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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Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VVM Master from Tielt, company number BE0758419343, closed financial year 2025 with a result of € 2,191 after tax. For that financial year VVM Master recorded a gross margin of € 342,831 and equity of € 45,624. Compared with financial year 2024, the result moved from € 8,245 to € 2,191. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 45,624
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,191
▼ 73% vs 2024
Profit after tax over the fiscal year.
€ 62,360
▼ 37% 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 € 15,624.
People and assets in 2025
3.8
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 217,608
▲ 5% vs 2024
€ 57,300 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.
€ 64,311
▼ 29% vs 2024
Of which on lease € 1,123.
Debts at end 2025
€ 492,912
▲ 19% vs 2024
€ 117,930 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 59,252
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,287
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 479,890 | € 194,765 | € 321,621 | € 342,831 | ▲ 7% |
| Profit after taxes | € 286,071 | € -4,313 | € 8,245 | € 2,191 | ▼ 73% |
| Equity | € 39,501 | € 35,188 | € 43,433 | € 45,624 | ▲ 5% |
| Total debts | € 1,605,604 | € 1,672,932 | € 2,075,760 | € 2,197,781 | ▲ 6% |
| Cash | € 93,101 | € 102,093 | € 99,016 | € 62,360 | ▼ 37% |
| Retained profit | € 9,501 | € 5,188 | € 13,433 | € 15,624 | ▲ 16% |
| Dividend | € 280,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 316,582 | € 259,574 | € 415,292 | € 492,912 | ▲ 19% |
| Balance sheet total | € 1,645,105 | € 1,708,120 | € 2,119,192 | € 2,243,405 | ▲ 6% |
| Employees (FTE) | 2.8 | 2.5 | 4.1 | 3.8 | ▼ 0.3 |
Key figures of VVM Master, 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 VVM Master?
What happened at VVM Master in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,191 (▼ 73% vs 2024). Source: NBB ↗
- Nagel Invest CommV became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 286,071 profit in 2022 to € 2,191 profit in 2025.
Paid € 14,898 in corporate taxes since 2022.
Best year ever: 2022, with € 286,071 profit.
On average € 90,200 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Vlaemynck Invest, KOPGIMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VVM MasterBehind VVM Master are Vlaemynck Invest BV and Nagel Invest CommV. The shares are held by Vlaemynck Invest (50%) and KOPGIMMO (10%). It owns 100% of VVM Westhoek BV, 100% of VVM Kortrijk, 50% of VVM Westkust BV and 50% of VVM Tielt itself.
Directors
According to the 2025 annual accounts
Director · represented by Vlaemynck Karel
Also active at: West - Buro, MANITOBA - MUYLLE, CASTRA, P-PROPERTY, MC BOUW, VVM WESTKUST, HULLYNCK INVEST, VVM Westhoek +9 more
Director · represented by Nagel Ilse
since 2022
Shareholders
50%
10%
Participations
Establishments
Establishment units
Physical locations of this company
Sint-Janstraat 185
8700 Tielt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →MANITOBA - MUYLLE same network
€ -3,571 gross margin · 2025
DE SNEPPE
HULLYNCK
€ 681,856 gross margin · 2025
CASTRA same network
€ 23,369 gross margin · 2025
Spartathlon and more same network
€ 5,668 gross margin · 2025
+29 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
- 0758.419.343
- VAT number
- BE 0758.419.343
- Registered office
- Sint-Janstraat 185, 8700 Tielt
- Names & denominations
- VVM Master
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 2020
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Holdings
Diverse administratieve activiteiten ten behoeve van kantoren