VE - CO
ActiveSummary
VE - CO has been active since 2000 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €78,790 and a net result of €257. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 47 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+31
Solvency77=
Growth38=
Track record92
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.01 in 2024; short-term debt: 47.9% and cash: 11.5% of total assets), and 47.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 84
Relative position
BE, all sectors
reference
Public administration and defence; compulsory social security (NACE 84)
about 85% 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
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
52.1%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
27 d late
2023
319 d late
2022
685 d late
2021
1050 d late
2020
1415 d late
2019
250 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 537 days after the deadline; the sector median for financial year 2024 is 30 days before the deadline, and 18% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€22,156▼ 41.6%
2022 · €37,967
EBIT margin
-105.0%▼ 116.9pp
2022 · 11.9%
Net result
€257
2024 · -€16,620
Working capital
€76,178▲ 3.4%
2024 · €73,682
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 84, Public administration and defence; compulsory social security, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€38,695▼ 45.6%€37,967▼ 1.9%€22,156▼ 41.6%
Operating result-€24,223€4,519-€23,261-€15,864▲ 31.8%€2,550
Net result-€24,955below the sector's middle half€3,269within the sector's middle half-€24,160below the sector's middle half-€16,620below the sector's middle half▲ 31.2%€257below the sector's middle half
EBIT margin-62.6%▼ 73.1pp11.9%▲ 74.5pp-105.0%▼ 116.9pp
Equity€102,544within the sector's middle half▼ 19.6%€105,813within the sector's middle half▲ 3.2%€95,153within the sector's middle half▼ 10.1%€78,533within the sector's middle half▼ 17.5%€78,790within the sector's middle half▲ 0.3%
Total assets€176,341within the sector's middle half▼ 9.1%€184,769within the sector's middle half▲ 4.8%€165,626within the sector's middle half▼ 10.4%€151,667within the sector's middle half▼ 8.4%€151,323within the sector's middle half▼ 0.2%
Debt€73,797▲ 11.0%€78,956▲ 7.0%€70,473▼ 10.7%€73,134▲ 3.8%€72,533▼ 0.8%
Working capital€99,970▼ 21.0%€96,484▼ 3.5%€88,063▼ 8.7%€73,682▼ 16.3%€76,178▲ 3.4%
Solvency58.2%within the sector's middle half▼ 7.6pp57.3%within the sector's middle half▼ 0.9pp57.5%within the sector's middle half▲ 0.2pp51.8%within the sector's middle half▼ 5.7pp52.1%within the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 84, Public administration and defence; compulsory social security, each year against the same schema; no band under 30 filings.
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: €2,550 after a loss of €15,864 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151,323
Fixed assets
€2,612 ▼ 46.2%
Current assets
€148,711 ▲ 1.3%
Equity and liabilities €151,323
Equity
€78,790 ▲ 0.3%
Debt
€72,533 ▼ 0.8%
Debt's share of the balance-sheet total falls from 48.2% to 47.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,789▲
2024 · -€13,625
Cash flow
€2,497▲
2024 · -€14,381
Current ratio
2.05▲
2024 · 2.01
Debt to equity
0.92▼
2024 · 0.93
ROE
0.3%▲
2024 · -21.2%
ROA
0.2%▲
2024 · -11.0%
Interest coverage
2.09▲
2024 · -18.02
Debt ≤ 1 year
€72,533▼
2024 · €73,134
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €38,695 | €37,967 | €22,156 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €61,685 | €28,475 | €41,803 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €527 | €2,239 | €2,239 | €2,239 | €2,239 | = |
| Other operating charges640/8 | €706 | €2,734 | €1,375 | €1,347 | €1,902 | ▲ 41.3% |
| Gross operating margin9900 | -€22,990 | €9,492 | -€19,647 | -€12,278 | €6,691 | ▲ 154% |
| Operating profit (loss)9901 | -€24,223 | €4,519 | -€23,261 | -€15,864 | €2,550 | ▲ 116% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €733 | €1,250 | €899 | €756 | €2,292 | ▲ 203% |
| Recurring financial charges65 | €733 | €1,250 | €899 | €756 | €2,292 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | -€24,955 | €3,269 | -€24,160 | -€16,620 | €257 | ▲ 102% |
| Profit (loss) for the period9904 | -€24,955 | €3,269 | -€24,160 | -€16,620 | €257 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | -€24,955 | €3,269 | -€24,160 | -€16,620 | €257 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,341 | €184,769 | €165,626 | €151,667 | €151,323 | ▼ 0.2% |
| Fixed assets21/28 | €11,568 | €9,329 | €7,090 | €4,851 | €2,612 | ▼ 46.2% |
| Tangible fixed assets22/27 | €11,568 | €9,329 | €7,090 | €4,851 | €2,612 | ▼ 46.2% |
| Land and buildings22 | - | - | - | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | €11,568 | €9,329 | €7,090 | €4,851 | €2,612 | ▼ 46.2% |
| Current assets29/58 | €164,773 | €175,440 | €158,536 | €146,816 | €148,711 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €142,099 | €156,986 | €132,056 | €136,079 | €130,574 | ▼ 4.0% |
| Trade receivables40 | €138,383 | €149,986 | €132,056 | €136,079 | €130,574 | ▼ 4.0% |
| Other amounts receivable41 | €3,715 | €7,000 | - | €0 | €0 | - |
| Current investments50/53 | €5,901 | €5,901 | €5,901 | €5,901 | €323 | ▼ 94.5% |
| Cash at bank and in hand54/58 | €16,010 | €12,553 | €19,628 | €3,184 | €17,351 | ▲ 445% |
| Deferred charges and accrued income490/1 | €763 | - | €950 | €1,652 | €463 | ▼ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,341 | €184,769 | €165,626 | €151,667 | €151,323 | ▼ 0.2% |
| Equity10/15 | €102,544 | €105,813 | €95,153 | €78,533 | €78,790 | ▲ 0.3% |
| Contributions10/11 | €6,500 | €6,500 | €22,000 | €22,000 | €22,000 | = |
| Reserves13 | €227,733 | €227,733 | €225,733 | €225,733 | €225,733 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Tax-exempt reserves132 | €30,733 | €30,733 | €30,733 | €30,733 | €30,733 | = |
| Distributable reserves133 | €195,000 | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Profit (loss) carried forward14 | -€131,688 | -€128,419 | -€152,580 | -€169,200 | -€168,943 | ▲ 0.2% |
| Amounts payable17/49 | €73,797 | €78,956 | €70,473 | €73,134 | €72,533 | ▼ 0.8% |
| Amounts payable after more than one year17 | €8,994 | - | - | - | - | - |
| Financial debts170/4 | €8,994 | - | - | - | - | - |
| Amounts payable within one year42/48 | €64,803 | €78,956 | €70,473 | €73,134 | €72,533 | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €2,288 | - | - | - | - |
| Trade debts44 | €397 | €14,392 | €7,306 | €8,470 | €26,829 | ▲ 217% |
| Suppliers440/4 | €397 | €14,392 | €7,306 | €8,470 | €26,829 | ▲ 217% |
| Advances received on contracts in progress46 | €28,146 | €28,146 | €28,146 | €28,146 | €28,146 | = |
| Taxes, remuneration and social security45 | €18,170 | €14,426 | €1,977 | - | €2,276 | - |
| Taxes450/3 | €14,911 | €11,167 | €1,977 | - | €2,276 | - |
| Remuneration and social security454/9 | €3,259 | €3,259 | - | - | - | - |
| Other amounts payable47/48 | €18,090 | €19,703 | €33,044 | €36,518 | €15,282 | ▼ 58.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,955 | €3,269 | -€24,160 | -€16,620 | €257 | ▲ 102% |
| + Depreciation and write-downs630 | €527 | €2,239 | €2,239 | €2,239 | €2,239 | = |
| Operating cash flow (approximation) | -€24,429 | €5,508 | -€21,921 | -€14,381 | €2,497 | ▲ 117% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,457 | €7,076 | -€16,444 | €14,167 | ▲ 186% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Back to profitnet €257
Net result €257 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
27-06
KBO administration
Strikeout withdrawn
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 319 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 685 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1050 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1415 days late
2022
31-12
Financial
Back to profitnet €3,269
Net result €3,269 after one loss-making year.
2021
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 250 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 616 days late
2020
31-12
Financial
Back to profitnet €4,998
Net result €4,998 after 2 loss-making years.
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 225 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-Truiden · 1 establishment unit since 2000
Ground area
3,728 m²
Building footprint
186 m²
Volume, LiDAR
1,062 m³
Parcel 71352C0395/00G000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VE - CO BVBA
since 20002.115.977.301
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0395/00G000 | Flanders | 3,728 m² | 1 · 186 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 40 companies in sector 84249 we hold annual accounts for 16. 12 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
Founded15-09-2000
Fiscal year end31-12
Activities, NACEBEL 2025
84249Public administration and defence; compulsory social security
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472777010
Also
9925:BE0472777010
Registered
16-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.