Debts
€3.9m 72% of the balance sheet
Suppliers 1%Taxes and wages 1%Other 98%
VEM
Overview
Lifetime
16 annual accounts with figures on one time axispeak €679,870 (2010)
€338,510▼ 2.9%
lowest -€146,400 (2012)
€12,263▼ 43.1%
peak €1.5m (2025)
€1.5m▲ 0.8%
€3.9m▼ 6.8%
Board1 name since 2008
1 directorVan Eeckhout Philiep
Owners
85.03%VEHO
Documentsfilings and deeds
23-04-20267 days before the deadline
2025micro format
Result from €21,568 to €12,263Cash from €12,913 to €8,598
Key points
from the 2025 annual accountsFilings
16 annual accounts since 2010
The 2019 accounts came 183 days late. The other nine of the last ten were filed on time.
Position in the sector
€1.5m
More equity than 95% of companies in rental and leasing. Sector median €45,393 · 1,853 companies.
Checked score
88
Excellent
Financially stronger than 33% of small companies in rental and leasing (NACE 77)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 466 companies (NACE 77, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%▼ -0.2 percentage points vs 04-2025lowest value
06-2025: 0.2%● unchanged vs 05-2025lowest value
07-2025: 0.2%● unchanged vs 06-2025lowest value
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 0.2%▼ -0.4 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.62, cash €8,598
lowers risk
Size: total assets €5.4m
Founded in 2008
Figures for financial year 2025 (filed on 05-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, small). It does better than 41% of them on solvency, 8% on liquidity, 44% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as VEM has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VEM itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for VEM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.62 (0.57 in 2024), below 1. Short-term debt is 71.8% and cash 0.2% of total assets. 71.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
26 days early
2023
43 days early
2022
7 days early
2021
24 days early
2020
on the day
2019
183 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 6 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807938338
Capital increase of €1,181,400
568 new shares · enige aandeelhouder holds all the shares · General meeting of 03-03-2022 · Gazette deed
First establishment
Baronielaan 5, Izegem
Incorporation
published on 02-12-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VEM Izegem | €5.4m | €338,510 | 28.2% | - |
| HESTY Enghien | €4.6m | €316,852 | 5.3% | - |
| Brahold Sint-Niklaas | €4.9m | €150,560 | 98.4% | 2 |
| GROEP AWOUTERS Pelt | €3.5m | €368,152 | 63.9% | - |
| GROEP HEYRMAN Beveren-Kruibeke-Zwijndrecht | €4.4m | €662,551 | 62.9% | 5.3 |
| VERHUUR ANDRE DEPUYDT Hooglede | €2.8m | €727,146 | 99.3% | - |
| IBAAR Hooglede | €2.1m | €224,375 | 43.4% | - |
These companies have the same main activity as VEM: rental and leasing activities (NACE 77320). They are comparable in size and age: total assets between €2.1m and €4.9m, founded between 2000 and 2012.
Official details
Source: KBO- Status
- Active since 20-11-2008Normal situation
- Activity
- Rental and leasing activitiesNACE 77320and 1 other
- Establishment unit
- 2.175.776.6138870 Izegem, since 01-01-2009
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-09-2025
- €338,510▼ 2.9%
- ≈ €680,000estimated
- €12,263▼ 43.1%
- €1.5m▲ 0.8%
- €5.4m▼ 4.8%
- Filing
- Filed on 23-04-2026, 7 days before the end of the filing period
Insights on VEM
VEM files the micro format. That format states no turnover. The gross margin fell from €679,870 in 2010 to €338,510 in 2025.
The balance sheet grew most from 2019 to 2020 through fixed assets.
VEHO holds 85.03% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-04-2026, 7 days before the deadline€338,510
▼ 2.9%
€33,152
▼ 23.4%
€12,263
▼ 43.1%
-€1.5m
▲ €275,501
28.2%
▲ 1.6 percentage points
0.62
▲ 0.04
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €680,000. Estimated: probably between €470,000 and €990,000.
