VIK CONSTRUCT
Annual accounts 2024
micro format, filed on 30-08-2025, 30 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 6 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €95,000 and €320,000.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €208,750 on 31-12-2024Change in equityin euro
Change in cashin euro
Position in the sector
Solvency8.9%
Higher than 21% of 6,612 companies in 2024.
Current ratio1.48
Higher than 56% of 6,329 companies in 2024.
Return on assets-4.0%
Higher than 23% of 6,390 companies in 2024.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
Total assets20/58 |
208,750 | 115,839 | 108,899 | 36,363 | |
Fixed assets21/28 |
127,300 | 65,255 | 74,500 | 641 | |
Tangible fixed assets22/27 |
118,300 | 65,255 | 74,500 | 641 | |
Land and buildings22 |
- | - | - | 641 | |
Furniture and vehicles24 |
118,300 | 65,255 | 74,500 | - | |
Financial fixed assets28 |
9,000 | - | - | - | |
Current assets29/58 |
81,450 | 50,585 | 34,399 | 35,722 | |
Amounts receivable after more than one year29 |
4,935 | - | - | - | |
Other amounts receivable291 |
4,935 | - | - | - | |
Amounts receivable within one year40/41 |
69,419 | 44,614 | 34,320 | 29,070 | |
Trade receivables40 |
- | 2,511 | 17,833 | 24,005 | |
Other amounts receivable41 |
69,419 | 42,103 | 16,487 | 5,065 | |
Cash at bank and in hand54/58 |
6,018 | 5,737 | 79 | 52 | |
Deferred charges and accrued income490/1 |
1,078 | 234 | - | 6,600 | |
| Balance sheet: equity and liabilities | |||||
Total equity and liabilities10/49 |
208,750 | 115,839 | 108,899 | 36,363 | |
Equity10/15 |
18,652 | 27,015 | 16,827 | 16,311 | |
Contributions10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
Profit (loss) carried forward14 |
13,652 | 22,015 | 11,827 | 11,311 | |
Amounts payable17/49 |
190,098 | 88,825 | 92,072 | 20,052 | |
Amounts payable after more than one year17 |
135,070 | 38,067 | 45,567 | - | |
Financial debts170/4 |
135,070 | 38,067 | 45,567 | - | |
Amounts payable within one year42/48 |
55,028 | 50,758 | 46,505 | 20,052 | |
Current portion of amounts payable after more than one year42 |
- | 7,233 | 22,095 | - | |
Financial debts43 |
2,069 | - | - | - | |
Other loans439 |
2,069 | - | - | - | |
Trade debts44 |
33,265 | 32,799 | 24,410 | 20,052 | |
Suppliers440/4 |
33,265 | 32,799 | 24,410 | 4,004 | |
Bills of exchange payable441 |
- | - | - | 16,048 | |
Taxes, remuneration and social security45 |
19,695 | 10,726 | - | - | |
Taxes450/3 |
11,204 | 10,726 | - | - | |
Remuneration and social security454/9 |
8,490 | - | - | - | |
| Income statement | |||||
Gross operating margin9900 |
23,192 | 29,869 | 5,124 | 12,887 | |
Remuneration, social security and pensions62 |
66 | 720 | - | 606 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
25,729 | 12,452 | 641 | 641 | |
Other operating charges640/8 |
5,248 | 3,299 | 996 | 292 | |
Operating profit (loss)9901 |
-7,852 | 13,398 | 3,488 | 11,347 | |
Financial income75/76B |
- | 0 | - | - | |
Recurring financial income75 |
- | 0 | - | - | |
Financial charges65/66B |
511 | 3,211 | 2,971 | 36 | |
Recurring financial charges65 |
511 | 3,211 | 2,971 | 36 | |
Profit (loss) for the period before taxes9903 |
-8,363 | 10,187 | 516 | 11,311 | |
Profit (loss) for the period9904 |
-8,363 | 10,187 | 516 | 11,311 | |
Profit (loss) for the period to be appropriated9905 |
-8,363 | 10,187 | 516 | 11,311 | |
| Appropriation of the result | |||||
Profit (loss) to be appropriated9906 |
13,652 | 22,015 | 11,827 | 11,311 | |
Profit (loss) brought forward from the previous period14P |
22,015 | 11,827 | 11,311 | - | |
| Document | |||||
The notes to these accounts have 9 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 2024 (PDF), filed on 30-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| EBITDA | 17,877 | 25,850 | 4,128 | 11,988 | |
| Cash flow | 17,366 | 22,639 | 1,157 | 11,952 | |
| Investment in fixed assets | 87,774 | 3,206 | 74,500 | 1,281 | |
| Change in cash | 281 | 5,658 | 27 | - | |
| Working capital | 26,422 | -174 | -12,106 | 15,670 | |
| Solvency | 8.9% | 23.3% | 15.5% | 44.9% | |
| Current ratio | 1.48 | 1.00 | 0.74 | 1.78 | |
| Debt to equity | 10.19 | 3.29 | 5.47 | 1.23 | |
| ROE | -44.8% | 37.7% | 3.1% | 69.3% | |
| ROA | -4.0% | 8.8% | 0.5% | 31.1% | |
| Interest coverage | 35.01 | 8.05 | 1.39 | over 100 |
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.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €78,774 | €3,206 | €74,500 | €1,281 |
| Financial fixed assets | €9,000 | - | - | - |
| Depreciation and write-downs of the year | €25,729 | €12,452 | €641 | €641 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on VIK CONSTRUCT
The operating result for 2024 is a loss of €7,852, after a profit of €13,398 in 2023. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 76.7% to 91.1%. Equity is lower and debt is higher.