What does VN SERVICES do?

VN SERVICES is a wholesaler in Ternat. Public Limited, started on 23 July 1982, 1 establishment.

What is the address of VN SERVICES?

The registered office of VN SERVICES is located at Assesteenweg 25, 1740 Ternat.

Is VN SERVICES still active?

Yes. According to the CBE (30 October 2026) VN SERVICES is active, legal situation “Normale toestand”, started on 23 July 1982.

Is VN SERVICES registered on Peppol?

Yes, VN SERVICES is registered on the Peppol network with ID 0208:0422904657.

What is the enterprise number of VN SERVICES?

The enterprise number of VN SERVICES is BE0422904657.

When was VN SERVICES founded?

VN SERVICES was founded on 23 July 1982.

Who are the directors of VN SERVICES?

According to the 2026 annual accounts, the directors of VN SERVICES are: Jeffrey Lee Powell, John Warwick Green, Michael J. McKenney.

Is VN SERVICES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 July 1982; 4 annual accounts filed, latest fiscal year 2026; 3 directors known from the annual account.

How much profit did VN SERVICES make in 2026?

VN SERVICES posted a profit after taxes of € 262,512 in financial year 2026.

What is the revenue of VN SERVICES?

As a small company, VN SERVICES is not required to publish revenue in its annual accounts. In financial year 2026, its added value was € 1,280,520.

How much does an employee at VN SERVICES earn?

The average wage cost per full-time employee at VN SERVICES was € 163,500 in 2026: staff costs of € 784,668 for 4.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VN SERVICES have?

According to the 2026 annual accounts, VN SERVICES has 4.8 full-time equivalents (FTE).

VN SERVICES (Public Limited) - Ternat - BE0422904657

Dossier VN SERVICES, printed on 30 October 2026 from databakkes.be/en/0422904657/vn-services. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 5.8 to 4.8.

Financials

Financial year 2026

VN SERVICES from Ternat, company number BE0422904657, closed financial year 2026 with a result of € 262,512 after tax. For that financial year VN SERVICES recorded a gross margin of € 1.3 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 163,192 to € 262,512. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.

What it is worth Growing

€ 4 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 262,512

▲ 61% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 209,290

▼ 51% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2026. Retained profit grew to € 3.7 million.

People and assets in 2026

Full-time equivalents

4.8

▼ 0.9 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 784,668

▼ 28% vs 2024

€ 163,500 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.

