VCOVERS
Annual accounts 2025
micro format, filed on 18-08-2026, 18 days late€85,691
▲ 140%
€49,986
▲ 516%
€59,223
▲ 229%
€40,697
▲ 199%
45.7%
▲ 12.8 percentage points
1.81
▲ 0.38
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €370,000. Estimated: probably between €230,000 and €500,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €189,862 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
45.7%
Higher than 49% of 37,211 companies in 2025.
1.81
Higher than 50% of 36,505 companies in 2025.
16.6%
Higher than 72% of 36,740 companies in 2025.
VCOVERS
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€42,318
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, nobody joined and 1 person left. Training hours in 2025: 124.
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 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
189,862 | 168,381 | 168,559 | 146,587 | 67,179 | 2,829 | 3,560 | 4,360 | 5,156 | 22,947 | 23,825 | 94,977 | 95,863 | 116,674 | 117,915 | 120,796 | 123,148 | |
21/28 |
5,507 | 12,873 | 12,888 | 17,811 | 16,377 | - | - | - | - | - | - | 82,000 | 82,000 | 82,000 | 82,000 | 118,000 | 118,000 | |
21 |
510 | 1,405 | 2,300 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
2,897 | 9,368 | 8,638 | 15,861 | 16,377 | - | - | - | - | - | 0 | 82,000 | 82,000 | 82,000 | 82,000 | 118,000 | 118,000 | |
23 |
1,015 | 5,890 | - | 2,201 | 4,451 | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
29 | 3,478 | 8,638 | 13,660 | 11,926 | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
1,853 | - | - | - | - | - | - | - | - | - | - | 82,000 | 82,000 | 82,000 | 82,000 | 118,000 | 118,000 | |
28 |
2,100 | 2,100 | 1,950 | 1,950 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
184,356 | 155,507 | 155,671 | 128,775 | 50,803 | 2,829 | 3,560 | 4,360 | 5,156 | 22,947 | 23,825 | 12,977 | 13,863 | 34,674 | 35,915 | 2,796 | 5,148 | |
29 |
- | - | - | - | - | - | - | - | 5,156 | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | 5,156 | - | - | - | - | - | - | - | - | |
3 |
8,900 | 12,950 | 10,025 | 7,790 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
8,900 | 12,950 | 10,025 | 7,790 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
26,328 | 51,120 | 94,555 | 26,779 | 17,010 | - | - | - | - | - | - | - | 14 | 134 | 336 | 403 | 1,578 | |
40 |
16,621 | 38,093 | 93,982 | 24,671 | 16,800 | - | - | - | - | - | - | - | - | - | - | - | - | |
41 |
9,707 | 13,026 | 574 | 2,108 | 210 | - | - | - | - | - | - | - | 14 | 134 | 336 | 403 | 1,578 | |
54/58 |
141,464 | 90,038 | 50,141 | 90,457 | 33,793 | 2,829 | 3,560 | 4,360 | - | 22,947 | 23,825 | 12,977 | 13,849 | 34,539 | 35,579 | 2,393 | 3,570 | |
490/1 |
7,664 | 1,400 | 950 | 3,749 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
189,862 | 168,381 | 168,559 | 146,587 | 67,179 | 2,829 | 3,560 | 4,360 | 5,156 | 22,947 | 23,825 | 94,977 | 95,863 | 116,674 | 117,915 | 120,796 | 123,148 | |
10/15 |
86,843 | 55,382 | 51,682 | 23,748 | -60,312 | -88,956 | -88,225 | -87,425 | -86,629 | -85,838 | -84,960 | -13,808 | -12,922 | -12,111 | -11,208 | -8,766 | 4,602 | |
10/11 |
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 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
63,094 | 31,634 | 27,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
63,094 | 31,634 | 27,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
5,148 | 5,148 | 5,148 | 5,148 | -78,912 | -107,556 | -106,825 | -106,025 | -105,229 | -104,438 | -103,560 | -32,408 | -31,522 | -30,711 | -29,808 | -27,366 | -13,998 | |
17/49 |
