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VASAMED

Bruges ·KBO/BCE: BE 0859.617.562

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Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	946,588	937,644	943,314	916,520	971,049	996,653	985,382	1.0m	852,269	869,937	869,134	909,401	917,166	941,645	1.0m	1.1m	1.1m	1.1m	1.1m	1.2m
`21/28`	689,343	723,815	737,179	702,442	721,200	771,191	769,029	831,610	630,966	672,774	705,685	691,289	731,447	786,298	860,473	893,194	882,312	925,370	951,829	1.0m
`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	12,500	37,500	62,500	87,500	112,500	137,500	162,500
`22/27`	689,343	723,815	737,179	702,442	721,200	771,191	769,029	831,610	630,966	672,774	705,685	691,289	731,447	773,798	822,973	830,694	794,812	812,870	814,329	857,745
`22`	649,951	674,171	681,796	632,612	666,539	707,835	764,320	817,885	611,075	615,575	650,532	675,618	710,428	745,238	780,049	803,177	759,702	772,233	790,823	819,730
`23`	12,676	11,891	5,045	6,612	2,680	4,821	3,005	4,677	2,911	604	1,551	2,717	4,382	6,362	8,015	8,509	8,197	7,552	8,977	11,250
`24`	0	5,041	11,627	18,511	1,275	1,832	1,704	9,049	16,979	56,594	53,602	12,954	16,637	22,198	34,910	19,009	26,913	33,085	14,529	26,764
`26`	26,715	32,712	38,710	44,708	50,705	56,703	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	257,245	213,829	206,136	214,078	249,849	225,462	216,354	208,903	221,304	197,163	163,448	218,112	185,719	155,347	182,594	160,500	209,361	206,024	171,365	173,265
`40/41`	45,081	7,991	10,924	23,068	35,690	10,229	31,997	31,835	9,312	12,951	6,525	11,024	17,707	4,639	7,044	5,905	6,305	13,355	6,176	14,404
`40`	-	-	-	-	619	-	-	-	1,000	-	-	-	7,761	-	-	-	-	5,940	46	-
`41`	45,081	7,991	10,924	23,068	35,072	10,229	31,997	31,835	8,312	12,951	6,525	11,024	9,946	4,639	7,044	5,905	6,305	7,415	6,130	14,404
`54/58`	12,733	8,697	4,973	18,222	33,572	66,727	6,836	12,672	40,530	23,821	23	27,588	5,003	6,141	15,366	13,709	76,789	61,120	32,519	22,199
`490/1`	199,432	197,141	190,239	172,788	180,588	148,506	177,521	164,395	171,462	160,392	156,901	179,500	163,010	144,567	160,184	140,885	126,268	131,549	132,669	136,663
Balance sheet: equity and liabilities
`10/49`	946,588	937,644	943,314	916,520	971,049	996,653	985,382	1.0m	852,269	869,937	869,134	909,401	917,166	941,645	1.0m	1.1m	1.1m	1.1m	1.1m	1.2m
`10/15`	337,903	568,554	499,737	483,326	485,352	454,443	443,434	388,791	430,686	381,588	328,238	277,537	283,754	274,333	280,314	262,231	290,303	264,458	226,495	218,745
`10/11`	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`13`	325,503	556,154	487,337	470,926	472,952	442,043	431,034	376,391	418,286	369,188	315,838	265,137	271,354	261,933	267,914	249,831	277,903	252,058	214,095	206,345
`130/1`	-	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	381	381	381	381	381	381	381	254	127	-	-	-	-	-	-	-	-	-	-	-
`133`	325,122	555,774	485,096	468,685	470,712	439,802	428,793	374,277	416,299	367,328	313,978	263,277	269,494	260,073	266,054	247,971	276,043	250,198	212,235	204,485
`14`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	608,685	369,090	443,577	433,194	485,697	542,210	541,948	651,722	421,583	488,349	540,896	631,864	633,412	667,312	762,754	791,463	801,371	866,935	896,699	974,765
`17`	478,920	280,791	320,274	286,375	303,270	389,268	420,908	503,521	318,268	383,629	430,721	448,337	501,535	554,048	618,136	694,465	720,870	784,467	824,503	886,054
`170/4`	478,920	280,791	320,274	286,375	303,270	389,268	420,908	503,521	318,268	383,629	430,721	448,337	501,535	554,048	618,136	694,465	720,870	784,467	824,503	886,054
