die samen iets waardevol voor andere mensen proberen te doen" 2, paired with a broader claim that mutual care beats self-interest: "Als iedereen voor zichzelf zorgt, dan kunnen we veel beter voor elkaar zorgen" 2. He locates his own role inside that structure precisely, describing himself not as an operator but as the person who has to run a year ahead of the business with ideas, strategy and vision: "Ik ben een ondernemer, ik ben een business developer. Ik moet met de ideeën, met de strategie, met de visie kunnen komen. Ik moet liefst een jaar voor het bedrijf lopen" 1.
Failure itself is treated as instructive rather than shameful, and this is where his personal history and his business philosophy meet most directly. He links his early hunger for fast money to watching his mother struggle after his father left, and later recognized that motivation as flawed because it pushed him to skip over fundamentals in the rush to earn 2. His prescribed response to any collapse, financial or otherwise, is procedural rather than emotional: "Als het mislukt: de lessen leren en opnieuw proberen, en niet met een kop toe laten h
- Having a business partner is like finding a life partner: constant alignment several times a day gives speed and prevents the loneliness solo entrepreneurs face; external advisors can't replicate that involvement.
- His father leaving when Wiet was 19 and seeing his mother cry every day for three years drove his early obsession with earning money fast — which he later recognized as a flawed motivation that made him skip building fundamentals.
- The cardboard pallet venture failed not because of the product — it was the strongest, lightest, recyclable pallet on the market — but because millions went into engineering and nothing into sales; 'a good product sells itself' is a myth.
- Companies with mediocre products that sell well are far more successful than companies with fantastic products that don't sell; every euro ever invoiced must first have been sold.
- The three pillars of his company in order: a product with a market, a team of motivated (not necessarily brilliant) people, and relentless focus on sales.
- Only 10% of people are natural top sellers and you'll never find them; instead build systems, tools and weekly training so the 80% of average people can sell well — a hiring strategy that scales.
- In his restaurant, waiters who actively sold achieved nearly double the average ticket per table versus order-takers — same menu, same establishment — proving sales is about approach, not product.
- People want to be sold to: customers walk into a shop essentially asking 'make me enthusiastic about your product' — good salespeople are loved, only pushy bad ones are hated.
- His sales rule for reps: don't tell me what you're going to do or what's 'in the pipeline' — only tell me what you have done.
- Writing a brutally honest job vacancy ('we want someone cheerful, bad days are okay') made 8 out of 10 applicants say the posting stood out — authenticity in employer branding attracts matching people.
- Your greatest strengths become your biggest pitfalls when overused: his persuasiveness meant he could get everyone enthusiastic about a bad idea, so now he's glad when proven wrong because it means the idea was challenged.
- Entrepreneurs have the luxury of long-term vision that politicians lack, because politicians get punished for short-term pain, which is why few entrepreneurs want to enter politics.
- The limited liability company was invented (with the Dutch East India Company) precisely so failure wouldn't destroy individuals — a failed venture, handled with integrity, is what the structure exists for; learn the lessons and start again.
- A great product does not sell itself: Palletkraft had a superior engineered product and production facility but went bankrupt because sales came far too late in a market with extremely long sales cycles (airlines, pharma, logistics). Everything he does now is 'sales first'.
- The McDonald's test: nobody thinks McDonald's makes the best hamburger, yet they sell the most — proof that a strong sales and marketing plan, not product quality, is the basis of every healthy business.
- After the bankruptcy he went from four or five scattered companies (pallets, restaurant, solar, working at heights) to full focus on one project, arguing he was doing everything but nothing really well.
- The choice between being a 'rich entrepreneur' or building a 'rich company' is made early, often unconsciously with your accountant; he and his partner left every euro in the business, which built the strong fundamentals that later made EnergyKing PE-ready.
- Revenue milestones are misleading: a million in turnover mostly disappears into working capital, stock and VAT pre-financing — 'you see none of it' privately.
- They pre-empted foreign consolidators: seeing large players emerge in Germany, the UK and the Netherlands, they went to market themselves to build a Belgian consolidation story rather than be bought out one by one against each other.
- When choosing a private equity partner, they picked a fair price with the best team over the highest valuation, because the deal was a new start, not an exit — and the old caricature of PE 'sharks' is gone because the market has become so competitive with abundant capital.
- His governance rule with partners and PE: 'the best idea must win' — never your idea versus my idea; he is happiest when his own idea is beaten by a better one because it proves he has good people at the table.
- A euro left in the business can be turned into two euros because you invest it; a euro taken privately is gone tomorrow.
Media & appearances
2- 1podcastBlackBird Business Events · 01 Sept 2025
Serial entrepreneur Wiet Vande Velde recounts losing his grandmother's money at 22, the Palletkraft bankruptcy that taught him 'sales first', and how 10 years of self-funded focus on EnergyKing led to a private equity-backed Belgian consolidation play in renewable energy installation.
- 2podcastConnexi · 06 Dec 2020
EnergyKing founder Wiet Vande Velde shares how a €300k tax debt and failed eco-pallet venture taught him that sales beats product perfection, how fatherhood pulled him out of a fatalistic slump, and how he rebuilt on solid fundamentals to double revenue five years in a row.