VISION (0417.133.553): financials and annual accounts

VISION

Schaerbeek ·KBO/BCE: BE 0417.133.553

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	704,049	722,742	752,059	781,387	771,137	808,278	842,115	870,594	717,149	752,898	773,004	798,943	156,386	163,699	156,579	147,207	147,081	153,448	143,724	146,767
Fixed assets`21/28`	597,947	694,152	719,701	757,037	754,490	784,988	815,806	852,309	620,047	643,080	617,162	106,026	78,938	80,231	78,203	84,891	91,579	98,250	104,940	113,455
Tangible fixed assets`22/27`	597,947	626,552	659,410	696,746	697,103	726,907	760,912	797,415	585,583	608,616	582,698	71,562	78,938	80,231	78,203	84,891	91,579	98,250	104,940	113,455
Land and buildings`22`	594,446	622,066	659,410	696,746	697,103	726,907	760,912	797,415	585,583	608,616	582,698	28,272	78,938	80,231	78,203	84,891	91,579	98,250	104,940	111,656
Plant, machinery and equipment`23`	3,501	4,485	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,799
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	-	-	-	43,290	-	-	-	-	-	-	-	-
Financial fixed assets`28`	0	67,601	60,291	60,291	57,387	58,081	54,894	54,894	34,464	34,464	34,464	34,464	-	-	-	-	-	-	-	-
Current assets`29/58`	106,102	28,590	32,358	24,350	16,647	23,291	26,309	18,285	97,102	109,818	155,843	692,917	77,448	83,467	78,376	62,316	55,501	55,198	38,784	33,312
Amounts receivable after more than one year`29`	71,779	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	71,779	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	6,913	11,910	21,345	15,724	11,550	15,123	13,286	6,859	6,483	76,433	62,160	30,978	49,971	52,320	18,464	-	15,562	18,180	14,102	13,888
Trade receivables`40`	6,047	11,642	9,268	3,647	2,377	6,106	7,613	3,808	6,046	30,316	18,699	30,853	18,876	18,876	-	-	15,562	17,506	14,102	13,888
Other amounts receivable`41`	865	269	12,077	12,077	9,173	9,017	5,673	3,051	437	46,117	43,461	126	31,095	33,444	18,464	-	-	674	-	-
Cash at bank and in hand`54/58`	25,165	16,095	11,013	8,627	5,097	8,168	13,023	11,426	90,618	33,385	93,682	661,939	27,477	31,148	59,912	20,316	3,939	7,017	681	1,425
Deferred charges and accrued income`490/1`	2,245	584	-	-	-	-	-	-	-	-	-	-	-	-	-	42,000	36,000	30,001	24,000	18,000
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	704,049	722,742	752,059	781,387	771,137	808,278	842,115	870,594	717,149	752,898	773,004	798,943	156,386	163,699	156,579	147,207	147,081	153,448	143,724	146,767
Equity`10/15`	474,296	474,407	477,125	482,856	477,213	483,824	500,227	512,261	512,820	521,858	532,106	545,524	126,569	114,980	101,418	80,659	63,098	56,518	57,881	57,434
Contributions`10/11`	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071
Issued capital`100`	-	-	-	-	-	-	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071	21,071
Reserves`13`	230,194	230,306	253,181	276,056	289,194	321,799	346,888	368,969	369,528	385,568	401,617	415,483	6,817	6,817	6,817	6,817	6,817	6,817	6,817	6,817
Non-distributable reserves`130/1`	-	-	0	2,107	2,107	2,107	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107	2,107
Reserves not available under the articles`1311`	-	-	0	2,107	2,107	2,107	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	179,091	201,966	224,841	247,716	260,854	293,459	318,548	340,629	362,711	378,751	394,800	408,666	-	-	-	-	-	-	-	-
Distributable reserves`133`	51,103	28,340	28,340	26,233	26,233	26,233	26,233	26,233	4,710	4,710	4,710	4,710	4,710	4,710	4,710	4,710	4,710	4,710	4,710	4,710
