EQUIVET
ActiveSummary
EQUIVET has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.48M and a net result of €150k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 233 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79=
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 5.53 against 3.59 in 2023; short-term debt: 16.4% and cash: 11.7% of total assets), and 18.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.6%
Return on assets
8.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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
59 d late
2023
57 d late
2022
32 d late
2021
21 d early
2020
30 d late
2019
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.48M▲ 11.3%
2023 · €1.33M
2018: €530klowest in 7 years
2019: €614k▲ +15.8% vs 2018
2020: €741k▲ +20.8% vs 2019
2021: €862k▲ +16.2% vs 2020
2022: €1.17M▲ +36.1% vs 2021
2023: €1.33M▲ +13.1% vs 2022
2024: €1.48M▲ +11.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.81M▲ 0.3%
2023 · €1.80M
2018: €1.12M
2019: €1.10M▼ -2.0% vs 2018lowest in 7 years
2020: €1.37M▲ +24.7% vs 2019
2021: €1.46M▲ +6.3% vs 2020
2022: €1.69M▲ +15.8% vs 2021
2023: €1.80M▲ +6.9% vs 2022
2024: €1.81M▲ +0.3% vs 2023highest in 7 years
2018 → 2024
Net result
€150k▼ 2.3%
2023 · €154k
2018: €37klowest in 7 years
2019: €84k▲ +128% vs 2018
2020: €128k▲ +52.6% vs 2019
2021: €120k▼ -5.6% vs 2020
2022: €312k▲ +159% vs 2021highest in 7 years
2023: €154k▼ -50.7% vs 2022
2024: €150k▼ -2.3% vs 2023
2018 → 2024
Working capital
€1.34M▲ 15.7%
2023 · €1.16M
2018: €535klowest in 7 years
2019: €616k▲ +15.1% vs 2018
2020: €708k▲ +15.0% vs 2019
2021: €815k▲ +15.2% vs 2020
2022: €1.02M▲ +25.5% vs 2021
2023: €1.16M▲ +13.3% vs 2022
2024: €1.34M▲ +15.7% 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€741k-€862k▲ 16.2%€1.17M▲ 36.1%€1.33M▲ 13.1%€1.48M▲ 11.3%
2020: €741klowest in 5 years
2021: €862k▲ +16.2% vs 2020
2022: €1.17M▲ +36.1% vs 2021
2023: €1.33M▲ +13.1% vs 2022
2024: €1.48M▲ +11.3% vs 2023highest in 5 years
Operating result€206k-€176k▼ 14.7%€416k▲ 136%€220k▼ 47.0%€216k▼ 2.1%
2020: €206k
2021: €176k▼ -14.7% vs 2020lowest in 5 years
2022: €416k▲ +136% vs 2021highest in 5 years
2023: €220k▼ -47.0% vs 2022
2024: €216k▼ -2.1% vs 2023
Net result€128k-€120k▼ 5.6%€312k▲ 159%€154k▼ 50.7%€150k▼ 2.3%
2020: €128k
2021: €120k▼ -5.6% vs 2020lowest in 5 years
2022: €312k▲ +159% vs 2021highest in 5 years
2023: €154k▼ -50.7% vs 2022
2024: €150k▼ -2.3% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.81M
Fixed assets
€171k ▼ 13.1%
Current assets
€1.64M ▲ 1.9%
Equity and liabilities €1.81M
Equity
€1.48M ▲ 11.3%
Debt
€332k ▼ 30.4%
Debt's share of the balance-sheet total falls from 26.4% to 18.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€256k▼
2023 · €265k
Cash flow
€190k▼
2023 · €198k
Current ratio
5.53▲
2023 · 3.59
Quick ratio
5.00▲
2023 · 3.24
Debt to equity
0.22▼
2023 · 0.36
ROE
10.2%▼
2023 · 11.6%
ROA
8.3%▼
2023 · 8.5%
Interest coverage
63.77▼
2023 · 152.94
Debt ≤ 1 year
€296k▼
2023 · €447k
Income taxes
€64k▼
2023 · €65k
Staff costs
€92k▲
2023 · €83k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.80M€1.81M▲
Fixed assets21/28€197k€171k▼
Tangible fixed assets22/27€197k€171k▼
Land and buildings22€28k€26k▼
Plant, machinery and equipment23€99k€94k▼
Furniture and vehicles24€71k€52k▼
Current assets29/58€1.61M€1.64M▲
Stocks and contracts in progress3€157k€158k▲
Stocks30/36€157k€158k▲
Amounts receivable within one year40/41€1.16M€1.14M▼
