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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
OVICO from Esneux, company number BE0689983368, closed financial year 2025 with a result of € 55,685 after tax. For that financial year OVICO recorded a gross margin of € 176,527 and equity of € 433,280. Compared with financial year 2024, the result moved from € 85,318 to € 55,685. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 433,280
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,685
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 46,825
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 859
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 584,524
▲ 145% vs 2024
€ 46,413 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 5,716
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,479
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,161 | € 112,316 | € 149,631 | € 176,527 | ▲ 18% |
| Profit after taxes | € 47,306 | € 56,864 | € 85,318 | € 55,685 | ▼ 35% |
| Equity | € 565,412 | € 572,276 | € 577,594 | € 433,280 | ▼ 25% |
| Total debts | € 337,606 | € 354,233 | € 370,785 | € 813,452 | ▲ 119% |
| Cash | € 95,103 | € 82,090 | € 93,999 | € 46,825 | ▼ 50% |
| Land & buildings | € 773,303 | € 811,813 | € 805,878 | € 1,172,460 | ▲ 45% |
| Retained profit | € 546,812 | € 553,676 | € 558,994 | € 414,680 | ▼ 26% |
| Dividend | € 0 | € 50,000 | € 80,000 | € 200,000 | ▲ 150% |
| Bank debt | € 281,072 | € 259,713 | € 238,111 | € 584,524 | ▲ 145% |
| Balance sheet total | € 903,018 | € 926,509 | € 948,379 | € 1,246,732 | ▲ 31% |
Key figures of OVICO, 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 OVICO?
What happened at OVICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 55,685 (▼ 35% vs 2024). Source: NBB ↗
- New establishment in Esneux. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,306 profit in 2022 to € 55,685 profit in 2025.
Paid € 65,764 in corporate taxes since 2022.
Best year ever: 2024, with € 85,318 profit.
Paid out € 330,000 in dividends to the owners in total.
Management
Behind OVICO is Olivier VARETTO. It owns 25% of CONCRELEC itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Avenue L. Souguenet 21
4130 Esneux
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.983.368
- VAT number
- BE 0689.983.368
- Registered office
- Avenue L. Souguenet 21, 4130 Esneux
- Names & denominations
- OVICO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2018
- Peppol
- Active · Active since 3 Feb 2026
- Activities · NACE
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