VSPH (0476.569.116): annual accounts, directors and company register

VSPH

Antwerp ·KBO/BCE: BE 0476.569.116

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
VSPH Antwerp	€63,757	€5,804	54.6%	-
MAIVA Antwerp	€78,531	€7,199	-168.8%	-
TRICATEL BUILDING CONSULTANTS Antwerp	€88,557	€11,135	63.2%	-
GC - Consulting Aalst	€60,794	€11,757	88.2%	-
PATRICIA REAL ESTATE Gavere	€72,362	€4,321	65.1%	-
BALINVEST Namur	€89,076	€8,835	97.2%	-
IMMO VAN HIL Knokke-Heist	€55,945	€5,865	-820.0%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	63,757	90,949	105,461	121,873	103,117	91,927	117,758	92,975	84,432	79,639	67,860	79,946	73,278	62,647	55,905	51,048	46,763	68,553	61,048	67,386
Fixed assets`21/28`	19,806	31,205	38,336	47,997	6,581	12,862	19,142	300	992	1,756	345	5,011	9,676	14,161	19,983	2,351	4,677	5,654	10,184	15,433
Tangible fixed assets`22/27`	19,506	30,905	38,036	47,697	6,281	12,562	18,842	-	692	1,456	145	4,811	9,476	13,961	19,783	2,151	4,477	5,454	10,184	15,433
Plant, machinery and equipment`23`	793	2,530	-	-	-	-	-	-	-	73	145	419	693	375	1,052	1,074	1,641	1,824	1,398	1,585
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	692	1,383	-	4,391	8,783	13,586	18,731	1,078	2,835	3,630	8,786	13,848
Leasing and similar rights`25`	18,714	28,375	38,036	47,697	6,281	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	300	300	300	300	300	300	300	300	300	300	200	200	200	200	200	200	200	200	-	-
Current assets`29/58`	43,951	59,744	67,125	73,876	96,537	79,066	98,615	92,675	83,441	77,883	67,515	74,936	63,602	48,486	35,922	48,697	42,087	62,899	50,864	51,953
Amounts receivable after more than one year`29`	-	0	18,000	36,000	46,000	46,000	70,000	70,000	39,000	39,000	39,000	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	0	18,000	36,000	46,000	46,000	70,000	70,000	39,000	39,000	39,000	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	13,759	9,549	9,076	7,959	7,335	7,347	5,748	6,052	4,621	4,052	3,980	3,620	3,077	1,563	1,596	1,040	831	718	550	-
Stocks`30/36`	9,449	9,549	9,076	7,959	7,335	7,347	5,748	6,052	4,621	4,052	3,980	3,620	3,077	1,563	1,596	1,040	831	718	550	-
Contracts in progress`37`	4,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	20,573	38,386	31,437	19,426	41,627	12,175	22,133	16,311	38,513	34,589	18,723	70,961	45,452	42,755	21,071	25,988	37,632	51,271	44,221	42,858
Trade receivables`40`	17,248	35,846	27,891	17,954	36,404	7,419	19,440	16,213	24,435	25,385	12,421	21,755	13,405	10,551	13,641	4,832	17,169	7,701	6,093	6,633
Other amounts receivable`41`	3,325	2,540	3,545	1,472	5,223	4,756	2,693	98	14,079	9,205	6,302	49,206	32,047	32,204	7,429	21,157	20,464	43,570	38,128	36,225
Cash at bank and in hand`54/58`	8,347	10,159	5,523	9,755	312	12,666	312	312	1,306	242	5,812	355	15,073	2,631	13,255	18,093	3,623	7,876	3,404	5,055
Deferred charges and accrued income`490/1`	1,272	1,650	3,089	735	1,263	877	422	-	-	-	-	-	-	1,538	-	3,576	-	3,034	2,689	4,040
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	63,757	90,949	105,461	121,873	103,117	91,927	117,758	92,975	84,432	79,639	67,860	79,946	73,278	62,647	55,905	51,048	46,763	68,553	61,048	67,386
Equity`10/15`	34,806	43,913	35,826	46,555	61,716	58,129	66,681	77,942	67,305	59,044	48,996	48,003	33,325	10,715	20,747	19,548	17,978	18,378	48,704	46,368
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	28,606	37,713	29,626	40,355	55,516	51,929	60,481	71,742	61,105	52,844	42,796	41,803	27,125	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	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
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	28,606	37,713	29,626	38,495	53,656	50,069	58,621	69,882	59,245	50,984	40,936	39,943	25,265	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	0	-	-	-	-	-	-	-	-	-	-	-	2,655	12,687	11,488	9,918	10,318	40,644	38,308
Amounts payable`17/49`	28,951	47,035	69,635	75,317	41,401	33,798	51,077	15,033	17,127	20,595	18,864	31,943	39,953	51,932	35,158	31,500	28,785	50,175	12,344	21,018
Amounts payable after more than one year`17`	13,052	19,136	24,971	30,566	-	6,411	11,730	-	-	-	359	4,543	8,517	12,561	17,189	-	-	-	3,137	7,904
Financial debts`170/4`	13,052	19,136	24,971	30,566	-	6,411	11,730	-	-	-	359	4,543	8,517	12,561	17,189	-	-	-	3,137	7,904
Amounts payable within one year`42/48`	15,851	27,899	44,664	44,752	41,401	27,386	39,347	15,033	17,127	20,595	18,301	27,400	31,436	39,370	17,969	31,500	28,785	50,175	9,207	13,114
Current portion of amounts payable after more than one year`42`	6,084	5,835	5,595	5,365	6,411	5,318	5,232	-	-	359	4,184	3,974	4,044	4,627	4,110	-	-	3,137	4,767	6,691
Financial debts`43`	1,167	1,183	6,220	1,000	5,623	1,667	6,911	4,002	9,382	10,643	1,672	5,735	1,713	5,303	1,752	1,714	-	1,667	1,667	833
Credit institutions`430/8`	1,167	1,183	6,220	1,000	5,623	-	5,245	2,335	7,715	8,971	-	4,022	-	3,551	-	-	-	-	-	-
Other loans`439`	-	-	-	-	-	1,667	1,667	1,667	1,667	1,672	1,672	1,713	1,713	1,752	1,752	1,714	-	1,667	1,667	833
Trade debts`44`	3,865	2,640	7,540	2,729	3,337	4,530	299	3,089	3,766	1,028	4,190	1,230	9,724	5,074	333	1,254	2,462	680	280	25
Suppliers`440/4`	3,865	2,640	7,540	2,729	3,337	4,530	299	3,089	3,766	1,028	4,190	1,230	9,724	5,074	333	1,254	2,462	680	280	25
Taxes, remuneration and social security`45`	923	11,805	11,918	9,112	8,560	11,134	8,200	7,329	3,980	8,566	8,255	16,462	15,955	9,365	11,774	13,532	11,323	4,691	2,493	5,565
Taxes`450/3`	923	11,805	7,589	9,112	8,560	6,934	8,200	7,329	3,980	8,566	8,255	16,462	15,955	9,365	11,774	13,532	11,323	4,691	2,493	5,565
Remuneration and social security`454/9`	-	0	4,329	-	-	4,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	3,813	6,437	13,391	26,545	17,469	4,737	18,705	613	-	-	-	-	-	15,000	-	15,000	15,000	40,000	-	-
Accrued charges and deferred income`492/3`	48	-	-	-	-	-	-	-	-	-	205	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115,243	94,994	88,740	79,024	62,967	74,017
Non-recurring operating income`76A`	-	-	-	8,219	-	-	3,801	-	-	-	-	2,500	-	-	-	-	-	-	-	-
Gross operating margin`9900`	5,804	26,426	14,336	10,176	14,338	-1,057	14,979	15,782	14,532	17,014	8,407	23,977	38,833	15,365	27,094	28,247	23,910	18,564	7,343	19,597
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89,719	70,833	66,061	62,604	56,784	54,420
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	11,399	10,606	9,661	609	6,281	6,281	6,281	692	764	764	4,665	4,665	5,152	5,822	5,890	3,581	3,542	6,270	6,191	5,877
