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 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VIMINALIS from Ieper, company number BE0750688047, closed financial year 2025 with a result of € -3.7 million after tax. For that financial year VIMINALIS recorded a gross margin of € -1.1 million and equity of € -3.2 million. Compared with financial year 2022, the result moved from € -998,509 to € -3.7 million. The company made a loss. 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 September 24, 2026.
€ -3.2 million
▼ € 7.5 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.7 million
▼ 268 % more loss than in 2022
Profit after tax over the fiscal year.
€ 983
▼ 29% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.3 million.
Debts at end 2025
€ 23 million
▲ 15% vs 2022
Loans from banks and other lenders, long and short.
€ 904,683
▲ 187% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 64,303
▲ 56% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2025 | Change 2022 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 152,794 | € 450,963 | € -1,148,716 | ▼ € 1.6 million |
| Profit after taxes | € 114,671 | € -998,509 | € -3,678,286 | ▼ € 2.7 million |
| Equity | € 5,293,730 | € 4,295,222 | € -3,234,522 | ▼ € 7.5 million |
| Total debts | € 21,656,153 | € 25,680,174 | € 30,060,038 | ▲ 17% |
| Cash | € 191,503 | € 1,381 | € 983 | ▼ 29% |
| Land & buildings | - | € 27,733,862 | € 25,638,012 | ▼ 8% |
| Retained profit | € 5,192,600 | € 4,194,091 | € -3,260,366 | ▼ € 7.5 million |
| Bank debt | € 19,950,000 | € 19,950,000 | € 22,950,000 | ▲ 15% |
| Balance sheet total | € 26,949,884 | € 29,975,396 | € 26,825,516 | ▼ 11% |
Key figures of VIMINALIS, fiscal years 2021 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 VIMINALIS?
What happened at VIMINALIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.7 million. filed late Source: NBB ↗
- Opus Terrae BV became a director. NBB
- Paul Gheysens stepped down as director. NBB
- Simon Gheysens stepped down as director. NBB
- Ghemic BV became a director. NBB
- Simon Gheysens became a director. NBB
- Paul Gheysens became a director. NBB
- New establishment in Ieper. KBO
In short
From € 114,671 profit in 2021 to € 3.7 million loss in 2025.
Paid € 41,954 in corporate taxes since 2021.
Best year ever: 2021, with € 114,671 profit.
Management
The stake of GHELAMCO INVEST, B.P.A. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VIMINALISBehind VIMINALIS are Patrick Bouwen, Kim Heungens, Opus Terrae BV and Ghemic BV. The shares are held by GHELAMCO INVEST (85%) and B.P.A. (15%).
Directors
According to the 2025 annual accounts
Kim Heungens
Director
Also active at: Union, GROUP BOUWEN IMMO, B.P.A., TRADING PLACES, RESIDENTIE DEN DULFT, HET FORT, VIMINALIS II, BEDRIJVENPARK STONE +4 more
Director · represented by Paul Gheysens
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, THE WHITE HOUSE ZOUTE, M. VAN STEENWINKEL, SAFE HOLDING BELGIUM, Zeewind +22 more
since 2026
Director · represented by Michael Gheysens
Also active at: R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, THE WHITE HOUSE ZOUTE, STEELCON, BELGIAN TRADING COMPANY +44 more
since 2025
Simon Gheysens
Director
Also active at: DOCK-SITE, Royal Antwerp Football club, CARLTON RETAIL, GHELAMCO INVEST, SOGIMES, THE WHITE HOUSE ZOUTE, ENEMAN & CO, BELGIAN TRADING COMPANY +26 more
since 2020 · until 2026
Paul Gheysens
Director
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more
since 2020 · until 2026
Shareholders
85%
15%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Mimecast
Hosting
UPCLOUD, FI
Domain
Domain
ghelamco.com
Registered
2003-05-12
Registrar
Key-Systems GmbH
Expires
2028-05-12
Website info
Features
Security
Network
Details
- Company number
- 0750.688.047
- VAT number
- BE 0750.688.047
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- VIMINALIS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2020
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- ghelamco.com
- Activities · NACE
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