B-VET
ActiveSummary
B-VET has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €35k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 509 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+26
Solvency50▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.13 in 2023; short-term debt: 75.2% and cash: 16.6% of total assets), and 75.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.8%
Return on assets
13.4%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €65k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€65k▲ 117%
2023 · €30k
2018: €-7klowest in 7 years
2019: €23k▲ +423% vs 2018
2020: €16k▼ -28.0% vs 2019
2021: €-3k▼ -117% vs 2020
2022: €14k▲ +595% vs 2021
2023: €30k▲ +118% vs 2022
2024: €65k▲ +117% vs 2023highest in 7 years
2018 → 2024
Total assets
€263k▲ 60.1%
2023 · €164k
2018: €24klowest in 7 years
2019: €82k▲ +243% vs 2018
2020: €48k▼ -41.3% vs 2019
2021: €26k▼ -46.4% vs 2020
2022: €167k▲ +543% vs 2021
2023: €164k▼ -1.4% vs 2022
2024: €263k▲ +60.1% vs 2023highest in 7 years
2018 → 2024
Net result
€35k▲ 116%
2023 · €16k
2018: €2k
2019: €30k▲ +1099% vs 2018
2020: €-6k▼ -121% vs 2019
2021: €-19k▼ -202% vs 2020lowest in 7 years
2022: €17k▲ +187% vs 2021
2023: €16k▼ -1.8% vs 2022
2024: €35k▲ +116% vs 2023highest in 7 years
2018 → 2024
Working capital
€52k▲ 193%
2023 · €18k
2018: €-7klowest in 7 years
2019: €23k▲ +423% vs 2018
2020: €16k▼ -28.0% vs 2019
2021: €-3k▼ -117% vs 2020
2022: €11k▲ +508% vs 2021
2023: €18k▲ +55.4% vs 2022
2024: €52k▲ +193% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€-3k€14k€30k▲ 118%€65k▲ 117%
2020: €16k
2021: €-3k▼ -117% vs 2020lowest in 5 years
2022: €14k▲ +595% vs 2021
2023: €30k▲ +118% vs 2022
2024: €65k▲ +117% vs 2023highest in 5 years
Operating result€-3k-€-15k▼ 373%€39k€37k▼ 5.0%€59k▲ 59.5%
2020: €-3k
2021: €-15k▼ -373% vs 2020lowest in 5 years
2022: €39k▲ +355% vs 2021
2023: €37k▼ -5.0% vs 2022
2024: €59k▲ +59.5% vs 2023highest in 5 years
Net result€-6k-€-19k▼ 202%€17k€16k▼ 1.8%€35k▲ 116%
2020: €-6k
2021: €-19k▼ -202% vs 2020lowest in 5 years
2022: €17k▲ +187% vs 2021
2023: €16k▼ -1.8% vs 2022
2024: €35k▲ +116% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 60% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €263k
Fixed assets
€13k ▲ 7.8%
Current assets
€250k ▲ 64.4%
Equity and liabilities €263k
Equity
€65k ▲ 117%
Debt
€198k ▲ 47.4%
Debt's share of the balance-sheet total falls from 81.7% to 75.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▲
2023 · €37k
Cash flow
€38k▲
2023 · €16k
Current ratio
1.26▲
2023 · 1.13
Quick ratio
1.24▲
2023 · 1.07
Debt to equity
3.03▼
2023 · 4.45
ROE
53.9%▼
2023 · 54.1%
ROA
13.4%▲
2023 · 9.9%
Interest coverage
4.27▲
2023 · 1.67
Debt ≤ 1 year
€198k▲
2023 · €134k
Income taxes
€12k▲
2023 · €3k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€164k€263k▲
Fixed assets21/28€12k€13k▲
Intangible fixed assets21€10k€11k▲
Financial fixed assets28€2k€2k=
Current assets29/58€152k€250k▲
Stocks and contracts in progress3€8k€4k▼
Stocks30/36€8k€4k▼
Amounts receivable within one year40/41€120k€202k▲
Trade receivables40€91k€177k▲
Other amounts receivable41€29k€25k▼
Cash at bank and in hand54/58€23k€44k▲
Equity and liabilities
Total equity and liabilities10/49€164k€263k▲
Equity10/15€30k€65k▲
Contributions10/11€6k€6k=
Reserves13€24k€59k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€22k€59k▲
Amounts payable17/49€134k€198k▲
Amounts payable within one year42/48€134k€198k▲
Trade debts44€99k€185k▲
Suppliers440/4€99k€185k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€35k€10k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170€2k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€39k€64k▲
Operating profit (loss)9901€37k€59k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€22k€14k▼
Recurring financial charges65€22k€14k▼
Profit (loss) for the period before taxes9903€19k€48k▲
Income taxes67/77€3k€12k▲
Profit (loss) for the period9904€16k€35k▲
Profit (loss) for the period to be appropriated9905€16k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€35k▲
Transfer to equity691/2€16k€35k▲
To other reserves6921€16k€35k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €170 | €2k | ▲ 1,334% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €21k | - | - | - | - |
