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Vikarth

Active Public limited companyfounded 2006active for 19 yearsGrote Leiestraat 201, 8570 AnzegemKBO/BCE: BE 0885.664.438 #10 company by total assets in Anzegem, Real estate sector
Vikarth
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Overview

Lifetime

19 annual accounts with figures on one time axis
peak €1.1m (2021)
€524,049▲ 5.4%
lowest -€506 (2007)
€18,830▼ 74.3%
peak €2.5m (2025)
€2.5m▲ 0.6%
€6.3m▲ 16.4%
peak 1 FTE (2016)
0 FTE 
Board3 names since 2006
2 directorsVERHAEGHE Stéphane and 1 other
Owners2 names in the annual accounts
  
Documentsfilings and deeds
09-07-202622 days before the deadline
2025financial year
Result from €73,233 to €18,830Reappointment: VERHAEGHE Stéphane (managing director) 26-06Debts from €5.5m to €6.3mInvestments €876,835Cash from €73,582 to €977

Key points

from the 2025 annual accounts

Equity

€2.5m ▲ 0.6%

Vikarth has made a profit without a break since 2008.

Result

€18,830 ▼ 74.3%
€73,2002024€18,8002025

The result fell in 2025 from €73,233 to €18,830.

Turnover

≈ €930,000 estimated

The accounts state no turnover.

Debts

€6.3m 71% of the balance sheet
Financial debts 63%Suppliers 2%Taxes and wages 2%Other 33%

€4.0m of the debts are secured on the company's own assets. In 2021 that was €3.4m.

Investments

€982,394 7.2 × depreciation
2021202220232025

Green is investment, beige is depreciation. Land and buildings stand 19.3% higher than in 2024.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

Four of the last ten came late. The 2022 accounts came latest: 42 days after the end of the period.

Checked score

85
Excellent
Financially stronger than 36% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.5%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%▼ -0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.5 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Weak

54-3equity 28.5% of total assets
31=short-term debt 40.4% · cash 0.0%
33-1return on assets 0.2%

Score breakdown

raises risk
Liquidity: current ratio 1.27, cash €977, halved
lowers risk
Size: total assets €8.9m
Founded in 2006
Figures for financial year 2025 (filed on 09-07-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 49% of them on solvency, 24% on liquidity, 26% on profitability and 47% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 290 companies had the same profile as Vikarth has now. Each dot is one company, two years later.

96.9%
were still trading
3.1%
stopped another way
0.0%
went bankrupt
  • Medium-sized
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of Vikarth itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 290 companies, not a prediction for Vikarth. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €210,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.27 (1.3 in 2024), below the usual 1.5. Short-term debt is 40.4% and cash 0% of total assets. 71.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.27, cash €977, halved
NBB · annual accounts
lowers risk · Size: total assets €8.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2006
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 09-07-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
21 days early
2023
1 day late
2022
42 days late
2021
16 days late
2020
3 days early
2019
22 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VS
VERHAEGHE Stéphane
Managing director
GG
GROEP G & S
Director, DEFEYTER Griet
  • Griet DEFEYTER 50%annual accounts 2016
  • Stéphane VERHAEGHE 50%annual accounts 2016

Shares in 3 companies, including Groep VD and DELVERMA

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0885664438
Reappointment: VERHAEGHE Stéphane (managing director) Gazette deed
2 directors reappointed VERHAEGHE Stéphane and GROEP G & S · Permanent representative: DEFEYTER Griet · “Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van…” (deed in Dutch) · Gazette deed
Environmental permit granted Verwijderen van vrijstaande gebouwen · Anzegem
All 33 events

Comparable companies

same main activity, similar in size and age
Company
Vikarth Anzegem €8.9m €0.5m 28.5% 0
GADEMO Moorslede €6.6m €0.3m 92.3% 0
Acotex Deinze €6.5m €0.5m 95.7% 0
ROUPPEPLEIN Brussels €5.6m €0.5m 21.5% 0
DOMUS HABITARE VASTGOED Beringen €7.0m €0.8m 37.5% 0
ENJOY BUILDING Veurne €5.1m €0.4m 4.1% 0
V.D.V.B.-IMMO Knokke-Heist €6.4m €1.5m 39.2% 0

These companies have the same main activity as Vikarth: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €5.1m and €7m, founded between 2001 and 2012.

Official details

Source: KBO
Status
Active since 14-12-2006Normal situation
Registered office
11 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
Activity
Buying and selling of own real estateNACE 68110and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2022
Establishment unit
2.159.122.1098570 Anzegem, since 01-02-2007
Financial year end
31 December
Peppol
Reachable since 12-11-2025
Company details

Annual accounts 2025

€524,049▲ 5.4%
€18,830▼ 74.3%
€2.5m▲ 0.6%
€8.9m▲ 11.4%
Filing
Filed on 09-07-2026, 22 days before the end of the filing period
Financials

Companies linked to Vikarth

Insights on Vikarth

Vikarth has existed since 2006. The gross margin fell from €1.1m in 2021 to €328,707 in 2022.

The gross margin has grown every year since 2022.

In June 2025, the Official Gazette published the appointment of VERHAEGHE Stéphane as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 09-07-2026, 22 days before the deadline
€524,049
▲ 5.4%
€241,544
▼ 35.2%
€377,167
▼ 20.3%
€154,452
▼ 11.0%
28.5%
▼ 3.1 percentage points
1.27
▼ 0.02

The turnover shown is an estimate from the gross margin.

Turnover ≈ €930,000. Estimated: probably between €700,000 and €1.5m.

In the rankings #10 company by total assets in Anzegem, Real estate sector#10 company by equity in Anzegem, Real estate sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €8.9m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

28.5%

Higher than 41% of 5,810 companies in 2025.

1.27

Higher than 50% of 5,561 companies in 2025.

0.2%

Higher than 42% of 5,784 companies in 2025.

Vikarth Middle half of the sector 80% of the sector Full accounts in real estate (NACE 68)

