VANMEX
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 6 filings
Equity
-€79,251▼ 1,282%
2024 · -€5,735
Total assets
€1.5m▲ 2.1%
2024 · €1.5m
Net result
-€73,516
2024 · €15,518
Working capital
-€1.1m▼ 22.2%
2024 · -€883,788
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€23,682
2025
20202025
Net result
-€73,516
2025
lowest quarter of the sector
20202025
Equity
-€79,251
▼ 1,282%
2025
lowest quarter of the sector
20202025
Total assets
€1.5m
▲ 2.1%
2025
middle half of the sector
20202025
Debt
€1.6m
▲ 6.9%
2025
20202025
Working capital
-€1.1m
▼ 22.2%
2025
lowest quarter of the sector
20202025
Solvency
-5.2%
▼ 4.8pp
2025
lowest quarter of the sector
20202025
Current ratio
0.11
▲ 0.01
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-4.8%
▼ 5.8pp
2025
lowest quarter of the sector
20202025
Staff (FTE)
0
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€0.003m--€0.02m€0.01m€0.03m▲ 178%€0.04m▲ 38.9%-€0.02m
Net result€0.001mwithin the sector's middle half--€0.03mbelow the sector's middle half-€0.01mbelow the sector's middle half▲ 63.2%€0.009mwithin the sector's middle half€0.02mwithin the sector's middle half▲ 64.9%-€0.07mbelow the sector's middle half
Equity€0.007mbelow the sector's middle half--€0.02mbelow the sector's middle half-€0.03mbelow the sector's middle half▼ 49.6%-€0.02mbelow the sector's middle half▲ 30.7%-€0.006mbelow the sector's middle half▲ 73.0%-€0.08mbelow the sector's middle half▼ 1,282%
Total assets€0.03mbelow the sector's middle half-€0.9mwithin the sector's middle half▲ 34×€0.9mwithin the sector's middle half▼ 2.6%€0.9mwithin the sector's middle half▲ 1.8%€1.5mwithin the sector's middle half▲ 69.0%€1.5mwithin the sector's middle half▲ 2.1%
Debt€0.02m-€0.9m▲ 48×€0.9m▼ 1.5%€0.9m▲ 0.7%€1.5m▲ 65.7%€1.6m▲ 6.9%
Working capital€0.004mwithin the sector's middle half--€0.1mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 42.9%-€0.2mbelow the sector's middle half▼ 20.5%-€0.9mbelow the sector's middle half▼ 257%-€1.1mbelow the sector's middle half▼ 22.2%
Solvency27.0%within the sector's middle half--2.3%below the sector's middle half▼ 29.3pp-3.5%below the sector's middle half▼ 1.2pp-2.4%below the sector's middle half▲ 1.1pp-0.4%below the sector's middle half▲ 2.0pp-5.2%below the sector's middle half▼ 4.8pp
Current ratio1.22within the sector's middle half-0.40below the sector's middle half▼ 0.820.26below the sector's middle half▼ 0.140.26below the sector's middle half=0.10below the sector's middle half▼ 0.160.11below the sector's middle half▲ 0.01
Return on assets (ROA)4.2%within the sector's middle half--3.1%below the sector's middle half▼ 7.3pp-1.2%below the sector's middle half▲ 1.9pp1.1%within the sector's middle half▲ 2.2pp1.0%within the sector's middle half=-4.8%below the sector's middle half▼ 5.8pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 operating result for 2025 is a loss of €23,682, after a profit of €43,197 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.4m ▲ 0.1%
Current assets
€133,708 ▲ 29.0%
Equity and liabilities
Equity-€79,251
Debt€1.6m
Equity is negative. Debt (€1.6m) exceeds the balance-sheet total (€1.5m).
