Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK from Mol, company number BE0244195916, closed financial year 2025 with a result of € 639,892 after tax. For that financial year VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK recorded revenue of € 88.2 million and equity of € 88.8 million. Compared with financial year 2024, the result moved from € -2.6 million to € 639,892. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 88.8 million
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 639,892
▲ still € 2.6 million loss in 2024
Profit after tax over the fiscal year.
€ 8.4 million
▼ 16% 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 € 26.5 million.
People and assets in 2025
969.8
▲ 61.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 137.6 million
▲ 9% vs 2024
€ 141,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 642,100
▼ 13% vs 2024
Of which on lease € 1,176.
Debts at end 2025
€ 65 million
▲ 270% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 22.1 million
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 126 days on average.
€ 20.1 million
▲ 10% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 74,425,895 | € 69,408,490 | € 94,873,593 | € 88,237,953 | ▼ 7% |
| Profit after taxes | € 1,760,370 | € -11,346,123 | € -2,609,226 | € 639,892 | ▲ € 3.2 million |
| Equity | € 80,085,299 | € 68,739,176 | € 67,129,950 | € 88,769,842 | ▲ 32% |
| Total debts | € 81,555,208 | € 125,821,036 | € 115,598,898 | € 158,544,213 | ▲ 37% |
| Cash | € 21,340,257 | € 34,147,061 | € 10,047,508 | € 8,393,961 | ▼ 16% |
| Land & buildings | € 18,748,221 | € 17,760,235 | € 17,167,000 | € 17,432,095 | ▲ 2% |
| Retained profit | € 39,785,299 | € 28,439,176 | € 25,829,950 | € 26,469,842 | ▲ 2% |
| Bank debt | € 0 | € 19,640,257 | € 17,560,351 | € 64,962,967 | ▲ 270% |
| Balance sheet total | € 163,244,363 | € 200,470,512 | € 190,772,164 | € 256,172,024 | ▲ 34% |
| Employees (FTE) | 749.7 | 815 | 908.2 | 969.8 | ▲ 61.6 |
Key figures of VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, 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 INSTELLING VOOR TECHNOLOGISCH ONDERZOEK?
What happened at VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bob VAN DEN BROECK stepped down as director. NBB
- Danielle VERMAELEN stepped down as director. NBB
- Robert MALINA stepped down as director. NBB
- Ingrid VANDENBERGHE stepped down as director. NBB
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN NV stepped down as director. NBB
- Christiane MALCORPS stepped down as director. NBB
- Jan DELCOUR stepped down as director. NBB
- Wim VANDEN ABBEELE stepped down as director. NBB
In short
From € 1.8 million profit in 2022 to € 639,892 profit in 2025.
Best year ever: 2022, with € 1.8 million profit.
Pays suppliers within 126 days on average.
A new publication or filing at VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK? 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
The stake of Participatiemaatschappij Vlaanderen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEKThe shares are held by Participatiemaatschappij Vlaanderen (44.6%). It owns 100% of Site-Ontwikkeling Vlaanderen, 100% of VITO Asia Ltd., 100% of Clean Vision Invest, 40% of XBAT.ai, 25% of Energyville and 23.9% of Pleevi itself.
Directors
According to the 2025 annual accounts
Ingrid VANDENBERGHE
Chairman of the board
since 2022 · until 2028
PARTICIPATIEMAATSCHAPPIJ VLAANDEREN NV
Director · represented by Elke VAN DE WALLE
Also active at: Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES, PMV Beheer +136 more
since 2022 · until 2028
Christiane MALCORPS
Director
Also active at: Société Nationale de Construction Aérospatiale, Teach for Belgium, P4Management, Clean Vision Invest, ImpaktEU, Genius Forum
since 2022 · until 2028
Jan DELCOUR
Director
Also active at: BROUWERIJ LINDEMANS, DE LINDE, BETTER3FRUIT, Kastanjebosrand, Food Port, Bio-Incubator Leuven, Fonds voor wetenschappelijk Onderzoek - Vlaanderen, TILIA HOLDING
since 2022 · until 2028
Bob VAN DEN BROECK
Director
since 2025 · until 2028
since 2022 · until 2028
since 2023 · until 2028
since 2023 · until 2028
since 2022 · until 2028
Francis DE MEYERE
Director
Also active at: BELGOPROCESS, Site-Ontwikkeling Vlaanderen, Clean Vision Invest, BE-NUC
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Shareholders
Participations
VITO Asia Ltd.
100%
100%
40%
25%
23.9%
16%
13.7%
10.9%
KIC InnoEnergy SE
2.6%
2.6%
0.9%
0.6%
Establishments
Establishment units
Physical locations of this company
Boeretang 200
2400 Mol
Roderveldlaan 5
2600 Antwerpen
Active since 1 October 2009
Thor Park 8310
3600 Genk
Active since 1 October 2009
Graaf Karel de Goedelaan(Kor) 16-18
8500 Kortrijk
Active since 1 October 2009
Lichtstraat 39 box A
2400 Mol
Active since 1 January 2020
Lichtstraat 20-53
2400 Mol
Active since 1 January 2020
Industriezone Vlasmeer 7
2400 Mol
Active since 1 January 2020
Industriezone Vlasmeer 5
2400 Mol
Active since 1 September 2019
Boeretang 282
2400 Mol
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0244.195.916
- VAT number
- BE 0244.195.916
- Registered office
- Boeretang 200, 2400 Mol
- Names & denominations
- VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK · VITO
- Enterprise type
- Rechtspersoon
- Legal form
- Naamloze vennootschap van publiek recht
- Legal situation
- Normale toestand
- Start date
- 16 May 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Speur- en ontwikkelingswerk op het gebied van de maatschappij- en geesteswetenschappen