ACTIVE

Vicaro

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Financial year 2025 · closed on 30/09/2025

Net result

-2,3 k €

-134.6% YoY

Gross margin

605,4 k €

+22.9% YoY

Equity

930,5 k €

-0.2% YoY

What does Vicaro do?

Vicaro is a Public limited company incorporated in 1998. Its main activity is: Buying and selling of own real estate. Its registered office is in Temse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.800.451

Incorporation

09/07/1998

Legal form

Public limited company

Registered office

Elsstraat-Noord 4
9140 Temse · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

30/09/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70111Activities of head offices 41101Development of building projects 64200Activities of holding companies 64210Activities of holding companies+3

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	605,4 k €	+22.9%	492,6 k €	+156%	192,7 k €	-12.8%	221,1 k €	+11.2%	198,8 k €	+64.6%	120,8 k €	-65.0%	344,7 k €	+115%	160,7 k €	+103%	79,3 k €	+70.7%	46,5 k €	+530%	-10,8 k €	-120%	54,4 k €	-5.2%	57,4 k €	-49.9%	114,6 k €	-5.5%	121,2 k €	+7.2%	113,1 k €	+30.9%	86,4 k €	-44.0%	154,4 k €
EBITDA	580,4 k €	+32.8%	436,9 k €	+142%	180,2 k €	-15.9%	214,2 k €	+11.9%	191,4 k €	+70.1%	112,5 k €	-66.6%	337,1 k €	+120%	153,4 k €	+114%	71,8 k €	+76.7%	40,6 k €	+352%	-16,1 k €	-135%	46,3 k €	-5.3%	48,9 k €	-54.2%	106,8 k €	-5.3%	112,7 k €	+7.8%	104,6 k €	+32.5%	78,9 k €	-46.4%	147,3 k €
Operating result	365,1 k €	+16.5%	313,5 k €	+265%	85,8 k €	-38.2%	138,9 k €	-9.8%	154,1 k €	+80.6%	85,3 k €	-72.5%	309,9 k €	+148%	124,8 k €	+190%	43 k €	+263%	11,9 k €	+126%	-44,9 k €	-628%	8,5 k €	+117%	3,9 k €	-93.7%	62,2 k €	-8.7%	68,1 k €	+13.6%	60 k €	+181%	21,4 k €	-74.4%	83,3 k €
Net result	-2,3 k €	-135%	6,7 k €	+151%	-13,2 k €	-119%	70,2 k €	-8.4%	76,6 k €	-53.8%	165,7 k €	-30.0%	236,6 k €	+79.9%	131,5 k €	+4493%	-3 k €	-127%	11 k €	-95.9%	266,9 k €	+979%	-30,4 k €	+17.6%	-36,9 k €	-323%	16,5 k €	+27.4%	13 k €	+1119%	1,1 k €	-98.2%	59,4 k €	+726%	7,2 k €
Balance sheet
Equity	930,5 k €	-0.2%	932,9 k €	+0.7%	926,1 k €	-1.4%	939,4 k €	+8.1%	869,2 k €	+10.2%	788,7 k €	+26.6%	623 k €	+63.0%	382,2 k €	+52.5%	250,7 k €	-26.5%	340,9 k €	+3.3%	329,9 k €	+423%	63 k €	-32.5%	93,4 k €	-28.3%	130,3 k €	+14.5%	113,7 k €	+12.9%	100,8 k €	+1.1%	99,7 k €	+147%	40,3 k €
Total assets	10,3 M €	+28.6%	8 M €	+35.1%	5,9 M €	+80.3%	3,3 M €	-2.8%	3,4 M €	+4.0%	3,3 M €	-3.3%	3,4 M €	+5.1%	3,2 M €	+6.0%	3 M €	+23.1%	2,5 M €	+111%	1,2 M €	-19.4%	1,4 M €	-2.3%	1,5 M €	-3.6%	1,5 M €	-30.3%	2,2 M €	+8.6%	2 M €	+1.1%	2 M €	+9.2%	1,8 M €
Cash	116,7 k €	+520%	18,8 k €	+21.5%	15,5 k €	-94.8%	295,2 k €	+925%	28,8 k €	+422%	5,5 k €	-81.6%	29,9 k €	+1264%	2,2 k €	-21.1%	2,8 k €	-82.9%	16,2 k €	+29.6%	12,5 k €	+136%	5,3 k €	+147%	2,2 k €	-86.3%	15,7 k €	+124%	7 k €		–		1,6 k €	-81.7%	8,7 k €
Debts	9,4 M €	+32.5%	7,1 M €	+41.7%	5 M €	+114%	2,3 M €	-6.6%	2,5 M €	+2.3%	2,4 M €	-10.1%	2,7 M €	-2.5%	2,8 M €	+1.9%	2,7 M €	+31.8%	2,1 M €	+162%	794,9 k €	-40.6%	1,3 M €	-0.3%	1,3 M €	-1.2%	1,4 M €	-33.3%	2 M €	+9.0%	1,9 M €	+1.2%	1,8 M €	+3.1%	1,8 M €
Other
Workforce	–		–		0,0 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 30/09/2025 · 3 active · 22 ended

