VB IMMO
Annual accounts 2025
micro format, filed on 15-07-2026, 16 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €160,000 and €330,000.
Balance sheet
balance sheet total €869,758 on 31-12-2025in euro
in euro
Position in the sector
-31.3%
Higher than 9% of 9,685 companies in 2025.
0.08
Lower than 95% of 9,305 companies in 2025.
0.5%
Higher than 25% of 9,429 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Staff
€58,414
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
869,758 | 891,119 | 929,963 | 1.0m | 789,023 | 528,306 | 532,037 | 406,330 | 18,072 | 4,191 | |
21/28 |
819,601 | 859,469 | 899,338 | 970,944 | 763,554 | 521,568 | 492,282 | 403,032 | - | - | |
22/27 |
819,601 | 859,469 | 899,338 | 970,944 | 763,554 | 521,568 | 492,282 | 403,032 | - | - | |
22 |
818,034 | 857,732 | 897,430 | 968,865 | 761,304 | 519,147 | 492,282 | 403,032 | - | - | |
23 |
1,566 | 1,737 | 1,908 | 2,079 | 2,250 | 2,421 | - | - | - | - | |
29/58 |
50,157 | 31,650 | 30,625 | 29,539 | 25,469 | 6,737 | 39,755 | 3,297 | 18,072 | 4,191 | |
40/41 |
13,470 | 1,998 | 3,917 | 4,135 | 2,135 | 1,327 | 5,216 | 827 | - | - | |
40 |
5,478 | - | - | 2,000 | - | - | - | - | - | - | |
41 |
7,992 | 1,998 | 3,917 | 2,135 | 2,135 | 1,327 | 5,216 | 827 | - | - | |
54/58 |
36,665 | 29,652 | 26,707 | 25,404 | 23,027 | 5,411 | 34,314 | 2,364 | 17,940 | 4,191 | |
490/1 |
22 | - | - | - | 307 | - | 224 | 106 | 132 | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
869,758 | 891,119 | 929,963 | 1.0m | 789,023 | 528,306 | 532,037 | 406,330 | 18,072 | 4,191 | |
10/15 |
-272,376 | -276,445 | -269,804 | -220,387 | -174,105 | -152,835 | -130,833 | -95,100 | 4,258 | 3,791 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | 12,400 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | - | - | |
14 |
-290,976 | -295,045 | -288,404 | -238,987 | -192,705 | -171,435 | -149,433 | -113,700 | -14,342 | -2,409 | |
17/49 |
1.1m | 1.2m | 1.2m | 1.2m | 963,127 | 681,140 | 662,869 | 501,429 | 13,814 | 400 | |
17 |
549,329 | 598,717 | 647,046 | 701,622 | 537,029 | 376,842 | 357,686 | 318,533 | - | - | |
170/4 |
549,329 | 598,717 | 647,046 | 701,622 | 537,029 | 376,842 | 357,686 | 318,533 | - | - | |
42/48 |
592,805 | 568,847 | 552,721 | 519,247 | 426,098 | 304,117 | 304,516 | 182,896 | 13,814 | 400 | |
42 |
49,388 | 48,329 | 47,294 | 35,407 | 31,813 | 21,039 | - | 1,467 | - | - | |
44 |
9,894 | 5,248 | 3,963 | 4,097 | 5,104 | 4,909 | 44,129 | 2,796 | 1,048 | 400 | |
440/4 |
9,894 | 5,248 | 3,963 | 4,097 | 5,104 | 4,909 | 44,129 | 2,796 | 1,048 | 400 | |
45 |
13,996 | 11,292 | 9,841 | 6,121 | 4,394 | 3,169 | 3,387 | 2,633 | 2,266 | - | |
450/3 |
2,984 | 675 | 338 | 410 | 932 | 72 | 1 | 3 | - | - | |
454/9 |
11,012 | 10,617 | 9,504 | 5,712 | 3,462 | 3,097 | 3,385 | 2,630 | 2,266 | - | |
47/48 |
519,526 | 503,978 | 491,622 | 473,622 | 384,788 | 275,000 | 257,000 | 176,000 | 10,500 | - | |
492/3 |
- | - | - | - | - | 181 | 667 | - | - | - | |
| Income statement | |||||||||||
9900 |
127,916 | 117,518 | 101,898 | 70,465 | 50,758 | 28,123 | 13,003 | 3,448 | -2,126 | -483 | |
62 |
58,414 | 57,019 | 53,173 | 27,080 | 18,155 | 15,004 | 17,615 | 18,237 | 9,213 | - | |
630 |
39,869 | 39,869 | 71,606 | 68,907 | 37,435 | 23,089 | 20,612 | 77,429 | - | 1,177 | |
640/8 |
7,202 | 7,428 | 6,137 | 3,572 | 2,670 | 2,036 | 1,903 | 1,260 | 555 | 709 | |
9901 |
22,431 | 13,203 | -29,018 | -29,093 | -7,502 | -12,008 | -27,127 | -93,477 | -11,894 | -2,368 | |
75/76B |
31 | 10 | 0 | - | - | - | - | 0 | 0 | 0 | |
75 |
31 | 10 | 0 | - | - | - | - | 0 | 0 | 0 | |
65/66B |
18,389 | 19,854 | 20,399 | 17,189 | 13,768 | 9,994 | 8,607 | 5,880 | 40 | 40 | |
65 |
18,389 | 19,854 | 20,399 | 17,189 | 13,768 | 9,994 | 8,607 | 5,880 | 40 | 40 | |
9903 |
4,073 | -6,641 | -49,417 | -46,282 | -21,270 | -22,002 | -35,733 | -99,357 | -11,934 | -2,409 | |
67/77 |
4 | - | - | - | - | - | - | 0 | 0 | - | |
9904 |
4,069 | -6,641 | -49,417 | -46,282 | -21,270 | -22,002 | -35,733 | -99,357 | -11,934 | -2,409 | |
9905 |
4,069 | -6,641 | -49,417 | -46,282 | -21,270 | -22,002 | -35,733 | -99,357 | -11,934 | -2,409 | |
| Appropriation of the result | |||||||||||
9906 |
-290,976 | -295,045 | -288,404 | -238,987 | -192,705 | -171,435 | -149,433 | -113,700 | -14,342 | -2,409 | |
14P |
-295,045 | -288,404 | -238,987 | -192,705 | -171,435 | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
1 | 1 | 1 | 0.8 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | - | |
Hours worked1013 |
1,756 | 1,763 | 1,748 | 1,366 | 924 | 768 | 908 | 964 | 500 | - | |
| Document | |||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00301131 | |
| 31-12-2024 | micro format | 17-07-2025 | 2025-00278830 | |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00270418 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00229229 | |
| 31-12-2021 | full format | 26-08-2022 | 2022-20331320 | |
| 31-12-2020 | full format | 27-08-2021 | 2021-56900172 | |
| 31-12-2019 | full format | 21-10-2020 | 2020-62600182 | |
| 31-12-2018 | full format | 31-08-2019 | 2019-61800230 | |
| 31-12-2017 | full format | 28-08-2018 | 2018-52500115 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-51100516 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 62,300 | 53,071 | 42,588 | 39,813 | 29,933 | 11,082 | -6,515 | -16,049 | - | -1,192 | ||
| 43,938 | 33,227 | 22,189 | 22,624 | 16,165 | 1,088 | -15,121 | -21,929 | - | -1,232 | ||
| 0 | 0 | 0 | 276,297 | 279,421 | 52,375 | 109,861 | 480,461 | - | - | ||
| 7,013 | 2,945 | 1,303 | 2,377 | 17,616 | -28,904 | 31,950 | -15,575 | 13,748 | - | ||
| -542,648 | -537,198 | -522,096 | -489,709 | -400,629 | -297,379 | -264,761 | -179,599 | 4,258 | 3,791 | ||
| -31.3% | -31.0% | -29.0% | -22.0% | -22.1% | -28.9% | -24.6% | -23.4% | 23.6% | - | ||
| 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.02 | 0.13 | 0.02 | 1.31 | - | ||
| - | - | - | - | - | - | - | - | 3.24 | - | ||
| - | - | - | - | - | - | - | - | -280.3% | - | ||
| 0.5% | -0.7% | -5.3% | -4.6% | -2.7% | -4.2% | -6.7% | -24.5% | -66.0% | - | ||
| 3.39 | 2.67 | 2.09 | 2.32 | 2.17 | - | - | - | - | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | - |
| part-time | - | - | - | - | 1 |
| in full-time equivalents | 1 | 1 | 1 | 1 | 0.5 |
| 1 | 1 | 1 | 0.8 | 0.5 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €276,297 | €279,421 |
| €39,869 | €39,869 | €71,606 | €68,907 | €37,435 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VB IMMO
The operating result for 2025 is 70% higher than in 2024 and the highest since 2016. It is the third rise in a row, after the fall in 2022.
Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€869,758).