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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VOGELAERS from Tervuren, company number BE0467183177, closed financial year 2025 with a result of € 5,953 after tax. For that financial year VOGELAERS recorded a gross margin of € 248,186 and equity of € 301,989. Compared with financial year 2024, the result moved from € -13,206 to € 5,953. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 301,989
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,953
▲ still € 13,206 loss in 2024
Profit after tax over the fiscal year.
€ 4,044
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 33,774 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 78,551
▼ 48% 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.
€ 87,016
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 11% vs 2024
€ 133,979 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 44,869
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,998
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 405,602 | € 310,100 | € 298,493 | € 248,186 | ▼ 17% |
| Profit after taxes | € 62,960 | € 26,629 | € -13,206 | € 5,953 | ▲ € 19,159 |
| Equity | € 335,346 | € 351,975 | € 329,810 | € 301,989 | ▼ 8% |
| Total debts | € 1,278,847 | € 1,345,215 | € 1,249,825 | € 1,122,815 | ▼ 10% |
| Cash | € 24,445 | € 29,858 | € 3,967 | € 4,044 | ▲ 2% |
| Land & buildings | € 1,450,732 | € 1,425,816 | € 1,357,524 | € 1,289,531 | ▼ 5% |
| Retained profit | € 315,346 | € 331,975 | € 307,810 | € 279,989 | ▼ 9% |
| Dividend | € 0 | € 10,000 | € 8,960 | € 33,774 | ▲ 277% |
| Bank debt | € 1,153,292 | € 1,223,177 | € 1,149,642 | € 1,025,702 | ▼ 11% |
| Balance sheet total | € 1,614,193 | € 1,697,190 | € 1,579,635 | € 1,424,804 | ▼ 10% |
| Employees (FTE) | 5 | - | - | - |
Key figures of VOGELAERS, 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 VOGELAERS?
What happened at VOGELAERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,953. filed late Source: NBB ↗
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,960 profit in 2022 to € 5,953 profit in 2025.
Paid € 46,718 in corporate taxes since 2022.
Best year ever: 2022, with € 62,960 profit.
On average € 81,100 of value added per employee in 2022.
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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
Behind VOGELAERS are Kathleen Blommaerts and Jaak Vogelaers.
Directors
According to the 2025 annual accounts
Kathleen Blommaerts
Manager
Jaak Vogelaers
Manager
Establishments
Establishment units
Physical locations of this company
Smisstraat 7
3080 Tervuren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.183.177
- VAT number
- BE 0467.183.177
- Registered office
- Smisstraat 7, 3080 Tervuren
- Names & denominations
- VOGELAERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 October 1999
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Artisanale brood- en banketbakkerijen
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Detailhandel in brood-, banketbakkerswerk en suikerwerk