| Other operating charges640/8 | - | €1k | €1k | €2k | €3k | ▲ 41.7% |
| Gross operating margin9900 | €-2k | €7k | €40k | €39k | €64k | ▲ 64.1% |
| Operating profit (loss)9901 | €-3k | €-15k | €39k | €37k | €59k | ▲ 59.5% |
| Financial income75/76B | - | €28 | €0 | €4k | €3k | ▼ 19.0% |
| Recurring financial income75 | €328 | €28 | €0 | €4k | €3k | ▼ 19.0% |
| Financial charges65/66B | - | €4k | €22k | €22k | €14k | ▼ 35.2% |
| Recurring financial charges65 | €3k | €4k | €22k | €22k | €14k | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €-6k | €-19k | €17k | €19k | €48k | ▲ 152% |
| Income taxes67/77 | - | - | - | €3k | €12k | ▲ 384% |
| Profit (loss) for the period9904 | €-6k | €-19k | €17k | €16k | €35k | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-19k | €17k | €16k | €35k | ▲ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €26k | €167k | €164k | €263k | ▲ 60.1% |
| Fixed assets21/28 | - | - | €2k | €12k | €13k | ▲ 7.8% |
| Intangible fixed assets21 | - | - | - | €10k | €11k | ▲ 9.7% |
| Financial fixed assets28 | - | - | €2k | €2k | €2k | = |
| Current assets29/58 | €48k | €26k | €164k | €152k | €250k | ▲ 64.4% |
| Stocks and contracts in progress3 | €5k | €9k | €7k | €8k | €4k | ▼ 52.4% |
| Stocks30/36 | - | €9k | €7k | €8k | €4k | ▼ 52.4% |
| Amounts receivable within one year40/41 | €41k | €16k | €79k | €120k | €202k | ▲ 68.1% |
| Trade receivables40 | - | €1k | €56k | €91k | €177k | ▲ 95.2% |
| Other amounts receivable41 | - | €15k | €23k | €29k | €25k | ▼ 16.2% |
| Cash at bank and in hand54/58 | €2k | €1k | €78k | €23k | €44k | ▲ 86.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €26k | €167k | €164k | €263k | ▲ 60.1% |
| Equity10/15 | €16k | €-3k | €14k | €30k | €65k | ▲ 117% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €8k | €24k | €59k | ▲ 147% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | - | €6k | €22k | €59k | ▲ 168% |
| Profit (loss) carried forward14 | €8k | €-11k | - | - | - | - |
| Amounts payable17/49 | €32k | €29k | €153k | €134k | €198k | ▲ 47.4% |
| Amounts payable within one year42/48 | €32k | €29k | €153k | €134k | €198k | ▲ 47.4% |
| Trade debts44 | €8k | €24k | €48k | €99k | €185k | ▲ 86.0% |
| Suppliers440/4 | - | €24k | €32k | €99k | €185k | ▲ 86.0% |
| Bills of exchange payable441 | - | - | €17k | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €2k | - |
| Taxes450/3 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €5k | €105k | €35k | €10k | ▼ 70.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-19k | €17k | €16k | €35k | ▲ 116% |
| + Depreciation and write-downs630 | - | - | - | €170 | €2k | ▲ 1,334% |
| Operating cash flow (approximation) | €-6k | €-19k | €17k | €16k | €38k | ▲ 128% |
| Investment in fixed assets (approximation) | - | - | - | €-10k | €-3k | ▲ 66.6% |
| Change in cash | - | €-998 | €77k | €-55k | €20k | ▲ 137% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €35k ▲116%
Operating result €59k, net result €35k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kapellen · 1 establishment unit since 2011
Ground area
3.4 ha
Building footprint
7,533 m²
Volume, LiDAR
54,209 m³
Parcel 11023C0137/00D000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
B-VET
since 20112.211.609.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023C0137/00D000 | Flanders | 3.4 ha | 1 · 7,533 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 9,000 EUR awarded · 9,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 9,000 EUR | 9,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Food safety, FASFC
1 siteKapellen (Antw.)2.211.609.502
Legal Entity Identifier
699400W2KFICIEU67758
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Of 346 companies in sector 28990 we hold annual accounts for 278. 159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
28990Manufacture of machinery and equipment not elsewhere classified
25999Manufacture of fabricated metal products, except machinery and equipment
28250Manufacture of machinery and equipment not elsewhere classified
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
46211Wholesale trade
46212Wholesale trade
46610Wholesale trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.