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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VLERICK VASTGOED from Kortrijk, company number BE0455168243, closed financial year 2025 with a result of € 3.1 million after tax. For that financial year VLERICK VASTGOED recorded a gross margin of € 958,865 and equity of € -7.8 million. Compared with financial year 2024, the result moved from € -353,101 to € 3.1 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -7.8 million
▲ € 3.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
▲ still € 353,101 loss in 2024
Profit after tax over the fiscal year.
€ 8,168
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -35.8 million.
People and assets in 2025
0.9
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 114,813
▲ 16% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 8.6 million
▼ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 95,576
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,982
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 376,557 | € 795,425 | € 500,486 | € 958,865 | ▲ 92% |
| Profit after taxes | € 164,673 | € 41,521 | € -353,101 | € 3,136,551 | ▲ € 3.5 million |
| Equity | € -10,640,970 | € -10,599,449 | € -10,952,550 | € -7,815,999 | ▲ € 3.1 million |
| Total debts | € 31,016,299 | € 31,123,467 | € 30,889,944 | € 29,810,564 | ▼ 3% |
| Cash | € 7,009 | € 14,133 | € 8,082 | € 8,168 | ▲ 1% |
| Land & buildings | € 3,268,534 | € 3,268,064 | € 3,267,431 | € 3,266,960 | |
| Retained profit | € -38,589,010 | € -38,547,489 | € -38,900,590 | € -35,764,039 | ▲ € 3.1 million |
| Bank debt | € 9,920,000 | € 9,571,327 | € 9,000,000 | € 8,624,625 | ▼ 4% |
| Balance sheet total | € 20,375,329 | € 20,524,018 | € 19,937,395 | € 21,994,565 | ▲ 10% |
| Employees (FTE) | 0.7 | 0.7 | 0.7 | 0.9 | ▲ 0.2 |
Key figures of VLERICK VASTGOED, 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 VLERICK VASTGOED?
What happened at VLERICK VASTGOED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe VLERICK stepped down as director. NBB
- Cédric Van Quickenborne stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.1 million. Source: NBB ↗
- Isabelle VLERICK stepped down as director. NBB
- Philippe VLERICK became a director. NBB
- Isabelle VLERICK became a director. NBB
- Cédric Van Quickenborne became a director. NBB
- New establishment in Kortrijk. KBO
In short
From € 164,673 profit in 2022 to € 3.1 million profit in 2025.
Best year ever: 2025, with € 3.1 million profit.
A new publication or filing at VLERICK VASTGOED? 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
The stake of HERMES INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VLERICK VASTGOEDThe shares are held by HERMES INVEST (75%). It owns 80% of Carick, 50.1% of Avalone Company SA and 50% of Royal Land S.R.L. itself.
Directors
According to the 2025 annual accounts
Philippe VLERICK
Managing director
Also active at: BESIX Group, LVD COMPANY, Cecan, POINT, BELGIAN INTERNATIONAL CARPET C°, VOBIS FINANCE, MIDELCO, LVD - INVEST +8 more
since 2024 · until 2030
since 2023 · until 2029
since 2024 · until 2026
Shareholders
75%
Participations
Establishments
Establishment units
Physical locations of this company
Doorniksewijk(Kor) 49
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →B.M.H.
Belgo-Indian Chamber of Commerce and Industry
Cecan same network
€ -838,803 gross margin · 2025
VOBIS FINANCE same network
MIDELCO same network
€ 1.2 million revenue · 2025
+12 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
- 0455.168.243
- VAT number
- BE 0455.168.243
- Registered office
- Doorniksewijk(Kor) 49, 8500 Kortrijk
- Names & denominations
- VLERICK VASTGOED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 1995
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Overige gespecialiseerde bouwwerkzaamheden
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis