Equity
€42.9m ▼ 10.2%
The Veneer paid out €5.0m in dividends. That is 971% of the 2025 profit.
The Veneer
Lifetime
9 annual accounts with figures on one time axispeak €2.5m (2020)
€1.7m▲ 3.0%
lowest -€851,061 (2022)
€515,085▼ 89.8%
peak €47.8m (2024)
€42.9m▼ 10.2%
€6.1m▼ 68.2%
peak 3.8 FTE (2020)
0.9 FTE▼ 52.6%
Board17 names since 2018all names
4 directorsBV LURINVEST and 3 others
Owners4 names in the annual accounts
25%Depide and 2 others
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Result from €5.1m to €515,085Staff from 1.9 FTE to 0.9 FTE2 directors appointed, 3 resignations 02-06Dividend €5.0mDebts from €19.2m to €6.1mCash from €954,907 to €183,261
Key points
from the 2025 annual accountsResult
€515,085 ▼ 89.8%
The result fell in 2025 from €5.1m to €515,085.
Staff
1 employees on 31-12-2025
In 2025, nobody joined and 1 person left.
Payment terms
81 days to suppliers
The Veneer pays its suppliers 18 days earlier than in 2024. Customers pay 16 days earlier.
Liquidity
0.88 was 0.41 in 2024
Short-term debts fell from €18.5m to €5.6m.
Group
14 companies controlled
Heads a group.
Financial institution: outside the modelBankruptcy probability: sector outside the modelStandalone figures, without subsidiaries
Group, consolidated 2025: turnover €214.8m, result €8.7m
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal, which does not raise the risk
1 signal.
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 14-07-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 days early
2024
13 days early
2023
20 days early
2022
19 days early
2021
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 18 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BM
BV MAPIDE
Chair, Pieterjan Desmet
BL
BV LURINVEST
Director, Marc Desmet
- Depide 25%equity €9.7m (2025) · 2025 annual accounts of Depide
- Todecom 25%equity €13.3m (2025) · 2025 annual accounts of Todecom
- DEMA Invest 12.5%equity €7.9m (2025) · 2025 annual accounts of DEMA Invest
Shares in 3 companies, including D-ESTATE and D-Services
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0679599519
2 directors appointed, 3 resignations
Resignations: BV CNVision (chair of the board), BV ELEMGA and CommV Cedmat · Permanent representatives: Christophe Degrez, Geert Roelens, Luc Truyens, Marieke Desmet, Silke Desmet, Jan Desmet and 4 others · Appointments: BV DEMA Invest and BV MAPIDE (chair of the board) · General meeting of 17-12-2024 · Gazette deed
1 statutory auditor reappointed
CALLENS VANDELANOTTE (statutory auditor) · Permanent representatives: Filip Remmery and Pieterjan Desmet · General meeting of 03-07-2024 · Gazette deed
1 director resigning
Philin · Permanent representatives: Philippe Harinck, Marc Desmet and Lieven Larmuseau · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| The Veneer Menen | €1.7m | 40.1% | 87.5% | 0.9 |
| LE FUMOIR Zwevegem | €1.5m | 41.8% | 58.5% | 1 |
| PATTYN GROUP Bruges | €2.4m | 20.2% | 39.8% | 0.6 |
| Life.be Antwerp | €1.8m | 34.6% | 36.8% | 1 |
| Vydraulics Moorslede | €3.2m | 6.9% | 72.2% | 1 |
| FLOMIG Kortrijk | €2.0m | 87.6% | 98.9% | 1.6 |
| Hospidex Group Tienen | €1.3m | -7.9% | 49.4% | 1 |
Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as The Veneer: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €34m and €78m, founded between 2011 and 2021.
Official details
Source: KBO- Status
- Active since 24-07-2017Normal situation
- Activity
- Activities of holding companiesNACE 64210
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.271.197.1948930 Menen, since 24-07-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Annual accounts 2025
- €49.0m▼ 26.9%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to The Veneer
Shareholders
- Malexis12.5%
Subsidiaries and holdings
- DECOSPAN HOLDING100%
Insights on The Veneer
The Veneer has existed since 2017. Turnover grew from €1.1m in 2018 to €1.7m in 2025, while staff fell from 1.4 to 0.9 full-time equivalents.
Turnover has grown every year since 2022. Solvency rose in 2025 from 71.3% to 87.5% because of lower debts.
In December 2024, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about The Veneer
- What is the company number of The Veneer?
- The company number of The Veneer is 0679.599.519. The VAT number is the same number with BE in front: BE 0679.599.519.
- Where is The Veneer based?
- The registered office is at Lageweg 33, 8930 Menen.Company details
- What does The Veneer do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of The Veneer?
- The Veneer is a public limited company (NV).
- When was The Veneer founded?
- The Veneer was founded on 24-07-2017.
- Is The Veneer still active?
- Yes, The Veneer is an active enterprise in the KBO register.
- How many employees does The Veneer have?
- The Veneer had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does The Veneer fall under?
- In its 2025 annual accounts, The Veneer states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of The Veneer?
- The turnover of The Veneer was €1.7m in financial year 2025, according to the filed annual accounts.
- Is The Veneer profitable?
- In financial year 2025, The Veneer made a profit of €515,085.
- Where can I find the annual accounts of The Veneer?
- The Veneer filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of The Veneer due?
- The Veneer must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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