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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6.4 to 4.2.
Financials
Financial year 2025
VLAAMSE IMMOBILIENMAATSCHAPPIJ from Vilvoorde, company number BE0429600033, closed financial year 2025 with a result of € -260,647 after tax. For that financial year VLAAMSE IMMOBILIENMAATSCHAPPIJ recorded a gross margin of € 325,237 and equity of € 2.4 million. Compared with financial year 2024, the result moved from € -242,568 to € -260,647. 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 September 30, 2026.
€ 2.4 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -260,647
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 36,161
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
4.2
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 210,602
▼ 26% vs 2024
€ 50,100 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.
€ 122,044
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.4 million
▲ 6% vs 2024
€ 122,501 is repaid this year. At this pace the long-term loan is gone in ≈ 36 years.
€ 186,840
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,715
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 321,452 | € 284,829 | € 397,558 | € 325,237 | ▼ 18% |
| Profit after taxes | € -382,735 | € -355,412 | € -242,568 | € -260,647 | ▼ € 18,079 |
| Equity | € 3,202,956 | € 2,890,045 | € 2,645,789 | € 2,379,021 | ▼ 10% |
| Total debts | € 3,755,191 | € 4,397,647 | € 4,715,557 | € 4,790,743 | ▲ 2% |
| Cash | € 89,246 | € 51,595 | € 27,046 | € 36,161 | ▲ 34% |
| Land & buildings | € 6,131,899 | € 6,128,249 | € 6,128,249 | € 6,128,249 | |
| Retained profit | € -544,704 | € -900,115 | € -1,142,683 | € -1,403,331 | ▼ € 260,647 |
| Bank debt | € 3,352,394 | € 3,893,540 | € 4,134,330 | € 4,384,311 | ▲ 6% |
| Balance sheet total | € 6,958,147 | € 7,287,692 | € 7,361,346 | € 7,169,764 | ▼ 3% |
| Employees (FTE) | 5.3 | 6.4 | 5.7 | 4.2 | ▼ 1.5 |
Key figures of VLAAMSE IMMOBILIENMAATSCHAPPIJ, 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 VLAAMSE IMMOBILIENMAATSCHAPPIJ?
What happened at VLAAMSE IMMOBILIENMAATSCHAPPIJ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Anne Van Assche stepped down as director. NBB
- Kamiel Van Assche stepped down as director. NBB
- Jan Van Assche stepped down as director. NBB
- ELVA NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 260,647. filed late Source: NBB ↗
- Anne Van Assche became a director. NBB
- Kamiel Van Assche became a director. NBB
- Jan Van Assche became a director. NBB
In short
From € 382,735 loss in 2022 to € 260,647 loss in 2025.
Paid € 1,031 in corporate taxes since 2022.
On average € 77,400 of value added per employee in 2025.
Management
The stake of ELVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VLAAMSE IMMOBILIENMAATSCHAPPIJThe shares are held by ELVA (99.9%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Schaarbeeklei 638
1800 Vilvoorde
Locquenghienstraat 35
1000 Brussel
Active since 1 May 2019
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
- 0429.600.033
- VAT number
- BE 0429.600.033
- Registered office
- Schaarbeeklei 638, 1800 Vilvoorde
- Names & denominations
- VLAAMSE IMMOBILIENMAATSCHAPPIJ · VLIMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 1986
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen
Overige opslag
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Organisatie van congressen en beurzen
Opslag
+1