Financials
Financial year 2025
Vitra from Wommelgem, company number BE0404066960, closed financial year 2025 with a result of € 3.2 million after tax. For that financial year Vitra recorded revenue of € 35 million and equity of € 22.3 million. Compared with financial year 2024, the result moved from € 3 million to € 3.2 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 22.3 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.2 million
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 4 million
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
93.3
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.8 million
▲ 4% vs 2024
€ 84,000 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.
€ 147,601
▼ 13% 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
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 781,613
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 30,299,978 | € 31,413,196 | € 32,729,495 | € 34,979,451 | ▲ 7% |
| Profit after taxes | € 1,828,632 | € 2,615,930 | € 3,037,112 | € 3,218,401 | ▲ 6% |
| Equity | € 19,353,213 | € 21,941,378 | € 22,573,975 | € 22,289,097 | ▼ 1% |
| Total debts | € 8,261,023 | € 5,180,578 | € 6,978,222 | € 2,371,741 | ▼ 66% |
| Cash | € 1,561,035 | € 1,551,804 | € 2,941,169 | € 4,028,948 | ▲ 37% |
| Land & buildings | € 2,761,406 | € 2,805,191 | € 3,071,705 | € 2,766,740 | ▼ 10% |
| Retained profit | € 19,008,299 | € 21,624,229 | € 22,261,341 | € 21,979,742 | ▼ 1% |
| Dividend | € 0 | € 0 | € 2,400,000 | € 3,500,000 | ▲ 46% |
| Bank debt | € 5,330,389 | € 2,631,852 | € 1,428,254 | € 0 | ▼ 100% |
| Balance sheet total | € 27,662,802 | € 27,152,064 | € 29,728,956 | € 24,717,318 | ▼ 17% |
| Employees (FTE) | 87 | 86.2 | 91.6 | 93.3 | ▲ 1.7 |
Key figures of Vitra, 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 Vitra?
What happened at Vitra in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mehmet Yagiz Çekin stepped down as director. NBB
- Ugur Berke Demirhan stepped down as director. NBB
- Minoco57 BV stepped down as director. NBB
- Adam Barnett stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.2 million (▲ 6% vs 2024). Source: NBB ↗
- Mehmet Yagiz Çekin became a director. NBB
- Ugur Berke Demirhan became a director. NBB
- Minoco57 BV became a director. NBB
In short
From € 1.8 million profit in 2022 to € 3.2 million profit in 2025.
Paid € 3.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.2 million profit.
Paid out € 5.9 million in dividends to the owners in total.
Management
The stake of VENCA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VitraThe shares are held by VENCA (100%). It owns 100% of Vitra Netherlands BV itself.
Directors
According to the 2025 annual accounts
Mehmet Yagiz Çekin
Chairman of the board
since 2025 · until 2028
since 2024 · until 2027
since 2025 · until 2028
Managing director · represented by Jan Lodewijk Laeremans
since 2025 · until 2028
Shareholders
100%
Participations
Vitra Netherlands BV
100%
Establishments
Establishment units
Physical locations of this company
Gulkenrodestraat 4
2160 Wommelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0404.066.960
- VAT number
- BE 0404.066.960
- Registered office
- Gulkenrodestraat 4, 2160 Wommelgem
- Names & denominations
- Vitra
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1953
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
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