Other operating charges`640/8`	1,661	1,496	1,688	2,703	1,539	1,341	2,700	1,432	1,393	1,322	1,156	1,415	1,502	917	675	796	717	710	695	942
Operating profit (loss)`9901`	-7,256	14,324	2,987	6,864	6,518	-8,678	5,999	13,659	12,374	14,928	2,585	17,896	32,179	8,626	20,529	23,870	19,650	11,584	457	12,778
Financial income`75/76B`	44	244	890	1,080	1,381	1,680	2,129	3,069	1,947	1,496	1,292	3,673	2,618	1,714	1,184	1,747	3,136	4,091	3,377	2,575
Recurring financial income`75`	44	244	890	1,080	1,381	1,680	2,129	3,069	1,947	1,496	1,292	3,673	2,618	1,714	1,184	1,747	3,136	4,091	3,377	2,575
Financial charges`65/66B`	1,707	2,643	2,997	1,809	1,778	1,310	2,305	1,189	1,154	1,220	1,424	1,914	2,860	2,839	1,986	281	392	1,060	1,051	1,223
Recurring financial charges`65`	1,707	2,643	2,997	1,809	1,778	1,310	2,305	1,189	1,154	1,220	1,424	1,914	2,860	2,839	1,986	281	392	1,060	1,051	1,223
Profit (loss) for the period before taxes`9903`	-8,919	11,925	880	6,135	6,121	-8,308	5,823	15,539	13,167	15,203	2,454	22,156	31,937	7,501	19,727	25,336	22,395	14,615	2,783	14,130
Income taxes`67/77`	188	3,838	972	1,994	2,534	244	2,406	4,902	4,906	5,155	1,461	7,478	9,328	2,533	7,528	8,766	7,796	4,941	447	3,520
Profit (loss) for the period`9904`	-9,107	8,088	-92	4,141	3,587	-8,552	3,417	10,637	8,261	10,048	993	14,678	22,609	4,968	12,199	16,570	14,599	9,674	2,336	10,610
Profit (loss) for the period to be appropriated`9905`	-9,107	8,088	-92	4,141	3,587	-8,552	3,417	10,637	8,261	10,048	993	14,678	22,609	4,968	12,199	16,570	14,599	9,674	2,336	10,610
Appropriation of the result
Profit (loss) to be appropriated`9906`	-9,107	8,088	-92	4,141	3,587	-8,552	3,417	10,637	8,261	10,048	993	14,678	25,265	17,655	23,687	26,488	24,918	50,318	40,644	38,308
Transfer from equity`791/2`	9,107	0	10,729	19,302	-	8,552	14,678	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	0	8,088	-	4,141	3,587	-	3,417	10,637	8,261	10,048	993	14,678	25,265	-	-	-	-	-	-	-
To other reserves`6921`	0	8,088	-	4,141	3,587	-	3,417	10,637	8,261	10,048	993	14,678	25,265	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	0	10,637	19,302	-	-	14,678	-	-	-	-	-	-	15,000	11,000	15,000	15,000	40,000	-	-
Return on contributions (dividend)`694`	-	0	10,637	19,302	-	-	14,678	-	-	-	-	-	-	15,000	11,000	15,000	15,000	40,000	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	22-07-2026	2026-00318663	PDF
31-12-2024	micro format	26-06-2025	2025-00182112	PDF
31-12-2023	micro format	27-06-2024	2024-00173437	PDF
31-12-2022	micro format	29-06-2023	2023-00182320	PDF
31-12-2021	micro format	01-07-2022	2022-20155656	PDF
31-12-2020	micro format	07-07-2021	2021-32500248	PDF
31-12-2019	micro format	07-07-2020	2020-27400335	PDF
31-12-2018	micro format	02-07-2019	2019-27600261	PDF
31-12-2017	micro format	11-07-2018	2018-31400275	PDF
31-12-2016	micro format	12-07-2017	2017-31000447	PDF
31-12-2015	abbreviated format	07-07-2016	2016-29500243	PDF
31-12-2014	abbreviated format	17-07-2015	2015-31700575	PDF
31-12-2013	abbreviated format	24-07-2014	2014-33800330	PDF
31-12-2012	abbreviated format	03-07-2013	2013-25800210	PDF
31-12-2011	abbreviated format	18-07-2012	2012-30700511	PDF
31-12-2010	abbreviated format	28-07-2011	2011-34400423	PDF
31-12-2009	abbreviated format	07-07-2010	2010-27900427	PDF
