Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VS REAL ESTATE from Knokke-Heist, company number BE0630816041, closed financial year 2025 with a result of € -130,973 after tax. For that financial year VS REAL ESTATE recorded a gross margin of € 184,514 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -22,719 to € -130,973. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 1.2 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -130,973
▼ 476 % more loss than in 2024
Profit after tax over the fiscal year.
€ 927
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 12,999.
People and assets in 2025
€ 12,628
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.5 million
▼ 1% vs 2024
€ 171,719 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 46,175
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,669
▼ 87% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 36,545 | € 72,794 | € 427,898 | € 184,514 | ▼ 57% |
| Profit after taxes | € 12,657 | € 1,563 | € -22,719 | € -130,973 | ▼ € 108,254 |
| Equity | € 1,322,575 | € 1,324,137 | € 1,301,418 | € 1,170,445 | ▼ 10% |
| Total debts | € 2,710,062 | € 5,838,383 | € 6,060,930 | € 5,690,166 | ▼ 6% |
| Cash | € 4,298 | € 12,953 | € 16,177 | € 927 | ▼ 94% |
| Land & buildings | € 1,918,031 | € 1,918,031 | € 6,561,573 | € 6,461,514 | ▼ 2% |
| Retained profit | € 165,129 | € 166,692 | € 143,972 | € 12,999 | ▼ 91% |
| Bank debt | € 2,619,465 | € 5,584,289 | € 5,518,653 | € 5,475,003 | ▼ 1% |
| Balance sheet total | € 4,032,637 | € 7,162,520 | € 7,362,348 | € 6,860,611 | ▼ 7% |
Key figures of VS REAL ESTATE, 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 VS REAL ESTATE?
What happened at VS REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 130,973. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Patricia Schautteet became a director. NBB
- Christophe Verstraete became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,657 profit in 2022 to € 130,973 loss in 2025.
Paid € 5,580 in corporate taxes since 2022.
Best year ever: 2022, with € 12,657 profit.
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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 VS REAL ESTATE are Patricia Schautteet and Christophe Verstraete. The same people are also behind VERSTRAETE, VEMACO, VILLA FRANCINE, JETSE and VERSTRAETE DEVELOPMENT. Patricia Schautteet is also behind Imstad, KUSTSTADBOUWBEDRIJF, TOPAZE, DUINENVELD and DE POORTERIJ. Christophe Verstraete is also behind IMMO - LOC, KORTRIJK BUSINESS PARK, THE ARK, Veda Investment and VEDA DEVELOPMENT.
Directors
According to the 2025 annual accounts
Patricia Schautteet
Director
Also active at: Imstad, KUSTSTADBOUWBEDRIJF, TOPAZE, VERSTRAETE, VEMACO, DUINENVELD, DE POORTERIJ, BROUWERSHOF +31 more
since 2015
Christophe Verstraete
Director
Also active at: VERSTRAETE, VEMACO, IMMO - LOC, VILLA FRANCINE, JETSE, VERSTRAETE DEVELOPMENT, LEEUWKE, VERSTRAETE BOUWONDERNEMING +29 more
since 2015
Establishments
Establishment units
Physical locations of this company
Roggelaan 6
8300 Knokke-Heist
Anna Bijnslaan(Kor) 14
8500 Kortrijk
Active since 22 May 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0630.816.041
- VAT number
- BE 0630.816.041
- Registered office
- Roggelaan 6, 8300 Knokke-Heist
- Names & denominations
- VS REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 2015
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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