Balance sheet
balance sheet total €5.4m on 30-09-2025What the company ownsHow it is paid for
in €m
in euro
Position in the sector
28.2%
Higher than 48% of 1,847 companies in 2025.
0.62
Higher than 32% of 1,759 companies in 2025.
0.2%
Higher than 37% of 1,776 companies in 2025.
VEM
Middle half of the sector
80% of the sector
Micro accounts in rental and leasing (NACE 77)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
5.4m | 5.7m | 5.6m | 5.9m | 4.6m | 5.5m | 5.5m | 508,400 | 597,510 | 1.3m | 810,986 | 2.1m | 2.1m | 1.6m | 1.2m | 1.6m | |
21/28 |
3.0m | 3.3m | 3.6m | 3.9m | 4.1m | 4.5m | 4.6m | 11,800 | 16,100 | 20,400 | 24,700 | 7,500 | 7,500 | 7,500 | 7,500 | - | |
22/27 |
2.9m | 3.2m | 3.5m | 3.8m | 4.1m | 4.4m | 4.6m | 4,300 | 8,600 | 12,900 | 17,200 | - | - | - | - | - | |
23 |
2.9m | 3.2m | 3.5m | 3.8m | 4.1m | 4.4m | 4.6m | - | - | - | - | - | - | - | - | - | |
24 |
- | - | - | - | - | - | - | 4,300 | 8,600 | 12,900 | 17,200 | - | - | - | - | - | |
28 |
141,758 | 141,758 | 141,758 | 141,758 | 36,279 | 36,279 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | - | |
29/58 |
2.4m | 2.4m | 2.0m | 1.9m | 493,347 | 1.1m | 915,983 | 496,600 | 581,410 | 1.3m | 786,286 | 2.1m | 2.0m | 1.6m | 1.1m | 1.6m | |
40/41 |
2.4m | 2.3m | 2.0m | 1.6m | 399,797 | 1.1m | 913,385 | 356,989 | 567,800 | 557,067 | 477,357 | 425,368 | 529,748 | 291,287 | 823,562 | 1.6m | |
40 |
217,800 | 303,258 | 58,230 | 226,875 | 199,797 | 164,439 | - | - | 487,650 | 432,650 | 343,401 | 298,926 | 346,133 | 149,014 | 75,348 | 1.6m | |
41 |
2.2m | 2.0m | 1.9m | 1.4m | 200,000 | 913,385 | 913,385 | 356,989 | 80,150 | 124,417 | 133,956 | 126,442 | 183,616 | 142,272 | 748,214 | - | |
54/58 |
8,598 | 12,913 | 4,995 | 279,538 | 92,153 | 1,419 | 2,599 | 139,611 | 13,610 | 706,664 | 308,929 | 1.7m | 1.5m | 1.3m | 324,623 | 298 | |
490/1 |
0 | 19,679 | 15,997 | 8,397 | 1,397 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
5.4m | 5.7m | 5.6m | 5.9m | 4.6m | 5.5m | 5.5m | 508,400 | 597,510 | 1.3m | 810,986 | 2.1m | 2.1m | 1.6m | 1.2m | 1.6m | |
10/15 |
1.5m | 1.5m | 1.5m | 1.5m | 352,813 | 387,049 | 457,891 | 506,218 | 505,450 | 489,020 | 450,256 | 391,914 | 441,296 | 307,664 | 454,064 | 445,303 | |
10/11 |
1.2m | 1.2m | 1.2m | 1.2m | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
333,351 | 321,088 | 299,520 | 315,198 | 338,553 | 372,789 | 443,631 | 491,958 | 491,190 | 474,760 | 435,996 | 377,654 | 427,036 | 293,404 | 439,804 | 431,043 | |
17/49 |
3.9m | 4.2m | 4.1m | 4.4m | 4.3m | 5.1m | 5.0m | 2,182 | 92,060 | 795,111 | 360,729 | 1.7m | 1.6m | 1.3m | 701,621 | 1.1m | |
42/48 |
3.9m | 4.2m | 4.1m | 4.3m | 4.3m | 5.1m | 5.0m | 2,182 | 92,060 | 795,111 | 360,729 | 1.7m | 1.6m | 1.3m | 701,621 | 1.1m | |