31-12-2008	abbreviated format	22-07-2009	2009-47700023	PDF
31-12-2007	abbreviated format	29-07-2008	2008-50400042	PDF
31-12-2006	abbreviated format	28-08-2007	2007-63500119	PDF
31-12-2005	abbreviated format	06-07-2006	2006-42200259	PDF
31-12-2004	abbreviated format	20-07-2005	2005-53001499	PDF
31-12-2003	abbreviated format	02-07-2004	2004-38803542	PDF
31-12-2002	abbreviated format	25-07-2003	2003-50802644	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	4,143	24,930	12,648	7,473	12,798	-2,397	12,280	14,351	13,138	15,692	7,250	22,561	37,331	14,448	26,419	27,451	23,193	17,854	6,648	18,655
Cash flow	2,292	18,693	9,569	4,749	9,868	-2,271	9,698	11,329	9,025	10,813	5,658	19,343	27,761	10,790	18,089	20,151	18,142	15,944	8,527	16,487
Investment in fixed assets (approximation)	0	3,475	0	50,436	0	0	25,123	0	0	2,175	0	0	667	0	23,522	1,255	2,565	1,740	942	10,978
Change in cash	-1,812	4,635	-4,232	9,443	-12,354	12,355	0	-995	1,065	-5,570	5,457	-14,718	12,442	-10,625	-4,837	14,469	-4,253	4,472	-1,651	-
Working capital	28,100	31,844	22,461	29,124	55,136	51,679	59,269	77,642	66,313	57,288	49,214	47,535	32,166	9,116	17,953	17,197	13,301	12,724	41,657	38,839
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.8%	25.1%	22.1%	14.7%	0.7%	17.3%
Solvency	54.6%	48.3%	34.0%	38.2%	59.9%	63.2%	56.6%	83.8%	79.7%	74.1%	72.2%	60.0%	45.5%	17.1%	37.1%	38.3%	38.4%	26.8%	79.8%	68.8%
Current ratio	2.77	2.14	1.50	1.65	2.33	2.89	2.51	6.16	4.87	3.78	3.69	2.73	2.02	1.23	2.00	1.55	1.46	1.25	5.52	3.96
Quick ratio	1.90	1.80	1.30	1.47	2.15	2.62	2.36	5.76	4.60	3.58	3.47	2.60	1.93	1.19	1.91	1.51	1.43	1.24	5.46	3.96
Debt to equity	0.83	1.07	1.94	1.62	0.67	0.58	0.77	0.19	0.25	0.35	0.39	0.67	1.20	4.85	1.69	1.61	1.60	2.73	0.25	0.45
ROE	-26.2%	18.4%	-0.3%	8.9%	5.8%	-14.7%	5.1%	13.6%	12.3%	17.0%	2.0%	30.6%	67.8%	46.4%	58.8%	84.8%	81.2%	52.6%	4.8%	22.9%
ROA	-14.3%	8.9%	-0.1%	3.4%	3.5%	-9.3%	2.9%	11.4%	9.8%	12.6%	1.5%	18.4%	30.9%	7.9%	21.8%	32.5%	31.2%	14.1%	3.8%	15.7%
Interest coverage	2.43	9.43	4.22	4.13	7.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43 days	19 days	71 days	36 days	35 days	33 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1 day	6 days	14 days	4 days	2 days	0 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€3,475	-	€50,436	-
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€11,399	€10,606	€9,661	€609	€6,281

Establishment	Since	Unit number
Montebellostraat 32 registered office 2018 Antwerp 2511001 Manufacture of metal structures and parts of structures	25-01-2002	2.101.509.354
Metropoolstraat 30 2900 Schoten 2512001 Manufacture of fabricated metal products, except machinery and equipment	30-10-2025	2.380.426.124

Cadastral parcel	Area	Buildings	Height / floors
11443C0655/00Y003	1.0 ha	1 · 7,979 m²	12.0 m · 3
11810K1516/00F010	154 m²	1 · 81 m²	16.9 m · 4

Overview

Lifetime

Key points

Equity

Turnover

Filings

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on VSPH

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency54.6%

Current ratio2.77

Return on assets-14.3%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VSPH

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels

Invoicing and payment