ACTIVE

VIVEC

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Financial year 2025 · closed on 31/12/2025

Net result

7,7 k €

-49.6% YoY

Gross margin

29,7 k €

-31.2% YoY

Equity

76,9 k €

-13.7% YoY

What does VIVEC do?

VIVEC is a Private limited company incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Bornem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.903.972

Incorporation

19/10/2001

Legal form

Private limited company

Registered office

Buitenland(BOR) 68
2880 Bornem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 73110Advertising agencies 73110Advertising agencies 74201Photographic activities+1

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	29,7 k €	-31.2%	43,1 k €	-42.2%	74,6 k €	+47.4%	50,6 k €	+78.8%	28,3 k €	+149%	11,4 k €	-72.8%	41,8 k €	-76.2%	175,8 k €	+11.7%	157,5 k €	+22.8%	128,2 k €	+99.9%	64,1 k €	-1.1%	64,9 k €	+151%	25,8 k €	-31.6%	37,8 k €	-32.5%	55,9 k €	+0.1%	55,9 k €	-59.9%	139,4 k €	+15.2%	121 k €	-20.3%	151,8 k €	+16.4%	130,4 k €
EBITDA	28,5 k €	-32.3%	42,1 k €	-40.9%	71,2 k €	+51.3%	47,1 k €	+89.9%	24,8 k €	+215%	7,9 k €	-80.3%	40 k €	-76.8%	172,5 k €	+10.4%	156,3 k €	+372%	-57,4 k €	-195%	60,6 k €	-0.8%	61,1 k €	+175%	22,2 k €	-38.7%	36,2 k €	-34.9%	55,7 k €	+2.5%	54,3 k €	-60.4%	137 k €	+15.7%	118,4 k €	-19.7%	147,4 k €	+15.0%	128,1 k €
Operating result	13,6 k €	-43.6%	24,2 k €	-45.9%	44,7 k €	+89.2%	23,7 k €	+1676%	1,3 k €	+108%	-16,1 k €	-250%	10,7 k €	-92.0%	132,9 k €	+7.6%	123,5 k €	+226%	-98,2 k €	-641%	18,2 k €	-7.6%	19,7 k €	+231%	-15 k €	-3048%	-475,1 €	-102%	19,7 k €	-2.3%	20,2 k €	-78.3%	93,1 k €	+24.1%	75 k €	-28.0%	104,2 k €	+22.5%	85,1 k €
Net result	7,7 k €	-49.6%	15,3 k €	-52.0%	32 k €	+96.3%	16,3 k €	+347%	3,6 k €	+123%	-15,6 k €	-295%	8 k €	-91.2%	91,3 k €	-16.5%	109,3 k €	+209%	-100,4 k €	-5361%	1,9 k €	-94.9%	37,1 k €	+272%	-21,5 k €	-448%	-3,9 k €	-188%	-1,4 k €	-108%	17,3 k €	-73.1%	64,3 k €	+25.2%	51,3 k €	-32.3%	75,8 k €	+16.0%	65,3 k €
Balance sheet
Equity	76,9 k €	-13.7%	89,1 k €	-30.0%	127,2 k €	-9.3%	140,2 k €	+5.7%	132,6 k €	+2.8%	129 k €	-10.8%	144,5 k €	+5.9%	136,5 k €	+202%	45,3 k €	+171%	-64,1 k €	-277%	36,3 k €	+5.5%	34,4 k €	+1392%	-2,7 k €	-114%	18,9 k €	-17.2%	22,8 k €	-5.6%	24,2 k €	-91.3%	276,9 k €	+30.2%	212,6 k €	+31.8%	161,3 k €	+16.1%	138,9 k €
Total assets	178,2 k €	-0.5%	179,2 k €	-17.2%	216,3 k €	+34.4%	161 k €	-6.4%	171,9 k €	-2.0%	175,4 k €	+2.5%	171,2 k €	-37.2%	272,7 k €	-48.5%	529,6 k €	+162%	202,5 k €	-17.9%	246,5 k €	-13.0%	283,5 k €	+13.0%	250,8 k €	-19.9%	313,1 k €	+7.7%	290,6 k €	-11.0%	326,7 k €	-2.1%	333,7 k €	+4.8%	318,3 k €	-34.8%	487,8 k €	-2.0%	497,9 k €
Cash	77 k €	+16.6%	66,1 k €	+70.8%	38,7 k €	-66.3%	114,9 k €	+308%	28,2 k €	+130%	12,2 k €	-71.3%	42,7 k €	-47.6%	81,6 k €	+25607%	317,3 €	-87.5%	2,5 k €		–		16,4 k €		–		–		–		–		1,1 k €	+46.1%	745,8 €	-98.2%	41,5 k €	+281%	10,9 k €
Debts	97,9 k €	+10.4%	88,7 k €	+0.8%	88 k €	+324%	20,7 k €	-47.2%	39,3 k €	-15.4%	46,4 k €	+74.2%	26,7 k €	-59.7%	66,1 k €	-86.3%	484,3 k €	+81.7%	266,5 k €	+26.8%	210,2 k €	-15.6%	249,1 k €	-1.7%	253,5 k €	-13.9%	294,2 k €	+9.8%	267,8 k €	-11.5%	302,5 k €	+452%	54,9 k €	-46.6%	102,7 k €	-68.1%	321,9 k €	-9.6%	356 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Katrien Verkinderen

