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VMF

Active
Public limited companyfounded 1921104 yrs activePeerstraat 25, 3290 Diest, BelgiumKBO/BCE: BE 0400.930.395
Summary

VMF has been active since 1921 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €112k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 422 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
69 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+4
Solvency50▲+2
Growth70=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.09 in 2024; short-term debt: 27.8% and cash: 0.2% of total assets), and 74.9% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 104 years 0 110 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25.1%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 d early
2024
36 d early
2023
28 d early
2022
21 d early
2021
26 d early
2020
31 d late
2019
89 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€427k▲ 1.4%
2022 · €421k
2018: €309k 2019: €232k 2020: €353k 2021: €430k 2022: €421k
2018 → 2023
EBIT margin
28.7%▼ 22.8pp
2022 · 51.5%
2018: -39.7% 2019: -54.4% 2020: -35.9% 2021: 37.9% 2022: 51.5%
2018 → 2023
Net result
€112k
2024 · €-30k
2018: €-142k 2019: €-142k 2020: €243k 2021: €215k 2022: €82k 2023: €806k 2024: €-30k
2018 → 2025
Working capital
€-1.11M▲ 41.7%
2024 · €-1.90M
2018: €-391k 2019: €-793k 2020: €-808k 2021: €287k 2022: €207k 2023: €-1.98M 2024: €-1.90M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€430k-€421k▼ 2.0%€427k▲ 1.4%
Equity€82k-€164k▲ 99.9%€969k▲ 493%€939k▼ 3.1%€1.05M▲ 11.9%
Operating result€163k-€217k▲ 33.0%€123k▼ 43.4%€55k▼ 55.0%€113k▲ 105%
Net result€215k-€82k▼ 62.1%€806k▲ 886%€-30k€112k
Result per fiscal year
Operating resultNet result
€-250k€0€250k€500k€750kOperating result 2021: €163k€163kNet result 2021: €215k€215kOperating result 2022: €217k€217kNet result 2022: €82k€82kOperating result 2023: €123k€123kNet result 2023: €806k€806kOperating result 2024: €55k€55kNet result 2024: €-30k€-30kOperating result 2025: €113k€113kNet result 2025: €112k€112k20212022202320242025€-250k€0€250k€500k€750kOperating result 2023: €123k€123kNet result 2023: €806k€806kOperating result 2024: €55k€55kNet result 2024: €-30k€-30kOperating result 2025: €113k€113kNet result 2025: €112k€112k202320242025
The operating result recovers in 2025; 2025 is 105% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.19M
Fixed assets €4.13M ▲ 7.6%
Current assets €57k ▼ 69.0%
Equity and liabilities €4.19M
Equity €1.05M ▲ 11.9%
Provisions €121k =
Debt €3.02M ▲ 1.7%
Debt's share of the balance-sheet total falls from 73.7% to 72.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€185k
2024 · €134k
Cash flow
€183k
2024 · €49k
Current ratio
0.05
2024 · 0.09
Debt to equity
2.87
2024 · 3.16
ROE
10.7%
2024 · -3.2%
ROA
2.7%
2024 · -0.7%
Interest coverage
22.72
2024 · 30.80
Debt ≤ 1 year
€1.16M
2024 · €2.08M
Debt > 1 year
€1.85M
2024 · €881k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet Code20242025
Assets
Total assets20/58€4.03M€4.19M
Fixed assets21/28€3.84M€4.13M
Intangible fixed assets21€3k€1k
Tangible fixed assets22/27€499k€792k
Land and buildings22€313k€310k
Plant, machinery and equipment23€5k€6k
Furniture and vehicles24€69k€19k
Other tangible fixed assets26€112k€457k
Financial fixed assets28€3.34M€3.34M=
Current assets29/58€185k€57k
Amounts receivable within one year40/41€152k€47k
Trade receivables40€3k€28k
Other amounts receivable41€150k€19k
Cash at bank and in hand54/58€33k€10k
Deferred charges and accrued income490/1€455-
Equity and liabilities
Total equity and liabilities10/49€4.03M€4.19M
Equity10/15€939k€1.05M
Contributions10/11€879k€879k=
Capital10€879k€879k=
Issued capital100€879k€879k=
Reserves13€422k€422k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€13k€13k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€403k€403k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-362k€-250k
Provisions and deferred taxes16€121k€121k=
Provisions for liabilities and charges160/5€121k€121k=
Major repairs and maintenance162€121k€121k=
Amounts payable17/49€2.97M€3.02M
Amounts payable after more than one year17€881k€1.85M
Financial debts170/4€15k€268k
Other amounts payable178/9€866k€1.58M
Amounts payable within one year42/48€2.08M€1.16M
Current portion of amounts payable after more than one year42€16k€39k
Trade debts44€7k€69k
Suppliers440/4€7k€69k
Taxes, remuneration and social security45€6k€1k
Taxes450/3€6k€1k
Other amounts payable47/48€2.05M€1.05M
Accrued charges and deferred income492/3€4k€4k
Income statement Code20242025
Non-recurring operating income76A-€15k
Remuneration, social security and pensions62€176-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€71k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-15k-
Other operating charges640/8€5k€1k
Non-recurring operating charges66A€1k-
Gross operating margin9900€125k€186k
Operating profit (loss)9901€55k€113k
Financial income75/76B€64k€7k
Recurring financial income75€64k€7k
Financial charges65/66B€149k€8k
Recurring financial charges65€4k€8k
Non-recurring financial charges66B€145k-
Profit (loss) for the period before taxes9903€-30k€112k
Profit (loss) for the period9904€-30k€112k
Profit (loss) for the period to be appropriated9905€-30k€112k
Appropriation of the result
Profit (loss) to be appropriated9906€-362k€-250k
Profit (loss) brought forward from the previous period14P€-332k€-362k

