VIM
ActiveSummary
VIM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,257 and a net result of -€637. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, micro schema
Equity
€151,257▲ 64.3%
2024 · €92,077
Total assets
€323,142▲ 8.1%
2024 · €298,963
Net result
-€637
2024 · €749
Working capital
-€57,003▲ 27.5%
2024 · -€78,651
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result falls in 2025; 2025 is 50% below 2024 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€3,440
2025
Net result-€637
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€323,142
2025
Equity€151,257
2025
Debt€171,885
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€57,003
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)-0.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency46.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.36
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€14,331-€15,303▲ 6.8%€16,023▲ 4.7%€8,174▼ 49.0%€12,863▲ 57.4%€4,098▼ 68.1%€6,924▲ 69.0%€3,440▼ 50.3%
Net result€9,080-€7,817▼ 13.9%€7,925within the sector's middle half▲ 1.4%€2,575within the sector's middle half▼ 67.5%€7,368within the sector's middle half▲ 186%€100within the sector's middle half▼ 98.6%€749within the sector's middle half▲ 647%-€637within the sector's middle half
Equity€65,543-€73,360▲ 11.9%€81,285below the sector's middle half▲ 10.8%€83,860within the sector's middle half▲ 3.2%€91,228within the sector's middle half▲ 8.8%€91,328within the sector's middle half▲ 0.1%€92,077within the sector's middle half▲ 0.8%€151,257within the sector's middle half▲ 64.3%
Total assets€331,362-€338,248▲ 2.1%€347,199below the sector's middle half▲ 2.6%€281,025within the sector's middle half▼ 19.1%€290,544within the sector's middle half▲ 3.4%€297,546within the sector's middle half▲ 2.4%€298,963within the sector's middle half▲ 0.5%€323,142within the sector's middle half▲ 8.1%
Debt€265,819-€264,887▼ 0.4%€265,914▲ 0.4%€197,165▼ 25.9%€199,317▲ 1.1%€206,217▲ 3.5%€206,886▲ 0.3%€171,885▼ 16.9%
Working capital€78,877-€88,655▲ 12.4%€101,258within the sector's middle half▲ 14.2%€104,926within the sector's middle half▲ 3.6%-€73,050below the sector's middle half-€71,170within the sector's middle half▲ 2.6%-€78,651below the sector's middle half▼ 10.5%-€57,003within the sector's middle half▲ 27.5%
Solvency19.8%-21.7%▲ 1.9pp23.4%within the sector's middle half▲ 1.7pp29.8%within the sector's middle half▲ 6.4pp31.4%within the sector's middle half▲ 1.6pp30.7%within the sector's middle half▼ 0.7pp30.8%within the sector's middle half▲ 0.1pp46.8%within the sector's middle half▲ 16.0pp
Current ratio1.42-1.47▲ 0.061.55within the sector's middle half▲ 0.071.90within the sector's middle half▲ 0.350.38below the sector's middle half▼ 1.520.43within the sector's middle half▲ 0.050.38within the sector's middle half▼ 0.050.36below the sector's middle half▼ 0.01
Return on assets (ROA)2.7%-2.3%▼ 0.4pp2.3%within the sector's middle half=0.9%within the sector's middle half▼ 1.4pp2.5%within the sector's middle half▲ 1.6pp0.0%within the sector's middle half▼ 2.5pp0.3%within the sector's middle half▲ 0.2pp-0.2%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323,142
Fixed assets
€290,592 ▲ 15.7%
Current assets
€32,549 ▼ 31.9%
Equity and liabilities €323,142
Equity
€151,257 ▲ 64.3%
Debt
€171,885 ▼ 16.9%
Debt's share of the balance-sheet total falls from 69.2% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,765▼
2024 · €8,819
Cash flow
€2,689▲
2024 · €2,644
Debt to equity
1.14▼
2024 · 2.25
ROE
-0.4%▼
2024 · 0.8%
Interest coverage
1.17▲
2024 · 1.17
Debt ≤ 1 year
€89,553▼
2024 · €126,454
Debt > 1 year
€80,432=
2024 · €80,432
Income taxes
€0▼
2024 · €274
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 | €2,278 | €1,556 | €1,093 | €1,093 | €1,380 | €1,600 | €1,895 | €3,325 | ▲ 75.5% |
| Other operating charges640/8 | - | - | - | €1,910 | €1,927 | €2,440 | €2,542 | €3,601 | ▲ 41.7% |
| Gross operating margin9900 | €18,359 | €18,645 | €19,011 | €11,177 | €16,170 | €8,138 | €11,361 | €10,367 | ▼ 8.7% |
| Operating profit (loss)9901 | €14,331 | €15,303 | €16,023 | €8,174 | €12,863 | €4,098 | €6,924 | €3,440 | ▼ 50.3% |
| Financial income75/76B | - | - | - | €605 | €630 | €1,062 | €1,654 | €1,689 | ▲ 2.1% |
| Recurring financial income75 | €673 | €696 | €632 | €605 | €630 | €1,062 | €1,654 | €1,689 | ▲ 2.1% |
| Financial charges65/66B | - | - | - | €5,276 | €3,454 | €5,027 | €7,555 | €5,766 | ▼ 23.7% |
| Recurring financial charges65 | €5,923 | €6,188 | €5,847 | €5,276 | €3,454 | €5,027 | €7,555 | €5,766 | ▼ 23.7% |
| Profit (loss) for the period before taxes9903 | €9,080 | €9,810 | €10,807 | €3,503 | €10,039 | €134 | €1,023 | -€637 | ▼ 162% |
| Income taxes67/77 | - | €1,993 | €2,882 | €928 | €2,671 | €33 | €274 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €9,080 | €7,817 | €7,925 | €2,575 | €7,368 | €100 | €749 | -€637 | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | €9,080 | €7,817 | €7,925 | €2,575 | €7,368 | €100 | €749 | -€637 | ▼ 185% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €331,362 | €338,248 | €347,199 | €281,025 | €290,544 | €297,546 | €298,963 | €323,142 | ▲ 8.1% |
| Fixed assets21/28 | €63,513 | €61,957 | €60,864 | €59,771 | €245,115 | €243,515 | €251,160 | €290,592 | ▲ 15.7% |
| Tangible fixed assets22/27 | €26,329 | €24,773 | €23,680 | €22,587 | €26,277 | €24,677 | €32,323 | €71,755 | ▲ 122% |
| Land and buildings22 | - | - | - | €21,622 | €25,554 | €24,195 | €32,081 | €71,755 | ▲ 124% |
| Other tangible fixed assets26 | - | - | - | €965 | €723 | €482 | €241 | €0 | ▼ 100% |
| Financial fixed assets28 | €37,184 | €37,184 | €37,184 | €37,184 | €218,837 | €218,837 | €218,837 | €218,837 | = |
| Current assets29/58 | €267,848 | €276,291 | €286,335 | €221,254 | €45,430 | €54,031 | €47,803 | €32,549 | ▼ 31.9% |
| Stocks and contracts in progress3 | €181,656 | €181,656 | €181,656 | €181,656 | €0 | - | - | - | - |
| Stocks30/36 | - | - | - | €181,656 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €13,484 | €14,287 | €14,639 | €15,464 | €17,295 | €17,042 | €18,169 | €20,017 | ▲ 10.2% |
| Trade receivables40 | - | - | - | €220 | €1,420 | €255 | €0 | €263 | - |
| Other amounts receivable41 | - | - | - | €15,244 | €15,874 | €16,787 | €18,169 | €19,754 | ▲ 8.7% |
| Cash at bank and in hand54/58 | €72,708 | €80,347 | €90,039 | €24,134 | €28,135 | €36,989 | €29,633 | €12,532 | ▼ 57.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €331,362 | €338,248 | €347,199 | €281,025 | €290,544 | €297,546 | €298,963 | €323,142 | ▲ 8.1% |
| Equity10/15 | €65,543 | €73,360 | €81,285 | €83,860 | €91,228 | €91,328 | €92,077 | €151,257 | ▲ 64.3% |
| Contributions10/11 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | €102,667 | ▲ 33.6% |
| Capital10 | - | - | - | €76,847 | €76,847 | €76,847 | €76,847 | €102,667 | ▲ 33.6% |
| Issued capital100 | - | - | - | €76,847 | €76,847 | €76,847 | €76,847 | €102,667 | ▲ 33.6% |
| Reserves13 | - | - | - | €258 | €994 | €1,004 | €1,079 | €48,582 | ▲ 4,402% |
| Non-distributable reserves130/1 | - | - | - | €258 | €994 | €1,004 | €1,079 | €6,582 | ▲ 510% |
| Legal reserve130 | - | - | - | €258 | €994 | €1,004 | €1,079 | €6,582 | ▲ 510% |
| Distributable reserves133 | - | - | - | - | - | - | - | €42,000 | - |
| Profit (loss) carried forward14 | -€11,304 | -€3,487 | €4,438 | €6,756 | €13,386 | €13,477 | €14,151 | €7 | ▼ 99.9% |
| Amounts payable17/49 | €265,819 | €264,887 | €265,914 | €197,165 | €199,317 | €206,217 | €206,886 | €171,885 | ▼ 16.9% |
| Amounts payable after more than one year17 | €76,847 | €77,252 | €80,837 | €80,837 | €80,837 | €80,432 | €80,432 | €80,432 | = |
| Financial debts170/4 | - | - | - | €76,847 | €76,847 | €76,847 | €76,847 | €76,847 | = |
| Other amounts payable178/9 | - | - | - | €3,990 | €3,990 | €3,585 | €3,585 | €3,585 | = |
| Amounts payable within one year42/48 | €188,972 | €187,635 | €185,077 | €116,328 | €118,480 | €125,201 | €126,454 | €89,553 | ▼ 29.2% |
| Trade debts44 | €162 | €103 | €74 | €1,597 | €1,636 | €5,062 | €1,706 | €4,424 | ▲ 159% |
| Suppliers440/4 | - | - | - | €1,597 | €1,636 | €5,062 | €1,706 | €4,424 | ▲ 159% |
| Taxes, remuneration and social security45 | - | - | - | €3,802 | €3,599 | €2,671 | €222 | €222 | = |
| Taxes450/3 | - | - | - | €3,802 | €3,599 | €2,671 | €222 | €222 | = |
| Other amounts payable47/48 | - | - | - | €110,929 | €113,244 | €117,468 | €124,525 | €84,907 | ▼ 31.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €585 | €0 | €1,900 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,080 | €7,817 | €7,925 | €2,575 | €7,368 | €100 | €749 | -€637 | ▼ 185% |
| + Depreciation and write-downs630 | €2,278 | €1,556 | €1,093 | €1,093 | €1,380 | €1,600 | €1,895 | €3,325 | ▲ 75.5% |
| Operating cash flow (approximation) | €11,358 | €9,374 | €9,018 | €3,668 | €8,748 | €1,700 | €2,644 | €2,689 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€186,724 | €0 | -€9,540 | -€42,757 | ▼ 348% |
| Change in cash | - | €7,640 | €9,692 | -€65,905 | €4,001 | €8,854 | -€7,356 | -€17,101 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 9,150 companies in this sector we hold annual accounts for 6,815. 4,601 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector