VISMIJNPARK
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 32 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€165,107
2024 · €133,271
Working capital
€3.2m▼ 4.9%
2024 · €3.4m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€250,724
▼ 141%
2025
20182025
Net result
-€165,107
2025
20182025
Equity
€3.2m
▼ 4.9%
2025
20182025
Total assets
€3.2m
▼ 52.1%
2025
20182025
Debt
€10,724
▼ 99.7%
2025
20182025
Working capital
€3.2m
▼ 4.9%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.006m--€0.2m▼ 2,663%-€0.03m▲ 82.4%€4.5m€2.1m▼ 54.1%€1.2m▼ 44.4%-€0.1m-€0.3m▼ 141%
Net result-€0.04m--€0.2m▼ 452%-€0.06m▲ 69.3%€3.3m€1.7m▼ 48.7%€1.0m▼ 39.6%€0.1m▼ 87.1%-€0.2m
Equity€0.2m-€0.04m▼ 82.4%-€0.02m€3.3m€5.0m▲ 51.6%€6.1m▲ 20.6%€3.4m▼ 44.3%€3.2m▼ 4.9%
Total assets€2.5m-€1.9m▼ 25.3%€2.9m▲ 53.9%€6.8m▲ 135%€6.4m▼ 6.5%€6.9m▲ 7.6%€6.7m▼ 2.0%€3.2m▼ 52.1%
Debt€2.3m-€1.8m▼ 19.4%€2.9m▲ 58.3%€3.5m▲ 20.2%€1.4m▼ 61.4%€0.8m▼ 40.3%€3.4m▲ 314%€0.01m▼ 99.7%
Working capital€0.5m-€0.06m▼ 87.2%€0.04m▼ 45.0%€3.4m▲ 97×€5.0m▲ 47.8%€6.1m▲ 20.5%€3.4m▼ 44.2%€3.2m▼ 4.9%
The operating result for 2025 is a loss of €250,724, larger than the loss of €104,023 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€496 =
Current assets
€3.2m ▼ 52.1%
Equity and liabilities €3.2m
Equity
€3.2m ▼ 4.9%
Debt
€10,724 ▼ 99.7%
Debt's share of the balance-sheet total falls from 49.8% to 0.3%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.99
ROE
-5.1%▼
2024 · 3.9%
ROA
-5.1%▼
2024 · 2.0%
Debt ≤ 1 year
€1,237▼
2024 · €3.3m
A ratio outside any meaningful range has been withheld (balance sheet total €3.2m, equity €3.2m).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Guarantees given for others' debts | €3.1m | €3.1m | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.01m | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.001m | €156 | €0.002m | ▲ 15× |
| Gross operating margin9900 | -€106 | -€0.2m | -€0.03m | €4.5m | €2.1m | €1.2m | -€0.1m | -€0.2m | ▼ 139% |
| Operating profit (loss)9901 | -€0.006m | -€0.2m | -€0.03m | €4.5m | €2.1m | €1.2m | -€0.1m | -€0.3m | ▼ 141% |
| Financial income75/76B | - | - | - | €0.04m | €0.04m | €0.2m | €0.2m | €0.09m | ▼ 53.9% |
| Recurring financial income75 | €0.01m | €0.01m | - | €0.04m | €0.04m | €0.2m | €0.2m | €0.09m | ▼ 53.9% |
| Financial charges65/66B | - | - | - | €0.04m | €0.01m | €455 | €150 | €0.001m | ▲ 668% |
| Recurring financial charges65 | €0.04m | €0.04m | €0.03m | €0.04m | €0.01m | €455 | €150 | €180 | ▲ 20.0% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.001m | - |
| Profit (loss) for the period before taxes9903 | -€0.04m | -€0.2m | -€0.06m | €4.5m | €2.1m | €1.3m | €0.08m | -€0.2m | - |
| Income taxes67/77 | - | - | - | €1.2m | €0.4m | €0.3m | -€0.05m | - | - |
| Profit (loss) for the period9904 | -€0.04m | -€0.2m | -€0.06m | €3.3m | €1.7m | €1.0m | €0.1m | -€0.2m | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | - | €0.06m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €0.6m | €0.2m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.04m | -€0.2m | -€0.06m | €3.3m | €1.1m | €0.8m | €0.1m | -€0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.5m | €1.9m | €2.9m | €6.8m | €6.4m | €6.9m | €6.7m | €3.2m | ▼ 52.1% |
| Fixed assets21/28 | €496 | €496 | €496 | €496 | €496 | €496 | €496 | €496 | = |
| Financial fixed assets28 | €496 | €496 | €496 | €496 | €496 | €496 | €496 | €496 | = |
| Current assets29/58 | €2.5m | €1.9m | €2.9m | €6.8m | €6.4m | €6.9m | €6.7m | €3.2m | ▼ 52.1% |