44 |
44,838 | 85 | 1,030 | 18,888 | 0 | 450 | - | 67 | 86,562 | 786,079 | 352,500 | 534,114 | 484,000 | 218,816 | 700,788 | 700,598 | |
440/4 |
44,838 | 85 | 1,030 | 18,888 | 0 | 450 | - | 67 | 86,562 | 786,079 | 352,500 | 534,114 | 484,000 | 218,816 | 700,788 | 700,598 | |
45 |
22,512 | 30,637 | 18,040 | 17,455 | 15,649 | 10,052 | 430 | 578 | 181 | - | - | - | - | - | 834 | 320,396 | |
450/3 |
22,512 | 30,637 | 18,040 | 17,455 | 15,649 | 10,052 | 430 | 578 | 181 | - | - | - | - | - | 834 | 320,396 | |
47/48 |
3.8m | 4.1m | 4.1m | 4.3m | 4.3m | 5.1m | 5.0m | 1,537 | 5,317 | 9,032 | 8,229 | 1.2m | 1.1m | 1.1m | - | 85,652 | |
492/3 |
0 | 41,224 | 42,130 | 42,715 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||
9900 |
338,510 | 348,615 | 321,483 | 316,528 | 309,253 | 132,821 | -1,868 | -2,991 | 21,646 | 85,053 | 67,031 | 42,539 | 206,258 | -181,693 | 9,753 | 679,870 | |
630 |
304,461 | 304,461 | 304,461 | 304,461 | 304,461 | 152,079 | 4,300 | 4,300 | 4,300 | 4,300 | 4,300 | - | - | - | - | 871 | |
640/8 |
896 | 861 | 821 | 761 | 641 | 747 | 733 | 720 | 707 | 42,231 | 5,203 | 14,172 | 127 | 218 | 212 | 182 | |
9901 |
33,152 | 43,293 | 16,201 | 11,306 | 4,151 | -20,005 | -6,901 | -8,011 | 16,640 | 38,523 | 57,528 | 28,366 | 206,132 | -181,911 | 9,541 | 678,818 | |
75/76B |
20,925 | 19,679 | 15,997 | 8,397 | 7,426 | - | - | 8,989 | - | 246 | 843 | 965 | 1,052 | 40,406 | 20 | 50 | |
75 |
20,925 | 19,679 | 15,997 | 8,397 | 7,426 | - | - | 8,989 | - | 246 | 843 | 965 | 1,052 | 40,406 | 20 | 50 | |
65/66B |
41,669 | 41,263 | 42,169 | 42,916 | 45,671 | 50,669 | 41,258 | 30 | 29 | 4 | 29 | 78,713 | 73,552 | 4,894 | 800 | 32 | |
65 |
41,669 | 41,263 | 42,169 | 42,916 | 45,671 | 50,669 | 41,258 | 30 | 29 | 4 | 29 | 78,713 | 73,552 | 4,894 | 800 | 32 | |
9903 |
12,408 | 21,709 | -9,971 | -23,213 | -34,095 | -70,674 | -48,159 | 948 | 16,611 | 38,764 | 58,342 | -49,382 | 133,632 | -146,400 | 8,761 | 678,836 | |
67/77 |
145 | 142 | 5,707 | 142 | 142 | 168 | 168 | 181 | 181 | - | - | - | - | - | - | 245,933 | |
9904 |
12,263 | 21,568 | -15,677 | -23,355 | -34,236 | -70,842 | -48,327 | 768 | 16,430 | 38,764 | 58,342 | -49,382 | 133,632 | -146,400 | 8,761 | 432,903 | |
9905 |
12,263 | 21,568 | -15,677 | -23,355 | -34,236 | -70,842 | -48,327 | 768 | 16,430 | 38,764 | 58,342 | -49,382 | 133,632 | -146,400 | 8,761 | 432,903 | |
| Appropriation of the result | |||||||||||||||||
9906 |
333,351 | 321,088 | 299,520 | 315,198 | 338,553 | 372,789 | 443,631 | 491,958 | 491,190 | 474,760 | 435,996 | 377,654 | 427,036 | 293,404 | 439,804 | 432,903 | |
14P |
321,088 | 299,520 | 315,198 | 338,553 | 372,789 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