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

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 8.9m8.0m7.9m8.0m7.3m6.0m6.4m5.4m3.2m4.1m4.0m3.9m3.0m2.2m2.0m2.0m1.2m965,818893,960
21/28 4.3m3.6m3.7m3.8m3.1m2.9m2.9m1.8m1.5m1.8m1.4m1.6m1.7m1.7m1.8m1.4m1.0m660,349623,188
22/27 4.2m3.5m3.6m3.6m2.9m2.8m2.8m1.6m1.4m1.7m1.3m1.5m1.6m1.6m1.7m1.3m914,228557,224520,063
22 3.8m3.2m3.3m3.2m2.5m2.4m2.4m1.4m1.2m1.3m1.3m1.5m1.6m1.6m1.7m1.3m914,228557,224520,063
24 1531,0951,4929551,0911,2271,5592,0871,6361,7731,9092,0452,1822,3182,4552,591---
25 ----5,050--------------
26 217,700217,700217,700217,700217,700217,700217,700217,700215,000413,723---------
27 187,72566,37766,377248,363146,063146,063146,063------------
28 80,09880,19280,192167,942166,311166,311166,311166,311115,397115,397107,775107,775107,775107,775107,775103,125103,125103,125103,125
280/1 ---------7,622---------
280 ---------7,622---------
282/3 ---------107,775---------
282 ---------107,775---------
29/58 4.6m4.4m4.2m4.1m4.2m3.1m3.4m3.6m1.6m2.3m2.6m2.3m1.4m493,456172,228620,909214,103305,469270,771
29 121,856118,307117,369153---482,156470,708630,296809,252873,856665,697237,98766,690464,63918,05182,098102,000
291 121,856118,307117,369153---482,156470,708630,296809,252873,856665,697237,98766,690464,63918,05182,098102,000
3 4.2m4.2m3.8m4.1m4.2m3.0m2.6m2.6m879,8221.3m1.7m1.2m-219,000--71,93171,93171,931
30/36 4.2m4.2m3.8m4.1m4.2m3.0m2.6m2.6m879,8221.3m1.7m1.2m-219,000--71,93171,93171,931
35 ---------1.3m---------
40/41 253,20812,306274,19119,39914,57232,120813,970500,926250,193289,12653,551104,752612,57333,097100,539155,06576,58072,31296,505
40 1,81211,398274,19119,3991,29532,120119,335370,665120,18251,8995,66317,179--12,100---127
41 251,396907--13,277-694,635130,261130,012237,22747,88887,573612,57333,09788,439155,06576,58072,31296,377
50/53 ---------9,00012,53536,00075,000---35,00075,000-
51/53 ---------9,000---------
54/58 97773,5823,4188,0833,4771,2697,2713,36021,8218,1213,4731382383,3723,7891,20512,5414,128336
490/1 8,22512,4385,6523,1313,4212,15913,5081,9135611,916202---1,209----
Balance sheet: equity and liabilities
10/49 8.9m8.0m7.9m8.0m7.3m6.0m6.4m5.4m3.2m4.1m4.0m3.9m3.0m2.2m2.0m2.0m1.2m965,818893,960
10/15 2.5m2.5m2.5m2.4m2.3m1.9m1.7m1.5m1.7m1.5m1.3m1.2m652,035548,664519,416511,719405,355346,344253,147
10/11 130,000130,000130,000130,000130,000130,000130,000130,000371,560371,560371,560371,560130,000130,000130,000130,000130,000130,000130,000
10 130,000130,000130,000130,000130,000--------------
100 130,000130,000130,000130,000130,000130,000130,000130,000371,560371,560371,560371,560130,000130,000130,000130,000130,000130,000130,000
13 2.4m2.4m2.3m2.3m2.1m1.8m1.6m1.3m1.3m1.1m883,721762,368427,775317,490281,433266,927154,88593,715-
130/1 13,00013,00013,00013,00013,00013,000-------------
130 13,00013,00013,00013,00013,00013,00013,00013,00037,15637,15637,15637,15613,00013,00013,00013,00013,00013,000-
132 -------124,000214,000228,279228,279360,000187,500------
133 2.4m2.4m2.3m2.3m2.1m1.7m1.5m1.2m1.0m839,723618,286365,212227,275304,490268,433253,927141,88580,715-
14 -------------------506
15 12,86417,14221,42125,69930,03934,37937,15142,02243,95748,52353,08957,65594,260101,174107,983114,792120,470122,629123,653
16 4,2885,7147,1408,56610,01311,46015,60517,65155,63446,98538,33729,688-------
160/5 --------33,00022,00011,000--------
162 --------33,00022,000---------
168 4,2885,7147,1408,56610,01311,46015,60517,65122,63424,98527,33729,688-------
17/49 6.3m5.5m5.5m5.5m5.0m4.1m4.6m3.9m1.4m2.5m2.7m2.6m2.4m1.7m1.4m1.5m826,101619,473640,813
17 2.8m2.1m2.3m1.9m1.2m1.5m1.7m1.7m810,0291.2m1.2m1.3m1.6m1.5m1.2m766,154661,415465,186495,815
170/4 737,590404,027442,333479,900325,160380,515182,252225,431139,876195,923268,643379,259485,418469,251530,895589,622645,571452,214483,315
173 ---------195,923---------
178/9 2.0m1.7m1.8m1.4m876,3751.2m1.5m1.4m670,1541.0m907,224914,4041.1m1.1m647,442176,53215,84412,97212,500
42/48 3.6m3.4m3.2m3.6m3.8m2.5m2.9m2.2m605,8441.3m1.5m1.3m766,203112,013257,288718,043161,530151,131141,998
42 59,72838,30740,86440,36058,04764,86843,17969,14356,04888,163110,616106,15998,83366,64857,12557,69653,30331,10130,831
43 3.3m3.2m3.0m3.2m3.3m2.2m2.5m2.1m500,000930,027844,524642,56430527,25655,000350,0007--
430/8 3.3m3.2m3.0m3.2m3.3m2.2m2.5m2.1m500,000930,027844,524642,56430527,25655,000350,0007--
44 129,83914,9012,14271,8062,35334,023322,6448,1113,481210,964384,728356,945210,9623,267117,836156,4124,106106,798109,095
440/4 129,83914,9012,14271,8062,35334,023322,6448,1113,481210,964384,728356,945210,9623,267117,836156,4124,106106,798109,095
46 -----------22,038---9,62011,739--
45 115,18626,74429,963152,433405,255164,51755,22730,87446,31531,950101,47982,329129,72914,15521,85064,4875,37812,34083
450/3 115,18626,74429,963152,433405,255157,25847,03827,59429,00225,902101,47982,329129,72914,15521,85064,4875,37812,34083
454/9 -----7,2598,1893,27917,3136,047---------
47/48 4,05066,03563,49561,05358,70556,447-962-4,40444,844123,654326,3746885,47779,82886,9978921,990
492/3 2662,11024,72516,2575,9664,0323,7383,7824,2505,9723,4743,4433,4352,2063,3094,0283,1563,1563,000
Income statement
70/76A ---------1.2m---------
70 ---------996,071---------
76A --018--69,175---148,396208,160348,447-2,05164,663-10,000-
9900 524,049497,405363,402328,7071.1m586,525321,766308,428696,625-426,572550,729304,997206,489164,228285,196220,075127,87546,150
60/66A ---------806,259---------
60 ---------575,977---------
600/8 ---------207,084---------
609 ---------368,893---------
61 ---------43,775---------
62 ----6,32856,72464,85839,05449,01149,400---------
630 135,622100,26296,493123,929457,63892,026145,36380,877268,03399,069144,31069,31069,27168,22568,22556,92221,59010,2372,938
631/4 ---------750-750--------
635/8 --------33,00011,00011,00011,000--------
640/8 41,41724,34234,24234,43214,75410,2496,64143,42815,39827,03955,91221,8679,4904,24218,2801,5041,5032,372127
66A 105,466----28,311-8,53612,700-1,257--1,130----110,000
9901 241,544372,801232,667170,346630,075399,215104,904178,068341,233385,113214,600459,552226,237134,02277,722226,770196,982115,26543,084
75/76B 8,44911,49833,916149,3404,35726,046258,1195,3798,8634,3973,94050422,4491,8581,8781,4574,2478,37377,311
75 8,44911,49833,916149,3404,35726,046258,1195,3798,8634,3973,94050422,4491,8581,8781,4574,2478,37377,311
751 ---------4,147---------
752/9 ---------250---------
65/66B 225,325287,668249,302160,553138,463165,559135,40978,91289,451102,226145,367197,186120,22786,16464,14842,18229,18927,09910,902
65 224,025287,668249,302160,553132,663165,559135,40970,37689,451102,226145,367197,186120,22786,16464,14842,18229,18927,09910,902
650 ---------87,327---------
652/9 ---------14,898---------
66B 1,300---5,800--8,536-----------
9903 24,66996,63117,281159,134495,969259,702227,614104,535260,644287,285220,311471,030476,90648,58517,503250,708172,040106,539-506
780 1,4261,4261,4261,4471,447--------------
67/77 7,26524,82405,161121,90364,913-2,36648,877103,89768,199101,309136,43798,22112,5292,99752,66524,87112,317-
670/3 ---------68,199---------
9904 18,83073,23318,707155,420375,512196,519232,02757,704159,099221,437121,354334,593378,68536,05714,506198,043147,16994,221-506
789 ------124,00090,00014,279-255,721--------
689 ----------124,000172,500187,500------
9905 18,83073,23318,707155,420375,512196,519356,027147,704173,378221,437253,075162,093191,18536,05714,506198,043147,16994,221-506
Appropriation of the result
9906 18,83073,23318,707155,420375,512196,519356,027147,704173,378221,437253,075162,093191,18536,05714,506198,043147,16993,715-506
791/2 ------------268,400------
691/2 18,83073,23318,707155,420375,512196,519356,027147,704173,378221,437253,075162,093191,18536,05714,506112,04361,16993,715-
6920 -----------24,156-----13,000-
6921 18,83073,23318,707155,420375,512196,519356,027147,704173,378221,437253,075137,937191,18536,05714,506112,04361,16980,715-
694/7 ------------268,400--86,00086,000--
694 ------------268,400------
695 ---------------86,00086,000--
Social balance sheet
9087 0-0-0.90.80.90.811---------
Men (FTE)1003 ---------1---------
Hours worked1013 ----4401,4051,5901,1681,6161,800---------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 25 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 09-07-2026.

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
31-12-2025 full format 09-07-2026 2026-00274403 PDF
31-12-2024 abbreviated format 10-07-2025 2025-00261403 PDF
31-12-2023 abbreviated format 01-08-2024 2024-00324015 PDF
31-12-2022 abbreviated format 11-09-2023 2023-00448069 PDF
31-12-2021 abbreviated format 16-08-2022 2022-20298219 PDF
31-12-2020 abbreviated format 28-07-2021 2021-42000094 PDF
31-12-2019 abbreviated format 09-07-2020 2020-28000443 PDF
31-12-2018 abbreviated format 12-07-2019 2019-32000601 PDF
31-12-2017 abbreviated format 25-07-2018 2018-38500584 PDF
31-12-2016 full format 31-08-2017 2017-58100432 PDF
31-12-2015 abbreviated format 22-08-2016 2016-44700228 PDF
31-12-2014 abbreviated format 19-08-2015 2015-43600285 PDF
31-12-2013 abbreviated format 19-06-2014 2014-18600204 PDF
31-12-2012 abbreviated format 07-06-2013 2013-15500503 PDF
31-12-2011 abbreviated format 05-06-2012 2012-14300315 PDF
31-12-2010 abbreviated format 01-06-2011 2011-13300464 PDF
31-12-2009 abbreviated format 17-06-2010 2010-18200073 PDF
31-12-2008 abbreviated format 20-05-2009 2009-15200225 PDF
31-12-2007 abbreviated format 30-05-2008 2008-16600286 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
377,167473,063329,160294,2751.1m491,241250,268258,945609,266484,183358,910528,861295,508202,247145,948283,692218,572125,50246,023
154,452173,495115,199279,348833,150288,545377,390138,581427,132320,506265,663403,902447,955104,28282,732254,965168,759104,4592,432
983,6000307,833851,840614,69090,8541.3m377,7960459,705078112,6350475,312418,605378,59447,398626,127
-72,60470,163-4,6654,6062,209-6,0033,911-18,46113,7004,6483,335-100-3,134-4182,585-11,3378,4133,793-
980,9101.0m1.1m577,754428,079549,636521,4891.4m1.0m988,8611.1m925,643587,304381,443-85,060-97,13452,573154,338128,773
---------38.7%---------
28.5%31.6%31.0%30.7%31.2%32.0%27.0%27.7%53.2%37.6%32.6%30.9%21.6%24.8%26.5%25.6%32.9%35.9%28.3%
1.271.301.341.161.111.221.181.632.681.781.731.691.774.410.670.861.332.021.91
0.110.060.130.010.010.010.290.451.230.740.590.761.772.450.670.860.881.551.40
2.502.162.232.262.202.122.692.600.851.632.042.213.623.032.772.912.041.792.53
0.7%2.9%0.8%6.4%16.4%10.3%13.5%3.9%9.5%14.5%9.3%28.1%58.1%6.6%2.8%38.7%36.3%27.2%-0.2%
0.2%0.9%0.2%2.0%5.1%3.3%3.6%1.1%5.0%5.5%3.0%8.7%12.6%1.6%0.7%9.9%12.0%9.8%-0.1%
1.681.641.321.838.20----5.54---------
---------19 days---------
---------124 days---------

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.

Social balance sheet

Item31-12-202231-12-2021
Employees at the balance-sheet date-1
full-time-1
in full-time equivalents-1
-0.9
On a permanent contract-1
Joined0-
Left1-

Source: social balance sheet in the 2021 to 2022 annual accounts

Overdue debts

tax and social security
Item20252024202320222021
Overdue tax debts--€2,100--

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€4.0m€3.7m€3.5m€3.8m€3.4m
Mortgages, amount registered€347,500€322,500€320,000€320,000€267,500
€6.5m€6.1m€6.1m€4.4m€3.9m
Carrying value of the mortgaged assets€6.9m€6.3m€6.4m€6.1m€4.9m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€982,394-€307,833€850,056€614,690
Financial fixed assets€1,206--€1,784-
€135,622€100,262€96,493€123,929€457,638

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Vikarth

The operating result for 2025 is 35% lower than in 2024.

Debt's share of the balance-sheet total rises from 68.3% to 71.4%. Equity and debt are higher.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2023
GROEP G & S
Director, permanent representative DEFEYTER Griet
in office according to the deed of 07-12-2023
listed in the 2025 annual accounts, filed on 09-07-2026
VERHAEGHE Stéphane
Director and managing director
director in office according to the deed of 07-12-2023 managing director in office according to the deed of 26-06-2025 6-year term from 2023
listed in the 2025 annual accounts, filed on 09-07-2026
VERHAEGHE Stéphane
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Zodra en zolang de bestuurders een college vormen gelden voor hen de verplichtingen die voortvloeien uit collegiaal bestuur, met name…”
deed of 07-12-2023
Permanent representatives 1
DEFEYTER Griet
Permanent representative, for GROEP G & S
in office according to the deed of 07-12-2023

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
VERHAEGHE Stéphane
Director, Managing director
GROEP G & S
Director
Defeyter Griet
Managing director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • VERHAEGHE Stéphane
    • Director, from 11-12-2006 to date
    • Managing director, since before 23-11-2023
  • GROEP G & S
    • Director, from 01-12-2009 to date
  • Defeyter Griet
    • Managing director, until 15-07-2019

See the board, name and registered office on a given date →

Control

Shareholder
Griet DEFEYTER
50%
This company
Vikarth
Equity €2.5m
Profit €18,830 in 2025

and 1 other shareholder

Capital

Capital
€130,000
Shares
50
Contribution per share
€2,600
Equity per share
€50,701 in 2025
Source
deed of 07-12-2023

Articles of association

deed of 07-12-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Sluiting van de jaarvergadering, zes jaar”
“Raad kiest onder zijn leden een voorzitter en eventueel één of meer ondervoorzitters, zetel of enige andere plaats aangewezen in…”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Volgplicht, aandeelhouder kan al zijn aandelen overdragen”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 11:00
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Besluit van de algemene vergadering die beraadslaagt zoals inzake statutenwijziging”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Een of meer, alle verrichtingen in wet tenzij algemene vergadering anders bij gewone meerderheid”

Shareholders

2 owners

Owners 2

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyVikarth3 holdings, 1 country 2025 accounts

