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VNKR

Active
Private limited companyfounded 2018active for 8 yearsHessenplein 2, 2000 Antwerpen, BelgiumKBO/BCE: BE 0696.876.110

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-07-2026 at the NBB all 8 filings

Turnover
≈ €140,000
Estimated: probably between €91,000 and €180,000
Total assets
€127,430▲ 4.7%
2024 · €121,653
Net result
€15,349
2024 · -€22,339
Working capital
€68,346▲ 37.5%
2024 · €49,694
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a profit of €16,777, after a loss of €21,862 in 2024.

Operating result€16,777 2025 Net result€15,349 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€44,011-€3,417▼ 92.2%€36,174▲ 959%€37,093▲ 2.5%€3,600▼ 90.3%€12,709▲ 253%-€21,862€16,777
Net result€35,593-€1,403▼ 96.1%€30,131within the sector's middle half▲ 21×€28,727within the sector's middle half▼ 4.7%€2,224within the sector's middle half▼ 92.3%€9,268within the sector's middle half▲ 317%-€22,339below the sector's middle half€15,349within the sector's middle half
Equity€47,193-€48,595▲ 3.0%€78,727within the sector's middle half▲ 62.0%€90,125within the sector's middle half▲ 14.5%€92,349within the sector's middle half▲ 2.5%€101,617within the sector's middle half▲ 10.0%€79,278within the sector's middle half▼ 22.0%€94,653within the sector's middle half▲ 19.4%
Total assets€65,383-€66,172▲ 1.2%€140,605within the sector's middle half▲ 112%€162,524within the sector's middle half▲ 15.6%€152,426within the sector's middle half▼ 6.2%€149,041within the sector's middle half▼ 2.2%€121,653within the sector's middle half▼ 18.4%€127,430within the sector's middle half▲ 4.7%
Debt€18,190-€17,577▼ 3.4%€61,879▲ 252%€72,399▲ 17.0%€60,077▼ 17.0%€47,424▼ 21.1%€42,375▼ 10.6%€32,777▼ 22.6%
Working capital€22,329-€9,092▼ 59.3%€25,629within the sector's middle half▲ 182%€29,342within the sector's middle half▲ 14.5%€40,138within the sector's middle half▲ 36.8%€61,021within the sector's middle half▲ 52.0%€49,694within the sector's middle half▼ 18.6%€68,346within the sector's middle half▲ 37.5%
Solvency72.2%-73.4%▲ 1.3pp56.0%within the sector's middle half▼ 17.4pp55.5%within the sector's middle half▼ 0.5pp60.6%within the sector's middle half▲ 5.1pp68.2%within the sector's middle half▲ 7.6pp65.2%within the sector's middle half▼ 3.0pp74.3%within the sector's middle half▲ 9.1pp
Current ratio2.23-1.61▼ 0.621.60within the sector's middle half▼ 0.011.47within the sector's middle half▼ 0.132.04within the sector's middle half▲ 0.572.68within the sector's middle half▲ 0.632.34within the sector's middle half▼ 0.343.10within the sector's middle half▲ 0.76
Return on assets (ROA)54.4%-2.1%▼ 52.3pp21.4%within the sector's middle half▲ 19.3pp17.7%within the sector's middle half▼ 3.8pp1.5%within the sector's middle half▼ 16.2pp6.2%within the sector's middle half▲ 4.8pp-18.4%below the sector's middle half▼ 24.6pp12.0%within the sector's middle half▲ 30.4pp
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127,430
Fixed assets €26,596 ▼ 23.7%
Current assets €100,834 ▲ 16.2%
Equity and liabilities €127,430
Equity €94,653 ▲ 19.4%
Debt €32,777 ▼ 22.6%
Debt's share of the balance-sheet total falls from 34.8% to 25.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€36,896▲
2024 · €12,828
Cash flow
€35,467▲
2024 · €12,351
Debt to equity
0.35▼
2024 · 0.53
ROE
16.2%▲
2024 · -28.2%
Interest coverage
27.64▲
2024 · 7.92
Debt ≤ 1 year
€32,488▼
2024 · €37,084
Debt > 1 year
€289▼
2024 · €5,291
Income taxes
€101▼
2024 · €113
Staff costs
€8,504
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€32,860€62,580€18,918€18,174€14,461
Intangible fixed assets-€3,725---
Financial fixed assets----€0
Depreciation and write-downs of the year€33,828€36,789€41,096€34,690€20,118

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 · 1 entry · €165 awarded · €165 paid
Schemes
1 entry · €165 · €165 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as VNKR: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €108,000 and €147,000, founded in 2018.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
VNKR Antwerpen2018€127,430€94,653€48,233€15,3492025
Ndaku Antwerpen2018€107,648€90,112€55,309€34,5832025
grove lust Antwerpen2018€123,380€42,759€40,781€24,1592025
Tales of fashion Nazareth-De Pinte2018€127,689€31,059€51,148€37,6002025
KAMEE Grimbergen2018€132,363€18,711€45,443€33,0752025
RISK ENABLERS Zaventem2018€119,396€99,914€42,140€23,3062025
Heyvaert De Sutter Consulting Merchtem2018€146,644€44,285€45,210€23,8252025

They were chosen from the 7,100 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 26,972 companies had the same profile as VNKR has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of VNKR itself is lower: < 0.1% within 12 months. It rests on far more data about VNKR than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for VNKR. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€121,653€127,430▲
Fixed assets21/28€34,874€26,596▼
Intangible fixed assets21€2,231€1,486▼
Tangible fixed assets22/27€32,643€25,110▼
Plant, machinery and equipment23€23,904€16,959▼
Furniture and vehicles24€5,154€5,419▲
Other tangible fixed assets26€3,586€2,732▼
Current assets29/58€86,779€100,834▲
Amounts receivable within one year40/41€43,089€41,090▼
Trade receivables40€41,039€32,804▼
Other amounts receivable41€2,051€8,285▲
Current investments50/53€24-
Cash at bank and in hand54/58€39,929€58,697▲
Deferred charges and accrued income490/1€3,736€1,048▼
Equity and liabilities
Total equity and liabilities10/49€121,653€127,430▲
Equity10/15€79,278€94,653▲
Contributions10/11€18,600€18,600=
Reserves13€71,525€71,525=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€69,665€69,665=
Profit (loss) carried forward14-€10,847€4,528▲
Amounts payable17/49€42,375€32,777▼
Amounts payable after more than one year17€5,291€289▼
Financial debts170/4€5,291€289▼
Amounts payable within one year42/48€37,084€32,488▼
Current portion of amounts payable after more than one year42€10,131€6,148▼
Financial debts43€3,134€2,103▼
Credit institutions430/8€3,134€2,103▼
Trade debts44€7,781€11,802▲
Suppliers440/4€7,781€11,802▲
Advances received on contracts in progress46€462€372▼
Taxes, remuneration and social security45€11,659€10,653▼
Taxes450/3€11,659€10,641▼
Remuneration and social security454/9-€13
Other amounts payable47/48€3,918€1,410▼
Income statement Code20242025
Non-recurring operating income76A€1,138€4,323▲
Remuneration, social security and pensions62-€8,504
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,690€20,118▼
Other operating charges640/8€2,303€2,467▲
Non-recurring operating charges66A-€366
Gross operating margin9900€15,131€48,233▲
Operating profit (loss)9901-€21,862€16,777▲
Financial income75/76B€1,256€8▼
Recurring financial income75€1,256€8▼
Financial charges65/66B€1,620€1,335▼
Recurring financial charges65€1,620€1,335▼
Profit (loss) for the period before taxes9903-€22,226€15,451▲
Income taxes67/77€113€101▼
Profit (loss) for the period9904-€22,339€15,349▲
Profit (loss) for the period to be appropriated9905-€22,339€15,349▲
Appropriation of the result
Profit (loss) to be appropriated9906-€10,847€4,528▲
Profit (loss) brought forward from the previous period14P€11,492-€10,821▼

