Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VICOTRA from Nivelles, company number BE0423090145, closed financial year 2025 with a result of € -200,562 after tax. For that financial year VICOTRA recorded a gross margin of € -13,966 and equity of € -86,899. Compared with financial year 2024, the result moved from € -3,891 to € -200,562. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ -86,899
▼ € 200,562 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -200,562
▼ 5054 % more loss than in 2024
Profit after tax over the fiscal year.
€ 18,252
▲ € 14,122 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -718,429.
People and assets in 2025
€ 23,347
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 76,728
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 423
▼ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,566 | € 16,900 | € 25,905 | € -13,966 | ▼ € 39,871 |
| Profit after taxes | € -6,810 | € -9,832 | € -3,891 | € -200,562 | ▼ € 196,671 |
| Equity | € 127,388 | € 117,555 | € 113,664 | € -86,899 | ▼ € 200,562 |
| Total debts | € 933,551 | € 987,825 | € 805,723 | € 775,824 | ▼ 4% |
| Cash | € 41,078 | € 25,829 | € 4,129 | € 18,252 | ▲ € 14,122 |
| Land & buildings | € 364,792 | € 343,352 | € 318,328 | € 301,128 | ▼ 5% |
| Retained profit | € -504,142 | € -513,975 | € -517,866 | € -718,429 | ▼ € 200,562 |
| Balance sheet total | € 1,254,939 | € 1,299,380 | € 1,113,387 | € 877,925 | ▼ 21% |
Key figures of VICOTRA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to VICOTRA?
What happened at VICOTRA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 200,562. Source: NBB ↗
- INTERNIPPLE stepped down as director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,810 loss in 2022 to € 200,562 loss in 2025.
Paid € 1,721 in corporate taxes since 2022.
Management
The stake of INTERNIPPLE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VICOTRAThe shares are held by INTERNIPPLE (99.9%).
Directors
According to the 2025 annual accounts
Managing director · represented by RENE KEUTGEN
· until 2022
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Palais 26
1402 Nivelles
Rue du Palais 13
1402 Nivelles
Active since 1 November 1982
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.090.145
- VAT number
- BE 0423.090.145
- Registered office
- Rue du Palais 26, 1402 Nivelles
- Names & denominations
- VICOTRA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 1982
- Peppol
- Not registered
- Activities · NACE
Groothandel in dranken, algemeen assortiment
Groothandel in dranken
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