VLATIM
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 18-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
3 d late
2023
2 d early
2022
14 d early
2021
42 d early
2020
2 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, abbreviated schema
Equity
€562,357▲ 21.4%
2024 · €463,383
Total assets
€632,468▼ 13.8%
2024 · €734,100
Net result
€98,974
2024 · -€8,701
Working capital
€249,450▲ 234%
2024 · €74,780
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,651▲ 51.7%-€8,597▼ 135%-€11,407▼ 32.7%-€7,460▲ 34.6%€106,734
Net result-€5,791▲ 40.7%-€10,333▼ 78.4%-€13,286▼ 28.6%-€8,701▲ 34.5%€98,974
Equity€495,703▲ 1.5%€485,370▼ 2.1%€472,084▼ 2.7%€463,383▼ 1.8%€562,357▲ 21.4%
Total assets€823,329▼ 3.8%€781,879▼ 5.0%€753,248▼ 3.7%€734,100▼ 2.5%€632,468▼ 13.8%
Debt€259,787▼ 8.6%€231,286▼ 11.0%€218,558▼ 5.5%€210,728▼ 3.6%€17,844▼ 91.5%
Working capital€132,027▼ 10.8%€111,295▼ 15.7%€87,216▼ 21.6%€74,780▼ 14.3%€249,450▲ 234%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €106,734 after a loss of €7,460 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €632,468
Fixed assets
€366,291 ▼ 38.4%
Current assets
€266,177 ▲ 91.1%
Equity and liabilities €632,468
Equity
€562,357 ▲ 21.4%
Provisions
€52,267 ▼ 12.9%
Debt
€17,844 ▼ 91.5%
Debt's share of the balance-sheet total falls from 28.7% to 2.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119,218▲
2024 · €13,478
Cash flow
€111,458▲
2024 · €12,236
Current ratio
15.91▲
2024 · 2.16
Debt to equity
0.03▼
2024 · 0.45
ROE
17.6%▲
2024 · -1.9%
ROA
15.6%▲
2024 · -1.2%
Interest coverage
31.44▲
2024 · 3.50
Debt ≤ 1 year
€16,727▼
2024 · €64,542
Income taxes
€11,690▲
2024 · €7
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,000 | - | €112,297 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,967 | €20,967 | €20,690 | €20,938 | €12,484 | ▼ 40.4% |
| Other operating charges640/8 | - | €4,260 | €3,869 | €3,525 | €2,492 | ▼ 29.3% |
| Gross operating margin9900 | €21,544 | €16,630 | €13,152 | €17,002 | €121,710 | ▲ 616% |
| Operating profit (loss)9901 | -€3,651 | -€8,597 | -€11,407 | -€7,460 | €106,734 | ▲ 1,531% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €4,141 | €4,396 | €3,851 | €3,792 | ▼ 1.5% |
| Recurring financial charges65 | €4,545 | €4,141 | €4,396 | €3,851 | €3,792 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | -€8,197 | -€12,738 | -€15,803 | -€11,311 | €102,942 | ▲ 1,010% |
| Transfer from deferred taxes780 | - | €2,617 | €2,617 | €2,617 | €7,722 | ▲ 195% |
| Income taxes67/77 | €211 | €211 | €100 | €7 | €11,690 | ▲ 173,864% |
| Profit (loss) for the period9904 | -€5,791 | -€10,333 | -€13,286 | -€8,701 | €98,974 | ▲ 1,237% |
| Transfer from tax-exempt reserves789 | - | €7,850 | €7,850 | €7,850 | €23,167 | ▲ 195% |
| Profit (loss) for the period to be appropriated9905 | €2,059 | -€2,483 | -€5,436 | -€851 | €122,142 | ▲ 14,448% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €823,329 | €781,879 | €753,248 | €734,100 | €632,468 | ▼ 13.8% |
| Fixed assets21/28 | €656,006 | €635,039 | €615,715 | €594,778 | €366,291 | ▼ 38.4% |
| Tangible fixed assets22/27 | €656,006 | €635,039 | €615,715 | €594,778 | €366,291 | ▼ 38.4% |
| Land and buildings22 | - | €635,039 | €615,715 | €594,778 | €366,291 | ▼ 38.4% |
| Current assets29/58 | €167,323 | €146,840 | €137,533 | €139,323 | €266,177 | ▲ 91.1% |
| Amounts receivable within one year40/41 | €131,408 | €131,687 | €133,092 | €133,139 | €211,377 | ▲ 58.8% |
| Other amounts receivable41 | - | €131,687 | €133,092 | €133,139 | €211,377 | ▲ 58.8% |
