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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
V-PLEX from Menen, company number BE0688847874, closed financial year 2025 with a result of € 28,452 after tax. For that financial year V-PLEX recorded a gross margin of € 98,439 and equity of € 86,678. Compared with financial year 2024, the result moved from € 21,954 to € 28,452. 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 June 29, 2026.
€ 86,678
▲ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,452
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 18,140
▲ 5% 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 € 61,678.
People and assets in 2025
€ 6,015
▼ 70% 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.
€ 88,037
▲ € 76,624 vs 2024
Of which on lease € 79,562.
Debts at end 2025
€ 425,874
▲ 9% vs 2024
€ 45,486 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 24,440
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,342
▲ 51% 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 | € 105,910 | € 169,501 | € 107,441 | € 98,439 | ▼ 8% |
| Profit after taxes | € -17,844 | € 34,578 | € 21,954 | € 28,452 | ▲ 30% |
| Equity | € 1,694 | € 36,272 | € 58,226 | € 86,678 | ▲ 49% |
| Total debts | € 628,663 | € 547,820 | € 483,593 | € 515,412 | ▲ 7% |
| Cash | € 9,613 | € 4,284 | € 17,348 | € 18,140 | ▲ 5% |
| Land & buildings | € 385,440 | € 364,046 | € 342,651 | € 321,257 | ▼ 6% |
| Retained profit | € -23,306 | € 11,272 | € 33,226 | € 61,678 | ▲ 86% |
| Bank debt | € 498,250 | € 429,083 | € 389,206 | € 425,874 | ▲ 9% |
| Balance sheet total | € 630,357 | € 584,091 | € 541,819 | € 602,090 | ▲ 11% |
Key figures of V-PLEX, 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 V-PLEX?
What happened at V-PLEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 28,452 (▲ 30% vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Justin Vanbecelaere became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 17,844 loss in 2022 to € 28,452 profit in 2025.
Paid € 5,519 in corporate taxes since 2022.
Best year ever: 2023, with € 34,578 profit.
Management
Behind V-PLEX are Justin Vanbecelaere, Tiny Cools, Yves Vanbecelaere and Emiel Vanbecelaere.
Directors
According to the 2025 annual accounts
Justin Vanbecelaere
Director
since 2018
Tiny Cools
Director
Yves Vanbecelaere
Director
Emiel Vanbecelaere
Director
Establishments
Establishment units
Physical locations of this company
Bruggestraat 590 A
8930 Menen
Krommebeekstraat 50 box A
8930 Menen
Active since 1 February 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0688.847.874
- VAT number
- BE 0688.847.874
- Registered office
- Bruggestraat 590 A, 8930 Menen
- Names & denominations
- V-PLEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 2018
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- v-plex.be
- Activities · NACE
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