VWINDOWS
Annual accounts 2025
abbreviated format, filed on 07-10-2026, 68 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €97,416 on 31-12-2025in euro
Position in the sector
20.4%
Higher than 27% of 9,905 companies in 2025.
1.26
Higher than 32% of 9,667 companies in 2025.
-12.4%
Higher than 9% of 9,782 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
97,416 | 105,556 | 102,831 | 101,564 | 110,908 | 116,873 | 134,888 | 152,529 | 178,340 | 102,262 | 125,907 | 149,291 | |
21/28 |
- | - | - | - | - | 11,148 | 29,138 | 43,707 | 58,277 | - | 9,000 | 18,000 | |
22/27 |
- | - | - | - | - | 11,148 | 29,138 | 43,707 | 58,277 | - | 9,000 | 18,000 | |
24 |
- | - | - | - | - | 11,148 | 29,138 | 43,707 | 58,277 | - | 9,000 | 18,000 | |
29/58 |
97,416 | 105,556 | 102,831 | 101,564 | 110,908 | 105,725 | 105,750 | 108,822 | 120,063 | 102,262 | 116,907 | 131,291 | |
40/41 |
14,211 | 25,402 | 28,057 | 24,512 | 34,290 | 11,800 | 48,358 | 20,519 | 55,480 | 10,777 | 21,746 | 47,969 | |
40 |
7,427 | 17,510 | 24,374 | 17,134 | 31,165 | 8,486 | 45,875 | 20,519 | 55,480 | 8,260 | 17,669 | 47,969 | |
41 |
6,784 | 7,893 | 3,683 | 7,379 | 3,125 | 3,314 | 2,483 | - | - | 2,517 | 4,077 | - | |
50/53 |
83,205 | - | - | - | - | - | - | - | - | - | - | 82,876 | |
54/58 |
- | 77,671 | 74,774 | 77,051 | 76,618 | 93,926 | 57,392 | 88,303 | 64,583 | 91,484 | 95,161 | - | |
490/1 |
- | 2,483 | - | - | - | - | - | - | - | - | - | 447 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
97,416 | 105,556 | 102,831 | 101,564 | 110,908 | 116,873 | 134,888 | 152,529 | 178,340 | 102,262 | 125,907 | 149,291 | |
10/15 |
19,905 | 31,966 | 31,724 | 27,296 | 32,001 | 35,183 | 43,536 | 52,197 | 48,725 | 27,194 | 27,627 | 27,291 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | |
100 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 1,860 | 1,071 | 1,071 | 1,055 | |
130/1 |
2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | - | - | - | - | - | - | |
130 |
2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 2,034 | 1,860 | 1,071 | 1,071 | 1,055 | |
14 |
11,671 | 23,732 | 23,490 | 19,063 | 23,767 | 26,949 | 35,302 | 43,964 | 40,665 | 19,923 | 20,356 | 20,036 | |
17/49 |
77,511 | 73,590 | 71,107 | 74,268 | 78,907 | 81,690 | 91,352 | 100,332 | 129,615 | 75,068 | 98,280 | 122,000 | |
42/48 |
77,511 | 73,590 | 71,107 | 74,268 | 78,907 | 81,690 | 91,352 | 100,332 | 129,615 | 75,068 | 98,280 | 122,000 | |
44 |
3,921 | - | - | - | 2,723 | 2,723 | - | 13,316 | 35,841 | 13,311 | 23,020 | 16,488 | |
440/4 |
3,921 | - | - | - | 2,723 | 2,723 | - | 13,316 | 35,841 | 13,311 | 8,641 | 16,488 | |
441 |
- | - | - | - | - | - | - | - | - | - | 14,379 | - | |
45 |
- | - | - | - | - | - | 3,584 | 5,881 | 21,461 | 585 | - | 35,305 | |
450/3 |
- | - | - | - | - | - | 3,584 | 5,881 | 21,461 | 585 | - | 35,305 | |
47/48 |
73,590 | 73,590 | 71,107 | 74,268 | 76,185 | 78,967 | 87,768 | 81,135 | 72,313 | 61,172 | 75,259 | 70,207 | |
| Income statement | |||||||||||||
76A |
- | - | - | - | - | 1,835 | - | - | - | - | - | - | |
9900 |
-12,061 | 523 | 4,428 | -4,513 | 7,965 | -3,389 | 6,292 | 23,769 | 49,688 | 9,055 | 10,184 | 70,961 | |
630 |
- | - | - | - | 11,148 | 11,148 | 14,569 | 14,569 | 14,569 | 9,000 | 9,000 | 11,248 | |
631/4 |
- | - | - | - | - | -8,265 | - | 5,542 | - | - | - | 25,970 | |
640/8 |
