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 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LTVK from Zulte, company number BE0807832628, closed financial year 2025 with a result of € 8,484 after tax. For that financial year LTVK recorded a gross margin of € 286,383 and equity of € 82,349. Compared with financial year 2024, the result moved from € 142 to € 8,484. 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 November 21, 2025.
€ 82,349
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,484
▲ € 8,342 vs 2024
Profit after tax over the fiscal year.
€ 11,823
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 62,349.
People and assets in 2025
2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 80,986
▲ 15% vs 2024
€ 40,500 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.
€ 256,847
▲ 287% vs 2024
Of which on lease € 155,045.
Debts at end 2025
€ 367,904
▲ 84% vs 2024
€ 168,806 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 162,730
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,072
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 317,526 | € 262,676 | € 164,699 | € 286,383 | ▲ 74% |
| Profit after taxes | € 870 | € -23,881 | € 142 | € 8,484 | ▲ € 8,342 |
| Equity | € 97,676 | € 73,795 | € 73,937 | € 82,349 | ▲ 11% |
| Total debts | € 680,165 | € 578,190 | € 559,917 | € 684,245 | ▲ 22% |
| Cash | € 9,968 | - | € 0 | € 11,823 | |
| Land & buildings | € 763 | - | € 0 | - | |
| Retained profit | € 77,676 | € 53,795 | € 53,937 | € 62,349 | ▲ 16% |
| Bank debt | € 372,821 | € 256,580 | € 200,007 | € 367,904 | ▲ 84% |
| Balance sheet total | € 777,841 | € 651,986 | € 633,854 | € 766,594 | ▲ 21% |
| Employees (FTE) | 4.8 | 4 | 1.8 | 2 | ▲ 0.2 |
Key figures of LTVK, 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 October 2026.
What happened to LTVK?
What happened at LTVK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,484 (▲ € 8,342 vs 2024). filed late Source: NBB ↗
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 870 profit in 2022 to € 8,484 profit in 2025.
Paid € 2,647 in corporate taxes since 2022.
Best year ever: 2025, with € 8,484 profit.
On average € 143,200 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
Directors
According to the 2025 annual accounts
Kenneth Vermiesch
bestuurder
Establishments
Establishment units
Physical locations of this company
Brandstraat 12
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0807.832.628
- VAT number
- BE 0807.832.628
- Registered office
- Brandstraat 12, 9870 Zulte
- Names & denominations
- LTVK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 2008
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Landschapsverzorging
Schrijnwerk
Overige gespecialiseerde bouwactiviteiten in de constructie van gebouwen, neg
Metselwerk
Bouwrijp maken van terreinen
Installatie van isolatie
Overige gespecialiseerde bouwactiviteiten, neg
Teelt van bloemen
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