What is the address of VF Capital?

The registered office of VF Capital is located at Diestsesteenweg(LIN) 31, 3210 Lubbeek.

Is VF Capital still active?

Yes. According to the CBE (29 October 2026) VF Capital is active, legal situation “Normale toestand”, started on 22 November 2013.

Is VF Capital registered on Peppol?

Yes, VF Capital is registered on the Peppol network with ID 0208:0542579495.

What is the enterprise number of VF Capital?

The enterprise number of VF Capital is BE0542579495.

When was VF Capital founded?

VF Capital was founded on 22 November 2013.

Who are the directors of VF Capital?

According to the 2025 annual accounts, the directors of VF Capital are: Jacqueline Maes, Katrien Vandeurzen, Bert Vandeurzen, Urbanus Vandeurzen.

Is VF Capital a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 November 2013; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did VF Capital make in 2025?

VF Capital posted a profit after taxes of € 20,388,583 in financial year 2025.

VF Capital (Public Limited) - Lubbeek - BE0542579495

Dossier VF Capital, printed on 29 October 2026 from databakkes.be/en/0542579495/vf-capital. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.

What it is worth Growing

€ 462.8 million

▲ 3% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 20.4 million

▼ 33% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2 million

▼ 78% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 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

Bank debt

€ 2.3 million

▼ 34% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 54,465

▲ 136% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 22 days on average.

Taxes

€ 815,608

▲ € 765,989 vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Profit after taxes	€ 27,069,954 Profit after taxes 2022: € 27,069,954 First fiscal year in the series	€ 17,875,806 Profit after taxes 2023: € 17,875,806 ▼ 34% vs 2022 (€ 27,069,954) Unfavourable step	€ 30,442,567 Profit after taxes 2024: € 30,442,567 ▲ 70% vs 2023 (€ 17,875,806) Favourable step	€ 20,388,583 Profit after taxes 2025: € 20,388,583 ▼ 33% vs 2024 (€ 30,442,567) Unfavourable step	▼ 33%
Equity	€ 409,690,641 Equity 2022: € 409,690,641 First fiscal year in the series	€ 423,566,447 Equity 2023: € 423,566,447 ▲ 3% vs 2022 (€ 409,690,641) Favourable step	€ 447,444,071 Equity 2024: € 447,444,071 ▲ 6% vs 2023 (€ 423,566,447) Favourable step	€ 462,832,654 Equity 2025: € 462,832,654 ▲ 3% vs 2024 (€ 447,444,071) Favourable step	▲ 3%
Total debts	€ 6,177,808 Total debts 2022: € 6,177,808 First fiscal year in the series	€ 7,809,398 Total debts 2023: € 7,809,398 ▲ 26% vs 2022 (€ 6,177,808) Unfavourable step	€ 8,724,135 Total debts 2024: € 8,724,135 ▲ 12% vs 2023 (€ 7,809,398) Unfavourable step	€ 8,359,272 Total debts 2025: € 8,359,272 ▼ 4% vs 2024 (€ 8,724,135) Favourable step	▼ 4%
Cash	€ 86,395,202 Cash 2022: € 86,395,202 First fiscal year in the series	€ 4,144,139 Cash 2023: € 4,144,139 ▼ 95% vs 2022 (€ 86,395,202) Unfavourable step	€ 9,118,436 Cash 2024: € 9,118,436 ▲ 120% vs 2023 (€ 4,144,139) Favourable step	€ 2,047,940 Cash 2025: € 2,047,940 ▼ 78% vs 2024 (€ 9,118,436) Unfavourable step	▼ 78%
Retained profit	€ 408,690,641 Retained profit 2022: € 408,690,641 First fiscal year in the series	€ 422,566,447 Retained profit 2023: € 422,566,447 ▲ 3% vs 2022 (€ 408,690,641) Favourable step	€ 446,444,071 Retained profit 2024: € 446,444,071 ▲ 6% vs 2023 (€ 422,566,447) Favourable step	€ 461,832,654 Retained profit 2025: € 461,832,654 ▲ 3% vs 2024 (€ 446,444,071) Favourable step	▲ 3%
Dividend	€ 2,000,000 Dividend 2022: € 2,000,000 First fiscal year in the series	€ 4,000,000 Dividend 2023: € 4,000,000 ▲ 100% vs 2022 (€ 2,000,000) Unchanged	€ 5,000,000 Dividend 2024: € 5,000,000 ▲ 25% vs 2023 (€ 4,000,000) Unchanged	€ 5,000,000 Dividend 2025: € 5,000,000 Unchanged (€ 5,000,000) Unchanged
Bank debt	€ 3,481,068 Bank debt 2022: € 3,481,068 First fiscal year in the series	€ 3,488,369 Bank debt 2023: € 3,488,369 Unchanged (€ 3,481,068) Unfavourable step	€ 3,476,751 Bank debt 2024: € 3,476,751 Unchanged (€ 3,488,369) Favourable step	€ 2,304,939 Bank debt 2025: € 2,304,939 ▼ 34% vs 2024 (€ 3,476,751) Favourable step	▼ 34%
Balance sheet total	€ 415,868,449 Balance sheet total 2022: € 415,868,449 First fiscal year in the series	€ 431,375,845 Balance sheet total 2023: € 431,375,845 ▲ 4% vs 2022 (€ 415,868,449) Unchanged	€ 456,168,206 Balance sheet total 2024: € 456,168,206 ▲ 6% vs 2023 (€ 431,375,845) Unchanged	€ 471,191,926 Balance sheet total 2025: € 471,191,926 ▲ 3% vs 2024 (€ 456,168,206) Unchanged	▲ 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:

2031 Jacqueline Maes stepped down as director. NBB
2031 Katrien Vandeurzen stepped down as director. NBB
2031 Bert Vandeurzen stepped down as director. NBB
2031 Urbanus Vandeurzen stepped down as director. NBB
Jul 7, 2026 New annual accounts for financial year 2025: profit of € 20.4 million (▼ 33% vs 2024). Source: NBB ↗
2025 Jacqueline Maes became a director. NBB
2025 Katrien Vandeurzen became a director. NBB
2025 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.

Original PDFs at the National Bank ↗

Management

Dr. Ir. U. Vandeurzen Management Firm 100%

VF Capital

VMF Luxembourg 100%

Smile Invest Management Company 100%

Di Legno Interiors 100%

MIVXBuilding 50%

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.