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 13 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
VTP Workx from Olen, company number BE0717859089, closed financial year 2025 with a result of € 89,350 after tax. For that financial year VTP Workx recorded a gross margin of € 29,892 and equity of € 231,447. Compared with financial year 2024, the result moved from € 73,398 to € 89,350. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 19, 2026.
€ 231,447
▲ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,350
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 4,840
▼ 78% 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 € 230,447.
People and assets in 2025
€ 43,701
▲ € 43,045 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 257,522
▼ 9% vs 2024
€ 68,712 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 8,344
▲ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 545
▼ 80% 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 | € 13,093 | € 27,570 | € 39,721 | € 29,892 | ▼ 25% |
| Profit after taxes | € 3,206 | € 47,899 | € 73,398 | € 89,350 | ▲ 22% |
| Equity | € 20,800 | € 68,699 | € 142,097 | € 231,447 | ▲ 63% |
| Total debts | € 615,134 | € 576,444 | € 497,011 | € 453,347 | ▼ 9% |
| Cash | € 378 | € 11,074 | € 21,630 | € 4,840 | ▼ 78% |
| Retained profit | € 19,800 | € 67,699 | € 141,097 | € 230,447 | ▲ 63% |
| Bank debt | € 410,265 | € 347,541 | € 282,008 | € 257,522 | ▼ 9% |
| Balance sheet total | € 635,934 | € 645,143 | € 639,108 | € 684,794 | ▲ 7% |
Key figures of VTP Workx, 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 VTP Workx?
What happened at VTP Workx in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 89,350 (▲ 22% vs 2024). filed late Source: NBB ↗
- New establishment in Olen. KBO
- Start of the company according to the CBE. KBO
- Alexander Verstreepen became a director. NBB
In short
From € 3,206 profit in 2022 to € 89,350 profit in 2025.
Paid € 14,782 in corporate taxes since 2022.
Best year ever: 2025, with € 89,350 profit.
Management
Behind VTP Workx is Alexander Verstreepen. It owns 50% of Algemene schrijnwerkerij Mertens-Goossens itself.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Larumseweg 96
2250 Olen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0717.859.089
- VAT number
- BE 0717.859.089
- Registered office
- Larumseweg 96, 2250 Olen
- Names & denominations
- VTP Workx
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2019
- Peppol
- Active · Active since 24 Dec 2025
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