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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
VM&M PROJECTS from Kortemark, company number BE0747544851, closed financial year 2025 with a result of € -41,265 after tax. For that financial year VM&M PROJECTS recorded a gross margin of € 43,894 and equity of € 35,307. Compared with financial year 2024, the result moved from € -36,601 to € -41,265. The company made a loss. The buffer shrank hard: equity is 54 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 35,307
▼ 54% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -41,265
▼ 13 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,015
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -64,693.
People and assets in 2025
€ 32,497
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 202,805
▼ 5% vs 2024
€ 11,408 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 36,030
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,913
▼ 68% 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 | € 14,252 | € 75,622 | € 12,288 | € 43,894 | ▲ 257% |
| Profit after taxes | € 1,785 | € 10,416 | € -36,601 | € -41,265 | ▼ € 4,663 |
| Equity | € 104,423 | € 113,173 | € 76,572 | € 35,307 | ▼ 54% |
| Total debts | € 1,714,148 | € 2,327,567 | € 2,413,833 | € 2,733,978 | ▲ 13% |
| Cash | € 165,239 | € 493 | € 51,615 | € 1,015 | ▼ 98% |
| Land & buildings | € 297,233 | € 989,339 | € 963,688 | € 1,820,399 | ▲ 89% |
| Retained profit | € 4,423 | € 13,173 | € -23,428 | € -64,693 | ▼ € 41,265 |
| Dividend | € 1,600 | € 1,666 | € 0 | € 0 | |
| Bank debt | € 236,100 | € 225,154 | € 214,057 | € 202,805 | ▼ 5% |
| Balance sheet total | € 1,818,571 | € 2,440,740 | € 2,490,404 | € 2,769,284 | ▲ 11% |
Key figures of VM&M PROJECTS, 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 VM&M PROJECTS?
What happened at VM&M PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 41,265. Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,785 profit in 2022 to € 41,265 loss in 2025.
Paid € 7,718 in corporate taxes since 2022.
Best year ever: 2023, with € 10,416 profit.
Paid out € 3,266 in dividends to the owners in total.
Management
Behind VM&M PROJECTS is Maxim VERMEERSCH.
Directors
According to the 2025 annual accounts
Maxim VERMEERSCH
Director
Establishments
Establishment units
Physical locations of this company
Doornstraat 21
8610 Kortemark
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0747.544.851
- VAT number
- BE 0747.544.851
- Registered office
- Doornstraat 21, 8610 Kortemark
- Names & denominations
- VM&M PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2020
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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