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VIABUILD GROUP

Active
Public limited companyfounded 198838 yrs activeGansbroekstraat 70, 2870 Puurs-Sint-Amands, BelgiumKBO/BCE: BE 0435.143.483
Summary

VIABUILD GROUP has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.1m and a net result of -€419,448. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 60% of 876 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▼-2
Solvency74▼-2
Growth28▼-13
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.02 in 2024; short-term debt: 41.2% and cash: 0% of total assets), and 51.2% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
48.8%
Return on assets
-0.6%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
24 d early
2024
14 d late
2023
30 d early
2022
28 d early
2021
26 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VIABUILD GROUP was incorporated on 24 August 1988.1 The name was changed to VERHAEREN KEMBO GROEP in 2011 and to Viabuild Group in 2012.23 In 2011 the capital was increased by EUR 606,336 to EUR 7.6 million.2 Between 2011 and 2013 the company absorbed Algemene Aannemingen Transport Jan Stallaert and TRANSRAM by merger.45 The registered office moved to Mechelen in 2013 and to Puurs-Sint-Amands in 2019.67 Revenue fell from EUR 2.5 million in 2018 to EUR 1.8 million in 2025.8

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-12-2011
  3. 3Belgian State Gazette, 04-10-2012
  4. 4Belgian State Gazette, 07-09-2011
  5. 5Belgian State Gazette, 24-04-2013
  6. 6Belgian State Gazette, 28-01-2013
  7. 7Belgian State Gazette, 23-07-2019
  8. 8National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€1.8m▲ 18.5%
2024 · €1.5m
EBIT margin
44.7%▼ 60.0pp
2024 · 104.7%
Net result
-€419,448
2024 · €102,774
Working capital
-€26.5m▼ 4.0%
2024 · -€25.5m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€1.6m▼ 6.4%€1.3m▼ 22.9%€1.6m▲ 29.4%€1.5m▼ 6.2%€1.8m▲ 18.5%
Operating result€412,813▲ 2.0%-€83,309-€2.5m▼ 2,958%€1.6m€811,305▼ 49.4%
Net result€102,881within the sector's middle half▲ 128%€2.1mabove the sector's middle half▲ 1,897%-€3.8mbelow the sector's middle half€102,774within the sector's middle half-€419,448below the sector's middle half
EBIT margin25.2%▲ 2.1pp-6.6%▼ 31.8pp-156.0%▼ 149.4pp104.7%▲ 260.6pp44.7%▼ 60.0pp
Equity€36.1mabove the sector's middle half▲ 0.3%€38.2mabove the sector's middle half▲ 5.7%€34.4mabove the sector's middle half▼ 10.0%€34.5mabove the sector's middle half▲ 0.3%€34.1mabove the sector's middle half▼ 1.2%
Total assets€66.5mabove the sector's middle half▼ 5.0%€66.0mabove the sector's middle half▼ 0.8%€66.4mabove the sector's middle half▲ 0.5%€67.9mabove the sector's middle half▲ 2.4%€69.8mabove the sector's middle half▲ 2.7%
Debt€30.4m▼ 10.6%€27.8m▼ 8.5%€32.0m▲ 15.0%€33.5m▲ 4.6%€35.7m▲ 6.7%
Working capital-€18.7mbelow the sector's middle half▼ 27.2%-€18.0mbelow the sector's middle half▲ 3.9%-€22.0mbelow the sector's middle half▼ 22.1%-€25.5mbelow the sector's middle half▼ 16.0%-€26.5mbelow the sector's middle half▼ 4.0%
Solvency54.3%within the sector's middle half▲ 2.9pp57.9%above the sector's middle half▲ 3.5pp51.8%within the sector's middle half▼ 6.0pp50.8%within the sector's middle half▼ 1.1pp48.8%within the sector's middle half▼ 1.9pp
Current ratio0.09below the sector's middle half▼ 0.170.07below the sector's middle half▼ 0.020.08below the sector's middle half=0.02below the sector's middle half▼ 0.060.08below the sector's middle half▲ 0.06
Return on assets (ROA)0.2%within the sector's middle half▲ 0.1pp3.1%within the sector's middle half▲ 3.0pp-5.7%below the sector's middle half▼ 8.8pp0.2%within the sector's middle half▲ 5.9pp-0.6%below the sector's middle half▼ 0.8pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€4.0m-€2.0m€0€2.0mOperating result 2021: €412,813€412,813Net result 2021: €102,881€102,881Operating result 2022: -€83,309-€83,309Net result 2022: €2.1m€2.1mOperating result 2023: -€2.5m-€2.5mNet result 2023: -€3.8m-€3.8mOperating result 2024: €1.6m€1.6mNet result 2024: €102,774€102,774Operating result 2025: €811,305€811,305Net result 2025: -€419,448-€419,44820212022202320242025-€4m-€2m€0€2mOperating result 2023: -€2.5m-€2.5mNet result 2023: -€3.8m-€3.8mOperating result 2024: €1.6m€1.6mNet result 2024: €102,774€103,000Operating result 2025: €811,305€811,000Net result 2025: -€419,448-€419,000202320242025
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.8m
Fixed assets €67.5m =
Current assets €2.2m ▲ 457%
Equity and liabilities €69.8m
Equity €34.1m ▼ 1.2%
Debt €35.7m ▲ 6.7%
Debt's share of the balance-sheet total rises from 49.2% to 51.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
1.05▲
2024 · 0.97
ROE
-1.2%▼
2024 · 0.3%
Debt ≤ 1 year
€28.7m▲
2024 · €25.9m
Debt > 1 year
€6.6m▼
2024 · €7.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet Code20242025
Assets
Total assets20/58€67.9m€69.8m▲
Fixed assets21/28€67.5m€67.5m=
Financial fixed assets28€67.5m€67.5m=
Affiliated companies280/1€67.5m€67.5m=
Participating interests280€67.5m€67.5m=
Other financial fixed assets284/8€2,230€2,230=
Amounts receivable and cash guarantees285/8€2,230€2,230=
Current assets29/58€398,654€2.2m▲
Amounts receivable within one year40/41€368,766€2.2m▲
Trade receivables40€62,744€1.8m▲
Other amounts receivable41€306,022€371,968▲
Cash at bank and in hand54/58€13,599€24,114▲
Deferred charges and accrued income490/1€16,289€10,611▼
Equity and liabilities
Total equity and liabilities10/49€67.9m€69.8m▲
Equity10/15€34.5m€34.1m▼
Contributions10/11€27.5m€27.5m=
Capital10€5.0m€5.0m=
Issued capital100€5.0m€5.0m=
Outside capital11€22.5m€22.5m=
Share premium1100/10€22.5m€22.5m=
Reserves13€7.0m€6.6m▼
Non-distributable reserves130/1€495,477€495,476=
Legal reserve130€495,477€495,476=
Tax-exempt reserves132€23,000€23,000=
Distributable reserves133€6.5m€6.1m▼
Amounts payable17/49€33.5m€35.7m▲
Amounts payable after more than one year17€7.2m€6.6m▼
Financial debts170/4€7.2m€6.6m▼
Subordinated loans170€6.4m€6.4m=
Credit institutions173€761,506€152,929▼
Amounts payable within one year42/48€25.9m€28.7m▲
Current portion of amounts payable after more than one year42€603,616€608,577▲
Trade debts44€158,921€208,541▲
Suppliers440/4€158,921€208,541▲
Other amounts payable47/48€25.1m€27.9m▲
Accrued charges and deferred income492/3€387,024€385,967▼
Income statement Code20242025
Operating income70/76A€2.8m€2.1m▼
Turnover70€1.5m€1.8m▲
Other operating income74€218,158€64,518▼
Non-recurring operating income76A€1.0m€221,485▼
Operating charges60/66A€1.2m€1.3m▲
Goods for resale, raw materials and consumables60€43,638€31,364▼
Purchases600/8€43,638€31,364▼
Services and other goods61€1.1m€1.3m▲
Other operating charges640/8€2,968€2,557▼
Operating profit (loss)9901€1.6m€811,305▼
Financial income75/76B€888€1,067▲
Recurring financial income75€888€1,067▲
Income from financial fixed assets750€888€1,067▲
Financial charges65/66B€1.5m€1.2m▼
Recurring financial charges65€1.5m€1.2m▼
Debt charges650€1.5m€1.2m▼
Other financial charges652/9€15,783€14,760▼
Profit (loss) for the period before taxes9903€102,774-€419,448▼
Profit (loss) for the period9904€102,774-€419,448▼
Profit (loss) for the period to be appropriated9905€102,774-€419,448▼
Appropriation of the result
Profit (loss) to be appropriated9906€102,774-€419,448▼
Transfer from equity791/2-€419,448
From reserves792-€419,448
Transfer to equity691/2€102,774-
To other reserves6921€102,774-

