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 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VEFIBEL from Comines-Warneton, company number BE0433852492, closed financial year 2025 with a result of € 406,505 after tax. For that financial year VEFIBEL recorded revenue of € 215,402 and equity of € 5.4 million. Compared with financial year 2024, the result moved from € 376,521 to € 406,505. 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 May 4, 2026.
€ 5.4 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 406,505
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 95,627
▼ 86% 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.
Debts at end 2025
€ 2.5 million
▼ 28% vs 2024
€ 183,333 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 74,394
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 149 days on average.
€ 161,179
▲ € 151,893 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 326,174 | € 290,562 | € 169,512 | € 215,402 | ▲ 27% |
| Profit after taxes | € 410,720 | € 482,166 | € 376,521 | € 406,505 | ▲ 8% |
| Equity | € 4,088,359 | € 4,570,525 | € 4,947,046 | € 5,353,551 | ▲ 8% |
| Total debts | € 1,019,128 | € 2,108,723 | € 4,104,532 | € 2,894,876 | ▼ 29% |
| Cash | € 713,176 | € 66,881 | € 702,898 | € 95,627 | ▼ 86% |
| Land & buildings | € 1,442,513 | € 1,432,190 | € 2,511,789 | € 2,592,749 | ▲ 3% |
| Retained profit | € 3,130,359 | € 3,612,525 | € 3,989,046 | € 4,395,551 | ▲ 10% |
| Bank debt | € 775,000 | € 1,362,500 | € 3,529,166 | € 2,545,833 | ▼ 28% |
| Balance sheet total | € 5,107,487 | € 6,679,248 | € 9,051,578 | € 8,248,427 | ▼ 9% |
| Employees (FTE) | 1 | 0.4 | - | - |
Key figures of VEFIBEL, 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 VEFIBEL?
What happened at VEFIBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- STERNIDAE SPRL stepped down as director. NBB
- DEBRUCO BV stepped down as director. NBB
- PHILIP DE BRUYN stepped down as director. NBB
- Opus+ SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 406,505 (▲ 8% vs 2024). Source: NBB ↗
- DEBRUCO BV became a director. NBB
- Opus+ SA became a director. NBB
- STERNIDAE SPRL became a director. NBB
In short
From € 410,720 profit in 2022 to € 406,505 profit in 2025.
Paid € 462,280 in corporate taxes since 2022.
Best year ever: 2023, with € 482,166 profit.
Pays suppliers within 149 days on average.
Management
The stake of DEBINCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VEFIBELThe shares are held by DEBINCO (100%). It owns 99% of VEFIBEL SCI itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Maxime Busschaert
Also active at: BRIQUETERIES DE PLOEGSTEERT, CERATEC, DOUTERLOIGNE BETON, PREFAXIS
since 2017 · until 2029
Managing director · represented by LOUIS DE BRUYN
Also active at: BRIQUETERIES DE PLOEGSTEERT, CERATEC, DOUTERLOIGNE BETON, PREFAXIS
since 2020 · until 2029
PHILIP DE BRUYN
Chairman of the board
Also active at: OPUS +, IMMOTRION, CANAL PROPERTIES, DEBINCO, DOUTERLOIGNE BETON, PREFAXIS
since 2017 · until 2029
Managing director · represented by Philip DE BRUYN
Also active at: BRIQUETERIES DE PLOEGSTEERT, CERATEC, DEBINCO, DOUTERLOIGNE BETON, PREFAXIS
since 2019 · until 2029
Shareholders
100%
Participations
99%
Establishments
Establishment units
Physical locations of this company
Touquetstraat(Biz) 228
7783 Comines-Warneton
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0433.852.492
- VAT number
- BE 0433.852.492
- Registered office
- Touquetstraat(Biz) 228, 7783 Comines-Warneton
- Names & denominations
- VEFIBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Ondersteunende activiteiten in verband met de teelt van gewassen
Markt- en opinieonderzoek
Teelt van andere meerjarige gewassen
Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden
Teelt van groenten, meloenen en wortel- en knolgewassen
Teelt van andere eenjarige gewassen, neg
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