Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VYTECH MENEN from Menen, company number BE0452502525, closed financial year 2025 with a result of € -4.4 million after tax. For that financial year VYTECH MENEN recorded revenue of € 13.4 million and equity of € 1.8 million. Compared with financial year 2024, the result moved from € -617,831 to € -4.4 million. 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 July 7, 2026.
€ 1.8 million
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.4 million
▼ 611 % more loss than in 2024
Profit after tax over the fiscal year.
€ 829,435
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.4 million.
People and assets in 2025
76.1
▼ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.9 million
▼ 4% vs 2024
€ 77,800 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.
€ 2.7 million
▼ 13% vs 2024
Of which on lease € 2.4 million.
Debts at end 2025
€ 4.9 million
▼ 25% vs 2024
€ 791,518 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2 million
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 118 days on average.
€ 738,920
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 13,410,431 | |
| Gross margin | € 6,710,611 | € 7,003,825 | € 7,173,033 | - | |
| Profit after taxes | € 401,838 | € -485,079 | € -617,831 | € -4,392,859 | ▼ € 3.8 million |
| Equity | € 4,485,308 | € 4,000,229 | € 3,382,398 | € 1,817,990 | ▼ 46% |
| Total debts | € 11,916,891 | € 12,717,708 | € 11,687,833 | € 9,251,339 | ▼ 21% |
| Cash | € 381,356 | € 954,671 | € 693,712 | € 829,435 | ▲ 20% |
| Land & buildings | € 1,077,122 | € 1,068,073 | € 1,025,875 | € 959,762 | ▼ 6% |
| Retained profit | € 3,085,308 | € 2,600,229 | € 1,982,398 | € -2,410,461 | ▼ € 4.4 million |
| Bank debt | € 8,655,736 | € 8,309,476 | € 6,492,751 | € 4,899,233 | ▼ 25% |
| Balance sheet total | € 16,677,240 | € 16,994,402 | € 15,329,164 | € 11,310,731 | ▼ 26% |
| Employees (FTE) | 82.6 | 79.6 | 79.6 | 76.1 | ▼ 3.5 |
Key figures of VYTECH MENEN, 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 VYTECH MENEN?
What happened at VYTECH MENEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4.4 million. Source: NBB ↗
- VCP GP BV became a director. NBB
- Vybros Capital Partners BV became a director. NBB
- Vybros NV stepped down as director. NBB
- Vybros Invest BV stepped down as director. NBB
- Vytech Group NV became a director. NBB
- Vybros NV became a director. NBB
- Vybros Invest BV became a director. NBB
In short
From € 401,838 profit in 2022 to € 4.4 million loss in 2025.
Paid € 420,746 in corporate taxes since 2022.
Best year ever: 2022, with € 401,838 profit.
On average € 90,100 of value added per employee in 2024.
Management
The stake of IMMAN L4 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VYTECH MENENBehind VYTECH MENEN are VCP GP BV, Vytech Group NV and Vybros Capital Partners BV. The shares are held by IMMAN L4 (100%). It owns 100% of Vytech Duffel BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Kristof Dockers
Also active at: LUDO, KONTRIMO, OBEN RENTING EN SERVICE, LAMBRECHTS KONSTRUKTIE, ALLE BOUW MACHINES, BELFI, Oben Building Machines, VIP Scaffolding +42 more
since 2025
Director · represented by Bart Dhaene
Also active at: VERMA ENGINEERING, VYTECH DUFFEL, IMMAN L4, VISCON GROUP BE, SUBMENTUM, VISCON BE, Vytim, VYKROME IMMO +6 more
since 2022
Director · represented by Stijn Nauts
Also active at: LUDO, JAGA, VERMA ENGINEERING, ALLE BOUW MACHINES, VYTECH DUFFEL, IMMAN L4, INTERMAT, VISCON GROUP BE +24 more
since 2025
Director · represented by Guy Vande Vyvere
Also active at: Vybros Real Estate, VYTECH DUFFEL, IMMAN L4, Maes Inox, Vybros Invest, Vyman, Vinsurance, Vydraulics +12 more
since 2022 · until 2025
Director · represented by Stijn Nauts
Also active at: LUDO, Antwerp Warehousing Investment, LAMBRECHTS KONSTRUKTIE, BELFI, VYTECH DUFFEL, IMMAN L4, Maes Inox, BOSSUYT GROOTKEUKEN +20 more
since 2022 · until 2025
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Krommebeekstraat 15
8930 Menen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0452.502.525
- VAT number
- BE 0452.502.525
- Registered office
- Krommebeekstraat 15, 8930 Menen
- Names & denominations
- VYTECH MENEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1994
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van machines voor de productie van textiel, kleding en leer
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw
Groothandel in machines voor mijnbouw, de bouwnijverheid en de weg- en waterbouw
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Onderhoud en reparatie van auto's
+1