V-PLEX (0688.847.874): annual accounts, directors and company register

V-PLEX

Menen ·KBO/BCE: BE 0688.847.874

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company	Total assets	Gross margin	Solvency	Staff
V-PLEX Menen	€602,090	€98,439	14.4%	-
PIVETE Genk	€471,819	€83,744	35.4%	1
Ideal Jacobs Europe Ghent	€470,107	€63,200	-55.6%	1.8
TTC Willebroek	€700,150	€168,358	56.5%	-
Tekto Anzegem	€473,513	€118,184	40.9%	-
Imapres Ypres	€820,336	€194,277	7.2%	-
C.S. Automation Herentals	€632,549	€228,225	79.0%	2.3

Line	2025	2024	2023	2022	2021	2020	2019
Balance sheet: assets
Total assets`20/58`	602,090	541,819	584,091	630,357	707,899	509,581	246,709
Formation expenses`20`	-	-	-	-	-	-	114
Fixed assets`21/28`	446,316	409,299	441,598	511,516	569,965	387,133	153,977
Intangible fixed assets`21`	4,763	6,906	9,050	11,193	13,337	15,480	17,624
Tangible fixed assets`22/27`	441,553	402,393	432,548	500,323	556,628	371,653	136,353
Land and buildings`22`	321,257	342,651	364,046	385,440	407,515	223,065	-
Plant, machinery and equipment`23`	32,259	48,328	48,493	66,537	84,390	61,216	38,556
Furniture and vehicles`24`	8,476	11,413	14,943	23,179	19,457	22,006	12,331
Leasing and similar rights`25`	79,562	-	5,066	25,166	45,266	-	-
Current assets`29/58`	155,774	132,520	142,494	118,841	137,934	122,448	92,619
Stocks and contracts in progress`3`	93,842	87,635	88,716	67,610	91,130	59,398	52,671
Stocks`30/36`	93,842	87,635	88,716	67,610	91,130	59,398	52,671
Amounts receivable within one year`40/41`	42,318	26,908	48,036	39,359	40,276	41,994	24,864
Trade receivables`40`	41,252	25,842	46,969	38,293	39,210	38,212	22,115
Other amounts receivable`41`	1,066	1,066	1,066	1,066	1,066	3,782	2,749
Cash at bank and in hand`54/58`	18,140	17,348	4,284	9,613	6,529	21,055	15,083
Deferred charges and accrued income`490/1`	1,474	629	1,458	2,259	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	602,090	541,819	584,091	630,357	707,899	509,581	246,709
Equity`10/15`	86,678	58,226	36,272	1,694	19,538	5,557	-22,633
Contributions`10/11`	25,000	25,000	25,000	25,000	25,000	25,000	25,000
Issued capital`100`	-	-	-	-	-	-	25,000
Reserves`13`	50,352	21,900	-	-	-	-	-
Distributable reserves`133`	50,352	21,900	-	-	-	-	-
Profit (loss) carried forward`14`	11,326	11,326	11,272	-23,306	-5,462	-19,443	-47,633
Amounts payable`17/49`	515,412	483,593	547,820	628,663	688,361	504,024	269,342
Amounts payable after more than one year`17`	380,389	346,671	373,452	429,059	498,250	266,338	146,654
Financial debts`170/4`	380,389	346,671	373,452	429,059	498,250	266,338	146,654
Amounts payable within one year`42/48`	135,023	136,922	174,368	199,473	190,053	237,436	122,689
Current portion of amounts payable after more than one year`42`	45,486	42,535	55,631	69,190	69,213	43,419	37,116
Trade debts`44`	24,440	22,714	34,231	45,866	36,432	134,307	36,161
Suppliers`440/4`	24,440	22,714	34,231	45,866	36,432	134,307	36,161
Taxes, remuneration and social security`45`	10,342	6,862	10,588	7,610	5,201	1,500	9,689
Taxes`450/3`	10,342	6,862	6,986	2,994	3,376	-	-
Remuneration and social security`454/9`	-	-	3,602	4,617	1,825	1,500	9,689
Other amounts payable`47/48`	54,755	64,811	73,918	76,807	79,207	58,210	39,722
Accrued charges and deferred income`492/3`	-	-	-	130	58	249	-
Income statement
Non-recurring operating income`76A`	-	63	-	-	-	-	-
Gross operating margin`9900`	98,439	107,441	169,501	105,910	94,033	80,969	148,012
Remuneration, social security and pensions`62`	6,015	19,835	50,826	43,527	12,776	722	141,876
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	48,589	49,318	71,059	70,479	63,130	36,312	30,980
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-1,766	-	-	-1,351	-	2,503	614
Other operating charges`640/8`	5,708	5,867	5,252	2,105	2,557	4,637	5,682
Non-recurring operating charges`66A`	-	1,679	-	-	-	4,481	8,602
Operating profit (loss)`9901`	39,892	30,742	42,364	-8,851	15,570	32,313	-39,741
Financial income`75/76B`	374	126	113	835	7,088	1,938	312
Recurring financial income`75`	374	126	113	835	7,088	1,938	312
Financial charges`65/66B`	8,828	6,550	7,768	9,792	8,677	6,061	8,204
Recurring financial charges`65`	8,828	6,550	7,768	9,792	8,677	6,061	8,204
Profit (loss) for the period before taxes`9903`	31,438	24,319	34,709	-17,807	13,982	28,190	-47,633
Income taxes`67/77`	2,986	2,364	132	37	-	-	-
Profit (loss) for the period`9904`	28,452	21,954	34,578	-17,844	13,982	28,190	-47,633
Profit (loss) for the period to be appropriated`9905`	28,452	21,954	34,578	-17,844	13,982	28,190	-47,633
Appropriation of the result
Profit (loss) to be appropriated`9906`	39,778	33,226	11,272	-23,306	-5,462	-19,443	-47,633
Profit (loss) brought forward from the previous period`14P`	11,326	11,272	-23,306	-5,462	-19,443	-	-
Transfer to equity`691/2`	28,452	21,900	-	-	-	-	-
To other reserves`6921`	28,452	21,900	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	1.3	2	2	1.3	-	2.3
Hours worked`1013`	-	640	1,768	1,648	520	-	1,814
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-06-2026	2026-00214450	PDF
31-12-2024	micro format	09-06-2025	2025-00132225	PDF
31-12-2023	micro format	26-07-2024	2024-00306993	PDF
31-12-2022	micro format	31-08-2023	2023-00403995	PDF
31-12-2021	micro format	23-08-2022	2022-20305905	PDF
31-12-2020	micro format	30-06-2021	2021-29400039	PDF
31-12-2019	micro format	30-06-2020	2020-24000071	PDF

Line	2025	2024	2023	2022	2021	2020	2019
EBITDA	88,481	80,060	113,423	61,628	78,700	68,625	-8,761
Cash flow	77,041	71,272	105,637	52,634	77,111	64,502	-16,653
Investment in fixed assets	85,606	20,698	1,141	12,030	248,961	269,355	195,903
Change in cash	792	13,063	-5,328	3,084	-14,526	5,972	-
Working capital	20,751	-4,402	-31,874	-80,632	-52,119	-114,989	-30,070
Solvency	14.4%	10.7%	6.2%	0.3%	2.8%	1.1%	-9.2%
Current ratio	1.15	0.97	0.82	0.60	0.73	0.52	0.75
Quick ratio	0.46	0.33	0.31	0.26	0.25	0.27	0.33
Debt to equity	5.95	8.31	15.10	-	35.23	90.70	-
ROE	32.8%	37.7%	95.3%	-	71.6%	507.3%	-
ROA	4.7%	4.1%	5.9%	-2.8%	2.0%	5.5%	-19.3%
Interest coverage	10.02	12.22	14.60	6.29	9.07	-	-

Item	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	2	2	2
full-time	1	2	2	2
in full-time equivalents	1	2	2	2
Average over the year, in full-time equivalents	1.3	2	2	1.3
On a permanent contract	1	2	2	2
Joined	0	-	-	1
Left	1	-	-	0

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€27,500	€27,500	€27,500	€27,500	€27,500
Mortgage mandates	€443,300	€443,300	€443,300	€443,300	€443,300
Carrying value of the mortgaged assets	€321,257	€342,651	€364,046	€385,440	€407,515

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€85,606	€20,698	€1,141	€12,030	€248,961
Depreciation and write-downs of the year	€48,589	€49,318	€71,059	€70,479	€63,130

Establishment	Since	Unit number
Bruggestraat 590 A registered office 8930 Menen
Krommebeekstraat 50 8930 Menen 22260 Manufacture of rubber and plastic products	01-02-2018	2.272.697.033

29-04-2020	Granted	Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 21-02-2020 · project 2020022355	Menen
19-02-2020	Discontinued	Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 06-02-2020 · project 2020014424	Menen
20-12-2019	Discontinued	Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 04-10-2019 · project 2019093490	Menen

Cadastral parcel	Area	Buildings	Height / floors
34372B0227/00K000	1,496 m²	1 · 976 m²	7.7 m · 2
34372A0148/00A002	1,051 m²	1 · 282 m²	7.3 m · 2

Overview

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Annual accounts 2025

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Solvency14.4%

Current ratio1.15

Return on assets4.7%

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