Equity
Equity fell below zero in 2019.
Equity fell below zero in 2019.
Of this, €205,971 falls due within a year.
Eight of the last ten came late. The 2022 accounts came latest: 22 days after the end of the period.
Equity fell from €185,635 in 2014 to -€83,534 in 2022.
On 3 May 2023 the court declared VEMAC bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €67,000 and €230,000.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
374,643 | 473,799 | 772,096 | 841,705 | 885,506 | 1.0m | 1.0m | 1.1m | 1.2m | 1.2m | 763,081 | 729,795 | 640,269 | |
21/28 |
209,592 | 326,963 | 363,752 | 400,241 | 449,873 | 501,665 | 444,094 | 488,042 | 554,181 | 603,547 | 257,542 | 303,751 | 300,910 | |
21 |
- | - | - | - | 11,966 | 27,922 | 43,877 | 59,833 | 75,788 | 91,743 | 107,699 | 123,654 | 139,610 | |
22/27 |
209,592 | 326,963 | 363,752 | 400,241 | 437,907 | 473,104 | 399,577 | 427,570 | 477,841 | 508,391 | 146,401 | 176,656 | 157,956 | |
22 |
209,592 | 326,963 | 348,412 | 369,862 | 391,311 | 410,643 | 323,840 | 342,880 | 361,920 | 380,960 | - | - | - | |
23 |
- | - | 11,854 | 20,131 | 28,749 | 36,705 | 47,275 | 55,632 | 80,706 | 100,941 | 120,367 | 148,609 | 157,699 | |
24 |
- | - | 1,323 | 4,198 | 7,870 | 11,623 | 10,174 | 5,581 | 11,530 | 543 | 374 | 486 | 257 | |
26 |
- | - | 2,162 | 6,051 | 9,978 | 14,133 | 18,288 | 23,477 | 23,685 | 25,947 | 25,661 | 27,561 | - | |
28 |
- | - | - | - | - | 640 | 640 | 640 | 552 | 3,412 | 3,442 | 3,442 | 3,344 | |
29/58 |
165,050 | 146,836 | 408,344 | 441,464 | 435,632 | 541,085 | 558,318 | 606,076 | 617,348 | 579,607 | 505,540 | 426,044 | 339,359 | |
29 |
700 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
700 | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | 236,184 | 254,869 | 269,300 | 276,412 | 246,161 | 232,741 | 224,954 | 195,318 | 192,813 | 198,284 | 194,219 | |
30/36 |
- | - | 236,184 | 254,869 | 269,300 | 276,412 | 246,161 | 232,741 | 224,954 | 195,318 | 192,813 | 198,284 | 194,219 | |
40/41 |
79,857 | 80,422 | 111,268 | 135,888 | 121,274 | 203,135 | 194,930 | 237,923 | 242,760 | 224,724 | 188,812 | 121,276 | 79,639 | |
40 |
1,119 | 11,402 | 64,862 | 81,396 | 73,644 | 159,559 | 166,940 | 229,861 | 236,412 | 219,575 | 186,637 | 115,985 | 75,754 | |
41 |
78,738 | 69,020 | 46,406 | 54,492 | 47,630 | 43,576 | 27,990 | 8,062 | 6,348 | 5,149 | 2,175 | 5,291 | 3,885 | |
50/53 |
- | 3,627 | 727 | 463 | 463 | 463 | 30,438 | 30,381 | 30,256 | 30,045 | 29,705 | 29,275 | 15,038 | |
54/58 |
34,493 | 12,787 | 52,879 | 40,144 | 37,641 | 54,304 | 79,673 | 97,574 | 111,234 | 121,398 | 80,714 | 69,314 | 38,090 | |
490/1 |
50,000 | 50,000 | 7,287 | 10,099 | 6,954 | 6,771 | 7,116 | 7,458 | 8,143 | 8,122 | 13,496 | 7,895 | 12,373 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
374,643 | 473,799 | 772,096 | 841,705 | 885,506 | 1.0m | 1.0m | 1.1m | 1.2m | 1.2m | 763,081 | 729,795 | 640,269 | |
10/15 |
-83,534 | -83,502 | -68,814 | -75,080 | 15,927 | 118,314 | 118,189 | 154,408 | 185,635 | 121,885 | 142,298 | 126,157 | 81,485 | |
10/11 |
65,000 | 65,000 | - | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | |
100 |
- | - | - | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | 65,000 | |
11 |
- | - | 65,000 | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | 65,000 | - | - | - | - | - | - | - | - | - | - | |
13 |
120,635 | 120,635 | 120,635 | 120,635 | 120,635 | 120,635 | 120,635 | 120,635 | 120,635 | 77,298 | 77,298 | 61,157 | 16,485 | |
130/1 |
6,500 | 6,500 | 6,500 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
1311 |
6,500 | 6,500 | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | 6,500 | - | - | - | - | - | - | - | - | - | - | |
133 |
114,135 | 114,135 | 114,135 | 114,135 | 114,135 | 114,135 | 114,135 | 114,135 | 114,135 | 70,798 | 70,798 | 54,657 | 9,985 | |
14 |
-269,169 | -269,137 | -254,449 | -260,715 | -169,708 | -67,321 | -67,446 | -31,227 | - | -20,413 | - | - | - | |
17/49 |
458,177 | 557,301 | 840,909 | 916,785 | 869,578 | 924,437 | 884,224 | 939,710 | 985,894 | 1.1m | 620,783 | 603,638 | 558,784 | |
17 |
252,205 | 337,160 | 605,412 | 613,433 | 643,658 | 683,165 | 640,920 | 644,857 | 684,104 | 738,669 | 374,137 | 459,454 | 421,619 | |
170/4 |
252,205 | 337,160 | 364,678 | 394,121 | 424,150 | 453,521 | 390,976 | 403,456 | 454,179 | 520,268 | 146,452 | 191,460 | 201,156 | |
175 |
- | - | 240,734 | 219,312 | 219,508 | 229,644 | 249,944 | 241,402 | 229,924 | 218,401 | 227,686 | 267,993 | 220,463 | |
42/48 |
205,971 | 220,141 | 235,370 | 301,248 | 225,921 | 241,271 | 243,304 | 294,678 | 301,790 | 319,745 | 245,903 | 144,184 | 137,165 | |
42 |
21,621 | 27,518 | 42,443 | 43,030 | 42,371 | 47,121 | 31,147 | 65,388 | 66,089 | 81,441 | 63,271 | 42,742 | 36,216 | |
43 |
- | - | 124 | 577 | 13 | 902 | - | - | - | - | - | - | - | |
430/8 |
- | - | 124 | 577 | 13 | 902 | - | - | - | - | - | - | - | |
44 |
182,183 | 191,761 | 107,434 | 169,592 | 95,639 | 98,467 | 120,063 | 75,708 | 59,673 | 86,650 | 79,833 | 63,972 | 62,765 | |
440/4 |
182,183 | 191,761 | 107,434 | 169,592 | 95,639 | 98,467 | 120,063 | 75,708 | 59,673 | 86,650 | 79,833 | 63,972 | 62,765 | |
46 |
- | - | - | - | - | - | - | 96 | 943 | 420 | - | - | - | |
45 |
377 | 862 | 37,285 | 46,167 | 52,974 | 58,079 | 33,906 | 34,743 | 56,312 | 35,497 | 22,917 | 34,971 | 25,684 | |
450/3 |
377 | 862 | 1,743 | 741 | 1,038 | 1,240 | 1,321 | 1,591 | 23,713 | 2,144 | 6,526 | 18,422 | 5,066 | |
454/9 |
- | - | 35,542 | 45,426 | 51,936 | 56,839 | 32,585 | 33,153 | 32,600 | 33,353 | 16,391 | 16,549 | 20,618 | |
47/48 |
1,790 | - | 48,085 | 41,882 | 34,923 | 36,702 | 58,188 | 118,743 | 118,773 | 115,737 | 79,882 | 2,500 | 12,500 | |
492/3 |
- | - | 127 | 2,104 | - | - | - | 175 | - | 2,854 | 743 | - | - | |
| Income statement | ||||||||||||||
76A |
16,677 | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
34,792 | 193,309 | 286,273 | 233,687 | 208,305 | 328,054 | 272,919 | 230,683 | 360,905 | 302,139 | 267,051 | 281,564 | 291,280 | |
62 |
- | 146,427 | 201,325 | 241,305 | 222,941 | 226,635 | 191,897 | 156,650 | 157,473 | 175,476 | 170,870 | 143,697 | 178,822 | |
630 |
19,048 | 22,772 | 36,490 | 49,912 | 56,777 | 72,647 | 77,708 | 75,752 | 75,352 | 113,112 | 49,247 | 49,094 | 57,715 | |
640/8 |
3,273 | 4,367 | 8,596 | 7,306 | 5,572 | 5,650 | 5,872 | 5,153 | 4,724 | 6,656 | 6,991 | 2,442 | 2,434 | |
66A |
- | 14,484 | - | - | - | - | - | - | - | - | - | 950 | - | |
9901 |
12,471 | 5,259 | 39,862 | -64,836 | -76,984 | 23,123 | -2,558 | -6,872 | 123,355 | 6,894 | 39,943 | 86,332 | 52,309 | |
75/76B |
- | 110 | 1,500 | 4,628 | 3,957 | 5,030 | 4,900 | 10,592 | 4,653 | 4,319 | 3,020 | 1,210 | 694 | |
75 |
- | 110 | 1,500 | 4,628 | 3,957 | 5,030 | 4,900 | 10,592 | 4,653 | 4,319 | 3,020 | 1,210 | 694 | |
65/66B |
12,286 | 20,058 | 34,851 | 30,493 | 28,759 | 27,677 | 38,373 | 34,835 | 41,905 | 31,610 | 22,096 | 20,943 | 31,431 | |
65 |
12,286 | 20,058 | 34,851 | 30,493 | 28,759 | 27,677 | 38,373 | 34,835 | 41,905 | 31,610 | 22,096 | 20,943 | 31,431 | |
9903 |
185 | -14,688 | 6,511 | -90,702 | -101,787 | 476 | -36,032 | -31,116 | 86,104 | -20,397 | 20,866 | 65,648 | 21,573 | |
67/77 |
217 | - | 245 | 305 | 600 | 351 | 187 | 111 | 22,353 | 16 | 4,725 | 18,477 | 5,087 | |
9904 |
-32 | -14,688 | 6,266 | -91,007 | -102,387 | 125 | -36,219 | -31,227 | 63,750 | -20,413 | 16,141 | 47,172 | 16,485 | |
9905 |
-32 | -14,688 | 6,266 | -91,007 | -102,387 | 125 | -36,219 | -31,227 | 63,750 | -20,413 | 16,141 | 47,172 | 16,485 | |
| Appropriation of the result | ||||||||||||||
9906 |
-269,169 | -269,137 | -254,449 | -260,715 | -169,708 | -67,321 | -67,446 | -31,227 | 43,337 | -20,413 | 16,141 | 47,172 | 16,485 | |
14P |
-269,137 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 43,337 | - | 16,141 | 44,672 | 16,485 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,500 | |
6921 |
- | - | - | - | - | - | - | - | 43,337 | - | 16,141 | 44,672 | 9,985 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 2,500 | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | 2,500 | - | |
| Social balance sheet | ||||||||||||||
9087 |
- | 7 | 7 | 9.5 | 9.8 | 8 | 8.4 | 7.7 | 7.1 | 6.7 | 7 | 7.2 | 6.5 | |
Hours worked1013 |
- | 11,645 | 11,645 | 13,275 | 15,042 | 4,496 | 12,921 | 10,091 | 10,813 | 10,734 | 11,101 | 10,827 | 13,682 | |
| Document | ||||||||||||||
The notes to these accounts have 9 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 2022 (PDF), filed on 22-11-2022.
2022 annual accounts filed 22 days after the deadline. Filed on 22 November 2022, deadline 31 October 2022 (7 months after the close on 31 March 2022, Companies Code art. 3:10). Source: NBB, 2022-20524260.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2022 | abbreviated format | 22-11-2022 | 2022-20524260 | |
| 31-03-2021 | abbreviated format | 02-11-2021 | 2021-75800526 | |
| 31-03-2020 | abbreviated format | 30-10-2020 | 2020-65600194 | |
| 31-03-2019 | abbreviated format | 20-11-2019 | 2019-74400096 | |
| 31-03-2018 | abbreviated format | 07-11-2018 | 2018-71800358 | |
| 31-03-2017 | abbreviated format | 20-11-2017 | 2017-70000021 | |
| 31-03-2016 | abbreviated format | 08-11-2016 | 2016-67600280 | |
| 31-03-2015 | abbreviated format | 26-08-2015 | 2015-51000559 | |
| 31-03-2014 | abbreviated format | 05-11-2014 | 2014-66900133 | |
| 31-03-2013 | abbreviated format | 20-11-2013 | 2013-66300566 | |
| 31-03-2012 | abbreviated format | 07-11-2012 | 2012-63400407 | |
| 31-03-2011 | abbreviated format | 26-09-2011 | 2011-55500405 | |
| 31-03-2010 | abbreviated format | 28-09-2010 | 2010-56000511 |
| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31,519 | 28,031 | 76,352 | -14,924 | -20,207 | 95,770 | 75,150 | 68,880 | 198,708 | 120,006 | 89,190 | 135,425 | 110,024 | ||
| 19,016 | 8,083 | 42,756 | -41,095 | -45,610 | 72,772 | 41,489 | 44,525 | 139,102 | 92,699 | 65,388 | 96,265 | 74,201 | ||
| -98,323 | -14,017 | 0 | 1,550 | 5,916 | 131,559 | 58,980 | 43,332 | 29,177 | 461,295 | 7,399 | 51,975 | 354,473 | ||
| 21,706 | -40,092 | 12,734 | 2,503 | -16,663 | -25,369 | -17,901 | -13,660 | -10,164 | 40,684 | 11,400 | 31,224 | - | ||
| -40,921 | -73,305 | 172,974 | 140,216 | 209,712 | 299,814 | 315,015 | 311,398 | 315,557 | 259,861 | 259,637 | 281,860 | 202,194 | ||
| -22.3% | -17.6% | -8.9% | -8.9% | 1.8% | 11.3% | 11.8% | 14.1% | 15.8% | 10.3% | 18.6% | 17.3% | 12.7% | ||
| 0.80 | 0.67 | 1.73 | 1.47 | 1.93 | 2.24 | 2.29 | 2.06 | 2.05 | 1.81 | 2.06 | 2.95 | 2.47 | ||
| 0.80 | 0.67 | 0.73 | 0.62 | 0.74 | 1.10 | 1.28 | 1.27 | 1.30 | 1.20 | 1.27 | 1.58 | 1.06 | ||
| - | - | - | - | 54.60 | 7.81 | 7.48 | 6.09 | 5.31 | 8.71 | 4.36 | 4.78 | 6.86 | ||
| - | - | - | - | -642.8% | 0.1% | -30.6% | -20.2% | 34.3% | -16.7% | 11.3% | 37.4% | 20.2% | ||
| 0.0% | -3.1% | 0.8% | -10.8% | -11.6% | 0.0% | -3.6% | -2.9% | 5.4% | -1.7% | 2.1% | 6.5% | 2.6% | ||
| 2.57 | - | - | - | - | - | - | - | - | - | - | - | - |
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.
The operating result for 2022 is 137% higher than in 2021. It is a recovery after the fall in 2021.
Equity is negative. Debt (€458,177) exceeds the balance-sheet total (€374,643).
VEMAC has no parent and no holdings in its annual accounts. VEMAC shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
VEMAC is no longer in the KBO register.
If something looks wrong or is missing, please tell us.