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 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VZN from Geetbets, company number BE0476696503, closed financial year 2025 with a result of € 14,031 after tax. For that financial year VZN recorded a gross margin of € 47,832 and equity of € -179,032. Compared with financial year 2024, the result moved from € 22,417 to € 14,031. The company is profitable. 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 May 5, 2026.
€ -179,032
▲ € 14,031 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,031
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 4,684
▼ 34% 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 € -240,532.
People and assets in 2025
€ 2,189
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 58,333
▼ 36% vs 2024
€ 33,333 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,291
▲ € 1,169 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 285
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 | € 44,540 | € 37,871 | € 53,916 | € 47,832 | ▼ 11% |
| Profit after taxes | € 5,768 | € -4,498 | € 22,417 | € 14,031 | ▼ 37% |
| Equity | € -210,982 | € -215,480 | € -193,063 | € -179,032 | ▲ € 14,031 |
| Total debts | € 398,555 | € 333,684 | € 299,580 | € 280,668 | ▼ 6% |
| Cash | € 11,722 | € 10,908 | € 7,071 | € 4,684 | ▼ 34% |
| Land & buildings | € 116,718 | € 95,285 | € 73,918 | € 75,019 | ▲ 1% |
| Retained profit | € -272,482 | € -276,980 | € -254,563 | € -240,532 | ▲ € 14,031 |
| Bank debt | € 158,333 | € 125,000 | € 91,667 | € 58,333 | ▼ 36% |
| Balance sheet total | € 187,573 | € 118,204 | € 106,518 | € 101,637 | ▼ 5% |
Key figures of VZN, 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 VZN?
What happened at VZN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Paulus stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14,031 (▼ 37% vs 2024). Source: NBB ↗
- Luc Paulus became a director. NBB
- New establishment in Geetbets. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,768 profit in 2022 to € 14,031 profit in 2025.
Paid € 2 in corporate taxes since 2022.
Best year ever: 2024, with € 22,417 profit.
Management
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Lutzestraat 56
3454 Geetbets
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0476.696.503
- VAT number
- BE 0476.696.503
- Registered office
- Lutzestraat 56, 3454 Geetbets
- Names & denominations
- VZN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2002
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
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