VALCUN (0665.580.445): financials and annual accounts

VALCUN

Ghent ·KBO/BCE: BE 0665.580.445

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
`20/58`	1.8m	2.5m	1.7m	1.4m	877,223	319,514	289,210	47,962	54,621
`20`	-	-	-	-	-	0	0	0	0
`21/28`	1.1m	1.5m	1.1m	628,505	408,040	159,439	156,546	41,991	6,886
`21`	937,718	-	-	-	-	0	0	0	0
`22/27`	167,578	1.5m	1.1m	625,505	408,040	159,439	156,546	41,991	6,886
`22`	649	974	1,299	1,624	1,948	2,273	2,598	2,923	0
`23`	132,403	112,956	2,480	3,281	1,209	0	0	0	0
`24`	970	-	-	-	283	566	848	1,468	786
`26`	33,556	37,293	-	-	-	0	0	0	0
`27`	-	1.4m	1.1m	620,600	404,600	156,600	153,100	37,600	6,100
`28`	-	-	-	3,000	-	0	0	0	0
`29/58`	676,532	945,020	637,358	724,646	469,182	160,075	132,664	5,971	47,735
`290`	-	-	-	-	-	0	0	0	0
`291`	-	-	-	-	-	0	0	0	0
`3`	117,790	295,000	92,040	-	-	0	0	0	0
`30/36`	117,790	220,000	27,600	-	-	0	0	0	0
`37`	-	75,000	64,440	-	-	0	0	0	0
`40/41`	20,241	294,794	108,744	16,906	7,290	6,491	27,004	1,800	1,278
`40`	-	210,000	-	-	-	0	7,292	929	0
`41`	20,241	84,794	108,744	16,906	7,290	6,491	19,711	871	1,278
`50/53`	150,000	-	-	-	-	0	0	0	0
`54/58`	377,018	334,698	432,966	703,530	408,077	121,784	73,364	4,170	46,456
`490/1`	11,483	20,527	3,608	4,210	53,815	31,800	32,296	0	0
Balance sheet: equity and liabilities
`10/49`	1.8m	2.5m	1.7m	1.4m	877,223	319,514	289,210	47,962	54,621
`10/15`	461,774	431,338	429,151	428,256	427,898	57,538	57,474	18,813	18,736
`10/11`	427,200	427,200	427,200	427,200	427,200	57,200	31,000	18,600	18,600
`100`	-	-	-	-	-	-	31,000	18,600	18,600
`101`	-	-	-	-	-	-	0	0	0
`11`	-	-	-	-	-	-	26,200	0	0
`1100/10`	-	-	-	-	-	-	26,200	0	0
`12`	-	-	-	-	-	0	0	0	0
`13`	34,574	4,138	1,951	274	274	274	274	213	136
`130/1`	-	-	-	-	-	274	-	-	-
`130`	-	-	-	-	-	-	274	213	136
`1311`	-	-	-	-	-	274	-	-	-
`1312`	-	-	-	-	-	-	0	0	0
`1313`	-	-	-	-	-	0	-	-	-
`1319`	-	-	-	-	-	0	0	0	0
`132`	-	-	-	-	-	0	0	0	0
`133`	34,574	4,138	1,951	274	274	0	0	0	0
`14`	-	-	-	783	424	64	0	0	0
`15`	-	-	-	-	-	0	0	0	0
`160/5`	-	-	-	-	-	0	0	0	0
`160`	-	-	-	-	-	0	0	0	0
`161`	-	-	-	-	-	0	0	0	0
`162`	-	-	-	-	-	0	0	0	0
`163`	-	-	-	-	-	0	0	0	0
`164/5`	-	-	-	-	-	0	0	0	0
`168`	-	-	-	-	-	0	0	0	0
`17/49`	1.3m	2.0m	1.3m	924,895	449,325	261,976	231,736	29,148	35,885
`17`	374,427	355,000	355,000	670,000	355,000	105,000	105,000	20,000	20,000
`170/4`	374,427	355,000	355,000	670,000	355,000	105,000	105,000	20,000	20,000
`175`	-	-	-	-	-	0	0	0	0
`176`	-	-	-	-	-	0	0	0	0
`178/9`	-	-	-	-	-	0	0	0	0
`42/48`	380,939	658,573	618,558	90,228	52,491	44,430	29,029	9,148	15,885
`42`	8,807	-	330,000	-	-	0	0	0	10,000
`430/8`	-	-	-	-	-	0	0	0	0
`439`	-	-	-	-	-	0	0	0	0
`44`	238,432	378,176	90,097	19,558	5,394	868	1,272	402	1,150
`440/4`	238,432	378,176	90,097	19,558	5,394	868	1,272	402	1,150
`441`	-	-	-	-	-	0	0	0	0
`46`	29,454	185,721	129,000	-	-	0	0	0	0
`45`	99,421	89,851	65,715	61,141	38,025	5,280	3,201	260	130
`450/3`	14,880	11,150	14,765	14,781	11,988	658	1,413	260	130
`454/9`	84,541	78,700	50,950	46,359	26,038	4,622	1,788	0	0
`47/48`	4,825	4,825	3,746	9,530	9,072	38,282	24,556	8,487	4,604
`492/3`	564,689	1.0m	342,028	164,667	41,833	112,546	97,708	0	0
Income statement
`70`	-	-	-	-	-	-	-	-	0
`76A`	-	-	-	-	-	0	0	0	0
`9900`	980,055	301,426	253,920	230,661	133,264	26,178	42,621	2,018	1,197
`60/61`	-	-	-	-	-	-	-	-	0
`62`	443,131	294,847	229,051	207,983	112,397	16,205	10,300	0	0
`630`	473,987	3,644	1,126	1,072	869	608	944	1,057	562
`631/4`	-	-	-	-	-	0	0	0	0
`635/8`	-	-	-	-	-	0	0	0	0
`640/8`	1,523	2,123	1,328	1,450	3,205	6,390	4,870	130	127
`649`	-	-	-	-	-	0	0	0	0
`66A`	-	-	-	-	-	0	0	0	0
`9901`	61,414	812	22,415	20,156	16,792	2,975	26,507	831	508
`75/76B`	4,271	12,668	107	41	23	100	28	5	10
`75`	4,271	12,668	107	41	23	100	28	5	10
`76B`	-	-	-	-	-	0	0	0	0
`65/66B`	17,063	8,948	17,369	16,198	14,094	2,543	1,510	653	251
`65`	17,063	8,948	17,369	16,198	14,094	2,543	1,510	653	251
`66B`	-	-	-	-	-	0	0	0	0
`9903`	48,622	4,532	5,153	3,999	2,721	532	25,025	184	266
`67/77`	18,186	2,345	4,259	3,640	2,362	468	965	106	130
`9904`	30,436	2,187	895	359	360	64	24,060	77	136
`789`	-	-	-	-	-	0	0	0	0
`689`	-	-	-	-	-	0	0	0	0
`9905`	30,436	2,187	895	359	360	64	24,060	77	136
Appropriation of the result
`9906`	30,436	2,187	1,677	783	424	64	24,060	77	136
`14P`	-	-	783	424	64	-	-	-	-
`791/2`	-	-	-	-	-	0	0	0	0
`691/2`	30,436	2,187	1,677	-	-	-	60	77	136
`691`	-	-	-	-	-	0	0	0	0
`6920`	-	-	-	-	-	0	60	77	136
`6921`	30,436	2,187	1,677	-	-	0	0	0	0
`694/7`	-	-	-	-	-	-	24,000	-	-
`694`	-	-	-	-	-	0	0	0	0
`695`	-	-	-	-	-	0	24,000	0	0
`696`	-	-	-	-	-	0	0	0	0
Social balance sheet
`9087`	5.4	3.8	3	3.1	2.3	1	0.4	-	-
Hours worked`1013`	9,159	6,494	5,008	5,668	3,854	554	722	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	07-07-2026	2026-00260298	PDF
31-12-2024	abbreviated format	04-07-2025	2025-00227891	PDF
31-12-2023	micro format	25-06-2024	2024-00157379	PDF
31-12-2022	micro format	29-06-2023	2023-00171145	PDF
31-12-2021	micro format	04-07-2022	2022-20123209	PDF
31-12-2020	micro format	15-07-2021	2021-35300358	PDF
31-12-2019	micro format	30-06-2020	2020-22300337	PDF
31-12-2018	micro format	27-06-2019	2019-23100552	PDF
31-12-2017	micro format	21-06-2018	2018-20400160	PDF

