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 21 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
VS INSURANCE from Oostende, company number BE0864457565, closed financial year 2024 with a result of € -26,671 after tax. For that financial year VS INSURANCE recorded a gross margin of € 351,283 and equity of € 76,546. Compared with financial year 2023, the result moved from € 67,195 to € -26,671. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2025.
€ 76,546
▼ 26% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,671
▼ still € 67,195 profit in 2023
Profit after tax over the fiscal year.
€ 45,632
▲ € 41,395 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 57,946.
People and assets in 2024
4.8
▼ 0.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 312,304
▲ 5% vs 2023
€ 65,100 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.
€ 4,970
▼ 56% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 25,983
▼ 59% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 53,325
▲ 26% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 801,576 | € 420,515 | € 433,488 | € 351,283 | ▼ 19% |
| Profit after taxes | € 491,265 | € 30,488 | € 67,195 | € -26,671 | ▼ € 93,866 |
| Equity | € 26,534 | € 27,022 | € 103,217 | € 76,546 | ▼ 26% |
| Total debts | € 674,535 | € 334,881 | € 303,103 | € 529,513 | ▲ 75% |
| Cash | € 343 | € 226 | € 4,237 | € 45,632 | ▲ € 41,395 |
| Retained profit | € 16,934 | € 17,422 | € 84,617 | € 57,946 | ▼ 32% |
| Dividend | € 490,000 | € 30,000 | € 0 | € 0 | |
| Balance sheet total | € 701,069 | € 361,903 | € 406,320 | € 606,059 | ▲ 49% |
| Employees (FTE) | 5.1 | 5.3 | 5.1 | 4.8 | ▼ 0.3 |
Key figures of VS INSURANCE, 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 VS INSURANCE?
What happened at VS INSURANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 26,671 (▼ € 93,866 vs 2023). Source: NBB ↗
- Concordia NV became a director. NBB
- Luc Van Antwerpen became a director. NBB
- New establishment in Jalhay. KBO
- New establishment in Oostende. KBO
- New establishment in Beloeil. KBO
- Start of the company according to the CBE. KBO
In short
From € 491,265 profit in 2021 to € 26,671 loss in 2024.
Paid € 37,194 in corporate taxes since 2021.
Best year ever: 2021, with € 491,265 profit.
On average € 73,200 of value added per employee in 2024.
Management
The stake of CONCORDIA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VS INSURANCEBehind VS INSURANCE are Concordia NV and Luc Van Antwerpen. The shares are held by CONCORDIA (100%).
Directors
According to the 2024 annual accounts
Director · represented by Steve Sartor
Also active at: ATTENTIA Preventie & bescherming, Van Schoote
since 2023
Luc Van Antwerpen
Director
Also active at: VAN ANTWERPEN & PARTNERS, CONCORDIA, Van Schoote, ReThink-IT, BREDASTRAAT
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Alfons Pieterslaan 90-92
8400 Oostende
Rue Grande (Bas) 97
7971 Beloeil
Active since 1 April 2004
Avenue Jean Gouders(SART) 115
4845 Jalhay
Active since 1 April 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0864.457.565
- VAT number
- BE 0864.457.565
- Registered office
- Alfons Pieterslaan 90-92, 8400 Oostende
- Names & denominations
- VS INSURANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2004
- Peppol
- Active · Active since 21 Oct 2026
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