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 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VAES IMMO from Zonhoven, company number BE0715464872, closed financial year 2025 with a result of € -14,381 after tax. For that financial year VAES IMMO recorded a gross margin of € 225,441 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 47,094 to € -14,381. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ 1.1 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,381
▼ still € 47,094 profit in 2024
Profit after tax over the fiscal year.
€ 57,875
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 345,883.
Debts at end 2025
€ 1.1 million
▲ 14% vs 2024
€ 141,969 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 157
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,330
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 | € 149,910 | € 206,247 | € 198,432 | € 225,441 | ▲ 14% |
| Profit after taxes | € 37,676 | € 72,300 | € 47,094 | € -14,381 | ▼ € 61,475 |
| Equity | € 968,280 | € 1,040,580 | € 1,087,673 | € 1,073,293 | ▼ 1% |
| Total debts | € 957,546 | € 833,965 | € 1,958,017 | € 2,167,596 | ▲ 11% |
| Cash | € 104,263 | € 91,442 | € 163,059 | € 57,875 | ▼ 65% |
| Land & buildings | € 1,800,494 | € 1,760,138 | € 1,699,717 | € 1,987,123 | ▲ 17% |
| Retained profit | € 240,870 | € 313,170 | € 360,264 | € 345,883 | ▼ 4% |
| Bank debt | € 559,604 | € 517,618 | € 1,004,464 | € 1,149,100 | ▲ 14% |
| Balance sheet total | € 1,925,826 | € 1,874,545 | € 3,045,691 | € 3,240,889 | ▲ 6% |
Key figures of VAES IMMO, 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 VAES IMMO?
What happened at VAES IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,381 (▼ € 61,475 vs 2024). Source: NBB ↗
- Rudi Vaes became a director. NBB
- Nick Vaes became a director. NBB
- New establishment in Zonhoven. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,676 profit in 2022 to € 14,381 loss in 2025.
Paid € 48,860 in corporate taxes since 2022.
Best year ever: 2023, with € 72,300 profit.
Management
Behind VAES IMMO are Rudi Vaes and Nick Vaes. It owns 100% of Tieba and 100% of M.M.M. itself.
Directors
According to the 2025 annual accounts
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Industrieweg-Zuid 1308
3520 Zonhoven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0715.464.872
- VAT number
- BE 0715.464.872
- Registered office
- Industrieweg-Zuid 1308, 3520 Zonhoven
- Names & denominations
- VAES IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 2018
- Peppol
- Active · Active since 20 Aug 2025