VIK
ActiveSummary
VIK has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,068 and a net result of €7,521. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 35% of 10,757 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429407.
Equity
€69,068▲ 12.2%
2024 · €61,547
Total assets
€198,858▼ 23.1%
2024 · €258,687
Net result
€7,521▲ 0.9%
2024 · €7,453
Working capital
-€112,723▲ 8.3%
2024 · -€122,900
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€13,411
2025
Net result€7,521
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€198,858
2025
Equity€69,068
2025
Debt€129,790
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€112,723
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)3.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.07
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€4,503-€7,664▲ 70.2%€3,617▼ 52.8%€25,942▲ 617%€18,680▼ 28.0%€8,430▼ 54.9%€13,329▲ 58.1%€13,411▲ 0.6%
Net result€3,136-€6,545▲ 109%€1,874within the sector's middle half▼ 71.4%€19,825within the sector's middle half▲ 958%€11,231within the sector's middle half▼ 43.3%€3,226below the sector's middle half▼ 71.3%€7,453within the sector's middle half▲ 131%€7,521within the sector's middle half▲ 0.9%
Equity€14,428-€20,972▲ 45.4%€22,846below the sector's middle half▲ 8.9%€42,671below the sector's middle half▲ 86.8%€53,867below the sector's middle half▲ 26.2%€54,094below the sector's middle half▲ 0.4%€61,547below the sector's middle half▲ 13.8%€69,068below the sector's middle half▲ 12.2%
Total assets€134,507-€116,346▼ 13.5%€284,876below the sector's middle half▲ 145%€284,503below the sector's middle half▼ 0.1%€241,753below the sector's middle half▼ 15.0%€237,371below the sector's middle half▼ 1.8%€258,687below the sector's middle half▲ 9.0%€198,858below the sector's middle half▼ 23.1%
Debt€120,079-€95,373▼ 20.6%€262,030▲ 175%€241,831▼ 7.7%€187,885▼ 22.3%€183,277▼ 2.5%€197,140▲ 7.6%€129,790▼ 34.2%
Working capital-€43,179--€30,389▲ 29.6%-€94,437below the sector's middle half▼ 211%-€89,016below the sector's middle half▲ 5.7%-€93,428below the sector's middle half▼ 5.0%-€103,815below the sector's middle half▼ 11.1%-€122,900below the sector's middle half▼ 18.4%-€112,723below the sector's middle half▲ 8.3%
Solvency10.7%-18.0%▲ 7.3pp8.0%below the sector's middle half▼ 10.0pp15.0%below the sector's middle half▲ 7.0pp22.3%below the sector's middle half▲ 7.3pp22.8%below the sector's middle half▲ 0.5pp23.8%below the sector's middle half▲ 1.0pp34.7%within the sector's middle half▲ 10.9pp
Current ratio0.15-0.22▲ 0.070.21below the sector's middle half=0.30below the sector's middle half▲ 0.080.08below the sector's middle half▼ 0.220.02below the sector's middle half▼ 0.050.25below the sector's middle half▲ 0.220.07below the sector's middle half▼ 0.18
Return on assets (ROA)2.3%-5.6%▲ 3.3pp0.7%within the sector's middle half▼ 5.0pp7.0%within the sector's middle half▲ 6.3pp4.6%within the sector's middle half▼ 2.3pp1.4%within the sector's middle half▼ 3.3pp2.9%within the sector's middle half▲ 1.5pp3.8%within the sector's middle half▲ 0.9pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198,858
Fixed assets
€190,816 ▼ 12.7%
Current assets
€8,042 ▼ 79.9%
Equity and liabilities €198,858
Equity
€69,068 ▲ 12.2%
Debt
