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 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VM - DM from Dendermonde, company number BE0470031811, closed financial year 2025 with a result of € 24,019 after tax. For that financial year VM - DM recorded a gross margin of € 85,666 and equity of € 209,086. Compared with financial year 2024, the result moved from € 49,175 to € 24,019. The company is profitable. The buffer shrank hard: equity is 61 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 4, 2025.
€ 209,086
▼ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,019
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 69,791
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 356,930 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 8,653
▲ 118% 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.
€ 5,710
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 98,902
▼ 15% vs 2024
€ 17,633 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 4,660
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,691
▼ 82% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,301 | € 83,453 | € 116,957 | € 85,666 | ▼ 27% |
| Profit after taxes | € 14,827 | € 21,556 | € 49,175 | € 24,019 | ▼ 51% |
| Equity | € 493,266 | € 514,822 | € 541,997 | € 209,086 | ▼ 61% |
| Total debts | € 182,898 | € 188,688 | € 159,660 | € 486,849 | ▲ 205% |
| Cash | € 390,572 | € 108,790 | € 62,217 | € 69,791 | ▲ 12% |
| Land & buildings | € 295,753 | € 258,912 | € 222,071 | € 185,230 | ▼ 17% |
| Retained profit | € 473,266 | € 494,822 | € 541,997 | € 209,086 | ▼ 61% |
| Dividend | € 0 | € 0 | € 2,000 | € 356,930 | ▲ € 354,930 |
| Bank debt | € 149,433 | € 132,975 | € 116,134 | € 98,902 | ▼ 15% |
| Balance sheet total | € 705,648 | € 729,397 | € 723,949 | € 714,632 | ▼ 1% |
Key figures of VM - DM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to VM - DM?
What happened at VM - DM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,019 (▼ 51% vs 2024). Source: NBB ↗
- Margriet Vertongen became a director. NBB
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
- Michiel De Munck became a director. NBB
In short
From € 14,827 profit in 2022 to € 24,019 profit in 2025.
Paid € 81,158 in corporate taxes since 2022.
Best year ever: 2024, with € 49,175 profit.
Paid out € 358,930 in dividends to the owners in total.
Management
Behind VM - DM are Margriet Vertongen and Michiel De Munck. The same people are also behind VERTONGEN-DE MUNCK.
Directors
According to the 2025 annual accounts
since 2023
since 2000
Establishments
Establishment units
Physical locations of this company
De Dammenlaan (DEN) 230
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
- 0470.031.811
- VAT number
- BE 0470.031.811
- Registered office
- De Dammenlaan (DEN) 230, 9200 Dendermonde
- Names & denominations
- VM - DM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2000
- Peppol
- Active · Active since 28 Aug 2023
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