103,020 | 112,998 | 116,877 | 122,838 | 127,491 | 91,785 | 91,785 | 91,785 | 91,785 | 108,785 | 108,785 | 108,785 | 108,785 | 128,785 | 129,123 | 129,562 | 118,546 | |
17 |
1,038 | 4,051 | - | - | - | 91,785 | 91,785 | 91,785 | 91,785 | 108,785 | 108,785 | 108,785 | 108,785 | 128,785 | 128,785 | 127,785 | - | |
170/4 |
1,038 | 4,051 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | 91,785 | 91,785 | 91,785 | 91,785 | 108,785 | 108,785 | 108,785 | 108,785 | 128,785 | 128,785 | 127,785 | - | |
42/48 |
101,982 | 108,947 | 116,877 | 122,838 | 127,491 | - | - | - | - | - | - | - | - | - | 338 | 1,777 | 118,546 | |
42 |
3,013 | 2,867 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
7,040 | 25,265 | 14,196 | 1,746 | 14,708 | - | - | - | - | - | - | - | - | - | 338 | 1,777 | 2,761 | |
440/4 |
7,040 | 25,265 | 14,196 | 1,746 | 14,708 | - | - | - | - | - | - | - | - | - | 338 | 1,777 | 2,761 | |
46 |
4,232 | - | 10,409 | - | 19,790 | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
7,142 | 454 | 12,512 | 30,871 | 1,208 | - | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
7,142 | - | 10,512 | 30,871 | 1,208 | - | - | - | - | - | - | - | - | - | - | - | - | |
454/9 |
0 | 454 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
80,554 | 80,361 | 79,759 | 90,221 | 91,785 | - | - | - | - | - | - | - | - | - | - | - | 115,785 | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 11,570 | - | - | - | 35,000 | - | 22,500 | |
76A |
- | - | - | - | - | - | - | - | - | - | 134 | - | - | - | 636 | - | - | |
9900 |
85,691 | 35,751 | 54,679 | 122,042 | 29,129 | -363 | -435 | -433 | -431 | -519 | -70,947 | -517 | -455 | -563 | -2,524 | -12,768 | -13,055 | |
60/61 |
- | - | - | - | - | 363 | -435 | -433 | -431 | -519 | -82,517 | -517 | -455 | -563 | 37,524 | -12,768 | 35,555 | |
62 |
25,391 | 16,280 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
9,236 | 9,915 | 9,281 | 6,534 | 123 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,077 | 1,444 | 823 | 1,181 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | 361 | 348 | 348 | 348 | 348 | 695 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31 | - | |
9901 |
49,986 | 8,111 | 44,575 | 114,327 | 28,659 | -711 | -783 | -781 | -779 | -866 | -71,294 | -878 | -803 | -911 | -2,872 | -13,115 | -13,750 | |
75/76B |
638 | 601 | 441 | 873 | 109 | - | - | - | - | - | 3 | 6 | 20 | 34 | 5 | 1 | 27 | |
75 |
638 | 601 | 441 | 873 | 109 | - | - | - | - | - | 3 | 6 | 20 | 34 | 5 | 1 | 27 | |
65/66B |
3,494 | 3,228 | 2,989 | 396 | 124 | 21 | 17 | 15 | 12 | 12 | 0 | 12 | 23 | 20 | 211 | 222 | 275 | |
65 |
3,494 | 3,228 | 2,989 | 396 | 124 | 21 | 17 | 15 | 12 | 12 | 0 | 12 | 23 | 20 | 211 | 222 | 275 | |
9903 |
47,130 | 5,485 | 42,027 | 114,803 | 28,644 | -732 | -800 | -796 | -791 | -878 | -71,157 | -884 | -806 | -897 | -2,441 | -13,367 | -13,998 | |
67/77 |
15,669 | 1,785 | 14,093 | 30,743 | - | - | - | - | - | - | -4 | 1 | 5 | 7 | 1 | 0 | 1 | |
9904 |
31,460 | 3,700 | 27,934 | 84,061 | 28,644 | -732 | -800 | -796 | -791 | -878 | -71,153 | -886 | -811 | -904 | -2,442 | -13,367 | -13,998 | |
9905 |
31,460 | 3,700 | 27,934 | 84,061 | 28,644 | -732 | -800 | -796 | -791 | -878 | -71,153 | -886 | -811 | -904 | -2,442 | -13,367 | -13,998 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
36,609 | 8,848 | 33,082 | 5,148 | -78,912 | -107,556 | -106,825 | -106,025 | -105,229 | -104,438 | -103,560 | -32,408 | -31,522 | -30,711 | -29,808 | -27,366 | -13,998 | |
14P |
5,148 | 5,148 | 5,148 | -78,912 | -107,556 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
31,460 | 3,700 | 27,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
31,460 | 3,700 | 27,934 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
0.6 | 0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
736 | 496 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00404058.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00404058 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321879 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00186237 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00147049 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20188240 | |
| 31-12-2020 | micro format | 29-07-2021 | 2021-43900354 | |
| 31-12-2019 | micro format | 17-06-2020 | 2020-18600346 | |
| 31-12-2018 | abbreviated format | 05-06-2019 | 2019-17800204 | |
| 31-12-2017 | abbreviated format | 31-05-2018 | 2018-15100272 | |
| 31-12-2016 | abbreviated format | 30-05-2017 | 2017-14000140 | |
| 31-12-2015 | abbreviated format | 24-05-2016 | 2016-13300090 | |
| 31-12-2014 | abbreviated format | 15-06-2015 | 2015-17500501 | |
| 31-12-2013 | abbreviated format | 05-06-2014 | 2014-15900600 | |
| 31-12-2012 | abbreviated format | 12-06-2013 | 2013-17400470 | |
| 31-12-2011 | abbreviated format | 31-05-2012 | 2012-14100028 | |
| 31-12-2010 | abbreviated format | 07-06-2011 | 2011-15400474 | |
| 31-12-2009 | abbreviated format | 18-06-2010 | 2010-20500116 |
Subsidies and aid
Flemish government 2022, 1 entry, €240 awarded, €240 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59,223 | 18,026 | 53,856 | 120,861 | 28,782 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 40,697 | 13,615 | 37,215 | 90,594 | 28,767 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 45,788 | 9,900 | 4,358 | 7,968 | 16,500 | - | - | - | - | - | - | - | - | - | - | - | 133,000 | ||
| 51,427 | 39,897 | -40,317 | 56,665 | 30,964 | -732 | -800 | - | - | -878 | 10,847 | -872 | -20,690 | -1,039 | 33,186 | -1,176 | - | ||
| 82,374 | 46,560 | 38,794 | 5,937 | -76,689 | - | - | - | - | - | - | - | - | - | 35,577 | 1,019 | -113,398 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8.2% | - | -61.1% | ||
| 45.7% | 32.9% | 30.7% | 16.2% | -89.8% | - | - | - | - | -374.1% | -356.6% | -14.5% | -13.5% | -10.4% | -9.5% | -7.3% | 3.7% | ||
| 1.81 | 1.43 | 1.33 | 1.05 | 0.40 | - | - | - | - | - | - | - | - | - | - | 1.57 | 0.04 | ||
| 1.72 | 1.31 | 1.25 | 0.98 | 0.40 | - | - | - | - | - | - | - | - | - | - | 1.57 | 0.04 | ||
| 1.19 | 2.04 | 2.26 | 5.17 | - | - | - | - | - | - | - | - | - | - | - | - | 25.76 | ||
| 36.2% | 6.7% | 54.0% | 354.0% | - | - | - | - | - | - | - | - | - | - | - | - | -304.2% | ||
| 16.6% | 2.2% | 16.6% | 57.3% | 42.6% | - | - | - | -15.3% | -3.8% | -298.7% | -0.9% | -0.8% | -0.8% | -2.1% | -11.1% | -11.4% | ||
| 16.95 | 5.59 | 18.02 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4 days | - | 26 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3 days | - | 28 days |
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 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| full-time | - | 1 |
| part-time | - | 0 |
| in full-time equivalents | - | 1 |
| 0.6 | 0.3 | |
| On a permanent contract | - | 1 |
| Joined | 0 | 1 |
| Left | 1 | 0 |
| Training hours | 124 | 24 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €45,788 | €9,750 | €1,673 | €6,018 | €16,500 |
| Intangible fixed assets | - | - | €2,685 | - | - |
| Financial fixed assets | - | €150 | - | €1,950 | - |
| €9,236 | €9,915 | €9,281 | €6,534 | €123 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VCOVERS
The operating result for 2025 is nearly 6.2 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 67.1% to 54.3%. Equity is higher and debt is lower.