VSF IMMO
Annual accounts 2025
abbreviated format, filed on 03-06-2026, 58 days before 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 ≈ €92,000. Estimated: probably between €50,000 and €230,000.
Balance sheet
balance sheet total €3.9m on 31-12-2025Position in the sector
-2.6%
Higher than 14% of 12,427 companies in 2025.
0.12
Higher than 11% of 11,954 companies in 2025.
-2.7%
Higher than 20% of 12,330 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: 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 |
3.9m | |
21/28 |
3.8m | |
22/27 |
3.8m | |
22 |
3.8m | |
29/58 |
125,611 | |
40/41 |
100,232 | |
40 |
232 | |
41 |
100,000 | |
54/58 |
23,178 | |
490/1 |
2,201 | |
| Balance sheet: equity and liabilities | ||
10/49 |
3.9m | |
10/15 |
-102,242 | |
10/11 |
3,000 | |
14 |
-105,242 | |
17/49 |
4.0m | |
17 |
3.0m | |
170/4 |
3.0m | |
42/48 |
1.0m | |
44 |
281 | |
440/4 |
281 | |
46 |
20,000 | |
45 |
6,297 | |
450/3 |
6,297 | |
47/48 |
1.0m | |
| Income statement | ||
9900 |
23,912 | |
630 |
77,044 | |
640/8 |
7,656 | |
9901 |
-60,788 | |
65/66B |
44,454 | |
65 |
44,454 | |
9903 |
-105,242 | |
9904 |
-105,242 | |
9905 |
-105,242 | |
| Appropriation of the result | ||
9906 |
-105,242 | |
| Social balance sheet | ||
9087 |
0 | |
| Document | ||
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.
Source: Annual accounts 2025 at the NBB, filed on 03-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-06-2026 | 2026-00135033 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 16,256 | ||
| -28,199 | ||
| 3.9m | ||
| -910,967 | ||
| -2.6% | ||
| 0.12 | ||
| -2.7% | ||
| 0.37 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2025 |
|---|---|
| Tangible fixed assets | €3.9m |
| Financial fixed assets | €0 |
| €77,044 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on VSF IMMO
Equity is negative. Debt (€4.0m) exceeds the balance-sheet total (€3.9m).