| Document | |||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 23-04-2026 | 2026-00100674 | |
| 30-09-2024 | micro format | 04-04-2025 | 2025-00069150 | |
| 30-09-2023 | micro format | 18-03-2024 | 2024-00047294 | |
| 30-09-2022 | micro format | 23-04-2023 | 2023-00069415 | |
| 30-09-2021 | micro format | 06-04-2022 | 2022-20001870 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13000435 | |
| 30-09-2019 | micro format | 30-10-2020 | 2020-67400038 | |
| 30-09-2018 | micro format | 05-04-2019 | 2019-09500172 | |
| 30-09-2017 | micro format | 03-04-2018 | 2018-08900442 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08700127 | |
| 30-09-2015 | abbreviated format | 30-03-2016 | 2016-08900215 | |
| 30-09-2014 | abbreviated format | 21-04-2015 | 2015-10100338 | |
| 30-09-2013 | abbreviated format | 30-04-2014 | 2014-11300416 | |
| 30-09-2012 | abbreviated format | 26-04-2013 | 2013-10500513 | |
| 30-09-2011 | abbreviated format | 27-04-2012 | 2012-09800407 | |
| 30-09-2010 | abbreviated format | 27-04-2011 | 2011-09200535 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 337,614 | 347,755 | 320,662 | 315,767 | 308,612 | 132,074 | -2,601 | -3,711 | 20,940 | 42,823 | 61,828 | - | - | - | - | 679,688 | ||
| 316,725 | 326,029 | 288,784 | 281,107 | 270,225 | 81,237 | -44,027 | 5,068 | 20,730 | 43,064 | 62,642 | - | - | - | - | 433,774 | ||
| 0 | 0 | 0 | 105,479 | 0 | 28,779 | 4.6m | 0 | 0 | 0 | 21,500 | - | - | - | - | 871 | ||
| -4,315 | 7,918 | -274,543 | 187,386 | 90,734 | -1,180 | -137,012 | 126,000 | -693,054 | 397,735 | -1.4m | 183,796 | 234,021 | 961,092 | 324,324 | - | ||
| -1.5m | -1.8m | -2.1m | -2.4m | -3.8m | -4.1m | -4.1m | 494,418 | 489,350 | 468,620 | 425,556 | 384,414 | 433,796 | 300,164 | 446,564 | 445,303 | ||
| 28.2% | 26.6% | 26.6% | 25.9% | 7.6% | 7.0% | 8.3% | 99.6% | 84.6% | 38.1% | 55.5% | 18.3% | 21.5% | 19.4% | 39.3% | 28.7% | ||
| 0.62 | 0.57 | 0.49 | 0.45 | 0.12 | 0.21 | 0.18 | - | 6.32 | 1.59 | 2.18 | 1.22 | 1.27 | 1.24 | 1.64 | 1.40 | ||
| 2.55 | 2.75 | 2.76 | 2.87 | 12.15 | 13.29 | 10.99 | 0.00 | 0.18 | 1.63 | 0.80 | 4.45 | 3.66 | 4.15 | 1.55 | 2.49 | ||
| 0.8% | 1.4% | -1.0% | -1.5% | -9.7% | -18.3% | -10.6% | 0.2% | 3.3% | 7.9% | 13.0% | -12.6% | 30.3% | -47.6% | 1.9% | 97.2% | ||
| 0.2% | 0.4% | -0.3% | -0.4% | -0.7% | -1.3% | -0.9% | 0.2% | 2.7% | 3.0% | 7.2% | -2.3% | 6.5% | -9.2% | 0.8% | 27.9% | ||
| 8.10 | 8.43 | 7.60 | 7.36 | 6.76 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €0 |
| €304,461 | €304,461 | €304,461 | €304,461 | €304,461 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VEM
The operating result for 2025 is 23% lower than in 2024.