Key figures and ratios
EBITDA
-€23,188▼
2024 · €43,938
Cash flow
-€73,023▼
2024 · €16,260
Interest coverage
-0.45▼
2024 · 1.60
Debt ≤ 1 year
€1.2m▲
2024 · €987,429
Debt > 1 year
€400,000▼
2024 · €521,931
Income taxes
€243▼
2024 · €266
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | €8,250 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €731,065 | €400,000 | €400,000 | €574,201 | €521,931 |
| Carrying value of the other pledged assets | - | €800,000 | €800,000 | €800,000 | €800,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,286 |
| Financial fixed assets | €800,000 | - | - | €600,000 | - |
| Depreciation and write-downs of the year | €742 | €742 | €742 | €742 | €494 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €257 | €742 | €742 | €742 | €742 | €494 | ▼ 33.4% |
| Other operating charges640/8 | - | €1,105 | €441 | €398 | €320 | €2,470 | ▲ 672% |
| Gross operating margin9900 | €4,447 | -€21,758 | €12,366 | €32,232 | €44,258 | -€20,718 | - |
| Operating profit (loss)9901 | €3,186 | -€23,605 | €11,184 | €31,093 | €43,197 | -€23,682 | - |
| Financial income75/76B | - | - | - | - | - | €2,416 | - |
| Recurring financial income75 | - | - | - | - | - | €2,416 | - |
| Financial charges65/66B | - | €3,491 | €21,049 | €21,401 | €27,412 | €52,008 | ▲ 89.7% |
| Recurring financial charges65 | €94 | €3,491 | €21,049 | €21,401 | €27,412 | €52,008 | ▲ 89.7% |
| Profit (loss) for the period before taxes9903 | €3,092 | -€27,096 | -€9,865 | €9,692 | €15,784 | -€73,274 | - |
| Income taxes67/77 | €1,982 | €520 | €296 | €278 | €266 | €243 | ▼ 8.7% |
| Profit (loss) for the period9904 | €1,110 | -€27,616 | -€10,161 | €9,413 | €15,518 | -€73,516 | - |
| Profit (loss) for the period to be appropriated9905 | €1,110 | -€27,616 | -€10,161 | €9,413 | €15,518 | -€73,516 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.03m | €0.9m | €0.9m | €0.9m | €1.5m | €1.5m | ▲ 2.1% |
| Fixed assets21/28 | €0.003m | €0.8m | €0.8m | €0.8m | €1.4m | €1.4m | ▲ 0.1% |
| Tangible fixed assets22/27 | €0.003m | €0.003m | €0.002m | €0.001m | €484 | €0.001m | ▲ 164% |
| Furniture and vehicles24 | - | €0.003m | €0.002m | €0.001m | €484 | €0.001m | ▲ 164% |
| Financial fixed assets28 | - | €0.8m | €0.8m | €0.8m | €1.4m | €1.4m | = |
| Current assets29/58 | €0.02m | €0.1m | €0.07m | €0.09m | €0.1m | €0.1m | ▲ 29.0% |
| Amounts receivable within one year40/41 | €0.02m | €0.05m | €0.005m | €0.06m | €0.08m | €0.1m | ▲ 45.8% |
| Trade receivables40 | - | €0.05m | €0 | €0.04m | €0 | - | - |
| Other amounts receivable41 | - | - | €0.005m | €0.02m | €0.08m | €0.1m | ▲ 45.8% |
| Cash at bank and in hand54/58 | €327 | €0.03m | €0.03m | €0.009m | €0.006m | €0.004m | ▼ 25.4% |
| Deferred charges and accrued income490/1 | - | €0.01m | €0.03m | €0.02m | €0.01m | €0.007m | ▼ 51.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.03m | €0.9m | €0.9m | €0.9m | €1.5m | €1.5m | ▲ 2.1% |
| Equity10/15 | €0.007m | -€0.02m | -€0.03m | -€0.02m | -€0.006m | -€0.08m | ▼ 1,282% |
| Contributions10/11 | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.001m | -€0.03m | -€0.04m | -€0.03m | -€0.01m | -€0.09m | ▼ 626% |
| Amounts payable17/49 | €0.02m | €0.9m | €0.9m | €0.9m | €1.5m | €1.6m | ▲ 6.9% |
| Amounts payable after more than one year17 | - | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 23.4% |
| Financial debts170/4 | - | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 23.4% |
| Amounts payable within one year42/48 | €0.02m | €0.2m | €0.3m | €0.3m | €1.0m | €1.2m | ▲ 22.9% |
| Current portion of amounts payable after more than one year42 | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.1m | ▲ 133% |
| Trade debts44 | €461 | €0.008m | €0.001m | €0.003m | €0.003m | €0.03m | ▲ 923% |
| Suppliers440/4 | - | €0.008m | €0.001m | €0.003m | €0.003m | €0.03m | ▲ 923% |
| Taxes, remuneration and social security45 | - | €0.009m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 15.9% |
| Taxes450/3 | - | €0.009m | €0.02m | €0.02m | €0.03m | €0.02m | ▼ 15.9% |
| Other amounts payable47/48 | - | €0.2m | €0.2m | €0.3m | €0.9m | €1.0m | ▲ 14.7% |
| Accrued charges and deferred income492/3 | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,110 | -€27,616 | -€10,161 | €9,413 | €15,518 | -€73,516 | - |
| + Depreciation and write-downs630 | €257 | €742 | €742 | €742 | €742 | €494 | ▼ 33.4% |
| Operating cash flow (approximation) | €1,368 | -€26,874 | -€9,419 | €10,155 | €16,260 | -€73,023 | - |
| Investment in fixed assets (approximation) | - | -€800,000 | €0 | €0 | -€600,000 | -€1,286 | ▲ 99.8% |
| Change in cash | - | €29,998 | €4,511 | -€25,384 | -€3,433 | -€1,527 | ▲ 55.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00361772 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00204794 | |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00162617 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00252485 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20098737 | |
| 31-12-2020 | micro format | 26-06-2021 | 2021-24900334 |