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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 121.6 to 89.5.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VML Belgium from Antwerpen, company number BE0474139661, closed financial year 2025 with a result of € -575,301 after tax. For that financial year VML Belgium recorded revenue of € 21 million and equity of € 7.9 million. Compared with financial year 2024, the result moved from € -33,260 to € -575,301. The company made a loss. 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 September 4, 2026.
€ 7.9 million
▲ 68% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -575,301
▼ 1630 % more loss than in 2024
Profit after tax over the fiscal year.
€ 210,285
▲ € 205,490 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.5 million.
People and assets in 2025
89.5
▼ 8.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.1 million
▼ 3% vs 2024
€ 90,200 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.
€ 49,782
▼ 25% 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.
€ 2.6 million
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 861,390
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,881,967 | € 21,469,341 | € 22,418,695 | € 21,021,796 | ▼ 6% |
| Profit after taxes | € 486,322 | € -3,784,381 | € -33,260 | € -575,301 | ▼ € 542,041 |
| Equity | € 8,535,796 | € 4,751,415 | € 4,718,155 | € 7,942,078 | ▲ 68% |
| Total debts | € 11,769,337 | € 11,673,809 | € 7,272,622 | € 5,543,579 | ▼ 24% |
| Cash | € 178,133 | € 162,586 | € 4,795 | € 210,285 | ▲ € 205,490 |
| Retained profit | € 5,210,796 | € 1,426,415 | € 1,393,155 | € 4,499,329 | ▲ 223% |
| Balance sheet total | € 20,305,133 | € 16,425,224 | € 11,990,777 | € 13,485,657 | ▲ 12% |
| Employees (FTE) | 132.3 | 121.6 | 98 | 89.5 | ▼ 8.5 |
Key figures of VML Belgium, 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 VML Belgium?
What happened at VML Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Manuel Segimon de Manzano stepped down as director. NBB
- Antelion BV stepped down as director. NBB
- Happily Ever After BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 575,301. filed late Source: NBB ↗
- Manuel Segimon de Manzano became a director. NBB
- Antelion BV became a director. NBB
- Happily Ever After BV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 486,322 profit in 2022 to € 575,301 loss in 2025.
Paid € 507,850 in corporate taxes since 2022.
Best year ever: 2022, with € 486,322 profit.
Pays suppliers within 66 days on average.
Management
The shares are held by Berkley Square Holding BV (100%).
Directors
According to the 2025 annual accounts
Manuel Segimon de Manzano
Director
since 2021 · until 2027
Director · represented by Giovanni Canini
Also active at: Wunderman Thompson Brussels, Cavolini of Antwerp
since 2021 · until 2027
Director · represented by Erwin Jansen
Also active at: JWT, THE HIVE BELGIUM, Wunderman Thompson Brussels, JAPANTWERP
since 2021 · until 2027
Shareholders
Berkley Square Holding BV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Generaal Lemanstraat 47 box 2
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Jaguar Land Rover Belux
€ 474.3 million revenue · 2026
Burando Barging & Rail Belgium
€ 2.3 million gross margin · 2025
SKIMMO
€ 36,365 gross margin · 2025
ANTONISSEN DEVELOPMENT PROJECT
€ 378 revenue · 2025
ANTONISSEN PROJECT MANAGEMENT
€ -331,123 gross margin · 2025
+24 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
- 0474.139.661
- VAT number
- BE 0474.139.661
- Registered office
- Generaal Lemanstraat 47 bus 2, 2018 Antwerpen
- Names & denominations
- VML Belgium · “VML Belgium” – “VML Antwerp” – “VML Brussels”- “StudioX” - “Studio X ”
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2001
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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