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 12 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VERVEX CAPITAL from BOEKAREST, company number BE0767455189, closed financial year 2025 with a result of € 625,892 after tax. For that financial year VERVEX CAPITAL recorded a gross margin of € -89,094 and equity of € 4.4 million. Compared with financial year 2024, the result moved from € -180,184 to € 625,892. Profitable, and profit is growing. 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 1, 2026.
€ 4.4 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 625,892
▲ still € 180,184 loss in 2024
Profit after tax over the fiscal year.
€ 25,571
▼ 85% 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 € 388,945.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 208,631
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 | € -1,791 | € -915 | € -120,661 | € -89,094 | ▲ € 31,567 |
| Profit after taxes | € -71,409 | € 52,505 | € -180,184 | € 625,892 | ▲ € 806,077 |
| Equity | € -104,268 | € -51,763 | € 3,818,053 | € 4,443,945 | ▲ 16% |
| Total debts | € 3,550,513 | € 3,334,717 | € 16,307,136 | € 45,395,008 | ▲ 178% |
| Cash | € 258,919 | - | € 166,839 | € 25,571 | ▼ 85% |
| Retained profit | € -109,268 | € -56,763 | € -236,947 | € 388,945 | ▲ € 625,892 |
| Balance sheet total | € 3,446,245 | € 3,282,954 | € 20,125,189 | € 49,838,953 | ▲ 148% |
Key figures of VERVEX CAPITAL, 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 VERVEX CAPITAL?
What happened at VERVEX CAPITAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Simon Balcaen stepped down as director. NBB
- ViBel BV stepped down as director. NBB
- Assets Invest BV stepped down as director. NBB
- TicaConsult BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 625,892. Source: NBB ↗
- Didier Balcaen stepped down as director. NBB
- Jan Demeyere stepped down as director. NBB
- Simon Balcaen became a director. NBB
In short
From € 71,409 loss in 2022 to € 625,892 profit in 2025.
Paid € 208,631 in corporate taxes since 2022.
Best year ever: 2025, with € 625,892 profit.
Management
The stake of STRACO RE, Baltisse Real Estate comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERVEX CAPITALThe shares are held by STRACO RE (50%) and Baltisse Real Estate (50%). It owns 100% of FUSE ARCHITECTURE & INTERIOR DESIGN SRL, 100% of PROXIMUS PROPERTIES SRL, 100% of DMA ARCHITECTURE & INTERIOR DESIGN SRL, 100% of SPEEDWELL SRL, 100% of Speedwell Polska Sp. z o.o. (former PDC INDUSTRIAL CENTER 292 Sp. z o.o.) and 100% of Spaceplus SRL itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2026
Simon Balcaen
Director
Also active at: VICTORIA REGINA, Well One, Victoria Regina Holding, Victoria Hotel Opco, Victoria Co-working Opco, COSY, Baltisse Real Estate, BALTISSE
since 2024 · until 2029
Director · represented by Carl-Philip De Villegas De Clercamp
Also active at: NEDCO, TER DOENAERT, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, VM Weggevoerdenlaan ComCo +44 more
since 2024 · until 2029
since 2021 · until 2026
Director · represented by Alex De Witte
Also active at: ARGIBEL, BUILDING, Horatius Capital Partners, WATT FACTORY, BOEVERIE, LIEGE BECASSE, XIOR Namen, VICTORIA REGINA +21 more
since 2024 · until 2029
Director · represented by Erik Van Den Eynden
Also active at: NEDCO, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, HANSIMMO, ODEBRECHT +16 more
since 2024 · until 2029
Shareholders
50%
Participations
FUSE ARCHITECTURE & INTERIOR DESIGN SRL
100%
PROXIMUS PROPERTIES SRL
100%
DMA ARCHITECTURE & INTERIOR DESIGN SRL
100%
SPEEDWELL SRL
100%
Speedwell Polska Sp. z o.o. (former PDC INDUSTRIAL CENTER 292 Sp. z o.o.)
100%
Spaceplus SRL
100%
Vividom Development Sp. z o.o. (former PDC INDUSTRIAL CENTER 289 Sp. z o.o.)
100%
Speedwell Kasprszaka (former PDC Industrilal 287) sp. z.o.o.
100%
GEDANIA RIVERSIDE LIVING SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ (former BPI Project VIII Sp. z o.o.)
50%
FOCUS MANAGEMENT & ACCOUNTING SRL
49%
Establishments
Establishment units
Physical locations of this company
BUCURESTI-PLOIESTI ROAD 89
- BOEKAREST
Spinnerijkaai(Kor) 45 box 204
8500 Kortrijk
Active since 23 April 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0767.455.189
- VAT number
- BE 0767.455.189
- Registered office
- BUCURESTI-PLOIESTI ROAD 89, - BOEKAREST
- Names & denominations
- VERVEX CAPITAL
- Enterprise type
- Rechtspersoon
- Legal form
- Foreign entity
- Legal situation
- Normale toestand
- Start date
- 23 April 2021
- Peppol
- Not registered