€129,790 ▼ 34.2%
Debt's share of the balance-sheet total falls from 76.2% to 65.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,263▲
2024 · €35,805
Cash flow
€37,374▲
2024 · €29,930
Debt to equity
1.88▼
2024 · 3.20
ROE
10.9%▼
2024 · 12.1%
Interest coverage
26.10▲
2024 · 13.92
Debt ≤ 1 year
€120,766▼
2024 · €162,919
Debt > 1 year
€9,024▼
2024 · €34,222
Income taxes
€4,232▲
2024 · €3,643
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €20,211 | €20,422 | €18,785 | €15,504 | €20,178 | €22,477 | €29,853 | ▲ 32.8% |
| Other operating charges640/8 | - | - | - | €712 | €890 | €12,940 | €629 | €832 | ▲ 32.4% |
| Gross operating margin9900 | €11,880 | €28,817 | €24,224 | €45,439 | €35,074 | €41,548 | €36,434 | €44,095 | ▲ 21.0% |
| Operating profit (loss)9901 | €4,503 | €7,664 | €3,617 | €25,942 | €18,680 | €8,430 | €13,329 | €13,411 | ▲ 0.6% |
| Financial income75/76B | - | - | - | - | €3 | €0 | €339 | - | - |
| Recurring financial income75 | €22 | €40 | - | - | €3 | €0 | €339 | - | - |
| Financial charges65/66B | - | - | - | €2,494 | €2,227 | €3,126 | €2,572 | €1,658 | ▼ 35.5% |
| Recurring financial charges65 | €1,388 | €1,160 | €1,743 | €2,494 | €2,227 | €3,126 | €2,572 | €1,658 | ▼ 35.5% |
| Profit (loss) for the period before taxes9903 | €3,136 | €6,545 | €1,874 | €23,448 | €16,456 | €5,304 | €11,096 | €11,753 | ▲ 5.9% |
| Income taxes67/77 | - | - | - | €3,623 | €5,225 | €2,078 | €3,643 | €4,232 | ▲ 16.2% |
| Profit (loss) for the period9904 | €3,136 | €6,545 | €1,874 | €19,825 | €11,231 | €3,226 | €7,453 | €7,521 | ▲ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €3,136 | €6,545 | €1,874 | €19,825 | €11,231 | €3,226 | €7,453 | €7,521 | ▲ 0.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €134,507 | €116,346 | €284,876 | €284,503 | €241,753 | €237,371 | €258,687 | €198,858 | ▼ 23.1% |
| Fixed assets21/28 | €127,122 | €107,864 | €259,196 | €246,734 | €233,970 | €235,041 | €218,668 | €190,816 | ▼ 12.7% |
| Tangible fixed assets22/27 | €127,122 | €107,864 | €89,196 | €76,734 | €63,970 | €65,041 | €48,668 | €20,816 | ▼ 57.2% |
| Plant, machinery and equipment23 | - | - | - | €2,266 | €1,700 | €1,133 | €567 | - | - |
| Furniture and vehicles24 | - | - | - | €16,933 | €17,806 | €31,226 | €27,712 | €18,696 | ▼ 32.5% |
| Other tangible fixed assets26 | - | - | - | €57,534 | €44,464 | €32,682 | €20,390 | €2,119 | ▼ 89.6% |
| Financial fixed assets28 | - | - | €170,000 | €170,000 | €170,000 | €170,000 | €170,000 | €170,000 | = |
| Current assets29/58 | €7,386 | €8,482 | €25,680 | €37,769 | €7,783 | €2,329 | €40,019 | €8,042 | ▼ 79.9% |
| Amounts receivable within one year40/41 | €4,901 | €7,692 | €25,015 | €36,935 | €4,575 | €291 | €13,786 | €2,248 | ▼ 83.7% |
| Trade receivables40 | - | - | - | €36,920 | €4,560 | - | €13,786 | €1,812 | ▼ 86.9% |
| Other amounts receivable41 | - | - | - | €15 | €15 | €291 | - | €436 | - |
| Cash at bank and in hand54/58 | €2,235 | €790 | €665 | €833 | €3,208 | €2,039 | €26,233 | €5,422 | ▼ 79.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €372 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €134,507 | €116,346 | €284,876 | €284,503 | €241,753 | €237,371 | €258,687 | €198,858 | ▼ 23.1% |
| Equity10/15 | €14,428 | €20,972 | €22,846 | €42,671 | €53,867 | €54,094 | €61,547 | €69,068 | ▲ 12.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €34,511 | €34,511 | €34,511 | €36,471 | €47,667 | €47,894 | €55,347 | €62,868 | ▲ 13.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €34,611 | €45,807 | €47,894 | €55,347 | €62,868 | ▲ 13.6% |
| Profit (loss) carried forward14 | -€26,283 | -€19,739 | -€17,865 | - | - | - | - | - | - |
| Amounts payable17/49 | €120,079 | €95,373 | €262,030 | €241,831 | €187,885 | €183,277 | €197,140 | €129,790 | ▼ 34.2% |
| Amounts payable after more than one year17 | €69,515 | €56,502 | €141,913 | €115,047 | €86,674 | €74,133 | €34,222 | €9,024 | ▼ 73.6% |
| Financial debts170/4 | - | - | - | €115,047 | €86,674 | €74,133 | €34,222 | €9,024 | ▼ 73.6% |
| Amounts payable within one year42/48 | €50,564 | €38,871 | €120,117 | €126,784 | €101,211 | €106,144 | €162,919 | €120,766 | ▼ 25.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,798 | €28,373 | €38,674 | €39,911 | €25,197 | ▼ 36.9% |
| Financial debts43 | - | - | - | €50,000 | €50,000 | €45,000 | €45,000 | €45,000 | = |
| Other loans439 | - | - | - | €50,000 | €50,000 | €45,000 | €45,000 | €45,000 | = |
| Trade debts44 | €3,426 | €2,767 | €4,698 | €3,662 | €4,632 | €6,013 | €326 | €4,147 | ▲ 13× |
| Suppliers440/4 | - | - | - | €3,662 | €4,632 | €6,013 | €326 | €4,147 | ▲ 13× |
| Advances received on contracts in progress46 | - | - | - | €25,000 | - | €2,550 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €11,009 | €18,207 | €13,907 | €15,182 | €9,920 | ▼ 34.7% |
| Taxes450/3 | - | - | - | €11,009 | €18,207 | €13,907 | €15,182 | €9,920 | ▼ 34.7% |
| Other amounts payable47/48 | - | - | - | €10,315 | - | - | €62,499 | €36,501 | ▼ 41.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €3,000 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,136 | €6,545 | €1,874 | €19,825 | €11,231 | €3,226 | €7,453 | €7,521 | ▲ 0.9% |
| + Depreciation and write-downs630 | - | €20,211 | €20,422 | €18,785 | €15,504 | €20,178 | €22,477 | €29,853 | ▲ 32.8% |
| Operating cash flow (approximation) | €3,136 | €26,755 | €22,296 | €38,610 | €26,736 | €23,404 | €29,930 | €37,374 | ▲ 24.9% |
| Investment in fixed assets (approximation) | - | -€953 | -€171,754 | -€6,323 | -€2,740 | -€21,250 | -€6,104 | -€2,000 | ▲ 67.2% |
| Change in cash | - | -€1,445 | -€125 | €168 | €2,374 | -€1,169 | €24,194 | -€20,811 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00429407 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00440492 |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00400454 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00380777 |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20179977 |
| 31-12-2020 | abbreviated format | 18-07-2021 | 2021-37000105 |
| 31-12-2019 | micro format | 22-07-2020 | 2020-32500097 |
| 31-12-2018 | micro format | 28-07-2019 | 2019-39600093 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40400427 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-53400572 |
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Of the 5,753 active companies whose main activity is activities of head offices (NACE 70100), figures are known for 3,672. 2,298 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.