Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 54 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Vital Materials Europe from Leuven, company number BE0558854117, closed financial year 2024 with a result of € 252,240 after tax. For that financial year Vital Materials Europe recorded a gross margin of € 531,145 and equity of € -731,453. Compared with financial year 2023, the result moved from € -586,346 to € 252,240. Profitable, and profit is growing. 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 September 19, 2025.
€ -731,453
▲ € 252,240 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 252,240
▲ still € 586,346 loss in 2023
Profit after tax over the fiscal year.
€ 108,956
▼ 73% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -750,053.
People and assets in 2024
1
Average over the fiscal year, from the social balance sheet.
€ 86,574
▲ 29% vs 2023
€ 86,600 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.
Debts at end 2024
€ 450,000
Loans from banks and other lenders, long and short.
€ 2.6 million
▼ 5% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 17,896
▲ 10% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 773,984 | € -18,364 | € -445,654 | € 531,145 | ▲ € 976,799 |
| Profit after taxes | € 675,162 | € -156,823 | € -586,346 | € 252,240 | ▲ € 838,587 |
| Equity | € -240,524 | € -397,347 | € -983,693 | € -731,453 | ▲ € 252,240 |
| Total debts | € 3,224,046 | € 3,278,307 | € 5,975,914 | € 5,612,009 | ▼ 6% |
| Cash | € 40,593 | € 608,801 | € 402,315 | € 108,956 | ▼ 73% |
| Retained profit | € -259,124 | € -415,947 | € -1,002,293 | € -750,053 | ▲ € 252,240 |
| Bank debt | € 450,000 | € 453,404 | € 450,000 | € 450,000 | |
| Balance sheet total | € 2,983,522 | € 2,880,960 | € 4,992,221 | € 4,880,556 | ▼ 2% |
| Employees (FTE) | 0.7 | 1 | 1 | 1 |
Key figures of Vital Materials Europe, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Vital Materials Europe?
What happened at Vital Materials Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 252,240. filed late Source: NBB ↗
- Jan Mil Pol Vermeylen became a director. NBB
- Shihui Zhu became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 675,162 profit in 2021 to € 252,240 profit in 2024.
Paid € 511 in corporate taxes since 2021.
Best year ever: 2021, with € 675,162 profit.
On average € 531,100 of value added per employee in 2024.
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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
Behind Vital Materials Europe are Shihui Zhu and Jan Mil Pol Vermeylen.
Directors
According to the 2024 annual accounts
Shihui Zhu
Director
since 2014
Jan Mil Pol Vermeylen
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Esperantolaan 4
3001 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →VOITH TURBO
€ 1.3 million gross margin · 2025
WOONWEELDE
€ -17,991 gross margin · 2024
ADE VASTGOED
€ 588 gross margin · 2024
BOUWEN EN VASTGOED
€ -4,890 gross margin · 2024
VIRBAC BELGIUM
€ 24.1 million revenue · 2025
+11 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
- 0558.854.117
- VAT number
- BE 0558.854.117
- Registered office
- Esperantolaan 4, 3001 Leuven
- Names & denominations
- Vital Materials Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2014
- Peppol
- Active · Active since 31 Oct 2025
- Activities · NACE
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