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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VERTONGEN-DE MUNCK from Dendermonde, company number BE0446316004, closed financial year 2025 with a result of € 29,145 after tax. For that financial year VERTONGEN-DE MUNCK recorded a gross margin of € 231,498 and equity of € 71,917. Compared with financial year 2024, the result moved from € 41,595 to € 29,145. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 71,917
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,145
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 140,409
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 46,905 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
2.7
Average over the fiscal year, from the social balance sheet.
€ 162,749
▲ 1% vs 2024
€ 60,300 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.
€ 16,788
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 68,308
▼ 23% vs 2024
€ 14,561 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 91,050
▲ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,500
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 185,928 | € 249,040 | € 283,135 | € 231,498 | ▼ 18% |
| Profit after taxes | € -54 | € 31,177 | € 41,595 | € 29,145 | ▼ 30% |
| Equity | € 118,913 | € 90,137 | € 89,677 | € 71,917 | ▼ 20% |
| Total debts | € 428,243 | € 429,531 | € 350,662 | € 333,760 | ▼ 5% |
| Cash | € 182,492 | € 183,114 | € 143,174 | € 140,409 | ▼ 2% |
| Land & buildings | € 122,096 | € 69,209 | € 16,323 | € 4,149 | ▼ 75% |
| Retained profit | € 100,313 | € 71,537 | € 89,677 | € 71,917 | ▼ 20% |
| Dividend | € 1,600 | € 59,953 | € 23,455 | € 46,905 | ▲ 100% |
| Bank debt | € 190,006 | € 137,941 | € 89,101 | € 68,308 | ▼ 23% |
| Balance sheet total | € 547,156 | € 519,668 | € 440,339 | € 405,677 | ▼ 8% |
| Employees (FTE) | 2.4 | 2.4 | 2.7 | 2.7 |
Key figures of VERTONGEN-DE MUNCK, 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 VERTONGEN-DE MUNCK?
What happened at VERTONGEN-DE MUNCK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,145 (▼ 30% vs 2024). Source: NBB ↗
- Michiel De Munck became a director. NBB
- Margriet Vertongen became a director. NBB
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
In short
From € 54 loss in 2022 to € 29,145 profit in 2025.
Paid € 48,991 in corporate taxes since 2022.
Best year ever: 2024, with € 41,595 profit.
On average € 85,700 of value added per employee in 2025.
Management
Behind VERTONGEN-DE MUNCK are Margriet Vertongen and Michiel De Munck. The same people are also behind VM - DM.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 40
9200 Dendermonde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.316.004
- VAT number
- BE 0446.316.004
- Registered office
- Mechelsesteenweg 40, 9200 Dendermonde
- Names & denominations
- VERTONGEN-DE MUNCK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 1992
- Peppol
- Active · Active since 29 Aug 2023
- Activities · NACE
Detailhandel in farmaceutische producten
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