The notes to these accounts have 15 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€10,579€0€1,138€4,323▲ 280%
Remuneration, social security and pensions62---€2,130---€8,504-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,032€15,659€25,128€33,828€36,789€41,096€34,690€20,118▼ 42.0%
Other operating charges640/8---€713€2,393€2,360€2,303€2,467▲ 7.1%
Non-recurring operating charges66A----€1,652€0-€366-
Gross operating margin9900€52,231€19,748€61,654€73,763€44,434€56,165€15,131€48,233▲ 219%
Operating profit (loss)9901€44,011€3,417€36,174€37,093€3,600€12,709-€21,862€16,777-
Financial income75/76B---€74€6€10€1,256€8▼ 99.4%
Recurring financial income75€78€97€49€74€6€10€1,256€8▼ 99.4%
Financial charges65/66B---€741€1,078€2,002€1,620€1,335▼ 17.6%
Recurring financial charges65€697€1,886€1,076€741€1,078€2,002€1,620€1,335▼ 17.6%
Profit (loss) for the period before taxes9903€43,393€1,628€35,146€36,425€2,527€10,717-€22,226€15,451-
Income taxes67/77€7,800€225€5,015€7,698€302€1,449€113€101▼ 10.3%
Profit (loss) for the period9904€35,593€1,403€30,131€28,727€2,224€9,268-€22,339€15,349-
Profit (loss) for the period to be appropriated9905€35,593€1,403€30,131€28,727€2,224€9,268-€22,339€15,349-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€65,383€66,172€140,605€162,524€152,426€149,041€121,653€127,430▲ 4.7%
Fixed assets21/28€24,864€42,108€72,134€71,166€73,859€51,681€34,874€26,596▼ 23.7%
Intangible fixed assets21----€3,721€2,976€2,231€1,486▼ 33.4%
Tangible fixed assets22/27€24,614€41,358€71,384€70,416€70,138€48,705€32,643€25,110▼ 23.1%
Plant, machinery and equipment23---€41,801€60,807€41,762€23,904€16,959▼ 29.1%
Furniture and vehicles24---€3,504€9,331€6,943€5,154€5,419▲ 5.1%
Other tangible fixed assets26---€25,111€0-€3,586€2,732▼ 23.8%
Financial fixed assets28€250€750€750€750€0----
Current assets29/58€40,519€24,064€68,472€91,358€78,567€97,360€86,779€100,834▲ 16.2%
Amounts receivable within one year40/41€24,630€9,281€13,594€35,887€42,676€41,555€43,089€41,090▼ 4.6%
Trade receivables40---€35,887€35,679€39,792€41,039€32,804▼ 20.1%
Other amounts receivable41----€6,997€1,763€2,051€8,285▲ 304%
Current investments50/53-€3,170€4,479€0--€24--
Cash at bank and in hand54/58€13,804€11,614€45,626€51,576€34,833€55,566€39,929€58,697▲ 47.0%
Deferred charges and accrued income490/1---€3,895€1,058€239€3,736€1,048▼ 72.0%
Equity and liabilities
Total equity and liabilities10/49€65,383€66,172€140,605€162,524€152,426€149,041€121,653€127,430▲ 4.7%
Equity10/15€47,193€48,595€78,727€90,125€92,349€101,617€79,278€94,653▲ 19.4%
Contributions10/11€12,400€12,400-€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€36,195€66,327€71,525€71,525€71,525€71,525€71,525=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133---€69,665€69,665€69,665€69,665€69,665=
Profit (loss) carried forward14€32,933€0-€0€2,224€11,492-€10,847€4,528-
Amounts payable17/49€18,190€17,577€61,879€72,399€60,077€47,424€42,375€32,777▼ 22.6%
Amounts payable after more than one year17-€2,604€19,036€10,384€21,648€11,085€5,291€289▼ 94.5%
Financial debts170/4---€10,384€21,648€11,085€5,291€289▼ 94.5%
Amounts payable within one year42/48€18,190€14,972€42,842€62,016€38,429€36,339€37,084€32,488▼ 12.4%
Current portion of amounts payable after more than one year42---€8,653€14,607€11,307€10,131€6,148▼ 39.3%
Financial debts43---€1,831€2,873€648€3,134€2,103▼ 32.9%
Credit institutions430/8---€1,831€2,873€648€3,134€2,103▼ 32.9%
Trade debts44€7,269€3,282€14,857€10,307€11,028€5,277€7,781€11,802▲ 51.7%
Suppliers440/4---€10,307€11,028€5,277€7,781€11,802▲ 51.7%
Advances received on contracts in progress46-----€2,420€462€372▼ 19.6%
Taxes, remuneration and social security45---€15,586€9,601€12,946€11,659€10,653▼ 8.6%
Taxes450/3---€13,749€5,042€12,946€11,659€10,641▼ 8.7%
Remuneration and social security454/9---€1,837€4,558€0-€13-
Other amounts payable47/48---€25,639€320€3,741€3,918€1,410▼ 64.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€35,593€1,403€30,131€28,727€2,224€9,268-€22,339€15,349-
+ Depreciation and write-downs630€7,032€15,659€25,128€33,828€36,789€41,096€34,690€20,118▼ 42.0%
Operating cash flow (approximation)€42,625€17,062€55,259€62,555€39,014€50,364€12,351€35,467▲ 187%
Investment in fixed assets (approximation)--€32,903-€55,154-€32,860-€39,482-€18,918-€17,883-€11,839▲ 33.8%
Change in cash--€2,191€34,012€5,950-€16,743€20,733-€15,638€18,768-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference Document
31-12-2025 micro format 23-07-2026 2026-00337910 NBB
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

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