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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VMI from Oreye, company number BE0438252334, closed financial year 2025 with a result of € 229,362 after tax. For that financial year VMI recorded a gross margin of € 923,504 and equity of € 2 million. Compared with financial year 2024, the result moved from € 282,666 to € 229,362. 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 May 31, 2026.
€ 2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 229,362
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 1 million
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 170,000 paid out
74 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 443
▼ 98% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.7 million
▲ 22% vs 2024
€ 511,615 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 131,931
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,500
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 908,535 | € 958,796 | € 1,002,312 | € 923,504 | ▼ 8% |
| Profit after taxes | € 238,285 | € 272,098 | € 282,666 | € 229,362 | ▼ 19% |
| Equity | € 1,688,827 | € 1,960,925 | € 1,900,591 | € 1,959,953 | ▲ 3% |
| Total debts | € 3,657,725 | € 3,556,005 | € 3,843,256 | € 4,377,818 | ▲ 14% |
| Cash | € 1,526,041 | € 1,723,620 | € 1,710,152 | € 1,018,350 | ▼ 40% |
| Land & buildings | € 3,392,450 | € 3,269,235 | € 3,281,045 | € 4,042,974 | ▲ 23% |
| Retained profit | € 1,589,670 | € 1,861,768 | € 1,801,434 | € 1,860,795 | ▲ 3% |
| Dividend | € 140,000 | € 0 | € 343,000 | € 170,000 | ▼ 50% |
| Bank debt | € 2,581,783 | € 2,319,565 | € 2,190,110 | € 2,682,373 | ▲ 22% |
| Balance sheet total | € 5,515,703 | € 5,679,255 | € 5,891,973 | € 6,476,236 | ▲ 10% |
Key figures of VMI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VMI?
What happened at VMI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hervé KEPPENNE stepped down as director. NBB
- Olivier KEPPENNE stepped down as director. NBB
- Alfred KEPPENNE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 229,362 (▼ 19% vs 2024). filed late Source: NBB ↗
- Hervé KEPPENNE became a director. NBB
- Olivier KEPPENNE became a director. NBB
- Alfred KEPPENNE became a director. NBB
- New establishment in Oreye. KBO
In short
From € 238,285 profit in 2022 to € 229,362 profit in 2025.
Paid € 525,589 in corporate taxes since 2022.
Best year ever: 2024, with € 282,666 profit.
Paid out € 653,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Hervé KEPPENNE
Director
since 2023 · until 2029
Olivier KEPPENNE
Director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Chaussée Romaine 79
4360 Oreye
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
VERIXI, BE
Website info
Features
Security
Details
- Company number
- 0438.252.334
- VAT number
- BE 0438.252.334
- Registered office
- Chaussée Romaine 79, 4360 Oreye
- Names & denominations
- VMI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 1989
- Peppol
- Active · Active since 6 Nov 2025
- Contact
- immovmi.be [email protected]
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw