VEDA (0885.434.311): financials and annual accounts

VEDA

Sint-Katelijne-Waver ·KBO/BCE: BE 0885.434.311

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	6.2m	6.1m	5.9m	6.1m	6.1m	6.3m	6.5m	6.4m	6.5m	2.0m	3.0m	2.8m	2.9m	2.9m	2.7m	2.4m	2.4m	2.3m	3.1m
Fixed assets`21/28`	1.9m	1.5m	1.4m	1.1m	1.2m	956,337	524,098	553,894	546,855	865,832	955,644	937,234	980,943	1.0m	1.0m	1.0m	982,221	1.0m	624,730
Tangible fixed assets`22/27`	608,762	460,642	457,381	464,366	478,027	506,470	524,098	553,894	546,854	865,831	955,643	937,233	980,942	1.0m	1.0m	1.0m	982,221	1.0m	624,730
Land and buildings`22`	472,141	423,646	432,660	436,833	458,541	480,625	500,493	522,563	544,633	862,103	893,319	928,659	965,478	1.0m	1.0m	981,501	958,236	984,353	623,261
Plant, machinery and equipment`23`	17,874	20,489	7,137	7,174	4,913	3,180	2,978	3,677	1,328	1,804	2,050	2,460	2,870	3,900	5,349	1,860	2,479	-	-
Furniture and vehicles`24`	14,008	16,506	17,584	20,359	14,572	22,665	20,627	27,654	893	1,924	60,274	6,113	12,593	15,176	16,642	18,525	21,505	22,804	1,469
Assets under construction and advance payments`27`	104,739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	1.3m	1.1m	954,905	607,030	735,254	449,868	-	1	1	1	1	1	1	1	1	-	-	-	-
Current assets`29/58`	4.2m	4.6m	4.5m	5.0m	4.9m	5.3m	6.0m	5.8m	5.9m	1.2m	2.0m	1.9m	1.9m	1.9m	1.7m	1.4m	1.4m	1.3m	2.5m
Amounts receivable after more than one year`29`	284,590	212,620	266,282	75,262	186,376	34,563	26,755	26,201	25,015	28,460	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	284,590	212,620	266,282	75,262	186,376	34,563	26,755	26,201	25,015	28,460	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	31,835	-	-	-	-	4,120	111,639	56,555	262,324	689,419	1.3m	1.1m	718,685	685,735	543,528	17,253	22,950	123,514	45,469
Trade receivables`40`	-	-	-	-	-	3,920	1,639	350	-	15,561	15,360	25,705	15,622	10,042	57,677	13,943	14,565	115,834	37,944
Other amounts receivable`41`	31,835	-	-	-	-	200	110,000	56,205	262,324	673,858	1.3m	1.1m	703,063	675,694	485,851	3,310	8,385	7,680	7,525
Current investments`50/53`	3.9m	3.9m	3.5m	972,972	149,530	140,000	125,000	125,000	125,000	125,000	472,769	528,318	811,892	452,052	966,589	1.2m	1.3m	941,031	2.4m
Cash at bank and in hand`54/58`	35,673	420,037	756,927	3.9m	4.6m	5.1m	5.7m	5.6m	5.5m	298,200	222,174	210,530	254,556	672,850	146,136	210,694	83,425	270,331	46,278
Deferred charges and accrued income`490/1`	20,736	24,358	14,736	11,504	8,332	6,785	5,534	4,232	3,063	35,590	62,823	49,306	85,628	49,221	24,357	2,241	1,530	6,209	3,522
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	6.2m	6.1m	5.9m	6.1m	6.1m	6.3m	6.5m	6.4m	6.5m	2.0m	3.0m	2.8m	2.9m	2.9m	2.7m	2.4m	2.4m	2.3m	3.1m
Equity`10/15`	5.7m	5.6m	5.3m	5.4m	5.4m	5.5m	5.5m	5.2m	5.2m	98,221	591,225	495,792	419,474	368,765	258,377	496,049	585,897	420,184	818,581
Contributions`10/11`	176,306	176,306	176,306	176,306	176,306	176,306	176,306	176,306	176,306	-	812,200	812,200	812,200	812,200	812,200	812,200	812,200	812,200	812,200
Capital`10`	-	-	-	-	-	-	-	-	-	176,306	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	-	-	-	176,306	176,306	176,306	176,306	812,200	812,200	812,200	812,200	812,200	812,200	812,200	812,200	812,200
Contributions outside capital`11`	-	-	-	-	176,306	176,306	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	-	-	-	-	176,306	176,306	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	5.5m	5.4m	5.1m	5.2m	5.2m	5.3m	5.3m	5.0m	5.0m	284	1,308	1,308	1,258	1,209	1,161	1,115	1,069	1,069	6,000
Non-distributable reserves`130/1`	317,483	317,483	317,483	317,483	317,483	317,483	299,852	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	17,631	17,631	17,631	17,631	232	1,069	1,069	1,069	1,069	1,069	1,069	1,069	1,069	1,069
Reserves not available under the articles`1311`	317,483	317,483	317,483	317,483	317,483	299,852	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	-	-	299,852	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	376	311	240	173	115	52	52	52	52	52	239	239	189	140	92	46	-	-	-
Distributable reserves`133`	5.2m	5.1m	4.8m	4.9m	4.9m	5.0m	5.0m	5.0m	5.0m	-	-	-	-	-	-	-	-	-	4,931
Profit (loss) carried forward`14`	-	-	-	-	-	-	402	402	900	-78,369	-222,283	-317,717	-393,984	-444,644	-554,984	-317,266	-227,372	-393,085	381
Amounts payable`17/49`	487,053	518,632	601,595	678,169	734,845	821,069	981,841	1.1m	1.3m	1.9m	2.4m	2.3m	2.4m	2.5m	2.5m	1.9m	1.8m	1.9m	2.3m
Amounts payable after more than one year`17`	98,502	154,605	208,081	259,053	307,638	353,950	398,094	440,172	480,282	735,996	864,426	837,614	884,973	930,369	973,499	964,531	953,155	987,859	723,155
Financial debts`170/4`	98,502	154,605	208,081	259,053	307,638	353,950	398,094	440,172	480,282	735,996	864,426	837,614	884,973	930,369	973,499	964,531	953,155	987,859	723,155
Amounts payable within one year`42/48`	290,373	282,797	322,415	357,340	377,393	431,543	563,506	681,003	664,482	1.2m	1.5m	1.5m	1.5m	1.6m	1.4m	897,565	840,229	880,110	1.6m
Current portion of amounts payable after more than one year`42`	56,103	53,476	50,972	48,586	46,312	44,144	42,078	40,110	38,233	51,996	68,189	47,359	45,199	43,130	41,086	38,570	34,704	33,132	14,278
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	231	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	231	-	-	-	-	-	-	-	-
Trade debts`44`	11,003	574	4,912	10,203	5,223	-	6,465	623	41,000	32,961	10,285	7,662	3,974	10,490	51,305	14,333	5,352	42,792	27,240
Suppliers`440/4`	11,003	574	4,912	10,203	5,223	-	6,465	623	41,000	32,961	10,285	7,662	3,974	10,490	51,305	14,333	5,352	42,792	27,240
Taxes, remuneration and social security`45`	126	276	136	502	269	30,282	31,594	1,314	1,250	3,250	2,000	4,012	6,056	625	3,184	1,250	625	2,533	2,183
Taxes`450/3`	126	276	136	502	269	30,282	30,594	314	250	1,250	-	4,012	6,056	625	3,184	1,250	625	2,533	2,183
Remuneration and social security`454/9`	-	-	-	-	-	-	1,000	1,000	1,000	2,000	2,000	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	223,141	228,471	266,396	298,049	325,590	357,117	483,368	638,956	584,000	1.1m	1.4m	1.4m	1.5m	1.5m	1.3m	843,412	799,547	801,653	1.5m
Accrued charges and deferred income`492/3`	98,178	81,230	71,099	61,777	49,813	35,576	20,241	5,237	153,211	1,788	-	-	580	1,192	69,999	42,252	40,194	60,089	7,076
Income statement
Non-recurring operating income`76A`	41,620	-	-	-	-	-	-	-	208,544	-	3,500	224	-	-	-	-	-	-	-
Gross operating margin`9900`	41,538	73,823	-13,224	-4,636	733	2,930	-13,793	-21,781	-41,564	23,769	80,481	79,524	68,473	46,468	11,760	-43,749	-13,025	170,321	129,807
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	31,076	27,798	25,706	31,461	30,781	30,746	29,796	30,649	27,521	54,696	69,204	45,148	46,953	52,612	53,650	47,841	42,544	72,899	83,370
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,250	-	-	5,250	-	-
Other operating charges`640/8`	3,362	3,486	3,373	2,109	3,265	3,343	2,985	3,383	7,875	4,056	5,588	4,020	3,986	11,150	5,917	4,416	7,763	3,314	734
Non-recurring operating charges`66A`	8,030	-	-	-	-	-	-	1,155	400	2,476	2,678	1,263	1,471	11,914	175	360	-	-	10,216
Operating profit (loss)`9901`	-929	42,539	-42,304	-38,206	-33,312	-31,159	-46,574	-56,968	-77,360	-37,459	5,689	30,356	17,534	-12,043	-47,806	-96,006	-68,582	94,108	45,704
Financial income`75/76B`	122,257	300,584	11,144	49,558	16,278	17,918	461,065	127,598	5.4m	71,335	138,133	99,383	78,232	185,577	105,951	90,775	94,530	86,900	12,322
Recurring financial income`75`	122,257	300,584	11,144	49,558	16,278	17,918	1,892	127,598	5.4m	71,335	138,133	99,383	78,232	185,577	105,951	90,775	94,530	86,900	12,322
Non-recurring financial income`76B`	-	-	-	-	-	-	459,173	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	33,749	28,159	36,451	38,954	40,043	37,899	84,545	30,063	237,040	44,983	49,210	52,383	43,587	51,231	295,641	84,257	-139,765	579,405	22,614
Recurring financial charges`65`	33,749	28,159	36,451	38,954	40,043	37,899	84,545	30,063	237,040	44,983	49,210	52,383	43,587	51,231	295,641	84,257	-139,765	579,405	22,614
Profit (loss) for the period before taxes`9903`	87,579	314,964	-67,611	-27,603	-57,077	-51,140	329,946	40,567	5.1m	-11,107	95,434	76,318	50,709	110,388	-237,672	-89,849	165,713	-398,397	25,196
Transfer to deferred taxes`680`	65	71	67	410	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	105	16,137	3,287	1,395	469	6,093	30,094	64	0	-	-	-	-	-	-	-	-	-	3,816
Profit (loss) for the period`9904`	87,410	298,755	-70,965	-29,408	-57,609	-57,232	299,852	40,502	5.1m	-11,107	95,434	76,318	50,709	110,388	-237,672	-89,849	165,713	-398,397	21,381
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	50	49	48	46	46	-	-	-
Profit (loss) for the period to be appropriated`9905`	87,410	298,755	-70,965	-29,408	-57,609	-57,232	299,852	40,502	5.1m	-11,107	95,434	76,268	50,659	110,340	-237,718	-89,894	165,713	-398,397	21,381
Appropriation of the result
Profit (loss) to be appropriated`9906`	5.2m	5.1m	-70,965	-29,408	-57,609	-56,830	300,254	41,402	5.0m	-78,369	-222,283	-317,717	-393,984	-444,644	-554,984	-317,266	-227,372	-398,016	21,381
Profit (loss) brought forward from the previous period`14P`	5.1m	4.8m	-	-	-	-	-	-	-	-67,262	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	0	70,965	29,408	57,609	56,830	-	-	-	-	-	-	-	-	-	-	-	4,931	-
Transfer to equity`691/2`	5.2m	5.1m	-	-	-	-	299,852	41,000	5.0m	-	-	-	-	-	-	-	-	-	6,000
To the legal reserve`6920`	5.2m	5.1m	-	-	-	-	-	-	17,399	-	-	-	-	-	-	-	-	-	1,069
To other reserves`6921`	-	-	-	-	-	-	299,852	41,000	5.0m	-	-	-	-	-	-	-	-	-	4,931
