Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vytim from Tienen, company number BE0698841250, closed financial year 2025 with a result of € -495,600 after tax. For that financial year Vytim recorded revenue of € 3.8 million and equity of € 4.5 million. Compared with financial year 2024, the result moved from € -126,556 to € -495,600. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 4.5 million
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -495,600
▼ 292 % more loss than in 2024
Profit after tax over the fiscal year.
€ 46,017
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.9 million.
People and assets in 2025
3
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 264,120
▲ 53% vs 2024
€ 88,000 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.
€ 17,288
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▲ 6% vs 2024
€ 240,549 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 231,742
▲ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 23 days on average.
€ 29,100
▲ 110% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 383,584 | € 473,600 | € 3,996,000 | € 3,816,000 | ▼ 5% |
| Profit after taxes | € -243,380 | € -433,074 | € -126,556 | € -495,600 | ▼ € 369,044 |
| Equity | € 3,730,048 | € 3,296,973 | € 3,170,417 | € 4,474,817 | ▲ 41% |
| Total debts | € 6,009,764 | € 12,146,011 | € 13,115,241 | € 14,056,186 | ▲ 7% |
| Cash | € 88,913 | € 100,937 | € 213,668 | € 46,017 | ▼ 78% |
| Retained profit | € -834,691 | € -1,267,766 | € -1,394,322 | € -1,889,922 | ▼ € 495,600 |
| Bank debt | € 0 | € 0 | € 1,000,000 | € 1,062,040 | ▲ 6% |
| Balance sheet total | € 9,739,812 | € 15,442,985 | € 16,285,658 | € 18,531,003 | ▲ 14% |
| Employees (FTE) | - | 2 | 2.3 | 3 | ▲ 0.7 |
Key figures of Vytim, 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 Vytim?
What happened at Vytim in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Werner Herbots stepped down as director. NBB
- Luc Kestens stepped down as director. NBB
- Walter Kestens stepped down as director. NBB
- KC Solutions BV stepped down as director. NBB
- Jurgen Van Osselaer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 495,600. Source: NBB ↗
- Werner Herbots became a director. NBB
- Luc Kestens became a director. NBB
In short
From € 243,380 loss in 2022 to € 495,600 loss in 2025.
Paid € 424 in corporate taxes since 2022.
Pays suppliers within 23 days on average.
A new publication or filing at Vytim? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of TIENEN INVEST MAATSCHAPPIJ, TMS INDUSTRIAL SERVICES, WALARNICO, 4MAT Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VytimThe shares are held by TIENEN INVEST MAATSCHAPPIJ (62.1%), TMS INDUSTRIAL SERVICES (21.9%), WALARNICO (2.4%) and 4MAT Consulting. It owns 100% of TMS Industrial Services, 100% of Udobnost Mehanickih Usluga Doo, 100% of TMS, 100% of TMS Industrial Services Wallonië and 51% of Polytek itself.
Directors
According to the 2025 annual accounts
Luc Kestens
Director
Also active at: KESTENS INVEST, K-PROJECTS, TIENEN INVEST MAATSCHAPPIJ, GRK-SERVICES, Immo Bergé, KW-MGMT, PATRIMA, SEVENTS
since 2025 · until 2031
since 2026 · until 2032
Director · represented by Kris Cloots
since 2023 · until 2029
Jurgen Van Osselaer
Director
Also active at: TMS Industrial Services Wallonie, Industrial Service Corporation, TMS INDUSTRIAL SERVICES
since 2023 · until 2029
Walter Kestens
Director
Also active at: VOKA - Kamer van Koophandel Vlaams-Brabant, KESTENS INVEST, K-PROJECTS, PROSITE, TIENEN INVEST MAATSCHAPPIJ, GRK-SERVICES, Immo Bergé, TMS Industrial Services Wallonie +6 more
since 2025 · until 2031
Shareholders
Participations
Udobnost Mehanickih Usluga Doo
100%
TMS
100%
51%
Establishments
Establishment units
Physical locations of this company
Industriepark 45
3300 Tienen
Industriepark 51
3300 Tienen
Active since 26 June 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0698.841.250
- VAT number
- BE 0698.841.250
- Registered office
- Industriepark 45, 3300 Tienen
- Names & denominations
- Vytim
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 2018
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering