Financials · financial year 2025, full format, standalone accounts, 2025 accounts filed
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00496083.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 7 filings
The accounts were filed in a sector format.
2022 to 2025, 4 financial years
The operating result for 2025 is 4% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 8 | 8 | 8 |
| full-time | 5 | 5 | 5 | 5 |
| part-time | 3 | 3 | 3 | 3 |
| in full-time equivalents | 7.5 | 7.5 | 7.5 | 7.5 |
| Average over the year, in full-time equivalents | 7.5 | 7.5 | 7.5 | 7.5 |
| On a permanent contract | 8 | 8 | 8 | 8 |
| Joined | 0 | - | - | - |
| Left | 1 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €1.2m | €787,175 | €448,842 | €201,029 |
| Mortgages, amount registered | €1.7m | €1.7m | €1.7m | €1.7m |
| Carrying value of the mortgaged assets | €784,677 | €745,685 | €706,694 | €667,703 |
| Carrying value of the other pledged assets | €2.4m | €2.4m | €2.5m | €2.5m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1.5m | €24,666 | €229,966 | €54,577 |
| Financial fixed assets | €2.5m | - | - | - |
| Depreciation and write-downs of the year | €56,761 | €59,770 | €78,003 | €107,845 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is Bedrijfsrevisor Bart Bosman.
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Fee for the audit | €2,900 | €2,900 | €2,900 | €2,750 |
| Other work by the auditor | - | €750 | €750 | - |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Comparable companies
These companies have the same main activity as VEMOD: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €17m and €28m, founded between 2019 and 2022.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| VEMOD Kortrijk | 2022 | €15.7m | €11.8m | €5.6m | €2.9m | 7.5 | 2025 |
| Luminus Services Sud Herstal | 2021 | €21.3m | €2.1m | €4.9m | €1.9m | 9.3 | 2025 |
| FORESCO GROUP Genk | 2019 | €18.7m | €6.7m | €8.1m | €7.2m | 8 | 2025 |
| Mago Holding Hoogstraten | 2019 | €21.2m | €14.1m | €6.7m | €0.007m | 5.4 | 2025 |
| Springbok Group Mechelen | 2020 | €26.5m | €20.8m | €3.8m | €0.02m | 6.9 | 2025 |
| PRODECO Sint-Niklaas | 2022 | €17.0m | €4.6m | €3.0m | €1.6m | 4.5 | 2025 |
| 62MILES Antwerpen | 2019 | €28.5m | €18.0m | €5.9m | €0.9m | 8.8 | 2025 |
They were chosen from the 20,095 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €6.5m | €7.9m | €5.3m | €5.7m | ▲ 8.5% |
| Turnover70 | €6.4m | €7.8m | €5.2m | €5.6m | ▲ 8.9% |
| Other operating income74 | €0.1m | €0.09m | €0.1m | €0.09m | ▼ 10.9% |
| Operating charges60/66A | €1.8m | €1.9m | €1.7m | €2.0m | ▲ 17.6% |
| Services and other goods61 | €1.1m | €1.1m | €0.9m | €1.1m | ▲ 27.9% |
| Remuneration, social security and pensions62 | €0.6m | €0.7m | €0.7m | €0.7m | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.06m | €0.08m | €0.1m | ▲ 38.3% |
| Other operating charges640/8 | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 37.6% |
| Operating profit (loss)9901 | €4.8m | €6.1m | €3.6m | €3.7m | ▲ 4.3% |
| Financial income75/76B | €0.02m | €0.05m | €0.1m | €0.2m | ▲ 41.8% |
| Recurring financial income75 | €0.02m | €0.05m | €0.1m | €0.2m | ▲ 41.8% |
| Income from current assets751 | €0.02m | €0.05m | €0.1m | €0.2m | ▲ 41.7% |
| Other financial income752/9 | €64 | €201 | €0 | €65 | - |
| Financial charges65/66B | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 4.2% |
| Recurring financial charges65 | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 4.2% |
| Debt charges650 | €0.08m | €0.1m | €0.1m | €0.2m | ▲ 60.4% |
| Other financial charges652/9 | €0.001m | €0.001m | €0.06m | €0.001m | ▼ 98.5% |
| Profit (loss) for the period before taxes9903 | €4.7m | €6.0m | €3.6m | €3.8m | ▲ 5.8% |
| Income taxes67/77 | €1.2m | €1.5m | €0.9m | €0.8m | ▼ 7.2% |
| Taxes670/3 | €1.2m | €1.5m | €0.9m | €0.8m | ▼ 7.2% |
| Profit (loss) for the period9904 | €3.5m | €4.5m | €2.6m | €2.9m | ▲ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €3.5m | €4.5m | €2.6m | €2.9m | ▲ 10.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €7.6m | €10.4m | €12.3m | €15.7m | ▲ 27.1% |
| Fixed assets21/28 | €3.3m | €3.3m | €3.4m | €3.4m | ▼ 1.6% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €1.0m | €0.9m | ▼ 5.5% |
| Furniture and vehicles24 | €146 | €481 | €0 | - | - |
| Leasing and similar rights25 | €0.06m | €0.06m | €0.3m | €0.2m | ▼ 5.6% |
| Other tangible fixed assets26 | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 5.5% |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Affiliated companies280/1 | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Participating interests280 | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Other financial fixed assets284/8 | - | €0.002m | €0.002m | €0.002m | = |
| Amounts receivable and cash guarantees285/8 | - | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €4.3m | €7.2m | €8.9m | €12.3m | ▲ 38.1% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €3.2m | €0.6m | €7.2m | €12.0m | ▲ 68.0% |
| Trade receivables40 | €3.2m | €0.2m | €2.9m | €2.0m | ▼ 32.4% |
| Other amounts receivable41 | €0.02m | €0.4m | €4.2m | €10.1m | ▲ 137% |
| Cash at bank and in hand54/58 | €1.0m | €6.5m | €1.7m | €0.2m | ▼ 85.6% |
| Deferred charges and accrued income490/1 | €0.002m | €0.004m | €0.004m | €0.005m | ▲ 4.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €7.6m | €10.4m | €12.3m | €15.7m | ▲ 27.1% |
| Equity10/15 | €3.8m | €7.5m | €9.3m | €11.8m | ▲ 27.0% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €3.7m | €7.4m | €9.3m | €11.8m | ▲ 27.1% |
| Distributable reserves133 | €3.7m | €7.4m | €9.3m | €11.8m | ▲ 27.1% |
| Amounts payable17/49 | €3.8m | €3.0m | €3.0m | €3.8m | ▲ 27.4% |
| Amounts payable after more than one year17 | €1.8m | €1.3m | €1.0m | €2.4m | ▲ 142% |
| Financial debts170/4 | €0.8m | €0.5m | €0.4m | €0.3m | ▼ 26.3% |
| Leasing and similar obligations172 | €0.04m | €0.04m | €0.2m | €0.2m | ▼ 11.0% |
| Credit institutions173 | €0.8m | €0.4m | €0.2m | €0.1m | ▼ 40.7% |
| Other amounts payable178/9 | €1.0m | €0.8m | €0.6m | €2.1m | ▲ 250% |
| Amounts payable within one year42/48 | €2.0m | €1.7m | €2.0m | €1.4m | ▼ 30.5% |
| Current portion of amounts payable after more than one year42 | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 49.8% |
| Financial debts43 | - | €0.8m | €0.4m | €0 | ▼ 100% |
| Credit institutions430/8 | - | €0.8m | €0.4m | €0 | ▼ 100% |
| Trade debts44 | €0.2m | €0.08m | €0.1m | €0.1m | ▼ 14.6% |
| Suppliers440/4 | €0.2m | €0.08m | €0.1m | €0.1m | ▼ 14.6% |
| Taxes, remuneration and social security45 | €0.1m | €0.3m | €0.1m | €0.2m | ▲ 9.6% |
| Taxes450/3 | €0.03m | €0.2m | €0.02m | €0.03m | ▲ 52.1% |
| Remuneration and social security454/9 | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.9% |
| Other amounts payable47/48 | €1.2m | €0.2m | €1.0m | €1.0m | ▼ 3.0% |
| Accrued charges and deferred income492/3 | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 4.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.5m | €4.5m | €2.6m | €2.9m | ▲ 10.3% |
| + Depreciation and write-downs630 | €0.06m | €0.06m | €0.08m | €0.1m | ▲ 38.3% |
| Operating cash flow (approximation) | €3.6m | €4.6m | €2.7m | €3.0m | ▲ 11.1% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.2m | -€0.05m | ▲ 76.3% |
| Change in cash | - | €5.5m | -€4.8m | -€1.5m | ▲ 69.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | unclassified schema | 28-08-2026 | 2026-00496083 | NBB |
| 30-09-2025 | full format | 26-03-2026 | 2026-00068869 | |
| 31-12-2024 | consolidated | 21-10-2025 | 2025-00548316 | |
| 30-09-2024 | full format | 10-02-2025 | 2025-00033072 | |
| 31-12-2023 | consolidated | 29-08-2024 | 2024-00436884 | |
| 30-09-2023 | full format | 16-02-2024 | 2024-00031652 | |
| 30-09-2022 | full format | 27-03-2023 | 2023-00049446 |