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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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 13.9 to 12.
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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
VITRALUX from Kruisem, company number BE0420424526, closed financial year 2024 with a result of € -83,547 after tax. For that financial year VITRALUX recorded a gross margin of € 963,547 and equity of € 399,501. Compared with financial year 2023, the result moved from € 10,898 to € -83,547. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2025.
€ 399,501
▼ 17% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -83,547
▼ still € 10,898 profit in 2023
Profit after tax over the fiscal year.
€ 83,434
▼ 21% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 279,501.
People and assets in 2024
12
▼ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 827,412
▼ 3% vs 2023
€ 69,000 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.
€ 36,154
▼ 39% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 830,840
▼ 16% vs 2023
€ 108,669 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 685,373
▼ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 68,494
▼ 25% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,063,882 | € 1,174,404 | € 1,093,750 | € 963,547 | ▼ 12% |
| Profit after taxes | € 75,209 | € 52,437 | € 10,898 | € -83,547 | ▼ € 94,445 |
| Equity | € 419,712 | € 472,149 | € 483,048 | € 399,501 | ▼ 17% |
| Total debts | € 2,783,820 | € 3,010,053 | € 2,518,318 | € 2,106,862 | ▼ 16% |
| Cash | € 75,458 | € 184,563 | € 105,706 | € 83,434 | ▼ 21% |
| Land & buildings | € 1,474,550 | € 1,386,906 | € 1,269,951 | € 1,162,084 | ▼ 8% |
| Retained profit | € 299,712 | € 352,149 | € 363,048 | € 279,501 | ▼ 23% |
| Bank debt | € 1,205,477 | € 1,140,363 | € 983,450 | € 830,840 | ▼ 16% |
| Balance sheet total | € 3,203,532 | € 3,482,202 | € 3,001,366 | € 2,506,363 | ▼ 16% |
| Employees (FTE) | 13.9 | 13.9 | 12.6 | 12 | ▼ 0.6 |
Key figures of VITRALUX, 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 31 July 2026.
What happened to VITRALUX?
What happened at VITRALUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ASTIBO stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 83,547 (▼ € 94,445 vs 2023). filed late Source: NBB ↗
- Ann Vandamme stepped down as director. NBB
- ANDIV VOF stepped down as director. NBB
- ASTIBO became a director. NBB
- Ann Vandamme became a director. NBB
- ANDIV VOF became a director. NBB
- New establishment in Kruisem. KBO
In short
From € 75,209 profit in 2021 to € 83,547 loss in 2024.
Paid € 460 in corporate taxes since 2021.
Best year ever: 2021, with € 75,209 profit.
On average € 80,300 of value added per employee in 2024.
Management
The stake of ASTIBO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VITRALUXBehind VITRALUX are Wiesan, Matthias Vermeersch and Thomas Vermeersch. The shares are held by ASTIBO (100%).
Directors
According to the 2024 annual accounts
Director · represented by Wim Vermeersch
Matthias Vermeersch
Director
Thomas Vermeersch
Director
Ann Vandamme
Director
since 2021 · until 2024
Managing director · represented by Dirk Vermeerch
since 2021 · until 2024
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pontstraat(KRU) 2
9770 Kruisem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0420.424.526
- VAT number
- BE 0420.424.526
- Registered office
- Pontstraat(KRU) 2, 9770 Kruisem
- Names & denominations
- VITRALUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1980
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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