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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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Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VVM WESTKUST from Tielt, company number BE0669980780, closed financial year 2025 with a result of € 192,541 after tax. For that financial year VVM WESTKUST recorded a gross margin of € 372,699 and equity of € 78,918. Compared with financial year 2024, the result moved from € -28,037 to € 192,541. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 78,918
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 192,541
▲ still € 28,037 loss in 2024
Profit after tax over the fiscal year.
€ 220,880
▲ 275% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 180,000 paid out
93 % of the profit went to the shareholders, mostly to VVM Master (50 % of the shares). That is where the money ends up.
People and assets in 2025
1.5
Average over the fiscal year, from the social balance sheet.
€ 79,139
▲ 2% vs 2024
€ 52,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 33,129
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 81,495
▼ 33% vs 2024
€ 40,101 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 156,266
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,505
▲ 137% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 417,671 | € 369,106 | € 202,335 | € 372,699 | ▲ 84% |
| Profit after taxes | € 153,507 | € 35,012 | € -28,037 | € 192,541 | ▲ € 220,578 |
| Equity | € 94,402 | € 94,414 | € 66,377 | € 78,918 | ▲ 19% |
| Total debts | € 1,013,700 | € 734,806 | € 570,029 | € 754,740 | ▲ 32% |
| Cash | € 97,389 | € 97,336 | € 58,969 | € 220,880 | ▲ 275% |
| Retained profit | € 74,402 | € 74,414 | € 46,377 | € 58,918 | ▲ 27% |
| Dividend | € 100,000 | € 35,000 | € 0 | € 180,000 | |
| Bank debt | € 281,917 | € 189,748 | € 122,037 | € 81,495 | ▼ 33% |
| Balance sheet total | € 1,128,762 | € 885,777 | € 636,406 | € 833,657 | ▲ 31% |
| Employees (FTE) | 3.7 | 2.8 | 1.5 | 1.5 |
Key figures of VVM WESTKUST, 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 VVM WESTKUST?
What happened at VVM WESTKUST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 192,541. Source: NBB ↗
- New establishment in Koksijde. KBO
- Het Batiment BV became a director. NBB
- VVM Master BV became a director. NBB
- New establishment in Veurne. KBO
- New establishment in Nieuwpoort. KBO
- Start of the company according to the CBE. KBO
In short
From € 153,507 profit in 2022 to € 192,541 profit in 2025.
Paid € 5,441 in corporate taxes since 2022.
Best year ever: 2025, with € 192,541 profit.
On average € 248,500 of value added per employee in 2025.
Management
The stake of VVM Master, HET BATIMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VVM WESTKUSTBehind VVM WESTKUST are Het Batiment BV, Vlaemynck Invest BV and VVM Master BV. The shares are held by VVM Master (50%) and HET BATIMENT (40%).
Directors
According to the 2025 annual accounts
Director · represented by Balloey Thijs
since 2021
Director · represented by Vlaemynck Karel
Also active at: West - Buro, MANITOBA - MUYLLE, CASTRA, P-PROPERTY, MC BOUW, HULLYNCK INVEST, VVM Master, VVM Westhoek +9 more
Director · represented by Nagel Ilse
Also active at: VVM Kortrijk, VVM Westhoek, VVM TIELT
since 2021
Shareholders
50%
40%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Janstraat 185
8700 Tielt
Robert Orlentpromenade 13
8620 Nieuwpoort
Active since 25 January 2017
Zuidstraat 74
8630 Veurne
Active since 1 January 2021
Strandlaan(Kok) 314 - 316
8670 Koksijde
Active since 1 October 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →MANITOBA - MUYLLE same network
€ -3,571 gross margin · 2025
DE SNEPPE
HULLYNCK
€ 681,856 gross margin · 2025
CASTRA same network
€ 23,369 gross margin · 2025
Spartathlon and more same network
€ 5,668 gross margin · 2025
+29 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0669.980.780
- VAT number
- BE 0669.980.780
- Registered office
- Sint-Janstraat 185, 8700 Tielt
- Names & denominations
- VVM WESTKUST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2017
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
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