Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.8 to 2.5.
Financials
Financial year 2024
VHLM from Beveren-Kruibeke-Zwijndrecht, company number BE0829900524, closed financial year 2024 with a result of € -20,721 after tax. For that financial year VHLM recorded a gross margin of € 207,286 and equity of € 213,924. Compared with financial year 2023, the result moved from € 18,828 to € -20,721. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 213,924
▼ 9% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,721
▼ still € 18,828 profit in 2023
Profit after tax over the fiscal year.
€ 7,888
▲ 105% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 195,324.
People and assets in 2024
2.5
▼ 1.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 109,050
▼ 28% vs 2023
€ 43,600 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.
€ 20,629
▼ 45% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 439,908
▲ 15% vs 2023
€ 20,354 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 82,811
▲ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 16,841
▼ 71% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 347,313 | € 353,409 | € 299,258 | € 207,286 | ▼ 31% |
| Profit after taxes | € 64,698 | € 38,721 | € 18,828 | € -20,721 | ▼ € 39,549 |
| Equity | € 177,096 | € 215,817 | € 234,645 | € 213,924 | ▼ 9% |
| Total debts | € 700,951 | € 726,617 | € 766,564 | € 723,125 | ▼ 6% |
| Cash | € 58,571 | € 56,448 | € 3,852 | € 7,888 | ▲ 105% |
| Land & buildings | € 264,000 | € 286,918 | € 260,032 | € 233,145 | ▼ 10% |
| Retained profit | € 158,496 | € 197,217 | € 216,045 | € 195,324 | ▼ 10% |
| Bank debt | € 304,753 | € 415,769 | € 383,722 | € 439,908 | ▲ 15% |
| Balance sheet total | € 878,047 | € 942,433 | € 1,001,208 | € 937,049 | ▼ 6% |
| Employees (FTE) | 4.9 | 4.8 | 4.2 | 2.5 | ▼ 1.7 |
Key figures of VHLM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VHLM?
What happened at VHLM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 20,721 (▼ € 39,549 vs 2023). filed late Source: NBB ↗
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 64,698 profit in 2021 to € 20,721 loss in 2024.
Paid € 39,311 in corporate taxes since 2021.
Best year ever: 2021, with € 64,698 profit.
On average € 82,900 of value added per employee in 2024.
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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
Behind VHLM are Michel Van Hal and Li Huang . Michel Van Hal is also behind VHLM PRODUCTS and VHLM INVEST.
Directors
According to the 2024 annual accounts
Li Huang
Director
Establishments
Establishment units
Physical locations of this company
Doornpark(BEV) 7
9120 Beveren-Kruibeke-Zwijndrecht
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0829.900.524
- VAT number
- BE 0829.900.524
- Registered office
- Doornpark(BEV) 7, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- VHLM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2010
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Schrijnwerk
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.
Bouwrijp maken van terreinen
Goederenvervoer over de weg
Niet-gespecialiseerde groothandel
Bouw van andere civieltechnische werken, neg
Diensten in verband met vervoer te land
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