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 14 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
VF PROJECT from Jabbeke, company number BE0886716194, closed financial year 2026 with a result of € 8,179 after tax. For that financial year VF PROJECT recorded a gross margin of € 86,138 and equity of € 694,905. Compared with financial year 2025, the result moved from € 85,668 to € 8,179. The company is profitable. 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 October 15, 2026.
€ 694,905
▲ 1% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,179
▼ 90% vs 2025
Profit after tax over the fiscal year.
€ 21,758
▼ 69% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 676,305.
People and assets in 2026
€ 53,674
▼ 21% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 385,924
▼ 11% vs 2025
€ 48,359 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 716
▼ 6% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 8,071
▼ 34% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 199,013 | € 176,877 | € 216,629 | € 86,138 | ▼ 60% |
| Profit after taxes | € 90,694 | € 96,799 | € 85,668 | € 8,179 | ▼ 90% |
| Equity | € 504,260 | € 601,059 | € 686,727 | € 694,905 | ▲ 1% |
| Total debts | € 464,662 | € 555,334 | € 571,100 | € 546,863 | ▼ 4% |
| Cash | € 217,297 | € 103,526 | € 69,831 | € 21,758 | ▼ 69% |
| Land & buildings | € 679,588 | € 665,835 | € 966,374 | € 1,015,030 | ▲ 5% |
| Retained profit | € 485,660 | € 582,459 | € 668,127 | € 676,305 | ▲ 1% |
| Dividend | € 157,957 | € 0 | € 0 | € 0 | |
| Bank debt | € 214,098 | € 395,016 | € 432,889 | € 385,924 | ▼ 11% |
| Balance sheet total | € 968,922 | € 1,156,393 | € 1,257,827 | € 1,241,768 | ▼ 1% |
Key figures of VF PROJECT, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to VF PROJECT?
What happened at VF PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 8,179 (▼ 90% vs 2025). Source: NBB ↗
- New establishment in Jabbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 90,694 profit in 2023 to € 8,179 profit in 2026.
Paid € 118,090 in corporate taxes since 2023.
Best year ever: 2024, with € 96,799 profit.
Paid out € 157,957 in dividends to the owners in total.
Management
Behind VF PROJECT is Tim D'Hoest. Tim D'Hoest is also behind ROMATI and DMCI.
Establishments
Establishment units
Physical locations of this company
Romain Maesstraat 15
8490 Jabbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0886.716.194
- VAT number
- BE 0886.716.194
- Registered office
- Romain Maesstraat 15, 8490 Jabbeke
- Names & denominations
- VF PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2007
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
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Activiteiten van holdings
Holdings