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 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vico from Turnhout, company number BE0826375167, closed financial year 2025 with a result of € 633,103 after tax. For that financial year Vico recorded a gross margin of € 2.1 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 49,194 to € 633,103. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 1.2 million
▲ 106% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 633,103
▲ € 583,909 vs 2024
Profit after tax over the fiscal year.
€ 0
▼ € 695,369 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 € 730,035.
People and assets in 2025
11.8
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 841,400
▲ 36% vs 2024
€ 71,300 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.
€ 150,887
▲ € 124,876 vs 2024
Of which on lease € 118,018.
Debts at end 2025
€ 7.1 million
▲ 85% vs 2024
€ 466,690 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 171,900
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 216,601
▲ 171% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 982,610 | € 2,542,260 | € 1,121,988 | € 2,052,199 | ▲ 83% |
| Profit after taxes | € -59,247 | € 1,458,585 | € 49,194 | € 633,103 | ▲ € 583,909 |
| Equity | € 537,246 | € 550,000 | € 596,932 | € 1,230,035 | ▲ 106% |
| Total debts | € 13,828,086 | € 13,439,022 | € 14,667,132 | € 19,587,499 | ▲ 34% |
| Cash | € 720,597 | € 37,644 | € 695,369 | € 0 | ▼ € 695,369 |
| Retained profit | € 37,246 | € 50,000 | € 96,932 | € 730,035 | ▲ € 633,103 |
| Dividend | € 0 | € 1,430,602 | € 0 | € 0 | |
| Bank debt | € 4,049,509 | € 4,145,781 | € 3,847,746 | € 7,122,960 | ▲ 85% |
| Balance sheet total | € 14,365,332 | € 13,989,022 | € 15,264,064 | € 20,817,534 | ▲ 36% |
| Employees (FTE) | 7.8 | 9.4 | 10.4 | 11.8 | ▲ 1.4 |
Key figures of Vico, 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 Vico?
What happened at Vico in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 633,103 (▲ € 583,909 vs 2024). Source: NBB ↗
- Nexira BV became a director. NBB
- Pixma BV became a director. NBB
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,247 loss in 2022 to € 633,103 profit in 2025.
Paid € 263,335 in corporate taxes since 2022.
Best year ever: 2023, with € 1.5 million profit.
On average € 173,900 of value added per employee in 2025.
Management
The stake of Pixma comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VicoBehind Vico are Nexira BV and Pixma BV. The shares are held by Pixma (100%). It owns 100% of Mapeco Wommelgem, 100% of Mapeco Vilvoorde NV, 100% of Metaleuven Tools, 99.9% of Mapeco NV and 99.9% of Mapeco Kalmthout NV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Kokx Jean Pierre
Also active at: Mapeco Wommelgem, Mapeco Kalmthout, MAPECO TURNHOUT, CROLLET CONSULTING, METALEUVEN TOOLS, MAPECO VILVOORDE, RDM, Pixma +1 more
since 2024
Director · represented by Rondou Kurt
Also active at: Mapeco Wommelgem, Mapeco Kalmthout, MAPECO TURNHOUT, PARADOR, CROLLET CONSULTING, METALEUVEN TOOLS, MAPECO VILVOORDE, RDM +1 more
since 2024
Shareholders
100%
Participations
100%
100%
100%
99.9%
99.9%
Establishments
Establishment units
Physical locations of this company
Steenweg op Gierle 258
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0826.375.167
- VAT number
- BE 0826.375.167
- Registered office
- Steenweg op Gierle 258, 2300 Turnhout
- Names & denominations
- Vico
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 2010
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Holdings
Diverse administratieve activiteiten ten behoeve van kantoren
Arbeidsbemiddeling