VISMIJNPARK (0449.088.521): financials and annual accounts

VISMIJNPARK

Bruges ·KBO/BCE: BE 0449.088.521

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	3.2m	6.7m	6.9m	6.4m	6.8m	2.9m	1.9m	2.5m	2.3m	1.6m	1.5m	1.3m	1.2m	1.1m	1.1m	1.1m	1.1m	1.1m
Fixed assets`21/28`	496	496	496	496	496	496	496	496	1.7m	1.6m	1.5m	1.3m	1.2m	-	1.1m	1.1m	1.1m	-
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	-	1.7m	1.6m	1.5m	1.3m	1.2m	1.1m	1.1m	1.1m	1.1m	1.1m
Land and buildings`22`	-	-	-	-	-	-	-	-	1.2m	1.2m	1.2m	1.1m	1.2m	1.1m	1.1m	1.1m	1.1m	1.1m
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	455,704	391,646	287,050	196,735	-	-	-	-	-	-
Financial fixed assets`28`	496	496	496	496	496	496	496	496	496	496	496	496	496	496	496	496	496	495
Current assets`29/58`	3.2m	6.7m	6.9m	6.4m	6.8m	2.9m	1.9m	2.5m	604,264	44,944	47,503	49,569	18,544	1,171	12,075	13,154	14,612	17,646
Stocks and contracts in progress`3`	85,147	85,147	291,564	785,029	1.2m	1.9m	1.7m	1.8m	-	-	-	-	-	-	-	-	-	-
Stocks`30/36`	85,147	85,147	291,564	785,029	1.2m	1.9m	1.7m	1.8m	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	2.8m	2.7m	3.6m	4.1m	5.5m	924,862	152,784	673,259	597,704	44,307	45,944	45,659	16,773	492	603	590	756	1,263
Trade receivables`40`	236,907	569,802	841,891	837,485	2.1m	163,697	127,784	127,784	572,704	19,307	19,307	19,307	0	484	581	585	581	1,258
Other amounts receivable`41`	2.6m	2.1m	2.8m	3.2m	3.4m	761,165	25,000	545,475	25,000	25,000	26,637	26,352	16,773	8	23	4	175	5
Current investments`50/53`	-	3.4m	2.0m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	27,945	329,008	716,531	1.4m	51,769	130,024	312	3,677	6,560	637	1,559	3,910	1,771	679	11,471	12,565	13,856	16,383
Deferred charges and accrued income`490/1`	288,462	303,821	232,044	79,654	51,965	-	-	10,910	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.2m	6.7m	6.9m	6.4m	6.8m	2.9m	1.9m	2.5m	2.3m	1.6m	1.5m	1.3m	1.2m	1.1m	1.1m	1.1m	1.1m	1.1m
Equity`10/15`	3.2m	3.4m	6.1m	5.0m	3.3m	-18,123	41,298	234,631	269,646	318,812	350,291	375,934	396,651	428,883	458,978	478,217	497,900	517,969
Contributions`10/11`	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	-	1.1m	1.1m	1.1m	-
Capital`10`	1.1m	1.1m	1.1m	1.1m	1.1m	-	-	-	-	-	-	-	-	1.1m	-	-	-	1.1m
Issued capital`100`	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m
Reserves`13`	1.0m	1.0m	1.0m	777,270	166,820	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-distributable reserves`130/1`	166,820	166,820	166,820	166,820	166,820	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	166,820	166,820	166,820	166,820	166,820	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	778,694	842,000	842,000	610,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	63,306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	1.1m	1.3m	4.0m	3.2m	2.1m	-1.1m	-1.0m	-839,244	-804,229	-755,062	-723,584	-697,941	-677,224	-644,992	-614,896	-595,658	-575,975	-555,906
Amounts payable`17/49`	10,724	3.4m	810,630	1.4m	3.5m	2.9m	1.8m	2.3m	2.0m	1.3m	1.2m	960,983	795,483	673,135	656,740	641,379	625,951	611,712
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	233,427	233,427	233,427	233,427	233,427	233,427	233,427	233,427	233,426
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	233,427	233,427	233,427	233,427	233,427	233,427	233,427	233,427	233,426
Amounts payable within one year`42/48`	1,237	3.3m	801,272	1.3m	3.4m	2.9m	1.8m	2.0m	1.8m	901,514	793,707	586,203	433,855	338,355	337,355	337,389	337,355	337,473
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,000
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,000
Trade debts`44`	1,237	-	235,640	279,146	569,078	5,936	676	14,270	4,085	5,659	3,351	2,348	-	-	-	-	-	-
Suppliers`440/4`	1,237	-	235,640	279,146	569,078	5,936	676	14,270	4,085	5,659	3,351	2,348	-	-	-	-	-	-
Advances received on contracts in progress`46`	-	-	-	272,688	-	1.2m	-	-	-	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	-	527,184	565,632	652,196	592,467	-	-	-	-	-	-	-	-	-	-	34	-	118
Taxes`450/3`	-	239,132	565,632	652,196	592,467	-	-	-	-	-	-	-	-	-	-	34	-	118
Remuneration and social security`454/9`	-	288,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amounts payable`47/48`	-	2.8m	-	145,000	2.3m	1.7m	1.8m	2.0m	1.8m	895,855	790,355	583,855	433,855	338,355	337,355	337,355	337,355	213,355
Accrued charges and deferred income`492/3`	9,487	9,357	9,358	9,357	93,098	53,622	22,858	262,536	222,699	180,721	157,809	141,353	128,201	101,353	85,958	70,564	55,169	40,813
Income statement
Non-recurring operating income`76A`	9,757	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	-248,374	-103,867	1.2m	2.1m	4.5m	-26,838	-159,530	-106	-1,058	-129	-793	-217	-481	-7,180	2,322	1,745	2,466	3,043
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	-	-	2,797	2,797	2,797	2,797	2,797	2,797	2,797	2,797	2,796
Other operating charges`640/8`	2,350	156	1,268	884	2,321	1,697	2,931	5,773	5,925	5,524	5,536	4,463	4,534	3,168	1,833	1,713	1,860	1,734
Operating profit (loss)`9901`	-250,724	-104,023	1.2m	2.1m	4.5m	-28,535	-162,462	-5,879	-6,983	-8,451	-9,127	-7,477	-7,813	-13,145	-2,308	-2,765	-2,192	-1,487
Financial income`75/76B`	86,769	188,232	161,263	39,689	41,965	-	10,410	10,910	-	52	7	11	-	-	10	22	31	-
Recurring financial income`75`	86,769	188,232	161,263	39,689	41,965	-	10,410	10,910	-	52	7	11	-	3	10	22	31	19
Financial charges`65/66B`	1,152	150	455	14,848	39,618	30,887	41,281	40,046	42,184	23,080	16,521	13,250	11,609	-	16,940	16,940	17,908	-
Recurring financial charges`65`	180	150	455	14,848	39,618	30,887	41,281	40,046	42,184	23,080	16,521	13,250	11,609	16,948	16,940	16,940	17,908	18,722
Non-recurring financial charges`66B`	972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-165,107	84,059	1.3m	2.1m	4.5m	-59,422	-193,333	-35,015	-49,166	-31,479	-25,641	-20,717	-19,421	-30,090	-19,238	-19,683	-20,069	-9,566
Income taxes`67/77`	-	-49,212	276,719	379,729	1.2m	-	-	-	-	-	2	-	-	6	-	-	-	-
Profit (loss) for the period`9904`	-165,107	133,271	1.0m	1.7m	3.3m	-59,422	-193,333	-35,015	-49,166	-31,479	-25,643	-20,717	-19,421	-30,096	-19,238	-19,683	-20,069	-9,566
Transfer from tax-exempt reserves`789`	63,306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	231,550	610,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-101,801	133,271	802,630	1.1m	3.3m	-59,422	-193,333	-35,015	-49,166	-31,479	-25,643	-20,717	-19,421	-30,096	-19,238	-19,683	-20,069	-9,566
Appropriation of the result
Profit (loss) to be appropriated`9906`	1.2m	4.1m	4.0m	3.2m	2.2m	-1.1m	-1.0m	-839,244	-804,229	-755,062	-723,584	-697,941	-677,224	-644,992	-614,896	-595,658	-575,975	-555,906
Profit (loss) brought forward from the previous period`14P`	1.3m	4.0m	3.2m	2.1m	-1.1m	-	-	-	-	-	-	-	-	-614,896	-	-	-	-546,340
Transfer to equity`691/2`	63,306	-	-	-	166,820	-	-	-	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	166,820	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	63,306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	2.8m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	2.8m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	27-07-2026	2026-00343987	PDF
31-12-2024	abbreviated format	03-07-2025	2025-00232013	PDF
31-12-2023	abbreviated format	17-09-2024	2024-00464347	PDF
31-12-2022	abbreviated format	18-07-2023	2023-00249655	PDF
31-12-2021	micro format	11-07-2022	2022-20176631	PDF
31-12-2020	micro format	16-07-2021	2021-36300291	PDF
31-12-2019	micro format	17-07-2020	2020-31400103	PDF
31-12-2018	micro format	17-07-2019	2019-33800210	PDF
31-12-2017	micro format	13-07-2018	2018-32600060	PDF
31-12-2016	abbreviated format	10-07-2017	2017-29000562	PDF
31-12-2015	abbreviated format	28-06-2016	2016-23100456	PDF
31-12-2014	abbreviated format	18-09-2015	2015-59100298	PDF
31-12-2013	abbreviated format	03-07-2014	2014-26700166	PDF
31-12-2012	abbreviated format	29-08-2013	2013-51700091	PDF
31-12-2011	abbreviated format	13-07-2012	2012-29900587	PDF
31-12-2010	abbreviated format	06-07-2011	2011-27000501	PDF
31-12-2009	abbreviated format	05-07-2010	2010-27800151	PDF
31-12-2008	abbreviated format	13-08-2009	2009-57700099	PDF
31-12-2007	abbreviated format	10-07-2008	2008-39200385	PDF
31-12-2006	abbreviated format	12-07-2007	2007-38700281	PDF
31-12-2005	abbreviated format	12-07-2006	2006-44400213	PDF
31-12-2004	abbreviated format	08-08-2005	2005-62700246	PDF
31-12-2003	abbreviated format	15-07-2004	2004-45400010	PDF
31-12-2002	abbreviated format	02-07-2003	2003-33500216	PDF
31-12-2001	abbreviated format	03-07-2002	2002-31700224	PDF
31-12-2000	abbreviated format	13-07-2001	2001-36800133	PDF
31-12-1999	abbreviated format	29-06-2000	2000-29700227	PDF
31-12-1998	full format	12-07-1999	1999-31903458	PDF
31-12-1997	full format	16-09-1998	1998-46804192	PDF
31-12-1995	full format	03-12-1996	1996-52104948	PDF
31-12-1994	full format	24-11-1995	1995-57803044	PDF
31-12-1993	full format	19-04-1995	1995-05803483	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010	2009	2008	2007
EBITDA	-	-	-	-	-	-	-	-	-	-5,653	-6,329	-4,680	-5,015	-10,348	489	32	606	1,309
Cash flow	-	-	-	-	-	-	-	-	-	-28,681	-22,846	-17,919	-16,624	-27,299	-16,441	-16,886	-17,271	-6,770
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	-	64,057	104,596	203,180	116,555	80,180	-0	0	0	1	-
Change in cash	-301,063	-387,523	-720,681	1.4m	-78,255	129,711	-3,365	-2,883	5,922	-922	-2,351	2,139	-	-10,792	-1,094	-1,292	-2,527	-
Working capital	3.2m	3.4m	6.1m	5.0m	3.4m	35,003	63,660	496,671	-1.2m	-856,570	-746,204	-536,634	-415,312	-337,184	-325,281	-324,235	-322,743	-319,827
Solvency	99.7%	50.2%	88.2%	78.7%	48.6%	-0.6%	2.2%	9.3%	11.9%	19.5%	22.8%	28.1%	33.3%	38.9%	41.1%	42.7%	44.3%	45.9%
Current ratio	-	2.01	8.58	4.74	2.00	1.01	1.03	1.24	0.34	0.05	0.06	0.08	0.04	0.00	0.04	0.04	0.04	0.05
Quick ratio	-	1.99	8.22	4.15	1.65	0.37	0.08	0.34	0.34	0.05	0.06	0.08	0.04	0.00	0.04	0.04	0.04	0.05
Debt to equity	0.00	0.99	0.13	0.27	1.06	-	44.76	9.78	7.37	4.13	3.38	2.56	2.01	1.57	1.43	1.34	1.26	1.18
ROE	-5.1%	3.9%	17.1%	34.0%	100.5%	-	-468.1%	-14.9%	-18.2%	-9.9%	-7.3%	-5.5%	-4.9%	-7.0%	-4.2%	-4.1%	-4.0%	-1.8%
ROA	-5.1%	2.0%	15.0%	26.8%	48.8%	-2.0%	-10.2%	-1.4%	-2.2%	-1.9%	-1.7%	-1.5%	-1.6%	-2.7%	-1.7%	-1.8%	-1.8%	-0.8%
Interest coverage	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.61	-	-	-	0.07

VISMIJNPARK

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

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