- | 281 | - | 192 | - | 153 | 294 | 186 | 709 | 488 | 304 | 490 | |
9901 |
-12,061 | 242 | 4,428 | -4,705 | -3,182 | -6,425 | -8,572 | 3,472 | 34,410 | -433 | 880 | 33,253 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 41 | - | |
75 |
- | - | - | - | - | - | - | - | - | - | 41 | - | |
9903 |
-12,061 | 242 | 4,428 | -4,705 | -3,182 | -6,425 | -8,572 | 3,472 | 34,410 | -433 | 921 | 33,253 | |
67/77 |
- | - | - | - | - | 1,927 | 90 | - | 12,879 | - | 585 | 12,162 | |
9904 |
-12,061 | 242 | 4,428 | -4,705 | -3,182 | -8,353 | -8,662 | 3,472 | 21,531 | -433 | 336 | 21,091 | |
9905 |
-12,061 | 242 | 4,428 | -4,705 | -3,182 | -8,353 | -8,662 | 3,472 | 21,531 | -433 | 336 | 21,091 | |
| Appropriation of the result | |||||||||||||
9906 |
11,671 | 23,732 | 23,490 | 19,063 | 23,767 | 26,949 | 35,302 | 44,137 | 41,454 | 19,923 | 20,373 | 21,091 | |
14P |
23,732 | 23,490 | 19,063 | 23,767 | 26,949 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 174 | 789 | - | 17 | 1,055 | |
6920 |
- | - | - | - | - | - | - | 174 | 789 | - | 17 | 1,055 | |
| Document | |||||||||||||
The notes to these accounts have 2 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 07-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 68 days after the deadline. Filed on 7 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00551983.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-10-2026 | 2026-00551983 | |
| 31-12-2024 | micro format | 25-08-2025 | 2025-00424073 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00441432 | |
| 31-12-2022 | micro format | 05-10-2023 | 2023-00481167 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20338711 | |
| 31-12-2020 | micro format | 14-09-2021 | 2021-67300242 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-63800358 | |
| 31-12-2018 | micro format | 16-08-2019 | 2019-47500203 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-53700292 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-48100556 | |
| 31-12-2015 | abbreviated format | 17-08-2016 | 2016-43800557 | |
| 31-12-2014 | abbreviated format | 21-08-2015 | 2015-45200022 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 7,965 | 4,722 | 5,998 | 18,041 | 48,979 | 8,567 | 9,880 | 44,501 | ||
| - | - | - | - | 7,965 | 2,795 | 5,907 | 18,041 | 36,100 | 8,567 | 9,336 | 32,339 | ||
| - | - | - | - | 0 | -6,843 | 0 | 0 | 72,846 | 0 | 0 | 34,826 | ||
| - | 2,897 | -2,277 | 433 | -17,307 | 36,534 | -30,911 | 23,720 | -26,901 | -3,677 | - | - | ||
| 19,905 | 31,966 | 31,724 | 27,296 | 32,001 | 24,035 | 14,397 | 8,490 | -9,551 | 27,194 | 18,627 | 9,291 | ||
| 20.4% | 30.3% | 30.9% | 26.9% | 28.9% | 30.1% | 32.3% | 34.2% | 27.3% | 26.6% | 21.9% | 18.3% | ||
| 1.26 | 1.43 | 1.45 | 1.37 | 1.41 | 1.29 | 1.16 | 1.08 | 0.93 | 1.36 | 1.19 | 1.08 | ||
| 3.89 | 2.30 | 2.24 | 2.72 | 2.47 | 2.32 | 2.10 | 1.92 | 2.66 | 2.76 | 3.56 | 4.47 | ||
| -60.6% | 0.8% | 14.0% | -17.2% | -9.9% | -23.7% | -19.9% | 6.7% | 44.2% | -1.6% | 1.2% | 77.3% | ||
| -12.4% | 0.2% | 4.3% | -4.6% | -2.9% | -7.1% | -6.4% | 2.3% | 12.1% | -0.4% | 0.3% | 14.1% |
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.
Insights on VWINDOWS
The operating result for 2025 is a loss of €12,061, after a profit of €242 in 2024. It is the lowest result since 2014.
Debt's share of the balance-sheet total rises from 69.7% to 79.6%. Equity is lower and debt is higher.