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 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO VDK from Harelbeke, company number BE0426397647, closed financial year 2025 with a result of € 576,956 after tax. For that financial year IMMO VDK recorded revenue of € 3.3 million and equity of € 5.3 million. Compared with financial year 2024, the result moved from € 811,596 to € 576,956. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 5.3 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 576,956
▼ 29% vs 2024
Profit after tax over the fiscal year.
€ 307,769
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 4.4 million.
People and assets in 2025
34
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 4% vs 2024
€ 71,900 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.
€ 40,315
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10.4 million
▲ 32% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 106,002
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 469,722
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,606,385 | € 2,965,260 | € 3,328,986 | € 3,341,789 | |
| Profit after taxes | € 957,147 | € 627,752 | € 811,596 | € 576,956 | ▼ 29% |
| Equity | € 3,279,759 | € 3,907,511 | € 4,719,108 | € 5,296,063 | ▲ 12% |
| Total debts | € 19,052,500 | € 17,192,266 | € 15,682,330 | € 17,511,611 | ▲ 12% |
| Cash | € 5,019,680 | € 561,110 | € 620,599 | € 307,769 | ▼ 50% |
| Land & buildings | € 16,303,833 | € 16,947,408 | € 18,477,807 | € 21,972,324 | ▲ 19% |
| Retained profit | € 2,357,527 | € 2,985,279 | € 3,796,875 | € 4,373,831 | ▲ 15% |
| Bank debt | € 9,137,165 | € 8,615,218 | € 7,827,105 | € 10,363,927 | ▲ 32% |
| Balance sheet total | € 22,332,259 | € 21,099,778 | € 20,401,437 | € 22,807,674 | ▲ 12% |
| Employees (FTE) | 32.8 | 32.1 | 33.5 | 34 | ▲ 0.5 |
Key figures of IMMO VDK, 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 IMMO VDK?
What happened at IMMO VDK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vajama NV stepped down as director. NBB
- Niccon BV stepped down as director. NBB
- Vapama NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 576,956 (▼ 29% vs 2024). filed late Source: NBB ↗
- Vajama NV became a director. NBB
- Niccon BV became a director. NBB
- Vapama NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 957,147 profit in 2022 to € 576,956 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 957,147 profit.
Pays suppliers within 49 days on average.
Management
The stake of VAPAMA, VAJAMA, VARIAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO VDKThe shares are held by VAPAMA (33.3%), VAJAMA (33.3%) and VARIAN (33%).
Directors
According to the 2025 annual accounts
Director · represented by Vandekerckhove Jaak
Also active at: BRUGSE BANDENCENTRALE, Bandencentrale Van Wassenhove, Wondelgemse Bandencentrale, BANDENCENTRALE PUYPE, BELGIAN TYRE SERVICES, VARIAN, BANDEN RECA PNEUS, Matchings +3 more
since 2025 · until 2031
Managing director · represented by Vandekerckhove Nicolas
Also active at: VAJAMA, BANDENBEDRIJF VANDEKERCKHOVE
since 2025 · until 2031
Director · represented by Vandekerckhove Paul
Also active at: BRUGSE BANDENCENTRALE, Bandencentrale Van Wassenhove, Wondelgemse Bandencentrale, BANDENCENTRALE PUYPE, BELGIAN TYRE SERVICES, VARIAN, BANDEN RECA PNEUS, Matchings +3 more
since 2025 · until 2031
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 314
8530 Harelbeke
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.397.647
- VAT number
- BE 0426.397.647
- Registered office
- Kortrijksesteenweg 314, 8530 Harelbeke
- Names & denominations
- IMMO VDK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 1984
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Bandenservicebedrijven
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige dienstverlenende activiteiten op het gebied van informatie
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