VIPO
Annual accounts 2025
micro format, filed on 13-01-2026, 18 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €170,000 and €300,000.
Balance sheet
balance sheet total €603,928 on 30-06-2025in euro
in euro
Position in the sector
47.5%
Higher than 48% of 10,256 companies in 2025.
2.41
Higher than 58% of 9,838 companies in 2025.
7.8%
Higher than 44% of 9,980 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
603,928 | 592,885 | 494,686 | 446,694 | 455,044 | 421,551 | 431,696 | 254,331 | 236,351 | 267,489 | |
21/28 |
407,431 | 429,323 | 344,705 | 357,802 | 376,271 | 370,452 | 373,080 | 228,636 | 213,479 | 217,917 | |
22/27 |
407,431 | 429,323 | 344,705 | 357,802 | 376,271 | 370,452 | 373,080 | 228,636 | 213,479 | 217,917 | |
22 |
266,973 | 288,352 | 309,313 | 325,774 | 350,908 | 302,964 | 320,949 | 165,504 | 175,715 | 173,519 | |
23 |
3,771 | 3,605 | 2,226 | 2,996 | 2,523 | 283 | 566 | 1,104 | 1,642 | - | |
24 |
136,687 | 137,366 | 33,166 | 29,032 | 22,839 | 67,206 | 51,566 | 62,028 | 36,123 | 44,398 | |
29/58 |
196,497 | 163,562 | 149,980 | 88,892 | 78,773 | 51,098 | 58,615 | 25,695 | 22,872 | 49,572 | |
40/41 |
41,762 | 35,744 | 38,292 | 34,759 | 27,804 | 23,009 | 25,691 | 16,448 | 17,599 | 16,371 | |
40 |
37,315 | 34,472 | 35,907 | 30,720 | 26,835 | 19,940 | 19,300 | 16,444 | 17,599 | 16,370 | |
41 |
4,448 | 1,273 | 2,385 | 4,039 | 969 | 3,069 | 6,391 | 5 | - | 1 | |
50/53 |
0 | 50,000 | - | - | - | - | - | - | - | - | |
54/58 |
150,100 | 73,373 | 108,328 | 47,651 | 49,646 | 25,709 | 31,039 | 7,489 | 3,628 | 31,423 | |
490/1 |
4,634 | 4,444 | 3,360 | 6,482 | 1,324 | 2,381 | 1,886 | 1,758 | 1,645 | 1,778 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
603,928 | 592,885 | 494,686 | 446,694 | 455,044 | 421,551 | 431,696 | 254,331 | 236,351 | 267,489 | |
10/15 |
287,117 | 249,972 | 186,291 | 111,430 | 96,815 | 54,068 | 49,057 | 38,801 | 37,732 | 26,682 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
267,117 | 229,972 | 166,291 | 90,361 | 75,747 | 32,999 | 27,989 | 17,732 | 17,732 | 6,682 | |
130/1 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
130 |
- | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | |
133 |
265,117 | 227,972 | 164,291 | 88,361 | 73,747 | 30,999 | 25,989 | 15,732 | 15,732 | 4,682 | |
14 |
0 | 0 | 0 | 1,068 | 1,068 | 1,068 | 1,068 | 1,068 | - | - | |
17/49 |
316,811 | 342,913 | 308,394 | 335,264 | 358,229 | 367,483 | 382,639 | 215,530 | 198,619 | 240,807 | |
17 |
235,241 | 268,740 | 251,190 | 284,690 | 301,718 | 310,845 | 313,527 | 177,505 | 156,143 | 180,325 | |
170/4 |
235,241 | 268,740 | 251,190 | 284,690 | 301,718 | 310,845 | 313,527 | 177,505 | 156,143 | 180,325 | |
42/48 |
81,570 | 74,173 | 57,204 | 49,887 | 56,511 | 55,925 | 68,411 | 37,575 | 41,826 | 59,041 | |
42 |
55,433 | 49,460 | 33,499 | 33,048 | 39,483 | 46,226 | 37,605 | 29,408 | 24,182 | 23,718 | |
43 |
5,136 | 3,082 | 3,060 | 3,052 | - | - | - | - | - | - | |
430/8 |
5,136 | 3,082 | 3,060 | 3,052 | - | - | - | - | - | - | |
44 |
11,155 | 4,048 | 2,246 | 1,764 | 881 | 1,997 | 632 | 986 | 2,881 | 17,335 | |
440/4 |
11,155 | 4,048 | 2,246 | 1,764 | 881 | 1,997 | 632 | 986 | 2,881 | 17,335 | |
45 |
9,839 | 17,125 | 16,313 | 9,102 | 11,944 | 3,212 | 3,538 | 6,571 | 13,371 | 16,177 | |
450/3 |
9,839 | 17,125 | 16,313 | 9,102 | 11,944 | 3,212 | 3,538 | 3,164 | 10,032 | 12,841 | |
454/9 |
- | - | - | - | - | - | - | 3,408 | 3,340 | 3,336 | |
47/48 |
7 | 457 | 2,086 | 2,922 | 4,202 | 4,490 | 26,636 | 609 | 1,391 | 1,811 | |
492/3 |
- | - | 0 | 687 | - | 713 | 700 | 450 | 650 | 1,441 | |
| Income statement | |||||||||||
9900 |
143,848 | 145,637 | 167,616 | 84,449 | 115,269 | 65,227 | 90,869 | 43,718 | 49,859 | 74,307 | |
