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 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
V.B.C.O. from Herzele, company number BE0835277787, closed financial year 2025 with a result of € -36,168 after tax. For that financial year V.B.C.O. recorded a gross margin of € -13,977 and equity of € 34,711. Compared with financial year 2024, the result moved from € 9,537 to € -36,168. The company made a loss. The buffer shrank hard: equity is 91 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 34,711
▼ 91% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,168
▼ still € 9,537 profit in 2024
Profit after tax over the fiscal year.
€ 5,405
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 16,111.
Debts at end 2025
€ 322,754
▲ 259% vs 2024
€ 14,379 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 114,640
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,914
▼ 84% vs 2024
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 | € 45,836 | € 62,481 | € 62,515 | € -13,977 | ▼ € 76,491 |
| Profit after taxes | € 10,899 | € 14,005 | € 9,537 | € -36,168 | ▼ € 45,705 |
| Equity | € 344,957 | € 358,962 | € 368,499 | € 34,711 | ▼ 91% |
| Total debts | € 1,552,176 | € 1,254,845 | € 517,265 | € 979,230 | ▲ 89% |
| Cash | € 242,108 | € 82,552 | € 178,074 | € 5,405 | ▼ 97% |
| Land & buildings | € 217,690 | € 212,817 | € 207,944 | € 207,376 | |
| Retained profit | € 326,357 | € 340,362 | € 349,899 | € 16,111 | ▼ 95% |
| Dividend | € 0 | € 0 | € 0 | € 297,620 | |
| Bank debt | € 116,839 | € 558,458 | € 89,993 | € 322,754 | ▲ 259% |
| Balance sheet total | € 2,056,165 | € 1,754,444 | € 1,008,007 | € 1,117,790 | ▲ 11% |
Key figures of V.B.C.O., 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 V.B.C.O.?
What happened at V.B.C.O. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 36,168 (▼ € 45,705 vs 2024). Source: NBB ↗
- Stefaan Van Boxstael became a director. NBB
- Gunther Van Boxstael became a director. NBB
- Franky Van Boxstael became a director. NBB
- New establishment in Herzele. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,899 profit in 2022 to € 36,168 loss in 2025.
Paid € 17,357 in corporate taxes since 2022.
Best year ever: 2023, with € 14,005 profit.
Paid out € 297,620 in dividends to the owners in total.
Management
Behind V.B.C.O. are Stefaan Van Boxstael, Gunther Van Boxstael and Franky Van Boxstael. The same people are also behind JONNY VAN BOXSTAEL EN ZONEN. Stefaan Van Boxstael is also behind STEVABO & CO. Gunther Van Boxstael is also behind GVB PROJECTS. Franky Van Boxstael is also behind FVB BUILD.
Directors
According to the 2025 annual accounts
since 2022
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Ketegemstraat 9 box E
9552 Herzele
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
- 0835.277.787
- VAT number
- BE 0835.277.787
- Registered office
- Ketegemstraat 9 bus E, 9552 Herzele
- Names & denominations
- V.B.C.O.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 2011
- Peppol
- Active · Active since 8 Jul 2024
- Activities · NACE
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