Belgium 3 Equity Result

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

At the same address

Grote Leiestraat 201, 8570 Anzegem · 10 other companies
PLAN & BOUW
registered office since 08-08-1997 · founded in 1994 · group GROEP G & S
 16 FTE (2025)
0452.775.610
GROEP G & S
registered office since 13-09-2001 · founded in 2001
 turnover €4.3m (2025)
0473.943.285
GROUP DV PROJECTS
registered office since 18-03-2013 · founded in 2013
 total assets €10.8m (2025)
0504.929.540
Groep VD
registered office since 25-01-2011 · founded in 2011
 total assets €960,350 (2025)
0833.142.304
DELVERMA
registered office since 05-08-2004 · founded in 2004
 total assets €897,683 (2025)
0866.445.570
BEHEERSMAATSCHAPPIJ RUYTER
registered office since 07-07-2022 · founded in 2005 · negative equity (2025) · group GROEP G & S
 total assets €879,528 (2025)
0872.456.996
DE BRUG PROJECTS
registered office since 20-08-2021 · founded in 2021
 total assets €369,434 (2025)
0772.712.688
VVD PROJECTS
registered office since 19-10-2011 · founded in 2011
 total assets €92,661 (2025)
0839.479.867
De Vesten
registered office since 08-02-2022
 founded in 2022
0782.419.123
Lo Invest
registered office since 05-11-2008
 founded in 2008
0787.703.643

Holdings and subsidiaries

3 holdings

Holdings 3

Share, source and own figures per holding (3)

Source for every holding own accounts 2025

  • Groep VD
    Equity €409,016 Profit of €7,608 in 2025 (profit of €5,413 in 2024) Checked score 92
    50%
  • DELVERMA
    Equity €39,412 Loss of €26,037 in 2025 (loss of €20,553 in 2024) Checked score 79
    25%
  • VVD PROJECTS
    Equity €87,418 Loss of €30,202 in 2025 (loss of €5,257 in 2024) Checked score 69
    Alsodeed 15-03-2023
    25%
Holdings through the years 2007 to 2025
Holdings through the years
Name200720082009201020112012201320142015201620172018201920202021202220242025
Groep VD 100%50%
DELVERMA 25%
VVD PROJECTS 25%
BEHEERSMAATSCHAPPIJ RUYTER 0.03%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of VikarthVikarth sits on their board1
DELVERMA
Director
Founded in 2004 · total assets €897,683 (2025)

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DE BRUG PROJECTS
via DEFEYTER Griet · Director · deed of 24-08-2021
Founded in 2021 · total assets €369,434 (2025)
→

Timeline

Timeline

33 events since 2006

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 22 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0885664438
Annual accounts 2024 filed PDFabbreviated format · 21 days before the deadline
Reappointment: VERHAEGHE Stéphane (managing director)1 point ▸

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2023 filed PDFabbreviated format · 1 day late
2023
2 directors reappointedVERHAEGHE Stéphane and GROEP G & S · Permanent representative: DEFEYTER Griet · “Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van…” (deed in Dutch)6 points ▸
  • Capital, €130,000, 50 shares
  • Director reappointment, VERHAEGHE Stéphane
  • Director reappointment, GROEP G & S
  • Permanent representative, DEFEYTER Griet
  • Power of attorney, Wim Van Damme
  • Registered office clause, Grote Leiestraat 201, 8570 Anzegem
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 42 days late
2022
Environmental permit granted OmgevingsloketVerwijderen van vrijstaande gebouwen · Anzegem
Annual accounts 2021 filed PDFabbreviated format · 16 days late
2021
Equity above €2m equity €2.3m ▲19.4% After 14 profitable years in a row, equity reaches €2.3m.
Environmental permit granted OmgevingsloketBouwen of herbouwen · Gent
Annual accounts 2020 filed PDFabbreviated format · 3 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 22 days before the deadline
2019
Registered office moved to AnzegemNew registered office: Grote Leiestraat 201, 8570 Anzegem · Resignation: Griet Defeyter (managing director) · Permanent representatives: Griet Defeyter and Stéphane Verhaeghe · General meeting of 16-04-20195 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFabbreviated format · 19 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 6 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 31 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 22 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 19 days late
2014
Equity above €1m equity €1.2m ▲82.7% After 7 profitable years in a row, equity reaches €1.2m.
Annual accounts 2013 filed PDFabbreviated format · 42 days before the deadline
2013
Highest result from 2007 to 2025 net €378,685 ▲950% The net result of €378,685 is the highest of those years.
Annual accounts 2012 filed PDFabbreviated format · 54 days before the deadline
2012
Liquidity more than 6 times current ratio 4.41 The current ratio rises from 0.67 to 4.41. Short-term debt falls from €257,288 to €112,013.
Annual accounts 2011 filed PDFabbreviated format · 56 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 60 days before the deadline
2010
Equity above €500,000 equity €511,719 ▲26.2% After 3 profitable years in a row, equity reaches €511,719.
Annual accounts 2009 filed PDFabbreviated format · 44 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 72 days before the deadline
2008
Back to profit net €94,221 The net result is €94,221, after one loss-making year.
Annual accounts 2007 filed PDFabbreviated format · 62 days before the deadline
2007
First establishment Grote Leiestraat 201, Anzegem
2006
Incorporation PDFpublished on 22-12-2006

