Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VM HIPPIQUE from Ranst, company number BE0634725735, closed financial year 2025 with a result of € 122,438 after tax. For that financial year VM HIPPIQUE recorded revenue of € 893,571 and equity of € -156,580. Compared with financial year 2024, the result moved from € 139,438 to € 122,438. The company is profitable. 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 July 24, 2026.
€ -156,580
▲ € 122,438 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 122,438
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 35,058
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -216,580.
People and assets in 2025
1
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 38,938
▲ 231% vs 2024
€ 38,900 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.
€ 72,134
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 542,463
▼ 24% vs 2024
€ 90,000 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 227,385
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,432
▲ € 4,991 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 222,174 | € 750,570 | € 893,571 | ▲ 19% |
| Gross margin | € 12,231 | € 304,188 | € 363,699 | ▲ 20% |
| Profit after taxes | € -17,764 | € 139,438 | € 122,438 | ▼ 12% |
| Equity | € -418,456 | € -279,018 | € -156,580 | ▲ € 122,438 |
| Total debts | € 3,114,502 | € 3,879,048 | € 3,997,071 | ▲ 3% |
| Cash | € 27,892 | € 84,718 | € 35,058 | ▼ 59% |
| Land & buildings | € 1,560,457 | € 1,482,333 | € 1,404,210 | ▼ 5% |
| Retained profit | € -478,456 | € -339,018 | € -216,580 | ▲ € 122,438 |
| Bank debt | € 1,019,963 | € 709,963 | € 542,463 | ▼ 24% |
| Balance sheet total | € 2,696,046 | € 3,600,030 | € 3,840,491 | ▲ 7% |
| Employees (FTE) | - | 0.9 | 1 | ▲ 0.1 |
Key figures of VM HIPPIQUE, fiscal years 2023 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 VM HIPPIQUE?
What happened at VM HIPPIQUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 122,438 (▼ 12% vs 2024). Source: NBB ↗
- New establishment in Ranst. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,764 loss in 2023 to € 122,438 profit in 2025.
Paid € 238 in corporate taxes since 2023.
Best year ever: 2024, with € 139,438 profit.
On average € 363,700 of value added per employee in 2025.
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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
Establishments
Establishment units
Physical locations of this company
Sint Jozef 3 box A
2520 Ranst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0634.725.735
- VAT number
- BE 0634.725.735
- Registered office
- Sint Jozef 3 bus A, 2520 Ranst
- Names & denominations
- VM HIPPIQUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 2015
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Exploitatie van sportaccommodaties
Sport- en recreatieonderwijs
Fokken en houden van paarden en andere paardachtigen