Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
VM Boringen from Arendonk, company number BE0707657164, closed financial year 2024 with a result of € -116,980 after tax. For that financial year VM Boringen recorded a gross margin of € 1.2 million and equity of € 19,124. Compared with financial year 2023, the result moved from € 74,169 to € -116,980. The company made a loss. 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 September 29, 2025.
€ 19,124
▲ € 83,020 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -116,980
▼ still € 74,169 profit in 2023
Profit after tax over the fiscal year.
€ 153,758
▼ 18% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -199,476.
People and assets in 2024
12.8
▲ 3.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 873,968
▲ 41% vs 2023
€ 68,300 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.
€ 972,193
▲ 132% vs 2023
Of which on lease € 805,039.
Debts at end 2024
€ 1.2 million
▲ 62% vs 2023
€ 247,053 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 509,101
▼ 9% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 56,797
▼ 26% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 273,191 | € 808,924 | € 1,042,565 | € 1,201,090 | ▲ 15% |
| Profit after taxes | € -271,048 | € 50,574 | € 74,169 | € -116,980 | ▼ € 191,149 |
| Equity | € -188,639 | € -138,065 | € -63,896 | € 19,124 | ▲ € 83,020 |
| Total debts | € 1,474,205 | € 1,645,574 | € 2,085,039 | € 2,597,989 | ▲ 25% |
| Cash | € 544 | € 34,691 | € 188,607 | € 153,758 | ▼ 18% |
| Land & buildings | € 12,171 | € 10,266 | € 8,361 | € 8,246 | ▼ 1% |
| Retained profit | € -207,239 | € -156,665 | € -82,496 | € -199,476 | ▼ € 116,980 |
| Bank debt | € 1,057,385 | € 877,501 | € 737,087 | € 1,191,645 | ▲ 62% |
| Balance sheet total | € 1,285,566 | € 1,507,509 | € 2,021,143 | € 2,617,113 | ▲ 29% |
| Employees (FTE) | - | 7.1 | 9.6 | 12.8 | ▲ 3.2 |
Key figures of VM Boringen, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VM Boringen?
What happened at VM Boringen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 116,980 (▼ € 191,149 vs 2023). filed late Source: NBB ↗
- New establishment in Arendonk. KBO
- Van Mechgelen Pieter became a director. NBB
- SOLARPRO became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 271,048 loss in 2021 to € 116,980 loss in 2024.
Paid € 4,659 in corporate taxes since 2021.
Best year ever: 2023, with € 74,169 profit.
On average € 93,800 of value added per employee in 2024.
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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
Behind VM Boringen are Van Mechgelen Pieter and SOLARPRO. SOLARPRO is also behind SolarPower Partners.
Directors
According to the 2024 annual accounts
Manager · represented by Van MECHGELEN-CLAESSEN PIETER
since 2018
Manager · represented by Van MECHGELEN - CLAESSEN JORIS
Also active at: SolarPower Partners
since 2018
Establishments
Establishment units
Physical locations of this company
Hoge Mauw 1326
2370 Arendonk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0707.657.164
- VAT number
- BE 0707.657.164
- Registered office
- Hoge Mauw 1326, 2370 Arendonk
- Names & denominations
- VM Boringen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 2018
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
Proefboren en boren
Overige bouwinstallatie
Sanitaire werkzaamheden
Overige bouwinstallatie, n.e.g.