V.M.A.
ActiveSummary
V.M.A. has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.6m and a net result of €4.5m. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 106 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Large
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 106 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €83.6m | €121.2m | €136.4m | €98.5m | €107.9m | ▲ 9.5% |
| Turnover70 | €82.6m | €114.2m | €132.5m | €98.1m | €106.8m | ▲ 8.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€804,305 | €4.7m | €1.1m | -€2.6m | -€3.0m | ▼ 12.4% |
| Other operating income74 | €1.7m | €1.8m | €2.3m | €2.3m | €3.4m | ▲ 43.3% |
| Non-recurring operating income76A | €90,479 | €495,666 | €613,632 | €723,769 | €661,720 | ▼ 8.6% |
| Operating charges60/66A | €80.5m | €114.4m | €136.2m | €99.3m | €101.4m | ▲ 2.2% |
| Goods for resale, raw materials and consumables60 | €53.8m | €80.8m | €100.3m | €58.6m | €59.0m | ▲ 0.7% |
| Purchases600/8 | €53.8m | €80.9m | €100.3m | €58.6m | €59.0m | ▲ 0.8% |
| Change in stocks: decrease (increase)609 | €16,288 | -€33,428 | €18,723 | €32,249 | -€1,401 | ▼ 104% |
| Services and other goods61 | €7.9m | €8.8m | €10.8m | €13.2m | €13.2m | ▲ 0.5% |
| Remuneration, social security and pensions62 | €18.6m | €22.0m | €22.6m | €27.0m | €26.8m | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €818,650 | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €528,190 | -€139,471 | -€104,968 | €24,217 | ▲ 123% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€696,801 | €513,044 | €977,210 | -€895,145 | €639,746 | ▲ 171% |
| Other operating charges640/8 | €10,378 | €32,436 | €31,614 | €36,822 | €34,495 | ▼ 6.3% |
| Non-recurring operating charges66A | €6,494 | €387,077 | €346,885 | €351,914 | €672,250 | ▲ 91.0% |
| Operating profit (loss)9901 | €3.1m | €6.7m | €230,499 | -€719,504 | €6.5m | ▲ 1,001% |
| Financial income75/76B | €433,220 | €1.4m | €1.1m | €980,815 | €531,968 | ▼ 45.8% |
| Recurring financial income75 | €433,220 | €1.4m | €1.1m | €980,815 | €531,968 | ▼ 45.8% |
| Income from financial fixed assets750 | €1,727 | €813,491 | €4,419 | €7,948 | €8,296 | ▲ 4.4% |
| Income from current assets751 | - | €31,852 | €447,772 | €416,700 | €279,925 | ▼ 32.8% |
| Other financial income752/9 | €431,493 | €576,594 | €676,287 | €556,167 | €243,747 | ▼ 56.2% |
| Financial charges65/66B | €51,472 | €476,891 | €332,826 | €297,219 | €601,745 | ▲ 102% |
| Recurring financial charges65 | €51,472 | €427,733 | €332,826 | €297,219 | €601,745 | ▲ 102% |
| Debt charges650 | €43,609 | €122,198 | €197,774 | €279,751 | €328,684 | ▲ 17.5% |
| Other financial charges652/9 | €7,863 | €305,535 | €135,052 | €17,468 | €273,061 | ▲ 1,463% |
| Non-recurring financial charges66B | - | €49,158 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3.5m | €7.7m | €1.0m | -€35,908 | €6.4m | ▲ 17,954% |
| Income taxes67/77 | €1.0m | €2.0m | €452,474 | €240,811 | €1.9m | ▲ 695% |
| Taxes670/3 | €1.0m | €2.0m | €478,735 | €518,072 | €1.9m | ▲ 270% |
| Tax adjustments and reversals of tax provisions77 | - | - | €26,261 | €277,261 | €1,717 | ▼ 99.4% |
| Profit (loss) for the period9904 | €2.5m | €5.7m | €573,677 | -€276,719 | €4.5m | ▲ 1,725% |
| Profit (loss) for the period to be appropriated9905 | €2.5m | €5.7m | €573,677 | -€276,719 | €4.5m | ▲ 1,725% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42.5m | €81.6m | €78.7m | €75.3m | €83.7m | ▲ 11.2% |
| Fixed assets21/28 | €6.2m | €19.7m | €19.0m | €18.5m | €17.9m | ▼ 3.1% |
| Intangible fixed assets21 | €58,733 | €28,744 | - | - | - | - |
| Tangible fixed assets22/27 | €2.4m | €15.8m | €15.1m | €14.6m | €14.0m | ▼ 3.5% |
| Land and buildings22 | €495,098 | €449,292 | €408,247 | €362,006 | €527,599 | ▲ 45.7% |
