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 38 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 2 to 1.3.
-
Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Vectis Partners from Aalter, company number BE0548714548, closed financial year 2025 with a result of € 629,011 after tax. For that financial year Vectis Partners recorded a gross margin of € 992,525 and equity of € 1,105. Compared with financial year 2024, the result moved from € 634,829 to € 629,011. The company is profitable. The buffer shrank hard: equity is 100 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 18, 2026.
€ 1,105
▼ € 732,324 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 629,011
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 80,126
▼ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
1.3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 81,940
▼ 33% vs 2024
€ 63,000 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.
€ 49,531
▼ 33% 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.
€ 34,078
▲ 192% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,704
▲ 109% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,126,209 | € 1,027,829 | € 1,062,834 | € 992,525 | ▼ 7% |
| Profit after taxes | € 702,090 | € 596,383 | € 634,829 | € 629,011 | ▼ 1% |
| Equity | € 816,717 | € 705,600 | € 733,429 | € 1,105 | ▼ € 732,324 |
| Total debts | € 131,765 | € 126,122 | € 28,596 | € 683,781 | ▲ € 655,186 |
| Cash | € 364,342 | € 180,893 | € 205,786 | € 80,126 | ▼ 61% |
| Land & buildings | € 375,056 | € 333,726 | € 298,258 | € 256,788 | ▼ 14% |
| Retained profit | € 796,717 | € 685,600 | € 713,429 | € 440 | ▼ € 712,989 |
| Dividend | € 0 | € 700,000 | € 600,000 | € 1,342,000 | ▲ 124% |
| Balance sheet total | € 948,482 | € 831,722 | € 762,025 | € 684,886 | ▼ 10% |
| Employees (FTE) | 1.5 | 2 | 1.6 | 1.3 | ▼ 0.3 |
Key figures of Vectis Partners, 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 Vectis Partners?
What happened at Vectis Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 629,011 (▼ 1% vs 2024). Source: NBB ↗
- Alain Grillaert became a director. NBB
- Lieven Coen became a director. NBB
- Stefaan Vanquaethem became a director. NBB
- Walter Beyen became a director. NBB
- New establishment in Aalter. KBO
- Start of the company according to the CBE. KBO
In short
From € 702,090 profit in 2022 to € 629,011 profit in 2025.
Paid € 893,163 in corporate taxes since 2022.
Best year ever: 2022, with € 702,090 profit.
On average € 763,500 of value added per employee in 2025.
Management
Behind Vectis Partners are Alain Grillaert, Lieven Coen, Stefaan Vanquaethem and Walter Beyen. Alain Grillaert is also behind BOESMANSKOP, Pegase Travel, PATER PATRIAE, Oxygen and Exclusive Destinations Travel. Lieven Coen is also behind CONXION, COBRIN, WESTSYS, SHARECOM and VECTIS PRIVATE EQUITY III ARKIV. Stefaan Vanquaethem is also behind CONXION, COVANCO, The Searchers, VECTIS PRIVATE EQUITY III ARKIV and VD Pro Hold. Walter Beyen is also behind WICON, BENECHEM, VECTIS PRIVATE EQUITY III ARKIV, PROVEC and Vectis Private Equity IV.
Directors
According to the 2025 annual accounts
Alain Grillaert
Managing director
Also active at: BOESMANSKOP, Pegase Travel, PATER PATRIAE, Oxygen, Exclusive Destinations Travel, VM Workwear Group, Doornroosje Bis
since 2021
Lieven Coen
Managing director
Also active at: CONXION, COBRIN, WESTSYS, SHARECOM, VECTIS PRIVATE EQUITY III ARKIV, PIBIOC, PROVEC, ARBAHOLD
since 2016
Stefaan Vanquaethem
Managing director
Also active at: CONXION, COVANCO, The Searchers, VECTIS PRIVATE EQUITY III ARKIV, VD Pro Hold, Essaho, SalixCo, VECTIS BEHEER +3 more
since 2016
Walter Beyen
Managing director
Also active at: WICON, BENECHEM, VECTIS PRIVATE EQUITY III ARKIV, PROVEC, Vectis Private Equity IV, Essaho, VECTIS PARTICIPATIES II, VECTIS ARKIV +6 more
since 2016
Establishments
Establishment units
Physical locations of this company
Stratem 11 box 2
9880 Aalter
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →VECTIS PRIVATE EQUITY III ARKIV same network
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€ 831,340 revenue · 2025
Nespico
+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
- 0548.714.548
- VAT number
- BE 0548.714.548
- Registered office
- Stratem 11 bus 2, 9880 Aalter
- Names & denominations
- Vectis Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 March 2014
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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