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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 1 of the last 4 fiscal years.
Financials
Financial year 2025
The VAP House from Sint-Lambrechts-Woluwe, company number BE0646920714, closed financial year 2025 with a result of € -37,126 after tax. For that financial year The VAP House recorded a gross margin of € -24,478 and equity of € -625. Compared with financial year 2024, the result moved from € 14,051 to € -37,126. The company made a loss. 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 1, 2026.
€ -625
▼ € 37,126 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,126
▼ still € 14,051 profit in 2024
Profit after tax over the fiscal year.
€ 12,918
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19,225.
People and assets in 2025
€ 1,219
▼ 86% 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.
€ 30,052
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,094
▲ 9% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 111,053 | € 118,848 | € 41,797 | € -24,478 | ▼ € 66,274 |
| Profit after taxes | € 73,395 | € 74,329 | € 14,051 | € -37,126 | ▼ € 51,178 |
| Equity | € 38,121 | € 36,450 | € 36,501 | € -625 | ▼ € 37,126 |
| Total debts | € 129,569 | € 121,080 | € 57,827 | € 49,828 | ▼ 14% |
| Cash | € 94,587 | € 120,244 | € 56,295 | € 12,918 | ▼ 77% |
| Retained profit | € 19,521 | € 17,850 | € 17,901 | € -19,225 | ▼ € 37,126 |
| Dividend | € 73,000 | € 76,000 | € 14,000 | € 0 | ▼ 100% |
| Balance sheet total | € 167,690 | € 157,530 | € 94,328 | € 49,202 | ▼ 48% |
Key figures of The VAP House, 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 The VAP House?
What happened at The VAP House in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,126 (▼ € 51,178 vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
In short
From € 73,395 profit in 2022 to € 37,126 loss in 2025.
Paid € 51,022 in corporate taxes since 2022.
Best year ever: 2023, with € 74,329 profit.
Paid out € 163,000 in dividends to the owners in total.
Management
Behind The VAP House are Ekrem Bilen and Rédouan Touati.
Directors
According to the 2025 annual accounts
Ekrem Bilen
Director
Rédouan Touati
Director
Establishments
Establishment units
Physical locations of this company
Passage Linthout 6
1200 Sint-Lambrechts-Woluwe
Stafhouder Braffortstraat 12
1200 Sint-Lambrechts-Woluwe
Active since 25 January 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- BILEN Ekrem(oprichter) 50%
- TOUATI Rédouan(oprichter) 50%
Details
- Company number
- 0646.920.714
- VAT number
- BE 0646.920.714
- Registered office
- Passage Linthout 6, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- The VAP House
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2016
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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