Trade receivables40€1.15M€816k▼
Other amounts receivable41€12k€326k▲
Current investments50/53-€126k
Cash at bank and in hand54/58€288k€212k▼
Equity and liabilities
Total equity and liabilities10/49€1.80M€1.81M▲
Equity10/15€1.33M€1.48M▲
Contributions10/11€19k€19k=
Reserves13€1.31M€1.46M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.31M€1.46M▲
Amounts payable17/49€477k€332k▼
Amounts payable within one year42/48€447k€296k▼
Current portion of amounts payable after more than one year42€30k-
Trade debts44€257k€198k▼
Suppliers440/4€257k€198k▼
Taxes, remuneration and social security45€43k€53k▲
Taxes450/3€43k€53k▲
Other amounts payable47/48€117k€44k▼
Accrued charges and deferred income492/3€30k€36k▲
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€83k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€40k▼
Other operating charges640/8€2k€8k▲
Non-recurring operating charges66A-€-8k
Gross operating margin9900€349k€348k▼
Operating profit (loss)9901€220k€216k▼
Financial income75/76B-€3k
Recurring financial income75-€2k
Non-recurring financial income76B-€795
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€219k€214k▼
Income taxes67/77€65k€64k▼
Profit (loss) for the period9904€154k€150k▼
Profit (loss) for the period to be appropriated9905€154k€150k▼
Appropriation of the result
Profit (loss) to be appropriated9906€154k€150k▼
Transfer to equity691/2€154k€150k▼
To other reserves6921€154k€150k▼
Social balance
Average headcount (FTE)90872.83.0▲
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2k | - |
| Remuneration, social security and pensions62 | - | €66k | €57k | €83k | €92k | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €33k | €29k | €45k | €40k | ▼ 9.9% |
| Other operating charges640/8 | - | €2k | €3k | €2k | €8k | ▲ 280% |
| Non-recurring operating charges66A | - | - | €81k | - | €-8k | - |
| Gross operating margin9900 | €298k | €277k | €586k | €349k | €348k | ▼ 0.4% |
| Operating profit (loss)9901 | €206k | €176k | €416k | €220k | €216k | ▼ 2.1% |
| Financial income75/76B | - | €1k | €3k | - | €3k | - |
| Recurring financial income75 | - | €12 | €3k | - | €2k | - |
| Non-recurring financial income76B | - | €1k | €3k | - | €795 | - |
| Financial charges65/66B | - | €9k | €-251 | €2k | €4k | ▲ 132% |
| Recurring financial charges65 | €-342 | €9k | €-251 | €2k | €4k | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €207k | €169k | €419k | €219k | €214k | ▼ 1.9% |
| Income taxes67/77 | €79k | €48k | €107k | €65k | €64k | ▼ 0.8% |
| Profit (loss) for the period9904 | €128k | €120k | €312k | €154k | €150k | ▼ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €128k | €120k | €312k | €154k | €150k | ▼ 2.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.37M | €1.46M | €1.69M | €1.80M | €1.81M | ▲ 0.3% |
| Fixed assets21/28 | €102k | €103k | €179k | €197k | €171k | ▼ 13.1% |
| Tangible fixed assets22/27 | €102k | €103k | €179k | €197k | €171k | ▼ 13.1% |
| Land and buildings22 | - | €31k | €29k | €28k | €26k | ▼ 5.6% |
| Plant, machinery and equipment23 | - | €51k | €53k | €99k | €94k | ▼ 5.4% |
| Furniture and vehicles24 | - | €21k | €97k | €71k | €52k | ▼ 26.9% |
| Current assets29/58 | €1.27M | €1.36M | €1.51M | €1.61M | €1.64M | ▲ 1.9% |
| Stocks and contracts in progress3 | €136k | €80k | €167k | €157k | €158k | ▲ 0.8% |
| Stocks30/36 | - | €80k | €167k | €157k | €158k | ▲ 0.8% |