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
17-06
State Gazette act Resignation: Bart Henkens (director)
Director discharge3 facts ▸
  • Board meeting, 05-01-2026
  • Director resignation, Bart Henkens (director)
  • Director discharge, Bart Henkens
2025
31-12
Financial Back to profitnet €112k
Net result €112k after one loss-making year.
31-12
Financial Equity above €1MEq €1.05M ▲11.9%
Equity rises from €939k to €1.05M.
25-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-08
State Gazette act Reappointments: Twiggy Verbeeck (director) and Bart Henkens (director)
3 facts ▸
  • General meeting, 07-06-2024
  • Director reappointment, Twiggy Verbeeck (director)
  • Director reappointment, Bart Henkens (director)
03-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €806k ▲886%
Net result €806k, the highest in the series.
31-12
Financial Equity above €500kEq €969k ▲493%
4 profitable years in a row build equity to €969k.
22-12
State Gazette act Statutes amendment
Capital3 facts ▸
  • General meeting, 18-12-2023
  • Statutes amendment
  • Capital, €878.910
10-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Equity above €150kEq €164k ▲99.9%
3 profitable years in a row build equity to €164k.
Show earlier events
01-08
State Gazette act Reappointments: Gert Van Erum (director) and Bart Henkens (director)
3 facts ▸
  • General meeting, 30-06-2022
  • Director reappointment, Gert Van Erum (director)
  • Director reappointment, Bart Henkens (director)
05-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Liquidity times 14current ratio 2.94
Current ratio from 0.20 to 2.94; short-term debt falls from €1.01M to €148k.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Back to profitnet €243k
Net result €243k after 2 loss-making years.
01-12
State Gazette act Appointments: BDO Bedrijfsrevisoren Burg. Venn. bvba (statutory auditor) and Michel Dupont (statutory auditor)
Permanent representative: Gert Maris · Mandate compensation5 facts ▸
  • General meeting, 15-09-2020
  • Auditor appointment, BDO Bedrijfsrevisoren Burg. Venn. bvba (statutory auditor)
  • Permanent representative, Gert Maris
  • Mandate compensation, BDO Bedrijfsrevisoren Burg. Venn. bvba
  • Auditor appointment, Michel Dupont (statutory auditor)
28-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
11-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
26-06
State Gazette act Reappointment: Twiggy Verbeeck (director)
2 facts ▸
  • General meeting, 01-06-2018
  • Director reappointment, Twiggy Verbeeck (director)
2017
11-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
2016
04-11
State Gazette act Statutes amendment
Purpose change2 facts ▸
  • General meeting, 19-10-2016
  • Purpose change, Uitbreiding van het doel met activiteiten zoals yogalessen, relaxatie- en gesprekstherapie, massages, voetreflexologie, voedingsadvies, workshops, uitbating van…
22-09
State Gazette act Reappointment: Gert Van Erum (managing director)
2 facts ▸
  • General meeting, 03-06-2016
  • Director reappointment, Gert Van Erum (managing director)
30-08
State Gazette act Reappointments: Gert Van Erum (director) and Bart Henkens (director)
3 facts ▸
  • General meeting, 03-06-2016
  • Director reappointment, Gert Van Erum (director)
  • Director reappointment, Bart Henkens (director)
2014
15-04
State Gazette act Statutes amendment
Name change · Registered-office move · Power of attorney4 facts ▸
  • General meeting, 24-03-2014
  • Name change, VMF
  • Registered-office move, 3290 Diest, Peerstraat 25
  • Power of attorney, Bart Henkens
07-01
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 29-11-2013
  • Registered-office move, Peerstraat 25,3290 Diest
2013
09-01
State Gazette act Appointment: Twiggy Verbeeck (director)
2 facts ▸
  • Board meeting, 14-12-2012
