Equity
€79,196 from €154,098 in 2022
Equity fell by 49% in 3 years.
V.E.H.
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €347,231 (2021)
€318,840▲ 6.2%
lowest -€118,475 (2023)
€39,079▲ 770%
peak €154,098 (2022)
€79,196▲ 97.4%
€917,116▼ 8.8%
peak 7.5 FTE (2020)
-not published
Board4 names since 2007
2 directorsVermeiren Simon and 1 other
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Result from €4,494 to €39,079Resignations: Benjamin Vermeiren (director) and Rebecca Verme… 03-07Equity from €40,117 to €79,196Cash from €52,272 to €102,421
Key points
from the 2025 annual accountsTurnover
≈ €1.1m estimated
The abbreviated format states no turnover.
Debts
€917,116 92% of the balance sheet
Financial debts 47%Suppliers 12%Taxes and wages 3%Other 38%
€160,404 of the debts are secured on the company's own assets. In 2024 that was €261,399.
Staff
3.8 FTE from 7.5 in 2020
Between 2020 and 2025, 49% of the full-time equivalents disappeared.
Filings
27 annual accounts since 1999
The 2023 accounts came 31 days late. The other nine of the last ten were filed on time.
Position in the sector
7.9%
Lower solvency than 81% of companies in retail trade. Sector median 36.6% · 12,862 companies.
Checked score
85
Excellent
Financially stronger than 45% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.6%▲ +0.1 percentage points vs 04-2025
06-2025: 1.5%▼ -0.1 percentage points vs 05-2025
07-2025: 1.7%▲ +0.2 percentage points vs 06-2025
08-2025: 2.1%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.4%▼ -1.7 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €79,196 (7.9% of total assets)
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €996,312
Founded in 1998
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 25% of them on solvency, 22% on liquidity, 42% on profitability and 92% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as V.E.H. has now. Each dot stands for 3 companies, two years later.
96.9%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of V.E.H. itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for V.E.H.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.96 (0.77 in 2024), below 1. Short-term debt is 72.2% and cash 10.3% of total assets. 92.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 12862 sector peers (2025).
NBB · sector comparisonPosition among 12862 sector peers
Solvency
better than 19%
← 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
19202122232425
2019 to 2025 · latest year €79,196
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 days early
2024
1 day early
2023
31 days late
2022
32 days early
2021
19 days early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 30 July (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462924481
Resignations: Benjamin Vermeiren (director) and Rebecca Vermeiren (director)
Director discharge: Benjamin Vermeiren · Director discharge: Rebecca Vermeiren · General meeting of 04-06-2025 · Gazette deed
Changes of role: Vermeiren Joachim, Vermeiren Simon, Vermeiren Benjamin and Vermeiren Rebecca
“Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van…” (deed in Dutch) · Capital conversion: €20,451.21 · Director discharge: Vermeiren Joachim · General meeting of 27-12-2022 · Gazette deed
First establishment
Nieuwe Pontstraat 2, Ronse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| V.E.H. Ronse | €1.0m | €318,840 | 7.9% | - |
| DRANKENHANDEL ROOSEN Herk-de-Stad | €1.1m | €306,716 | 81.9% | 3.6 |
| HEMELINCKX Pajottegem | €1.1m | €355,552 | 51.9% | - |
| YVES FRANCOIS Waremme | €0.8m | €293,835 | 17.0% | - |
| DE GRABBELTON Herentals | €1.1m | €251,324 | 75.8% | 2.3 |
| DRANKENCENTRALE DE WIJNKELDER Kluisbergen | €1.0m | €202,080 | 34.1% | 3.9 |
| DE BACKER PAUL Berlare | €1.2m | €294,834 | 9.1% | 1.6 |
These companies have the same main activity as V.E.H.: retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781). They are comparable in size and age: total assets between €813,000 and €1.2m, founded between 1990 and 1999.
Official details
Source: KBO- Status
- Active since 20-03-1998Normal situation
- Activity
- Retail sale of solid, liquid and gaseous fuels, excluding motor fuelsNACE 47781and 2 others
- Joint committee
- 125.03Timber trade · annual accounts 2025
- Establishment unit
- 2.086.036.6669600 Ronse, since 24-03-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Annual accounts 2025
- €996,312▼ 4.7%
- Employeeson 31-12-2025
- 4▼ 20.0%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on V.E.H.
V.E.H. files the abbreviated format. That format states no turnover. The gross margin rose from €105,303 in 2006 to €318,840 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
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 V.E.H.
- What is the company number of V.E.H.?
- The company number of V.E.H. is 0462.924.481. The VAT number is the same number with BE in front: BE 0462.924.481.
- Where is V.E.H. based?
- The registered office is at Nieuwe Pontstraat 2, 9600 Ronse.Company details
- What does V.E.H. do?
- According to the KBO register, the main activity is retail sale of solid, liquid and gaseous fuels, excluding motor fuels (NACE 47781).
- What is the legal form of V.E.H.?
- V.E.H. is a private limited company (BV).
- When was V.E.H. founded?
- V.E.H. was founded on 20-03-1998.
- Is V.E.H. still active?
- Yes, V.E.H. is an active enterprise in the KBO register.
- How many employees does V.E.H. have?
- V.E.H. had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does V.E.H. fall under?
- In its 2025 annual accounts, V.E.H. states joint committee 125.03 (Timber trade).
- What is the turnover of V.E.H.?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €318,840 and 47 comparable companies (NACE 477). It probably lies between €870,000 and €1.8m.
- Is V.E.H. profitable?
- In financial year 2025, V.E.H. made a profit of €39,079.
- Where can I find the annual accounts of V.E.H.?
- V.E.H. filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of V.E.H. due?
- V.E.H. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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