Year	Entries	Awarded	Paid
2025	2	€9,932	€9,242
2024	2	€11,625	€12,675
2023	2	€3,860	€2,810

2025	2024	2023	2022	2021	2020	2019	2018	2017
535,400	4,456	23,541	21,228	17,662	3,582	27,451	1,888	1,069
504,422	5,831	2,021	1,431	1,229	672	25,005	1,134	698
72,460	403,089	483,000	221,537	249,471	3,500	115,500	36,161	7,448
42,320	-98,267	-270,564	295,453	286,293	48,420	69,194	-42,286	-
295,593	286,447	18,800	634,418	416,691	115,645	103,635	-3,177	31,850
25.9%	17.6%	24.6%	31.6%	48.8%	18.0%	19.9%	39.2%	34.3%
1.78	1.43	1.03	8.03	8.94	3.60	4.57	0.65	3.01
1.47	0.99	0.88	8.03	8.94	3.60	4.57	0.65	3.01
2.86	4.68	3.07	2.16	1.05	4.55	4.03	1.55	1.92
6.6%	0.5%	0.2%	0.1%	0.1%	0.1%	41.9%	0.4%	0.7%
1.7%	0.1%	0.1%	0.0%	0.0%	0.0%	8.3%	0.2%	0.2%
31.38	0.50	1.36	1.31	1.25	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	6	6	3	3	3
full-time	5	5	3	3	3
part-time	1	1	-	-	-
in full-time equivalents	5.8	5.8	3	3	3
	5.4	3.8	3	3.1	2.3
On a permanent contract	6	6	3	3	3
Joined	3	-	-	1	4
Left	3	-	-	1	2
Training hours	279	58	144	152	96

VALCUN

Annual accounts 2025

Balance sheet

in euro

in euro

Position in the sector

25.9%

1.78

1.7%

Staff

€82,061

level

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 6 entries, €25,417 awarded, €24,727 paid

European Union 2024, 2 entries, €2.8m in total

European research 2 projects, 1 as coordinator, €2.8m EU contribution

Projects

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on VALCUN

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€35,871	€403,089	€483,000	€218,537	€249,471
Intangible fixed assets	€36,589	-	-	-	-
Financial fixed assets	-	-	-	€3,000	-
	€473,987	€3,644	€1,126	€1,072	€869

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency25.9%

Current ratio1.78

Return on assets1.7%

Staff

Staff cost per FTE€82,061

Joined and leftlevel

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023 to 2025, 6 entries, €25,417 awarded, €24,727 paid

European Union 2024, 2 entries, €2.8m in total

European research 2 projects, 1 as coordinator, €2.8m EU contribution

Projects

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on VALCUN

Next steps

in euro

in euro

25.9%

1.78

1.7%

€82,061

level