| Cash at bank and in hand54/58 | €35,743 | €14,978 | €4,440 | €6,183 | €54,800 | ▲ 786% |
| Deferred charges and accrued income490/1 | - | €176 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €823,329 | €781,879 | €753,248 | €734,100 | €632,468 | ▼ 13.8% |
| Equity10/15 | €495,703 | €485,370 | €472,084 | €463,383 | €562,357 | ▲ 21.4% |
| Contributions10/11 | €62,200 | €62,200 | €62,200 | €62,200 | €62,200 | = |
| Capital10 | - | €62,200 | - | - | - | - |
| Issued capital100 | - | €62,200 | - | - | - | - |
| Outside capital11 | - | - | €62,200 | €62,200 | €62,200 | = |
| Other1109/19 | - | - | €62,200 | €62,200 | €62,200 | = |
| Reserves13 | €235,035 | €227,185 | €219,335 | €211,485 | €188,318 | ▼ 11.0% |
| Non-distributable reserves130/1 | - | €25,464 | €6,247 | €6,247 | €6,247 | = |
| Legal reserve130 | - | €19,217 | - | - | - | - |
| Reserves not available under the articles1311 | - | €6,247 | €6,247 | €6,247 | €6,247 | = |
| Tax-exempt reserves132 | - | €201,242 | €193,393 | €185,543 | €162,375 | ▼ 12.5% |
| Distributable reserves133 | - | €479 | €19,696 | €19,696 | €19,696 | = |
| Profit (loss) carried forward14 | €198,468 | €195,985 | €190,549 | €189,698 | €311,839 | ▲ 64.4% |
| Provisions and deferred taxes16 | €67,839 | €65,223 | €62,606 | €59,990 | €52,267 | ▼ 12.9% |
| Deferred taxes168 | - | €65,223 | €62,606 | €59,990 | €52,267 | ▼ 12.9% |
| Amounts payable17/49 | €259,787 | €231,286 | €218,558 | €210,728 | €17,844 | ▼ 91.5% |
| Amounts payable after more than one year17 | €223,561 | €195,741 | €167,176 | €146,186 | - | - |
| Financial debts170/4 | - | €195,741 | €167,176 | €146,186 | - | - |
| Amounts payable within one year42/48 | €35,295 | €35,546 | €50,317 | €64,542 | €16,727 | ▼ 74.1% |
| Current portion of amounts payable after more than one year42 | - | €27,821 | €28,565 | €20,990 | - | - |
| Trade debts44 | €569 | - | €225 | - | - | - |
| Suppliers440/4 | - | - | €225 | - | - | - |
| Taxes, remuneration and social security45 | - | €211 | €311 | - | - | - |
| Taxes450/3 | - | €211 | €311 | - | - | - |
| Other amounts payable47/48 | - | €7,514 | €21,217 | €43,552 | €16,727 | ▼ 61.6% |
| Accrued charges and deferred income492/3 | - | - | €1,065 | - | €1,116 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,791 | -€10,333 | -€13,286 | -€8,701 | €98,974 | ▲ 1,237% |
| + Depreciation and write-downs630 | €20,967 | €20,967 | €20,690 | €20,938 | €12,484 | ▼ 40.4% |
| Operating cash flow (approximation) | €15,177 | €10,635 | €7,404 | €12,236 | €111,458 | ▲ 811% |
| Investment in fixed assets (approximation) | - | €0 | -€1,366 | €0 | €216,003 | - |
| Change in cash | - | -€20,765 | -€10,537 | €1,743 | €48,617 | ▲ 2,689% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
14-01
State Gazette act
Restructuring · End & cessationMerger · Dissolution · Accounting effect5 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Dissolution · Accounting effect5 facts ▸
- General meeting, 18-12-2025
- Merger, verrichting gelijkgesteld met fusie door overneming, 18-12-2025
- Dissolution, 18-12-2025
- Accounting effect, 01-07-2025
- Power of attorney
2025
30-06
Financial
Back to profitnet €98,974
Net result €98,974 after 6 loss-making years.
30-06
Financial
Liquidity times 7current ratio 15.91
Current ratio from 2.16 to 15.91; short-term debt falls from €64,542 to €16,727.
30-06
Financial
Equity above €500,000Eq €562,357 ▲21.4%
Equity rises from €463,383 to €562,357.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerOwners 1
- WEFAparentSourceaccounts WEFA 30-06-2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:WEFA