| Plant, machinery and equipment23 | €317,284 | €347,979 | €267,664 | €320,722 | €268,641 | ▼ 16.2% |
| Furniture and vehicles24 | €1.6m | €1.3m | €926,045 | €596,006 | €315,382 | ▼ 47.1% |
| Leasing and similar rights25 | - | €9.9m | €9.5m | €9.1m | €8.7m | ▼ 4.6% |
| Other tangible fixed assets26 | €49,209 | €3.9m | €4.0m | €4.2m | €4.3m | ▲ 1.6% |
| Financial fixed assets28 | €3.7m | €3.8m | €3.9m | €3.9m | €3.9m | ▼ 1.5% |
| Affiliated companies280/1 | €3.5m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Participating interests280 | €3.5m | €3.4m | €3.4m | €3.4m | €3.4m | = |
| Other financial fixed assets284/8 | €261,790 | €362,385 | €503,085 | €504,986 | €444,986 | ▼ 11.9% |
| Shares284 | €27,600 | €35,725 | €45,725 | €45,725 | €45,725 | = |
| Amounts receivable and cash guarantees285/8 | €234,190 | €326,660 | €457,360 | €459,261 | €399,261 | ▼ 13.1% |
| Current assets29/58 | €36.3m | €62.0m | €59.7m | €56.8m | €65.8m | ▲ 15.9% |
| Stocks and contracts in progress3 | €6.9m | €10.4m | €10.0m | €9.1m | €11.0m | ▲ 20.2% |
| Stocks30/36 | €228,220 | €261,648 | €242,925 | €229,920 | €231,321 | ▲ 0.6% |
| Raw materials and consumables30/31 | €228,220 | €261,648 | €242,925 | €229,920 | €231,321 | ▲ 0.6% |
| Contracts in progress37 | €6.7m | €10.2m | €9.8m | €8.9m | €10.7m | ▲ 20.7% |
| Amounts receivable within one year40/41 | €19.6m | €23.8m | €32.1m | €25.3m | €23.3m | ▼ 8.0% |
| Trade receivables40 | €18.5m | €22.8m | €29.0m | €17.8m | €18.7m | ▲ 5.2% |
| Other amounts receivable41 | €1.1m | €969,215 | €3.1m | €7.5m | €4.6m | ▼ 39.1% |
| Current investments50/53 | €9.4m | €21.0m | €11.3m | €16.3m | €25.4m | ▲ 56.3% |
| Other investments51/53 | €9.4m | €21.0m | €11.3m | €16.3m | €25.4m | ▲ 56.3% |
| Cash at bank and in hand54/58 | €251,025 | €318,646 | €259,419 | €27,199 | €58,598 | ▲ 115% |
| Deferred charges and accrued income490/1 | €46,982 | €6.5m | €6.0m | €6.0m | €6.0m | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42.5m | €81.6m | €78.7m | €75.3m | €83.7m | ▲ 11.2% |
| Equity10/15 | €11.4m | €23.8m | €24.3m | €24.1m | €24.6m | ▲ 2.1% |
| Contributions10/11 | €3.8m | €8.1m | €8.1m | €8.1m | €8.1m | = |
| Capital10 | €3.8m | €8.1m | €8.1m | €8.1m | €8.1m | = |
| Issued capital100 | €3.8m | €8.1m | €8.1m | €8.1m | €8.1m | = |
| Outside capital11 | - | - | - | €11,136 | €11,136 | = |
| Share premium1100/10 | - | - | - | €11,136 | €11,136 | = |
| Reserves13 | €7.5m | €15.7m | €16.3m | €16.3m | €16.5m | ▲ 1.3% |
| Non-distributable reserves130/1 | €385,421 | €809,487 | €809,487 | €812,193 | €812,193 | = |
| Legal reserve130 | €384,801 | €808,867 | €808,867 | €810,880 | €810,880 | = |
| Reserves not available under the articles1311 | - | - | - | €693 | €693 | = |
| Other1319 | €620 | €620 | €620 | €620 | €620 | = |
| Tax-exempt reserves132 | €20,317 | €232,515 | €232,515 | €235,301 | €235,301 | = |
| Distributable reserves133 | €7.1m | €14.7m | €15.2m | €15.2m | €15.4m | ▲ 1.4% |
| Profit (loss) carried forward14 | - | - | - | -€287,274 | - | - |
| Provisions and deferred taxes16 | €293,000 | €831,045 | €1.8m | €913,110 | €1.7m | ▲ 84.4% |
| Provisions for liabilities and charges160/5 | €293,000 | €831,045 | €1.8m | €913,110 | €1.7m | ▲ 84.4% |
| Other liabilities and charges164/5 | €293,000 | €831,045 | €1.8m | €913,110 | €1.7m | ▲ 84.4% |
| Amounts payable17/49 | €30.8m | €57.1m | €52.6m | €50.3m | €57.5m | ▲ 14.3% |
| Amounts payable after more than one year17 | - | €8.9m | €8.2m | €7.5m | €6.8m | ▼ 9.0% |
| Financial debts170/4 | - | €8.9m | €8.2m | €7.5m | €6.8m | ▼ 9.0% |
| Leasing and similar obligations172 | - | €8.9m | €8.2m | €7.5m | €6.8m | ▼ 9.0% |
| Amounts payable within one year42/48 | €30.8m | €38.3m | €34.9m | €33.7m | €42.0m | ▲ 24.5% |
| Current portion of amounts payable after more than one year42 | - | €664,370 | €668,668 | €672,994 | €677,348 | ▲ 0.6% |
| Trade debts44 | €7.5m | €14.5m | €17.5m | €14.5m | €13.3m | ▼ 7.9% |
| Suppliers440/4 | €7.5m | €14.5m | €17.5m | €14.5m | €13.3m | ▼ 7.9% |
| Advances received on contracts in progress46 | €14.4m | €13.2m | €11.6m | €13.3m | €18.1m | ▲ 36.8% |
| Taxes, remuneration and social security45 | €4.8m | €5.5m | €5.0m | €5.2m | €5.5m | ▲ 5.6% |
| Taxes450/3 | €1.2m | €1.5m | €1.3m | €537,624 | €487,425 | ▼ 9.3% |
| Remuneration and social security454/9 | €3.5m | €4.1m | €3.7m | €4.7m | €5.0m | ▲ 7.3% |
| Other amounts payable47/48 | €4.2m | €4.4m | €101,040 | €100,429 | €4.3m | ▲ 4,210% |
| Accrued charges and deferred income492/3 | €6,455 | €9.9m | €9.5m | €9.1m | €8.7m | ▼ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €5.7m | €573,677 | -€276,719 | €4.5m | ▲ 1,725% |
| + Depreciation and write-downs630 | €818,650 | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 12.4% |
| Operating cash flow (approximation) | €3.3m | €7.0m | €1.8m | €866,854 | €5.5m | ▲ 534% |
| Investment in fixed assets (approximation) | - | -€14.8m | -€590,396 | -€594,628 | -€425,805 | ▲ 28.4% |
| Change in cash | - | €67,621 | -€59,227 | -€232,220 | €31,399 | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
03-09
State Gazette act
Resignation: Oolu BV (director)Appointment: Velox Management BV (director) · Power of attorney49 facts ▸
- Director resignation, Oolu BV (director)
- General meeting, volgende algemene vergadering van aandeelhouders, bevestiging van de benoeming van Velox Management BV
- Director in office, Velox Management BV (director)
- Board meeting, 05-08-2026
- Power of attorney, Anne Dooremont
- Power of attorney, Christophe Wathion
- Power of attorney, Philippine De Wolf
- Other statement, Tabel van functies of titels en benaming van de gemachtigden, I) De CEO van CFE
- Other statement, Tabel van functies of titels en benaming van de gemachtigden, II) De bestuurders van CFE Contracting
- Other statement, Tabel van functies of titels en benaming van de gemachtigden, II) De bestuurders van CFE Contracting
- Other statement, Tabel van functies of titels en benaming van de gemachtigden, III) De CFO van CFE/CFE Contracting
- Other statement, Tabel van functies of titels en benaming van de gemachtigden, IV) De Bestuurders
- +37 further facts in this act
Show earlier events
About the unread acts
Of the 37 Belgian State Gazette acts we know for this company, 1 has been read. The other 36 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Permanent representatives 1
Not every act has been read: a resignation may be missing here
6 establishment units
6 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302C0109/00M000 | Flanders | 1.5 ha | 1 · 2,541 m² | 9.2 m · 1 fl. |
| 11025D0279/00C000 | Flanders | 8,898 m² | 1 · 2,592 m² | 12.8 m · 2 fl. |
| 44064B0715/00G004 | Flanders | 7,390 m² | 1 · 403 m² | 13.0 m · 1 fl. |
| 41016D0699/00A000 | Flanders | 5,051 m² | 1 · 1,569 m² | - |
| 44019A1358/00D000 | Flanders | 3,148 m² | 1 · 1,174 m² | 8.9 m · 3 fl. |
| 34040C0020/00K000 | Flanders | 1,292 m² | 1 · 975 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BV Velox Management |
|
| Oolu BV |
|
Articles of association
Full text
