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 4 of the last 4 fiscal years.
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Busy address KBO
41 other companies have their registered office at the same address; threshold 10.
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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 2026
VC ESOP from Brussel, company number BE0473257654, closed financial year 2026 with a result of € 31,055 after tax. Compared with financial year 2025, the result moved from € -1.9 million to € 31,055. Profitable, and profit is growing. 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 April 8, 2026.
€ -159.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,055
▲ still € 1.9 million loss in 2025
Profit after tax over the fiscal year.
€ 486,159
▼ 8% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -248.3 million.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Profit after taxes | € -3,467,965 | € -10,903,958 | € -1,894,520 | € 31,055 | ▲ € 1.9 million |
| Equity | € -146,771,673 | € -157,675,631 | € -159,350,872 | € -159,383,488 | |
| Total debts | € 217,691,345 | € 162,344,228 | € 160,768,154 | € 160,740,930 | |
| Cash | € 2,081,188 | € 1,203,008 | € 527,864 | € 486,159 | ▼ 8% |
| Retained profit | € -235,498,418 | € -246,402,376 | € -248,296,896 | € -248,265,841 | |
| Balance sheet total | € 70,919,672 | € 4,703,597 | € 1,452,282 | € 1,357,442 | ▼ 7% |
Key figures of VC ESOP, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to VC ESOP?
What happened at VC ESOP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ozer Burak stepped down as director. NBB
- Kaan Terzioglu stepped down as director. NBB
- VEON Amsterdam BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 31,055. Source: NBB ↗
- Ozer Burak became a director. NBB
- Kaan Terzioglu became a director. NBB
- VEON Amsterdam BV became a director. NBB
- New establishment in Brussel. KBO
In short
From € 3.5 million loss in 2023 to € 31,055 profit in 2026.
Paid € 1.5 million in corporate taxes since 2023.
Best year ever: 2026, with € 31,055 profit.
A new publication or filing at VC ESOP? 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
The shares are held by Veon Amsterdam BV (100%).
Directors
According to the 2026 annual accounts
VEON Amsterdam BV
Director
since 2020 · until 2026
Ozer Burak
Director
since 2025 · until 2028
Kaan Terzioglu
Director
since 2022 · until 2028
Shareholders
Veon Amsterdam BV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Picardstraat 7 box 100
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 41 companies are registered at this address.
All companies at this address →DIAGEO BELGIUM
€ 66.4 million revenue · 2025
Itron Belgium
Belgisch Comite voor UNICEF
€ 370,573 revenue · 2025
Union francophone des Belges à l'Etranger
G4S SECURE SOLUTIONS
€ 187.6 million revenue · 2025
+36 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.257.654
- VAT number
- BE 0473.257.654
- Registered office
- Picardstraat 7 bus 100, 1000 Brussel
- Names & denominations
- VC ESOP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 2000
- Peppol
- Not registered