  • Director appointment, Twiggy Verbeeck (director)
2012
29-10
State Gazette act Resignation: Vanerum Holding Company NV (director)
Permanent representative: Luk Busschop · Director discharge5 facts ▸
  • Director resignation, Vanerum Holding Company NV (director)
  • Permanent representative, Luk Busschop
  • Director discharge, Vanerum Holding Company NV
  • Board meeting, 12-09-2012
  • General meeting, 12-09-2012
2011
14-10
State Gazette act Statutes amendment
Name change · Power of attorney3 facts ▸
  • General meeting, 27-09-2011
  • Name change, VANERUM MANUFACTURING
  • Power of attorney, Bart Henkens
25-05
State Gazette act Appointment: BDO Atrio Bedrijfsrevisoren Burg. C.V. (statutory auditor)
3 facts ▸
  • Board meeting, 10-12-2010
  • General meeting, 20-12-2010
  • Auditor appointment, BDO Atrio Bedrijfsrevisoren Burg. C.V. (statutory auditor)
07-01
State Gazette act Capital & shares
Capital increase · Capital · Statutes amendment5 facts ▸
  • General meeting, 20-12-2010
  • Capital increase, €750.000
  • Capital, €878.910
  • Statutes amendment
  • Power of attorney, Bart Henkens
2010
27-08
State Gazette act Purpose · Statutes amendment
Purpose change · Statutes amendment · Capital7 facts ▸
  • General meeting, 10-08-2010
  • Purpose change, De vennootschap heeft als doel, zowel voor eigen rekening, voor rekening van derden of in deelneming met derden: -De productie, vervaardigen, plaatsen van, groo…
  • Statutes amendment
  • Capital, €128.910
  • Power of attorney, Bart Henkens
  • Capital
  • Capital, €600,16
06-07
State Gazette act Resignations: Magdaleine Jans, NV Matcomad and Mathieu Coenegrachts
Appointments: Gert Van Erum, Bart Henkens and Vanerum Holding Company nv · Permanent representative: Luk Busschop · Director discharge13 facts ▸
  • Board meeting, 21-06-2010
  • General meeting, 21-06-2010
  • Director resignation, Magdaleine Jans (director)
  • Director resignation, NV Matcomad (director)
  • Director resignation, Mathieu Coenegrachts (director)
  • Director discharge, Magdaleine Jans
  • Director discharge, NV Matcomad
  • Director discharge, Mathieu Coenegrachts
  • Director appointment, Gert Van Erum (director)
  • Director appointment, Bart Henkens (director)
  • Director appointment, Vanerum Holding Company nv (director)
  • Permanent representative, Luk Busschop
  • +1 further facts in this act
2003
27-06
State Gazette act Capital & shares · Statutes amendment · Resignations & appointments
Capital · Capital increase · Statutes amendment7 facts ▸
  • General meeting, 04-06-2003
  • Capital, €128.904,63
  • Capital increase, €5,37
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
2 directors, no change since 2026
Twiggy Verbeeck
Director · since 14-12-2012
Current
Gert Van Erum
Director · since 21-06-2010
Current
28-02-2026 Bart Henkens: Resigned as Director
01-06-2024 Twiggy Verbeeck: Mandate renewed as Director
31-05-2024 Bart Henkens: Mandate renewed as Director
19-06-2022 Gert Van Erum: Mandate renewed as Director
19-06-2022 Bart Henkens: Mandate renewed as Director
Full history in the Timeline (16 changes) →
Location & real-estate footprint
Registered office, Diest · 2 establishment units since 1921
establishment All 2 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Peerstraat 253290 Diest
Ground area
7,053 m²
Building footprint
576 m²
Volume, LiDAR
2,951 m³
2 parcels, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Peerstraat 25, 3290 Diest
NACE 2030102
since 19212.010.218.102
Vesta
Langedijkstraat 36, 3290 DiestManufacture of metal structures and parts of structures
since 20212.320.203.772
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24097A0242/00H000 Flanders 4,177 m² 1 · 337 m² 7.5 m · 2 fl.
24097B0207/00M000 Flanders 2,876 m² 1 · 239 m² 6.9 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