Behoudens uitdrukkelijke andersluidende bepaling in onderhavige tekst, zijn de mandatarissen niet gemachtigd om verder te sub-delegeren tenzij middels een specifieke volmacht voor een welomschreven handeling, beperkt in tijd en qua onderwerp. Elke volmacht en elke bijzondere volmacht dienen schriftelijk verleend te worden. Deze bijzondere volmacht doet geen afbreuk aan de organieke vertegenwoordiging van de Vennootschaр zoals geregeld in artikel 26 van de statuten. 1 OPENING EN BEHEER VAN BANKREKENINGEN EN GELIJKGESTELDE VERRICHTINGEN Een Bestuurder gezamenlijk handelend met de Financieel en Administratief Directeur zijn gemachtigd om: -namens de vennootschap, een rekening te openen of te sluiten en volmachten te verlenen bij een financiële instelling teneinde bankverrichtingen uit te voeren; -het verlenen van de vereiste rechten binnen elke (digitale) bancaire applicatie en/of platform met het oog op het beheer van de bankrekeningen en daarmee gelijkgestelde producten namens de Vennootschap; -borgtochten en waarborgen te (doen) stellen, kredietlijnen te negotiëren, leningen aan te gaan, wissel- en eender andere financiële transacties uit te voeren.
Full text
Indien CFE of CFE Contracting zich garant stellen voor de Vennootschap, kunnen borgtochten slechts verteend worden door de CEO van CFE resp. een bestuurder van CFE Contracting, samen handelend met de CFO van CFE resp. CFE Contracting. Voornoemde gevolmachtigden mogen deze bevoegdheid niet verder sub-delegeren, behoudens krachtens een specifieke machtiging door de raad van bestuur. 2 AANKOOP, OPRICHTING, OVERDRACHT, HERSTRUCTURERING OF VEREFFENING VAN EEN VENNOOTSCHAP Elke verrichting tot oprichting, verwerving van een meerderheids- of minderheidsparticipatie, overdracht, herstructurering (fusie, splitsing, gelijkgestelde verrichting, inbreng of overdracht van een algemeenheid of van
Full text
Indien CFE of CFE Contracting zich garant stellen voor de Vennootschap, kunnen borgtochten slechts verteend worden door de CEO van CFE resp. een bestuurder van CFE Contracting, samen handelend met de CFO van CFE resp. CFE Contracting. Voornoemde gevolmachtigden mogen deze bevoegdheid niet verder sub-delegeren, behoudens krachtens een specifieke machtiging door de raad van bestuur. 2 AANKOOP, OPRICHTING, OVERDRACHT, HERSTRUCTURERING OF VEREFFENING VAN EEN VENNOOTSCHAP Elke verrichting tot oprichting, verwerving van een meerderheids- of minderheidsparticipatie, overdracht, herstructurering (fusie, splitsing, gelijkgestelde verrichting, inbreng of overdracht van een algemeenheid of van een bedrijfstak) of vereffening van een vennootschap (met uitzondering van akten tot oprichting of vereffening van een maatschap), verleden namens de Vennootschap, moet ondertekend worden door de Gedelegeerd Bestuurder gezamenlijk handelend met de Financieel en Administratief Directeur. Voornoemde gevolmachtigden mogen deze bevoegdheid niet verder sub-delegeren, behoudens krachtens een specifieke machtiging door de raad van bestuur van de Vennootschap. 3 HANDELINGEN VAN DAGELIJKS BESTUUR De hierna omschreven verbintenissen mogen enkel genomen en ondertekend worden door gevolmachtigden met een niveau minstens gelijk aan dat van de personen die bevoegd zijn om krachtens de hiernavolgende bepalingen te ondertekenen:
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
Highest known parent: ACKERMANS & VAN HAAREN. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
-
100%
-
99%
According to the 2025 annual accounts of V.M.A. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 26,803 EUR awarded · 26,803 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 2 | 8,988 EUR | 8,988 EUR |
| 2023 | 1 | 10,586 EUR | 10,586 EUR |
| 2022 | 2 | 5,229 EUR | 5,229 EUR |
Recognitions · licences · registrations
Recognised contractor
10 categoriesDual-learning approval
5 live approvals · 2 endedShow 2 ended approvals
Legal Entity Identifier
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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