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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Annual account missing NBB
Fiscal year 2025 was expected before 29 April 2026 and has not been filed.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
Financials
Financial year 2024
VST EQUIPMENT from Ingelmunster, company number BE0416514832, closed financial year 2024 with a result of € 906,701 after tax. For that financial year VST EQUIPMENT recorded a gross margin of € 8 million and equity of € 4.6 million. Compared with financial year 2023, the result moved from € 535,893 to € 906,701. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2025.
€ 4.6 million
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 906,701
▲ 69% vs 2023
Profit after tax over the fiscal year.
€ 527,810
▲ 11% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 861,366 paid out
95 % of the profit went to the shareholders, mostly to MECO GROUP HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2024
82.8
▲ 12.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 4.7 million
▲ 15% vs 2023
€ 56,600 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.
€ 5.3 million
▼ 6% vs 2023
Of which on lease € 5.1 million.
Debts at end 2024
€ 6.5 million
▼ 22% vs 2023
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 6.4 million
▲ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.5 million
▲ 45% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 4,738,900 | € 6,024,434 | € 7,349,351 | € 8,042,254 | ▲ 9% |
| Profit after taxes | € 360,245 | € 670,333 | € 535,893 | € 906,701 | ▲ 69% |
| Equity | € 4,206,024 | € 4,505,126 | € 4,601,404 | € 4,646,739 | ▲ 1% |
| Total debts | € 12,808,363 | € 15,780,441 | € 15,771,921 | € 15,377,722 | ▼ 2% |
| Cash | € 145,484 | € 442,873 | € 475,489 | € 527,810 | ▲ 11% |
| Land & buildings | € 673,764 | € 656,253 | € 609,729 | € 564,844 | ▼ 7% |
| Retained profit | € 1,038,678 | € 1,433,761 | € 1,604,404 | € 1,674,489 | ▲ 4% |
| Dividend | € 30,000 | € 300,000 | € 390,000 | € 861,366 | ▲ 121% |
| Bank debt | € 8,781,361 | € 9,464,294 | € 8,335,181 | € 6,479,840 | ▼ 22% |
| Balance sheet total | € 17,014,387 | € 20,285,568 | € 20,373,325 | € 20,024,461 | ▼ 2% |
| Employees (FTE) | 63.1 | 68 | 70.2 | 82.8 | ▲ 12.6 |
Key figures of VST EQUIPMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 29 April 2026.
What happened to VST EQUIPMENT?
What happened at VST EQUIPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 906,701 (▲ 69% vs 2023). Source: NBB ↗
- VST Equipment Holding became a director. NBB
- Esniva stepped down as director. NBB
- Juvas stepped down as director. NBB
- Esniva became a director. NBB
- Juvas became a director. NBB
- New establishment in Ingelmunster. KBO
- New establishment in Oostende. KBO
In short
From € 360,245 profit in 2021 to € 906,701 profit in 2024.
Paid € 801,818 in corporate taxes since 2021.
Best year ever: 2024, with € 906,701 profit.
On average € 97,100 of value added per employee in 2024.
Management
The stake of MECO GROUP HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VST EQUIPMENTBehind VST EQUIPMENT is VST Equipment Holding. The shares are held by MECO GROUP HOLDING (100%). It owns 55% of Meco Sales itself.
Directors
According to the 2024 annual accounts
Director · represented by Van STEENKISTE JORAN
since 2024
Managing director · represented by Van STEENKISTE NIEK
Also active at: MECO SALES, JUNITRANS, MECO GROUP HOLDING, MECO GROUP, MECO INVEST, MECO WALLONIE, MECO SERVICES
since 2022 · until 2024
Managing director · represented by Van STEENKISTE JURN
Also active at: MECO SALES, JUNITRANS, MECO GROUP HOLDING, MECO GROUP, MECO INVEST, MECO WALLONIE, MECO SERVICES
since 2022 · until 2024
Shareholders
100%
Participations
55%
Establishments
Establishment units
Physical locations of this company
Handelsstraat 15
8770 Ingelmunster
Leegaardsdijk 2
8400 Oostende
Active since 20 July 2012
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
- 0416.514.832
- VAT number
- BE 0416.514.832
- Registered office
- Handelsstraat 15, 8770 Ingelmunster
- Names & denominations
- VST EQUIPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 November 1976
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte
Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild
Detailhandel in vlees en vleeswaren
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte