Financials
Financial year 2025
VACA from Oostende, company number BE0461255289, closed financial year 2025 with a result of € -9.4 million after tax. For that financial year VACA recorded revenue of € 2.2 million and equity of € 115.1 million. Compared with financial year 2024, the result moved from € 1.4 million to € -9.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 115.1 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9.4 million
▼ still € 1.4 million profit in 2024
Profit after tax over the fiscal year.
€ 4 million
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -48.3 million.
People and assets in 2025
7
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 2% vs 2024
€ 144,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 76,008
▲ 173% 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.
€ 338,106
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 197 days on average.
€ 358,725
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,364,980 | € 2,271,570 | € 2,354,240 | € 2,214,568 | ▼ 6% |
| Profit after taxes | € 952,215 | € 947,463 | € 1,384,303 | € -9,433,106 | ▼ € 10.8 million |
| Equity | € 122,167,764 | € 123,115,226 | € 124,499,530 | € 115,066,424 | ▼ 8% |
| Total debts | € 2,025,351 | € 2,131,057 | € 2,317,802 | € 2,081,571 | ▼ 10% |
| Cash | € 2,872,594 | € 3,157,705 | € 4,310,344 | € 3,951,380 | ▼ 8% |
| Retained profit | € -41,179,125 | € -40,231,662 | € -38,847,359 | € -48,280,465 | ▼ € 9.4 million |
| Balance sheet total | € 124,193,115 | € 125,246,284 | € 126,817,331 | € 117,147,995 | ▼ 8% |
| Employees (FTE) | 7.7 | 6.9 | 7 | 7 |
Key figures of VACA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VACA?
What happened at VACA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9.4 million (▼ € 10.8 million vs 2024). Source: NBB ↗
- Luca BALDAN stepped down as director. NBB
- Patrick VANDENBERGHE stepped down as director. NBB
- Pierre CUPPENS stepped down as director. NBB
- Koen DE KINDER stepped down as director. NBB
- Dirk CONINCKX stepped down as director. NBB
- Eddy HUTTENER stepped down as director. NBB
- Dirk CONINCKX became a director. NBB
In short
From € 952,215 profit in 2022 to € 9.4 million loss in 2025.
Paid € 982,370 in corporate taxes since 2022.
Best year ever: 2024, with € 1.4 million profit.
Pays suppliers within 197 days on average.
Management
It owns 198% of Vayamundo Oostende, 198% of Vayamundo Houffalize, 198% of Vaca Immo Houffalize, 198% of Vaca Immo Oostende and 100% of Imco Sud Hotellerie Sàrl de droit français itself.
Directors
According to the 2025 annual accounts
Luca BALDAN
Director
Also active at: Vayamundo Oostende, VAYAMUNDO HOUFFALIZE, VACA Immo Houffalize, VACA Immo Oostende
since 2020 · until 2026
Patrick VANDENBERGHE
Voorzitter
Also active at: Vooruitzicht en Voorzorg, Vayamundo Oostende, VAYAMUNDO HOUFFALIZE, INCOFIN CVSO, VACA Immo Houffalize, VACA Immo Oostende
since 2020 · until 2026
Pierre CUPPENS
Ondervoorzitter
Also active at: Vooruitzicht en Voorzorg, Vayamundo Oostende, VAYAMUNDO HOUFFALIZE, VACA Immo Houffalize
since 2020 · until 2026
Koen DE KINDER
Director
Also active at: Vooruitzicht en Voorzorg, Vayamundo Oostende, VAYAMUNDO HOUFFALIZE, VACA Immo Houffalize, Co-Valent
since 2020 · until 2026
Dirk CONINCKX
Director
Also active at: Vooruitzicht en Voorzorg, Vayamundo Oostende, VAYAMUNDO HOUFFALIZE, VORMINGSINSTELLING VOOR ARBEIDERS, VACA Immo Houffalize, VACA Immo Oostende, De Vormers
since 2022 · until 2026
Eddy HUTTENER
Director
Also active at: Vayamundo Oostende, VAYAMUNDO HOUFFALIZE, VACA Immo Houffalize, VACA Immo Oostende
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Zeedijk 330
8400 Oostende
Zeedijk 290
8400 Oostende
Active since 9 June 1997
Ol-Fosse-d'Outh 1
6660 Houffalize
Active since 9 June 1997
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0461.255.289
- VAT number
- BE 0461.255.289
- Registered office
- Zeedijk 330, 8400 Oostende
- Names & denominations
- VACA
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 9 June 1997
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
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