VAEKE
Annual accounts 2025
micro format, filed on 02-02-2026, 2 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €530,000. Estimated: probably between €360,000 and €810,000.
Balance sheet
balance sheet total €1.6m on 30-06-2025in euro
in euro
Position in the sector
5.4%
Higher than 22% of 4,032 companies in 2025.
1.13
Higher than 48% of 3,949 companies in 2025.
2.3%
Higher than 51% of 3,983 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.6m | 891,816 | 917,918 | 876,635 | 588,209 | 559,447 | |
21/28 |
1.2m | 813,637 | 858,812 | 823,587 | 538,159 | 500,013 | |
22/27 |
1.2m | 813,017 | 858,192 | 823,587 | 537,539 | 499,393 | |
22 |
951,093 | 608,989 | 583,740 | 583,183 | 389,670 | 380,971 | |
23 |
46,855 | 71,015 | 92,041 | 95,395 | 89,993 | 96,591 | |
24 |
202,109 | 133,014 | 182,411 | 145,009 | 57,876 | 21,831 | |
28 |
620 | 620 | 620 | - | 620 | 620 | |
29/58 |
423,385 | 78,179 | 59,106 | 53,048 | 50,050 | 59,435 | |
40/41 |
91,518 | 62,342 | 51,422 | 40,215 | 26,615 | 48,054 | |
40 |
60,855 | 47,729 | 50,664 | 25,687 | 24,759 | 47,675 | |
41 |
30,663 | 14,613 | 758 | 14,528 | 1,857 | 379 | |
54/58 |
325,525 | 12,519 | 4,995 | 9,695 | 15,894 | 8,760 | |
490/1 |
6,342 | 3,318 | 2,689 | 3,138 | 7,541 | 2,620 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.6m | 891,816 | 917,918 | 876,635 | 588,209 | 559,447 | |
10/15 |
87,198 | 49,705 | 54,901 | -39,967 | 42,261 | 16,520 | |
10/11 |
31,000 | 31,000 | 31,000 | 31,000 | 31,000 | - | |
11 |
- | - | - | - | - | 6,200 | |
1100/10 |
- | - | - | - | - | 6,200 | |
14 |
56,198 | 18,705 | 23,901 | -70,967 | 11,261 | 10,320 | |
16 |
155,871 | 159,786 | 158,463 | 150,300 | - | - | |
160/5 |
155,871 | 159,786 | 158,463 | 150,300 | - | - | |
163 |
155,871 | 159,786 | 158,463 | 150,300 | - | - | |
17/49 |
1.4m | 682,325 | 704,554 | 766,302 | 545,948 | 542,927 | |
17 |
1.0m | 294,102 | 345,298 | 419,006 | 280,954 | 305,209 | |
170/4 |
1.0m | 294,102 | 345,298 | 419,006 | 280,954 | 305,209 | |
42/48 |
373,353 | 388,223 | 356,089 | 344,130 | 264,995 | 237,718 | |
42 |
91,178 | 51,197 | 73,707 | 73,420 | 24,255 | 24,255 | |
44 |
9,545 | 2,074 | 4,009 | 1,477 | 13,175 | 31 | |
440/4 |
9,545 | 2,074 | 4,009 | 1,477 | 13,175 | 31 | |
45 |
3,085 | 28,344 | 6,600 | 7,674 | 3,525 | 2,500 | |
450/3 |
3,085 | 28,344 | 6,600 | 7,674 | 3,525 | 2,500 | |
47/48 |
269,545 | 306,608 | 271,772 | 261,558 | 224,040 | 210,932 | |
492/3 |
5,616 | - | 3,166 | 3,166 | - | - | |
| Income statement | |||||||
76A |
6,742 | - | - | - | - | - | |
9900 |
197,736 | 235,685 | 198,471 | 91,310 | 43,418 | 159,719 | |
630 |
121,996 | 84,866 | 70,663 | 72,256 | 28,468 | 97,052 | |
640/8 |
2,163 | 4,552 | 1,515 | 1,743 | 1,174 | 3,327 | |
66A |
648 | 110 | 3,688 | 83,312 | - | 33,908 | |
9901 |
72,929 | 146,157 | 122,605 | -66,001 | 13,776 | 25,433 | |
75/76B |
13 | 5 | 29 | - | 37 | 19 | |
75 |
13 | 5 | 29 | - | 37 | 19 | |
65/66B |
33,579 | 24,471 | 27,027 | 16,226 | 12,604 | 14,438 | |
65 |
33,579 | 24,471 | 27,027 | 16,226 | 12,604 | 14,438 | |
9903 |
39,363 | 121,691 | 95,606 | -82,228 | 1,209 | 11,014 | |
67/77 |
1,870 | 26,887 | 738 | - | 268 | 693 | |
9904 |
37,492 | 94,804 | 94,868 | -82,228 | 940 | 10,320 | |
9905 |
37,492 | 94,804 | 94,868 | -82,228 | 940 | 10,320 | |
| Appropriation of the result | |||||||
9906 |
56,198 | 118,705 | 23,901 | -70,967 | 11,261 | 10,320 | |
14P |
18,705 | 23,901 | -70,967 | 11,261 | - | - | |
694/7 |
- | 100,000 | - | - | - | - | |
694 |
- | 100,000 | - | - | - | - | |
| Document | |||||||
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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 2 days after the deadline. Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026803.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00026803 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00020716 | |
| 30-06-2023 | micro format | 15-01-2024 | 2024-00001470 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00008813 | |
| 30-06-2021 | micro format | 24-01-2022 | 2022-02400130 | |
| 30-06-2020 | micro format | 13-01-2021 | 2021-00900084 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 194,925 | 231,023 | 193,268 | 6,255 | 42,243 | 122,485 | ||
| 159,488 | 179,670 | 165,531 | -9,971 | 29,408 | 107,372 | ||
| 549,941 | 40,080 | 112,026 | 470,617 | 66,614 | 630,972 | ||
| 313,006 | 7,524 | -4,700 | -6,199 | 7,134 | - | ||
| 50,031 | -310,044 | -296,983 | -291,082 | -214,944 | -178,284 | ||
| 5.4% | 5.6% | 6.0% | -4.6% | 7.2% | 3.0% | ||
| 1.13 | 0.20 | 0.17 | 0.15 | 0.19 | 0.25 | ||
| 15.84 | 13.73 | 12.83 | - | 12.92 | 32.86 | ||
| 43.0% | 190.7% | 172.8% | - | 2.2% | 62.5% | ||
| 2.3% | 10.6% | 10.3% | -9.4% | 0.2% | 1.8% | ||
| 5.80 | 9.44 | 7.15 | 0.39 | - | - |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €549,941 | €40,080 | €111,406 | €470,617 |
| Financial fixed assets | - | - | €620 | - |
| €121,996 | €84,866 | €70,663 | €72,256 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on VAEKE
The operating result for 2025 is 50% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 76.5% to 85.0%. Equity and debt are higher.