ACTIVE

Vicmar

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Financial year 2025 · closed on 31/12/2025

Net result

69,1 k €

-48.4% YoY

Gross margin

316,7 k €

-17.6% YoY

Equity

990,8 k €

-2.5% YoY

Workforce

3,0 ETP

0.0% YoY

What does Vicmar do?

Vicmar is a Private limited company incorporated in 1988. Its registered office is in Ciney. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.200.297

Incorporation

07/08/1988

Legal form

Private limited company

Registered office

Rue de l'Indépendance 24A
5590 Ciney · WallonieSee on map

Contributed capital

29 859,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	316,7 k €	-17.6%	384,3 k €	-20.8%	485,1 k €	+33.6%	363 k €	+2.4%	354,6 k €	-6.7%	380 k €	-14.3%	443,6 k €	+9.5%	405,3 k €	+33.7%	303,2 k €	-13.7%	351,4 k €	+22.5%	286,9 k €	+22.6%	234 k €	+11.8%	209,2 k €	-42.5%	363,8 k €	+40.1%	259,7 k €	+31.3%	197,7 k €	+5.1%	188,1 k €	-17.2%	227,2 k €	+35.4%	167,8 k €	+39.6%	120,2 k €
EBITDA	121 k €	-44.2%	216,8 k €	-28.2%	302,1 k €	+67.5%	180,3 k €	-6.8%	193,4 k €	+5.4%	183,6 k €	-11.5%	207,5 k €	-2.0%	211,6 k €	+45.2%	145,7 k €	-26.3%	197,7 k €	+65.2%	119,7 k €	+50.8%	79,3 k €	-3.5%	82,2 k €	-63.6%	226,1 k €	+91.0%	118,3 k €	+45.5%	81,3 k €	-16.3%	97,2 k €	-31.3%	141,4 k €	+41.1%	100,2 k €	+88.8%	53,1 k €
Operating result	91 k €	-51.8%	189 k €	-28.7%	265,2 k €	+96.3%	135,1 k €	-10.1%	150,3 k €	+7.5%	139,7 k €	+24.2%	112,5 k €	-8.3%	122,7 k €	+106%	59,6 k €	-42.5%	103,7 k €	+60.5%	64,6 k €	+60.8%	40,2 k €	+1.2%	39,7 k €	-79.7%	195,5 k €	+199%	65,4 k €	+128%	28,6 k €	-33.5%	43 k €	-51.4%	88,5 k €	+123%	39,7 k €	+142%	16,4 k €
Net result	69,1 k €	-48.4%	134 k €	-27.7%	185,3 k €	+96.5%	94,3 k €	-12.1%	107,2 k €	+10.1%	97,4 k €	+22.5%	79,5 k €	-9.2%	87,6 k €	+113%	41,2 k €	-42.1%	71,1 k €	+56.3%	45,5 k €	+56.1%	29,2 k €	-7.3%	31,5 k €	-76.5%	134,1 k €	+190%	46,2 k €	+136%	19,6 k €	-36.4%	30,8 k €	-47.1%	58,3 k €	+125%	25,9 k €	+114%	12,1 k €
Balance sheet
Equity	990,8 k €	-2.5%	1 M €	+5.8%	960,7 k €	+11.7%	860,4 k €	+12.3%	766,1 k €	+16.3%	658,8 k €	+17.3%	561,4 k €	+16.5%	481,9 k €	-21.0%	610,3 k €	+7.2%	569,1 k €	+14.3%	498 k €	+10.1%	452,5 k €	+118%	207,3 k €	-50.1%	415,9 k €	+47.6%	281,8 k €	+19.6%	235,6 k €	+9.1%	216 k €	+16.6%	185,2 k €	+45.9%	126,9 k €	+25.6%	101,1 k €
Total assets	1,1 M €	-14.0%	1,3 M €	+15.3%	1,2 M €	+5.8%	1,1 M €	+13.8%	955,6 k €	+3.7%	921,1 k €	+5.7%	871,7 k €	+5.2%	829 k €	-8.1%	901,6 k €	-7.3%	973 k €	+30.6%	744,9 k €	+7.1%	695,5 k €	+30.6%	532,4 k €	-0.8%	536,8 k €	-38.3%	870 k €	+121%	392,9 k €	-1.0%	396,9 k €	+1.4%	391,5 k €	+8.1%	362 k €	+68.9%	214,3 k €
Cash	197,7 k €	+137%	83,5 k €	+28.3%	65,1 k €	-34.2%	98,9 k €	-25.2%	132,3 k €	+66.9%	79,3 k €	+2.1%	77,6 k €	-27.0%	106,3 k €	+85.2%	57,4 k €	-18.3%	70,2 k €	-54.8%	155,3 k €	+13.9%	136,4 k €	+342%	30,9 k €	-75.4%	125,6 k €	-38.8%	205 k €	+993%	18,8 k €	-60.2%	47,2 k €	+31.1%	36 k €	+295%	9,1 k €	-21.2%	11,6 k €
Debts	149,5 k €	-51.7%	309,7 k €	+63.0%	190,1 k €	-16.3%	227,2 k €	+19.9%	189,5 k €	-27.7%	262,2 k €	-15.4%	310 k €	-10.6%	346,8 k €	+20.8%	287,1 k €	-28.4%	400,8 k €	+62.6%	246,5 k €	+1.6%	242,7 k €	-25.3%	325 k €	+169%	120,9 k €	-13.5%	139,7 k €	-11.1%	157,1 k €	-13.1%	180,9 k €	-12.3%	206,3 k €	-12.2%	235,1 k €	+108%	113,2 k €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-21.1%	3,8 ETP	+15.2%	3,3 ETP	-26.7%	4,5 ETP	-10.0%	5,0 ETP	+2.0%	4,9 ETP	+19.5%	4,1 ETP	+5.1%	3,9 ETP	0.0%	3,9 ETP	+11.4%	3,5 ETP	-2.8%	3,6 ETP	-7.7%	3,9 ETP	-9.3%	4,3 ETP	-4.4%	4,5 ETP	+9.8%	4,1 ETP	-14.6%	4,8 ETP	-2.0%	4,9 ETP	+36.1%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Esteban HENIN