Profit (loss) carried forward`14`	223,030	223,030	202,873	185,729	166,947	140,954	132,269	122,221	122,221	115,219	109,417	108,970	98,681	87,092	73,530	52,771	35,210	28,630	29,992	29,546
Provisions and deferred taxes`16`	104,773	112,398	120,023	127,648	144,890	155,758	164,121	175,491	186,861	195,121	203,385	210,525	-	-	-	-	-	-	-	-
Deferred taxes`168`	104,773	112,398	120,023	127,648	144,890	155,758	164,121	175,491	186,861	195,121	203,385	210,525	-	-	-	-	-	-	-	-
Amounts payable`17/49`	124,980	135,936	154,910	170,883	149,034	168,696	177,766	182,841	17,467	35,919	37,514	42,894	29,817	48,719	55,160	66,548	83,982	96,930	85,843	89,333
Amounts payable after more than one year`17`	82,306	93,150	103,745	114,088	124,501	132,820	142,472	151,893	-	-	-	-	-	-	-	-	-	-	-	-
Financial debts`170/4`	75,926	86,770	97,365	107,708	117,821	127,700	137,352	146,773	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`178/9`	6,380	6,380	6,380	6,380	6,680	5,120	5,120	5,120	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	39,584	38,346	49,269	54,930	24,534	35,876	35,294	30,949	17,467	34,965	36,859	42,555	29,817	48,719	55,160	66,548	83,982	96,930	85,843	89,333
Current portion of amounts payable after more than one year`42`	10,844	10,595	10,344	10,112	9,879	9,652	9,420	9,213	-	-	-	-	-	-	-	-	-	-	-	3,332
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,749
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,749
Trade debts`44`	1,897	1,580	8,999	8,906	3,859	14,767	8,379	4,659	2,548	22,670	22,938	4,403	41	4,916	4,307	632	11,370	25,711	12,374	7,315
Suppliers`440/4`	1,897	1,580	8,999	8,906	3,859	14,767	8,379	4,659	2,548	22,670	22,938	4,403	41	4,916	4,307	632	11,370	25,711	12,374	7,315
Taxes, remuneration and social security`45`	5,305	4,633	8,388	14,373	7,444	11,204	17,239	3,821	1,663	-	1,626	5,857	29,776	43,803	50,853	7,718	1,592	198	4,319	10,721
Taxes`450/3`	5,305	4,633	8,388	14,373	7,444	11,204	17,239	3,821	1,663	-	1,626	5,857	4,231	16,439	18,082	7,718	1,592	198	4,319	10,721
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	25,545	27,364	32,771	-	-	-	-	-
Other amounts payable`47/48`	21,539	21,539	21,539	21,539	3,352	253	256	13,256	13,256	12,295	12,295	32,295	-	-	-	58,199	71,021	71,021	69,150	66,216
Accrued charges and deferred income`492/3`	3,090	4,440	1,896	1,865	-	-	-	-	-	954	655	339	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,334	-	-	-	-
Non-recurring operating income`76A`	0	34	-	-	-	-	-	-	-	-	-	619,190	-	-	-	-	-	-	-	-
Gross operating margin`9900`	48,804	50,105	41,205	44,229	31,566	23,332	38,496	36,924	17,047	14,047	6,681	16,447	20,680	26,999	72,829	32,649	15,615	8,838	12,820	35,184
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,833	-	-	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,771	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	37,913	37,259	37,336	35,304	34,312	34,005	36,503	38,074	26,542	27,824	24,253	1,583	1,293	5,887	6,688	6,688	6,671	6,691	8,515	8,996
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	0	16,149	-	-	-	-	0	-613	-	-	-	-	-	-	-	-	-	-	-	613
Other operating charges`640/8`	9,340	9,108	8,713	8,141	7,720	7,569	6,955	6,543	5,937	3,277	2,728	2,692	2,667	2,393	2,326	2,287	2,287	2,207	2,580	1,924
Operating profit (loss)`9901`	1,551	-12,410	-4,844	785	-10,466	-18,242	-4,962	-7,080	-15,431	-17,054	-20,299	12,171	16,720	18,719	31,044	23,675	6,658	-60	1,725	23,651
