V.C.E.
Annual accounts 2025
micro format, filed on 08-06-2026, 53 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €820,000. Estimated: probably between €570,000 and €1.1m.
Balance sheet
balance sheet total €1.2m on 31-12-2025in euro
in euro
Position in the sector
79.7%
Higher than 79% of 11,794 companies in 2025.
4.93
Higher than 79% of 11,521 companies in 2025.
18.4%
Higher than 63% of 11,605 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
1.2m | 998,834 | 911,740 | 811,246 | 910,667 | 832,263 | 731,228 | 640,663 | 408,286 | 326,736 | 295,294 | 246,332 | 281,835 | 224,755 | 162,765 | 197,106 | 113,617 | 127,568 | 102,551 | |
21/28 |
97,219 | 64,124 | 268,351 | 269,872 | 244,342 | 263,599 | 250,580 | 268,261 | 74,250 | 18,922 | 29,640 | 42,025 | 48,829 | 44,349 | 56,894 | 14,724 | 24,951 | 34,901 | 42,696 | |
22/27 |
97,219 | 64,124 | 268,351 | 269,872 | 244,342 | 263,599 | 250,580 | 268,261 | 74,250 | 18,922 | 29,640 | 42,025 | 48,829 | 44,349 | 56,894 | 14,724 | 24,951 | 34,901 | 42,696 | |
22 |
- | 0 | 181,364 | 186,970 | 192,576 | 198,182 | 203,788 | 209,394 | - | - | - | - | - | - | - | - | - | - | - | |
23 |
6,226 | 3,552 | 4,545 | 3,901 | 7,350 | 11,749 | 12,199 | 6,746 | 4,244 | 4,951 | 5,659 | 6,537 | 337 | 82 | 165 | 247 | - | - | - | |
24 |
90,993 | 60,572 | 82,443 | 79,001 | 44,416 | 53,668 | 34,593 | 52,121 | 70,006 | 13,970 | 23,981 | 35,488 | 48,492 | 44,267 | 56,730 | 14,477 | 24,951 | 34,901 | 42,696 | |
29/58 |
1.1m | 934,710 | 643,389 | 541,374 | 666,325 | 568,664 | 480,648 | 372,402 | 334,036 | 307,814 | 265,654 | 204,307 | 233,006 | 180,406 | 105,870 | 182,382 | 88,667 | 92,667 | 59,856 | |
40/41 |
182,946 | 150,199 | 34,231 | 119,014 | 60,450 | 43,391 | 34,272 | 34,698 | 26,405 | 56,519 | 18,574 | 7,715 | 15,685 | 17,997 | - | 41,259 | 11,806 | 13,378 | 12,979 | |
40 |
182,946 | 150,199 | 34,231 | 110,980 | 30,118 | 33,670 | 33,849 | 32,642 | 20,864 | 56,519 | 18,574 | 1,206 | 15,468 | 15,131 | - | 41,259 | 10,399 | 13,378 | 12,977 | |
41 |
- | - | 0 | 8,034 | 30,332 | 9,720 | 423 | 2,056 | 5,541 | - | 0 | 6,509 | 217 | 2,866 | - | - | 1,407 | - | 2 | |
50/53 |
834,603 | 706,017 | 368,879 | 231,002 | 296,064 | 130,006 | 15,000 | 151,126 | 159,767 | 70,262 | 46,118 | 21,986 | 100,000 | - | - | - | - | - | - | |
54/58 |
56,723 | 74,813 | 237,016 | 188,937 | 308,132 | 393,997 | 430,446 | 186,578 | 147,853 | 181,031 | 200,961 | 174,598 | 117,264 | 162,401 | 105,803 | 141,124 | 76,860 | 79,289 | 46,877 | |
490/1 |
3,363 | 3,681 | 3,262 | 2,421 | 1,679 | 1,271 | 930 | - | 11 | 3 | 1 | 7 | 56 | 8 | 67 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
1.2m | 998,834 | 911,740 | 811,246 | 910,667 | 832,263 | 731,228 | 640,663 | 408,286 | 326,736 | 295,294 | 246,332 | 281,835 | 224,755 | 162,765 | 197,106 | 113,617 | 127,568 | 102,551 | |
10/15 |
935,790 | 837,119 | 746,650 | 644,398 | 685,451 | 606,015 | 546,620 | 429,251 | 310,396 | 287,059 | 181,596 | 181,596 | 126,156 | 138,722 | 58,504 | 17,014 | 88,397 | 16,249 | 55,381 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 52,000 | 52,000 | 52,000 | 52,000 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 58,200 | 58,200 | 58,200 | 58,200 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
