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VANCOBER

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Public limited companyfounded 1992Hofstraat 1A, 8400 Oostende, BelgiumKBO/BCE: BE 0448.783.465
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Financials · financial year 2024, abbreviated format

2024 annual accounts filed 153 days after the deadline Filed on 30 September 2025, deadline 30 April 2025 (7 months after the close on 30 September 2024, Companies Code art. 3:10). Source: NBB, 2025-00513348.

Annual accounts 2024 filed on 30-09-2025 PDF all 32 filings

Turnover
≈ €1.6m
Estimated: probably between €1.3m and €2.1m
Total assets
€4.6m▲ 8.3%
2023 · €4.2m
Net result
€202,291▼ 39.9%
2023 · €336,665
Working capital
€1.0m▲ 20.7%
2023 · €837,094
Trend over the years

2019 to 2024, 5 financial years 2018 to 2024, 6 financial years

The operating result for 2024 is 34% lower than in 2023.

Operating result€0.2m 2024 Net result€0.2m 2024

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 Accommodation (NACE 55). 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, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192021202220232024
Operating result€0.3m-€0.2m▼ 23.5%-€0.3m-€0.07m€0.4m▲ 442%€0.2m▼ 33.9%
Net result€0.2m-€0.1m▼ 13.1%-€0.4mbelow the sector's middle half-€0.03mwithin the sector's middle half€0.3mabove the sector's middle half▲ 940%€0.2mabove the sector's middle half▼ 39.9%
Equity€1.7m-€1.7m▼ 0.3%€1.3mabove the sector's middle half-€1.3mabove the sector's middle half▲ 2.3%€1.6mabove the sector's middle half▲ 25.7%€1.8mabove the sector's middle half▲ 12.2%
Total assets€4.0m-€4.1m▲ 2.4%€4.4mabove the sector's middle half-€3.9mabove the sector's middle half▼ 9.3%€4.2mabove the sector's middle half▲ 6.8%€4.6mabove the sector's middle half▲ 8.3%
Debt€2.3m-€2.4m▲ 4.5%€3.1m-€2.6m▼ 14.1%€2.6m▼ 2.5%€2.7m▲ 5.9%
Working capital-€1.0m--€0.6m▲ 40.3%-€0.01mwithin the sector's middle half-€0.2mabove the sector's middle half€0.8mabove the sector's middle half▲ 265%€1.0mabove the sector's middle half▲ 20.7%
Solvency42.4%-41.3%▼ 1.1pp29.2%within the sector's middle half-32.9%within the sector's middle half▲ 3.7pp38.7%within the sector's middle half▲ 5.8pp40.1%within the sector's middle half▲ 1.4pp
Current ratio0.07-0.44▲ 0.360.99within the sector's middle half-1.21within the sector's middle half▲ 0.211.91above the sector's middle half▲ 0.701.69within the sector's middle half▼ 0.22
Return on assets (ROA)3.8%-3.2%▼ 0.6pp-9.3%below the sector's middle half-0.8%within the sector's middle half▲ 10.1pp8.0%within the sector's middle half▲ 7.2pp4.4%within the sector's middle half▼ 3.6pp
Staff (FTE)17.6-16.9▼ 4.0%19.4above the sector's middle half-21.4above the sector's middle half▲ 10.3%11.6within the sector's middle half▼ 45.8%6.6within the sector's middle half▼ 43.1%
above within below The sector band is the middle half of the companies in Accommodation (NACE 55). 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 abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.6m
Fixed assets €2.1m ▼ 15.0%
Current assets €2.5m ▲ 41.0%
Equity and liabilities €4.6m
Equity €1.8m ▲ 12.2%
Provisions €5,099 ▼ 16.0%
Debt €2.7m ▲ 5.9%
Debt's share of the balance-sheet total falls from 61.1% to 59.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€618,248▼
2023 · €744,497
Cash flow
€579,321▼
2023 · €716,429
Quick ratio
1.67▼
2023 · 1.88
Debt to equity
1.49▼
2023 · 1.58
ROE
11.0%▼
2023 · 20.6%
Interest coverage
15.01▼
2023 · 23.54
Debt ≤ 1 year
€1.5m▲
2023 · €919,112
Debt > 1 year
€1.3m▼
2023 · €1.7m
Income taxes
€4,991▲
2023 · €323
Staff costs
€208,891▼
2023 · €702,070
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-09-202130-09-202230-09-202330-09-2024
Employees at the balance-sheet date292920-
full-time142014-
part-time1596-
in full-time equivalents26.126.317.4-
Average over the year, in full-time equivalents19.421.411.66.6
On a permanent contract101717-
Joined33852917
Left26762035