Active mandates

Kristel Van den Branden

Director · since 10 mai 2023 · until 10 mai 2029

Active

Lynn Vermeulen

Director · since 10 mai 2023 · until 10 mai 2029

Active

Stephanie Vermeulen

Director · since 10 mai 2023 · until 10 mai 2029

Active

Ended mandates

Stephanie Vermeulen

Director · since 01 janvier 2023 · until 01 mars 2028

Ended

Stephanie Vermeulen

Director · since 01 janvier 2023 · until 06 mars 2028

Ended

Stephanie Vermeulen

Director · since 01 janvier 2023

Ended

Kristel Van den Branden

Managing director · since 30 mars 2022 · until 01 mars 2027

Ended

At this address

Other companies at this address

Company	CBE no.
VR BUILD● Active	0896.313.355

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/03/2026	20/03/2025	12/03/2024	21/04/2023	07/04/2022	20/04/2021
General meeting	04/03/2026	05/03/2025	06/03/2024	29/03/2023	30/03/2022	03/03/2021
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	30/09/2025	04/03/2026	06/03/2026	Dutch	PDF
Abridged model	30/09/2024	05/03/2025	20/03/2025	Dutch	PDF
Abridged model	30/09/2023	06/03/2024	12/03/2024	Dutch	PDF
Abridged model	30/09/2022	29/03/2023	21/04/2023	Dutch	PDF
Abridged model	30/09/2021	30/03/2022	07/04/2022	Dutch	PDF
Abridged model	30/09/2020	03/03/2021	20/04/2021	Dutch	PDF
Abridged model	30/09/2019	04/03/2020	02/04/2020	Dutch	PDF
Abridged model	30/09/2018	06/03/2019	19/04/2019	Dutch	PDF
Abridged model	30/09/2017	07/03/2018	26/04/2018	Dutch	PDF
Abridged model	30/09/2016	01/03/2017	04/05/2017	Dutch	PDF
Abridged model	30/09/2015	02/03/2016	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	04/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	05/03/2014	14/03/2014	Dutch	PDF
Abridged model	30/09/2012	06/03/2013	11/03/2013	Dutch	PDF
Abridged model	30/09/2011	07/03/2012	08/03/2012	Dutch	PDF
Abridged model	30/09/2010	02/03/2011	05/04/2011	Dutch	PDF
Abridged model	30/09/2009	03/03/2010	20/05/2010	Dutch	PDF
Abridged model	30/09/2008	04/03/2009	22/05/2009	Dutch	PDF
Abridged model	30/09/2007	05/03/2008	06/05/2008	Dutch	PDF
Abridged model	30/09/2006	07/03/2007	23/03/2007	Dutch	PDF

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 30/09/2025 · 3 active · 22 ended

Active mandates

Kristel Van den Branden

Director · since 10 mai 2023 · until 10 mai 2029

Active

Lynn Vermeulen

Director · since 10 mai 2023 · until 10 mai 2029

Active

Stephanie Vermeulen

Director · since 10 mai 2023 · until 10 mai 2029

Active

Ended mandates

Stephanie Vermeulen

Director · since 01 janvier 2023 · until 01 mars 2028

Ended

Stephanie Vermeulen

Director · since 01 janvier 2023 · until 06 mars 2028

Ended

Stephanie Vermeulen

Director · since 01 janvier 2023

Ended

Kristel Van den Branden

Managing director · since 30 mars 2022 · until 01 mars 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/07/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares12/11/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 2025-2,3 k €↓
2024
Annual accounts 20246,7 k €↑
2023
Annual accounts 2023-13,2 k €↓
2022
Annual accounts 202270,2 k €↓
2021
Annual accounts 202176,6 k €↓
2020
Annual accounts 2020165,7 k €↓
2019
Annual accounts 2019236,6 k €↑
2018
Annual accounts 2018131,5 k €↑
2017
Annual accounts 2017-3 k €↓
2015
Annual accounts 201511 k €↓
2014
Annual accounts 2014266,9 k €↑
2013
Annual accounts 2013-30,4 k €↑
2012
Annual accounts 2012-36,9 k €↓
2011
Annual accounts 201116,5 k €↑
2010
Annual accounts 201013 k €↑
2009
Annual accounts 20091,1 k €↓
2008
Annual accounts 200859,4 k €↑
2007
Annual accounts 20077,2 k €
09/07/1998
IncorporationPublic 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

Vicaro

Overview

What does Vicaro do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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