VITARE
Dissolution or liquidationSummary
The KBO register records for VITARE the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (€-24.32M) and a net result of €1.96M.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
20 d early
2023
48 d early
2022
42 d early
2021
183 d late
2020
243 d late
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16k▼ 30.3%
2024 · €23k
2018: €81khighest value
2019: €18k▼ -78.4% vs 2018
2023: €28k
2024: €23k▼ -19.9% vs 2023
2025: €16k▼ -30.3% vs 2024lowest value
2018 → 2025
EBIT margin
12594.3%▲ 12843.1pp
2024 · -248.8%
2018: 2117.4%
2019: 13929.4%▲ +558% vs 2018highest value
2023: -364.2%lowest value
2024: -248.8%▲ +31.7% vs 2023
2025: 12594.3%▲ +5162% vs 2024
2018 → 2025
Net result
€1.96M
2024 · €-57k
2018: €1.31M
2019: €2.42M▲ +84.5% vs 2018highest value
2021: €-2.27Mlowest value
2022: €-102k▲ +95.5% vs 2021
2023: €-104k▼ -2.0% vs 2022
2024: €-57k▲ +45.0% vs 2023
2025: €1.96M▲ +3539% vs 2024
2018 → 2025
Working capital
€-8.61M▼ 1.1%
2024 · €-8.51M
2018: €-40.64M
2019: €-40.73M▼ -0.2% vs 2018lowest value
2021: €-8.25Mhighest value
2022: €-8.35M▼ -1.2% vs 2021
2023: €-8.45M▼ -1.2% vs 2022
2024: €-8.51M▼ -0.7% vs 2023
2025: €-8.61M▼ -1.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€28k€23k▼ 19.9%€16k▼ 30.3%
2023: €28khighest in 3 years
2024: €23k▼ -19.9% vs 2023
2025: €16k▼ -30.3% vs 2024lowest in 3 years
Equity€-26.13M-€-26.24M▼ 0.4%€-26.34M▼ 0.4%€-26.40M▼ 0.2%€-24.32M▲ 7.9%
2021: €-26.13M
2022: €-26.24M▼ -0.4% vs 2021
2023: €-26.34M▼ -0.4% vs 2022
2024: €-26.40M▼ -0.2% vs 2023lowest in 5 years
2025: €-24.32M▲ +7.9% vs 2024highest in 5 years
Operating result€-2.27M-€-100k▲ 95.6%€-103k▼ 2.1%€-56k▲ 45.3%€1.98M
2021: €-2.27Mlowest in 5 years
2022: €-100k▲ +95.6% vs 2021
2023: €-103k▼ -2.1% vs 2022
2024: €-56k▲ +45.3% vs 2023
2025: €1.98M▲ +3630% vs 2024highest in 5 years
Net result€-2.27M-€-102k▲ 95.5%€-104k▼ 2.0%€-57k▲ 45.0%€1.96M
2021: €-2.27Mlowest in 5 years
2022: €-102k▲ +95.5% vs 2021
2023: €-104k▼ -2.0% vs 2022
2024: €-57k▲ +45.0% vs 2023
2025: €1.96M▲ +3539% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1.98M after a loss of €56k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.06M
Fixed assets
€17.02M ▲ 14.7%
Current assets
€39k ▲ 30.8%
Key figures and ratios
EBITDA
€2.23M
Cash flow
€2.21M
Solvency
-142.6%▲
2024 · -177.5%
Current ratio
0.00▲
2024 · 0.00
Debt to equity
-1.70▼
2024 · -1.56
ROA
11.5%▲
2024 · -0.4%
Interest coverage
17381.83
Debt
€41.30M▲
2024 · €41.19M
Debt ≤ 1 year
€8.64M▲
2024 · €8.54M
Debt > 1 year
€32.65M=
2024 · €32.65M
Income taxes
€16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14.87M€17.06M▲
Fixed assets21/28€14.84M€17.02M▲
Tangible fixed assets22/27€14.84M€17.02M▲
Land and buildings22€14.84M€17.02M▲
Current assets29/58€30k€39k▲
Cash at bank and in hand54/58€30k€39k▲
Equity and liabilities
Total equity and liabilities10/49€14.87M€17.06M▲
Equity10/15€-26.40M€-24.32M▲
Contributions10/11€613k€613k=
Capital10€613k€613k=
Issued capital100€613k€613k=
Revaluation surpluses12-€116k
Profit (loss) carried forward14€-27.01M€-25.04M▲
Provisions and deferred taxes16€75k€75k=
Provisions for liabilities and charges160/5€75k€75k=
Other liabilities and charges164/5€75k€75k=
Amounts payable17/49€41.19M€41.30M▲
Amounts payable after more than one year17€32.65M€32.65M=