The notes to these accounts (31 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€1.8m€1.3m€1.7m€2.8m€2.1m▼ 24.2%
Turnover70€1.6m€1.3m€1.6m€1.5m€1.8m▲ 18.5%
Other operating income74€175,107€21,812€18,797€218,158€64,518▼ 70.4%
Non-recurring operating income76A---€1.0m€221,485▼ 78.3%
Operating charges60/66A€1.4m€1.4m€4.2m€1.2m€1.3m▲ 10.4%
Goods for resale, raw materials and consumables60€197,524€130,031€70,561€43,638€31,364▼ 28.1%
Purchases600/8€197,524€130,031€70,561€43,638€31,364▼ 28.1%
Services and other goods61€1.1m€1.2m€4.1m€1.1m€1.3m▲ 12.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,552€14,360€8,281---
Other operating charges640/8€7,036€5,052€3,889€2,968€2,557▼ 13.8%
Operating profit (loss)9901€412,813-€83,309-€2.5m€1.6m€811,305▼ 49.4%
Financial income75/76B€703,530€2.8m€42,605€888€1,067▲ 20.1%
Recurring financial income75€703,530€1.3m€22,240€888€1,067▲ 20.1%
Income from financial fixed assets750€699,821€1.3m€22,238€888€1,067▲ 20.1%
Income from current assets751€1,440-----
Other financial income752/9€2,269€30€2---
Non-recurring financial income76B-€1.5m€20,365---
Financial charges65/66B€1.0m€703,247€1.3m€1.5m€1.2m▼ 18.0%
Recurring financial charges65€1.0m€703,247€1.3m€1.5m€1.2m▼ 18.0%
Debt charges650€999,177€679,878€1.3m€1.5m€1.2m▼ 18.1%
Other financial charges652/9€14,285€23,369€15,975€15,783€14,760▼ 6.5%
Profit (loss) for the period before taxes9903€102,881€2.1m-€3.8m€102,774-€419,448▼ 508%
Profit (loss) for the period9904€102,881€2.1m-€3.8m€102,774-€419,448▼ 508%
Profit (loss) for the period to be appropriated9905€102,881€2.1m-€3.8m€102,774-€419,448▼ 508%
Line20212022202320242025Change
Assets
Total assets20/58€66.5m€66.0m€66.4m€67.9m€69.8m▲ 2.7%
Fixed assets21/28€64.6m€64.6m€64.5m€67.5m€67.5m=
Intangible fixed assets21€21,566€8,282----
Tangible fixed assets22/27-€9,138----
Furniture and vehicles24-€9,138----
Financial fixed assets28€64.6m€64.6m€64.5m€67.5m€67.5m=
Affiliated companies280/1€64.6m€64.6m€64.5m€67.5m€67.5m=
Participating interests280€64.6m€64.6m€64.5m€67.5m€67.5m=
Other financial fixed assets284/8€2,700€2,700€2,365€2,230€2,230=
Amounts receivable and cash guarantees285/8€2,700€2,700€2,365€2,230€2,230=
Current assets29/58€1.9m€1.4m€1.8m€398,654€2.2m▲ 457%
Amounts receivable within one year40/41€1.8m€1.4m€1.8m€368,766€2.2m▲ 493%
Trade receivables40€1.5m€1.1m€1.5m€62,744€1.8m▲ 2,793%
Other amounts receivable41€310,205€285,044€314,332€306,022€371,968▲ 21.5%
Cash at bank and in hand54/58€57,438€51,683€41,126€13,599€24,114▲ 77.3%
Deferred charges and accrued income490/1€12,540€1,796€16,640€16,289€10,611▼ 34.9%
Equity and liabilities
Total equity and liabilities10/49€66.5m€66.0m€66.4m€67.9m€69.8m▲ 2.7%
Equity10/15€36.1m€38.2m€34.4m€34.5m€34.1m▼ 1.2%
Contributions10/11€27.5m€27.5m€27.5m€27.5m€27.5m=
Capital10€5.0m€5.0m€5.0m€5.0m€5.0m=
Issued capital100€5.0m€5.0m€5.0m€5.0m€5.0m=
Outside capital11€22.5m€22.5m€22.5m€22.5m€22.5m=
Share premium1100/10€22.5m€22.5m€22.5m€22.5m€22.5m=
Reserves13€8.6m€10.7m€6.9m€7.0m€6.6m▼ 6.0%
Non-distributable reserves130/1€427,197€495,476€495,476€495,477€495,476=
Legal reserve130€427,197€495,476€495,476€495,477€495,476=
Tax-exempt reserves132€23,000€23,000€23,000€23,000€23,000=
Distributable reserves133€8.2m€10.2m€6.4m€6.5m€6.1m▼ 6.5%
Amounts payable17/49€30.4m€27.8m€32.0m€33.5m€35.7m▲ 6.7%
Amounts payable after more than one year17€9.1m€8.4m€7.8m€7.2m€6.6m▼ 8.5%
Financial debts170/4€9.1m€8.4m€7.8m€7.2m€6.6m▼ 8.5%
Subordinated loans170€9.1m€6.4m€6.4m€6.4m€6.4m=
Credit institutions173-€2.0m€1.4m€761,506€152,929▼ 79.9%
Amounts payable within one year42/48€20.6m€19.4m€23.8m€25.9m€28.7m▲ 11.0%
Current portion of amounts payable after more than one year42€86,083€618,175€623,340€603,616€608,577▲ 0.8%
Trade debts44€157,537€203,504€211,298€158,921€208,541▲ 31.2%
Suppliers440/4€157,537€203,504€211,298€158,921€208,541▲ 31.2%
Other amounts payable47/48€20.4m€18.6m€23.0m€25.1m€27.9m▲ 11.1%
Accrued charges and deferred income492/3€714,685-€385,967€387,024€385,967▼ 0.3%
Line20212022202320242025Change
Profit (loss) for the period9904€102,881€2.1m-€3.8m€102,774-€419,448▼ 508%
+ Depreciation and write-downs630€54,552€14,360€8,281---
Operating cash flow (approximation)€157,433€2.1m-€3.8m€102,774-€419,448▼ 508%
Investment in fixed assets (approximation)-€40,510€31,733-€3.0m-€0▲ 100.0%
Change in cash--€5,755-€10,557-€27,527€10,515▲ 138%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-07
State Gazette act Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
  • General meeting, 23-06-2026
  • Auditor appointment, EY Bedrijfsrevisoren BV (statutory auditor)
08-07
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
07-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
20-08
State Gazette act Reappointments: M BV, DE GROENHEUVEL and PMR INVEST
Permanent representatives: Michael Boriau, Michel Verhaeren and 4 others · Appointments: Jean-Marie de Buck van Overstraeten (chair of the board) and LeFun (director) · Resignations: VERMEC (director) and CMG INVEST (director)22 facts ▸
  • Board meeting, 24-07-2025
  • General meeting, 24-07-2025
  • Director reappointment, M BV (managing director)
  • Permanent representative, Michael Boriau
  • Director appointment, Jean-Marie de Buck van Overstraeten (chair of the board)
  • Power of attorney, De Groote - De Man
  • Director resignation, VERMEC (director)
  • Permanent representative, Michel Verhaeren
  • Director resignation, CMG INVEST (director)
  • Permanent representative, Christian Verhaeren
  • Director discharge, VERMEC
  • Director discharge, CMG INVEST
  • +10 further facts in this act
14-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 14 days late
14-08
NBB filing Annual accounts filed
fiscal year 2024 · consolidated · 14 days late
24-03
State Gazette act Reappointment: M BV (director)
Permanent representative: Michael Boriau5 facts ▸
  • General meeting, 10-01-2025
  • Board meeting, 10-01-2025
  • Director reappointment, M BV (director)
  • Director reappointment, M BV (managing director)
  • Permanent representative, Michael Boriau
2024
31-12
Financial Back to profitnet €102,774
Net result €102,774 after one loss-making year.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
01-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
21-02
State Gazette act Statutes amendment
Capital3 facts ▸
  • General meeting, 20/12/2023
  • Statutes amendment
  • Capital, €4.954.764
70.9% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
2023
31-12
Financial Weakest financial yearnet -€3.8m
Net result drops to -€3.8m, the lowest in the series; recovery starts the following year.
Show earlier events
01-12
State Gazette act Reappointment: C.Rombaut Bedrijfsrevisoren bv (statutory auditor)
2 facts ▸
  • General meeting, 27-06-2023
  • Auditor reappointment, C.Rombaut Bedrijfsrevisoren bv
03-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
03-07
NBB filing Annual accounts filed
fiscal year 2022 · consolidated
26-06
State Gazette act Resignation: Elemga BV (director)
Permanent representatives: Geert Roelens, Christian Verhaeren and 2 others · Reappointments: CMG Invest BV (class A director) and Vermec NV (class A director) · Appointment: De Groenheuvel BV (klasse b bestuurder)9 facts ▸
  • General meeting, 02-05-2023
  • Director resignation, Elemga BV (director)
  • Permanent representative, Geert Roelens
  • Director reappointment, CMG Invest BV (class A director)
  • Permanent representative, Christian Verhaeren
  • Director reappointment, Vermec NV (class A director)
  • Permanent representative, Michel Verhaeren
  • Director appointment, De Groenheuvel BV (klasse b bestuurder)
  • Permanent representative, Pieter Deckx
2022
31-12
Financial Highest result since 2018net €2.1m ▲1,897%
Net result €2.1m, the highest in the series.
06-07
NBB filing Annual accounts filed
fiscal year 2021 · consolidated
05-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
28-03
State Gazette act Reappointment: PMR Invest GCV (director)
Permanent representative: Bart Moonen3 facts ▸
  • General meeting, 10-01-2022
  • Director reappointment, PMR Invest GCV (director)
  • Permanent representative, Bart Moonen
2021
24-03
State Gazette act Resignation: EY Bedrijfsrevisoren BV (statutory auditor)
Appointments: C. Rombaut Bedrijfsrevisoren BV (statutory auditor) and Elemga BV (klasse b bestuurder) · Permanent representatives: Carl Rombaut and Geert Roelens6 facts ▸
  • General meeting, 08-07-2020
  • Director resignation, EY Bedrijfsrevisoren BV (statutory auditor)
  • Auditor appointment, C. Rombaut Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Carl Rombaut
  • Director appointment, Elemga BV (klasse b bestuurder)
  • Permanent representative, Geert Roelens
2020
12-05
State Gazette act Resignation: Kathleen Van Beveren (director)
Power of attorney2 facts ▸
  • Director resignation, Kathleen Van Beveren (director)
  • Power of attorney, M bvba (permanent representative)
2019
23-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 05-04-2019
  • Registered-office move, Gansbroekstraat 70, 2870 Puurs-Sint-Amands, België
14-03
State Gazette act Appointment: M BVBA (director)
Permanent representatives: Michael Boriau and Michel Verhaeren · Resignation: Vermec NV (managing director)7 facts ▸
  • General meeting, 31-12-2018
  • Board meeting, 31-12-2018
  • Director appointment, M BVBA (director)
  • Permanent representative, Michael Boriau
  • Director resignation, Vermec NV (managing director)
  • Permanent representative, Michel Verhaeren
  • Director appointment, M BVBA (managing director)
18-01
State Gazette act Resignations: Hans Van Vliet (klasse b bestuurder) and A2 BVBA (director)
Permanent representatives: Peter Crauwels and Christian Verhaeren5 facts ▸
  • General meeting, 06-10-2018
  • Director resignation, Hans Van Vliet (klasse b bestuurder)
  • Director resignation, A2 BVBA (director)
  • Permanent representative, Peter Crauwels
  • Permanent representative, Christian Verhaeren
2018
29-01
State Gazette act Resignation: BVBA Carma (director)
Appointments: NV Vermec (director) and A2 BVBA (chair of the board) · Permanent representatives: Michel Verhaeren and Alain Beyens · Reappointment: A2 BVBA (independent director)9 facts ▸
  • General meeting, 14-12-2017
  • Director resignation, BVBA Carma (director)
  • Director appointment, NV Vermec (director)
  • Permanent representative, Michel Verhaeren
  • Director reappointment, A2 BVBA (independent director)
  • Permanent representative, Alain Beyens
