Financials
Financial year 2025
VEMOD from Kortrijk, company number BE0786196084, closed financial year 2025 with a result of € 2.9 million after tax. For that financial year VEMOD recorded revenue of € 5.6 million and equity of € 11.8 million. Compared with financial year 2024, the result moved from € 2.6 million to € 2.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 26, 2026.
€ 11.8 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.9 million
▲ 10% vs 2024
Profit after tax over the fiscal year.
€ 248,448
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 400,000 paid out
14 % of the profit went to the shareholders, mostly to Lvs Bouwmaterialen (50 % of the shares). That is where the money ends up.
People and assets in 2025
7.5
Average over the fiscal year, from the social balance sheet.
€ 716,673
▲ 2% vs 2024
€ 95,600 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.
€ 239,659
▼ 6% vs 2024
Of which on lease € 239,659.
Debts at end 2025
€ 443,043
▼ 60% vs 2024
€ 154,063 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 103,010
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 158,291
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,437,851 | € 7,820,774 | € 5,153,665 | € 5,614,563 | ▲ 9% |
| Profit after taxes | € 3,533,519 | € 4,495,898 | € 2,642,468 | € 2,913,938 | ▲ 10% |
| Equity | € 3,781,584 | € 7,477,482 | € 9,319,950 | € 11,833,887 | ▲ 27% |
| Total debts | € 3,790,901 | € 2,972,301 | € 2,996,884 | € 3,817,081 | ▲ 27% |
| Cash | € 1,020,411 | € 6,542,076 | € 1,724,605 | € 248,448 | ▼ 86% |
| Retained profit | € 3,736,057 | € 7,431,955 | € 9,274,423 | € 11,788,360 | ▲ 27% |
| Dividend | € 0 | € 800,000 | € 800,000 | € 400,000 | ▼ 50% |
| Bank debt | € 1,274,115 | € 1,604,020 | € 1,116,604 | € 443,043 | ▼ 60% |
| Balance sheet total | € 7,572,485 | € 10,449,782 | € 12,316,834 | € 15,650,969 | ▲ 27% |
| Employees (FTE) | 7.5 | 7.5 | 7.5 | 7.5 |
Key figures of VEMOD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VEMOD?
What happened at VEMOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.9 million (▲ 10% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- V-mat BV became a director. NBB
- Lvs Bouwmaterialen BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3.5 million profit in 2022 to € 2.9 million profit in 2025.
Paid € 4.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 4.5 million profit.
Paid out € 2 million in dividends to the owners in total.
Management
The stake of Lvs Bouwmaterialen, V-MAT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VEMODBehind VEMOD are V-mat BV and Lvs Bouwmaterialen BV. The shares are held by Lvs Bouwmaterialen (50%) and V-MAT (50%). It owns 100% of Toimat France SAS and 99.9% of Bouwmaterialen Modde NV itself.
Directors
According to the 2025 annual accounts
since 2022
Director · represented by Lien Veys
since 2022
Shareholders
50%
Participations
Toimat France SAS
100%
99.9%
Establishments
Establishment units
Physical locations of this company
Industrielaan(Heu) 8A
8501 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0786.196.084
- VAT number
- BE 0786.196.084
- Registered office
- Industrielaan(Heu) 8A, 8501 Kortrijk
- Names & denominations
- VEMOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2022
- Peppol
- Active · Active since 27 Mar 2025
- Activities · NACE
Activiteiten van hoofdkantoren
Activiteiten van holdings
Holdings
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