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 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
V.S.G. from Kampenhout, company number BE0437557201, closed financial year 2025 with a result of € -61,508 after tax. For that financial year V.S.G. recorded a gross margin of € -18,087 and equity of € 2.4 million. Compared with financial year 2024, the result moved from € -46,089 to € -61,508. The company made a loss. 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 June 22, 2026.
€ 2.4 million
▲ € 2.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,508
▼ 33 % more loss than in 2024
Profit after tax over the fiscal year.
€ 57,143
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -152,850.
Debts at end 2025
€ 892,000
Loans from banks and other lenders, long and short.
€ 119,903
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,306 | € -12,846 | € -21,555 | € -18,087 | ▲ € 3,469 |
| Profit after taxes | € -60,771 | € -75,696 | € -46,089 | € -61,508 | ▼ € 15,419 |
| Equity | € 92,417 | € 16,720 | € -29,369 | € 2,409,123 | ▲ € 2.4 million |
| Total debts | € 638,849 | € 1,025,000 | € 2,600,000 | € 1,981,903 | ▼ 24% |
| Cash | € 2,509 | € 8,960 | € 73,067 | € 57,143 | ▼ 22% |
| Land & buildings | € 728,756 | € 1,031,647 | € 1,011,270 | € 896,916 | ▼ 11% |
| Retained profit | € 30,443 | € -45,253 | € -91,342 | € -152,850 | ▼ € 61,508 |
| Bank debt | € 0 | € 0 | € 0 | € 892,000 | |
| Balance sheet total | € 731,265 | € 1,041,720 | € 2,570,631 | € 4,391,027 | ▲ 71% |
Key figures of V.S.G., 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 V.S.G.?
What happened at V.S.G. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rudi Jennes stepped down as director. NBB
- Jenmabo stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 61,508. Source: NBB ↗
- Rudi Jennes became a director. NBB
- Jenmabo became a director. NBB
- New establishment in Boortmeerbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 60,771 loss in 2022 to € 61,508 loss in 2025.
Management
The stake of JENMABO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
V.S.G.The shares are held by JENMABO (100%).
Directors
According to the 2025 annual accounts
Rudi Jennes
Director
Also active at: Domein Louis De Roy, RJ - INVEST, J-PROJECT, Luxury Sauna & Relax Logies, JENMABO, Jennes Real Estate, RESPONSUM, BRASSERIE TASTE +9 more
since 2021 · until 2027
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 31
1910 Kampenhout
Leuvensesteenweg 369
3190 Boortmeerbeek
Active since 16 June 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →VOS
€ 294,052 gross margin · 2025
J-PROJECT same network
€ 3.7 million revenue · 2025
DMC Multimerk Carrosserie Brussels
€ 13 million revenue · 2025
JENMABO same network
€ 402,651 revenue · 2025
Jennes Groep
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.557.201
- VAT number
- BE 0437.557.201
- Registered office
- Mechelsesteenweg 31, 1910 Kampenhout
- Names & denominations
- V.S.G.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 1989
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.