VEX DATA
InactiveFinancials · financial year 2025, micro format
Turnover
≈ €260,000
Estimated: probably between €180,000 and €410,000
Total assets
€243,654▲ 39.3%
2024 · €174,913
Net result
€79,298▼ 4.1%
2024 · €82,707
Working capital
€200,367▲ 66.5%
2024 · €120,321
Trend over the years
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 5% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€104,118
2025
Net result€79,298
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€243,654
2025
Equity€201,203
2025
Debt€42,451
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€200,367
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€54,217-€110,004▲ 103%€104,118▼ 5.4%
Net result€43,117-€82,707▲ 91.8%€79,298▼ 4.1%
Equity€43,118-€121,905▲ 183%€201,203▲ 65.0%
Total assets€61,728-€174,913▲ 183%€243,654▲ 39.3%
Debt€18,611-€53,007▲ 185%€42,451▼ 19.9%
Working capital€41,203-€120,321▲ 192%€200,367▲ 66.5%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,654
Fixed assets
€837 ▼ 47.2%
Current assets
€242,818 ▲ 40.1%
Equity and liabilities €243,654
Equity
€201,203 ▲ 65.0%
Debt
€42,451 ▼ 19.9%
Debt's share of the balance-sheet total falls from 30.3% to 17.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,865▼
2024 · €110,637
Cash flow
€80,045▼
2024 · €83,341
Current ratio
5.72▲
2024 · 3.27
Debt to equity
0.21▼
2024 · 0.43
ROE
39.4%▼
2024 · 67.8%
ROA
32.5%▼
2024 · 47.3%
Interest coverage
over 100
Debt ≤ 1 year
€42,451▼
2024 · €53,007
Income taxes
€30,413▼
2024 · €32,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25 | €633 | €747 | ▲ 18.0% |
| Other operating charges640/8 | €500 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €54,742 | €111,024 | €105,265 | ▼ 5.2% |
| Operating profit (loss)9901 | €54,217 | €110,004 | €104,118 | ▼ 5.4% |
| Financial income75/76B | €216 | €4,750 | €5,887 | ▲ 23.9% |
| Recurring financial income75 | €216 | €4,750 | €5,887 | ▲ 23.9% |
| Financial charges65/66B | €57 | - | €294 | - |
| Recurring financial charges65 | €57 | - | €294 | - |
| Profit (loss) for the period before taxes9903 | €54,376 | €114,754 | €109,711 | ▼ 4.4% |
| Income taxes67/77 | €11,259 | €32,046 | €30,413 | ▼ 5.1% |
| Profit (loss) for the period9904 | €43,117 | €82,707 | €79,298 | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €43,117 | €82,707 | €79,298 | ▼ 4.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61,728 | €174,913 | €243,654 | ▲ 39.3% |
| Fixed assets21/28 | €1,915 | €1,584 | €837 | ▼ 47.2% |
| Tangible fixed assets22/27 | €1,130 | €1,584 | €837 | ▼ 47.2% |
| Furniture and vehicles24 | €1,130 | €1,584 | €837 | ▼ 47.2% |
| Financial fixed assets28 | €785 | - | - | - |
| Current assets29/58 | €59,813 | €173,328 | €242,818 | ▲ 40.1% |
| Amounts receivable within one year40/41 | €21,085 | €89,264 | €216,548 | ▲ 143% |
| Trade receivables40 | €3,630 | €8,550 | €71,239 | ▲ 733% |
| Other amounts receivable41 | €17,455 | €80,714 | €145,310 | ▲ 80.0% |
| Cash at bank and in hand54/58 | €38,728 | €84,064 | €26,270 | ▼ 68.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61,728 | €174,913 | €243,654 | ▲ 39.3% |
| Equity10/15 | €43,118 | €121,905 | €201,203 | ▲ 65.0% |
| Contributions10/11 | €1 | €1 | €1 | = |
| Reserves13 | - | €121,904 | €201,202 | ▲ 65.0% |
| Distributable reserves133 | - | €121,904 | €201,202 | ▲ 65.0% |
| Profit (loss) carried forward14 | €43,117 | - | - | - |
| Amounts payable17/49 | €18,611 | €53,007 | €42,451 | ▼ 19.9% |
| Amounts payable within one year42/48 | €18,611 | €53,007 | €42,451 | ▼ 19.9% |
| Trade debts44 | €518 | €374 | - | - |
| Suppliers440/4 | €518 | €374 | - | - |
| Taxes, remuneration and social security45 | €18,092 | €52,633 | €42,451 | ▼ 19.3% |
| Taxes450/3 | €18,092 | €52,633 | €42,451 | ▼ 19.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,117 | €82,707 | €79,298 | ▼ 4.1% |
| + Depreciation and write-downs630 | €25 | €633 | €747 | ▲ 18.0% |
| Operating cash flow (approximation) | €43,142 | €83,341 | €80,045 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | -€303 | €0 | - |
| Change in cash | - | €45,336 | -€57,794 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-03-2026 | 2026-00059243 |
| 31-12-2024 | micro format | 11-11-2025 | 2025-00565005 |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00478453 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.