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 14 December 2006, Vikarth was incorporated.1 In 2019 the registered office moved to Anzegem.2 Total assets went from €5.4m in 2018 to €8.9m in 2025 and headcount from 0.8 full-time equivalents in 2018 to 0.9 in 2021.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 15-07-2019
  3. 3National Bank, annual accounts 2018, 2021 and 2025

Company details

Identity

Enterprise number
0885.664.438
VAT number
BE 0885.664.438
Peppol ID
0208:0885664438
Legal form
Public limited company
Status
Active, normal situation
Founded
14-12-2006
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 11:00
deed of 07-12-2023 (in Dutch)
Peppol
Reachable since 12-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Vikarth in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 07-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 07-12-2023 (in Dutch)

Activities

NACEBEL 2025
68110 Buying and selling of own real estate main activity
68203 Renting and operating of own or leased non-residential real estate, excluding land
Joint committees annual accounts 2022
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
68100 Real estate activities main activity
68203 Real estate rental
Codes under NACEBEL 2003
70120 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van…”
13 activities
  1. Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van handelsvennootschappen,administratiekantoren,instellingen en verenigingen al dan niet met een (semi)-publiekrechterlijk statuut;
  2. Het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt;
  3. Het verstrekken van leningen en voorschotten onder eender welke vorm of duur,aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit,alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen.
  4. Alle mogelijke advies en/of dienstenfuncties;
  5. Consultancy,opleiding,technische expertise en bijstand op voornoemd(e) gebied(en);
  6. Het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die op dit (die) domein(en) actief zijn,de vertegenwoordiging en het optreden als commercieel tussenpersoon.
  7. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten.
  8. Algemene bouwonderneming; onderneming voor timmer- en schrijnwerk; voor het opstellen van gebouwen (ruwbouw en onderdak zetten); voor het bouwen van stellingen,het invoegen en reinigen van gevels,warmte en geluidsisolatie,het vervaardigen en plaatsen van sierschoorsteenmantels,voor het leggen van parketvloeren en alle andere houten bedekkingen en vloeren.
  9. Het geven van adviezen en leveren van diensten op het vlak van rendementsstudies,in het domein van vastgoedontwikkeling en renovatieprojecten.
  10. Het verrichten van alle activiteiten die verband houden en verenigbaar zijn met dit beroep/deze activiteit.
  11. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten;
  12. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
  13. Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen; het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt; het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
deed of 07-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Grote Leiestraat 201 registered office 8570 Anzegem 6811001 Buying and selling of own real estate 01-02-2007 2.159.122.109

Buildings and parcels at the address

Ground area
2,298 m²
Buildings
326 m²
Volume, LiDAR
1,419 m³
Tallest building
11.6 m
Buildings to scale, each on its own parcel
326 m², 11.6 m 326 m², 11.6 m

Environmental permits

2 applications in Flanders since 2021 · 2 granted
12-10-2022 Granted Verwijderen van vrijstaande gebouwen submitted 22-08-2022 · project 2022111265 Anzegem
04-11-2021 Granted Bouwen of herbouwen submitted 16-07-2021 · project 2021112207 Gent

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
11 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34002A0381/00R0022,298 m² 1 · 326 m² 11.6 m · 1

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