VM PROGRESS
Annual accounts 2025
abbreviated format, filed on 30-04-2026, on the day of the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €110,000 and €350,000.
Balance sheet
balance sheet total €117,142 on 30-09-2025Position in the sector
40.4%
Higher than 51% of 603 companies in 2025.
1.27
Higher than 37% of 596 companies in 2025.
39.6%
Higher than 95% of 598 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
117,142 | |
21/28 |
28,230 | |
22/27 |
28,230 | |
24 |
28,230 | |
29/58 |
88,912 | |
40/41 |
51,635 | |
40 |
47,027 | |
41 |
4,608 | |
54/58 |
37,278 | |
| Balance sheet: equity and liabilities | ||
10/49 |
117,142 | |
10/15 |
47,376 | |
10/11 |
1,000 | |
14 |
46,376 | |
17/49 |
69,767 | |
42/48 |
69,767 | |
44 |
39,366 | |
440/4 |
2,103 | |
441 |
37,263 | |
45 |
30,401 | |
450/3 |
16,287 | |
454/9 |
14,114 | |
| Income statement | ||
9900 |
65,525 | |
630 |
2,060 | |
640/8 |
851 | |
9901 |
62,614 | |
65/66B |
122 | |
65 |
122 | |
9903 |
62,493 | |
67/77 |
16,117 | |
9904 |
46,376 | |
9905 |
46,376 | |
| Appropriation of the result | ||
9906 |
46,376 | |
| Document | ||
The notes to these accounts have 5 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 30-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00103320 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 64,674 | ||
| 48,435 | ||
| 30,290 | ||
| 19,146 | ||
| 40.4% | ||
| 1.27 | ||
| 1.47 | ||
| 97.9% | ||
| 39.6% | ||
| over 100 |
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.
Investments
fixed assets acquired| Item | 30-09-2025 |
|---|---|
| Tangible fixed assets | €30,290 |
| €2,060 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on VM PROGRESS
Debt's share of the balance-sheet total is 59.6%.