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VABOLIN

Active Risk: not assessed
Private limited companyfounded 2007active for 19 yearsDoorn 18, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0887.729.944

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 15-06-2026 at the NBB all 18 filings

Equity
€218,339▼ 6.4%
2024 · €233,333
Net result
€37,290▲ 4.0%
2024 · €35,870
Total assets
€271,206▼ 7.8%
2024 · €294,110
Solvency
80.5%▲ 1.2pp
2024 · 79.3%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 5% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Operating result€43,660 2025 Net result€37,290 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€21,943-€19,553▼ 10.9%€22,483▲ 15.0%€22,427▼ 0.2%€18,065▼ 19.4%€31,810▲ 76.1%€41,572▲ 30.7%€43,660▲ 5.0%
Net result€16,896-€16,040▼ 5.1%€22,370within the sector's middle half▲ 39.5%€20,219within the sector's middle half▼ 9.6%€17,220within the sector's middle half▼ 14.8%€26,098within the sector's middle half▲ 51.6%€35,870within the sector's middle half▲ 37.4%€37,290within the sector's middle half▲ 4.0%
Equity€157,091-€173,131▲ 10.2%€195,501within the sector's middle half▲ 12.9%€215,720within the sector's middle half▲ 10.3%€171,365within the sector's middle half▼ 20.6%€197,463within the sector's middle half▲ 15.2%€233,333within the sector's middle half▲ 18.2%€218,339within the sector's middle half▼ 6.4%
Total assets€299,690-€309,873▲ 3.4%€314,652within the sector's middle half▲ 1.5%€308,938within the sector's middle half▼ 1.8%€252,699within the sector's middle half▼ 18.2%€250,771within the sector's middle half▼ 0.8%€294,110within the sector's middle half▲ 17.3%€271,206within the sector's middle half▼ 7.8%
Debt€142,599-€136,742▼ 4.1%€119,151▼ 12.9%€93,218▼ 21.8%€81,334▼ 12.7%€53,308▼ 34.5%€60,777▲ 14.0%€52,867▼ 13.0%
Working capital€108,244-€132,889▲ 22.8%€160,888above the sector's middle half▲ 21.1%€183,235above the sector's middle half▲ 13.9%€143,748within the sector's middle half▼ 21.5%€176,545above the sector's middle half▲ 22.8%€216,550above the sector's middle half▲ 22.7%€198,817above the sector's middle half▼ 8.2%
Solvency52.4%-55.9%▲ 3.5pp62.1%within the sector's middle half▲ 6.3pp69.8%within the sector's middle half▲ 7.7pp67.8%within the sector's middle half▼ 2.0pp78.7%above the sector's middle half▲ 10.9pp79.3%above the sector's middle half▲ 0.6pp80.5%above the sector's middle half▲ 1.2pp
Current ratio4.13-3.71▼ 0.424.05above the sector's middle half▲ 0.344.72above the sector's middle half▲ 0.673.36within the sector's middle half▼ 1.364.31above the sector's middle half▲ 0.955.83above the sector's middle half▲ 1.525.29above the sector's middle half▼ 0.54
Return on assets (ROA)5.6%-5.2%▼ 0.5pp7.1%within the sector's middle half▲ 1.9pp6.5%within the sector's middle half▼ 0.6pp6.8%within the sector's middle half▲ 0.3pp10.4%within the sector's middle half▲ 3.6pp12.2%within the sector's middle half▲ 1.8pp13.7%within the sector's middle half▲ 1.6pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,206
Fixed assets €26,013 ▼ 20.5%
Current assets €245,193 ▼ 6.2%
Equity and liabilities €271,206
Equity €218,339 ▼ 6.4%
Debt €52,867 ▼ 13.0%
Debt's share of the balance-sheet total falls from 20.7% to 19.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
ROE
17.1%▲
2024 · 15.4%
Debt ≤ 1 year
€46,376▲
2024 · €44,828
Debt > 1 year
€6,491▼
2024 · €15,949
Income taxes
€17,365▲
2024 · €17,349
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€3,841€536€843€34,183€3,639
Depreciation and write-downs of the year€28,360€28,911€28,025€22,369€10,358

