Equity
Equity rose in 2025 from €57,942 to €204,318.
Equity rose in 2025 from €57,942 to €204,318.
VITAM pays its suppliers 24 days earlier than in 2024. Customers pay 10 days later.
Nine of the last ten came late. The 2018 accounts came latest: 61 days after the end of the period.
Higher net result than 95% of companies in advertising and market research. Sector median €14,764 · 8,615 companies.
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 29% of them on solvency, 51% on liquidity, 88% on profitability and 59% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,613 companies had the same profile as VITAM has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of VITAM itself: 0.3% within 12 months.
The method was tested on the 497,447 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 2,613 companies, not a prediction for VITAM. 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.
Liquidity is tight, with a current ratio of 1.32 (1.05 in 2024), below the usual 1.5. Short-term debt is 75.7% and cash 95% of total assets. 75.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VITAM Ixelles | €0.8m | €1.0m | 24.3% | - |
| SIGNTS Houthalen-Helchteren | €1.0m | €0.9m | 44.3% | 12.6 |
| NICKEL GRAPHIC STUDIO Nivelles | €0.9m | €0.7m | 59.2% | 7.7 |
| EVISO Zaventem | €0.8m | €1.2m | 52.9% | 11.1 |
| Second Floor Ixelles | €1.1m | €0.8m | 12.5% | 8.7 |
| MONA LISA Schaerbeek | €0.7m | €0.8m | 62.0% | 5.1 |
| Opus Molenbeek-Saint-Jean | €0.9m | €0.8m | 74.5% | 10.9 |
These companies have the same main activity as VITAM: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €718,000 and €1.1m, founded between 1981 and 2000.
VITAM files the micro format. That format states no turnover. The gross margin rose from €117,546 in 2006 to €970,146 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 28% of 8,614 companies in 2025.
Higher than 34% of 8,290 companies in 2025.
Higher than 95% of 8,399 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
839,502 | 1.1m | 1.0m | 994,975 | 884,384 | 1.1m | 1.4m | 1.2m | 906,806 | 598,933 | 329,472 | 362,380 | 180,964 | 73,669 | 98,868 | 84,038 | 118,127 | 92,539 | 222,721 | 136,798 | |
21/28 |
0 | 1,656 | 3,372 | 5,089 | 6,805 | 8,522 | 5,166 | 10,332 | 15,498 | 21,432 | 2,351 | 2,955 | 10,490 | 12,283 | 20,644 | 13,588 | 21,815 | 3,669 | 18,172 | 7,955 | |
22/27 |
0 | 1,656 | 3,372 | 5,089 | 6,805 | 8,522 | 5,166 | 10,332 | 15,498 | 21,432 | 2,051 | 2,655 | 5,667 | 12,283 | 20,644 | 13,588 | 21,815 | 3,669 | 18,172 | 7,955 | |
23 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | 502 | 1,004 | - | - | 413 | 827 | 1,241 | 1,656 | - | - | - | |
24 |
0 | 1,656 | 3,372 | 5,089 | 6,805 | 8,522 | 5,166 | 10,332 | 15,498 | 20,929 | 1,047 | 2,655 | 5,667 | 11,870 | 19,816 | 12,346 | 20,158 | 3,669 | 7,788 | 7,955 | |
28 |
- | - | - | - | - | - | - | - | - | 0 | 300 | 300 | 4,823 | - | - | - | - | - | - | - | |
29/58 |
839,502 | 1.1m | 1.0m | 989,887 | 877,578 | 1.1m | 1.4m | 1.2m | 891,308 | 577,501 | 327,121 | 359,425 | 170,474 | 61,386 | 78,225 | 70,450 | 96,312 | 88,870 | 204,549 | 128,843 | |
40/41 |
41,667 | 0 | 45,135 | 48,647 | 104,265 | 89,029 | 71,141 | 54,318 | 33,545 | 60,814 | 52,944 | 74,328 | 39,143 | 17,479 | 50,664 | 53,325 | 46,955 | 77,075 | 181,707 | 116,309 | |
40 |
41,667 | - | 41,227 | 48,298 | 104,265 | 89,029 | 66,596 | 54,318 | 33,545 | 60,814 | 52,944 | 74,328 | 39,143 | 17,479 | 45,572 | 52,704 | 41,472 | 70,903 | 128,831 | 27,080 | |
41 |
- | 0 | 3,908 | 349 | 0 | - | 4,545 | - | - | - | - | - | - | - | 5,092 | 622 | 5,482 | 6,172 | 52,877 | 89,230 | |
54/58 |
797,834 | 1.1m | 986,968 | 941,240 | 772,064 | 996,040 | 1.4m | 1.2m | 857,763 | 515,100 | 273,476 | 282,311 | 129,863 | 42,040 | 26,118 | 16,022 | 49,357 | 4,600 | 22,842 | 11,900 | |
490/1 |
- | 398 | 860 | 0 | 1,249 | 9 | 5,459 | 2,652 | - | 1,587 | 702 | 2,786 | 1,468 | 1,867 | 1,443 | 1,103 | - | 7,194 | 0 | 633 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
839,502 | 1.1m | 1.0m | 994,975 | 884,384 | 1.1m | 1.4m | 1.2m | 906,806 | 598,933 | 329,472 | 362,380 | 180,964 | 73,669 | 98,868 | 84,038 | 118,127 | 92,539 | 222,721 | 136,798 | |
10/15 |
204,318 | 57,942 | 113,990 | 53,608 | 45,706 | 55,594 | 55,202 | 49,232 | 710,534 | 412,994 | 173,891 | 60,727 | 52,068 | 47,840 | 46,154 | 49,315 | 47,893 | 14,191 | 44,844 | 38,514 | |
10/11 |
10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | 10,226 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | 8,366 | |
11 |
- | - | - | - | - | 10,226 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 10,226 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
107,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
106,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
86,234 | 45,857 | 101,905 | 41,523 | 33,622 | 43,509 | 43,118 | 37,147 | 698,449 | 400,909 | 161,806 | 48,642 | 39,983 | 35,755 | 34,069 | 37,230 | 35,808 | 2,106 | 32,759 | 26,429 | |
17/49 |
635,183 | 1.1m | 922,345 | 941,367 | 838,678 | 1.0m | 1.4m | 1.2m | 196,272 | 185,938 | 155,581 | 301,653 | 128,896 | 25,829 | 52,714 | 34,723 | 70,234 | 78,348 | 177,877 | 98,284 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,722 | 3,649 | 3,312 | - | 0 | 7,049 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,722 | 3,649 | 3,312 | - | 0 | 7,049 | - | |
42/48 |
635,183 | 1.1m | 919,621 | 937,356 | 838,678 | 1.0m | 1.4m | 1.2m | 196,272 | 185,938 | 155,581 | 301,653 | 121,901 | 14,107 | 29,900 | 31,411 | 70,234 | 78,348 | 155,524 | 98,284 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,722 | 1,927 | 4,664 | 2,921 | 0 | 7,049 | 7,170 | 15,833 | |
44 |
21,177 | 77,061 | 0 | 0 | 109,610 | 36,846 | 51,694 | 35,996 | 25,551 | 46,139 | 30,210 | 32,493 | 49,572 | 7,881 | 23,503 | 26,776 | 39,708 | 42,517 | 124,702 | 40,086 | |
440/4 |
21,049 | 77,061 | - | 0 | 109,610 | 36,846 | 51,694 | 35,996 | 7,866 | 46,139 | 30,210 | 32,493 | 49,572 | 7,881 | 23,503 | 26,776 | 39,708 | 42,517 | 124,702 | 40,086 | |
441 |
128 | - | - | - | - | - | - | - | 17,685 | - | - | - | - | - | - | - | - | - | - | - | |
45 |
22,835 | 14,965 | 1,085 | 32,026 | 29,508 | 270,545 | 526,217 | 158,149 | 169,185 | 139,666 | 100,371 | 117,046 | 29,634 | 2,676 | 1,564 | - | 0 | 10,858 | 23,651 | 42,365 | |
450/3 |
22,835 | 14,965 | 1,085 | 29,776 | 29,508 | 270,545 | 526,217 | 158,149 | 169,185 | 139,666 | 100,371 | 117,046 | 29,634 | 2,676 | 1,564 | - | 0 | 10,858 | 5,768 | 16,317 | |
454/9 |
0 | 0 | 0 | 2,250 | 0 | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 17,883 | 26,048 | |
47/48 |
591,171 | 982,806 | 918,536 | 905,330 | 699,559 | 730,614 | 804,105 | 1.0m | 1,536 | 133 | 25,000 | 152,114 | 40,973 | 1,624 | 170 | 1,714 | 30,526 | 17,924 | - | - | |
492/3 |
- | - | 2,724 | 4,011 | - | - | - | - | - | - | - | - | 6,995 | 10,000 | 19,165 | - | - | - | 15,305 | - | |
| Income statement | |||||||||||||||||||||
70 |