2 auditors
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent
Statutory auditor · represented by Gert Maris
01-01-2020 → present
Michel DupontCurrent
Statutory auditor
01-01-2020 → present
Show 1 earlier auditors
BDO Atrio Bedrijfsrevisoren Burg. C.V.
Statutory auditor
succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2020
20-12-2010 → 01-01-2020

Articles of association

Purpose
Het geven van yogalessen; Het verlenen van relaxatie- en gesprekstherapie; Massages geven; Het beoefenen van voetreflexologie; Het verlenen van voedingsadvies; Voedings- en…
Full purpose

Het geven van yogalessen; Het verlenen van relaxatie- en gesprekstherapie; Massages geven; Het beoefenen van voetreflexologie; Het verlenen van voedingsadvies; Voedings- en gezondheidsconsulente; Het organiseren van workshops voor kinderen en volwassenen, waaronder kookworkshops; De uitbating van een gezondheidsschool en het ter beschikking stellen van loken en diensten die hierop betrekking hebben; De productie, het vervaardigen, plaatsen van groot- en kleinhandel in alle soorten kantoor-, school- en bibliotheekmeubilair, zowel in hout als in metaal, en alle aanverwante artikelen; Interieuradvies en maken van schetsen en plannen met betrekking tot voornoemde kantoor- school- en bibliotheekmeubilair; Onderneming in timmer- en schrijnwerk en metalen schrijnwerk, omvattende onder meer schrijnwerk voor gebouwen, plaatsen van deuren, houten vensters en plinten, leggen van parketvloeren en andere houten bedekkingen van muren en vloeren, het plaatsen van ijzerwerk, metalen vensterluiken en metalen schrijnwerk, dit alles in de ruimste zin van het woord; Het verhandelen en de installatie van audiovisuele apparatuur; Algemene bouwwerkzaamheden en aannemerij; Stukadoorswerken; Plaatsen van ruiten, glas, spiegelglas, gekleurde ramen en van alle doorschijnend en doorzichtig materieel, bouwen van wanden en bedekkingen in doorschijnend beton; Alle schilder- en behangwerken in de ruimste zin van het woord; Montage en demontage van metaalconstructies; Plaatsen, herstellen, groot- en kleinhandel in, centrale verwarming, sanitaire installaties en toestellen, lood- en zinkwerk; Plaatsen en fabricage van elektrotechnische installaties, pneumatische en hydraulische apparatuur en alle aanverwante artikelen; Het bevorderen van de oprichting van vennootschappen door inbreng, participaties of investering; Het toestaan van leningen en kredietopnemingen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen; Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur; Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies; Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, know-how en aanverwante immateriële duurzame activa; De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in het kort tussenpersoon in de handel; Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe technologieën en hun toepassingen

Structure & network

Connections & network

7 connected companies

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1

Capital and shareholders

Capital over the years
  1. 22-12-2023 Capital stated in the act · 878,910 EUR · 2,080 shares
  2. 07-01-2011 Capital increase of 750,000 EUR · to 878,910 EUR · no new shares · in cash
  3. 27-08-2010 Capital stated in the act · 128,910 EUR · 2,080 shares
  4. 27-06-2003 Capital increase of 5.37 EUR · to 128,910 EUR · from reserves

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 207 EUR awarded · 207 EUR paid
Year Entries awardedpaid
2022 1 207 EUR207 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
1 entry · 207 EUR · 207 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,875 companies in sector 93199 we hold annual accounts for 605. 241 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded09-10-1921
Fiscal year end31-12
Activities, NACEBEL 2025
93199Other sports activities
25110Manufacture of metal structures and parts of structures
85599Other education
86995Nutrition and dietetics services
96999Other personal services
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.