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as VABOLIN: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €206,000 and €273,000, founded between 2005 and 2008.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
VABOLIN Oudenaarde2007€271,206€218,339€55,427€37,2902025
BELEON Kaprijke2007€244,829€75,541€61,217€15,3772025
NEOCLIM Nazareth-De Pinte2007€264,513-€295,077€65,250€17,8242025
GOBLO Lochristi2005€269,945€212,501€68,845€38,2542026
L&N Geraardsbergen2008€205,989€78,816€53,619€15,4972025
EUNA Ledegem2006€273,387€245,590€60,227€32,5982025
GenA Management Staden2007€237,782€204,693€57,981€36,1752026

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€294,110€271,206▼
Fixed assets21/28€32,732€26,013▼
Tangible fixed assets22/27€32,732€26,013▼
Plant, machinery and equipment23€3,711€3,321▼
Furniture and vehicles24€28,456€22,440▼
Other tangible fixed assets26€565€252▼
Current assets29/58€261,378€245,193▼
Amounts receivable within one year40/41€236,380€236,034▼
Trade receivables40€3,008€3,364▲
Other amounts receivable41€233,372€232,670▼
Cash at bank and in hand54/58€22,927€6,679▼
Deferred charges and accrued income490/1€2,071€2,480▲
Equity and liabilities
Total equity and liabilities10/49€294,110€271,206▼
Equity10/15€233,333€218,339▼
Contributions10/11€10,000€10,000=
Reserves13€175,922€160,928▼
Distributable reserves133€175,922€160,928▼
Profit (loss) carried forward14€47,411€47,411=
Amounts payable17/49€60,777€52,867▼
Amounts payable after more than one year17€15,949€6,491▼
Financial debts170/4€15,949€6,491▼
Amounts payable within one year42/48€44,828€46,376▲
Current portion of amounts payable after more than one year42€9,135€9,458▲
Trade debts44€5,169€7,267▲
Suppliers440/4€5,169€7,267▲
Advances received on contracts in progress46€19,523€19,523=
Taxes, remuneration and social security45€11,001€10,128▼
Taxes450/3€11,001€10,128▼
Income statement Code20242025
Non-recurring operating income76A€500-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,369€10,358▼
Other operating charges640/8€3,093€1,409▼
Gross operating margin9900€67,034€55,427▼
Operating profit (loss)9901€41,572€43,660▲
Financial income75/76B€13,459€12,628▼
Recurring financial income75€13,459€12,628▼
Financial charges65/66B€1,812€1,633▼
Recurring financial charges65€1,812€1,633▼
Profit (loss) for the period before taxes9903€53,219€54,655▲
Income taxes67/77€17,349€17,365▲
Profit (loss) for the period9904€35,870€37,290▲
Profit (loss) for the period to be appropriated9905€35,870€37,290▲
Appropriation of the result
Profit (loss) to be appropriated9906€83,281€84,701▲
Profit (loss) brought forward from the previous period14P€47,411€47,411=
Transfer from equity791/2-€52,285
Transfer to equity691/2€35,870€37,291▲
To other reserves6921€35,870€37,291▲
Profit to be distributed694/7-€52,284
Return on contributions (dividend)694-€52,284

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A------€500--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,538€28,918€28,502€28,360€28,911€28,025€22,369€10,358▼ 53.7%
Other operating charges640/8---€2,872€3,713€3,072€3,093€1,409▼ 54.4%
Gross operating margin9900€55,329€51,765€54,111€53,659€50,689€62,907€67,034€55,427▼ 17.3%
Operating profit (loss)9901€21,943€19,553€22,483€22,427€18,065€31,810€41,572€43,660▲ 5.0%
Financial income75/76B---€12,864€14,094€10,560€13,459€12,628▼ 6.2%
Recurring financial income75€11,139€12,590€17,086€12,864€14,094€10,560€13,459€12,628▼ 6.2%
Financial charges65/66B---€4,418€3,477€2,355€1,812€1,633▼ 9.9%
Recurring financial charges65€7,190€7,249€5,288€4,418€3,477€2,355€1,812€1,633▼ 9.9%
Profit (loss) for the period before taxes9903€25,892€24,894€34,281€30,873€28,682€40,015€53,219€54,655▲ 2.7%
Income taxes67/77€8,996€8,854€11,911€10,654€11,462€13,917€17,349€17,365▲ 0.1%
Profit (loss) for the period9904€16,896€16,040€22,370€20,219€17,220€26,098€35,870€37,290▲ 4.0%
Profit (loss) for the period to be appropriated9905€16,896€16,040€22,370€20,219€17,220€26,098€35,870€37,290▲ 4.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€299,690€309,873€314,652€308,938€252,699€250,771€294,110€271,206▼ 7.8%
Fixed assets21/28€156,868€127,950€100,994€76,475€48,100€20,918€32,732€26,013▼ 20.5%
Tangible fixed assets22/27€156,868€127,950€100,994€76,475€48,100€20,918€32,732€26,013▼ 20.5%
Land and buildings22---€71,321€44,664€18,007---
Plant, machinery and equipment23---€2,825€2,246€2,033€3,711€3,321▼ 10.5%
Furniture and vehicles24---€826--€28,456€22,440▼ 21.1%
Other tangible fixed assets26---€1,503€1,190€878€565€252▼ 55.4%
Current assets29/58€142,822€181,923€213,658€232,463€204,599€229,853€261,378€245,193▼ 6.2%
Amounts receivable within one year40/41€139,492€167,856€198,312€222,831€191,362€213,670€236,380€236,034▼ 0.1%
Trade receivables40---€2,570€2,636€2,884€3,008€3,364▲ 11.8%
Other amounts receivable41---€220,261€188,726€210,786€233,372€232,670▼ 0.3%
Cash at bank and in hand54/58€1,504€11,928€13,404€7,313€11,655€14,429€22,927€6,679▼ 70.9%
Deferred charges and accrued income490/1---€2,319€1,582€1,754€2,071€2,480▲ 19.7%
Equity and liabilities
Total equity and liabilities10/49€299,690€309,873€314,652€308,938€252,699€250,771€294,110€271,206▼ 7.8%
Equity10/15€157,091€173,131€195,501€215,720€171,365€197,463€233,333€218,339▼ 6.4%
Contributions10/11€10,000€10,000-€10,000€10,000€10,000€10,000€10,000=
Reserves13€99,680€115,720€138,090€158,309€113,954€140,052€175,922€160,928▼ 8.5%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€156,449€112,094€140,052€175,922€160,928▼ 8.5%
Profit (loss) carried forward14€47,411€47,411€47,411€47,411€47,411€47,411€47,411€47,411=
Amounts payable17/49€142,599€136,742€119,151€93,218€81,334€53,308€60,777€52,867▼ 13.0%
Amounts payable after more than one year17€108,021€87,708€66,381€43,990€20,483-€15,949€6,491▼ 59.3%
Financial debts170/4---€43,990€20,483-€15,949€6,491▼ 59.3%
Amounts payable within one year42/48€34,578€49,034€52,770€49,228€60,851€53,308€44,828€46,376▲ 3.5%
Current portion of amounts payable after more than one year42---€22,391€23,508€20,483€9,135€9,458▲ 3.5%
Trade debts44€7,941€9,049€6,651€8,290€11,296€8,249€5,169€7,267▲ 40.6%
Suppliers440/4---€8,290€11,296€8,249€5,169€7,267▲ 40.6%
Advances received on contracts in progress46---€15,893€19,523€18,313€19,523€19,523=
Taxes, remuneration and social security45---€2,654€6,524€6,263€11,001€10,128▼ 7.9%
Taxes450/3---€2,654€6,524€6,263€11,001€10,128▼ 7.9%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€16,896€16,040€22,370€20,219€17,220€26,098€35,870€37,290▲ 4.0%
+ Depreciation and write-downs630€29,538€28,918€28,502€28,360€28,911€28,025€22,369€10,358▼ 53.7%
Operating cash flow (approximation)€46,434€44,958€50,872€48,579€46,131€54,123€58,239€47,648▼ 18.2%
Investment in fixed assets (approximation)-€0-€1,546-€3,841-€536-€843-€34,183-€3,639▲ 89.4%
Change in cash-€10,424€1,476-€6,091€4,342€2,774€8,498-€16,248-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 15-06-2026 2026-00162344 NBB
31-12-2024 micro format 17-06-2025 2025-00146880 PDF
31-12-2023 micro format 23-05-2024 2024-00094475 PDF
31-12-2022 micro format 14-06-2023 2023-00128396 PDF
31-12-2021 micro format 13-06-2022 2022-20059015 PDF
31-12-2020 micro format 25-06-2021 2021-24700101 PDF
31-12-2019 micro format 04-06-2020 2020-14600119 PDF
31-12-2018 micro format 11-07-2019 2019-31400502 PDF
31-12-2017 micro format 01-06-2018 2018-15400026 PDF
31-12-2016 micro format 23-06-2017 2017-21000114 PDF

Show all 18 filings

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