VPS Support (0807.753.939): financials and annual accounts

Annual accounts 2024

micro format, filed on 30-06-2025, 31 days before the deadline

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 6 November 2026.

Gross margin

€198,538

▲ 29.6%

Operating result

€53,400

▼ 8.4%

Profit

€35,954

▼ 12.4%

Working capital

€153,129

▲ 31.2%

Solvency

60.4%

▲ 4.8 percentage points

Current ratio

2.65

▲ 0.38

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €590,000. Estimated: probably between €400,000 and €730,000.

Balance sheet

balance sheet total €368,451 on 31-12-2024

What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency60.4%

Higher than 66% of 35,964 companies in 2024.

Current ratio2.65

Higher than 67% of 35,362 companies in 2024.

Return on assets9.8%

Higher than 59% of 35,546 companies in 2024.

VPS Support Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff cost per FTE€60,044

Staff costs divided by the average number of full-time equivalents.

Joined and left+0

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	368,451	364,028	275,930	169,376	194,909	123,376	117,294	108,935	82,310	86,003	175,502	155,615	115,291	151,007	125,114	98,504
Fixed assets`21/28`	122,648	155,274	87,060	20,807	18,717	10,376	13,528	16,046	13,407	15,206	20,353	14,211	19,205	26,375	38,587	42,158
Intangible fixed assets`21`	1,242	2,652	4,062	5,472	6,882	-	-	-	-	1,150	2,317	34	1,630	3,813	5,669	7,547
Tangible fixed assets`22/27`	119,970	151,187	81,563	13,899	10,767	9,307	12,460	14,977	11,412	14,056	18,035	14,177	17,575	22,561	32,919	34,611
Plant, machinery and equipment`23`	15,976	15,761	7,089	4,748	2,779	-	345	689	1,114	2,359	3,241	5,478	6,190	5,385	6,166	12,752
Furniture and vehicles`24`	95,142	124,206	60,886	1,185	1,487	1,507	3,015	1,833	3,667	487	1,361	8,537	11,190	16,947	26,489	21,562
Other tangible fixed assets`26`	8,851	11,220	13,588	7,966	6,500	7,800	9,100	10,426	60	94	128	162	196	230	264	298
Financial fixed assets`28`	1,436	1,436	1,436	1,436	1,069	1,069	1,069	1,069	1,995	-	-	-	-	-	-	-
Current assets`29/58`	245,803	208,754	188,870	148,569	176,192	113,000	103,765	92,889	68,902	70,797	155,149	141,403	96,087	124,633	86,527	56,346
Stocks and contracts in progress`3`	58,268	65,659	49,646	42,329	48,712	40,795	25,778	21,451	17,826	13,528	16,197	-	-	-	-	-
Stocks`30/36`	58,268	65,659	49,646	42,329	48,712	40,795	25,778	21,451	17,826	13,528	16,197	-	-	-	-	-
Amounts receivable within one year`40/41`	70,957	60,224	48,876	47,661	45,765	30,056	52,271	48,695	38,633	47,414	104,138	135,844	88,533	120,146	86,324	56,070
Trade receivables`40`	39,095	30,562	20,806	32,414	43,648	30,056	47,871	39,527	24,528	19,344	46,605	53,600	23,594	55,633	28,323	18,084
Other amounts receivable`41`	31,862	29,662	28,071	15,247	2,118	-	4,400	9,168	14,105	28,070	57,533	82,244	64,940	64,513	58,001	37,986
Cash at bank and in hand`54/58`	111,748	78,542	85,838	53,589	78,792	39,590	2,012	2,753	13	6,524	24,731	-	-	-	-	-
Deferred charges and accrued income`490/1`	4,829	4,329	4,509	4,991	2,923	2,559	23,704	19,990	12,432	3,331	10,084	5,559	7,553	4,487	203	276
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	368,451	364,028	275,930	169,376	194,909	123,376	117,294	108,935	82,310	86,003	175,502	155,615	115,291	151,007	125,114	98,504
Equity`10/15`	222,573	202,408	162,447	114,304	108,016	51,876	32,544	27,669	31,086	33,710	30,559	29,105	35,394	27,964	46,397	42,843
Contributions`10/11`	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
Issued capital`100`	-	-	-	-	-	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000	25,000
Reserves`13`	197,573	177,408	137,447	89,304	83,016	26,876	6,086	6,086	6,086	8,710	5,559	4,105	10,394	2,964	21,397	17,843
Non-distributable reserves`130/1`	-	-	-	-	2,500	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,300	1,500	1,250
Reserves not available under the articles`1311`	-	-	-	-	2,500	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	197,573	177,408	137,447	89,304	80,516	24,376	3,586	3,586	3,586	6,210	3,059	1,605	7,894	664	19,897	16,593
Profit (loss) carried forward`14`	-	-	-	-	-	-	1,457	-3,417	-	-	-	-	-	-	-	-
Amounts payable`17/49`	145,878	161,620	113,483	55,072	86,893	71,501	84,750	81,266	51,223	52,294	144,942	126,510	79,897	123,043	78,717	55,661
Amounts payable after more than one year`17`	41,114	65,519	49,901	12,704	23,312	33,666	-	5,559	4,225	8,492	11,171	4,175	6,870	10,276	11,365	13,136
Financial debts`170/4`	41,114	65,519	49,901	12,704	23,312	33,666	-	5,559	4,225	8,492	11,171	4,175	6,870	10,276	11,365	13,136
Amounts payable within one year`42/48`	92,674	92,030	60,093	38,928	60,114	35,509	81,690	65,498	39,349	39,973	131,176	119,479	70,489	110,848	66,040	42,060
Current portion of amounts payable after more than one year`42`	24,405	25,490	22,303	19,157	10,354	10,540	5,559	9,213	4,266	5,026	6,794	3,017	3,406	3,838	12,352	824
Financial debts`43`	11,756	10,179	8,549	-	-	-	27,018	19,425	5,446	11,415	11,419	11,308	26,129	30,681	35,173	26,378
Credit institutions`430/8`	11,756	10,179	8,549	-	-	-	18,628	14,225	246	6,215	6,219	6,108	20,929	23,481	25,973	26,378
Other loans`439`	-	-	-	-	-	-	8,390	5,200	5,200	5,200	5,200	5,200	5,200	7,200	9,200	-
Trade debts`44`	27,387	32,351	14,470	5,092	23,817	9,280	21,573	34,506	21,688	20,326	23,431	36,729	26,258	26,784	9,207	8,379
Suppliers`440/4`	27,387	32,351	14,470	5,092	23,817	9,280	21,573	34,506	21,688	20,326	23,431	36,729	26,258	26,784	9,207	8,379
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	2,000	-	-	61,459	-	10,000	10,000	-	-
Taxes, remuneration and social security`45`	11,600	14,454	8,317	10,208	19,251	3,571	3,219	354	7,949	3,205	28,072	28,425	1,446	5,545	9,309	6,478
Taxes`450/3`	789	1,056	2,028	8,456	19,251	3,571	2,699	-	2,564	-	27,672	26,353	1,446	4,471	4,031	1,374
Remuneration and social security`454/9`	10,810	13,398	6,288	1,752	-	-	520	354	5,384	3,205	400	2,072	-	1,073	5,277	5,104
Other amounts payable`47/48`	17,527	9,556	6,454	4,471	6,692	12,119	24,321	-	-	-	-	40,000	3,250	34,000	-	-
Accrued charges and deferred income`492/3`	12,090	4,072	3,489	3,440	3,467	2,326	3,060	10,209	7,649	3,829	2,596	2,856	2,537	1,919	1,312	465
Income statement
Non-recurring operating income`76A`	-	-	-	-	792	-	-	-	-	1,360	-	-	4,700	-	-	-
Gross operating margin`9900`	198,538	153,158	125,761	99,750	121,795	103,184	80,701	103,862	71,636	61,560	51,259	68,156	22,396	64,645	73,374	104,232
Remuneration, social security and pensions`62`	102,075	63,949	50,371	51,743	39,452	54,027	45,297	92,933	61,847	47,514	36,912	4,305	13	16,745	39,836	44,939
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	39,878	27,385	6,030	4,222	3,375	3,152	7,040	8,135	9,293	8,912	6,882	9,656	12,360	18,003	23,541	30,951
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-84	-	-	-	-95	208	-1,666	-	-	1,761	-	-	-
Other operating charges`640/8`	3,011	3,512	3,157	4,091	3,350	14,244	2,350	2,029	3,076	2,146	1,611	1,599	1,115	1,687	1,501	1,714
Non-recurring operating charges`66A`	175	-	-	-	378	-	-	-	-	1,671	6,820	-	-	3,875	-	-
Operating profit (loss)`9901`	53,400	58,312	66,203	39,777	75,239	31,760	26,014	860	-2,789	4,654	5,854	52,596	7,146	28,210	8,496	26,628
Financial income`75/76B`	321	307	230	447	1,837	1,124	4,786	782	2,087	6,997	7,362	5,689	6,482	4,236	961	103
Recurring financial income`75`	321	307	230	447	1,837	1,124	4,786	782	2,087	6,997	7,362	5,689	6,482	4,236	961	103
Financial charges`65/66B`	3,026	2,954	720	1,457	1,480	4,319	2,226	4,286	1,711	5,709	3,978	4,898	3,956	3,759	4,156	3,171
Recurring financial charges`65`	3,026	2,954	720	1,457	1,480	4,319	2,226	4,286	1,711	5,709	3,978	4,898	3,956	3,759	4,156	3,171
Profit (loss) for the period before taxes`9903`	50,695	55,664	65,714	38,767	75,596	28,565	28,574	-2,645	-2,412	5,631	2,418	53,387	14,372	24,812	5,302	23,560
Income taxes`67/77`	14,741	14,627	15,270	9,052	19,456	9,233	5,699	773	211	2,481	963	19,677	3,692	9,244	1,747	5,717
Profit (loss) for the period`9904`	35,954	41,037	50,444	29,715	56,140	19,332	22,875	-3,417	-2,623	3,150	1,455	33,710	10,680	15,567	3,554	17,843
Profit (loss) for the period to be appropriated`9905`	35,954	41,037	50,444	29,715	56,140	19,332	22,875	-3,417	-2,623	3,150	1,455	33,710	10,680	15,567	3,554	17,843
Appropriation of the result
Profit (loss) to be appropriated`9906`	35,954	41,037	50,444	29,715	56,140	20,790	19,457	-3,417	-2,623	3,150	1,455	33,710	10,680	15,567	3,554	17,843
Transfer from equity`791/2`	15,789	-	-	-	-	-	-	-	2,623	-	-	6,290	-	19,233	-	-
Transfer to equity`691/2`	35,954	39,961	48,144	6,287	56,140	20,790	-	-	-	3,150	1,455	-	7,430	800	3,554	17,843
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	200	800	250	1,250
To other reserves`6921`	35,954	39,961	48,144	6,287	56,140	20,790	-	-	-	3,150	1,455	-	7,230	-	3,304	16,593
Profit to be distributed`694/7`	15,789	1,077	2,300	23,428	-	-	18,000	-	-	-	-	40,000	3,250	34,000	-	-
Return on contributions (dividend)`694`	15,789	-	-	23,428	-	-	18,000	-	-	-	-	40,000	3,250	34,000	-	-
Employees`696`	-	1,077	2,300	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	1.7	1.1	1	1	1	1	1	1.9	1.7	1	1.1	0.2	-	0.3	1	0.9
Hours worked`1013`	2,866	1,889	1,676	1,756	1,540	1,696	1,434	3,086	2,795	1,756	1,784	274	-	703	1,776	1,992
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The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 30-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	30-06-2025	2025-00209370	PDF
31-12-2023	micro format	05-08-2024	2024-00333873	PDF
31-12-2022	micro format	22-06-2023	2023-00159282	PDF
31-12-2021	micro format	26-07-2022	2022-20240113	PDF
31-12-2020	micro format	16-07-2021	2021-36800302	PDF
31-12-2019	micro format	02-07-2020	2020-25600358	PDF
31-12-2018	micro format	08-07-2019	2019-30200526	PDF
31-12-2017	micro format	26-07-2018	2018-38900065	PDF
31-12-2016	abbreviated format	04-07-2017	2017-26500237	PDF
31-12-2015	abbreviated format	12-07-2016	2016-30700046	PDF
31-12-2014	abbreviated format	23-07-2015	2015-32800218	PDF
31-12-2013	abbreviated format	30-09-2014	2014-61500581	PDF
31-12-2012	abbreviated format	30-09-2013	2013-60000017	PDF
31-12-2011	abbreviated format	17-08-2012	2012-41200310	PDF
31-12-2010	abbreviated format	15-11-2011	2011-61200403	PDF
31-12-2009	abbreviated format	08-11-2010	2010-60100458	PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €554 awarded, €554 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€554

