VNKR (0696.876.110): financials and annual accounts

VNKR

Antwerp ·KBO/BCE: BE 0696.876.110

Line	2025	2024	2023	2022	2021	2020	2019	2018
Balance sheet: assets
Total assets`20/58`	127,430	121,653	149,041	152,426	162,524	140,605	66,172	65,383
Fixed assets`21/28`	26,596	34,874	51,681	73,859	71,166	72,134	42,108	24,864
Intangible fixed assets`21`	1,486	2,231	2,976	3,721	-	-	-	-
Tangible fixed assets`22/27`	25,110	32,643	48,705	70,138	70,416	71,384	41,358	24,614
Plant, machinery and equipment`23`	16,959	23,904	41,762	60,807	41,801	37,016	10,011	5,209
Furniture and vehicles`24`	5,419	5,154	6,943	9,331	3,504	1,537	710	-
Other tangible fixed assets`26`	2,732	3,586	-	0	25,111	32,832	30,637	19,405
Financial fixed assets`28`	-	-	-	0	750	750	750	250
Current assets`29/58`	100,834	86,779	97,360	78,567	91,358	68,472	24,064	40,519
Amounts receivable within one year`40/41`	41,090	43,089	41,555	42,676	35,887	13,594	9,281	24,630
Trade receivables`40`	32,804	41,039	39,792	35,679	35,887	13,594	9,281	24,630
Other amounts receivable`41`	8,285	2,051	1,763	6,997	-	-	-	-
Current investments`50/53`	-	24	-	-	0	4,479	3,170	-
Cash at bank and in hand`54/58`	58,697	39,929	55,566	34,833	51,576	45,626	11,614	13,804
Deferred charges and accrued income`490/1`	1,048	3,736	239	1,058	3,895	4,773	0	2,085
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	127,430	121,653	149,041	152,426	162,524	140,605	66,172	65,383
Equity`10/15`	94,653	79,278	101,617	92,349	90,125	78,727	48,595	47,193
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	12,400	12,400	12,400
Issued capital`100`	-	-	-	-	-	-	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	6,200	6,200
Reserves`13`	71,525	71,525	71,525	71,525	71,525	66,327	36,195	1,860
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-
Distributable reserves`133`	69,665	69,665	69,665	69,665	69,665	64,467	34,335	-
Profit (loss) carried forward`14`	4,528	-10,847	11,492	2,224	0	-	0	32,933
Amounts payable`17/49`	32,777	42,375	47,424	60,077	72,399	61,879	17,577	18,190
Amounts payable after more than one year`17`	289	5,291	11,085	21,648	10,384	19,036	2,604	-
Financial debts`170/4`	289	5,291	11,085	21,648	10,384	19,036	2,604	-
Amounts payable within one year`42/48`	32,488	37,084	36,339	38,429	62,016	42,842	14,972	18,190
Current portion of amounts payable after more than one year`42`	6,148	10,131	11,307	14,607	8,653	8,514	10,746	-
Financial debts`43`	2,103	3,134	648	2,873	1,831	-	-	-
Credit institutions`430/8`	2,103	3,134	648	2,873	1,831	-	-	-
Trade debts`44`	11,802	7,781	5,277	11,028	10,307	14,857	3,282	7,269
Suppliers`440/4`	11,802	7,781	5,277	11,028	10,307	14,857	3,282	7,269
Advances received on contracts in progress`46`	372	462	2,420	-	-	-	-	-
Taxes, remuneration and social security`45`	10,653	11,659	12,946	9,601	15,586	13,326	417	9,215
Taxes`450/3`	10,641	11,659	12,946	5,042	13,749	13,326	417	9,215
Remuneration and social security`454/9`	13	-	0	4,558	1,837	-	-	-
Other amounts payable`47/48`	1,410	3,918	3,741	320	25,639	6,145	527	1,706
Income statement
Non-recurring operating income`76A`	4,323	1,138	0	10,579	-	-	-	-
Gross operating margin`9900`	48,233	15,131	56,165	44,434	73,763	61,654	19,748	52,231
