V.E.H.
ActiveV.E.H. has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €39k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+14
Solvency33▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.77 in 2024; short-term debt: 72.2% and cash: 10.3% of total assets), and 92.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.9%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 10331 sector peers (2025).
NBB · sector comparisonPosition among 10331 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €79k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
1 d early
2023
31 d late
2022
32 d early
2021
19 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€79k▲ 97.4%
2024 · €40k
2018: €131k
2019: €135k
2020: €142k
2021: €154k
2022: €154k
2023: €36k
2024: €40k
2018 → 2025
Total assets
€996k▼ 4.7%
2024 · €1.05M
2018: €782k
2019: €872k
2020: €1.10M
2021: €1.10M
2022: €1.23M
2023: €1.09M
2024: €1.05M
2018 → 2025
Net result
€39k▲ 770%
2024 · €4k
2018: €25k
2019: €4k
2020: €7k
2021: €17k
2022: €97
2023: €-118k
2024: €4k
2018 → 2025
Working capital
€-28k▲ 83.1%
2024 · €-163k
2018: €54k
2019: €63k
2020: €67k
2021: €87k
2022: €5k
2023: €-129k
2024: €-163k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€154k-€154k▲ 0.1%€36k▼ 76.9%€40k▲ 12.6%€79k▲ 97.4%
Operating result€35k-€15k▼ 58.3%€-91k€29k€66k▲ 129%
Net result€17k-€97▼ 99.4%€-118k€4k€39k▲ 770%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 129% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €996k
Fixed assets
€305k▼ 37.0%
Current assets
€691k▲ 23.1%
Equity and liabilities €996k
Equity
€79k▲ 97.4%
Debt
€917k▼ 8.8%
The debt ratio falls from 96.2% to 92.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▲
2024 · €76k
Cash flow
€89k▲
2024 · €52k
Solvency
7.9%▲
2024 · 3.8%
Current ratio
0.96▲
2024 · 0.77
Quick ratio
0.29▲
2024 · 0.20
Debt / equity
11.58▼
2024 · 25.07
ROE
49.3%▲
2024 · 11.2%
ROA
3.9%▲
2024 · 0.4%
Interest coverage
4.32▲
2024 · 3.19
Debt
€917k▼
2024 · €1.01M
Debt ≤ 1 year
€719k▼
2024 · €725k
Debt > 1 year
€156k▼
2024 · €256k
Income taxes
€425▼
2024 · €650
Staff costs
€190k▼
2024 · €211k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€996k▼
Fixed assets21/28€484k€305k▼
Tangible fixed assets22/27€484k€305k▼
Land and buildings22€367k€219k▼
Plant, machinery and equipment23€26k€15k▼
Furniture and vehicles24€92k€71k▼
Financial fixed assets28€118€118=
Current assets29/58€562k€691k▲
Amounts receivable after more than one year29€660€660=
Other amounts receivable291€660€660=
Stocks and contracts in progress3€415k€484k▲
Stocks30/36€408k€481k▲
Contracts in progress37€7k€4k▼
Amounts receivable within one year40/41€70k€69k▼
Trade receivables40€66k€63k▼
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€52k€102k▲
Deferred charges and accrued income490/1€24k€35k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€996k▼
Equity10/15€40k€79k▲
Contributions10/11€19k€19k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€-48k€-9k▲
Amounts payable17/49€1.01M€917k▼
Amounts payable after more than one year17€256k€156k▼
Financial debts170/4€256k€156k▼
Amounts payable within one year42/48€725k€719k▼
Current portion of amounts payable after more than one year42€46k€37k▼
Financial debts43€300k€275k▼
Credit institutions430/8€300k€275k▼
Trade debts44€151k€109k▼
Suppliers440/4€151k€109k▼
Advances received on contracts in progress46-€71k
Taxes, remuneration and social security45€26k€24k▼
Taxes450/3€3k€8k▲
Remuneration and social security454/9€23k€16k▼
Other amounts payable47/48€202k€203k▲
Accrued charges and deferred income492/3€25k€42k▲
Income statement
Code20242025
Remuneration, social security and pensions62€211k€190k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€50k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-916
Other operating charges640/8€13k€14k▲
Gross operating margin9900€300k€319k▲
Operating profit (loss)9901€29k€66k▲
Financial income75/76B€14€19▲
Recurring financial income75€14€19▲
Financial charges65/66B€24k€27k▲
Recurring financial charges65€24k€27k▲
Profit (loss) for the period before taxes9903€5k€40k▲
Income taxes67/77€650€425▼
Profit (loss) for the period9904€4k€39k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€4k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-9k▲
Profit (loss) brought forward from the previous period14P€-52k€-48k▲
Transfer from equity791/2€0-
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €39k ▲770%
Operating result €66k, net result €39k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-118k ▼122542%
Net result drops to €-118k, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €150kEq €154k ▲8.5%
4 profitable years in a row build equity to €154k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ronse · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwe Pontstraat 29600 RonseGround area
2,531 m²
Building footprint
756 m²
Volume, LiDAR
3,762 m³
Parcel 45422D1029/00M000, Flanders · tallest building 5.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.E.H.
since 19982.086.036.666
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D1029/00M000 | Flanders | 2,531 m² | 1 · 756 m² | 5.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 111 EUR awarded · 111 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 111 EUR | 111 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,235 companies in sector 47781 we hold annual accounts for 744. 510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-1998
Fiscal year end31-12
Activities, NACEBEL
46832Wholesale of timber
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
52630
71401
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.