Financial debts170/4€32.65M€32.65M=
Credit institutions173€32.65M€32.65M=
Amounts payable within one year42/48€8.54M€8.64M▲
Financial debts43€8.54M€8.59M▲
Credit institutions430/8€7.66M€7.71M▲
Other loans439€882k€882k=
Trade debts44-€39k
Suppliers440/4-€39k
Taxes, remuneration and social security45-€16k
Taxes450/3-€16k
Income statement
Code20242025
Operating income70/76A€23k€2.32M▲
Turnover70€23k€16k▼
Non-recurring operating income76A-€2.31M
Operating charges60/66A€79k€341k▲
Services and other goods61€77k€40k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€246k
Other operating charges640/8€2k€54k▲
Operating profit (loss)9901€-56k€1.98M▲
Financial income75/76B-€4
Recurring financial income75-€4
Income from current assets751-€4
Financial charges65/66B€1k€963▼
Recurring financial charges65€1k€963▼
Debt charges650-€128
Other financial charges652/9€1k€834▼
Profit (loss) for the period before taxes9903€-57k€1.98M▲
Income taxes67/77-€16k
Taxes670/3-€16k
Profit (loss) for the period9904€-57k€1.96M▲
Profit (loss) for the period to be appropriated9905€-57k€1.96M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27.01M€-25.04M▲
Profit (loss) brought forward from the previous period14P€-26.95M€-27.01M▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €18k | - | €28k | €23k | €2.32M | ▲ 10,193% |
| Turnover70 | - | - | €28k | €23k | €16k | ▼ 30.3% |
| Other operating income74 | €18k | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €2.31M | - |
| Operating charges60/66A | €2.29M | €100k | €131k | €79k | €341k | ▲ 333% |
| Services and other goods61 | €140k | €94k | €123k | €77k | €40k | ▼ 48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.12M | - | - | - | €246k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €25k | - | - | - | - | - |
| Other operating charges640/8 | €3k | €6k | €8k | €2k | €54k | ▲ 3,342% |
| Operating profit (loss)9901 | €-2.27M | €-100k | €-103k | €-56k | €1.98M | ▲ 3,630% |
| Financial income75/76B | - | - | €20 | - | €4 | - |
| Recurring financial income75 | - | - | €20 | - | €4 | - |
| Income from current assets751 | - | - | - | - | €4 | - |
| Other financial income752/9 | - | - | €20 | - | - | - |
| Financial charges65/66B | €459 | €1k | €1k | €1k | €963 | ▼ 3.8% |
| Recurring financial charges65 | €459 | €1k | €1k | €1k | €963 | ▼ 3.8% |
| Debt charges650 | €0 | - | - | - | €128 | - |
| Other financial charges652/9 | €459 | €1k | €1k | €1k | €834 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €-2.27M | €-102k | €-104k | €-57k | €1.98M | ▲ 3,566% |
| Income taxes67/77 | €96 | - | - | - | €16k | - |
| Taxes670/3 | €96 | - | - | - | €16k | - |
| Profit (loss) for the period9904 | €-2.27M | €-102k | €-104k | €-57k | €1.96M | ▲ 3,539% |
| Profit (loss) for the period to be appropriated9905 | €-2.27M | €-102k | €-104k | €-57k | €1.96M | ▲ 3,539% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.89M | €14.91M | €14.86M | €14.87M | €17.06M | ▲ 14.7% |
| Fixed assets21/28 | €14.84M | €14.84M | €14.84M | €14.84M | €17.02M | ▲ 14.7% |
| Tangible fixed assets22/27 | €14.84M | €14.84M | €14.84M | €14.84M | €17.02M | ▲ 14.7% |
| Land and buildings22 | €14.84M | €14.84M | €14.84M | €14.84M | €17.02M | ▲ 14.7% |
| Current assets29/58 | €50k | €67k | €16k | €30k | €39k | ▲ 30.8% |
| Cash at bank and in hand54/58 | €50k | €67k | €16k | €30k | €39k | ▲ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.89M | €14.91M | €14.86M | €14.87M | €17.06M | ▲ 14.7% |
| Equity10/15 | €-26.13M | €-26.24M | €-26.34M | €-26.40M | €-24.32M | ▲ 7.9% |
| Contributions10/11 | €613k | €613k | €613k | €613k | €613k | = |
| Capital10 | €613k | €613k | €613k | €613k | €613k | = |
| Issued capital100 | €613k | €613k | €613k | €613k | €613k | = |
| Revaluation surpluses12 | - | - | - | - | €116k | - |
| Profit (loss) carried forward14 | €-26.75M | €-26.85M | €-26.95M | €-27.01M | €-25.04M | ▲ 7.3% |
| Provisions and deferred taxes16 | €75k | €75k | €75k | €75k | €75k | = |
| Provisions for liabilities and charges160/5 | €75k | €75k | €75k | €75k | €75k | = |
| Other liabilities and charges164/5 | €75k | €75k | €75k | €75k | €75k | = |
| Amounts payable17/49 | €40.95M | €41.07M | €41.12M | €41.19M | €41.30M | ▲ 0.3% |
| Amounts payable after more than one year17 | €32.65M | €32.65M | €32.65M | €32.65M | €32.65M | = |
| Financial debts170/4 | €32.65M | €32.65M | €32.65M | €32.65M | €32.65M | = |
| Credit institutions173 | €32.65M | €32.65M | €32.65M | €32.65M | €32.65M | = |
| Amounts payable within one year42/48 | €8.30M | €8.42M | €8.47M | €8.54M | €8.64M | ▲ 1.2% |
| Financial debts43 | €8.29M | €8.42M | €8.42M | €8.54M | €8.59M | ▲ 0.6% |
| Credit institutions430/8 | €7.41M | €7.53M | €7.53M | €7.66M | €7.71M | ▲ 0.7% |
| Other loans439 | €882k | €882k | €882k | €882k | €882k | = |
| Trade debts44 | €8k | €2k | €54k | - | €39k | - |
| Suppliers440/4 | €8k | €2k | €54k | - | €39k | - |
| Taxes, remuneration and social security45 | - | - | - | - | €16k | - |
| Taxes450/3 | - | - | - | - | €16k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2.27M | €-102k | €-104k | €-57k | €1.96M | ▲ 3,539% |
| + Depreciation and write-downs630 | €2.12M | - | - | - | €246k | - |
| Operating cash flow (approximation) | €-151k | €-102k | €-104k | €-57k | €2.21M | ▲ 3,970% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-2.42M | - |
| Change in cash | - | €17k | €-52k | €14k | €9k | ▼ 34.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €1.96M
Net result €1.96M after 4 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 183 days late
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 243 days late
2021
31-12
Financial
Weakest financial yearnet €-2.27M
Net result drops to €-2.27M, the lowest in the series.
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 97 days late
2019
31-12
Financial
Highest result since 2018net €2.42M ▲84.5%
Operating result €2.44M, net result €2.42M, both a record.
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 49 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2009
Ground area
1,280 m²
Building footprint
415 m²
Volume, LiDAR
5,100 m³
2 parcels, Flanders · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
132
companies at this address
See who is registered here
1 establishment unit
VITARE
since 20092.182.800.896
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2048/00V002 | Flanders | 794 m² | 1 · 299 m² | 18.5 m · 6 fl. |
| 44011B0438/00G004indicative | Flanders | 486 m² | 1 · 117 m² | 2.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded27-11-2008
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.