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 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VF Capital from Lubbeek, company number BE0542579495, closed financial year 2025 with a result of € 20.4 million after tax. Compared with financial year 2024, the result moved from € 30.4 million to € 20.4 million. The company is profitable. 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 July 7, 2026.
€ 462.8 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20.4 million
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 5 million paid out
25 % of the profit went to the shareholders, mostly to Dr. Ir. U. Vandeurzen Management Firm (100 % of the shares). That is where the money ends up.
Debts at end 2025
€ 2.3 million
▼ 34% vs 2024
Loans from banks and other lenders, long and short.
€ 54,465
▲ 136% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 22 days on average.
€ 815,608
▲ € 765,989 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 | |
|---|---|---|---|---|---|
| Profit after taxes | € 27,069,954 | € 17,875,806 | € 30,442,567 | € 20,388,583 | ▼ 33% |
| Equity | € 409,690,641 | € 423,566,447 | € 447,444,071 | € 462,832,654 | ▲ 3% |
| Total debts | € 6,177,808 | € 7,809,398 | € 8,724,135 | € 8,359,272 | ▼ 4% |
| Cash | € 86,395,202 | € 4,144,139 | € 9,118,436 | € 2,047,940 | ▼ 78% |
| Retained profit | € 408,690,641 | € 422,566,447 | € 446,444,071 | € 461,832,654 | ▲ 3% |
| Dividend | € 2,000,000 | € 4,000,000 | € 5,000,000 | € 5,000,000 | |
| Bank debt | € 3,481,068 | € 3,488,369 | € 3,476,751 | € 2,304,939 | ▼ 34% |
| Balance sheet total | € 415,868,449 | € 431,375,845 | € 456,168,206 | € 471,191,926 | ▲ 3% |
Key figures of VF Capital, 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 VF Capital?
What happened at VF Capital in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jacqueline Maes stepped down as director. NBB
- Katrien Vandeurzen stepped down as director. NBB
- Bert Vandeurzen stepped down as director. NBB
- Urbanus Vandeurzen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 20.4 million (▼ 33% vs 2024). Source: NBB ↗
- Jacqueline Maes became a director. NBB
- Katrien Vandeurzen became a director. NBB
- Bert Vandeurzen became a director. NBB
In short
From € 27.1 million profit in 2022 to € 20.4 million profit in 2025.
Paid € 6.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 30.4 million profit.
Paid out € 16 million in dividends to the owners in total.
Management
The shares are held by Dr. Ir. U. Vandeurzen Management Firm (100%). It owns 100% of VMF Luxembourg, 100% of Smile Invest Management Company, 100% of Di Legno Interiors, 50% of MIVXBuilding, 50% of VMF Spain and 38.9% of Cuvee Prestige itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2025 · until 2031
Bert Vandeurzen
Director
Also active at: Terlamen, DR. IR. U. VANDEURZEN MANAGEMENT FIRM, FM-A INVEST, DI LEGNO INTERIORS, ALDEA CONSTRUCT, MEPLIS, VF Wineries, HARMONEY +4 more
since 2025 · until 2031
Urbanus Vandeurzen
Managing director
Also active at: DR. IR. U. VANDEURZEN MANAGEMENT FIRM, DI LEGNO INTERIORS, MEPLIS, miDiagnostics, VF Wineries, Smile Invest, Smile Invest Management Company, MEIDAO
since 2025 · until 2031
Shareholders
Participations
100%
100%
50%
VMF Spain
50%
Cuvee Prestige
38.9%
35.5%
26.9%
22.4%
13.1%
Establishments
Establishment units
Physical locations of this company
Diestsesteenweg(LIN) 31
3210 Lubbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →DR. IR. U. VANDEURZEN MANAGEMENT FIRM same network
€ 359,917 revenue · 2025
FM-A INVEST same network
€ 981,419 gross margin · 2025
VF Wineries same network
€ 432,716 gross margin · 2025
Eenheid VF
miVXBuilding same network
€ -29,346 gross margin · 2025
+3 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
- 0542.579.495
- VAT number
- BE 0542.579.495
- Registered office
- Diestsesteenweg(LIN) 31, 3210 Lubbeek
- Names & denominations
- VF Capital
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 2013
- Peppol
- Active · Active since 21 Oct 2026