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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 39.5 to 33.7.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GROUPE VLAN from Brussel, company number BE0403513367, closed financial year 2025 with a result of € 30,304 after tax. For that financial year GROUPE VLAN recorded revenue of € 10.1 million and equity of € -2.7 million. Compared with financial year 2024, the result moved from € -1.2 million to € 30,304. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -2.7 million
▲ € 30,304 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,304
▲ still € 1.2 million loss in 2024
Profit after tax over the fiscal year.
€ 38,257
▲ 32% 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 € -2.7 million.
People and assets in 2025
33.7
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 6% vs 2024
€ 76,100 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.
€ 19,664
▲ 192% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.5 million
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 1.5 million
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,482,829 | € 8,393,102 | € 9,476,760 | € 10,052,003 | ▲ 6% |
| Profit after taxes | € -1,287,381 | € -2,046,465 | € -1,189,668 | € 30,304 | ▲ € 1.2 million |
| Equity | € 2,974,558 | € -1,521,616 | € -2,711,284 | € -2,680,980 | ▲ € 30,304 |
| Total debts | € 2,752,160 | € 5,239,953 | € 5,624,577 | € 4,935,557 | ▼ 12% |
| Cash | € 8,145 | € 8,369 | € 28,903 | € 38,257 | ▲ 32% |
| Land & buildings | € 199,915 | € 572 | € 572 | € 572 | |
| Retained profit | € 2,912,558 | € -1,583,116 | € -2,772,784 | € -2,742,480 | ▲ € 30,304 |
| Balance sheet total | € 6,068,082 | € 3,718,337 | € 2,913,293 | € 2,254,577 | ▼ 23% |
| Employees (FTE) | 54.6 | 39.5 | 37 | 33.7 | ▼ 3.3 |
Key figures of GROUPE VLAN, 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 GROUPE VLAN?
What happened at GROUPE VLAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pierre LEERSCHOOL stepped down as director. NBB
- Eric MALRAIN stepped down as director. NBB
- AUXILIAIRE ROSSEL stepped down as director. NBB
- ROSSEL HURBAIN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 30,304. Source: NBB ↗
- Pierre LEERSCHOOL became a director. NBB
- Eric MALRAIN became a director. NBB
- AUXILIAIRE ROSSEL became a director. NBB
In short
From € 1.3 million loss in 2022 to € 30,304 profit in 2025.
Paid € 23,753 in corporate taxes since 2022.
Best year ever: 2025, with € 30,304 profit.
Pays suppliers within 52 days on average.
Management
The stake of ROSSEL & Cie comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GROUPE VLANThe shares are held by ROSSEL & Cie (100%). It owns 50% of Références (095) itself.
Directors
According to the 2025 annual accounts
Pierre LEERSCHOOL
Director
Also active at: OSTBELGISCHER MEDIENVERLAG, EDITIONS CINE - REVUE, GROUPE SUDMEDIA, LA PRESSE.be-ALLIANCE DES MEDIAS D'INFORMATION, R.M.S. REGIE, 2W EVENTS, SOLUTION MEDIAS, REFERENCES +2 more
since 2024 · until 2027
Eric MALRAIN
Director
Also active at: Grenz-Echo, Les Editions rurales - De Landelijke Uitgeverijen, ROSSEL INTERACTIVE MEDIA, OSTBELGISCHER MEDIENVERLAG, AUDIOPRESSE, HUDEMA, EDITIONS CINE - REVUE, Rendez - Vous Group +19 more
since 2024 · until 2027
Director · represented by Alexandre HURBAIN
Also active at: ROSSEL INTERACTIVE MEDIA, CTR - MEDIA, REMY-ROTO, GROUPE SUDMEDIA, NET EVENTS, MEDIA OFFICE 1030, Lille Investissement Belgique, ROSSEL SOP +1 more
since 2024 · until 2027
Director · represented by Bernard MARCHANT
Also active at: Grenz-Echo, Les Editions rurales - De Landelijke Uitgeverijen, OSTBELGISCHER MEDIENVERLAG, REMY-ROTO, GROUPE SUDMEDIA, Lille Investissement Belgique, REAL ESTATE EUPEN, GE DISTRIBUTION SERVICES
since 2024 · until 2027
Shareholders
100%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Koningsstraat 100
1000 Brussel
Chainrue 11b
6940 Durbuy
Active since 1 August 2016
Rue Louis de Brouckère(L.L) 27
7100 La Louvière
Active since 1 August 2016
rue de Rochefort 211/213
5570 Beauraing
Active since 1 August 2016
Rue du Marché-au-Beurre 23
6700 Arlon
Active since 1 August 2016
Rue du Vivier 55 box 1er étage
6600 Bastogne
Active since 1 August 2016
Quai Paul Verlaine 2
6000 Charleroi
Active since 1 August 2016
Rue de Nimy 52
7000 Mons
Active since 1 August 2016
Rue de la Paix 44
4800 Verviers
Active since 1 August 2016
Rue l'Apleit 2
4500 Huy
Active since 1 August 2016
Grand'Place (TOU) 3
7500 Tournai
Active since 1 August 2016
Rue de Coquelet(BU) 134
5004 Namur
Active since 13 June 2016
Avenue Robert Schuman 101
1400 Nivelles
Active since 1 January 2016
Libramont,Rue du Serpont 123
6800 Libramont-Chevigny
Active since 1 April 2018
Rue du Baloir 12
4300 Waremme
Active since 28 September 2018
Rue de la Gare 15
4960 Malmedy
Active since 1 January 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Les Editions rurales - De Landelijke Uitgeverijen same network
€ 5.2 million revenue · 2025
ROSSEL & Cie same network
€ 108.8 million revenue · 2025
Rossel-Hurbain same network
€ 148,519 gross margin · 2025
Auxiliaire Rossel same network
€ 130,001 gross margin · 2025
Société de Participations Rossel-Hurbain
€ 273,038 gross margin · 2025
+24 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
- 0403.513.367
- VAT number
- BE 0403.513.367
- Registered office
- Koningsstraat 100, 1000 Brussel
- Names & denominations
- GROUPE VLAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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