923,390 | 824,719 | 734,250 | 631,998 | 673,051 | 593,615 | 534,220 | 416,851 | 297,996 | 235,059 | 129,596 | 129,596 | 74,156 | 126,322 | 46,104 | 4,614 | 75,997 | 3,849 | 42,981 | |
130/1 |
- | - | 0 | 1,860 | 5,820 | 5,820 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 5,820 | 5,820 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
923,390 | 824,719 | 734,250 | 630,138 | 667,231 | 587,795 | 528,400 | 411,031 | 292,176 | 229,239 | 123,776 | 123,776 | 68,336 | 124,462 | 44,244 | 2,754 | 74,137 | 1,989 | 41,121 | |
14 |
0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
239,063 | 161,715 | 165,091 | 166,847 | 225,216 | 226,248 | 184,607 | 211,412 | 97,890 | 39,677 | 113,698 | 64,736 | 155,679 | 86,033 | 104,261 | 180,092 | 25,220 | 111,319 | 47,170 | |
17 |
20,437 | 0 | 104,574 | 115,527 | 126,295 | 136,876 | 151,546 | 174,458 | 29,506 | - | 3,276 | 16,170 | 28,736 | 17,488 | 30,053 | - | 6,826 | 19,906 | 32,259 | |
170/4 |
20,437 | 0 | 104,574 | 115,527 | 126,295 | 136,876 | 151,546 | 174,458 | 29,506 | - | 3,276 | 16,170 | 28,736 | 17,488 | 30,053 | - | 6,826 | 19,906 | 32,259 | |
42/48 |
218,626 | 161,715 | 60,517 | 51,202 | 84,077 | 84,955 | 26,728 | 35,886 | 68,384 | 39,677 | 110,422 | 48,565 | 126,849 | 68,325 | 73,786 | 180,092 | 18,393 | 91,413 | 14,842 | |
42 |
13,138 | 0 | 10,954 | 10,768 | 10,581 | 10,396 | 22,911 | 22,564 | 12,354 | 3,276 | 12,895 | 12,566 | 12,246 | 12,566 | 12,114 | 6,825 | 13,079 | 12,352 | 11,658 | |
44 |
533 | 383 | 1,569 | 3,578 | 1,286 | - | - | 611 | 6,113 | 1,676 | 1,964 | 1,802 | 2,429 | 8,090 | 4,070 | 1,984 | 784 | 1,371 | 628 | |
440/4 |
533 | 383 | 1,569 | 3,578 | 1,286 | - | - | 611 | 6,113 | 1,676 | 1,964 | 1,802 | 2,429 | 8,090 | 4,070 | 1,984 | 784 | 1,371 | 628 | |
45 |
83,668 | 63,596 | 47,637 | 35,817 | 19,575 | 22,553 | 3,584 | 11,909 | 9,195 | 33,359 | 30,873 | 16,598 | 18,684 | 3,619 | 13,623 | 30,962 | 4,530 | 21,495 | 2,556 | |
450/3 |
83,668 | 63,596 | 47,637 | 35,817 | 19,575 | 22,553 | 3,584 | 11,909 | 9,195 | 33,359 | 30,873 | 16,598 | 18,684 | 3,619 | 11,223 | 30,962 | 4,530 | 21,495 | 2,556 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 2,400 | - | - | - | - | |
47/48 |
121,287 | 97,735 | 358 | 1,039 | 52,636 | 52,006 | 233 | 800 | 40,723 | 1,365 | 64,691 | 17,600 | 93,490 | 44,050 | 43,978 | 140,321 | - | 56,194 | - | |
492/3 |
- | - | 0 | 119 | 14,843 | 4,417 | 6,333 | 1,069 | - | - | - | 0 | 94 | 221 | 422 | - | - | - | 69 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | 715 | - | 942 | - | - | 0 | 5,430 | - | - | - | - | - | - | |
9900 |
328,031 | 319,893 | 268,300 | 240,105 | 134,337 | 192,563 | 201,053 | 223,704 | 121,414 | 189,748 | 162,674 | 141,972 | 107,856 | 144,321 | 178,056 | 158,262 | 121,278 | 107,587 | 81,396 | |
630 |
21,526 | 24,247 | 31,284 | 30,081 | 22,559 | 15,901 | 27,210 | 25,908 | 20,085 | 13,685 | 14,631 | 13,877 | 13,515 | 16,186 | 25,057 | 11,609 | 12,390 | 12,069 | 11,293 | |
640/8 |
1,060 | 3,179 | 1,829 | 1,666 | 1,844 | 1,221 | 1,125 | 22,335 | 1,188 | 1,820 | 1,664 | 2,029 | 2,095 | 2,299 | 5,129 | 1,709 | 2,172 | 1,008 | 3,618 | |
