VIKNAVA
ActiveFinancials · financial year 2024, micro format
2025 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 4 November 2026.
Annual accounts 2024 filed on 25-10-2025 PDF all 24 filings
Turnover
€452,478▼ 7.2%
2019 · €487,461
EBIT margin
12.1%▲ 9.1pp
2019 · 2.9%
Net result
€985▼ 94.9%
2023 · €19,383
Working capital
-€158,060▼ 28.4%
2023 · -€123,144
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
€31,128
▼ 39.5%
2024
20182024
Net result
€985
▼ 94.9%
2024
middle half of the sector
20182024
EBIT margin
no figure
2024
20182024
Equity
€200,859
▲ 0.5%
2024
highest quarter of the sector
20182024
Total assets
€1.0m
▼ 1.3%
2024
highest quarter of the sector
20182024
Debt
€813,645
▼ 1.7%
2024
20182024
Working capital
-€158,060
▼ 28.4%
2024
lowest quarter of the sector
20182024
Solvency
19.8%
▲ 0.3pp
2024
middle half of the sector
20182024
Current ratio
0.75
▼ 0.04
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
0.1%
▼ 1.8pp
2024
middle half of the sector
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€0.5m-€0.5m▲ 3.2%€0.5m▼ 7.2%
Operating result€0.06m-€0.01m▼ 77.0%€0.05m▲ 282%€0.03m▼ 40.8%€0.05m▲ 41.8%€0.05m▲ 12.3%€0.03m▼ 39.5%
Net result€0.03m--€0.005m€0.03mabove the sector's middle half€0.004mwithin the sector's middle half▼ 87.7%€0.02mwithin the sector's middle half▲ 347%€0.02mwithin the sector's middle half▲ 13.5%€0.001mwithin the sector's middle half▼ 94.9%
EBIT margin13.1%-2.9%▼ 10.2pp12.1%▲ 9.1pp
Equity€0.1m-€0.1m▼ 3.9%€0.2mabove the sector's middle half▲ 24.2%€0.2mabove the sector's middle half▲ 2.4%€0.2mabove the sector's middle half▲ 10.5%€0.2mabove the sector's middle half▲ 10.7%€0.2mabove the sector's middle half▲ 0.5%
Total assets€1.1m-€1.0m▼ 10.1%€1.0mabove the sector's middle half▲ 2.7%€1.0mabove the sector's middle half▼ 6.5%€1.0mabove the sector's middle half▼ 0.3%€1.0mabove the sector's middle half▲ 5.7%€1.0mabove the sector's middle half▼ 1.3%
Debt€1.0m-€0.9m▼ 10.9%€0.9m▼ 0.4%€0.8m▼ 8.1%€0.8m▼ 2.5%€0.8m▲ 4.5%€0.8m▼ 1.7%
Working capital-€0.1m--€0.1m▼ 3.2%-€0.1mbelow the sector's middle half▲ 19.1%-€0.1mbelow the sector's middle half▼ 1.9%-€0.1mbelow the sector's middle half▲ 7.7%-€0.1mbelow the sector's middle half▼ 12.9%-€0.2mbelow the sector's middle half▼ 28.4%
Solvency11.8%-12.6%▲ 0.8pp15.3%within the sector's middle half▲ 2.6pp16.7%within the sector's middle half▲ 1.5pp18.6%within the sector's middle half▲ 1.8pp19.5%within the sector's middle half▲ 0.9pp19.8%within the sector's middle half▲ 0.3pp
Current ratio0.69-0.63▼ 0.050.74below the sector's middle half▲ 0.100.73below the sector's middle half▼ 0.010.77below the sector's middle half▲ 0.040.78below the sector's middle half▲ 0.020.75below the sector's middle half▼ 0.04
Return on assets (ROA)3.1%--0.5%▼ 3.6pp3.0%within the sector's middle half▲ 3.5pp0.4%within the sector's middle half▼ 2.6pp1.8%within the sector's middle half▲ 1.4pp1.9%within the sector's middle half▲ 0.1pp0.1%within the sector's middle half▼ 1.8pp
Staff (FTE)11=
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 39% lower than in 2023 and the lowest since 2020.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€550,348 ▼ 5.0%
Current assets
€464,156 ▲ 3.6%
Equity and liabilities €1.0m
Equity
€200,859 ▲ 0.5%
Debt
€813,645 ▼ 1.7%
Debt's share of the balance-sheet total falls from 80.5% to 80.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,340▼
2023 · €80,628
Cash flow
€30,197▼
2023 · €48,595
Quick ratio
0.19▼
2023 · 0.29
Debt to equity
4.05▼
2023 · 4.14
ROE
0.5%▼
2023 · 9.7%
Interest coverage
2.27▼
2023 · 3.36
Debt ≤ 1 year
€622,216▲
2023 · €571,167
Debt > 1 year
€191,429▼
2023 · €256,542
Income taxes
€3,617▼
2023 · €8,047
Staff costs
€423▼
2023 · €1,195
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 1 | 1 |
| Joined | 1 | 0 |
| Left | 0 | 1 |
| Training hours | 1,092 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Overdue tax debts | - | - | €10,848 | €61,539 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Mortgages, amount registered | €363,000 | €363,000 | €363,000 | €363,000 |
| Carrying value of the mortgaged assets | €661,483 | €608,772 | €579,560 | €550,348 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Financial fixed assets | €175 | - | - | - |
| Depreciation and write-downs of the year | €52,711 | €52,711 | €29,212 | €29,212 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €472,331 | €487,461 | €452,478 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €8,053 | €5,126 | €1,195 | €423 | ▼ 64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,987 | €57,984 | €52,712 | €52,711 | €52,711 | €29,212 | €29,212 | = |
| Other operating charges640/8 | - | - | - | €4,167 | €5,581 | €6,049 | €11,949 | ▲ 97.5% |
| Gross operating margin9900 | €143,145 | €76,871 | €116,269 | €97,223 | €109,192 | €87,872 | €72,712 | ▼ 17.3% |
| Operating profit (loss)9901 | €61,986 | €14,263 | €54,552 | €32,292 | €45,774 | €51,416 | €31,128 | ▼ 39.5% |
| Financial income75/76B | - | - | - | €17 | - | €36 | €50 | ▲ 38.9% |
| Recurring financial income75 | €114 | €156 | €49 | €17 | - | €36 | €50 | ▲ 38.9% |
| Financial charges65/66B | - | - | - | €26,727 | €15,924 | €24,022 | €26,576 | ▲ 10.6% |
| Recurring financial charges65 | €27,564 | €18,617 | €17,542 | €26,727 | €15,924 | €24,022 | €26,576 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €34,536 | -€4,198 | €37,059 | €5,582 | €29,850 | €27,430 | €4,602 | ▼ 83.2% |
| Income taxes67/77 | - | €1,045 | €5,931 | €1,759 | €12,768 | €8,047 | €3,617 | ▼ 55.1% |
| Profit (loss) for the period9904 | €34,536 | -€5,243 | €31,128 | €3,823 | €17,082 | €19,383 | €985 | ▼ 94.9% |
| Profit (loss) for the period to be appropriated9905 | €34,536 | -€5,243 | €31,128 | €3,823 | €17,082 | €19,383 | €985 | ▼ 94.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 1.3% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 5.0% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 5.0% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 5.0% |
| Financial fixed assets28 | - | - | - | €175 | €175 | - | - | - |
| Current assets29/58 | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 3.6% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 20.7% |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 20.7% |
| Amounts receivable within one year40/41 | €0.1m | €0.03m | €0.1m | €0.05m | €0.03m | €0.2m | €0.1m | ▼ 31.6% |
| Trade receivables40 | - | - | - | €0.05m | €0.03m | €0.2m | €0.1m | ▼ 30.7% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.002m | €0.002m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.004m | €0.01m | €0.02m | €0.02m | €0.002m | €0.005m | ▲ 157% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.004m | €0.008m | ▲ 92.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▼ 1.3% |
| Equity10/15 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 0.5% |
| Profit (loss) carried forward14 | - | -€0.005m | - | - | - | - | - | - |
| Amounts payable17/49 | €1.0m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 1.7% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 25.4% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 25.4% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.07m | €0.08m | €0.08m | ▲ 5.7% |
| Financial debts43 | - | - | - | €12 | €0.05m | €0.1m | €0.1m | ▲ 1.4% |
| Credit institutions430/8 | - | - | - | €12 | €0.05m | €0.1m | €0.1m | ▲ 1.4% |
| Trade debts44 | €0.03m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 25.1% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 25.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.03m | €0.07m | ▲ 162% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.03m | €0.07m | ▲ 162% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 12.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,536 | -€5,243 | €31,128 | €3,823 | €17,082 | €19,383 | €985 | ▼ 94.9% |
| + Depreciation and write-downs630 | €73,987 | €57,984 | €52,712 | €52,711 | €52,711 | €29,212 | €29,212 | = |
| Operating cash flow (approximation) | €108,523 | €52,741 | €83,840 | €56,534 | €69,793 | €48,595 | €30,197 | ▼ 37.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€175 | €0 | €175 | €0 | ▼ 100% |
| Change in cash | - | -€11,669 | €10,300 | €1,737 | €8,099 | -€22,027 | €2,994 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as VIKNAVA has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
96.9%
was still going
1.9%
stopped otherwise
1.1%
went bankrupt
The bankruptcy probability of VIKNAVA itself is higher: 2.2% within 12 months. It rests on far more data about VIKNAVA than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 4,685 companies, not a prediction for VIKNAVA. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 25-10-2025 | 2025-00555314 | |
| 31-12-2023 | micro format | 20-10-2024 | 2024-00510968 | |
| 31-12-2022 | micro format | 11-09-2023 | 2023-00447085 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20228441 | |
| 31-12-2020 | micro format | 02-11-2021 | 2021-76100126 | |
| 31-12-2019 | micro format | 13-10-2020 | 2020-60900290 | |
| 31-12-2018 | micro format | 03-10-2019 | 2019-68000145 | |
| 31-12-2017 | micro format | 03-08-2018 | 2018-42600533 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-23700092 | |
| 31-12-2015 | full format | 02-02-2017 | 2017-03800531 |