VICORE (0474.445.806): financials and annual accounts

VICORE

Woluwe-Saint-Pierre ·KBO/BCE: BE 0474.445.806

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	34,996	47,772	53,660	21,833	8,098	11,951	11,267	29,963	45,669	70,010	112,983	32,936	21,868	22,130	21,809	19,531	34,864	43,252	41,537	62,971
Formation expenses`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	525	1,225	1,925
Fixed assets`21/28`	24,999	36,489	46,542	80	496	4,455	9,277	18,188	27,511	19,997	21,634	6,259	7,123	9,160	11,402	10,010	15,755	23,490	32,071	38,985
Tangible fixed assets`22/27`	24,999	36,489	46,542	80	496	4,455	9,277	18,188	27,511	19,947	21,584	6,094	6,958	8,995	11,237	9,960	15,705	22,915	30,797	37,011
Land and buildings`22`	-	-	-	80	496	911	1,775	2,639	3,503	4,367	5,230	6,094	6,958	7,822	8,686	9,549	10,413	11,277	12,141	13,005
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,005	3,053
Furniture and vehicles`24`	24,999	36,489	46,542	-	-	3,543	7,502	15,549	24,008	15,580	16,354	-	-	1,173	2,552	411	5,292	11,638	15,651	20,953
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	50	50	165	165	165	165	50	50	50	50	50
Current assets`29/58`	9,997	11,283	7,118	21,753	7,602	7,496	1,990	11,775	18,159	50,013	91,349	26,677	14,745	12,971	10,407	9,522	19,110	19,762	9,466	23,986
Amounts receivable within one year`40/41`	6,000	-	3,630	-	-	3,000	251	8,675	11,726	21,032	68,320	7,504	5,004	2,000	5,007	1,410	1,932	4,081	326	628
Trade receivables`40`	6,000	-	3,630	-	-	3,000	-	8,424	3,000	12,465	20,194	7,500	5,000	2,000	5,000	1,210	-	3,514	-	-
Other amounts receivable`41`	-	-	-	-	-	0	251	251	8,726	8,567	48,126	4	4	-	7	200	1,932	566	326	628
Cash at bank and in hand`54/58`	3,836	11,125	3,320	12,586	6,139	3,051	312	1,695	4,951	27,999	21,716	18,167	9,741	9,972	4,971	7,861	16,282	15,681	9,139	23,358
Deferred charges and accrued income`490/1`	161	157	168	9,167	1,464	1,445	1,427	1,405	1,482	982	1,312	1,006	-	999	429	250	896	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	34,996	47,772	53,660	21,833	8,098	11,951	11,267	29,963	45,669	70,010	112,983	32,936	21,868	22,130	21,809	19,531	34,864	43,252	41,537	62,971
Equity`10/15`	-65,412	-81,654	-48,206	-38,742	-39,125	-23,213	-13,775	10,599	27,952	48,786	55,208	-1,508	-19,671	-20,456	-29,070	-26,631	-3,606	2,085	1,136	23,821
Contributions`10/11`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500
Capital`10`	61,500	61,500	61,500	61,500	61,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500	61,500
Profit (loss) carried forward`14`	-126,912	-143,154	-109,706	-100,242	-100,625	-84,713	-75,275	-50,901	-33,548	-12,714	-6,292	-63,008	-81,171	-81,956	-90,570	-88,131	-65,106	-59,415	-60,364	-37,679
Amounts payable`17/49`	100,408	129,425	101,866	60,574	47,223	35,164	25,042	19,364	17,717	21,223	57,775	34,444	41,538	42,586	50,879	46,162	38,470	41,167	40,401	39,149
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	1,452	5,688	9,748	13,641	-	-	-	-	-	3,699	9,025	14,095	18,922
Financial debts`170/4`	-	-	-	-	-	-	-	1,452	5,688	9,748	13,641	-	-	-	-	-	3,699	9,025	14,095	18,922
Amounts payable within one year`42/48`	100,408	129,425	101,866	60,574	47,223	35,164	25,042	17,912	12,029	11,475	44,135	34,444	41,538	42,586	50,749	46,162	34,771	32,142	26,306	20,227
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	1,452	4,236	4,060	3,892	3,731	-	-	-	-	3,699	5,326	5,070	4,827	4,595
Trade debts`44`	305	640	597	2,792	2,103	418	367	524	3,503	3,339	4,040	2,927	1,219	1,416	2,812	1,258	1,155	834	1,515	1,521
Suppliers`440/4`	305	640	597	2,792	2,103	418	367	524	3,503	3,339	4,040	2,927	1,219	1,416	2,812	1,258	1,155	834	1,515	1,521
Taxes, remuneration and social security`45`	5,305	4,471	3,587	4,130	2,597	2,245	2,258	2,506	2,966	2,744	36,363	4,319	11,893	11,848	5,636	378	1,292	1,256	286	284
Taxes`450/3`	5,305	4,471	3,587	4,130	2,597	2,245	2,258	2,506	2,966	2,744	36,363	4,319	3,501	3,904	2,769	378	1,292	1,256	286	284
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	8,392	7,945	2,866	-	-	-	-	-
