Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 414.9 to 330.4.
-
Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VMA SUD from Charleroi, company number BE0427983202, closed financial year 2025 with a result of € 4.3 million after tax. For that financial year VMA SUD recorded revenue of € 90.3 million and equity of € 11.1 million. Compared with financial year 2024, the result moved from € -206,077 to € 4.3 million. 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 May 14, 2026.
€ 11.1 million
▲ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.3 million
▲ still € 206,077 loss in 2024
Profit after tax over the fiscal year.
€ 147,440
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
12 % of the profit went to the shareholders, mostly to CFE CONTRACTING (100 % of the shares). That is where the money ends up.
People and assets in 2025
330.4
▼ 14.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 24.5 million
€ 74,200 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.
€ 4.5 million
▼ 9% vs 2024
Of which on lease € 3.5 million.
Debts at end 2025
€ 3 million
▼ 9% vs 2024
€ 295,237 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 15.4 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 102 days on average.
€ 3.9 million
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 77,093,455 | € 119,070,917 | € 75,348,096 | € 90,292,355 | ▲ 20% |
| Profit after taxes | € 2,037,243 | € -5,197,146 | € -206,077 | € 4,343,930 | ▲ € 4.6 million |
| Equity | € 9,105,351 | € 7,505,074 | € 7,238,081 | € 11,072,004 | ▲ 53% |
| Total debts | € 25,877,579 | € 35,784,529 | € 37,277,174 | € 42,627,583 | ▲ 14% |
| Cash | € 3,746 | € 2,347,973 | € 1,759,293 | € 147,440 | ▼ 92% |
| Land & buildings | € 408,631 | € 1,068,728 | € 1,157,099 | € 1,057,775 | ▼ 9% |
| Retained profit | € 5,927,807 | € -561,553 | € -765,976 | € 3,077,954 | ▲ € 3.8 million |
| Dividend | € 0 | € 0 | € 0 | € 500,000 | |
| Bank debt | € 4,601,663 | € 3,588,638 | € 3,323,614 | € 3,031,518 | ▼ 9% |
| Balance sheet total | € 35,208,291 | € 44,628,413 | € 44,838,826 | € 54,927,954 | ▲ 23% |
| Employees (FTE) | 275.8 | 414.9 | 345.2 | 330.4 | ▼ 14.8 |
Key figures of VMA SUD, 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 VMA SUD?
What happened at VMA SUD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MSQ SPRL stepped down as director. NBB
- ID2ID stepped down as director. NBB
- GRL MANAGEMENT stepped down as director. NBB
- SPRL TROREMA stepped down as director. NBB
- EVCR stepped down as director. NBB
- CONSULTON VoF stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.3 million. Source: NBB ↗
- GRL MANAGEMENT became a director. NBB
In short
From € 2 million profit in 2022 to € 4.3 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 4.3 million profit.
Paid out € 500,000 in dividends to the owners in total.
Management
The shares are held by CFE CONTRACTING (100%).
Directors
According to the 2025 annual accounts
Director · represented by Fabien De Jonge
Also active at: Van Laere, V.M.A., BPI SAMAYA, MOBIX, Brantegem, BPC Group, Mobix Engetec, Bâtiments et Ponts Construction +19 more
since 2024 · until 2029
since 2024 · until 2029
Director · represented by Geoffrey Leurquin
since 2025 · until 2029
Director · represented by Raymund TROST
Also active at: Groep Terryn Construct, TERRYN TIMBER PRODUCTS, Van Laere, V.M.A., MOBIX, MBG, GROEP TERRYN, BPC Group +12 more
since 2024 · until 2029
Director · represented by Peter Matton
Also active at: V.M.A., Brantegem, VMA be.Maintenance, Pulse
since 2024 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue d'Edimbourg 19
6040 Charleroi
Avenue du Progrès 3 box 9
4432 Ans
Active since 1 September 2020
Rue Laid Burniat 2
1348 Ottignies-Louvain-la-Neuve
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →SM EpiCURA ATH
SSM VMA-Druart – Cegelec Westland
SMM CEGELEC - VMA Druart - Danneels
SMM VMA-Druart - CEGELEC - QUAI RIMBAUD
SMM DRUART-EEG-GHDC
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
TEAMINTERNET-AS, DE
Website info
Features
Security
Details
- Company number
- 0427.983.202
- VAT number
- BE 0427.983.202
- Registered office
- Rue d'Edimbourg 19, 6040 Charleroi
- Names & denominations
- VMA SUD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 1985
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- druart-sa.be
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie
Installatie van industriële machines, toestellen en werktuigen
Overige bouwinstallatie
Sanitaire werkzaamheden
Algemene elektrotechnische installatiewerken
Elektrotechnische installatiewerken van nijverheidsinrichtingen