1.5m | 2.0m | 1.7m | 1.6m | 1.4m | - | - | - | - | - | - | - | - | - | - | - | 404,772 | 342,035 | 415,036 | 203,776 | |
9900 |
970,146 | 1.2m | 1.3m | 1.2m | 927,906 | 1.0m | 1.2m | 496,279 | 467,161 | 368,865 | 227,721 | 226,157 | 57,997 | 18,054 | 19,480 | 13,472 | 76,317 | 42,217 | 130,666 | 117,546 | |
60/61 |
521,125 | 726,180 | 475,354 | 375,872 | 507,628 | - | - | - | - | - | - | - | - | - | - | - | 328,454 | 299,819 | 284,370 | 86,230 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 88 | 47,772 | 102,545 | 96,571 | |
630 |
1,656 | 1,717 | 1,717 | 1,717 | 1,717 | 5,227 | 5,166 | 5,166 | 5,934 | 6,449 | 2,111 | 3,012 | 10,427 | 13,727 | 15,227 | 9,453 | 9,928 | 14,503 | 16,172 | 11,710 | |
640/8 |
998 | 968 | 960 | 884 | 868 | 941 | 1,154 | 628 | 923 | 1,005 | 1,644 | 1,063 | 1,227 | 1,728 | 971 | 1,620 | 1,986 | 2,478 | 2,380 | 348 | |
9901 |
967,492 | 1.2m | 1.3m | 1.2m | 925,321 | 1.0m | 1.2m | 490,485 | 460,304 | 361,410 | 223,966 | 222,083 | 46,343 | 2,598 | 3,283 | 2,399 | 64,315 | -22,536 | 9,569 | 8,919 | |
75/76B |
11 | 478 | 3 | 0 | 52 | 6 | 2 | 115 | 21 | 489 | 22 | 37 | 143 | 991 | 544 | 148 | 370 | 225 | 7 | 0 | |
75 |
11 | 478 | - | - | 52 | 6 | 2 | 115 | 21 | 489 | 22 | 37 | 143 | 991 | 544 | 148 | 370 | 225 | 7 | 0 | |
76B |
- | - | 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,127 | 593 | 463 | 1,588 | 1,300 | 981 | 1,552 | 1,364 | 1,582 | 1,571 | 1,908 | 2,858 | 1,181 | 518 | 692 | 1,118 | 981 | 2,593 | 1,710 | 3,283 | |
65 |
1,127 | 593 | 463 | 1,588 | 1,300 | 981 | 1,552 | 1,364 | 1,582 | 1,571 | 1,908 | 2,858 | 1,181 | 518 | 692 | 1,118 | 981 | 2,593 | 1,710 | 3,283 | |
9903 |
966,377 | 1.2m | 1.3m | 1.2m | 924,074 | 1.0m | 1.2m | 489,236 | 458,743 | 360,328 | 222,080 | 219,262 | 45,304 | 3,072 | 3,135 | 1,429 | 63,704 | -24,904 | 7,867 | 5,636 | |
67/77 |
250,000 | 324,055 | 298,394 | 324,028 | 233,961 | 280,323 | 378,297 | 150,538 | 161,204 | 121,225 | 83,915 | 70,603 | 21,076 | 521 | 6,296 | 6 | 3 | 5,749 | 36 | 0 | |
9904 |
716,377 | 902,252 | 960,382 | 907,902 | 690,113 | 730,391 | 805,971 | 338,698 | 297,539 | 239,103 | 138,165 | 148,659 | 24,228 | 2,551 | -3,161 | 1,422 | 63,701 | -30,653 | 7,830 | 5,636 | |
9905 |
716,377 | 902,252 | 960,382 | 907,902 | 690,113 | 730,391 | 805,971 | 338,698 | 297,539 | 239,103 | 138,165 | 148,659 | 24,228 | 2,551 | -3,161 | 1,422 | 63,701 | -30,653 | 7,830 | 5,636 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
762,234 | 1.0m | 1.0m | 941,523 | 733,622 | 773,509 | 843,118 | 1.0m | 698,449 | 400,909 | 186,806 | 188,642 | 59,983 | 35,755 | 34,069 | 37,230 | 65,808 | 2,106 | 32,759 | 26,429 | |
14P |
45,857 | 101,905 | 41,523 | 33,622 | 43,509 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
106,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
106,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
570,000 | 958,300 | 900,000 | 900,000 | 700,000 | 730,000 | 800,000 | 1.0m | - | - | 25,000 | 140,000 | 20,000 | - | - | - | 30,000 | - | - | - | |
694 |
570,000 | 958,300 | 900,000 | 900,000 | 700,000 | 730,000 | 800,000 | 1.0m | - | - | 25,000 | 140,000 | 20,000 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30,000 | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 2.3 | 2.3 | 4 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 3,892 | 3,892 | 6,900 | |
| Document | |||||||||||||||||||||
The accounts for 13 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 12-08-2026.
