Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VF PROJECTS from Kortrijk, company number BE0881988039, closed financial year 2025 with a result of € 14,439 after tax. For that financial year VF PROJECTS recorded a gross margin of € 53,246 and equity of € 164,901. Compared with financial year 2024, the result moved from € 324 to € 14,439. 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 12, 2026.
€ 164,901
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,439
▲ € 14,115 vs 2024
Profit after tax over the fiscal year.
€ 3
▼ € 4,363 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 146,301.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 15,120
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 25,717
▲ 4% vs 2024
€ 9,863 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 7,228
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,677
▲ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,590 | € 31,987 | € 20,586 | € 53,246 | ▲ 159% |
| Profit after taxes | € -9,313 | € 11,183 | € 324 | € 14,439 | ▲ € 14,115 |
| Equity | € 138,955 | € 150,138 | € 150,462 | € 164,901 | ▲ 10% |
| Total debts | € 85,202 | € 95,719 | € 91,351 | € 72,879 | ▼ 20% |
| Cash | € 2,789 | € 16 | € 4,367 | € 3 | ▼ € 4,363 |
| Retained profit | € 120,355 | € 131,538 | € 131,862 | € 146,301 | ▲ 11% |
| Bank debt | € 55,870 | € 44,376 | € 24,635 | € 25,717 | ▲ 4% |
| Balance sheet total | € 224,157 | € 245,857 | € 241,813 | € 237,780 | ▼ 2% |
Key figures of VF PROJECTS, 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 VF PROJECTS?
What happened at VF PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 14,439 (▲ € 14,115 vs 2024). Source: NBB ↗
- New establishment in Zwevegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,313 loss in 2022 to € 14,439 profit in 2025.
Paid € 23,946 in corporate taxes since 2022.
Best year ever: 2025, with € 14,439 profit.
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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
Frank Vandoorne
Director
Establishments
Establishment units
Physical locations of this company
Cannaertstraat(Mar) 53
8510 Kortrijk
Lindelaan(Z) 70 box E
8550 Zwevegem
Active since 1 July 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0881.988.039
- VAT number
- BE 0881.988.039
- Registered office
- Cannaertstraat(Mar) 53, 8510 Kortrijk
- Names & denominations
- VF PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2006
- Peppol
- Active · Active since 1 Oct 2024
- Activities · NACE
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Beheer van overig onroerend goed
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige zakelijke dienstverlening, neg
Handel in eigen onroerend goed
Handel in onroerend goed
Overige zakelijke dienstverlening, n.e.g.
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
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