Vehicles and equipment

€ 22,829

▼ 21% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2026

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 191,546

▼ 29% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 205,026

▼ 44% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2026	Change 2024 → 2026
Revenue	€ 6,218,760 Revenue 2022: € 6,218,760 First fiscal year in the series	-	-	-
Gross margin	-	€ 1,619,570 Gross margin 2023: € 1,619,570 First fiscal year in the series	€ 1,351,594 Gross margin 2024: € 1,351,594 ▼ 17% vs 2023 (€ 1,619,570) Unfavourable step	€ 1,280,520 Gross margin 2026: € 1,280,520 ▼ 5% vs 2024 (€ 1,351,594) Unfavourable step	▼ 5%
Profit after taxes	€ 750,567 Profit after taxes 2022: € 750,567 First fiscal year in the series	€ 577,367 Profit after taxes 2023: € 577,367 ▼ 23% vs 2022 (€ 750,567) Unfavourable step	€ 163,192 Profit after taxes 2024: € 163,192 ▼ 72% vs 2023 (€ 577,367) Unfavourable step	€ 262,512 Profit after taxes 2026: € 262,512 ▲ 61% vs 2024 (€ 163,192) Favourable step	▲ 61%
Equity	€ 2,965,611 Equity 2022: € 2,965,611 First fiscal year in the series	€ 3,542,978 Equity 2023: € 3,542,978 ▲ 19% vs 2022 (€ 2,965,611) Favourable step	€ 3,706,170 Equity 2024: € 3,706,170 ▲ 5% vs 2023 (€ 3,542,978) Favourable step	€ 3,968,682 Equity 2026: € 3,968,682 ▲ 7% vs 2024 (€ 3,706,170) Favourable step	▲ 7%
Total debts	€ 456,479 Total debts 2022: € 456,479 First fiscal year in the series	€ 499,461 Total debts 2023: € 499,461 ▲ 9% vs 2022 (€ 456,479) Unfavourable step	€ 654,347 Total debts 2024: € 654,347 ▲ 31% vs 2023 (€ 499,461) Unfavourable step	€ 425,520 Total debts 2026: € 425,520 ▼ 35% vs 2024 (€ 654,347) Favourable step	▼ 35%
Cash	€ 653,065 Cash 2022: € 653,065 First fiscal year in the series	€ 452,627 Cash 2023: € 452,627 ▼ 31% vs 2022 (€ 653,065) Unfavourable step	€ 430,880 Cash 2024: € 430,880 ▼ 5% vs 2023 (€ 452,627) Unfavourable step	€ 209,290 Cash 2026: € 209,290 ▼ 51% vs 2024 (€ 430,880) Unfavourable step	▼ 51%
Retained profit	€ 2,690,400 Retained profit 2022: € 2,690,400 First fiscal year in the series	€ 3,267,768 Retained profit 2023: € 3,267,768 ▲ 21% vs 2022 (€ 2,690,400) Favourable step	€ 3,430,959 Retained profit 2024: € 3,430,959 ▲ 5% vs 2023 (€ 3,267,768) Favourable step	€ 3,693,471 Retained profit 2026: € 3,693,471 ▲ 8% vs 2024 (€ 3,430,959) Favourable step	▲ 8%
Dividend	€ 1,500,812 Dividend 2022: € 1,500,812 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 1,500,812) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2026: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 3,422,090 Balance sheet total 2022: € 3,422,090 First fiscal year in the series	€ 4,042,439 Balance sheet total 2023: € 4,042,439 ▲ 18% vs 2022 (€ 3,422,090) Unchanged	€ 4,360,517 Balance sheet total 2024: € 4,360,517 ▲ 8% vs 2023 (€ 4,042,439) Unchanged	€ 4,394,202 Balance sheet total 2026: € 4,394,202 ▲ 1% vs 2024 (€ 4,360,517) Unchanged	▲ 1%
Employees (FTE)	5.3 Employees (FTE) 2022: 5.3 First fiscal year in the series	5.8 Employees (FTE) 2023: 5.8 ▲ 0.5 vs 2022 (5.3) Unchanged	5.7 Employees (FTE) 2024: 5.7 ▼ 0.1 vs 2023 (5.8) Unchanged	4.8 Employees (FTE) 2026: 4.8 ▼ 0.9 vs 2024 (5.7) Unchanged	▼ 0.9

Key figures of VN SERVICES, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 3 August 2027.

What happened to VN SERVICES?

What happened at VN SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Michael J. McKenney stepped down as director. NBB
2029 Jeffrey Lee Powell stepped down as director. NBB
2028 John Warwick Green stepped down as director. NBB
Sep 28, 2026 New annual accounts for financial year 2026: profit of € 262,512 (▲ 61% vs 2024). filed late Source: NBB ↗
2025 Michael J. McKenney became a director. NBB
2023 Jeffrey Lee Powell became a director. NBB
2022 John Warwick Green became a director. NBB
Jun 12, 2003 New establishment in Ternat. KBO

In short

From € 750,567 profit in 2022 to € 262,512 profit in 2026.

Paid € 625,905 in corporate taxes since 2022.

Best year ever: 2022, with € 750,567 profit.

On average € 266,800 of value added per employee in 2026.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2026 annual accounts

Jeffrey Lee Powell

Director

since 2023 · until 2029

John Warwick Green

Managing director

since 2022 · until 2028

Michael J. McKenney

Director

since 2025 · until 2031

Establishments

Establishment units

Physical locations of this company

Registered office

Assesteenweg 25

1740 Ternat

2.128.811.092

Assesteenweg 25 2

1740 Ternat

Active since 12 June 2003

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

ARM COMPANY

€ 120,949 revenue · 2025

ASI GROUPS

€ 192,817 gross margin · 2024

Dansstudio FUSION

LOGO 2 TERNAT

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0422.904.657
VAT number: BE 0422.904.657
Registered office: Assesteenweg 25, 1740 Ternat
Names & denominations: VN SERVICES
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 23 July 1982
Peppol: Active · Active since 21 Oct 2026
Activities · NACE: Groothandel in gereedschapswerktuigen

View on CBE Public ↗ Annual accounts (NBB) ↗

VN SERVICES