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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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 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VB IMMO from Waterloo, company number BE0637785985, closed financial year 2025 with a result of € 4,069 after tax. For that financial year VB IMMO recorded a gross margin of € 127,916 and equity of € -272,376. Compared with financial year 2024, the result moved from € -6,641 to € 4,069. 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 July 15, 2026.
€ -272,376
▲ € 4,069 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,069
▲ still € 6,641 loss in 2024
Profit after tax over the fiscal year.
€ 36,665
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -290,976.
People and assets in 2025
€ 58,414
▲ 2% vs 2024
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 2025
€ 598,717
▼ 7% vs 2024
€ 49,388 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 9,894
▲ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,996
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 70,465 | € 101,898 | € 117,518 | € 127,916 | ▲ 9% |
| Profit after taxes | € -46,282 | € -49,417 | € -6,641 | € 4,069 | ▲ € 10,711 |
| Equity | € -220,387 | € -269,804 | € -276,445 | € -272,376 | ▲ € 4,069 |
| Total debts | € 1,220,870 | € 1,199,767 | € 1,167,564 | € 1,142,133 | ▼ 2% |
| Cash | € 25,404 | € 26,707 | € 29,652 | € 36,665 | ▲ 24% |
| Land & buildings | € 968,865 | € 897,430 | € 857,732 | € 818,034 | ▼ 5% |
| Retained profit | € -238,987 | € -288,404 | € -295,045 | € -290,976 | ▲ € 4,069 |
| Bank debt | € 737,029 | € 694,340 | € 647,046 | € 598,717 | ▼ 7% |
| Balance sheet total | € 1,000,483 | € 929,963 | € 891,119 | € 869,758 | ▼ 2% |
Key figures of VB IMMO, 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 VB IMMO?
What happened at VB IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,069. Source: NBB ↗
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 46,282 loss in 2022 to € 4,069 profit in 2025.
Paid € 4 in corporate taxes since 2022.
Best year ever: 2025, with € 4,069 profit.
Management
Behind VB IMMO is MICHEL VAN BENEDEN. MICHEL VAN BENEDEN is also behind VANBENEDEN WINES ET SPIRITS.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Avenue des Libellules 11
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0637.785.985
- VAT number
- BE 0637.785.985
- Registered office
- Avenue des Libellules 11, 1410 Waterloo
- Names & denominations
- VB IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 2015
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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