Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN from Brussel, company number BE0236506487, closed financial year 2025 with a result of € 5.2 million after tax. For that financial year VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN recorded revenue of € 343,301 and equity of € 1.8 billion. Compared with financial year 2024, the result moved from € -4.5 million to € 5.2 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 4, 2026.
€ 1.8 billion
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.2 million
▲ still € 4.5 million loss in 2024
Profit after tax over the fiscal year.
€ 349 million
▲ 130% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 877.3 million.
People and assets in 2025
€ 1.5 million
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.6 billion
▲ 7% vs 2024
€ 392 million is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 5.1 million
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1209 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,534,308 | € 1,293,571 | € 2,527,599 | € 343,301 | ▼ 86% |
| Profit after taxes | € -980,503 | € -4,170,766 | € -4,497,038 | € 5,210,443 | ▲ € 9.7 million |
| Equity | € 2,146,215,183 | € 1,946,594,939 | € 1,877,325,182 | € 1,814,111,428 | ▼ 3% |
| Total debts | € 11,436,040,992 | € 9,425,581,802 | € 9,925,577,920 | € 10,499,249,133 | ▲ 6% |
| Cash | € 205,511,138 | € 169,962,602 | € 151,949,483 | € 349,009,547 | ▲ 130% |
| Land & buildings | € 9,834,293 | € 35,466,332 | € 37,374,524 | € 31,314,960 | ▼ 16% |
| Retained profit | € 943,779,614 | € 874,124,270 | € 869,627,232 | € 877,278,130 | ▲ 1% |
| Bank debt | € 10,273,328,474 | € 8,345,144,203 | € 8,941,181,825 | € 9,578,310,584 | ▲ 7% |
| Balance sheet total | € 13,666,033,516 | € 11,444,756,186 | € 11,872,800,967 | € 12,382,615,327 | ▲ 4% |
| Employees (FTE) | 208.6 | - | - | - |
Key figures of VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN?
What happened at VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5.2 million. Source: NBB ↗
- Diederik Vermeir became a director. NBB
- Els Van de Beek stepped down as director. NBB
- Jens Vermeiren became a director. NBB
- Tom Vanden Eede became a director. NBB
- Els Van de Beek became a director. NBB
- Benediekt Van Damme became a director. NBB
- Fabienne De Broeck became a director. NBB
In short
From € 980,503 loss in 2022 to € 5.2 million profit in 2025.
Best year ever: 2025, with € 5.2 million profit.
A new publication or filing at VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN are Benediekt Van Damme, Jens Vermeiren, Fabienne De Broeck, Diederik Vermeir and Tom Vanden Eede. The shares are held by Vlaams Gewest (100%).
Directors
According to the 2025 annual accounts
Benediekt Van Damme
Chairman of the board
since 2024
Jens Vermeiren
Government commissioner
since 2025
Fabienne De Broeck
Director
since 2023
Diederik Vermeir
Director
since 2026
Tom Vanden Eede
Government commissioner
since 2025
Els Van de Beek
Director
since 2025 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Havenlaan 88 box 94
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →Vlaamse Gewest
Vlaamse Gemeenschap
Vlaams Financieringsfonds voor Grond- en Woonbeleid voor Vlaams-Brabant
Ministerien der Flämischen Gemeinschaft same network
FLANDERS SPECIAL VENUES
€ -157,482 gross margin · 2025
+17 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0236.506.487
- VAT number
- BE 0236.506.487
- Registered office
- Havenlaan 88 bus 94, 1000 Brussel
- Names & denominations
- VLAAMSE MAATSCHAPPIJ VOOR SOCIAAL WONEN · VMSW
- Enterprise type
- Rechtspersoon
- Legal form
- Naamloze vennootschap van publiek recht
- Legal situation
- Normale toestand
- Start date
- 29 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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