2025 annual accounts filed 12 days after the deadline. Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394435.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-08-2026 | 2026-00394435 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00428331 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00312111 | |
| 31-12-2022 | micro format | 26-08-2023 | 2023-00356786 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20364967 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-54500051 | |
| 31-12-2019 | micro format | 08-09-2020 | 2020-51700343 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68300465 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-62000012 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-48400189 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-47700198 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-54500555 | |
| 31-12-2013 | full format | 05-08-2014 | 2014-40100148 | |
| 31-12-2012 | full format | 28-08-2013 | 2013-48500430 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-46500224 | |
| 31-12-2010 | full format | 29-08-2011 | 2011-44700387 | |
| 31-12-2009 | full format | 05-08-2010 | 2010-39000456 | |
| 31-12-2008 | full format | 14-08-2009 | 2009-57900053 | |
| 31-12-2007 | full format | 08-08-2008 | 2008-54900384 | |
| 31-12-2006 | full format | 26-09-2007 | 2007-73900212 | |
| 31-12-2005 | full format | 29-09-2006 | 2006-81600329 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-79702657 | |
| 31-12-2003 | full format | 30-07-2004 | 2004-55003067 | |
| 31-12-2002 | full format | 31-07-2003 | 2003-56402601 | |
| 31-12-2001 | full format | 09-08-2002 | 2002-46605342 | |
| 31-12-2000 | full format | 01-08-2001 | 2001-46801668 | |
| 31-12-1999 | full format | 27-07-2000 | 2000-46602302 | |
| 31-12-1998 | full format | 26-11-1999 | 1999-60600414 | |
| 31-12-1997 | full format | 05-10-1998 | 1998-51302341 | |
| 31-12-1996 | full format | 18-09-1997 | 1997-44201125 | |
| 31-12-1995 | full format | 30-08-1996 | 1996-42002438 | |
| 31-12-1994 | full format | 29-01-1996 | 1996-01602705 | |
| 31-12-1991 | full format | 22-12-1992 | 1992-41401055 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 969,148 | 1.2m | 1.3m | 1.2m | 927,038 | 1.0m | 1.2m | 495,651 | 466,238 | 367,859 | 226,077 | 225,095 | 56,770 | 16,325 | 18,509 | 11,852 | 74,243 | -8,033 | 25,741 | 20,628 | ||
| 718,032 | 903,969 | 962,098 | 909,618 | 691,829 | 735,618 | 811,137 | 343,864 | 303,473 | 245,552 | 140,275 | 151,671 | 34,655 | 16,278 | 12,066 | 10,875 | 73,629 | -16,150 | 24,002 | 17,345 | ||
| -0 | 0 | 0 | 0 | 0 | 8,583 | 0 | 0 | 0 | 25,830 | 1,507 | -4,523 | 8,634 | 5,367 | 22,282 | 1,226 | 28,073 | 0 | 47,339 | 2,621 | ||
| -332,886 | 143,752 | 45,728 | 169,175 | -223,975 | -359,413 | 172,980 | 324,711 | 342,663 | 241,624 | -8,835 | 152,448 | 87,823 | 15,922 | 10,096 | -33,336 | 44,757 | -18,241 | 10,941 | - | ||
| 204,318 | 56,286 | 113,341 | 52,530 | 38,901 | 47,072 | 50,036 | 38,900 | 695,036 | 391,563 | 171,540 | 57,772 | 48,573 | 47,279 | 48,324 | 39,040 | 26,078 | 10,522 | 49,025 | 30,559 | ||