Year	Entries	Awarded	Paid
2025	1	€321	€321
2024	1	€75	€75
2023	1	€45	€45
2022	1	€113	€113

Key figures and ratios

per financial year, computed from the annual accounts

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	93,278	85,697	72,233	43,999	78,614	34,912	33,054	8,995	6,505	13,566	12,736	62,252	19,506	46,213	32,037	57,579
Cash flow	75,832	68,423	56,473	33,937	59,516	22,484	29,915	4,718	6,670	12,063	8,337	43,366	23,040	33,571	27,095	48,794
Investment in fixed assets (approximation)	7,251	95,599	72,283	6,311	11,716	0	4,522	12,769	7,495	1,723	20,344	12,363	5,190	10,166	19,970	69,624
Change in cash	33,206	-7,296	32,249	-25,203	39,201	37,578	-740	2,740	-6,512	-18,207	-	-	-	-	-	-
Working capital	153,129	116,724	128,777	109,641	116,077	77,491	22,075	27,391	29,553	30,825	23,973	21,924	25,597	13,785	20,487	14,286
Solvency	60.4%	55.6%	58.9%	67.5%	55.4%	42.0%	27.7%	25.4%	37.8%	39.2%	17.4%	18.7%	30.7%	18.5%	37.1%	43.5%
Current ratio	2.65	2.27	3.14	3.82	2.93	3.18	1.27	1.42	1.75	1.77	1.18	1.18	1.36	1.12	1.31	1.34
Quick ratio	2.02	1.55	2.32	2.73	2.12	2.03	0.95	1.09	1.30	1.43	1.06	1.18	1.36	1.12	1.31	1.34
Debt to equity	0.66	0.80	0.70	0.48	0.80	1.38	2.60	2.94	1.65	1.55	4.74	4.35	2.26	4.40	1.70	1.30
ROE	16.2%	20.3%	31.1%	26.0%	52.0%	37.3%	70.3%	-12.4%	-8.4%	9.3%	4.8%	115.8%	30.2%	55.7%	7.7%	41.6%
ROA	9.8%	11.3%	18.3%	17.5%	28.8%	15.7%	19.5%	-3.1%	-3.2%	3.7%	0.8%	21.7%	9.3%	10.3%	2.8%	18.1%
Interest coverage	30.82	29.01	over 100	30.20	-	-	-	-	-	-	-	-	-	-	-	-

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.

Social balance sheet

Item	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	1	1
full-time	2	2	1	1
in full-time equivalents	2	2	1	1
Average over the year, in full-time equivalents	1.7	1.1	1	1
On a permanent contract	2	2	1	1
Joined	1	1	-	-
Left	1	0	-	-

Source: social balance sheet in the 2021 to 2024 annual accounts

Securities and guarantees

on own assets and for others

Item	2024	2023	2022	2021
Pledge on other assets, amount secured	€94,865	€123,626	€60,003	-
Carrying value of the other pledged assets	€94,865	€123,626	€60,003	-

Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2024	2023	2022	2021
Tangible fixed assets	€7,251	€95,599	€72,283	€5,944
Financial fixed assets	-	-	-	€367
Depreciation and write-downs of the year	€39,878	€27,385	€6,030	€4,222

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on VPS Support

The operating result for 2024 is 8% lower than in 2023 and the lowest since 2021. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 44.4% to 39.6%. Equity is higher and debt is lower.