Debt's share of the balance-sheet total falls from 73.4% to 71.8%. Equity is higher and debt is lower.
Large changes and their cause
- 2022 Equity +330% on 2021. Capital increase of €1,181,400 (Official Gazette 09-03-2022).
Board & ownership
Board
1 directorVan Eeckhout Philiep
Director
since 20-11-2008
listed in the 2025 annual accounts, filed on 23-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 09-03-2022
Mandates through the years
1 name, the dashed line is todayVan Eeckhout Philiep
Director
Director
Board
Mandates as a list
- Van Eeckhout Philiep
- Director, from 20-11-2008 to date
Control
Parent
Equity €108.8m
Profit €24.8m in 2025 (profit €2.5m in 2024)
Checked score 97
Source: accounts VEHO 30-09-2025
85.03%
This company
VEM
Equity €1.5m
Profit €12,263 in 2025
Capital
- Contribution
- €1,200,000
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- VEHO
Source: lists of holdings in the owners' accounts
Articles of association
deed of 09-03-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of March at 20:00
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 09-03-2022 ↗
- enige aandeelhouder all shares
Capital over time
- 09-03-2022 Converted to available equity · €20,460
- 09-03-2022 Capital increase of €1,181,400 · 568 new shares · in cash
Network & group
Holdings
own accounts to 30-09-2025This companyVEM1 holding, 1 country
accounts to 30-09-2025
Belgium 1 Equity Result
- BE 4Nature14.28% €950,411 result €5,491
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
Parent
VEHO
Checked score 970448.186.916 · 85.03% of the shares · equity €108.8m · profit €24.8m (2025)
At the same address
Baronielaan 5, 8870 Izegem · 4 other companies| VEHO
registered office since 07-10-1992 · founded in 1992 |
total assets €114.9m (2025) 0448.186.916 |
| Suzalies
registered office since 27-11-2024 |
founded in 2024 1016.824.274 |
| Sukaheli
registered office since 30-06-2020 |
founded in 2020 0750.784.057 |
| Lihekasu
registered office since 26-09-2018 |
founded in 2018 0730.962.801 |
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- Equity €950,411 Profit of €5,491 in 2025 (profit of €19,294 in 2024) Checked score 94Sourceown accounts 30-09-202514.28%
Board mandates elsewhere
1 board mandateBoard mandates of VEMVEM sits on their board1
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
28 events since 2008Capital
Filings
Financial
Establishments
2008201020122014201620182020202220242026
Deadline for the 2026 accounts: 30-04-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0807938338
Annual accounts 2025 filed PDFmicro format · 7 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 26 days before the deadline
2024
Back to profit net €21,568 The net result is €21,568, after 5 loss-making years.
Annual accounts 2023 filed PDFmicro format · 43 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 7 days before the deadline
2022
Equity above €1m equity €1.5m ▲330% Equity rises from €352,813 to €1.5m.
Annual accounts 2021 filed PDFmicro format · 24 days before the deadline
Capital increase of €1,181,400568 new shares · enige aandeelhouder holds all the shares · General meeting of 03-03-20224 points ▸
- General meeting, 03-03-2022
- Board composition, Van Eeckhout Philiep (director)
- Capital increase, €1,181,400
- enige aandeelhouder holds all the shares
- The deed holds 5 more points.
2021
Annual accounts 2020 filed PDFmicro format · on the deadline day
2020
Annual accounts 2019 filed PDFmicro format · 183 days late
2019
Annual accounts 2018 filed PDFmicro format · 25 days before the deadline
2018
Liquidity times 36 current ratio 227.57 The current ratio rises from 6.32 to 227.57. Short-term debt falls from €92,060 to €2,182.
Annual accounts 2017 filed PDFmicro format · 27 days before the deadline
2017
Liquidity more than triples current ratio 6.32 The current ratio rises from 1.59 to 6.32. Short-term debt falls from €795,111 to €92,060.
Equity above €500,000 equity €505,450 ▲3.4% After 3 profitable years in a row, equity reaches €505,450.
Annual accounts 2016 filed PDFabbreviated format · 30 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 31 days before the deadline
2015
Back to profit net €58,342 The net result is €58,342, after one loss-making year.
Annual accounts 2014 filed PDFabbreviated format · 9 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Back to profit net €133,632 The net result is €133,632, after one loss-making year.
Annual accounts 2012 filed PDFabbreviated format · 4 days before the deadline
2012
Weakest financial year net -€146,400 The net result drops to -€146,400, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2011 filed PDFabbreviated format · 3 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 3 days before the deadline
2009
First establishment Baronielaan 5, Izegem
2008
Incorporation PDFpublished on 02-12-2008
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0807.938.338
- VAT number
- BE 0807.938.338
- Peppol ID
- 0208:0807938338
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-11-2008
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of March at 20:00deed of 09-03-2022 (in Dutch)
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- VEM in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-03-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Baronielaan 5, 8870 Izegem”“Vlaams Gewest”deed of 09-03-2022 (in Dutch)
Activities
NACEBEL 202577320
Rental and leasing activities main activity
Codes under NACEBEL 2008
77320
Rental and leasing activities main activity
64200
Holdings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het beheer en oordeelkundig uitbreiden van een vermogen bestaande zowel uit onroerende goederen van alle aard,als effecten,waarden en…”deed of 09-03-2022 (in Dutch)
8 activities
- Het beheer en oordeelkundig uitbreiden van een vermogen bestaande zowel uit onroerende goederen van alle aard,als effecten,waarden en lichamelijke roerende goederen en onder meer: het aankopen en verkopen,beheren,huren en verhuren — al dan niet gemeubeld — en andere overeenkomsten met derden aangaande het gebruik,genot en opbrengst van alle onroerende en roerende goederen,het oprichten,bouwen en verbouwen,het slopen,verkavelen,ruilen,splitsen,omvormen,het valoriseren,het herinrichten en de exploitatie van alle onroerende goederen,bouwwerken en constructies voor alle bestemmingen en met alle technieken,met inbegrip van onroerende leasing en in het algemeen alle immobiliaire operaties of ermede verband houdende verrichtingen.
- De handel in groot en klein,in binnen- en buitenland,met inbegrip van import en export in alle machines,apparaten,toestellen en meubelen,voor de inrichting en de uitrusting en het operationeel maken van bedrijven,kantoren,constructies,en andere onroerende goederen in de ruime zin van het woord.
- De plaatsing,het onderhoud en de herstelling van alle bovengenoemde machines,apparaten en onroerende goederen,zowel als hoofdhandelaar,bemiddelaar,makelaar,commissionaris en concessionaris.
- Het nemen van participaties,onder welke vorm ook,in alle bestaande en op te richten vennootschappen en ondernemingen en het verlenen van persoonlijke en zakelijke,roerende als onroerende waarborgen ten voordele van derden.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- Het optreden als tussenpersoon in de handel,zowel in nationale als internationale context.
- Het verstrekken van operationeel,intellectueel,financieel en commercieel advies betreffende de organisatie,bestuur en uitbating van productiebedrijven of dienstverlenende ondernemingen.
- Het bestuur waarnemen van andere vennootschappen of ondernemingen en daarvoor vergoedingen ontvangen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Baronielaan 5 registered office 8870 Izegem | 01-01-2009 | 2.175.776.613 |
Buildings and parcels at the address
- Ground area
- 2,127 m²
- Buildings
- 232 m²
- Volume, LiDAR
- 1,512 m³
- Tallest building
- 10.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36493B0486/00G003 | 2,127 m² | 1 · 232 m² | 10.4 m · 2 |