Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vicaro from Temse, company number BE0463800451, closed financial year 2025 with a result of € -2,324 after tax. For that financial year Vicaro recorded a gross margin of € 605,357 and equity of € 930,536. Compared with financial year 2024, the result moved from € 6,722 to € -2,324. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 6, 2026.
€ 930,536
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,324
▼ still € 6,722 profit in 2024
Profit after tax over the fiscal year.
€ 116,685
▲ € 97,855 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 868,563.
People and assets in 2025
€ 32,125
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.4 million
▼ 4% vs 2024
€ 842,837 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.3 million
▲ € 2.3 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,874
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 221,063 | € 192,747 | € 492,624 | € 605,357 | ▲ 23% |
| Profit after taxes | € 70,181 | € -13,244 | € 6,722 | € -2,324 | ▼ € 9,046 |
| Equity | € 939,383 | € 926,138 | € 932,860 | € 930,536 | |
| Total debts | € 2,340,409 | € 5,004,798 | € 7,089,349 | € 9,395,711 | ▲ 33% |
| Cash | € 295,206 | € 15,497 | € 18,830 | € 116,685 | ▲ € 97,855 |
| Land & buildings | € 1,352,018 | € 1,313,112 | € 1,274,208 | € 3,879,438 | ▲ 204% |
| Retained profit | € 877,409 | € 864,165 | € 870,887 | € 868,563 | |
| Bank debt | € 1,111,143 | € 4,537,439 | € 5,573,722 | € 5,351,612 | ▼ 4% |
| Balance sheet total | € 3,298,282 | € 5,948,138 | € 8,038,120 | € 10,340,869 | ▲ 29% |
Key figures of Vicaro, 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 April 2027.
What happened to Vicaro?
What happened at Vicaro in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kristel Van den Branden stepped down as director. NBB
- Stephanie Vermeulen stepped down as director. NBB
- Lynn Vermeulen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2,324 (▼ € 9,046 vs 2024). Source: NBB ↗
- Kristel Van den Branden became a director. NBB
- Stephanie Vermeulen became a director. NBB
- Lynn Vermeulen became a director. NBB
- New establishment in Temse. KBO
In short
From € 70,181 profit in 2022 to € 2,324 loss in 2025.
Paid € 33,626 in corporate taxes since 2022.
Best year ever: 2022, with € 70,181 profit.
A new publication or filing at Vicaro? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 99% of VR Build and 98% of .Be Build itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Stephanie Vermeulen
Director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Elsstraat-Noord 4
9140 Temse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0463.800.451
- VAT number
- BE 0463.800.451
- Registered office
- Elsstraat-Noord 4, 9140 Temse
- Names & denominations
- Vicaro
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 1998
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Handel in eigen onroerend goed
Projectontwikkeling voor woningbouw
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van residentiële bouwprojecten
Holdings