V.E.T.O.
ActiveSummary
V.E.T.O. has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €477k and a net result of €-112. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 61% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+14
Solvency83▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.01 against 3.31 in 2024; short-term debt: 24.9% and cash: 46.9% of total assets), and 42% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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
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 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 d early
2024
34 d early
2023
29 d early
2022
27 d early
2021
33 d early
2020
60 d early
2019
59 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€477k=
2024 · €477k
2018: €254klowest in 8 years
2019: €325k▲ +28.1% vs 2018
2020: €567k▲ +74.4% vs 2019highest in 8 years
2021: €517k▼ -8.8% vs 2020
2022: €512k▼ -0.9% vs 2021
2023: €506k▼ -1.2% vs 2022
2024: €477k▼ -5.7% vs 2023
2025: €477k● -0.0% vs 2024
2018 → 2025
Total assets
€822k▼ 2.8%
2024 · €846k
2018: €647klowest in 8 years
2019: €664k▲ +2.7% vs 2018
2020: €908k▲ +36.7% vs 2019highest in 8 years
2021: €766k▼ -15.6% vs 2020
2022: €801k▲ +4.6% vs 2021
2023: €791k▼ -1.3% vs 2022
2024: €846k▲ +7.0% vs 2023
2025: €822k▼ -2.8% vs 2024
2018 → 2025
Net result
€-112▲ 99.3%
2024 · €-17k
2018: €13k
2019: €71k▲ +458% vs 2018
2020: €267k▲ +275% vs 2019highest in 8 years
2021: €75k▼ -71.9% vs 2020
2022: €24k▼ -67.7% vs 2021
2023: €33k▲ +36.1% vs 2022
2024: €-17k▼ -150% vs 2023lowest in 8 years
2025: €-112▲ +99.3% vs 2024
2018 → 2025
Working capital
€411k▼ 3.3%
2024 · €425k
2018: €2klowest in 8 years
2019: €85k▲ +3373% vs 2018
2020: €452k▲ +435% vs 2019
2021: €521k▲ +15.1% vs 2020highest in 8 years
2022: €510k▼ -2.1% vs 2021
2023: €493k▼ -3.4% vs 2022
2024: €425k▼ -13.7% vs 2023
2025: €411k▼ -3.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€517k-€512k▼ 0.9%€506k▼ 1.2%€477k▼ 5.7%€477k=
2021: €517khighest in 5 years
2022: €512k▼ -0.9% vs 2021
2023: €506k▼ -1.2% vs 2022
2024: €477k▼ -5.7% vs 2023
2025: €477k● -0.0% vs 2024lowest in 5 years
Operating result€104k-€35k▼ 66.6%€44k▲ 25.6%€-12k€13k
2021: €104khighest in 5 years
2022: €35k▼ -66.6% vs 2021
2023: €44k▲ +25.6% vs 2022
2024: €-12k▼ -128% vs 2023lowest in 5 years
2025: €13k▲ +210% vs 2024
Net result€75k-€24k▼ 67.7%€33k▲ 36.1%€-17k€-112▲ 99.3%
2021: €75khighest in 5 years
2022: €24k▼ -67.7% vs 2021
2023: €33k▲ +36.1% vs 2022
2024: €-17k▼ -150% vs 2023lowest in 5 years
2025: €-112▲ +99.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €822k
Fixed assets
€206k ▼ 12.8%
Current assets
€615k ▲ 1.1%
Equity and liabilities €822k
Equity
€477k =
Debt
€345k ▼ 6.4%
Debt's share of the balance-sheet total falls from 43.6% to 42.0%. Debt is lower.
Key figures and ratios
EBITDA
€69k▲
2024 · €39k
Cash flow
€56k▲
2024 · €34k
Current ratio
3.01▼
2024 · 3.31
Debt to equity
0.72▼
2024 · 0.77
ROE
0.0%▲
2024 · -3.5%
ROA
0.0%▲
2024 · -2.0%
Interest coverage
7.32▲
2024 · 4.63
Debt ≤ 1 year
€204k▲
2024 · €184k
Debt > 1 year
€137k▼
2024 · €182k
Income taxes
€7k▲
2024 · €1k
Staff costs
€266k▼
2024 · €270k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€846k€822k▼
Fixed assets21/28€237k€206k▼
Intangible fixed assets21€4k€1k▼
Tangible fixed assets22/27€224k€196k▼
Plant, machinery and equipment23€10k€30k▲
Furniture and vehicles24€9k€9k▼
Leasing and similar rights25€137k€101k▼
Other tangible fixed assets26€67k€57k▼
Financial fixed assets28€9k€9k=
Current assets29/58€609k€615k▲
Amounts receivable after more than one year29€69k€29k▼
Other amounts receivable291€69k€29k▼
Amounts receivable within one year40/41€206k€189k▼
Trade receivables40€142k€103k▼
Other amounts receivable41€63k€86k▲
Cash at bank and in hand54/58€328k€385k▲
Deferred charges and accrued income490/1€6k€12k▲
Equity and liabilities
Total equity and liabilities10/49€846k€822k▼
Equity10/15€477k€477k=
Contributions10/11€14k€14k=
Reserves13€463k€463k=
Distributable reserves133€463k€463k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€369k€345k▼
Amounts payable after more than one year17€182k€137k▼
Financial debts170/4€182k€137k▼
Amounts payable within one year42/48€184k€204k▲
Current portion of amounts payable after more than one year42€53k€58k▲
Trade debts44€74k€94k▲
Suppliers440/4€74k€94k▲
Taxes, remuneration and social security45€57k€49k▼
Taxes450/3€12k€246▼
Remuneration and social security454/9€45k€49k▲
Other amounts payable47/48€0€3k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€270k€266k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€56k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€317k€344k▲
Operating profit (loss)9901€-12k€13k▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€-15k€6k▲
Income taxes67/77€1k€7k▲
Profit (loss) for the period9904€-17k€-112▲
Profit (loss) for the period to be appropriated9905€-17k€-112▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-112▲
Profit (loss) brought forward from the previous period14P€999€0▼
Transfer from equity791/2€28k€112▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€13k€0▼
Return on contributions (dividend)694€13k€0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €250k | €199k | €229k | €270k | €266k | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €28k | €23k | €51k | €56k | ▲ 11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-726 | €0 | - | - | - | - |
| Other operating charges640/8 | €8k | €5k | €6k | €9k | €9k | ▲ 5.5% |
| Gross operating margin9900 | €380k | €266k | €301k | €317k | €344k | ▲ 8.5% |
| Operating profit (loss)9901 | €104k | €35k | €44k | €-12k | €13k | ▲ 210% |
| Financial income75/76B | €15k | €6k | €11k | €5k | €3k | ▼ 44.4% |
| Recurring financial income75 | €15k | €6k | €11k | €5k | €3k | ▼ 44.4% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €3k | €3k | €3k | €8k | €9k | ▲ 14.1% |
| Recurring financial charges65 | €3k | €3k | €3k | €8k | €9k | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €116k | €38k | €51k | €-15k | €6k | ▲ 142% |
| Income taxes67/77 | €41k | €14k | €19k | €1k | €7k | ▲ 475% |
| Profit (loss) for the period9904 | €75k | €24k | €33k | €-17k | €-112 | ▲ 99.3% |
| Profit (loss) for the period to be appropriated9905 | €75k | €24k | €33k | €-17k | €-112 | ▲ 99.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €766k | €801k | €791k | €846k | €822k | ▼ 2.8% |
| Fixed assets21/28 | €131k | €147k | €133k | €237k | €206k | ▼ 12.8% |
| Intangible fixed assets21 | €9k | €9k | €6k | €4k | €1k | ▼ 69.4% |
| Tangible fixed assets22/27 | €114k | €129k | €118k | €224k | €196k | ▼ 12.4% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €2k | €2k | €6k | €10k | €30k | ▲ 184% |
| Furniture and vehicles24 | €13k | €4k | €7k | €9k | €9k | ▼ 6.0% |
| Leasing and similar rights25 | €0 | €35k | €28k | €137k | €101k | ▼ 26.3% |
| Other tangible fixed assets26 | €98k | €88k | €78k | €67k | €57k | ▼ 15.4% |
| Financial fixed assets28 | €9k | €9k | €9k | €9k | €9k | = |
| Current assets29/58 | €634k | €654k | €658k | €609k | €615k | ▲ 1.1% |
| Amounts receivable after more than one year29 | - | €149k | €109k | €69k | €29k | ▼ 57.9% |
| Other amounts receivable291 | - | €149k | €109k | €69k | €29k | ▼ 57.9% |
| Amounts receivable within one year40/41 | €412k | €186k | €265k | €206k | €189k | ▼ 8.0% |
| Trade receivables40 | €73k | €116k | €166k | €142k | €103k | ▼ 27.7% |
| Other amounts receivable41 | €340k | €70k | €99k | €63k | €86k | ▲ 36.3% |
| Cash at bank and in hand54/58 | €216k | €310k | €271k | €328k | €385k | ▲ 17.4% |
| Deferred charges and accrued income490/1 | €6k | €9k | €13k | €6k | €12k | ▲ 94.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €766k | €801k | €791k | €846k | €822k | ▼ 2.8% |
| Equity10/15 | €517k | €512k | €506k | €477k | €477k | = |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves13 | €502k | €497k | €491k | €463k | €463k | = |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Other1319 | €0 | - | - | - | - | - |
| Distributable reserves133 | €502k | €497k | €491k | €463k | €463k | = |
| Profit (loss) carried forward14 | €851 | €237 | €999 | €0 | €0 | - |
| Amounts payable17/49 | €249k | €289k | €284k | €369k | €345k | ▼ 6.4% |
| Amounts payable after more than one year17 | €133k | €143k | €117k | €182k | €137k | ▼ 24.5% |
| Financial debts170/4 | €133k | €143k | €117k | €182k | €137k | ▼ 24.5% |
| Amounts payable within one year42/48 | €114k | €144k | €165k | €184k | €204k | ▲ 11.3% |
| Current portion of amounts payable after more than one year42 | €23k | €26k | €26k | €53k | €58k | ▲ 9.0% |
| Trade debts44 | €39k | €58k | €90k | €74k | €94k | ▲ 27.9% |
| Suppliers440/4 | €39k | €58k | €90k | €74k | €94k | ▲ 27.9% |
| Taxes, remuneration and social security45 | €50k | €58k | €44k | €57k | €49k | ▼ 13.0% |
| Taxes450/3 | €30k | €20k | €14k | €12k | €246 | ▼ 98.0% |
| Remuneration and social security454/9 | €20k | €38k | €30k | €45k | €49k | ▲ 10.1% |
| Other amounts payable47/48 | €2k | €2k | €5k | €0 | €3k | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €3k | €3k | €3k | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75k | €24k | €33k | €-17k | €-112 | ▲ 99.3% |
| + Depreciation and write-downs630 | €19k | €28k | €23k | €51k | €56k | ▲ 11.2% |
| Operating cash flow (approximation) | €94k | €52k | €56k | €34k | €56k | ▲ 64.8% |
| Investment in fixed assets (approximation) | - | €-43k | €-9k | €-154k | €-26k | ▲ 83.2% |
| Change in cash | - | €93k | €-39k | €57k | €57k | ▲ 0.3% |
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
Next filing, fiscal year 2026, expected by
2026
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €267k ▲275%
Net result €267k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.68
Current ratio from 1.55 to 3.68.
31-12
Financial
Equity above €500kEq €567k ▲74.4%
3 profitable years in a row build equity to €567k.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Lievens-Houtem · 2 establishment units since 1998
Ground area
7,953 m²
Building footprint
460 m²
Volume, LiDAR
793 m³
2 parcels, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
V.E.T.O. BV
since 19982.089.026.741
V.E.T.O. BV
since 20162.250.037.437
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41063B0184/00P000 | Flanders | 7,544 m² | 1 · 337 m² | 3.8 m |
| 41063C0168/00K000 | Flanders | 409 m² | 1 · 123 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 to 2024 · 2 entries · 2,769 EUR awarded · 2,769 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,917 EUR | 1,917 EUR |
| 2022 | 1 | 852 EUR | 852 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
MOZO WIEZE
BE 0502.421.495
Lebbeke · Eq €477,964
BLINC
BE 0645.619.726
Gent · Eq €478,061
DYNAMO NEW GENERATION WORK
BE 0465.861.801
Leuven · Eq €474,820
BUILDING BRIDGES 2 CONNECT
BE 0668.454.021
Sint-Laureins · Eq €473,995
IMBOORLING
BE 0465.804.391
Merelbeke-Melle · Eq €480,351
Of 11,670 companies in sector 85599 we hold annual accounts for 1,330. 743 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
Founded08-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
85599Other education
43990Other specialised construction activities
71209Other technical testing and analysis
77320Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.