Financial income`75/76B`	3,610	11,247	0	115	-	-	0	4	131	-	76	127	16	33	24	12	4	3	25	703
Recurring financial income`75`	3,610	11,247	0	115	-	-	0	4	131	-	76	127	16	33	24	12	4	3	25	703
Financial charges`65/66B`	2,267	2,460	2,679	3,170	3,170	3,363	3,590	2,699	334	326	316	351	912	26	22	26	82	1,304	1,357	1,660
Recurring financial charges`65`	2,267	2,460	2,679	3,170	3,170	3,363	3,590	2,699	334	326	316	351	912	26	22	26	82	1,304	1,357	1,660
Profit (loss) for the period before taxes`9903`	2,894	-3,624	-7,524	-2,270	-13,636	-21,605	-8,552	-9,776	-15,634	-17,380	-20,539	631,137	15,824	18,727	31,046	23,660	6,580	-1,362	394	22,694
Transfer from deferred taxes`780`	7,625	7,625	7,625	10,326	10,868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes`67/77`	10,631	6,719	5,832	9,329	3,843	3,162	14,852	2,152	1,663	1,133	19	1,658	4,235	5,165	10,286	6,099	1	0	-53	7,349
Profit (loss) for the period`9904`	-112	-2,718	-5,730	-1,272	-6,611	-16,404	-12,034	-558	-9,038	-10,248	-13,419	418,955	11,589	13,561	20,759	17,561	6,580	-1,362	446	15,345
Transfer from tax-exempt reserves`789`	22,875	22,875	22,875	20,054	32,605	25,089	22,081	22,081	16,040	16,050	13,866	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	-	-	-	-	-	408,666	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	22,763	20,157	17,145	18,781	25,994	8,685	10,047	21,523	7,002	5,802	447	10,289	11,589	13,561	20,759	17,561	6,580	-1,362	446	15,345
Appropriation of the result
Profit (loss) to be appropriated`9906`	245,794	223,030	202,873	185,729	166,947	140,954	132,269	143,744	122,221	115,219	109,417	108,970	98,681	87,092	73,530	52,771	35,210	28,630	29,992	29,546
Profit (loss) brought forward from the previous period`14P`	223,030	202,873	185,729	166,947	140,954	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	22,763	-	-	-	-	-	0	21,523	-	-	-	-	-	-	-	-	0	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
To other reserves`6921`	22,763	-	-	-	-	-	0	21,523	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	30-07-2026	2026-00357865	PDF
31-12-2024	micro format	09-07-2025	2025-00254964	PDF
31-12-2023	micro format	09-07-2024	2024-00230606	PDF
31-12-2022	full format	17-07-2023	2023-00242101	PDF
31-12-2021	full format	29-06-2022	2022-20114375	PDF
31-12-2020	full format	03-08-2021	2021-45700441	PDF
31-12-2019	full format	15-09-2020	2020-53800167	PDF
31-12-2018	full format	29-07-2019	2019-40100104	PDF
31-12-2017	full format	24-07-2018	2018-38400477	PDF
31-12-2016	full format	28-07-2017	2017-38900493	PDF
31-12-2015	full format	26-08-2016	2016-49900482	PDF
31-12-2014	full format	28-08-2015	2015-55000276	PDF
31-12-2013	full format	21-08-2014	2014-44300056	PDF
31-12-2012	full format	30-08-2013	2013-52000155	PDF
31-12-2011	full format	21-08-2012	2012-42900286	PDF
31-12-2010	full format	04-08-2011	2011-38000581	PDF
31-12-2009	full format	17-08-2010	2010-42000144	PDF
31-12-2008	full format	18-06-2009	2009-25600029	PDF
31-12-2007	full format	07-08-2008	2008-54800377	PDF
31-12-2006	full format	24-08-2007	2007-61600227	PDF
31-12-2005	full format	29-06-2006	2006-36601413	PDF
31-12-2004	full format	22-06-2005	2005-31203354	PDF
31-12-2003	full format	10-06-2004	2004-22405361	PDF
31-12-2002	full format	12-06-2003	2003-21000207	PDF
31-12-2001	full format	17-06-2002	2002-21100040	PDF
31-12-2000	full format	22-05-2001	2001-13400072	PDF
31-12-1999	full format	24-07-2000	2000-44300273	PDF
31-12-1998	full format	15-06-1999	1999-17604973	PDF
31-12-1997	full format	03-08-1998	1998-38702982	PDF