  • Board meeting, 15-12-2017
  • Director appointment, NV Vermec (managing director)
  • Director appointment, A2 BVBA (chair of the board)
2017
19-09
State Gazette act Resignation: Hans Van Vliet (klasse b bestuurder)
Appointment: Kathleen Van Beveren (klasse b bestuurder) · Reappointment: Ernst & Young Bedrijfsrevisoren BV ovve CVBA (statutory auditor) · Mandate compensation6 facts ▸
  • General meeting, 22-08-2017
  • Director resignation, Hans Van Vliet (klasse b bestuurder)
  • Director appointment, Kathleen Van Beveren (klasse b bestuurder)
  • Mandate compensation, Kathleen Van Beveren
  • General meeting, 27-06-2017
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BV ovve CVBA
2016
30-11
State Gazette act Appointment: A2 BVBA (independent director)
Permanent representative: Alain Beyens3 facts ▸
  • General meeting, 27-10-2016
  • Director appointment, A2 BVBA (independent director)
  • Permanent representative, Alain Beyens
13-10
State Gazette act Resignation: Christian Verhaeren (a bestuurder)
Appointment: CMG INVEST BVBA (a bestuurder) · Permanent representative: Peter Cauwels · Director discharge7 facts ▸
  • General meeting, 29-09-2016
  • Director resignation, Christian Verhaeren (a bestuurder)
  • Director discharge, Christian Verhaeren (a bestuurder)
  • Director appointment, CMG INVEST BVBA (a bestuurder)
  • Permanent representative, Peter Cauwels
  • Mandate compensation, CMG INVEST BVBA
  • Officer category confirmation, Johannes Van Vliet
2015
14-12
State Gazette act Capital & shares · Statutes amendment
Capital · Shareholders agreement4 facts ▸
  • General meeting, 25-11-2015
  • Capital, €4.954.764
  • Statutes amendment
  • Shareholders agreement, Effectenhoudersovereenkomst afgesloten op 15 februari 2015, zoals gewijzigd op of rond 18 november 2015, tussen onder andere de Aandeelhouders van de Vennootsch…
13-07
State Gazette act Reappointment: Ernst &Young Bedrijfsrevisoren BV ovve CBA (statutory auditor)
Permanent representative: Carl Van den Eynde3 facts ▸
  • General meeting, 2013-06
  • Auditor reappointment, Ernst &Young Bedrijfsrevisoren BV ovve CBA (statutory auditor)
  • Permanent representative, Carl Van den Eynde
17-04
State Gazette act Appointments: Christían Ferdinand Verhaeren (class A director) and PMR Invest (class B director)
Permanent representative: Bart Moonen · Mandate compensation · Mandate term8 facts ▸
  • General meeting, 14-03-2015
  • Director appointment, Christían Ferdinand Verhaeren (class A director)
  • Director appointment, PMR Invest (class B director)
  • Permanent representative, Bart Moonen
  • Mandate compensation, Christían Ferdinand Verhaeren
  • Mandate compensation, PMR Invest
  • Mandate term, 6 jaar
  • Mandate term, 6 jaar
23-03
State Gazette act Resignation: Alain Grillaert (director)
Permanent representative: Carl Van den Eynde3 facts ▸
  • Board meeting
  • Director resignation, Alain Grillaert (director)
  • Permanent representative, Carl Van den Eynde
27-01
State Gazette act Resignations: Christian Ferdinand VERHAEREN, UBEMA and 4 others
Appointment: CARMA (executive director) · Permanent representative: VAN DEN EYNDE Carl Omer · Statutes amendment13 facts ▸
  • General meeting, 05-12-2014
  • Statutes amendment
  • Director resignation, Christian Ferdinand VERHAEREN (class A director)
  • Director resignation, UBEMA (class A director)
  • Director resignation, YUKON (class B director)
  • Director resignation, INDECO (class B director)
  • Director resignation, VAN DER KOLK Antonius (bestuurder c)
  • Director resignation, PMR Invest (bestuurder c)
  • Director appointment, CARMA (executive director)
  • Permanent representative, VAN DEN EYNDE Carl Omer
  • Mandate compensation, CARMA
  • Board meeting, 05-12-2014
  • +1 further facts in this act
2013
24-04
State Gazette act Restructuring
Merger · Accounting effect · Purpose change5 facts ▸
  • General meeting, 29-03-2013
  • Merger, fusion by absorption, 14-02-2013
  • Accounting effect, 01-01-2013
  • Purpose change, De vennootschap heeft tot doel: 1. Het waarnemen van het bestuur en het uitoefenen van toezicht en controle over alle verbonden vennootschappen... 2. Alle (onde…
  • Statutes amendment
26-02
State Gazette act Restructuring
Permanent representatives: Michel Verhaeren and Steven Vander Meeren · Merger · Accounting effect6 facts ▸
  • Merger, fusion by absorption
  • Accounting effect, 01-01-2013
  • Capital, €4.954.764
  • Capital, €62.000
  • Permanent representative, Michel Verhaeren
  • Permanent representative, Steven Vander Meeren
28-01
State Gazette act Registered office · Resignations & appointments
Registered-office move2 facts ▸
  • Board meeting, 17-12-2012
  • Registered-office move, de Schaliënhoevedreef 20 F, 2800 Mechelen
2012
04-10
State Gazette act Resignations & appointments
Name change · Power of attorney5 facts ▸
  • General meeting, 19-09-2012
  • Name change, Viabuild Group
  • Power of attorney, Brenda De Caluwe
  • Power of attorney, Howard Mertens
  • Name change
20-07
State Gazette act Permanent representative: Christian Verhaeren
14 facts ▸
  • Board meeting, 11-06-2012
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • Permanent representative, Christian Verhaeren
  • +2 further facts in this act
15-02
State Gazette act Benaming
Name change · Power of attorney3 facts ▸
  • General meeting, 23-12-2011
  • Name change
  • Power of attorney, Brenda De Caluwe BVBA
2011
27-12
State Gazette act Resignations: GRILLAERT Alain Charles Hugo, UBEMA and 4 others
Appointments: VERMEC, VERHAEREN Christian Ferdinand Antoine and 7 others · Permanent representatives: VERHAEREN Michel Marcel Rosette, ULENS Yves Clement François and 3 others · Share issue31 facts ▸
  • General meeting, 01-12-2011
  • Share issue, Conversion of profit certificates (winstbewijzen) into shares, 3556
  • Capital increase, €606.336
  • Capital decrease, €4.275.000
  • Capital increase, €1.651.588
  • Name change, VERHAEREN KEMBO GROEP
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Director resignation, GRILLAERT Alain Charles Hugo (director)
  • Director resignation, UBEMA (director)
  • +19 further facts in this act
14-12
State Gazette act Miscellaneous
General meeting1 fact ▸
  • General meeting, 01-12-2011
19-09
State Gazette act Capital & shares · Statutes amendment
Approval · Share issue · Capital5 facts ▸
  • General meeting, 24-08-2011
  • Approval, 24-08-2011
  • Share issue, inschrijvingsrechten (warrants) op winstbewijzen, 230
  • Statutes amendment
  • Capital, €6.971.840
07-09
State Gazette act Restructuring
Merger · Accounting effect · Power of attorney5 facts ▸
  • General meeting, 25-08-2011
  • Merger, fusion by absorption, 30-06-2011
  • Accounting effect, 01-01-2011
  • Power of attorney, Brenda De Caluwe
  • Power of attorney, Howard Mertens
22-07
State Gazette act Permanent representatives: Christian Verhaeren, Michel Verhaeren and 3 others
Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)8 facts ▸
  • Board meeting, 04-05-2011
  • General meeting, 07-06-2011
  • Permanent representative, Christian Verhaeren
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
  • Permanent representative, Michel Verhaeren
  • Permanent representative, Yves Ulens
  • Permanent representative, Steven Vander Meeren
  • Permanent representative, Hans De Smet
12-07
State Gazette act Restructuring · Miscellaneous
Merger1 fact ▸
  • Merger, fusion by absorption
2010
26-03
State Gazette act Appointment: Alain Grillaert (chair of the board)
Resignation: Christian Verhaeren (chair of the board)3 facts ▸
  • Board meeting, 03-02-2010
  • Director appointment, Alain Grillaert (chair of the board)
  • Director resignation, Christian Verhaeren (chair of the board)
11-03
State Gazette act Algemene Vergadering
Statutes amendment2 facts ▸
  • General meeting, 25-02-2010
  • Statutes amendment
14-01
State Gazette act Resignations: Vermicom BVBA (director) and Valver BVBA (director)
Appointments: Vermec NV (director) and Christian Verhaeren (director) · Permanent representative: Christian Verhaeren · Mandate compensation42 facts ▸
  • General meeting, 31-12-2009
  • Board meeting, 31-12-2009
  • Director resignation, Vermicom BVBA (director)
  • Director resignation, Valver BVBA (director)
  • Director appointment, Vermec NV (director)
  • Director appointment, Christian Verhaeren (director)
  • Mandate compensation, Vermec NV
  • Mandate compensation, Christian Verhaeren
  • Director resignation, Vermicom BVBA (managing director)
  • Director resignation, Valver BVBA (managing director)
  • Director appointment, Vermec NV (managing director)
  • Director appointment, Christian Verhaeren (managing director)
  • +30 further facts in this act
2008
28-07
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
2 facts ▸
  • General meeting, 30-06-2008
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
16-07
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • General meeting, 23-06-2008
  • Power of attorney, Valver BVBA
  • Power of attorney, Vermicom BVBA
21-03
State Gazette act Appointment: Ubema NV (director)
Permanent representative: Yves Ulens · Mandate compensation4 facts ▸
  • General meeting, 26-02-2008
  • Director appointment, Ubema NV (director)
  • Permanent representative, Yves Ulens
  • Mandate compensation, Ubema NV
10-03
State Gazette act Resignations: Michel Verhaeren, Christian Verhaeren and Henri Verhaeren
Appointments: Vermicom BVBA, Valver BVBA and 2 others · Permanent representative: Valver BVBA15 facts ▸
  • General meeting, 26-02-2008
  • Director resignation, Michel Verhaeren (director)
  • Director resignation, Christian Verhaeren (director)
  • Director resignation, Henri Verhaeren (director)
  • Director appointment, Vermicom BVBA (director)
  • Director appointment, Valver BVBA (director)
  • Director appointment, Alain Grillaert (director)
  • Director appointment, Yukon NV (director)
  • Board meeting, 26-02-2008
  • Director resignation, Christian Verhaeren (managing director)
  • Director resignation, Henri Verhaeren (managing director)
  • Director appointment, Vermicom BVBA (managing director)
  • +3 further facts in this act
10-03
State Gazette act Capital & shares
Statutes amendment · Share issue · Capital4 facts ▸
  • General meeting, 25-02-2008
  • Statutes amendment
  • Share issue, split, 1:20
  • Capital, €62.000
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
41 of 41 acts read

Directors · office · real estate

Directors
under verification, last change in 2025
This board is reconstructed from a single act (25105586). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 6

Jean-Marie de Buck van Overstraeten
Chair of the board · since 24-07-2025 · Director · since 24-07-2025
Current
PMR INVEST
Director · since 01-12-2011 · Limited partnership · perm. rep.: MOONEN Bart Louis Irma
Current
M
Director · since 01-01-2019 · Private limited company (pre-2019) · perm. rep.: Michael Boriau
Current
DE GROENHEUVEL
Director · since 27-03-2023 · Private limited company · perm. rep.: Pieter Deckx
Current
LeFun
Director · since 24-07-2025 · Private limited company · perm. rep.: Jan Van Nuffel
Current
M BV
Director · Legal entity · from a recent act
Current
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
VALVER
Chair of the board · since 26-02-2008 · Director · since 26-02-2008 · Private limited company
Not recently confirmed
UBEMA
Class A director · since 01-12-2011 · Public limited company · perm. rep.: Yves Ulens
Not recently confirmed
VAN VLIET Johannes Baptist
Bestuurder c · since 01-12-2011
Not recently confirmed
CARMA
Executive director · since 05-12-2014 · Legal entity · perm. rep.: VAN DEN EYNDE Carl Omer
Not recently confirmed

Day-to-day management 2

M
Managing director · since 01-01-2019 · Private limited company (pre-2019) · perm. rep.: Michael Boriau
Current
M BV
Managing director · Legal entity · from a recent act
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
VALVER
Managing director · since 26-02-2008 · Private limited company
Not recently confirmed
CARMA
Managing director · since 05-12-2014 · Legal entity · perm. rep.: VAN DEN EYNDE Carl Omer
Not recently confirmed

Permanent representatives 4

MOONEN Bart Louis Irma
Permanent representative · since 01-12-2011 · for PMR INVEST
Current
Michael Boriau
Permanent representative · since 01-01-2019 · for M
Current
Pieter Deckx
Permanent representative · since 27-03-2023 · for DE GROENHEUVEL
Current
Jan Van Nuffel
Permanent representative · since 24-07-2025 · for LeFun
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Yves Ulens
Permanent representative · since 01-12-2011 · for UBEMA
Not recently confirmed
VAN DEN EYNDE Carl Omer
Permanent representative · since 05-12-2014 · for CARMA
Not recently confirmed

Statutory auditor 1

C. Rombaut Bedrijfsrevisoren BV
Auditor · since 27-06-2023
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 2 establishment units since 1988
seat establishment All 2 establishment units on the map
Ground area
3.6 ha
Building footprint
4,131 m²
Volume, LiDAR
9,194 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
15 companies at this address See who is registered here
2 establishment units
Viabuild! Group
Damstraat 195, 1980 ZemstNACE 45112
since 19882.041.175.750
Viabuild! Group
Gansbroekstraat 70, 2870 Puurs-Sint-AmandsFreight transport by road
since 20122.213.157.344
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12032D0090/00B000 Flanders 3.0 ha 1 · 2,854 m² 7.3 m
23092A0043/00W000 Flanders 5,513 m² 1 · 1,277 m² 7.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

