ACTIVE

VINCA

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Financial year 2025 · closed on 31/12/2025
Net result
-34,4 k €
-10.0% YoY
Gross margin
213,4 k €
+0.5% YoY
Equity
613,2 k €
-5.3% YoY

What does VINCA do?

VINCA is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.068.140
Incorporation
25/08/1992
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 177 box 9
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
4 218 550,00 €
Latest accounts
31/12/2025
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate41101Development of building projects68121Buying and selling of own real estate
Joint committees (1)
  • 100
Signals
Positive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162013201220112010200920082007
Income statement
Gross margin213,4 k €212,4 k €214,7 k €124,3 k €150 k €105,5 k €189,7 k €113,7 k €53 k €128,5 k €133,6 k €123,5 k €123,4 k €123,1 k €123,1 k €120,2 k €115,7 k €
EBITDA206,3 k €205,7 k €208,2 k €118,5 k €143,9 k €99,8 k €184,5 k €108,6 k €41,8 k €123,2 k €128,8 k €118 k €119,1 k €118,7 k €118,6 k €115,3 k €98,3 k €
Operating result133,1 k €132,4 k €134,9 k €45,2 k €131,7 k €90 k €173,8 k €97,9 k €31,1 k €112,4 k €118,7 k €57,4 k €63,3 k €62,8 k €63,8 k €60,5 k €43,5 k €
Net result-34,4 k €-31,2 k €-44,2 k €-76,2 k €50 k €993 €143,8 k €63,5 k €20,1 k €74,1 k €70 k €28,8 k €31,2 k €16,6 k €42 k €34,5 k €12,1 k €
Balance sheet
Equity613,2 k €647,6 k €678,8 k €723 k €799,2 k €143,6 k €142,6 k €138,8 k €135,3 k €115,1 k €-108,3 k €-178,3 k €-207,1 k €-238,3 k €-254,9 k €-296,8 k €-331,3 k €
Total assets7,3 M €7,4 M €7,4 M €7,5 M €7,7 M €3,5 M €3,6 M €3,6 M €150,4 k €153,7 k €199,6 k €173 k €192 k €212,8 k €293,1 k €329,2 k €388 k €
Cash43 k €27,8 k €48,4 k €68,7 k €155,3 k €137,9 k €72,5 k €86,9 k €41,7 k €37,3 k €82,8 k €46,1 k €52,3 k €17,3 k €52,2 k €33,5 k €37,1 k €
Debts6,7 M €6,7 M €6,7 M €6,8 M €6,9 M €3,4 M €3,4 M €3,4 M €15,1 k €38,6 k €308 k €351,4 k €399,2 k €451,1 k €547,9 k €626,1 k €719,3 k €
Other
Workforce––––––––––––––––0,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

BARON INVESTMENTS

Director · 0874.314.943

Represented by Ramy Baron

Active

Ended mandates

Maxime Xantippe

Director · since 04 avril 2017 · until 05 juin 2022

Ended
Stephan Jeger

Director · since 04 avril 2017 · until 05 juin 2022

Ended
Francis Wellens

Managing director · since 02 juin 2014 · until 02 juin 2020

Ended
Philippe De Vleesschauwer

Director · since 02 juin 2014 · until 02 juin 2020

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/08/202629/08/202529/07/202431/07/202331/08/202231/08/2021
General meeting19/08/202617/07/202526/07/202428/07/202329/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/08/202628/08/2026FrenchPDF
Abridged model31/12/202417/07/202529/08/2025FrenchPDF
Abridged model31/12/202326/07/202429/07/2024FrenchPDF
Abridged model31/12/202228/07/202331/07/2023FrenchPDF
Abridged model31/12/202129/06/202231/08/2022FrenchPDF
Abridged model31/12/202024/06/202131/08/2021FrenchPDF
Abridged model31/12/201924/06/202031/07/2020FrenchPDF
Abridged model31/12/201824/06/201930/08/2019FrenchPDF
Micro model31/12/201721/06/201817/08/2018FrenchPDF
Micro model31/12/201606/06/201729/08/2017DutchPDF
Abridged model31/12/201506/06/201606/06/2016DutchPDF
Abridged model31/12/201426/08/201531/08/2015DutchPDF
Abridged model31/12/201331/07/201429/08/2014DutchPDF
Abridged model31/12/201228/06/201312/07/2013DutchPDF
Abridged model31/12/201110/10/201229/10/2012DutchPDF
Abridged model31/12/201027/06/201120/07/2011DutchPDF
Abridged model31/12/200907/06/201014/06/2010DutchPDF
Abridged model31/12/200802/06/200929/06/2009DutchPDF
Abridged model31/12/200702/06/200819/06/2008DutchPDF
Abridged model31/12/200604/06/200707/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 16 ended

Active mandates

BARON INVESTMENTS

Director · 0874.314.943

Represented by Ramy Baron

Active

Ended mandates

Maxime Xantippe

Director · since 04 avril 2017 · until 05 juin 2022

Ended
Stephan Jeger

Director · since 04 avril 2017 · until 05 juin 2022

Ended
Francis Wellens

Managing director · since 02 juin 2014 · until 02 juin 2020

Ended
Philippe De Vleesschauwer

Director · since 02 juin 2014 · until 02 juin 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring11/02/2022
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring19/11/2021
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates08/02/2018
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/04/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/09/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/05/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/01/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates11/06/2008
    ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 2025-34,4 k €↓
  2. 2024
    Annual accounts 2024-31,2 k €↑
  3. 2023
    Annual accounts 2023-44,2 k €↑
  4. 2022
    Annual accounts 2022-76,2 k €↓
  5. 2021
    Annual accounts 202150 k €↑
  6. 2020
    Annual accounts 2020993 €↓
  7. 2019
    Annual accounts 2019143,8 k €↑
  8. 2018
    Annual accounts 201863,5 k €↑
  9. 2017
    Annual accounts 201720,1 k €↓
  10. 2016
    Annual accounts 201674,1 k €↑
  11. 2013
    Annual accounts 201370 k €↑
  12. 2012
    Annual accounts 201228,8 k €↓
  13. 2011
    Annual accounts 201131,2 k €↑
  14. 2010
    Annual accounts 201016,6 k €↓
  15. 2009
    Annual accounts 200942 k €↑
  16. 2008
    Annual accounts 200834,5 k €↑
  17. 2007
    Annual accounts 200712,1 k €
  18. 25/08/1992
    IncorporationPublic limited company