Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
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Late annual account NBB
Fiscal year 2025 was filed 205 days after the legal deadline.
Financials
Financial year 2025
VLEUGELS-M from Leuven, company number BE0785721972, closed financial year 2025 with a result of € 37,862 after tax. For that financial year VLEUGELS-M recorded a gross margin of € 457,286 and equity of € 97,973. Compared with financial year 2024, the result moved from € 28,832 to € 37,862. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 97,973
▲ 63% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,862
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 21,242
▼ 16% 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 € 94,973.
People and assets in 2025
€ 347,609
▲ 44% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 15,987
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 148,745
▼ 16% vs 2024
€ 29,289 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 49,972
▲ € 48,860 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 45,027
▼ 43% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 105,678 | € 323,274 | € 457,286 | ▲ 41% |
| Profit after taxes | € 28,278 | € 28,832 | € 37,862 | ▲ 31% |
| Equity | € 31,278 | € 60,110 | € 97,973 | ▲ 63% |
| Total debts | € 182,984 | € 268,075 | € 243,743 | ▼ 9% |
| Cash | € 8,254 | € 25,318 | € 21,242 | ▼ 16% |
| Retained profit | € 28,278 | € 57,110 | € 94,973 | ▲ 66% |
| Bank debt | € 90,714 | € 177,588 | € 148,745 | ▼ 16% |
| Balance sheet total | € 214,262 | € 328,185 | € 341,716 | ▲ 4% |
Key figures of VLEUGELS-M, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 November 2026.
What happened to VLEUGELS-M?
What happened at VLEUGELS-M in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Herent. KBO
- New annual accounts for financial year 2025: profit of € 37,862 (▲ 31% vs 2024). filed late Source: NBB ↗
- New establishment in Leuven. KBO
- New establishment in Leuven. KBO
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,278 profit in 2023 to € 37,862 profit in 2025.
Paid € 25,880 in corporate taxes since 2023.
Best year ever: 2025, with € 37,862 profit.
A new publication or filing at VLEUGELS-M? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Manuel Vleugels
Director
Establishments
Establishment units
Physical locations of this company
Aarschotsesteenweg 551
3012 Leuven
Jean-Baptiste Van Monsstraat 127 box 1
3000 Leuven
Active since 4 May 2022
Maria-Theresiastraat 12A
3000 Leuven
Active since 9 June 2023
Mechelsesteenweg 543
3020 Herent
Active since 1 September 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0785.721.972
- VAT number
- BE 0785.721.972
- Registered office
- Aarschotsesteenweg 551, 3012 Leuven
- Names & denominations
- VLEUGELS-M
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2022
- Peppol
- Active · Active since 18 Jun 2026
- Activities · NACE
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Catering van evenementen
Industriële vervaardiging van brood en van vers banketbakkerswerk
Vervaardiging van cacao, chocolade en suikerwerk