Other amounts payable`47/48`	94,798	124,314	97,682	53,652	42,524	32,501	20,966	10,646	1,500	1,500	-	27,197	28,426	29,321	42,301	40,828	26,999	24,981	19,678	13,828
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	131	-	-	-	-	-
Income statement
Gross operating margin`9900`	29,794	-20,012	965	2,986	-9,983	-2,443	-12,888	-3,803	-9,332	2,542	96,229	44,308	30,838	42,461	9,116	-14,902	3,954	12,934	-11,075	-13,602
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	158	-158	22,933	26,542	29,971	7,391	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	11,490	11,175	8,128	416	3,959	4,823	8,911	10,568	10,153	6,610	4,952	864	2,037	2,242	2,242	6,361	7,735	9,112	9,305	8,489
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	-2,000	1,000	1,000	-	-	-	-	-	-	-	-	-
Other operating charges`640/8`	1,311	1,517	1,569	1,460	1,291	1,520	1,387	1,752	2,384	2,201	2,310	2,266	1,428	1,280	1,643	1,306	1,248	1,866	1,235	2,206
Operating profit (loss)`9901`	16,992	-32,704	-8,732	1,111	-15,233	-8,786	-23,186	-16,123	-19,869	-7,427	88,125	18,246	830	8,968	-2,160	-22,569	-5,029	1,956	-21,615	-24,297
Financial income`75/76B`	19	-	-	2	0	0	-	2	729	2,540	844	25	29	30	47	160	193	128	264	420
Recurring financial income`75`	19	-	-	2	0	0	-	2	729	2,540	844	25	29	30	47	160	193	128	264	420
Financial charges`65/66B`	85	58	63	72	67	78	507	519	629	730	762	108	74	114	326	616	855	1,135	1,335	903
Recurring financial charges`65`	85	58	63	72	67	78	507	519	629	730	762	108	74	114	326	616	855	1,135	1,335	903
Profit (loss) for the period before taxes`9903`	16,926	-32,762	-8,796	1,041	-15,300	-8,863	-23,692	-16,640	-19,769	-5,617	88,207	18,163	785	8,885	-2,439	-23,025	-5,691	949	-22,686	-24,781
Income taxes`67/77`	684	685	669	657	612	574	682	713	1,064	804	31,491	-	-	270	-	-	-	-	-	1,265
Profit (loss) for the period`9904`	16,242	-33,447	-9,465	384	-15,913	-9,437	-24,374	-17,353	-20,834	-6,421	56,716	18,163	785	8,615	-2,439	-23,025	-5,691	949	-22,686	-26,046
Profit (loss) for the period to be appropriated`9905`	16,242	-33,447	-9,465	384	-15,913	-9,437	-24,374	-17,353	-20,834	-6,421	56,716	18,163	785	8,615	-2,439	-23,025	-5,691	949	-22,686	-26,046
Appropriation of the result
Profit (loss) to be appropriated`9906`	-126,912	-143,154	-109,706	-100,242	-100,625	-84,713	-75,275	-50,901	-33,548	-12,714	-6,292	-63,008	-81,171	-81,956	-90,570	-88,131	-65,106	-59,415	-60,364	-37,679
Profit (loss) brought forward from the previous period`14P`	-143,154	-109,706	-100,242	-100,625	-84,713	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	0.8	1	1	0.3	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	1,292	1,764	1,908	494	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-03-2026	abbreviated format	21-09-2026	2026-00518033	PDF
31-03-2025	micro format	07-10-2025	2025-00532954	PDF
31-03-2024	micro format	25-09-2024	2024-00475660	PDF
31-03-2023	micro format	27-09-2023	2023-00458543	PDF
31-03-2022	micro format	30-09-2022	2022-20441497	PDF
31-03-2021	micro format	08-10-2021	2021-71500512	PDF
31-03-2020	micro format	01-10-2020	2020-57800009	PDF
31-03-2019	micro format	19-09-2019	2019-64900568	PDF
31-03-2018	micro format	30-10-2018	2018-70700321	PDF
31-03-2017	micro format	25-10-2017	2017-67800260	PDF
31-03-2016	full format	31-10-2016	2016-66800444	PDF
31-03-2015	full format	24-09-2015	2015-60500570	PDF
31-03-2014	full format	23-09-2014	2014-60300578	PDF
31-03-2013	full format	18-09-2013	2013-59200055	PDF
31-03-2012	full format	16-10-2012	2012-60900585	PDF
31-03-2011	full format	26-09-2011	2011-55400484	PDF
31-03-2010	full format	13-10-2010	2010-57900597	PDF
31-03-2009	full format	13-11-2009	2009-85200271	PDF
31-03-2008	full format	15-10-2008	2008-78500232	PDF
31-03-2007	full format	04-10-2007	2007-76800023	PDF
31-03-2006	full format	23-10-2006	2006-84405308	PDF
31-03-2005	full format	14-10-2005	2005-82505356	PDF
31-03-2004	full format	24-09-2004	2004-66304552	PDF
31-03-2003	full format	25-09-2003	2003-68804657	PDF
31-03-2002	full format	27-09-2002	2002-59402061	PDF

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	28,482	-21,529	-604	1,527	-11,274	-3,963	-14,275	-5,555	-9,716	-817	93,077	19,109	2,867	11,210	82	-16,208	2,706	11,068	-12,310	-15,808
Cash flow	27,732	-22,272	-1,336	800	-11,954	-4,615	-15,463	-6,785	-10,681	188	61,668	19,027	2,822	10,857	-197	-16,664	2,044	10,061	-13,381	-17,556
Investment in fixed assets (approximation)	0	1,122	54,591	0	0	0	0	1,246	17,717	4,972	20,443	0	0	0	3,634	616	0	530	2,391	24,383
Change in cash	-7,289	7,805	-9,266	6,447	3,088	2,739	-1,383	-3,256	-23,047	6,283	3,549	8,426	-232	5,001	-2,890	-8,420	601	6,542	-14,218	-
Working capital	-90,411	-118,143	-94,749	-38,821	-39,621	-27,667	-23,053	-6,137	6,130	38,538	47,214	-7,767	-26,793	-29,615	-40,342	-36,641	-15,661	-12,380	-16,840	3,758
Solvency	-186.9%	-170.9%	-89.8%	-177.4%	-483.2%	-194.2%	-122.3%	35.4%	61.2%	69.7%	48.9%	-4.6%	-90.0%	-92.4%	-133.3%	-136.4%	-10.3%	4.8%	2.7%	37.8%
Current ratio	0.10	0.09	0.07	0.36	0.16	0.21	0.08	0.66	1.51	4.36	2.07	0.77	0.35	0.30	0.21	0.21	0.55	0.61	0.36	1.19
Debt to equity	-	-	-	-	-	-	-	1.83	0.63	0.44	1.05	-	-	-	-	-	-	19.74	35.57	1.64
ROE	-	-	-	-	-	-	-	-163.7%	-74.5%	-13.2%	102.7%	-	-	-	-	-	-	45.5%	-	-109.3%
ROA	46.4%	-70.0%	-17.6%	1.8%	-196.5%	-79.0%	-216.3%	-57.9%	-45.6%	-9.2%	50.2%	55.1%	3.6%	38.9%	-11.2%	-117.9%	-16.3%	2.2%	-54.6%	-41.4%
Interest coverage	over 100	-371.45	-9.52	21.08	-167.80	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	-	€1,122	€54,591	-	-
Depreciation and write-downs of the year	€11,490	€11,175	€8,128	€416	€3,959

VICORE

Annual accounts 2026

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-186.9%

Current ratio0.10

Return on assets46.4%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on VICORE

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