VICABEL

Active Public limited companyfounded 2000active for 26 yearsBeerbosstraat 11, 8554 ZwevegemKBO/BCE: BE 0469.456.244

VICABEL

Financial year 2025

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Annual accounts 2025

full format, filed on 31-10-2025, on the day of the deadline

-€104,054

▼ €130,395

-€376,960

▲ €14,992

-€382,795

▲ €34,764

-€4.5m

▼ €726,034

7.0%

▼ 7.2 percentage points

0.12

▼ 0.02

Turnover: not included in this filing.

Balance sheet

balance sheet total €5.9m on 31-03-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

7.0%

Higher than 12% of 3,873 companies in 2025.

0.12

Higher than 9% of 3,727 companies in 2025.

-6.5%

Higher than 9% of 3,849 companies in 2025.

VICABEL Middle half of the sector 80% of the sector Full accounts in head offices and management consultancy (NACE 70)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	5.9m	5.6m	3.1m	3.2m	2.6m	2.4m	2.3m	1.8m	1.8m	1.4m	1.4m	1.2m	1.1m	1.1m	1.2m	1.3m	1.3m	1.3m
`21/28`	5.3m	5.0m	2.2m	2.1m	2.0m	2.1m	1.7m	1.4m	1.6m	1.3m	1.2m	935,590	1.0m	961,833	1.0m	1.1m	1.2m	1.2m
`22/27`	5.2m	5.0m	2.1m	2.1m	2.0m	2.1m	1.7m	1.3m	1.5m	1.2m	1.2m	920,096	999,062	961,833	1.0m	1.1m	1.2m	1.2m
`22`	5.0m	4.7m	2.0m	2.0m	2.0m	2.1m	1.7m	1.3m	1.5m	1.2m	1.2m	911,394	977,093	924,885	953,808	1.0m	1.1m	1.1m
`23`	119,554	145,970	0	230	854	1,783	3,944	5,862	6,734	6,283	1,603	2,471	3,538	798	16,866	34,351	53,311	76,695
`24`	114,920	156,602	189,016	110,638	3,719	-	2,160	11,163	20,756	37,916	4,476	6,231	18,432	36,150	53,632	71,509	19,128	2,129
`28`	15,494	15,494	15,494	15,494	15,494	15,494	15,894	15,494	15,494	15,494	15,494	15,494	15,494	-	-	-	-	-
`29/58`	589,887	582,724	909,994	1.1m	583,062	278,177	567,729	386,194	287,915	184,066	197,219	222,785	129,881	171,897	157,118	158,008	150,978	69,525
`29`	201,415	201,415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`291`	201,415	201,415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	188,820	241,060	377,399	401,457	266,995	239,026	249,084	209,039	231,003	137,983	163,002	105,640	124,832	95,349	123,781	138,674	118,363	63,397
`40`	85,274	72,236	175,256	256,965	80,978	78,651	100,133	75,887	76,473	75,185	76,620	25,871	49,595	74,901	105,021	40,991	36,436	39,239
`41`	103,547	168,824	202,143	144,493	186,016	160,375	148,951	133,152	154,530	62,798	86,382	79,769	75,238	20,448	18,760	97,683	81,927	24,158
`54/58`	175,093	116,123	514,156	642,083	298,902	22,933	309,458	170,222	54,895	38,585	31,603	114,664	844	74,712	33,337	19,334	14,919	3,769
`490/1`	24,559	24,126	18,439	16,242	17,165	16,218	9,187	6,934	2,017	7,499	2,614	2,481	4,205	1,836	-	-	17,696	2,359
Balance sheet: equity and liabilities
`10/49`	5.9m	5.6m	3.1m	3.2m	2.6m	2.4m	2.3m	1.8m	1.8m	1.4m	1.4m	1.2m	1.1m	1.1m	1.2m	1.3m	1.3m	1.3m
`10/15`	409,439	792,234	1.2m	919,784	600,899	362,153	195,287	167,543	180,928	229,373	215,520	162,444	135,985	126,980	29,054	107,107	122,669	70,698
`10/11`	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000
`10`	130,000	130,000	130,000	130,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000	130,000
`13`	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	3,341	2,891	2,891	2,891	2,891	292
`130/1`	13,000	13,000	13,000	13,000	13,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	13,000	3,341	2,891	2,891	2,891	2,891	292
`14`	266,439	649,234	1.1m	776,784	457,899	219,153	52,287	24,543	37,928	86,373	72,520	19,444	2,644	-5,911	-103,837	-25,784	-10,222	-59,594
`16`	-	0	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	148,737	168,450	118,249	94,464	75,344
`160/5`	-	0	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	140,589	148,737	168,450	118,249	94,464	75,344
`160`	-	0	140,589	140,589	140,589	140,589	140,589	-	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	-	140,589	140,589	-	-	-	-	-	-	-	-	-
`17/49`	5.4m	4.8m	1.7m	2.1m	1.8m	1.9m	1.9m	1.4m	1.5m	1.1m	1.1m	855,342	867,863	858,014	983,920	1.1m	1.1m	1.1m
`17`	400,022	485,149	568,954	744,387	847,948	949,930	937,236	841,070	927,140	535,194	545,220	374,039	404,934	452,218	502,763	552,302	600,886	648,566
`170/4`	400,022	485,149	568,954	744,387	847,948	949,930	937,236	841,070	927,140	535,194	545,220	374,039	404,934	452,218	502,763	552,302	600,886	648,566
`42/48`	5.0m	4.3m	1.2m	1.3m	973,954	882,054	980,265	581,571	559,687	510,816	502,588	466,179	445,921	390,016	461,895	498,777	479,136	491,021
`42`	90,397	89,075	82,495	103,561	101,982	100,490	93,358	87,703	85,292	51,866	38,819	32,304	47,285	50,545	49,539	48,584	47,679	45,533
`43`	-	-	-	-	-	-	-	-	-	6,707	-	-	-	-	125,000	175,000	186,887	233,494
`430/8`	-	-	-	-	-	-	-	-	-	6,707	-	-	-	-	125,000	175,000	186,887	233,494
`44`	74,826	103,549	20,430	34,377	100,044	39,203	219,818	18,263	21,184	35,048	37,287	30,764	11,426	50,240	6,223	22,934	21,569	33,212
`440/4`	74,826	103,549	20,430	34,377	100,044	39,203	219,818	18,263	21,184	35,048	37,287	30,764	11,426	50,240	6,223	22,934	21,569	33,212
`46`	-	-	-	-	-	-	39,650	-	-	-	-	-	-	-	-	-	-	-
`45`	306	1,212	44,636	37,535	23,165	16,834	55,679	16,458	10,550	14,910	36,158	34,166	16,292	10,656	24,217	15,441	20,834	7,272
`450/3`	306	1,212	44,636	37,535	23,165	16,834	50,679	11,458	5,550	14,910	34,158	32,166	14,292	10,656	24,217	15,441	20,834	7,272
`454/9`	-	-	-	-	-	-	5,000	5,000	5,000	-	2,000	2,000	2,000	-	-	-	-	-
`47/48`	4.9m	4.1m	1.0m	1.2m	748,764	725,528	571,761	459,147	442,662	402,285	390,325	368,945	370,918	278,576	256,916	236,817	202,167	171,510
`492/3`	-	-	0	27,963	26,407	33,960	25,436	19,944	30,773	25,462	23,654	15,124	17,008	15,779	19,262	6,017	4,615	5,346
Income statement
`76A`	-	-	-	-	-	-	-	-	-	8,410	4,525	-	-	-	-	-	-	-
`9900`	-104,054	26,340	539,580	626,700	444,410	441,367	205,506	270,976	456,053	136,832	230,883	180,166	169,825	168,193	278,749	190,384	246,855	112,679
`630`	260,536	402,316	123,328	130,810	104,633	161,981	124,538	236,893	443,614	80,048	116,742	98,882	111,138	107,616	127,879	112,343	96,883	137,819
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,201	-	-	-
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-8,148	-19,713	40,000	23,785	19,120	-3,831
`640/8`	12,370	15,977	9,422	7,550	6,247	3,346	7,981	8,606	9,247	5,042	4,224	4,292	3,622	3,802	7,120	3,718	4,986	2,492
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,653	-	-
`9901`	-376,960	-391,952	406,829	488,341	333,530	276,039	72,987	25,477	3,192	51,742	109,917	76,992	63,212	76,488	93,549	50,539	125,867	-23,802
`75/76B`	3,459	7,282	4,973	3,434	4,267	5,252	4,758	4,587	11,738	5,284	5,668	5,194	5,205	1,395	248	883	769	29
`75`	3,459	7,282	4,973	3,434	4,267	5,252	4,758	4,587	11,738	5,284	5,668	5,194	5,205	1,395	248	883	769	29
`65/66B`	8,988	11,101	50,753	43,099	42,980	52,400	40,617	43,058	63,490	40,008	36,772	34,058	48,848	51,556	56,996	62,737	67,017	31,684
`65`	8,988	11,101	50,753	43,099	42,980	52,400	40,617	43,058	63,490	40,008	36,772	34,058	48,848	51,556	56,996	62,737	67,017	31,684
`9903`	-382,489	-395,771	361,049	448,676	294,817	228,892	37,128	-12,994	-48,560	25,427	83,338	48,127	19,569	26,327	36,801	-12,968	59,620	-55,457
`67/77`	306	21,789	71,040	129,791	56,070	62,026	9,384	391	-115	11,574	30,262	21,669	10,563	-71,599	114,853	2,594	7,649	13
`9904`	-382,795	-417,559	290,009	318,885	238,746	166,866	27,744	-13,385	-48,445	13,853	53,076	26,459	9,006	97,925	-78,052	-15,562	51,971	-55,469
`9905`	-382,795	-417,559	290,009	318,885	238,746	166,866	27,744	-13,385	-48,445	13,853	53,076	26,459	9,006	97,925	-78,052	-15,562	51,971	-55,469
Appropriation of the result
`9906`	266,439	649,234	1.1m	776,784	457,899	219,153	52,287	24,543	37,928	86,373	72,520	29,103	3,094	-5,911	-103,837	-25,784	-7,623	-59,594
`14P`	649,234	1.1m	776,784	457,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	9,659	450	-	-	-	2,599	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	9,659	450	-	-	-	2,599	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 5 older financial years (2001-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 15 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 31-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-03-2025	full format	31-10-2025	2025-00557345	PDF
31-03-2024	abbreviated format	31-10-2024	2024-00523884	PDF
31-03-2023	full format	31-10-2023	2023-00505546	PDF
31-03-2022	full format	03-11-2022	2022-20517051	PDF
31-03-2021	full format	30-11-2021	2021-78800058	PDF
31-03-2020	full format	12-11-2020	2020-70000132	PDF
31-03-2019	full format	30-10-2019	2019-72300438	PDF
31-03-2018	full format	22-10-2018	2018-69800592	PDF
31-03-2017	full format	31-10-2017	2017-68800345	PDF
30-06-2015	full format	26-01-2016	2016-03500369	PDF
30-06-2014	full format	15-01-2015	2015-01900045	PDF
30-06-2013	full format	28-02-2014	2014-05600507	PDF
30-06-2012	full format	14-02-2013	2013-03800247	PDF
30-06-2011	full format	15-02-2012	2012-03300047	PDF
30-06-2010	full format	28-02-2011	2011-04600422	PDF
30-06-2009	full format	15-02-2010	2010-04200172	PDF
30-06-2008	full format	30-01-2009	2009-03000364	PDF
30-06-2007	full format	29-02-2008	2008-05800120	PDF
30-06-2006	full format	29-01-2007	2007-02702329	PDF
30-06-2005	full format	17-01-2006	2006-01603152	PDF
30-09-2003	abbreviated format	31-03-2004	2004-09602954	PDF
30-09-2002	abbreviated format	16-04-2003	2003-10800133	PDF
30-09-2001	full format	03-04-2002	2002-08804906	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013	2012	2011	2010	2009	2008	2007
-116,424	10,364	530,158	619,150	438,163	438,021	197,525	262,370	446,806	131,791	226,659	175,874	174,351	184,104	221,428	162,882	222,750	114,018
-122,259	-15,244	413,338	449,694	343,380	328,847	152,282	223,507	395,169	93,901	169,818	125,341	120,144	205,541	49,826	96,780	148,853	82,350
518,648	3.3m	274,029	241,489	20,859	541,807	471,099	50,213	737,448	107,065	411,505	19,916	163,862	45,143	27,742	104,175	26,226	592,683
58,970	-398,032	-127,927	343,181	275,970	-286,525	139,236	115,327	-	6,982	-83,062	113,821	-73,868	41,375	14,003	4,415	11,150	-
-4.5m	-3.7m	-241,021	-284,693	-390,892	-603,878	-412,536	-195,377	-271,773	-326,750	-305,369	-243,394	-316,039	-218,119	-304,777	-340,769	-328,158	-421,495
7.0%	14.2%	39.4%	28.9%	23.2%	15.3%	8.6%	9.6%	9.8%	15.9%	15.1%	14.0%	11.9%	11.2%	2.5%	8.4%	9.4%	5.5%
0.12	0.14	0.79	0.79	0.60	0.32	0.58	0.66	0.51	0.36	0.39	0.48	0.29	0.44	0.34	0.32	0.32	0.14
13.30	6.05	1.42	2.30	3.08	5.15	9.95	8.61	8.39	4.67	4.97	5.27	6.38	6.76	33.86	9.87	8.84	16.19
-93.5%	-52.7%	24.0%	34.7%	39.7%	46.1%	14.2%	-8.0%	-26.8%	6.0%	24.6%	16.3%	6.6%	77.1%	-268.6%	-14.5%	42.4%	-78.5%
-6.5%	-7.5%	9.4%	10.0%	9.2%	7.0%	1.2%	-0.8%	-2.6%	1.0%	3.7%	2.3%	0.8%	8.6%	-6.6%	-1.2%	4.0%	-4.3%
-12.95	0.93	10.45	14.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

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.

Securities and guarantees

on own assets and for others

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Debts secured on the company's own assets	-	-	-	€705,526
Mortgages, amount registered	€1.1m	€1.1m	€1.1m	€1.1m
Carrying value of the mortgaged assets	€1.3m	€1.4m	€1.7m	€1.7m

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€518,648	€3.3m	€274,029	€241,489
	€260,536	€402,316	€123,328	€130,810

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on VICABEL

The operating result for 2025 is a loss of €376,960, smaller than the loss of €391,952 in 2024.

Debt's share of the balance-sheet total rises from 85.8% to 93.0%. Equity is lower and debt is higher.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency7.0%

Current ratio0.12

Return on assets-6.5%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VICABEL

Next steps

in euro

in euro

7.0%

0.12

-6.5%