66A |
13,339 | - | 2,775 | - | - | - | - | - | - | - | - | 0 | 4,778 | - | - | - | - | - | - | |
9901 |
292,105 | 292,468 | 232,413 | 208,357 | 109,935 | 175,441 | 172,717 | 175,461 | 100,141 | 174,243 | 146,379 | 126,066 | 92,246 | 125,836 | 147,870 | 144,944 | 106,716 | 94,509 | 66,485 | |
75/76B |
23,197 | 18,143 | 8,108 | 7,661 | 9,458 | 193 | 2,001 | 602 | 975 | 942 | 376 | 1,974 | 739 | 1,348 | 1,472 | 1,600 | 379 | 1,889 | 77 | |
75 |
23,197 | 18,143 | 8,108 | 7,661 | 9,458 | 193 | 1,286 | 602 | 975 | 942 | 376 | 1,974 | 739 | 1,348 | 1,472 | 1,600 | 379 | 1,889 | 77 | |
76B |
- | - | - | - | - | - | 715 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
3,880 | 9,839 | 5,003 | 17,953 | 7,992 | 12,955 | 3,380 | 2,000 | 559 | 370 | 722 | 2,092 | 4,706 | 4,608 | 2,468 | 930 | 1,668 | 2,474 | 1,570 | |
65 |
3,880 | 9,839 | 5,003 | 17,953 | 7,992 | 12,955 | 3,380 | 2,000 | 559 | 370 | 722 | 2,092 | 4,706 | 4,608 | 2,468 | 930 | 1,668 | 2,474 | 1,570 | |
9903 |
311,422 | 300,772 | 235,518 | 198,065 | 111,401 | 162,679 | 171,339 | 174,063 | 100,558 | 174,815 | 146,033 | 125,948 | 88,931 | 122,575 | 146,874 | 145,614 | 105,426 | 93,924 | 64,993 | |
67/77 |
95,381 | 91,448 | 70,329 | 61,395 | 31,966 | 47,884 | 53,970 | 55,208 | 37,620 | 69,353 | 58,220 | 49,507 | 30,430 | 42,358 | 55,384 | 51,998 | 33,277 | 33,056 | 22,012 | |
9904 |
216,041 | 209,325 | 165,189 | 136,670 | 79,435 | 114,795 | 117,370 | 118,855 | 62,937 | 105,462 | 87,813 | 76,441 | 58,501 | 80,218 | 91,490 | 93,617 | 72,149 | 60,867 | 42,981 | |
9905 |
216,041 | 209,325 | 165,189 | 136,670 | 79,435 | 114,795 | 117,370 | 118,855 | 62,937 | 105,462 | 87,813 | 76,441 | 58,501 | 80,218 | 91,490 | 93,617 | 72,149 | 60,867 | 42,981 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
216,041 | 209,325 | 165,189 | 136,670 | 79,435 | 114,795 | 117,370 | 118,855 | 62,937 | 105,462 | 87,813 | 76,441 | 58,501 | 80,218 | 91,490 | 93,617 | 72,149 | 60,867 | 42,981 | |
791/2 |
117,370 | 118,855 | 62,937 | 177,722 | - | 55,400 | - | - | - | - | - | 0 | 56,126 | 0 | 50,000 | 165,000 | - | 100,000 | - | |
691/2 |
216,041 | 209,325 | 165,189 | 136,670 | 79,435 | 114,795 | 117,370 | 118,855 | 62,937 | 105,462 | - | 55,441 | 3,960 | 80,218 | 91,490 | 93,617 | 72,149 | 60,867 | 42,981 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 0 | 3,960 | - | - | - | - | - | 1,860 | |
6921 |
216,041 | 209,325 | 165,189 | 136,670 | 79,435 | 114,795 | 117,370 | 118,855 | 62,937 | 105,462 | 0 | 55,441 | 0 | 80,218 | 91,490 | 93,617 | 72,149 | 60,867 | 41,121 | |
694/7 |
117,370 | 118,855 | 62,937 | 177,722 | - | 55,400 | - | - | - | - | 87,813 | 21,000 | 110,667 | - | 50,000 | 165,000 | - | 100,000 | - | |
694 |
117,370 | 118,855 | 62,937 | 177,722 | - | 55,400 | - | - | - | 0 | 87,813 | 21,000 | 110,667 | 0 | 50,000 | 165,000 | - | 100,000 | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00153599 | |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00151403 | |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00228144 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00263588 | |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20222615 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29800040 | |
| 31-12-2019 | abbreviated format | 26-06-2020 | 2020-22800098 | |
| 31-12-2018 | abbreviated format | 13-08-2019 | 2019-46400392 | |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-35200278 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-31600003 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-16200376 | |
| 31-12-2014 | abbreviated format | 27-05-2015 | 2015-13400466 | |
| 31-12-2013 | abbreviated format | 28-05-2014 | 2014-14500518 | |
| 31-12-2012 | abbreviated format | 27-05-2013 | 2013-13800312 | |
| 31-12-2011 | abbreviated format | 11-06-2012 | 2012-16600142 | |
| 31-12-2010 | abbreviated format | 15-06-2011 | 2011-17500535 | |
| 31-12-2009 | abbreviated format | 25-05-2010 | 2010-12900456 | |
| 31-12-2008 | abbreviated format | 02-06-2009 | 2009-19000293 | |
| 31-12-2007 | abbreviated format | 26-05-2008 | 2008-16100321 |
Subsidies and aid
Flemish government 2022, 1 entry, €1,199 awarded, €1,199 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 313,632 | 316,714 | 263,697 | 238,439 | 132,493 | 191,342 | 199,927 | 201,369 | 120,226 | 187,928 | 161,010 | 139,943 | 105,761 | 142,022 | 172,927 | 156,553 | 119,106 | 106,578 | 77,778 | ||
| 237,567 | 233,571 | 196,473 | 166,751 | 101,994 | 130,697 | 144,580 | 144,763 | 83,023 | 119,147 | 102,444 | 90,317 | 72,016 | 96,404 | 116,547 | 105,225 | 84,539 | 72,936 | 54,274 | ||
| 88,961 | 1,383 | 59,687 | 55,612 | 3,301 | 63,055 | 9,529 | 219,920 | 86,455 | 2,966 | 2,246 | 7,073 | 57,162 | 3,640 | 67,227 | 1,820 | 2,825 | 4,274 | 53,988 | ||
| -18,089 | -162,204 | 48,080 | -119,195 | -85,865 | -36,449 | 243,868 | 38,725 | -33,177 | -19,930 | 26,363 | 57,333 | -45,137 | 56,598 | -35,321 | 64,264 | -2,429 | 32,412 | - | ||
| 859,009 | 772,996 | 582,872 | 490,172 | 582,248 | 483,709 | 453,920 | 336,516 | 265,652 | 268,137 | 155,232 | 155,741 | 106,157 | 112,081 | 32,084 | 2,290 | 70,273 | 1,255 | 45,014 | ||
| 79.7% | 83.8% | 81.9% | 79.4% | 75.3% | 72.8% | 74.8% | 67.0% | 76.0% | 87.9% | 61.5% | 73.7% | 44.8% | 61.7% | 35.9% | 8.6% | 77.8% | 12.7% | 54.0% | ||
| 4.93 | 5.78 | 10.63 | 10.57 | 7.93 | 6.69 | 17.98 | 10.38 | 4.88 | 7.76 | 2.41 | 4.21 | 1.84 | 2.64 | 1.43 | 1.01 | 4.82 | 1.01 | 4.03 | ||
| 0.26 | 0.19 | 0.22 | 0.26 | 0.33 | 0.37 | 0.34 | 0.49 | 0.32 | 0.14 | 0.63 | 0.36 | 1.23 | 0.62 | 1.78 | 10.59 | 0.29 | 6.85 | 0.85 | ||
| 23.1% | 25.0% | 22.1% | 21.2% | 11.6% | 18.9% | 21.5% | 27.7% | 20.3% | 36.7% | 48.4% | 42.1% | 46.4% | 57.8% | 156.4% | 550.2% | 81.6% | 374.6% | 77.6% | ||
| 18.4% | 21.0% | 18.1% | 16.8% | 8.7% | 13.8% | 16.1% | 18.6% | 15.4% | 32.3% | 29.7% | 31.0% | 20.8% | 35.7% | 56.2% | 47.5% | 63.5% | 47.7% | 41.9% | ||
| 80.83 | 32.19 | 52.71 | 13.28 | 16.58 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €88,961 | €1,383 | €59,687 | €55,612 | €3,301 |
| €21,526 | €24,247 | €31,284 | €30,081 | €22,559 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on V.C.E.
The operating result for 2025 is 0% lower than in 2024.
Debt's share of the balance-sheet total rises from 16.2% to 20.3%. Equity and debt are higher.