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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
VANERUM BELGIE from Diest, company number BE0421014939, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year VANERUM BELGIE recorded revenue of € 17 million and equity of € -37,797. Compared with financial year 2024, the result moved from € -273,455 to € -1.5 million. The company made a loss. 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 July 7, 2026.
€ -37,797
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 454 % more loss than in 2024
Profit after tax over the fiscal year.
€ 17,754
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
77.3
▲ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.3 million
▲ 7% vs 2024
€ 68,200 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.
€ 435,436
▼ 18% vs 2024
Of which on lease € 256,431.
Debts at end 2025
€ 10.4 million
▲ 40% vs 2024
€ 240,071 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.5 million
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 1 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,834,206 | € 18,208,807 | € 18,095,255 | € 16,951,195 | ▼ 6% |
| Profit after taxes | € 266,458 | € 614,296 | € -273,455 | € -1,514,280 | ▼ € 1.2 million |
| Equity | € 1,885,642 | € 1,749,938 | € 1,476,483 | € -37,797 | ▼ € 1.5 million |
| Total debts | € 12,402,147 | € 13,629,253 | € 12,858,171 | € 16,608,576 | ▲ 29% |
| Cash | € 22,913 | € 908,086 | € 1,289,581 | € 17,754 | ▼ 99% |
| Land & buildings | € 308,525 | € 284,327 | € 474,833 | € 365,709 | ▼ 23% |
| Retained profit | € 737,653 | € 601,949 | € 328,494 | € -1,185,786 | ▼ € 1.5 million |
| Dividend | € 250,000 | € 750,000 | € 0 | € 0 | |
| Bank debt | € 8,300,455 | € 787,055 | € 7,399,769 | € 10,373,005 | ▲ 40% |
| Balance sheet total | € 14,287,790 | € 15,379,191 | € 14,334,654 | € 16,570,779 | ▲ 16% |
| Employees (FTE) | 75.6 | 74.5 | 75.1 | 77.3 | ▲ 2.2 |
Key figures of VANERUM BELGIE, 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 VANERUM BELGIE?
What happened at VANERUM BELGIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- Gert Van Erum became a director. NBB
- i3-Group Holding NV stepped down as director. NBB
- Bart Henkens stepped down as director. NBB
- Bart Henkens became a director. NBB
- i3-Group Holding NV became a director. NBB
- New establishment in Diest. KBO
- Start of the company according to the CBE. KBO
In short
From € 266,458 profit in 2022 to € 1.5 million loss in 2025.
Paid € 132,297 in corporate taxes since 2022.
Best year ever: 2023, with € 614,296 profit.
Paid out € 1 million in dividends to the owners in total.
Management
The stake of i3-Group Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VANERUM BELGIEBehind VANERUM BELGIE is Gert Van Erum. The shares are held by i3-Group Holding (100%). It owns 100% of Vanerum Nederland itself.
Directors
According to the 2025 annual accounts
Gert Van Erum
Gedelegeerd bestuurder
Also active at: i3-TECHNOLOGIES, BRX, Do Don’t Try, (g)Inspirational, One Consultants Holding, BRX INVEST, i3-Group Holding, GETinvest
since 2026
Bart Henkens
Bestuurder
since 2024 · until 2026
Gedelegeerd bestuurder · represented by Gert Van Erum
Also active at: i3-TECHNOLOGIES
since 2022 · until 2026
Shareholders
100%
Participations
Vanerum Nederland
100%
Establishments
Establishment units
Physical locations of this company
Kleine Schaluinweg 7
3290 Diest
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →i3-TECHNOLOGIES same network
€ 22.8 million revenue · 2025
BRX same network
€ -322 gross margin · 2025
(g)Inspirational same network
€ -13,780 gross margin · 2025
One Consultants Holding same network
€ 175,147 gross margin · 2025
BRX INVEST same network
€ -28,681 gross margin · 2023
+3 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
- 0421.014.939
- VAT number
- BE 0421.014.939
- Registered office
- Kleine Schaluinweg 7, 3290 Diest
- Names & denominations
- VANERUM BELGIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1980
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van kantoor-, winkel- en ateliermeubelen, overwegend van metaal
Overige industrie, n.e.g.
Overige industrie, neg
Groothandel in papierwaren, kantoor- en schoolbehoeften
Groothandel in overige kantoormachines en kantoorbenodigdheden
Groothandel in kantoor- en schoolbenodigdheden
Groothandel in informatie- en communicatieapparatuur
+1