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	05-10-2026	2026-00549281	PDF
31-12-2024	micro format	29-08-2025	2025-00460285	PDF
31-12-2023	micro format	29-08-2024	2024-00394907	PDF
31-12-2022	micro format	30-08-2023	2023-00376364	PDF
31-12-2021	micro format	17-11-2022	2022-20524215	PDF
31-12-2020	micro format	30-09-2021	2021-70800383	PDF
31-12-2019	micro format	22-09-2020	2020-54800361	PDF
31-12-2018	micro format	26-08-2019	2019-50600079	PDF
31-12-2017	micro format	28-08-2018	2018-52500476	PDF
31-12-2016	micro format	30-08-2017	2017-55300451	PDF
31-12-2015	abbreviated format	26-07-2016	2016-35700509	PDF
31-12-2014	abbreviated format	27-08-2015	2015-51100384	PDF
31-12-2013	abbreviated format	11-07-2014	2014-29400116	PDF
31-12-2012	abbreviated format	22-07-2013	2013-35400559	PDF
31-12-2011	abbreviated format	31-08-2012	2012-51400522	PDF
31-12-2010	abbreviated format	31-08-2011	2011-52800204	PDF
31-12-2009	abbreviated format	22-10-2010	2010-58500599	PDF
31-12-2008	abbreviated format	28-08-2009	2009-70200387	PDF
31-12-2007	abbreviated format	26-08-2008	2008-62600231	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	30,146	70,337	-16,597	-6,745	-2,532	-413	-16,778	-26,319	-49,839	17,237	74,892	75,504	64,487	40,568	5,843	-48,165	-26,038	167,007	129,074
Cash flow	118,485	326,553	-45,258	2,053	-26,828	-26,487	329,648	71,152	5.1m	43,589	164,637	121,466	97,662	163,000	-184,022	-42,008	208,258	-325,498	104,750
Investment in fixed assets (approximation)	449,030	142,552	366,597	479,167	287,724	455,647	-1	37,689	-291,456	8,770	88,373	1,887	6,522	29,553	96,198	67,505	17,609	455,326	718,316
Change in cash	-384,364	-336,890	-3.2m	-659,641	-559,482	-566,784	128,138	65,313	5.2m	76,026	11,645	-44,026	-418,294	526,714	-64,558	127,269	-186,906	224,054	-
Working capital	3.9m	4.3m	4.2m	4.6m	4.6m	4.9m	5.4m	5.1m	5.3m	-29,827	500,007	396,172	324,084	278,952	257,442	500,946	597,026	460,975	924,081
Solvency	92.1%	91.5%	89.8%	88.8%	88.0%	86.9%	84.9%	82.3%	80.0%	4.8%	19.8%	17.4%	14.7%	12.8%	9.5%	20.7%	24.2%	17.9%	26.1%
Current ratio	14.60	16.27	13.96	13.96	13.07	12.36	10.62	8.51	8.93	0.98	1.33	1.26	1.21	1.18	1.18	1.56	1.71	1.52	1.58
Debt to equity	0.09	0.09	0.11	0.13	0.14	0.15	0.18	0.22	0.25	19.79	4.05	4.73	5.80	6.81	9.55	3.84	3.13	4.59	2.83
ROE	1.5%	5.3%	-1.3%	-0.5%	-1.1%	-1.0%	5.4%	0.8%	98.1%	-11.3%	16.1%	15.4%	12.1%	29.9%	-92.0%	-18.1%	28.3%	-94.8%	2.6%
ROA	1.4%	4.9%	-1.2%	-0.5%	-0.9%	-0.9%	4.6%	0.6%	78.5%	-0.5%	3.2%	2.7%	1.8%	3.8%	-8.7%	-3.7%	6.8%	-17.0%	0.7%
Interest coverage	0.89	2.50	-0.46	-0.17	-0.06	-	-	-	-	0.38	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€550,000	€550,000	€550,000	€550,000	-
Carrying value of the mortgaged assets	€458,541	€458,541	€458,541	€458,541	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€179,196	€31,059	€18,722	€19,917	€2,338
Financial fixed assets	€269,834	€111,493	€347,875	€459,250	€285,386
Depreciation and write-downs of the year	€31,076	€27,798	€25,706	€31,461	€30,781

VEDA

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VEDA

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