| Stocks and contracts in progress3 | €1.8m | €1.7m | €1.9m | €1.2m | €0.8m | €0.3m | €0.09m | €0.09m | = |
| Stocks30/36 | - | - | - | €1.2m | €0.8m | €0.3m | €0.09m | €0.09m | = |
| Amounts receivable within one year40/41 | €0.7m | €0.2m | €0.9m | €5.5m | €4.1m | €3.6m | €2.7m | €2.8m | ▲ 5.8% |
| Trade receivables40 | - | - | - | €2.1m | €0.8m | €0.8m | €0.6m | €0.2m | ▼ 58.4% |
| Other amounts receivable41 | - | - | - | €3.4m | €3.2m | €2.8m | €2.1m | €2.6m | ▲ 23.3% |
| Current investments50/53 | - | - | - | - | - | €2.0m | €3.4m | - | - |
| Cash at bank and in hand54/58 | €0.004m | €312 | €0.1m | €0.05m | €1.4m | €0.7m | €0.3m | €0.03m | ▼ 91.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.08m | €0.2m | €0.3m | €0.3m | ▼ 5.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.5m | €1.9m | €2.9m | €6.8m | €6.4m | €6.9m | €6.7m | €3.2m | ▼ 52.1% |
| Equity10/15 | €0.2m | €0.04m | -€0.02m | €3.3m | €5.0m | €6.1m | €3.4m | €3.2m | ▼ 4.9% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | - | - | - | €0.2m | €0.8m | €1.0m | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | - | - | €0.6m | €0.8m | €0.8m | €0.8m | ▼ 7.5% |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.06m | - |
| Profit (loss) carried forward14 | -€0.8m | -€1.0m | -€1.1m | €2.1m | €3.2m | €4.0m | €1.3m | €1.1m | ▼ 12.7% |
| Amounts payable17/49 | €2.3m | €1.8m | €2.9m | €3.5m | €1.4m | €0.8m | €3.4m | €0.01m | ▼ 99.7% |
| Amounts payable within one year42/48 | €2.0m | €1.8m | €2.9m | €3.4m | €1.3m | €0.8m | €3.3m | €0.001m | ▼ 100.0% |
| Trade debts44 | €0.01m | €0.001m | €0.006m | €0.6m | €0.3m | €0.2m | - | €0.001m | - |
| Suppliers440/4 | - | - | - | €0.6m | €0.3m | €0.2m | - | €0.001m | - |
| Advances received on contracts in progress46 | - | - | - | - | €0.3m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.7m | €0.6m | €0.5m | - | - |
| Taxes450/3 | - | - | - | €0.6m | €0.7m | €0.6m | €0.2m | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0.3m | - | - |
| Other amounts payable47/48 | - | - | - | €2.3m | €0.1m | - | €2.8m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.09m | €0.009m | €0.009m | €0.009m | €0.009m | ▲ 1.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.04m | -€0.2m | -€0.06m | €3.3m | €1.7m | €1.0m | €0.1m | -€0.2m | - |
| Operating cash flow (approximation) | -€0.04m | -€0.2m | -€0.06m | €3.3m | €1.7m | €1.0m | €0.1m | -€0.2m | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€0.003m | €0.1m | -€0.08m | €1.4m | -€0.7m | -€0.4m | -€0.3m | ▲ 22.3% |
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, 8,617 companies had the same profile as VISMIJNPARK has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VISMIJNPARK itself: 0.2% within 12 months.
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 8,617 companies, not a prediction for VISMIJNPARK. 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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00343987 | |
| 31-12-2024 | abbreviated format | 03-07-2025 | 2025-00232013 | |
| 31-12-2023 | abbreviated format | 17-09-2024 | 2024-00464347 | |
| 31-12-2022 | abbreviated format | 18-07-2023 | 2023-00249655 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20176631 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36300291 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31400103 | |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33800210 | |
| 31-12-2017 | micro format | 13-07-2018 | 2018-32600060 | |
| 31-12-2016 | abbreviated format | 10-07-2017 | 2017-29000562 |