Source: social balance sheet in the 2021 to 2024 annual accounts

Securities and guarantees

on own assets and for others
Item30-09-202130-09-202230-09-202330-09-2024
Debts secured on the company's own assets--€847,525-
Mortgages, amount registered-€25,000--
Pledge on the business-€1.3m€1.3m€1.3m

Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-09-202130-09-202230-09-202330-09-2024
Tangible fixed assets€42,953€64,324€231,841€7,932
Depreciation and write-downs of the year€712,447€382,610€379,765€377,030

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €51,012 awarded · €30,607 paid
Year Entries AwardedPaid
2025 2 €0€0
2023 1 €0€30,607
2022 1 €51,012€0
Schemes
4 entries · €51,012 · €30,607 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 61 lines

Source: Annual accounts 2024 (PDF), filed on 30-09-2025.

Balance sheet Code20232024
Assets
Total assets20/58€4.2m€4.6m▲
Fixed assets21/28€2.5m€2.1m▼
Tangible fixed assets22/27€2.5m€2.1m▼
Plant, machinery and equipment23€2.4m€2.0m▼
Furniture and vehicles24€0.06m€0.04m▼
Current assets29/58€1.8m€2.5m▲
Amounts receivable after more than one year29€0.6m€0.7m▲
Trade receivables290€0.6m€0.6m=
Other amounts receivable291-€0.04m
Stocks and contracts in progress3€0.03m€0.03m▼
Stocks30/36€0.03m€0.03m▼
Amounts receivable within one year40/41€1.1m€1.8m▲
Trade receivables40€0.3m€0.9m▲
Other amounts receivable41€0.8m€0.9m▲
Deferred charges and accrued income490/1-€0.003m
Equity and liabilities
Total equity and liabilities10/49€4.2m€4.6m▲
Equity10/15€1.6m€1.8m▲
Contributions10/11€0.4m€0.4m=
Capital10€0.4m€0.4m=
Issued capital100€0.4m€0.4m=
Reserves13€1.2m€1.4m▲
Non-distributable reserves130/1€0.04m€0.04m=
Legal reserve130€0.04m€0.04m=
Tax-exempt reserves132€0.02m€0.02m=
Distributable reserves133€1.2m€1.4m▲
Investment grants15€0.02m€0.02m▼
Provisions and deferred taxes16€0.006m€0.005m▼
Deferred taxes168€0.006m€0.005m▼
Amounts payable17/49€2.6m€2.7m▲
Amounts payable after more than one year17€1.7m€1.3m▼
Financial debts170/4€1.3m€1.3m▼
Other amounts payable178/9€0.4m-
Amounts payable within one year42/48€0.9m€1.5m▲
Current portion of amounts payable after more than one year42€0.2m€0.07m▼
Financial debts43€365€0.007m▲
Credit institutions430/8€365€0.007m▲
Trade debts44€0.7m€1.2m▲
Suppliers440/4€0.7m€1.2m▲
Taxes, remuneration and social security45€0.05m€0.1m▲
Taxes450/3€0.004m€0.09m▲
Remuneration and social security454/9€0.04m€0.03m▼
Other amounts payable47/48-€0.03m
Income statement Code20232024
Remuneration, social security and pensions62€0.7m€0.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▼
Other operating charges640/8€0.05m€0.02m▼
Non-recurring operating charges66A€1-
Gross operating margin9900€1.5m€0.8m▼
Operating profit (loss)9901€0.4m€0.2m▼
Financial income75/76B€0.003m€0.006m▲
Recurring financial income75€0.003m€0.006m▲
Financial charges65/66B€0.03m€0.04m▲
Recurring financial charges65€0.03m€0.04m▲
Profit (loss) for the period before taxes9903€0.3m€0.2m▼
Transfer from deferred taxes780€0.001m€0.001m=
Income taxes67/77€323€0.005m▲
Profit (loss) for the period9904€0.3m€0.2m▼
Profit (loss) for the period to be appropriated9905€0.3m€0.2m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.2m▼
Transfer to equity691/2€0.3m€0.2m▼
To other reserves6921€0.3m€0.2m▼
Social balance sheet
Average headcount (FTE)908711.66.6▼

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line201820192021202220232024Change
Non-recurring operating income76A---€0.008m---
Remuneration, social security and pensions62--€0.5m€0.8m€0.7m€0.2m▼ 70.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m€0.7m€0.4m€0.4m€0.4m▼ 0.7%
Other operating charges640/8--€0.04m€0.05m€0.05m€0.02m▼ 68.7%
Non-recurring operating charges66A--€195€0.02m€1--
Gross operating margin9900€1.4m€1.3m€1.0m€1.4m€1.5m€0.8m▼ 43.7%
Operating profit (loss)9901€0.3m€0.2m-€0.3m€0.07m€0.4m€0.2m▼ 33.9%
Financial income75/76B--€0.04m€0.02m€0.003m€0.006m▲ 116%
Recurring financial income75€0.006m€0.008m€0.04m€0.02m€0.003m€0.006m▲ 116%
Financial charges65/66B--€0.2m€0.06m€0.03m€0.04m▲ 30.2%
Recurring financial charges65€0.08m€0.09m€0.2m€0.06m€0.03m€0.04m▲ 30.2%
Profit (loss) for the period before taxes9903€0.2m€0.1m-€0.4m€0.03m€0.3m€0.2m▼ 38.6%
Transfer from deferred taxes780--€0.004m€0.001m€0.001m€0.001m=
Income taxes67/77€0.07m€0.01m--€323€0.005m▲ 15×
Profit (loss) for the period9904€0.2m€0.1m-€0.4m€0.03m€0.3m€0.2m▼ 39.9%
Profit (loss) for the period to be appropriated9905€0.2m€0.1m-€0.4m€0.03m€0.3m€0.2m▼ 39.9%
Line201820192021202220232024Change
Assets
Total assets20/58€4.0m€4.1m€4.4m€3.9m€4.2m€4.6m▲ 8.3%
Fixed assets21/28€3.9m€3.6m€2.9m€2.6m€2.5m€2.1m▼ 15.0%
Tangible fixed assets22/27€3.9m€3.6m€2.9m€2.6m€2.5m€2.1m▼ 15.0%
Plant, machinery and equipment23--€2.8m€2.5m€2.4m€2.0m▼ 14.7%
Furniture and vehicles24--€0.1m€0.09m€0.06m€0.04m▼ 25.8%
Current assets29/58€0.08m€0.5m€1.4m€1.3m€1.8m€2.5m▲ 41.0%
Amounts receivable after more than one year29----€0.6m€0.7m▲ 5.8%
Trade receivables290----€0.6m€0.6m=
Other amounts receivable291-----€0.04m-
Stocks and contracts in progress3€0.01m€0.01m€0.01m€0.04m€0.03m€0.03m▼ 12.7%
Stocks30/36--€0.01m€0.04m€0.03m€0.03m▼ 12.7%
Amounts receivable within one year40/41€0.04m€0.4m€1.1m€1.0m€1.1m€1.8m▲ 61.8%
Trade receivables40--€0.4m€0.6m€0.3m€0.9m▲ 199%
Other amounts receivable41--€0.7m€0.4m€0.8m€0.9m▲ 13.6%
Cash at bank and in hand54/58€0.02m€0.08m€0.3m€0.3m---
Deferred charges and accrued income490/1--€0.02m€0.02m-€0.003m-
Equity and liabilities
Total equity and liabilities10/49€4.0m€4.1m€4.4m€3.9m€4.2m€4.6m▲ 8.3%
Equity10/15€1.7m€1.7m€1.3m€1.3m€1.6m€1.8m▲ 12.2%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m=
Capital10--€0.4m€0.4m€0.4m€0.4m=
Issued capital100--€0.4m€0.4m€0.4m€0.4m=
Reserves13€1.2m€1.2m€1.2m€0.9m€1.2m€1.4m▲ 16.5%