630 |
65,201 | 43,502 | 32,892 | 44,248 | 41,068 | 42,265 | 41,760 | 29,052 | 25,628 | 57,444 | |
640/8 |
4,648 | 4,466 | 4,147 | 3,509 | 7,002 | 3,840 | 21,225 | 9,982 | 836 | 2,463 | |
9901 |
73,999 | 97,669 | 130,576 | 36,692 | 67,199 | 19,122 | 27,885 | 4,683 | 23,394 | 14,400 | |
75/76B |
1,227 | 1 | 19 | 0 | 10 | 23 | - | 7 | 60 | 3 | |
75 |
1,227 | 1 | 19 | 0 | 10 | 23 | - | 7 | 60 | 3 | |
65/66B |
7,179 | 6,894 | 5,302 | 5,780 | 5,155 | 8,698 | 5,499 | 3,622 | 3,694 | 2,361 | |
65 |
7,179 | 6,894 | 5,302 | 5,780 | 5,155 | 8,698 | 5,499 | 3,622 | 3,694 | 2,361 | |
9903 |
68,047 | 90,776 | 125,294 | 30,913 | 62,054 | 10,448 | 22,386 | 1,068 | 19,760 | 12,042 | |
67/77 |
20,645 | 27,096 | 38,313 | 10,016 | 19,306 | 5,437 | 10,529 | - | 8,710 | 5,360 | |
9904 |
47,402 | 63,681 | 86,981 | 20,896 | 42,747 | 5,011 | 11,856 | 1,068 | 11,051 | 6,682 | |
9905 |
47,402 | 63,681 | 86,981 | 20,896 | 42,747 | 5,011 | 11,856 | 1,068 | 11,051 | 6,682 | |
| Appropriation of the result | |||||||||||
9906 |
47,402 | 63,681 | 88,049 | 21,965 | 43,816 | 6,079 | 12,925 | 1,068 | 11,051 | 6,682 | |
14P |
- | 0 | 1,068 | 1,068 | - | - | - | - | - | - | |
791/2 |
10,256 | 0 | 11,051 | 4,682 | - | - | - | - | - | - | |
691/2 |
47,402 | 63,681 | 86,981 | 19,296 | 42,747 | 5,011 | 10,256 | - | 11,051 | 6,682 | |
6920 |
- | - | - | - | - | - | - | - | - | 2,000 | |
6921 |
47,402 | 63,681 | 86,981 | 19,296 | 42,747 | 5,011 | 10,256 | - | 11,051 | 4,682 | |
694/7 |
10,256 | 0 | 12,119 | 6,282 | - | - | 1,600 | - | - | - | |
694 |
10,256 | 0 | 12,119 | 6,282 | - | - | 1,600 | - | - | - | |
| 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 2025 (PDF), filed on 13-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 13-01-2026 | 2026-00006685 | |
| 30-06-2024 | micro format | 16-01-2025 | 2025-00005575 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00020718 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00018702 | |
| 30-06-2021 | micro format | 17-12-2021 | 2021-80600007 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02800408 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03600315 | |
| 30-06-2018 | micro format | 21-01-2019 | 2019-01800178 | |
| 30-06-2017 | micro format | 26-01-2018 | 2018-02500061 | |
| 30-06-2016 | abbreviated format | 16-01-2017 | 2017-01500382 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 139,200 | 141,171 | 163,469 | 80,940 | 108,267 | 61,387 | 69,644 | 33,735 | 49,022 | 71,845 | ||
| 112,603 | 107,183 | 119,873 | 65,144 | 83,816 | 47,275 | 53,616 | 30,120 | 36,679 | 64,126 | ||
| 43,309 | 128,121 | 19,796 | 25,779 | 76,152 | 41,734 | 186,204 | 65,360 | 21,190 | 274,361 | ||
| 76,727 | -34,955 | 60,677 | -1,995 | 23,937 | -5,330 | 23,550 | 3,861 | -27,795 | - | ||
| 114,927 | 89,389 | 92,777 | 39,005 | 22,262 | -4,827 | -9,796 | -11,880 | -18,954 | -9,468 | ||
| 47.5% | 42.2% | 37.7% | 24.9% | 21.3% | 12.8% | 11.4% | 15.3% | 16.0% | 10.0% | ||
| 2.41 | 2.21 | 2.62 | 1.78 | 1.39 | 0.91 | 0.86 | 0.68 | 0.55 | 0.84 | ||
| 1.10 | 1.37 | 1.66 | 3.01 | 3.70 | 6.80 | 7.80 | 5.55 | 5.26 | 9.03 | ||
| 16.5% | 25.5% | 46.7% | 18.8% | 44.2% | 9.3% | 24.2% | 2.8% | 29.3% | 25.0% | ||
| 7.8% | 10.7% | 17.6% | 4.7% | 9.4% | 1.2% | 2.7% | 0.4% | 4.7% | 2.5% | ||
| 19.39 | 20.48 | 30.83 | 14.00 | - | - | - | - | - | - |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €43,309 | €128,121 | €19,796 | €25,779 |
| €65,201 | €43,502 | €32,892 | €44,248 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on VIPO
The operating result for 2025 is 24% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 57.8% to 52.5%. Equity is higher and debt is lower.