| Amounts receivable within one year40/41 | €832k | €829k | €979k | €1.16M | €1.14M | ▼ 1.7% |
| Trade receivables40 | - | €811k | €978k | €1.15M | €816k | ▼ 29.1% |
| Other amounts receivable41 | - | €18k | €990 | €12k | €326k | ▲ 2,667% |
| Current investments50/53 | - | - | - | - | €126k | - |
| Cash at bank and in hand54/58 | €302k | €447k | €363k | €288k | €212k | ▼ 26.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.37M | €1.46M | €1.69M | €1.80M | €1.81M | ▲ 0.3% |
| Equity10/15 | €741k | €862k | €1.17M | €1.33M | €1.48M | ▲ 11.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €723k | €843k | €1.15M | €1.31M | €1.46M | ▲ 11.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €841k | €1.15M | €1.31M | €1.46M | ▲ 11.5% |
| Amounts payable17/49 | €630k | €597k | €515k | €477k | €332k | ▼ 30.4% |
| Amounts payable after more than one year17 | €57k | €35k | €5k | - | - | - |
| Financial debts170/4 | - | €35k | €5k | - | - | - |
| Amounts payable within one year42/48 | €561k | €540k | €486k | €447k | €296k | ▼ 33.7% |
| Current portion of amounts payable after more than one year42 | - | €17k | €47k | €30k | - | - |
| Trade debts44 | €360k | €295k | €214k | €257k | €198k | ▼ 22.8% |
| Suppliers440/4 | - | €295k | €214k | €257k | €198k | ▼ 22.8% |
| Taxes, remuneration and social security45 | - | €108k | €114k | €43k | €53k | ▲ 23.7% |
| Taxes450/3 | - | €108k | €114k | €43k | €53k | ▲ 23.7% |
| Other amounts payable47/48 | - | €120k | €112k | €117k | €44k | ▼ 62.0% |
| Accrued charges and deferred income492/3 | - | €21k | €24k | €30k | €36k | ▲ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128k | €120k | €312k | €154k | €150k | ▼ 2.3% |
| + Depreciation and write-downs630 | €39k | €33k | €29k | €45k | €40k | ▼ 9.9% |
| Operating cash flow (approximation) | €167k | €153k | €340k | €198k | €190k | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | €-33k | €-105k | €-63k | €-14k | ▲ 77.4% |
| Change in cash | - | €145k | €-84k | €-76k | €-76k | ▲ 0.1% |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 59 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €312k ▲159%
Operating result €416k, net result €312k, both a record.
31-12
Financial
Equity above €1MEq €1.17M ▲36.1%
5 profitable years in a row build equity to €1.17M.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 17 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 3 establishment units since 2007
Ground area
1.6 ha
3 parcels, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
Equivet
since 20072.198.113.634
Equivet Tessenderlo
since 20242.356.697.251
Equivet Z
since 20242.356.697.152
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73322A0225/00D000 | Flanders | 1.3 ha | - | - |
| 71054B0255/00H000 | Flanders | 1,907 m² | - | - |
| 13042B0253/00G000 | Flanders | 1,137 m² | - | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesLaakdal2.356.697.251
Hasselt2.198.113.634
Lanaken2.356.697.152
Dual-learning approval
3 live approvalsHippisch assistent duaal (so)
Paardenhouder duaal (so)
Paardenhouderij duaal (so)
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Of 6,091 companies in sector 75000 we hold annual accounts for 1,951. 801 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 (pre-2019)
Founded12-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
Contact
E-mail
mijten@gmail.comLaakdal
Scores and ratios are computed by Checked and are not a credit decision.