Non-distributable reserves130/1--€0.04m€0.04m€0.04m€0.04m=
Legal reserve130--€0.04m€0.04m€0.04m€0.04m=
Tax-exempt reserves132--€0.02m€0.02m€0.02m€0.02m=
Distributable reserves133--€1.2m€0.8m€1.2m€1.4m▲ 17.3%
Profit (loss) carried forward14€0.06m€0.06m-€0.3m€0---
Investment grants15--€0.02m€0.02m€0.02m€0.02m▼ 15.4%
Provisions and deferred taxes16€0.01m€0.01m€0.008m€0.007m€0.006m€0.005m▼ 16.0%
Deferred taxes168--€0.008m€0.007m€0.006m€0.005m▼ 16.0%
Amounts payable17/49€2.3m€2.4m€3.1m€2.6m€2.6m€2.7m▲ 5.9%
Amounts payable after more than one year17€1.1m€1.3m€1.6m€1.5m€1.7m€1.3m▼ 23.8%
Financial debts170/4--€1.3m€1.2m€1.3m€1.3m▼ 3.1%
Trade debts175--€0.3m€0.3m---
Other amounts payable178/9----€0.4m--
Amounts payable within one year42/48€1.1m€1.1m€1.4m€1.1m€0.9m€1.5m▲ 59.5%
Current portion of amounts payable after more than one year42--€0.2m€0.2m€0.2m€0.07m▼ 64.8%
Financial debts43----€365€0.007m▲ 18×
Credit institutions430/8----€365€0.007m▲ 18×
Trade debts44€0.06m€0.09m€0.1m€0.7m€0.7m€1.2m▲ 82.6%
Suppliers440/4--€0.1m€0.7m€0.7m€1.2m▲ 82.6%
Taxes, remuneration and social security45--€0.2m€0.2m€0.05m€0.1m▲ 171%
Taxes450/3--€0.07m€0.09m€0.004m€0.09m▲ 23×
Remuneration and social security454/9--€0.2m€0.1m€0.04m€0.03m▼ 21.1%
Other amounts payable47/48--€0.9m€0-€0.03m-
Accrued charges and deferred income492/3--€0.07m€0.06m---
Line201820192021202220232024Change
Profit (loss) for the period9904€150,713€130,920-€403,651€32,383€336,665€202,291▼ 39.9%
+ Depreciation and write-downs630€417,860€419,464€712,447€382,610€379,765€377,030▼ 0.7%
Operating cash flow (approximation)€568,572€550,384€308,797€414,993€716,429€579,321▼ 19.1%
Investment in fixed assets (approximation)--€114,944--€64,324-€232,682-€7,932▲ 96.6%
Change in cash-€55,845--€2,352---

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 32 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2024 abbreviated format 30-09-2025 2025-00513348 PDF
30-09-2023 abbreviated format 03-05-2024 2024-00083351 PDF
30-09-2022 abbreviated format 27-04-2023 2023-00072540 PDF
30-09-2021 abbreviated format 19-07-2022 2022-20197921 PDF
31-12-2019 abbreviated format 22-06-2020 2020-20800142 PDF
31-12-2018 abbreviated format 26-08-2019 2019-52200574 PDF
31-12-2017 abbreviated format 31-08-2018 2018-61300512 PDF
31-12-2016 abbreviated format 31-08-2017 2017-59800100 PDF
31-12-2015 abbreviated format 23-08-2016 2016-47200447 PDF
31-12-2014 abbreviated format 17-08-2015 2015-44300381 PDF

Show all 32 filings