32 people since 2008, 11 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
PMR INVEST
  • Bestuurder c, from 01-12-2011 to date
M
  • Director, from 01-01-2019 to date
  • Managing director, from 01-01-2019 to date
DE GROENHEUVEL
  • Klasse b bestuurder, from 27-03-2023 to date
M BVfrom an act
  • Director, already before 24-03-2025 to date
  • Managing director, already before 24-03-2025 to date
Jean-Marie de Buck van Overstraeten
  • Chair of the board, from 24-07-2025 to date
  • Director, from 24-07-2025 to date
LeFun
  • Director, from 24-07-2025 to date
C. Rombaut Bedrijfsrevisoren BV
  • Auditor, from 27-06-2023 to date
UBEMA
  • Director, from 26-02-2008 to 01-12-2011
  • Class A director, from 01-12-2011 not ended, last confirmed 27-12-2011
VALVER
  • Chair of the board, from 26-02-2008 not ended, last confirmed 10-03-2008
  • Director, from 26-02-2008 not ended, last confirmed 10-03-2008
  • Managing director, from 26-02-2008 not ended, last confirmed 10-03-2008
VAN VLIET Johannes Baptist
  • Bestuurder c, from 01-12-2011 not ended, last confirmed 27-12-2011
CARMA
  • Executive director, from 05-12-2014 not ended, last confirmed 27-01-2015
  • Managing director, from 05-12-2014 not ended, last confirmed 27-01-2015
CMG INVEST
  • A bestuurder, from 01-09-2016 to 24-07-2025
VERMEC
  • Director, from 01-01-2010 to 01-12-2011
  • Managing director, from 01-01-2010 ended, last mentioned 29-01-2018
  • Class A director, from 01-12-2011 to 24-07-2025
Ernst &Young Bedrijfsrevisoren BV ovve CBA
  • Statutory auditor, from 02-07-2015 to 27-06-2023
ELEMGA
  • Klasse b bestuurder, from 01-10-2020 to 27-03-2023
Kathleen Van Beveren
  • Klasse b bestuurder, from 27-06-2017 to 01-04-2020
NV VERMEC
  • Managing director, until 01-01-2019
A2
  • Independent director, from 01-01-2017 to 04-10-2018
  • Chair of the board, from 15-12-2017 ended, last mentioned 29-01-2018
CARMA BVBA
  • Director, until 15-12-2017
Hans Van Vliet
  • Klasse b bestuurder, until 27-06-2017
  • Klasse b bestuurder, until 27-06-2017
Christían Ferdinand Verhaeren
  • Director, until 26-02-2008
  • Managing director, until 26-02-2008
  • Chair of the board, from 01-01-2010 to 16-03-2010
  • Director, from 01-01-2010 to 01-12-2011
  • Managing director, from 01-01-2010 ended, last mentioned 14-01-2010
  • Class A director, from 01-12-2011 to 01-01-2014
  • Class A director, from 14-03-2015 to 01-09-2016
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 30-06-2008 to 02-07-2015
GRILLAERT Alain Charles Hugo
  • Director, from 26-02-2008 to 01-12-2011
  • Chair of the board, from 03-02-2010 ended, last mentioned 26-03-2010
  • Class B director, from 01-12-2011 to 27-02-2015
Indeco
  • Class B director, until 01-01-2014
PMR Invest
  • Bestuurder c, until 01-01-2014
UBEMA
  • Class A director, until 01-01-2014
VAN DER KOLK Antonius
  • Bestuurder c, from 01-12-2011 to 01-01-2014
YUKON
  • Class B director, until 01-01-2014
Valver BVBA
  • Director, until 01-01-2010
  • Managing director, until 01-01-2010
Vermicom BVBA
  • Director, from 26-02-2008 to 01-01-2010
  • Managing director, from 26-02-2008 to 01-01-2010
Henri Verhaeren
  • Director, until 26-02-2008
  • Managing director, until 26-02-2008
VERHAEREN Michel
  • Director, until 26-02-2008
See the board, name and seat on a given date →

Articles of association

Purpose
1. Het waarnemen van het bestuur en het uitoefenen van toezicht en controle over alle verbonden vennootschappen... 2. Alle (onder)aannemingen van openbare en private werken... 3.…
Full purpose

1. Het waarnemen van het bestuur en het uitoefenen van toezicht en controle over alle verbonden vennootschappen... 2. Alle (onder)aannemingen van openbare en private werken... 3. Het ruimen van waterlopen... 4. Slopen van gebouwen... 5. Goederenvervoer over de weg...

Structure & network

Owners and holdings

2 owners · 6 holdings · 9 subsidiaries in the tree

Chain of control

  1. ViAc Holding 95%
  2. VIABUILD GROUP

Highest known parent: ViAc Holding. The sources do not say who stands above it.

Owners 2

Stated earlier (1)

An older source named these owners; newer accounts no longer list them.

Holdings 6

Stated earlier (3)

An older source named these holdings; newer accounts no longer list them.

All subsidiaries, including indirect ones 9

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2025 annual accounts of VIABUILD GROUP 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

11 connected companies
Linked via shared directors
BOESMANSKOP
Shared director
→
CERTIPOST
Shared director
→
EURO - SPRINTERS
Shared director
→
Radial Belgium
Shared director
→
Show 7 more companies with a shared director
SPEOS BELGIUM
Shared director
→
AC MATERIALS
Shared corporate director
→
ACLAGRO
Shared corporate director
→
D.D. SHIPPING
Shared corporate director
→
DSG Belgium
Shared corporate director
→
DUVEL MOORTGAT
Shared corporate director
→
OPTION
Shared corporate director
→

Ownership & control

2 board mandates
Board mandates of this companythis company sits on their board2
4 locations
2 locations

Acquisitions and mergers

2 transactions
Took over:TRANSRAM
BE 0447.861.173merger by absorption · State Gazette act of 24-04-2013 (2 acts)
Took over:Algemene Aannemingen Transport Jan Stallaert
merger by absorption · State Gazette act of 07-09-2011 (2 acts)

Capital and shareholders

Capital over the years
  1. 21-02-2024 Capital stated in 3 acts · 4,954,764 EUR · 66,666 shares
  2. 27-12-2011 Capital increase of 606,336 EUR · to 7,578,176 EUR
  3. 27-12-2011 Capital reduction of 4,275,000 EUR · to 3,303,176 EUR · Return of capital to existing shareholders
  4. 27-12-2011 Capital increase of 1,651,588 EUR · to 4,954,764 EUR · 22,222 new shares
  5. 19-09-2011 Capital stated in the act · 6,971,840 EUR
  6. 10-03-2008 Capital stated in the act · 62,000 EUR · 2,500 shares

Similar companies · same sector, comparable size

Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 298 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded24-08-1988
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
43120Site preparation
77310Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0435143483
Also 9925:BE0435143483

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.