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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
VITRUVI DEVELOPMENTS from Tielt, company number BE0726899885, closed financial year 2025 with a result of € 8,411 after tax. For that financial year VITRUVI DEVELOPMENTS recorded a gross margin of € 164,158 and equity of € -52,362. Compared with financial year 2024, the result moved from € -15,877 to € 8,411. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ -52,362
▲ € 8,411 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,411
▲ still € 15,877 loss in 2024
Profit after tax over the fiscal year.
€ 8,643
▼ 10% 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 € -58,662.
People and assets in 2025
2
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 124,334
▲ 84% vs 2024
€ 62,200 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.
€ 4,902
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 64,800
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 109,619
▲ 70% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 36,212 | € 78,876 | € 72,671 | € 164,158 | ▲ 126% |
| Profit after taxes | € 38 | € 25,453 | € -15,877 | € 8,411 | ▲ € 24,288 |
| Equity | € -70,348 | € -44,895 | € -60,772 | € -52,362 | ▲ € 8,411 |
| Total debts | € 381,888 | € 493,175 | € 615,231 | € 729,199 | ▲ 19% |
| Cash | € 8,848 | € 6,581 | € 9,591 | € 8,643 | ▼ 10% |
| Land & buildings | € 12,409 | € 9,928 | € 7,446 | € 4,964 | ▼ 33% |
| Retained profit | € -76,648 | € -51,195 | € -67,072 | € -58,662 | ▲ € 8,411 |
| Balance sheet total | € 311,540 | € 448,280 | € 554,458 | € 676,837 | ▲ 22% |
| Employees (FTE) | 0.6 | 0.7 | 1 | 2 | ▲ 1 |
Key figures of VITRUVI DEVELOPMENTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VITRUVI DEVELOPMENTS?
What happened at VITRUVI DEVELOPMENTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,411. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 38 profit in 2022 to € 8,411 profit in 2025.
Paid € 657 in corporate taxes since 2022.
Best year ever: 2023, with € 25,453 profit.
On average € 82,100 of value added per employee in 2025.
Management
The stake of RELYS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VITRUVI DEVELOPMENTSBehind VITRUVI DEVELOPMENTS are Relys BV and Jovack COMMV. The shares are held by RELYS (25%).
Directors
According to the 2025 annual accounts
Director · represented by Pieter Theys
Also active at: IMMOPAT, VITRUVI ESTATES, WRight Estates, WRight Developments, WARD
Director · represented by Jonas Van Poucke
Also active at: IMMOPAT, VITRUVI ESTATES, WRight Estates, WRight Developments, PHI ESTATES, BIJ DEN BOER, WARD
Shareholders
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ooigemstraat 47
8760 Tielt
Rijselsestraat(Kor) 33
8500 Kortrijk
Active since 20 May 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →IMMOPAT same network
€ 12,151 gross margin · 2025
VITRUVI ESTATES same network
€ 17,214 gross margin · 2025
WRight Estates same network
€ 179,689 gross margin · 2025
WRight Developments same network
€ 153,578 gross margin · 2025
RELYS same network
€ 15,446 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0726.899.885
- VAT number
- BE 0726.899.885
- Registered office
- Ooigemstraat 47, 8760 Tielt
- Names & denominations
- VITRUVI DEVELOPMENTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2019
- Peppol
- Active · Active since 24 Mar 2025
- Activities · NACE
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