31-12-1996	full format	18-07-1997	1997-31901683	PDF
31-12-1995	full format	06-11-1997	1997-51804263	PDF
31-12-1994	full format	29-08-1995	1995-47300245	PDF
31-12-1993	full format	28-07-1994	1994-33003991	PDF
31-12-1992	full format	30-07-1993	1993-30102551	PDF
31-12-1991	full format	12-06-1992	1992-10402960	PDF
31-12-1990	full format	05-07-1991	1991-16201580	PDF
31-12-1989	full format	11-07-1990	1990-16903420	PDF
31-12-1988	full format	24-07-1989	1989-17904153	PDF
31-12-1987	full format	29-06-1988	1988-11504599	PDF
31-12-1986	full format	10-06-1987	1987-09303107	PDF
31-12-1985	full format	14-08-1986	1986-35201077	PDF
31-12-1984	full format	25-07-1985	1985-27000002	PDF
31-12-1983	unclassified schema	24-08-1984	1984-12500811	PDF
31-12-1982	unclassified schema	27-07-1983	1983-10400125	PDF
31-12-1981	unclassified schema	02-08-1982	1982-10400040	PDF
31-12-1980	unclassified schema	14-07-1981	1981-09001108	PDF
31-12-1979	unclassified schema	04-08-1980	1980-10002390	PDF
31-12-1978	unclassified schema	06-07-1979	1979-08200629	PDF
31-12-1977	unclassified schema	12-07-1978	1978-04901877	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	39,464	24,848	32,491	36,088	23,846	15,763	31,541	30,994	11,111	10,770	3,954	13,754	18,013	24,606	37,732	30,363	13,329	6,631	10,240	32,647
Cash flow	37,801	34,541	31,605	34,031	27,701	17,601	24,469	37,516	17,504	17,576	10,835	420,538	12,883	19,448	27,448	24,249	13,250	5,328	8,961	24,341
Investment in fixed assets (approximation)	9,308	4,400	0	37,850	6,928	3,187	0	270,336	3,509	53,743	535,389	77,754	0	7,915	0	0	0	0	0	-
Change in cash	9,070	5,083	2,386	3,530	-3,071	-4,855	1,597	-79,192	57,233	-60,297	-568,257	634,462	-3,671	-28,764	39,596	16,377	-3,078	6,336	-743	-
Working capital	66,518	-9,756	-16,911	-30,580	-7,887	-12,586	-8,985	-12,664	79,634	74,853	118,984	650,362	47,631	34,749	23,215	-4,232	-28,481	-41,731	-47,060	-56,021
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93.4%	-	-	-	-
Solvency	67.4%	65.6%	63.4%	61.8%	61.9%	59.9%	59.4%	58.8%	71.5%	69.3%	68.8%	68.3%	80.9%	70.2%	64.8%	54.8%	42.9%	36.8%	40.3%	39.1%
Current ratio	2.68	0.75	0.66	0.44	0.68	0.65	0.75	0.59	5.56	3.14	4.23	16.28	2.60	1.71	1.42	0.94	0.66	0.57	0.45	0.37
Debt to equity	0.26	0.29	0.32	0.35	0.31	0.35	0.36	0.36	0.03	0.07	0.07	0.08	0.24	0.42	0.54	0.83	1.33	1.72	1.48	1.56
ROE	0.0%	-0.6%	-1.2%	-0.3%	-1.4%	-3.4%	-2.4%	-0.1%	-1.8%	-2.0%	-2.5%	76.8%	9.2%	11.8%	20.5%	21.8%	10.4%	-2.4%	0.8%	26.7%
ROA	0.0%	-0.4%	-0.8%	-0.2%	-0.9%	-2.0%	-1.4%	-0.1%	-1.3%	-1.4%	-1.7%	52.4%	7.4%	8.3%	13.3%	11.9%	4.5%	-0.9%	0.3%	10.5%
Interest coverage	17.41	10.10	12.13	11.38	7.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18 days	-	-	-	-

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	-	€117,821	€127,700
Mortgages, amount registered	€50,000	€50,000	€50,000	€161,250	€161,250
Mortgage mandates	€111,250	€111,250	€111,250	-	-
Carrying value of the mortgaged assets	€24,789	€131,812	€139,532	€197,059	€207,188

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€9,308	€4,400	-	€34,946	€4,508
Financial fixed assets	€0	-	-	€2,904	€2,420
Depreciation and write-downs of the year	€37,913	€37,259	€37,336	€35,304	€34,312

VISION

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency67.4%

Current ratio2.68

Return on assets0.0%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VISION

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