| 64.9% | 62.7% | 72.5% | 76.5% | 64.5% | - | - | - | - | - | - | - | - | - | - | - | 15.9% | -6.6% | 2.3% | 4.4% | ||
| 24.3% | 5.1% | 11.0% | 5.4% | 5.2% | 5.1% | 3.8% | 3.9% | 78.4% | 69.0% | 52.8% | 16.8% | 28.8% | 64.9% | 46.7% | 58.7% | 40.5% | 15.3% | 20.1% | 28.2% | ||
| 1.32 | 1.05 | 1.12 | 1.06 | 1.05 | 1.05 | 1.04 | 1.03 | 4.54 | 3.11 | 2.10 | 1.19 | 1.40 | 4.35 | 2.62 | 2.24 | 1.37 | 1.13 | 1.32 | 1.31 | ||
| 3.11 | 18.55 | 8.09 | 17.56 | 18.35 | 18.67 | 25.04 | 24.39 | 0.28 | 0.45 | 0.89 | 4.97 | 2.48 | 0.54 | 1.14 | 0.70 | 1.47 | 5.52 | 3.97 | 2.55 | ||
| 350.6% | - | 842.5% | - | - | - | - | 688.0% | 41.9% | 57.9% | 79.5% | 244.8% | 46.5% | 5.3% | -6.8% | 2.9% | 133.0% | -216.0% | 17.5% | 14.6% | ||
| 85.3% | 79.6% | 92.7% | 91.2% | 78.0% | 66.8% | 56.1% | 27.1% | 32.8% | 39.9% | 41.9% | 41.0% | 13.4% | 3.5% | -3.2% | 1.7% | 53.9% | -33.1% | 3.5% | 4.1% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 10 days | 0 days | 9 days | 11 days | 27 days | - | - | - | - | - | - | - | - | - | - | - | 37 days | 76 days | 113 days | 49 days | ||
| 15 days | 39 days | 0 days | 0 days | 79 days | - | - | - | - | - | - | - | - | - | - | - | 44 days | 52 days | 160 days | 170 days |
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.
The operating result for 2025 is 21% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 94.9% to 75.7%. Equity is higher and debt is lower.
VITAM has no parent and no holdings in its annual accounts. THEUNIS Geoffroy Jean Brigitte Marie is the only director. VITAM shares no director with another company.
| LuckyWay
registered office since 15-04-2011 · founded in 2011 |
total assets €119.2m (2025) 0835.562.552 |
| MOZZENO
registered office since 07-12-2015 · founded in 2015 |
24 FTE (2025) 0643.893.720 |
| ALIZEE INTERNATIONAL
registered office since 25-02-2008 · founded in 2008 |
total assets €83.7m (2025) 0895.960.789 |
| Equals Money Europe
registered office since 02-10-2012 · founded in 2012 |
24 FTE (2025) 0849.185.510 |
| European Medical Solutions
registered office since 05-06-1997 · founded in 1997 |
turnover €606,595 (2025) 0460.798.795 |
| FINANCIERE GABRIEL
registered office since 06-09-2010 · founded in 2010 |
total assets €45.9m (2025) 0829.017.923 |
| Europcar
registered office since 10-11-2016 · founded in 1973 · negative equity (2024) · accounts filed late |
81 FTE (2024) 0413.087.168 |
| THE SMILEY COMPANY
registered office since 25-02-2008 · founded in 2008 |
total assets €44.6m (2025) 0895.961.482 |
| SILVERSQUARE BELGIUM
establishment since 01-01-2020 · founded in 2008 · negative equity (2025) · group BROOKFIELD CORPORATION |
44 FTE (2025) 0806.423.356 |
| OGIMA INVEST
registered office since 08-09-1998 · founded in 1998 |
total assets €22.0m (2025) 0464.086.305 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Louizalaan 231 registered office 1050 Ixelles |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0131/00T000 | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 |
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