`42/48`	129,766	88,298	123,304	146,819	182,130	152,942	116,182	143,339	98,385	99,810	104,786	178,588	126,933	105,259	135,944	94,082	77,334	79,063	68,564	84,860
`42`	81,981	39,925	68,067	91,565	128,580	129,192	82,613	84,577	66,651	66,119	62,055	53,198	51,549	76,728	76,329	77,976	68,533	73,463	66,037	62,971
`43`	-	-	8,937	-	-	-	-	-	-	-	7,514	-	-	-	-	-	-	-	0	-
`430/8`	-	-	8,937	-	-	-	-	-	-	-	7,514	-	-	-	-	-	-	-	0	-
`44`	17,201	4,399	19,590	10,108	12,647	7,924	10,365	9,138	3,551	1,549	5,538	4,686	2,663	3,742	23,505	6,208	4,529	2,436	2,527	2,787
`440/4`	17,201	4,399	19,590	10,108	12,647	7,924	10,365	9,138	3,551	1,549	5,538	4,686	2,663	3,742	23,505	6,208	4,529	2,436	2,527	2,787
`45`	26,613	34,815	26,710	45,146	40,903	15,826	23,204	8,424	28,184	32,142	29,680	60,704	32,721	4,788	11,110	9,898	4,272	3,165	-	19,102
`450/3`	26,613	34,815	26,710	45,146	40,903	15,826	23,204	8,424	28,184	32,142	29,680	60,704	32,721	4,788	11,110	9,898	4,272	3,165	-	19,102
`47/48`	3,971	9,159	-	-	-	-	-	41,200	-	-	-	60,000	40,000	20,000	25,000	-	-	-	-	-
`492/3`	-	-	-	-	296	-	4,859	4,862	4,930	4,910	5,389	4,939	4,945	8,005	8,674	2,916	3,166	3,405	3,632	3,851
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-	-	-	-	-	92,557
`9900`	-102,270	165,718	175,628	155,391	200,470	125,660	164,475	117,497	151,694	155,051	152,065	173,488	165,712	136,454	189,269	172,211	150,451	177,248	176,373	214,538
`630`	47,701	48,930	60,263	67,597	65,433	62,059	65,485	96,853	48,138	52,119	50,541	43,450	56,214	76,749	78,185	78,246	67,356	70,495	69,615	73,761
`640/8`	5,669	5,227	6,595	5,308	4,655	4,549	4,490	5,785	3,362	4,402	4,513	4,351	4,303	4,405	3,933	5,353	2,762	5,385	3,120	3,074
`9901`	-155,640	111,561	108,770	82,486	130,382	59,052	94,500	14,858	100,193	98,530	97,011	125,687	105,194	55,299	107,151	88,612	80,333	101,368	103,639	137,703
`75/76B`	405	0	89	-	4	0	96	321	24	2,300	29	31	23	33	584	885	428	122	92	107
`75`	405	0	89	-	4	0	96	321	24	0	29	31	23	33	584	885	428	122	92	107
`76B`	-	-	-	-	-	-	-	-	-	2,300	-	-	-	-	-	-	-	-	-	-
`65/66B`	16,567	11,130	12,097	10,607	12,659	13,738	15,434	15,117	16,984	14,328	15,607	16,269	25,809	33,018	35,955	37,986	40,581	42,343	44,754	47,526
`65`	16,567	11,130	12,097	10,607	12,659	13,738	15,434	15,117	12,784	14,328	15,607	16,269	25,809	33,018	35,955	37,986	40,581	42,343	44,754	47,526
`66B`	-	-	-	-	-	-	-	-	4,200	-	-	-	-	-	-	-	-	-	-	-
`9903`	-171,801	100,431	96,762	71,880	117,727	45,314	79,163	62	83,233	86,503	81,433	109,450	79,408	26,314	71,780	51,512	40,180	59,146	58,977	182,841
`67/77`	4,335	31,613	31,380	20,555	36,117	11,306	24,520	1,957	34,135	33,152	30,733	41,667	29,986	12,295	28,697	20,759	14,336	21,183	51,227	30,621
`9904`	-176,136	68,817	65,382	51,324	81,610	34,009	54,643	-1,895	49,098	53,351	50,700	67,783	49,421	14,019	43,082	30,752	25,844	37,964	7,750	152,220
`689`	-	-	-	-	-	-	127	127	127	-	-	-	-	-	-	-	-	-	-	-
`9905`	-176,136	68,817	65,382	51,324	81,610	34,009	54,516	-2,022	48,971	53,351	50,700	67,783	49,421	14,019	43,082	30,752	25,844	37,964	7,750	152,220
Appropriation of the result
`9906`	-176,136	68,817	65,382	51,324	81,610	34,009	54,516	-2,022	48,971	53,351	50,700	67,783	49,421	14,019	43,082	30,752	25,844	37,964	7,750	152,220
`791/2`	230,652	-	48,971	53,351	50,700	-	-	42,022	0	-	-	6,217	-	5,981	-	28,071	-	-	-	-
`691/2`	0	68,817	65,382	51,324	81,610	11,009	54,516	-	48,971	53,351	50,700	-	9,421	-	18,082	-	25,844	37,964	7,750	152,220
`6921`	0	68,817	65,382	51,324	81,610	11,009	54,516	-	48,971	53,351	50,700	-	9,421	-	18,082	-	25,844	37,964	7,750	152,220
`694/7`	54,516	-	48,971	53,351	50,700	23,000	-	40,000	-	-	-	74,000	40,000	20,000	25,000	58,824	-	-	-	-
`694`	54,516	-	48,971	53,351	50,700	23,000	-	40,000	-	-	-	74,000	40,000	20,000	25,000	58,824	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	18-08-2026	2026-00403320	PDF
31-12-2024	micro format	10-10-2025	2025-00538130	PDF
31-12-2023	micro format	07-10-2024	2024-00502448	PDF
31-12-2022	micro format	18-07-2023	2023-00246691	PDF
31-12-2021	micro format	31-08-2022	2022-20388092	PDF
31-12-2020	micro format	07-07-2021	2021-32100161	PDF
31-12-2019	micro format	15-09-2020	2020-53100454	PDF
31-12-2018	micro format	11-06-2019	2019-17500585	PDF
31-12-2017	micro format	31-08-2018	2018-59300217	PDF
31-12-2016	micro format	31-07-2017	2017-39300050	PDF
31-12-2015	abbreviated format	15-07-2016	2016-33200424	PDF
31-12-2014	abbreviated format	16-07-2015	2015-31900102	PDF
31-12-2013	abbreviated format	31-07-2014	2014-39200555	PDF
31-12-2012	abbreviated format	08-07-2013	2013-27200074	PDF
31-12-2011	abbreviated format	13-07-2012	2012-28800121	PDF
31-12-2010	abbreviated format	16-08-2011	2011-39800157	PDF
31-12-2009	abbreviated format	22-07-2010	2010-31600563	PDF
31-12-2008	abbreviated format	03-08-2009	2009-51800342	PDF
31-12-2007	abbreviated format	11-08-2008	2008-54800003	PDF
31-12-2006	abbreviated format	27-08-2007	2007-60300254	PDF
31-12-2005	abbreviated format	05-07-2006	2006-41103285	PDF
31-12-2004	abbreviated format	28-09-2005	2005-73403817	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-107,939	160,491	169,033	150,083	195,815	121,112	159,985	111,711	148,331	150,649	147,552	169,138	161,409	132,049	185,336	166,857	147,689	171,863	173,254	211,464
-128,435	117,748	125,645	118,921	147,043	96,068	120,128	94,959	97,236	105,470	101,241	111,233	105,636	90,769	121,268	108,998	93,200	108,459	77,365	225,980
13,229	35,567	95,000	48,839	15,442	64,222	2,903	297,498	37,530	40,408	68,877	3,292	1,363	2,574	45,464	89,128	24,298	53,962	1,199	45,172
4,036	3,725	-13,250	-15,349	-33,155	59,891	-5,836	-27,858	16,709	23,798	-27,566	22,585	-1,138	-9,225	1,657	-63,079	15,669	28,601	10,321	-
127,480	125,531	82,832	67,259	67,719	72,520	100,172	65,564	122,918	97,353	58,662	39,524	58,787	50,088	46,650	66,417	132,027	126,961	102,801	88,405
35.7%	60.6%	53.0%	52.7%	50.0%	45.6%	45.0%	37.4%	50.5%	43.9%	37.8%	30.5%	30.9%	29.1%	26.9%	24.9%	26.6%	23.4%	20.2%	18.3%
1.98	2.42	1.67	1.46	1.37	1.47	1.86	1.46	2.25	1.98	1.56	1.22	1.46	1.48	1.34	1.71	2.71	2.61	2.50	2.04
1.80	0.65	0.89	0.90	1.00	1.19	1.22	1.68	0.98	1.28	1.65	2.28	2.23	2.43	2.72	3.02	2.76	3.28	3.96	4.46
-52.1%	12.1%	13.1%	10.6%	16.8%	7.5%	12.3%	-0.5%	11.4%	14.0%	15.4%	24.4%	17.4%	5.1%	15.4%	11.7%	8.9%	14.4%	3.4%	69.6%
-18.6%	7.3%	6.9%	5.6%	8.4%	3.4%	5.5%	-0.2%	5.8%	6.1%	5.8%	7.5%	5.4%	1.5%	4.1%	2.9%	2.4%	3.4%	0.7%	12.8%
-6.52	14.42	13.97	14.15	15.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€27,500	-	-	-	-
	€357,500	-	-	-	-
Carrying value of the mortgaged assets	€136,606	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€13,229	€35,567	€95,000	€48,839	€15,442
	€47,701	€48,930	€60,263	€67,597	€65,433

VASAMED

Annual accounts 2025

Balance sheet

in euro

in euro

Position in the sector

35.7%

1.98

-18.6%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VASAMED

Next steps

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency35.7%

Current ratio1.98

Return on assets-18.6%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VASAMED

Next steps

in euro

in euro

35.7%

1.98

-18.6%