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 15 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
VTM INVEST from Zwalm, company number BE0651622343, closed financial year 2026 with a result of € 72,760 after tax. For that financial year VTM INVEST recorded a gross margin of € -4,374 and equity of € 217,893. Compared with financial year 2025, the result moved from € 55,958 to € 72,760. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 24, 2026.
€ 217,893
▼ 48% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72,760
▲ 30% vs 2025
Profit after tax over the fiscal year.
€ 237,830
▲ € 216,592 vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 273,833 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2026
€ 3.9 million
▼ 13% vs 2025
Loans from banks and other lenders, long and short.
€ 55,095
▲ 36% 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 | € -3,540 | € -5,278 | € -6,597 | € -4,374 | ▲ € 2,223 |
| Profit after taxes | € 47,040 | € 70,575 | € 55,958 | € 72,760 | ▲ 30% |
| Equity | € 332,242 | € 397,022 | € 418,966 | € 217,893 | ▼ 48% |
| Total debts | € 5,105,794 | € 5,049,288 | € 4,582,169 | € 4,235,780 | ▼ 8% |
| Cash | € 21,247 | € 44,333 | € 21,238 | € 237,830 | ▲ € 216,592 |
| Retained profit | € 313,642 | € 378,422 | € 400,366 | € 199,293 | ▼ 50% |
| Dividend | € 85,037 | € 5,796 | € 34,014 | € 273,833 | ▲ € 239,819 |
| Bank debt | € 4,975,000 | € 4,975,000 | € 4,503,175 | € 3,915,000 | ▼ 13% |
| Balance sheet total | € 5,438,036 | € 5,446,310 | € 5,001,135 | € 4,453,673 | ▼ 11% |
Key figures of VTM INVEST, 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 VTM INVEST?
What happened at VTM INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 72,760 (▲ 30% vs 2025). Source: NBB ↗
- New establishment in Zwalm. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,040 profit in 2023 to € 72,760 profit in 2026.
Paid € 119,533 in corporate taxes since 2023.
Best year ever: 2026, with € 72,760 profit.
Paid out € 398,679 in dividends to the owners in total.
Management
Behind VTM INVEST is Maïte Matton. It owns 100% of Belor Holding itself.
Directors
According to the 2026 annual accounts
Establishments
Establishment units
Physical locations of this company
Eesstraat(SBB) 16 box 1
9630 Zwalm
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0651.622.343
- VAT number
- BE 0651.622.343
- Registered office
- Eesstraat(SBB) 16 bus 1, 9630 Zwalm
- Names & denominations
- VTM INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2016
- Peppol
- Active · Active since 28 Oct 2026