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 62 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Vulpia Vlaanderen from Brasschaat, company number BE0521970559, closed financial year 2025 with a result of € 596,759 after tax. For that financial year Vulpia Vlaanderen recorded revenue of € 198.2 million and equity of € 617,922. Compared with financial year 2024, the result moved from € 6.9 million to € 596,759. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 617,922
▲ € 590,559 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 596,759
▼ 91% vs 2024
Profit after tax over the fiscal year.
€ 10.6 million
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
1,902.1
▲ 89.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 128.7 million
▲ 8% vs 2024
€ 67,600 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.
€ 3 million
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17.7 million
▲ 1% vs 2024
€ 4.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 7.6 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 32 days on average.
€ 35.3 million
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 121,916,250 | € 175,309,889 | € 189,377,878 | € 198,151,222 | ▲ 5% |
| Profit after taxes | € -3,096,068 | € 3,250,315 | € 6,852,825 | € 596,759 | ▼ 91% |
| Equity | € -8,153,917 | € -7,872,050 | € 27,363 | € 617,922 | ▲ € 590,559 |
| Total debts | € 67,386,493 | € 67,521,731 | € 68,764,927 | € 68,395,945 | ▼ 1% |
| Cash | € 5,784,683 | € 7,966,089 | € 14,148,013 | € 10,577,427 | ▼ 25% |
| Retained profit | € -8,160,117 | € -7,878,250 | € 21,163 | € 617,922 | ▲ € 596,759 |
| Bank debt | € 25,105,802 | € 20,024,011 | € 17,518,400 | € 17,715,030 | ▲ 1% |
| Balance sheet total | € 59,232,576 | € 59,649,681 | € 68,792,290 | € 69,013,868 | |
| Employees (FTE) | 1,500.8 | 1,730.5 | 1,812.5 | 1,902.1 | ▲ 89.6 |
Key figures of Vulpia Vlaanderen, fiscal years 2021 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 Vulpia Vlaanderen?
What happened at Vulpia Vlaanderen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 596,759 (▼ 91% vs 2024). Source: NBB ↗
- Lucas Van Moerzeke became a director. NBB
- Luc Van Moerzeke became a director. NBB
- New establishment in Lier. KBO
- New establishment in Kraainem. KBO
- New establishment in De Panne. KBO
- New establishment in Lierde. KBO
- New establishment in Stabroek. KBO
In short
From € 3.1 million loss in 2021 to € 596,759 profit in 2025.
Paid € 35,125 in corporate taxes since 2021.
Best year ever: 2024, with € 6.9 million profit.
Pays suppliers within 32 days on average.
A new publication or filing at Vulpia Vlaanderen? 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 Vulpia Care comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vulpia VlaanderenBehind Vulpia Vlaanderen are Lucas Van Moerzeke and Luc Van Moerzeke. The shares are held by Vulpia Care (97%).
Directors
According to the 2025 annual accounts
Lucas Van Moerzeke
Director
Also active at: SENSE INVEST, Sense Real Estate, SENSE PROPERTIES, VULPIA WALLONIE, Vulpia Premium Living, Sense Development, VULPIA BRUXELLES - BRUSSEL, RESIDENTIE DE LAAK +3 more
since 2023
Luc Van Moerzeke
Director
Owns 97% via Vulpia Care
Also active at: Le Douaire Invest, RESIDENCE QUENTIN, SENSE INVEST, Sense Real Estate, Green Tara Group, MONTERRY, SENSE PROPERTIES, DE WIELINGEN DEVELOPMENT +12 more
since 2023
Shareholders
Vulpia Care · holding of Luc Van Moerzeke
97%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ruiterijschool 6
2930 Brasschaat
Nieuwstraat 67
9660 Brakel
Active since 1 October 2016
Zoomlaan 1
1640 Sint-Genesius-Rode
Active since 1 October 2016
H. Moeremanslaan 8
1700 Dilbeek
Active since 1 July 2013
Waversesteenweg 365
3090 Overijse
Active since 1 July 2013
Evergemsesteenweg 151
9032 Gent
Active since 1 July 2013
Beverbekerdijk 7
3930 Hamont-Achel
Active since 1 July 2013
Heidestatiestraat (Heide) 32
2920 Kalmthout
Active since 1 July 2013
Abeelstraat 77
2800 Mechelen
Active since 1 July 2013
Grote Weide 2
2600 Antwerpen
Active since 1 July 2013
Halmolenweg 68
2980 Zoersel
Active since 1 July 2013
Excelsiorlaan 6
3500 Hasselt
Active since 1 July 2014
Zennebeemd 13-15
1620 Drogenbos
Active since 29 September 2014
Maurice Devriendtlaan 15
8370 Blankenberge
Active since 23 March 2015
Vrunstraat 15-17
3550 Heusden-Zolder
Active since 1 July 2015
Solvynsstraat 80
2018 Antwerpen
Active since 20 October 2014
Bergense Steenweg 909
1070 Anderlecht
Active since 1 December 2016
Hertogin van Brabantplein 27
3970 Leopoldsburg
Active since 22 February 2016
Nieuwe Kaai 5
2300 Turnhout
Active since 1 January 2016
Antoine Coppenslaan 33
2300 Turnhout
Active since 1 January 2016
Waversesteenweg 331
3090 Overijse
Active since 1 September 2016
Jan Hammeneckerlaan 4
3200 Aarschot
Active since 1 April 2016
Brugsevaart 3
9030 Gent
Active since 1 September 2016
Itegemse Steenweg 3
2270 Herenthout
Active since 1 July 2016
Stationsstraat 2A
3380 Glabbeek
Active since 1 April 2016
Astridlaan 93
1970 Wezembeek-Oppem
Active since 1 April 2016
Kerkstraat(BIN) 5
3211 Lubbeek
Active since 1 January 2017
Wissenstraat 22
3200 Aarschot
Active since 1 January 2017
Raeymaeckersvest 30
3300 Tienen
Active since 1 January 2017
Dorpsstraat 63
2940 Stabroek
Active since 1 December 2017
Tempel 20B-C
9572 Lierde
Active since 15 December 2017
Dynastielaan 42
8660 De Panne
Active since 1 October 2019
Steenweg op Brussel 304
1950 Kraainem
Active since 1 May 2021
Kazernedreef 22
2500 Lier
Active since 27 October 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
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+10 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
- 0521.970.559
- VAT number
- BE 0521.970.559
- Registered office
- Ruiterijschool 6, 2930 Brasschaat
- Names & denominations
- Vulpia Vlaanderen
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 14 February 2013
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Rust- en verzorgingstehuizen (RVT)
Rusthuizen voor ouderen (ROB)