Director · since 21 avril 2021

Active

Tom Van Den Heuvel

Director · since 21 avril 2021

Active

Ended mandates

Katrien Verkinderen

Director · since 01 janvier 2010

Ended

Katrien Verkinderen

Manager · since 01 janvier 2010

Ended

Tom Van Den Heuvel

Mandate · since 19 octobre 2001

Ended

Tom Van Den Heuvel

Director · since 19 octobre 2001

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	18/05/2026	10/06/2025	16/07/2024	25/05/2023	17/06/2022	08/07/2021
General meeting	15/05/2026	16/05/2025	19/06/2024	19/05/2023	20/05/2022	24/06/2021
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
Micro model	31/12/2025	15/05/2026	18/05/2026	Dutch	PDF
Micro model	31/12/2024	16/05/2025	10/06/2025	Dutch	PDF
Micro model	31/12/2023	19/06/2024	16/07/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	25/05/2023	Dutch	PDF
Micro model	31/12/2021	20/05/2022	17/06/2022	Dutch	PDF
Micro model	31/12/2020	24/06/2021	08/07/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	05/10/2020	Dutch	PDF
Micro model	31/12/2018	17/05/2019	18/06/2019	Dutch	PDF
Micro model	31/12/2017	22/06/2018	20/07/2018	Dutch	PDF
Micro model	31/03/2017	15/09/2017	26/09/2017	Dutch	PDF
Abridged model	31/03/2016	16/09/2016	26/09/2016	Dutch	PDF
Abridged model	31/03/2015	18/09/2015	24/09/2015	Dutch	PDF
Abridged model	31/03/2014	26/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	19/02/2014	Dutch	PDF
Abridged model	31/03/2012	21/09/2012	24/10/2012	Dutch	PDF
Abridged model	31/03/2011	16/09/2011	28/10/2011	Dutch	PDF
Abridged model	31/03/2010	17/09/2010	13/10/2010	Dutch	PDF
Abridged model	31/03/2009	18/09/2009	02/10/2009	Dutch	PDF
Abridged model	31/03/2008	19/09/2008	30/10/2008	Dutch	PDF
Abridged model	31/03/2007	14/09/2007	08/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 9 ended

Active mandates

Katrien Verkinderen

Director · since 21 avril 2021

Active

Tom Van Den Heuvel

Director · since 21 avril 2021

Active

Ended mandates

Katrien Verkinderen

Director · since 01 janvier 2010

Ended

Katrien Verkinderen

Manager · since 01 janvier 2010

Ended

Tom Van Den Heuvel

Mandate · since 19 octobre 2001

Ended

Tom Van Den Heuvel

Director · since 19 octobre 2001

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2018
KAPITAAL - AANDELEN
PDF
Mandates26/05/2017
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/11/2004
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

2025
Annual accounts 20257,7 k €↓
2024
Annual accounts 202415,3 k €↓
2023
Annual accounts 202332 k €↑
2022
Annual accounts 202216,3 k €↑
2021
Annual accounts 20213,6 k €↑
2020
Annual accounts 2020-15,6 k €↓
2019
Annual accounts 20198 k €↓
2018
Annual accounts 201891,3 k €↓
2017
Annual accounts 2017109,3 k €↑
2017
Annual accounts 2017-100,4 k €↓
2016
Annual accounts 20161,9 k €↓
2015
Annual accounts 201537,1 k €↑
2014
Annual accounts 2014-21,5 k €↓
2013
Annual accounts 2013-3,9 k €↓
2012
Annual accounts 2012-1,4 k €↓
2011
Annual accounts 201117,3 k €↓
2010
Annual accounts 201064,3 k €↑
2009
Annual accounts 200951,3 k €↓
2008
Annual accounts 200875,8 k €↑
2007
Annual accounts 200765,3 k €
19/10/2001
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

VIVEC

Overview

What does VIVEC 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