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 63 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
V.S.F. from Wetteren, company number BE0453510632, closed financial year 2025 with a result of € 14,825 after tax. For that financial year V.S.F. recorded a gross margin of € 138,423 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 31,805 to € 14,825. The company is profitable. 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 July 7, 2026.
€ 1.9 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,825
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 48,508
▼ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 705 paid out
5 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 42,825
▲ € 40,870 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,768
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,424
▲ 60% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 113,425 | € 136,947 | € 147,536 | € 138,423 | ▼ 6% |
| Profit after taxes | € 3,289 | € 16,569 | € 31,805 | € 14,825 | ▼ 53% |
| Equity | € 1,874,462 | € 1,890,326 | € 1,921,426 | € 1,935,546 | ▲ 1% |
| Total debts | € 145,173 | € 112,234 | € 98,296 | € 97,970 | |
| Cash | € 372,166 | € 10,968 | € 285,023 | € 48,508 | ▼ 83% |
| Land & buildings | € 1,781,386 | € 1,683,349 | € 1,588,475 | € 2,050,324 | ▲ 29% |
| Retained profit | € 1,454,462 | € 1,470,326 | € 1,501,426 | € 1,515,546 | ▲ 1% |
| Dividend | € 800 | € 705 | € 705 | € 705 | |
| Bank debt | € 45,000 | € 15,000 | € 0 | € 0 | |
| Balance sheet total | € 2,162,915 | € 2,138,258 | € 2,147,838 | € 2,154,050 |
Key figures of V.S.F., 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.F.?
What happened at V.S.F. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,825 (▼ 53% vs 2024). Source: NBB ↗
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,289 profit in 2022 to € 14,825 profit in 2025.
Paid € 50,704 in corporate taxes since 2022.
Best year ever: 2024, with € 31,805 profit.
Paid out € 2,915 in dividends to the owners in total.
A new publication or filing at V.S.F.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Filip Steenhaut
Director
Establishments
Establishment units
Physical locations of this company
Zuidlaan 48/2
9230 Wetteren
Zuidlaan 48
9230 Wetteren
Active since 25 October 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0453.510.632
- VAT number
- BE 0453.510.632
- Registered office
- Zuidlaan 48/2, 9230 Wetteren
- Names & denominations
- V.S.F.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 September 1994
- Peppol
- Not registered