Remuneration, social security and pensions`62`	8,504	-	-	-	2,130	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	20,118	34,690	41,096	36,789	33,828	25,128	15,659	7,032
Other operating charges`640/8`	2,467	2,303	2,360	2,393	713	353	673	1,188
Non-recurring operating charges`66A`	366	-	0	1,652	-	-	-	-
Operating profit (loss)`9901`	16,777	-21,862	12,709	3,600	37,093	36,174	3,417	44,011
Financial income`75/76B`	8	1,256	10	6	74	49	97	78
Recurring financial income`75`	8	1,256	10	6	74	49	97	78
Financial charges`65/66B`	1,335	1,620	2,002	1,078	741	1,076	1,886	697
Recurring financial charges`65`	1,335	1,620	2,002	1,078	741	1,076	1,886	697
Profit (loss) for the period before taxes`9903`	15,451	-22,226	10,717	2,527	36,425	35,146	1,628	43,393
Income taxes`67/77`	101	113	1,449	302	7,698	5,015	225	7,800
Profit (loss) for the period`9904`	15,349	-22,339	9,268	2,224	28,727	30,131	1,403	35,593
Profit (loss) for the period to be appropriated`9905`	15,349	-22,339	9,268	2,224	28,727	30,131	1,403	35,593
Appropriation of the result
Profit (loss) to be appropriated`9906`	4,528	-10,847	11,492	2,224	28,727	30,131	34,335	35,593
Profit (loss) brought forward from the previous period`14P`	-10,821	11,492	2,224	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	0	5,198	30,131	34,335	1,860
To the legal reserve`6920`	-	-	-	-	-	-	0	1,860
To other reserves`6921`	-	-	-	0	5,198	30,131	34,335	-
Profit to be distributed`694/7`	-	-	-	0	23,529	-	0	800
Return on contributions (dividend)`694`	-	-	-	0	23,529	-	0	800
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	23-07-2026	2026-00337910	PDF
31-12-2024	micro format	29-07-2025	2025-00345845	PDF
31-12-2023	micro format	24-07-2024	2024-00291941	PDF
31-12-2022	micro format	11-07-2023	2023-00242123	PDF
31-12-2021	micro format	27-06-2022	2022-20095218	PDF
31-12-2020	micro format	30-06-2021	2021-30200404	PDF
31-12-2019	micro format	31-07-2020	2020-37400553	PDF
31-12-2018	micro format	29-08-2019	2019-60900525	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018
EBITDA	36,896	12,828	53,805	40,389	70,921	61,301	19,076	51,043
Cash flow	35,467	12,351	50,364	39,014	62,555	55,259	17,062	42,625
Investment in fixed assets	14,461	18,174	18,918	66,305	32,860	55,154	32,903	31,646
Change in cash	18,768	-15,638	20,733	-16,743	5,950	34,012	-2,191	-
Working capital	68,346	49,694	61,021	40,138	29,342	25,629	9,092	22,329
Solvency	74.3%	65.2%	68.2%	60.6%	55.5%	56.0%	73.4%	72.2%
Current ratio	3.10	2.34	2.68	2.04	1.47	1.60	1.61	2.23
Debt to equity	0.35	0.53	0.47	0.65	0.80	0.79	0.36	0.39
ROE	16.2%	-28.2%	9.1%	2.4%	31.9%	38.3%	2.9%	75.4%
ROA	12.0%	-18.4%	6.2%	1.5%	17.7%	21.4%	2.1%	54.4%
Interest coverage	27.64	7.92	26.87	37.45	95.66	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€14,461	€18,174	€18,918	€62,580	€32,860
Intangible fixed assets	-	-	-	€3,725	-
Financial fixed assets	€0	-	-	-	-
Depreciation and write-downs of the year	€20,118	€34,690	€41,096	€36,789	€33,828

VNKR

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency74.3%

Current ratio3.10

Return on assets12.0%

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €165 awarded, €165 paid

Key figures and ratios

Investments

Insights on VNKR

Next steps