V-GROUPS
Annual accounts 2025
micro format, filed on 12-02-2026, 169 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €75,000. Estimated: probably between €36,000 and €150,000.
Balance sheet
balance sheet total €106,194 on 31-12-2025in euro
in euro
Position in the sector
26.1%
Higher than 24% of 21,208 companies in 2025.
1.06
Higher than 20% of 20,571 companies in 2025.
-12.0%
Higher than 10% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
106,194 | 64,557 | 37,019 | 55,698 | |
21/28 |
55,551 | 4,925 | 1,409 | 1,780 | |
22/27 |
55,551 | 4,925 | 1,409 | 1,780 | |
22 |
- | - | 1,409 | - | |
23 |
3,754 | 4,274 | - | - | |
24 |
51,797 | 652 | - | 1,780 | |
29/58 |
50,643 | 59,631 | 35,611 | 53,918 | |
40/41 |
16,885 | 48,854 | 21,228 | 18,478 | |
40 |
13,230 | 48,854 | 1,133 | 17,810 | |
41 |
3,655 | - | 20,094 | 668 | |
54/58 |
32,161 | 10,708 | 14,383 | 35,439 | |
490/1 |
1,596 | 70 | - | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
106,194 | 64,557 | 37,019 | 55,698 | |
10/15 |
27,731 | 40,438 | 19,295 | 30,645 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | |
13 |
28,145 | 28,145 | 28,145 | 28,145 | |
130/1 |
250 | 28,145 | 250 | 250 | |
1311 |
- | 27,895 | - | 250 | |
1319 |
250 | 250 | 250 | - | |
133 |
27,895 | - | 27,895 | 27,895 | |
14 |
-2,914 | 9,793 | -11,350 | - | |
17/49 |
78,463 | 24,119 | 17,724 | 25,053 | |
17 |
30,708 | - | - | - | |
170/4 |
30,708 | - | - | - | |
42/48 |
47,756 | 24,119 | 17,724 | 25,053 | |
42 |
12,903 | - | - | - | |
44 |
22,578 | 51 | 13,009 | 12,807 | |
440/4 |
22,578 | 51 | 13,009 | 12,807 | |
45 |
4,084 | 12,770 | 4,716 | 12,172 | |
450/3 |
169 | 9,028 | 2,790 | 12,172 | |
454/9 |
3,916 | 3,743 | 1,926 | - | |
47/48 |
8,191 | 11,297 | - | 74 | |
| Income statement | |||||
9900 |
14,103 | 130,040 | -7,182 | 47,064 | |
62 |
5,989 | 104,148 | 3,252 | - | |
630 |
12,637 | 1,286 | 701 | 163 | |
640/8 |
6,428 | - | 131 | 25 | |
9901 |
-10,952 | 24,606 | -11,266 | 46,877 | |
75/76B |
- | - | 0 | 0 | |
75 |
- | - | 0 | 0 | |
65/66B |
1,522 | 222 | 84 | 51 | |
65 |
1,522 | 222 | 84 | 51 | |
9903 |
-12,474 | 24,384 | -11,350 | 46,827 | |
67/77 |
233 | 3,241 | - | 9,382 | |
9904 |
-12,707 | 21,143 | -11,350 | 37,445 | |
9905 |
-12,707 | 21,143 | -11,350 | 37,445 | |
| Appropriation of the result | |||||
9906 |
-2,914 | 9,793 | -11,350 | 37,445 | |
14P |
9,793 | -11,350 | - | - | |
691/2 |
- | - | - | 28,145 | |
6920 |
- | - | - | 250 | |
6921 |
- | - | - | 27,895 | |
694/7 |
- | - | - | 9,300 | |
694 |
- | - | - | 9,300 | |
| Document | |||||
The notes to these accounts have 6 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 12-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 1,685 | 25,892 | -10,565 | 47,039 | ||
| -70 | 22,429 | -10,649 | 37,607 | ||
| 63,263 | 4,802 | 330 | 1,943 | ||
| 21,453 | -3,675 | -21,056 | - | ||
| 2,887 | 35,512 | 17,886 | 28,865 | ||
| 26.1% | 62.6% | 52.1% | 55.0% | ||
| 1.06 | 2.47 | 2.01 | 2.15 | ||
| 2.83 | 0.60 | 0.92 | 0.82 | ||
| -45.8% | 52.3% | -58.8% | 122.2% | ||
| -12.0% | 32.8% | -30.7% | 67.2% | ||
| 1.11 | over 100 | -125.85 | over 100 |
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 |
|---|---|---|---|---|
| Tangible fixed assets | €63,263 | €4,802 | €330 | €1,943 |
| €12,637 | €1,286 | €701 | €163 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on V-GROUPS
The operating result for 2025 is a loss of €10,952, after a profit of €24,606 in 2024.
Debt's share of the balance-sheet total rises from 37.4% to 73.9%. Equity is lower and debt is higher.