Result
The result rose in 2025: merger with EMERGO.
The result rose in 2025: merger with EMERGO.
The accounts state no turnover.
€120,180 of the debts are secured on the company's own assets.
Green is investment, beige is depreciation.
In 2025, 5 people joined and 3 left.
Higher net result than 95% of companies in office administrative support. Sector median €20,974 · 2,826 companies.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Shares in 5 companies, including MAPECO VILVOORDE and Mapeco Wommelgem
Board & ownership| Company | ||||
|---|---|---|---|---|
| Vico Turnhout | €20.8m | €2.1m | 5.9% | 11.8 |
| SHRIMP TEMPURA Antwerp | €10.8m | €1.7m | 12.1% | 14.9 |
| Solidaris Immo Liège | €29.5m | €3.2m | 83.8% | 13.3 |
| Paycover Brussels | €15.1m | €2.6m | 25.7% | 23.7 |
| Cegid Fin Belgium Auderghem | €19.4m | €1.3m | -24.9% | 19.1 |
| LUMET HOLDING Beveren-Kruibeke-Zwijndrecht | €16.3m | €1.2m | 12.7% | 5.9 |
| 'T CLAEYSSENSHOF Hooglede | €14.2m | €1.7m | 22.2% | 11.2 |
These companies have the same main activity as Vico: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €11m and €29m, founded between 1996 and 2015.
Vico files the abbreviated format. That format states no turnover. The gross margin rose from €33,634 in 2012 to €2.1m in 2025.
Pixma holds all the shares. In December 2024, the Official Gazette published the appointment of NEXIRA as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.2m. Estimated: probably between €2.4m and €4.6m.
Higher than 18% of 2,824 companies in 2025.
Higher than 46% of 2,771 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 5 people joined and 3 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
20.8m | 15.3m | 14.0m | 14.4m | 9.4m | 9.5m | 6.4m | 5.2m | 5.1m | 5.3m | 5.9m | 7.1m | 5.1m | |
21/28 |
16.3m | 12.2m | 12.2m | 12.2m | 8.7m | 8.7m | 6.2m | 5.1m | 5.1m | 5.1m | 5.1m | 5.1m | 5.1m | |
21 |
2.2m | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
150,887 | 26,011 | 35,196 | - | - | - | - | - | - | - | - | - | - | |
24 |
32,869 | - | - | - | - | - | - | - | - | - | - | - | - | |
25 |
118,018 | 26,011 | 35,196 | - | - | - | - | - | - | - | - | - | - | |
28 |
14.0m | 12.2m | 12.2m | 12.2m | 8.7m | 8.7m | 6.2m | 5.1m | 5.1m | 5.1m | 5.1m | 5.1m | 5.1m | |
29/58 |
4.5m | 3.1m | 1.8m | 2.2m | 706,200 | 809,636 | 146,102 | 140,940 | 16,307 | 146,826 | 808,671 | 2.0m | 14,594 | |
29 |
- | - | - | 0 | 100,564 | - | - | - | - | - | - | - | - | |
290 |
- | - | - | 0 | 100,564 | - | - | - | - | - | - | - | - | |
40/41 |
4.5m | 2.4m | 1.4m | 1.5m | 523,794 | 780,628 | 89,018 | 131,645 | 1,946 | 145,158 | 805,360 | 2.0m | 341 | |
40 |
2.0m | 159,997 | 297,703 | 0 | 2,880 | 266,093 | 54,398 | - | - | 144,142 | 574,505 | 1.1m | - | |
41 |
2.5m | 2.2m | 1.1m | 1.5m | 520,914 | 514,535 | 34,620 | 131,645 | 1,946 | 1,016 | 230,855 | 885,458 | 341 | |
54/58 |
0 | 695,369 | 37,644 | 720,597 | 65,668 | 17,316 | 52,043 | 8,509 | 14,324 | 1,668 | 455 | 3,315 | 14,253 | |
490/1 |
2,836 | 929 | 336,930 | 0 | 16,173 | 11,692 | 5,041 | 786 | 37 | - | 2,856 | 23,919 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
20.8m | 15.3m | 14.0m | 14.4m | 9.4m | 9.5m | 6.4m | 5.2m | 5.1m | 5.3m | 5.9m | 7.1m | 5.1m | |
10/15 |
1.2m | 596,932 | 550,000 | 537,246 | 601,731 | 550,000 | 496,706 | 444,894 | 539,673 | 602,374 | 600,181 | 594,576 | 592,360 | |
10/11 |
500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |
100 |
- | - | - | - | - | - | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |
13 |
730,035 | 96,932 | 50,000 | 50,000 | 101,731 | 50,000 | 50,000 | 50,000 | 120,476 | 120,476 | 120,476 | 120,476 | 120,476 | |
130/1 |
- | - | 0 | 50,000 | 50,000 | 50,000 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
1311 |
- | - | 0 | 50,000 | 50,000 | 50,000 | - | - | - | - | - | - | - | |
133 |
730,035 | 96,932 | 50,000 | 0 | 51,731 | - | - | - | 70,476 | 70,476 | 70,476 | 70,476 | 70,476 | |
14 |
0 | 0 | 0 | -12,754 | 0 | 0 | -53,294 | -105,106 | -80,803 | -18,102 | -20,296 | -25,900 | -28,116 | |
17/49 |
19.6m | 14.7m | 13.4m | 13.8m | 8.8m | 9.0m | 5.9m | 4.8m | 4.6m | 4.7m | 5.3m | 6.5m | 4.5m | |
17 |
2.7m | 17,643 | 4.1m | 4.0m | 4.0m | 3.9m | 3.9m | 3.9m | 3.9m | 3.9m | 3.9m | 3.9m | - | |
170/4 |
2.7m | 17,643 | 4.1m | 4.0m | 4.0m | 3.9m | 3.9m | 3.9m | 3.9m | 3.9m | 3.9m | 3.9m | - | |
42/48 |
16.9m | 14.6m | 9.3m | 9.8m | 4.8m | 5.0m | 1.9m | 850,476 | 643,854 | 712,179 | 1.4m | 2.6m | 4.5m | |
42 |
466,690 | 9,104 | 8,703 | - | - | - | - | - | - | - | - | 44,899 | - | |
43 |
4.0m | 3.8m | - | - | 0 | 555 | - | - | - | - | - | - | 1.4m | |
430/8 |
4.0m | 3.8m | - | - | 0 | 555 | - | - | - | - | - | - | 1.4m | |
44 |
171,900 | 181,482 | 56,399 | 344,135 | 230,140 | 8,485 | 757,081 | 617,442 | 359,914 | 7,276 | 346,432 | 586,281 | 15,362 | |
440/4 |
171,900 | 181,482 | 56,399 | 344,135 | 230,140 | 8,485 | 757,081 | 617,442 | 359,914 | 7,276 | - | 586,281 | 15,362 | |
441 |
- | - | - | - | - | - | - | - | - | - | 346,432 | - | - | |
45 |
216,601 | 79,838 | 148,931 | 107,479 | 36,214 | 56,240 | 7,002 | 11,185 | 11,713 | 4,698 | 24 | - | 360 | |
450/3 |
129,707 | 12,389 | 86,812 | 59,515 | 32,985 | 53,667 | 295 | 101 | - | - | 24 | - | 360 | |
454/9 |
86,894 | 67,448 | 62,119 | 47,964 | 3,229 | 2,573 | 6,707 | 11,084 | 11,713 | 4,698 | - | - | - | |
47/48 |
12.1m | 10.6m | 9.1m | 9.3m | 4.5m | 4.9m | 1.2m | 221,850 | 272,227 | 700,206 | 1.0m | 1.9m | 3.0m | |
492/3 |
- | 0 | 9,600 | 0 | 90,419 | 50,710 | 15,513 | 5,769 | 2,981 | 2,472 | 7,194 | 33,590 | 32,252 | |
| Income statement | ||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | 288,194 | 67,500 | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 885 | |
9900 |
2.1m | 1.1m | 2.5m | 982,610 | 1.0m | 671,619 | 493,236 | 355,437 | 385,520 | 615,852 | 698,711 | 2.5m | 33,634 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | 66,935 | 36,004 | |
62 |
841,400 | 619,520 | 546,533 | 455,728 | 27,428 | 16,424 | 82,963 | 89,659 | 97,513 | 49,621 | - | - | - | |
630 |
107,018 | 9,183 | 3,069 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
4,402 | 3,440 | 962 | 1,296 | 7,539 | 1,023 | 1,098 | 1,094 | 1,090 | 1,149 | 654 | 2,553 | 934 | |
66A |
- | - | - | - | - | - | - | 7,969 | - | - | - | 89,544 | - | |
9901 |
1.1m | 489,845 | 2.0m | 525,587 | 1.0m | 654,173 | 409,175 | 264,684 | 286,917 | 565,083 | 698,057 | 2.5m | 32,700 | |
75/76B |
78,430 | 143,723 | 0 | 13,209 | 16,737 | 11,692 | 4,857 | 786 | 38 | 10 | 2,886 | 47,333 | 21,952 | |
75 |
78,430 | 143,723 | 0 | 13,209 | 16,737 | 11,692 | 4,857 | 786 | 38 | 10 | 2,886 | 47,333 | 21,952 | |
65/66B |
293,742 | 572,194 | 533,002 | 597,962 | 422,696 | 578,921 | 362,166 | 360,248 | 349,656 | 349,899 | 395,339 | 721,186 | 83,649 | |
65 |
293,742 | 572,194 | 533,002 | 597,962 | 422,696 | 578,921 | 362,166 | 352,279 | 349,656 | 349,899 | 395,339 | 721,186 | 83,649 | |
66B |
- | - | - | - | - | - | - | 7,969 | - | - | - | - | - | |
9903 |
884,067 | 61,374 | 1.5m | -59,166 | 601,321 | 86,944 | 51,866 | -94,779 | -62,702 | 215,194 | 305,604 | 1.7m | -28,113 | |
67/77 |
250,965 | 12,180 | 109 | 80 | - | 0 | 54 | - | - | - | - | - | 3 | |
9904 |
633,103 | 49,194 | 1.5m | -59,247 | 601,321 | 86,944 | 51,812 | -94,779 | -62,702 | 215,194 | 305,604 | 1.7m | -28,116 | |
9905 |
633,103 | 49,194 | 1.5m | -59,247 | 601,321 | 86,944 | 51,812 | -94,779 | -62,702 | 215,194 | 305,604 | 1.7m | -28,116 | |
| Appropriation of the result | ||||||||||||||
9906 |
633,103 | 49,194 | 1.4m | -59,247 | 601,321 | 33,650 | -53,294 | -175,582 | -80,803 | 194,898 | 279,705 | 1.7m | -28,116 | |
14P |
- | 0 | -12,754 | - | 0 | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 0 | 51,731 | - | - | - | 70,476 | - | - | - | - | - | |
691/2 |
633,103 | 46,932 | - | 0 | 51,731 | - | - | - | - | - | - | - | - | |
6921 |
633,103 | 46,932 | - | 0 | 51,731 | - | - | - | - | - | - | - | - | |
694/7 |
0 | 2,261 | 1.4m | 5,238 | 549,590 | 33,650 | - | - | - | 213,000 | 300,000 | 1.7m | - | |
695 |
- | 0 | 1.4m | 0 | 545,000 | 29,060 | - | - | - | 213,000 | 300,000 | 1.7m | - | |
696 |
0 | 2,261 | 15,229 | 5,238 | 4,590 | 4,590 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
11.8 | 10.4 | 9.4 | 7.8 | 0.6 | 0.7 | 1.7 | 2 | 2 | 1.2 | - | - | - | |
Hours worked1013 |
21,091 | 18,193 | 16,257 | 13,794 | 1,179 | 1,022 | 297,920 | 3,523 | 3,986 | 1,360 | - | - | - | |
| Document | ||||||||||||||
The accounts for financial year 2012 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 27 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00342252 | |
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00324805 | |
| 31-12-2023 | abbreviated format | 26-07-2024 | 2024-00289419 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00296404 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20220025 | |
| 31-12-2020 | abbreviated format | 04-08-2021 | 2021-45800518 | |
| 31-12-2019 | micro format | 14-07-2020 | 2020-29900538 | |
| 31-12-2018 | abbreviated format | 26-07-2019 | 2019-39400189 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-36700480 | |
| 31-12-2016 | abbreviated format | 26-07-2017 | 2017-36200271 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-36600237 | |
| 20-12-2014 | abbreviated format | 27-07-2015 | 2015-35200565 | |
| 31-12-2012 | abbreviated format | 26-02-2013 | 2013-04600244 | |
| 31-03-2012 | abbreviated format | 05-10-2012 | 2012-60200407 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.5m | -1 | 38,264 | 3.5m | - | 2.5m | 1.1m | - | - | - | - | 10,000 | 100,000 | ||
| -695,369 | 657,725 | -682,953 | 654,929 | 48,352 | -34,727 | 43,534 | -5,815 | 12,656 | 1,212 | -2,860 | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 48.4% | ||
| 5.9% | 3.9% | 3.9% | 3.7% | 6.4% | 5.8% | 7.8% | 8.5% | 10.5% | 11.5% | 10.1% | 8.4% | 11.6% | ||
| 51.5% | 8.2% | 265.2% | -11.0% | 99.9% | 15.8% | 10.4% | -21.3% | -11.6% | 35.7% | 50.9% | 293.6% | -4.7% | ||
| 3.0% | 0.3% | 10.4% | -0.4% | 6.4% | 0.9% | 0.8% | -1.8% | -1.2% | 4.1% | 5.2% | 24.5% | -0.6% |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 11 | 12 | 9 | 1 |
| full-time | 10 | 8 | 9 | 7 | 0 |
| part-time | 3 | 3 | 3 | 2 | 1 |
| in full-time equivalents | 12.4 | 10.3 | 11.3 | 8.5 | 0.7 |
| 11.8 | 10.4 | 9.4 | 7.8 | 0.6 | |
| On a permanent contract | 13 | 11 | 12 | 9 | 1 |
| Joined | 5 | 0 | - | 9 | - |
| Left | 3 | 1 | - | 1 | - |
| Training hours | 0 | 0 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €120,180 | - | - | - | - |
| Carrying value of the other pledged assets | €118,018 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €205,073 | - | €38,264 | - | - |
| Intangible fixed assets | €2.3m | - | - | - | - |
| Financial fixed assets | €3.0m | - | - | €3.5m | - |
| €107,018 | €9,183 | €3,069 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 124% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 96.1% to 94.1%. Equity and debt are higher.
Further up the chainNEXIRA 100%
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| Pixma
registered office since 21-05-2007 · founded in 2007 |
total assets €22.0m (2025) 0889.541.666 |
| NEXIRA
registered office since 07-11-2024 · founded in 2024 |
3.5 FTE (2025) 1016.001.358 |
| MAPECO TURNHOUT
registered office since 05-07-1994 · founded in 1990 |
15 FTE (2025) 0440.805.216 |
| Mapeco Eenheid
registered office since 01-10-2015 |
founded in 2015 0636.805.592 |
| Rollo via Sarah Verhees, at Vico until 2024 · Director (not named in the articles) · deed of 07-08-2020 founded in 2020 |
total assets €22.3m (2025) |
| Wijland via Sarah Verhees, at Vico until 2024 · Director · deed of 03-03-2025 |
founded in 2025 |
| Emergo No longer active |
7 FTE (2025) |
| RDM via Pixma (at Vico until 2024) and NEXIRA (no longer at RDM) · Managing director · deed of 11-12-2024 No longer active |
3 FTE (2025) |
| CROLLET CONSULTING via Pixma (at Vico until 2024) and NEXIRA (no longer at CROLLET CONSULTING) · Director · deed of 17-12-2024 No longer active |
1 FTE (2025) |
| Leo Mesnil asbl via Sarah Verhees (at Vico until 2024) and Eline Verhees (at Vico until 2023) · Director · deed of 24-06-2021 No longer active |
founded in 2021 |
| VICO via Sarah Verhees, at Vico until 2024 · Permanent representative · deed of 02-04-2024 No longer active |
Source for every holding own accounts 2025
| Name | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MAPECO VILVOORDE | 99% | 99.84% | 99.95% | 100% | |||||||||
| Mapeco Wommelgem | 100% | ||||||||||||
| METALEUVEN TOOLS | 100% | ||||||||||||
| MAPECO TURNHOUT | 99% | 99.84% | 99.91% | 99.92% | |||||||||
| Mapeco Kalmthout | 99% | 99.88% | |||||||||||
| EMERGO | 10.89% | 50.64% | 98.7% | ||||||||||
Source: list of holdings in its own accounts
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Vico Invest registered office Steenweg op Gierle 258, 2300 Turnhout 64210 Activities of holding companies | 27-05-2010 | 2.188.367.510 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13453O0904/00H009 | 6,028 m² | 1 · 2,886 m² | 6.8 m · 2 |
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