VECOGEST
Annual accounts 2025
micro format, filed on 26-02-2026, 155 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €340,000. Estimated: probably between €260,000 and €680,000.
Balance sheet
balance sheet total €503,760 on 31-12-2025in euro
in euro
Position in the sector
1.5%
Higher than 14% of 9,119 companies in 2025.
0.92
Higher than 22% of 8,757 companies in 2025.
26.2%
Higher than 74% of 8,885 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
503,760 | 396,744 | 272,091 | 133,889 | |
20 |
- | - | - | 118 | |
21/28 |
44,865 | 45,105 | 59,554 | 4,898 | |
22/27 |
39,865 | 45,105 | 59,554 | 4,898 | |
23 |
1,249 | 2,390 | 4,212 | 3,071 | |
24 |
38,616 | 42,716 | 55,341 | 1,828 | |
28 |
5,000 | - | - | - | |
29/58 |
458,895 | 351,639 | 212,537 | 128,873 | |
40/41 |
3,449 | - | 9 | 1 | |
41 |
3,449 | - | 9 | 1 | |
54/58 |
453,174 | 350,070 | 207,828 | 128,204 | |
490/1 |
2,272 | 1,569 | 4,700 | 668 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
503,760 | 396,744 | 272,091 | 133,889 | |
10/15 |
7,500 | 338,407 | 218,780 | 100,214 | |
10/11 |
7,500 | 7,500 | 7,500 | 7,500 | |
14 |
- | 330,907 | 211,280 | 92,714 | |
17/49 |
496,260 | 58,337 | 53,310 | 33,675 | |
42/48 |
496,260 | 58,337 | 53,310 | 33,675 | |
44 |
2,327 | 527 | 1,264 | 1,711 | |
440/4 |
2,327 | 527 | 1,264 | 1,711 | |
45 |
100,333 | 51,992 | 47,494 | 28,199 | |
450/3 |
100,333 | 51,992 | 47,494 | 28,199 | |
47/48 |
393,601 | 5,818 | 4,553 | 3,765 | |
| Income statement | |||||
9900 |
184,500 | 172,349 | 165,456 | 123,217 | |
630 |
15,217 | 15,152 | 9,817 | 1,942 | |
640/8 |
1,071 | 2,716 | 3,629 | 145 | |
9901 |
168,211 | 154,481 | 152,011 | 121,130 | |
75/76B |
3,038 | 559 | 1,540 | - | |
75 |
3,038 | 559 | 1,540 | - | |
65/66B |
125 | 201 | 97 | 19 | |
65 |
125 | 201 | 97 | 19 | |
9903 |
171,124 | 154,839 | 153,455 | 121,111 | |
67/77 |
38,972 | 35,212 | 34,889 | 28,397 | |
9904 |
132,153 | 119,627 | 118,566 | 92,714 | |
9905 |
132,153 | 119,627 | 118,566 | 92,714 | |
| Appropriation of the result | |||||
9906 |
463,060 | 330,907 | 211,280 | 92,714 | |
14P |
330,907 | 211,280 | 92,714 | - | |
694/7 |
463,060 | - | - | - | |
694 |
463,060 | - | - | - | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-02-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 183,428 | 169,633 | 161,828 | 123,072 | ||
| 147,370 | 134,778 | 128,383 | 94,656 | ||
| 14,977 | 704 | 64,354 | 5,525 | ||
| 103,104 | 142,241 | 79,624 | - | ||
| -37,365 | 293,301 | 159,227 | 95,198 | ||
| 1.5% | 85.3% | 80.4% | 74.8% | ||
| 0.92 | 6.03 | 3.99 | 3.83 | ||
| 66.17 | 0.17 | 0.24 | 0.34 | ||
| - | 35.3% | 54.2% | 92.5% | ||
| 26.2% | 30.2% | 43.6% | 69.2% | ||
| over 100 | over 100 | over 100 | over 100 |
A ratio outside any meaningful range has been withheld (balance sheet total €503,760, equity €7,500).
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €9,977 | €704 | €64,354 | €5,525 |
| Financial fixed assets | €5,000 | - | - | - |
| €15,217 | €15,152 | €9,817 | €1,942 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on VECOGEST
The operating result for 2025 is 9% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Debt's share of the balance-sheet total rises from 14.7% to 98.5%. Equity is lower and debt is higher.