Director · since 31 mai 2013 · until 31 mai 2019

Active

Kevin HENIN

Director · since 31 mai 2013 · until 31 mai 2019

Active

MARC HENIN

Managing director

Active

Ended mandates

Fabienne HENIN

Director · since 31 mai 2000 · until 31 mai 2013

Ended

FABIENNE HENIN

Director · since 31 mai 2000 · until 31 mai 2006

Ended

FREDERIC HENIN

Director · since 31 mai 2000 · until 31 mai 2006

Ended

FREDERIC HENIN

Director · since 31 mai 2000 · until 31 mai 2013

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	04/07/2025	25/07/2024	31/07/2023	16/08/2022	10/08/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	31/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	18/06/2025	04/07/2025	French	PDF
Abridged model	31/12/2023	19/06/2024	25/07/2024	French	PDF
Abridged model	31/12/2022	21/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	16/08/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	10/08/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	24/08/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	22/08/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	30/07/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	07/08/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	23/08/2016	French	PDF
Abridged model	31/12/2014	31/05/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	10/09/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	27/09/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	30/09/2010	French	PDF
Abridged model	31/12/2008	31/05/2009	08/09/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	16/06/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	11/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Esteban HENIN

Director · since 31 mai 2013 · until 31 mai 2019

Active

Kevin HENIN

Director · since 31 mai 2013 · until 31 mai 2019

Active

MARC HENIN

Managing director

Active

Ended mandates

Fabienne HENIN

Director · since 31 mai 2000 · until 31 mai 2013

Ended

FABIENNE HENIN

Director · since 31 mai 2000 · until 31 mai 2006

Ended

FREDERIC HENIN

Director · since 31 mai 2000 · until 31 mai 2006

Ended

FREDERIC HENIN

Director · since 31 mai 2000 · until 31 mai 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/06/2022
MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates11/04/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares24/03/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/09/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates22/10/2007
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202569,1 k €↓
2024
Annual accounts 2024134 k €↓
2023
Annual accounts 2023185,3 k €↑
2022
Annual accounts 202294,3 k €↓
2021
Annual accounts 2021107,2 k €↑
2020
Annual accounts 202097,4 k €↑
2019
Annual accounts 201979,5 k €↓
2018
Annual accounts 201887,6 k €↑
2017
Annual accounts 201741,2 k €↓
2016
Annual accounts 201671,1 k €↑
2015
Annual accounts 201545,5 k €↑
2014
Annual accounts 201429,2 k €↓
2013
Annual accounts 201331,5 k €↓
2012
Annual accounts 2012134,1 k €↑
2011
Annual accounts 201146,2 k €↑
2010
Annual accounts 201019,6 k €↓
2009
Annual accounts 200930,8 k €↓
2008
Annual accounts 200858,3 k €↑
2007
Annual accounts 200725,9 k €↑
2006
Annual accounts 200612,1 k €
07/08/1988
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Vicmar

Overview

What does Vicmar do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline