V.E.T.O. & PARTNERS
ActiveSummary
V.E.T.O. & PARTNERS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €986k and a net result of €74k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 630 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-9
Solvency82▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.79 in 2024; short-term debt: 39.4% and cash: 24.4% of total assets), and 43.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 2025Solvency, return and age of the figures
Solvency
56.8%
Return on assets
4.3%
Age of the figures
9 mo
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
9 d early
2023
29 d early
2022
27 d early
2021
33 d early
2020
60 d early
2019
22 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€986k▲ 8.1%
2024 · €912k
2018: €546k
2019: €624k
2020: €811k
2021: €695k
2022: €724k
2023: €726k
2024: €912k
2018 → 2025
Total assets
€1.73M▲ 6.5%
2024 · €1.63M
2018: €1.23M
2019: €1.24M
2020: €1.44M
2021: €1.45M
2022: €1.51M
2023: €1.58M
2024: €1.63M
2018 → 2025
Net result
€74k▼ 60.2%
2024 · €186k
2018: €100k
2019: €78k
2020: €211k
2021: €125k
2022: €29k
2023: €2k
2024: €186k
2018 → 2025
Working capital
€501k▲ 5.7%
2024 · €474k
2018: €113k
2019: €159k
2020: €348k
2021: €305k
2022: €333k
2023: €298k
2024: €474k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€695k-€724k▲ 4.1%€726k▲ 0.3%€912k▲ 25.6%€986k▲ 8.1%
Operating result€207k-€73k▼ 64.7%€38k▼ 48.3%€310k▲ 723%€150k▼ 51.7%
Net result€125k-€29k▼ 77.0%€2k▼ 92.6%€186k▲ 8,632%€74k▼ 60.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€550k ▼ 1.5%
Current assets
€1.18M ▲ 10.7%
Equity and liabilities €1.73M
Equity
€986k ▲ 8.1%
Debt
€749k ▲ 4.5%
Debt's share of the balance-sheet total falls from 44.0% to 43.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€286k▼
2024 · €431k
Cash flow
€211k▼
2024 · €307k
Current ratio
1.73▼
2024 · 1.79
Debt to equity
0.76▼
2024 · 0.79
ROE
7.5%▼
2024 · 20.4%
ROA
4.3%▼
2024 · 11.4%
Interest coverage
16.47▼
2024 · 49.25
Debt ≤ 1 year
€684k▲
2024 · €596k
Debt > 1 year
€60k▼
2024 · €114k
Income taxes
€61k▼
2024 · €115k
Staff costs
€1.40M▲
2024 · €1.07M
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.63M€1.73M▲
Fixed assets21/28€558k€550k▼
Intangible fixed assets21€11k€73k▲
Tangible fixed assets22/27€363k€281k▼
Plant, machinery and equipment23€19k€12k▼
Furniture and vehicles24€145k€118k▼
Leasing and similar rights25€74k€32k▼
Other tangible fixed assets26€125k€120k▼
Financial fixed assets28€185k€196k▲
Current assets29/58€1.07M€1.18M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€770k€742k▼
Trade receivables40€748k€653k▼
Other amounts receivable41€22k€89k▲
Cash at bank and in hand54/58€284k€423k▲
Deferred charges and accrued income490/1€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.63M€1.73M▲
Equity10/15€912k€986k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€850k€924k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€844k€918k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€716k€749k▲
Amounts payable after more than one year17€114k€60k▼
Financial debts170/4€114k€60k▼
Amounts payable within one year42/48€596k€684k▲
Current portion of amounts payable after more than one year42€77k€55k▼
Trade debts44€333k€379k▲
Suppliers440/4€333k€379k▲
Taxes, remuneration and social security45€186k€248k▲
Taxes450/3€12k€18k▲
Remuneration and social security454/9€174k€229k▲
Other amounts payable47/48-€3k
Accrued charges and deferred income492/3€6k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€0€9k▲
Remuneration, social security and pensions62€1.07M€1.40M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€137k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-325▼
Other operating charges640/8€19k€18k▼
Non-recurring operating charges66A€11k€0▼
Gross operating margin9900€1.53M€1.71M▲
Operating profit (loss)9901€310k€150k▼
Financial income75/76B€321€3k▲
Recurring financial income75€321€3k▲
Financial charges65/66B€9k€17k▲
Recurring financial charges65€9k€17k▲
Profit (loss) for the period before taxes9903€301k€135k▼
Income taxes67/77€115k€61k▼
Profit (loss) for the period9904€186k€74k▼
Profit (loss) for the period to be appropriated9905€186k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€188k€74k▼
Profit (loss) brought forward from the previous period14P€2k€0▼
Transfer to equity691/2€188k€74k▼
To other reserves6921€188k€74k▼
Social balance
Average headcount (FTE)908714.217.4▲
The notes to these accounts (24 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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼92.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €211k ▲169%
Net result €211k, the highest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
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
11 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, Oosterzele · 1 establishment unit since 2002
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.
Houtemstraat 259860 OosterzeleGround area
1,185 m²
Building footprint
391 m²
Volume, LiDAR
2,639 m³
Parcel 44052A0769/00F000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Houtemstraat 25, 9860 Oosterzele
since 20022.114.485.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052A0769/00F000 | Flanders | 1,185 m² | 1 · 391 m² | 12.2 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
2022 to 2025 · 6 entries · 9,254 EUR awarded · 7,910 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 5,123 EUR | 4,067 EUR |
| 2024 | 1 | 1,235 EUR | 947 EUR |
| 2023 | 1 | 396 EUR | 1,065 EUR |
| 2022 | 1 | 2,500 EUR | 1,831 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Corona-compensatiepremie (stopgezet)
Recognitions · licences · registrations
Legal Entity Identifier
967600FZS597ALIWG614
Similar companies · same sector, comparable size
FULLMARK
BE 0431.207.758
Nivelles · Eq €986k
ENVIRONMENTAL WORKS
BE 0535.771.778
Heusden-Zolder · Eq €991k
LEGAL BROKERS
BE 0890.647.664
Brecht · Eq €980k
SALTA ENERGY
BE 0730.664.079
Profondeville · Eq €992k
DUCK
BE 0424.870.886
Ukkel · Eq €996k
Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 895 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.