VULPIS
InactiveFinancials · financial year 2025, abbreviated format
Equity
€59.9m▼ 0.1%
2024 · €60.0m
Total assets
€115.6m=
2024 · €115.6m
Net result
-€46,188▲ 23.9%
2024 · -€60,682
Working capital
-€804,700▼ 6.1%
2024 · -€758,512
Trend over the years
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result stays negative: a loss of €21,648 in 2025 against €11,576 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.02m
2025
Net result-€0.05m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€115.6m
2025
Equity€59.9m
2025
Debt€55.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.8m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€56.7m--€0.05m▲ 99.9%-€0.02m▲ 65.0%-€0.01m▲ 27.8%-€0.01m▲ 14.9%-€0.02m▼ 87.0%
Net result€58.9m--€0.1m-€0.07m▲ 33.9%-€0.06m▲ 7.6%-€0.06m▲ 3.2%-€0.05m▲ 23.9%
Equity€60.3m-€60.2m▼ 0.2%€60.1m▼ 0.1%€60.0m▼ 0.1%€60.0m▼ 0.1%€59.9m▼ 0.1%
Total assets€115.6m-€115.6m=€115.6m=€115.6m=€115.6m=€115.6m=
Debt€55.3m-€55.4m▲ 0.2%€55.5m▲ 0.1%€55.6m▲ 0.1%€55.6m▲ 0.1%€55.7m▲ 0.1%
Working capital-€0.6m--€0.6m▼ 10.2%-€0.7m▼ 7.7%-€0.7m▼ 4.1%-€0.8m▼ 8.7%-€0.8m▼ 6.1%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115.6m
Fixed assets
€115.6m =
Current assets
€3,442 ▼ 65.8%
Equity and liabilities €115.6m
Equity
€59.9m ▼ 0.1%
Debt
€55.7m ▲ 0.1%
Debt's share of the balance-sheet total stays at 48.2%.
Key figures and ratios
Current ratio
0.00▼
2024 · 0.01
Debt to equity
0.93▲
2024 · 0.93
ROE
-0.1%▲
2024 · -0.1%
ROA
0.0%▲
2024 · -0.1%
Debt ≤ 1 year
€808,141▲
2024 · €768,589
Debt > 1 year
€54.9m=
2024 · €54.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | €56.7m | €449 | €0.001m | €0.001m | €0.001m | €474 | ▼ 56.4% |
| Gross operating margin9900 | -€0.08m | -€0.05m | -€0.02m | -€0.01m | -€0.01m | -€0.02m | ▼ 102% |
| Operating profit (loss)9901 | -€56.7m | -€0.05m | -€0.02m | -€0.01m | -€0.01m | -€0.02m | ▼ 87.0% |
| Financial income75/76B | €115.6m | €99 | €0 | - | - | - | - |
| Recurring financial income75 | €115.6m | €99 | €0 | - | - | - | - |
| Financial charges65/66B | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.02m | ▼ 50.0% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.02m | ▼ 50.0% |
| Profit (loss) for the period before taxes9903 | €58.9m | -€0.1m | -€0.07m | -€0.06m | -€0.06m | -€0.05m | ▲ 23.9% |
| Profit (loss) for the period9904 | €58.9m | -€0.1m | -€0.07m | -€0.06m | -€0.06m | -€0.05m | ▲ 23.9% |
| Profit (loss) for the period to be appropriated9905 | €58.9m | -€0.1m | -€0.07m | -€0.06m | -€0.06m | -€0.05m | ▲ 23.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | = |
| Fixed assets21/28 | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | = |
| Financial fixed assets28 | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | = |
| Current assets29/58 | €0.02m | €0.008m | €0.002m | €0.02m | €0.01m | €0.003m | ▼ 65.8% |
| Cash at bank and in hand54/58 | €0.02m | €0.008m | €0.002m | €0.02m | €0.01m | €0.003m | ▼ 65.8% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | €115.6m | = |
| Equity10/15 | €60.3m | €60.2m | €60.1m | €60.0m | €60.0m | €59.9m | ▼ 0.1% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Reserves13 | - | €58.8m | €58.7m | €58.6m | €58.6m | €58.5m | ▼ 0.1% |
| Distributable reserves133 | - | €58.8m | €58.7m | €58.6m | €58.6m | €58.5m | ▼ 0.1% |
| Profit (loss) carried forward14 | €58.9m | €0.001m | €0 | - | - | - | - |
| Amounts payable17/49 | €55.3m | €55.4m | €55.5m | €55.6m | €55.6m | €55.7m | ▲ 0.1% |
| Amounts payable after more than one year17 | €54.8m | €54.8m | €54.8m | €54.9m | €54.9m | €54.9m | = |
| Financial debts170/4 | €54.8m | €54.8m | €54.8m | €54.9m | €54.9m | €54.9m | = |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | ▲ 5.1% |
| Trade debts44 | €0.01m | €0.009m | €0.002m | €0.001m | €0.001m | €0.02m | ▲ 1,810% |
| Suppliers440/4 | €0.01m | €0.009m | €0.002m | €0.001m | €0.001m | €0.02m | ▲ 1,810% |
| Other amounts payable47/48 | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58.9m | -€0.1m | -€0.07m | -€0.06m | -€0.06m | -€0.05m | ▲ 23.9% |
| Operating cash flow (approximation) | €58.9m | -€0.1m | -€0.07m | -€0.06m | -€0.06m | -€0.05m | ▲ 23.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€0.01m | -€0.007m | €0.02m | -€0.01m | -€0.007m | ▲ 43.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 16-12-2025 | 2025-00582394 |
| 31-12-2024 | abbreviated format | 03-06-2025 | 2025-00115940 |
| 31-12-2023 | abbreviated format | 16-07-2024 | 2024-00260811 |
| 31-12-2022 | abbreviated format | 23-08-2023 | 2023-00359130 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20387203 |
| 31-12-2020 | abbreviated format | 02-09-2021 | 2021-64800259 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.