Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
V & S + from Peer, company number BE0632998244, closed financial year 2026 with a result of € 66,266 after tax. For that financial year V & S + recorded a gross margin of € 241,344 and equity of € 267,165. Compared with financial year 2025, the result moved from € 21,018 to € 66,266. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 5, 2026.
€ 267,165
▼ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 66,266
▲ 215% vs 2025
Profit after tax over the fiscal year.
€ 49,317
▲ 67% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 104,215 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2026
€ 14,591
▼ 41% vs 2025
Of which on lease € 13,443.
Debts at end 2026
€ 1 million
▼ 8% vs 2025
€ 121,653 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,940
▼ 62% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 29,138
▲ 53% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 268,820 | € 195,108 | € 193,073 | € 241,344 | ▲ 25% |
| Profit after taxes | € 124,533 | € 40,349 | € 21,018 | € 66,266 | ▲ 215% |
| Equity | € 243,748 | € 284,097 | € 305,115 | € 267,165 | ▼ 12% |
| Total debts | € 1,631,306 | € 1,376,400 | € 1,281,337 | € 1,258,205 | ▼ 2% |
| Cash | € 26,251 | € 32,742 | € 29,479 | € 49,317 | ▲ 67% |
| Land & buildings | € 1,543,765 | € 1,495,202 | € 1,392,814 | € 1,305,277 | ▼ 6% |
| Retained profit | € 228,748 | € 269,097 | € 290,115 | € 252,165 | ▼ 13% |
| Dividend | € 0 | € 0 | € 0 | € 104,215 | |
| Bank debt | € 1,292,259 | € 1,197,974 | € 1,101,816 | € 1,008,697 | ▼ 8% |
| Balance sheet total | € 1,875,054 | € 1,660,497 | € 1,586,452 | € 1,525,371 | ▼ 4% |
Key figures of V & S +, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to V & S +?
What happened at V & S + in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 66,266 (▲ 215% vs 2025). Source: NBB ↗
- Bart Spapen became a director. NBB
- Tom Vranken became a director. NBB
- New establishment in Peer. KBO
- Start of the company according to the CBE. KBO
In short
From € 124,533 profit in 2023 to € 66,266 profit in 2026.
Paid € 62,203 in corporate taxes since 2023.
Best year ever: 2023, with € 124,533 profit.
Paid out € 104,215 in dividends to the owners in total.
Management
Behind V & S + are Bart Spapen and Tom Vranken. The same people are also behind V&S CONSTRUCT.
Directors
According to the 2026 annual accounts
since 2017
since 2017
Establishments
Establishment units
Physical locations of this company
Keitelweg 2122
3990 Peer
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.998.244
- VAT number
- BE 0632.998.244
- Registered office
- Keitelweg 2122, 3990 Peer
- Names & denominations
- V & S +
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2015
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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