VEBAR
ActiveSummary
VEBAR has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.0m and a net result of €2,111. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+49
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €380,000 at 30 days acceptable
Liquidity ample (current ratio 11.36 against 10.37 in 2024; short-term debt: 1.6% and cash: 3.3% of total assets), and 1.6% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
98.4%
Return on assets
0%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
2 d late
2021
15 d late
2020
30 d late
2019
41 d early
← 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 1 day after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 company by total assets in Koksijde, Construction sector#1 company by equity in Koksijde, Construction sector#1 oldest company in Koksijde, Construction sector
Equity
€5.0m=
2024 · €5.0m
Total assets
€5.1m▼ 0.2%
2024 · €5.1m
Net result
€2,111▼ 96.8%
2024 · €65,760
Working capital
€867,693▲ 0.3%
2024 · €865,459
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Operating result€64,481▲ 124%-€97,562€14,078-€46,595€2,215
Net result€40,283above the sector's middle half▼ 92.9%-€101,719below the sector's middle half€11,793within the sector's middle half€65,760above the sector's middle half▲ 458%€2,111within the sector's middle half▼ 96.8%
Equity€5.1mabove the sector's middle half▲ 0.8%€5.0mabove the sector's middle half▼ 2.0%€5.0mabove the sector's middle half▲ 0.2%€5.0mabove the sector's middle half▲ 1.3%€5.0mabove the sector's middle half=
Total assets€5.6mabove the sector's middle half▲ 1.1%€5.4mabove the sector's middle half▼ 3.9%€5.4mabove the sector's middle half▼ 0.7%€5.1mabove the sector's middle half▼ 4.9%€5.1mabove the sector's middle half▼ 0.2%
Debt€582,292▲ 4.4%€466,825▼ 19.8%€419,380▼ 10.2%€92,412▼ 78.0%€83,726▼ 9.4%
Working capital€255,769above the sector's middle half▼ 53.6%€163,325above the sector's middle half▼ 36.1%€277,761above the sector's middle half▲ 70.1%€865,459above the sector's middle half▲ 212%€867,693above the sector's middle half▲ 0.3%
Solvency89.7%above the sector's middle half▼ 0.3pp91.4%above the sector's middle half▲ 1.7pp92.2%above the sector's middle half▲ 0.8pp98.2%above the sector's middle half▲ 6.0pp98.4%above the sector's middle half▲ 0.2pp
Current ratio1.44within the sector's middle half▼ 0.551.35within the sector's middle half▼ 0.091.66within the sector's middle half▲ 0.3110.37above the sector's middle half▲ 8.7011.36above the sector's middle half▲ 1.00
Return on assets (ROA)0.7%below the sector's middle half▼ 9.5pp-1.9%below the sector's middle half▼ 2.6pp0.2%below the sector's middle half▲ 2.1pp1.3%within the sector's middle half▲ 1.1pp0.0%below the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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: €2,215 after a loss of €46,595 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.2m =
Current assets
€951,419 ▼ 0.7%
Equity and liabilities €5.1m
Equity
€5.0m =
Debt
€83,726 ▼ 9.4%
Debt's share of the balance-sheet total falls from 1.8% to 1.6%. Debt is lower.
Key figures and ratios
EBITDA
€4,004▲
2024 · -€44,446
Cash flow
€3,900▼
2024 · €67,908
Debt to equity
0.02▼
2024 · 0.02
ROE
0.0%▼
2024 · 1.3%
Interest coverage
54.88▲
2024 · -25.19
Debt ≤ 1 year
€83,726▼
2024 · €92,412
Income taxes
€433▼
2024 · €6,890
Staff costs
€1,840▼
2024 · €3,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,870 | €3,682 | €3,236 | €1,840 | ▼ 43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,605 | €7,775 | €8,561 | €2,149 | €1,789 | ▼ 16.8% |
| Other operating charges640/8 | - | €38,959 | €6,243 | €41,639 | €684 | ▼ 98.4% |
| Gross operating margin9900 | €81,011 | -€46,958 | €32,564 | €428 | €6,528 | ▲ 1,425% |
| Operating profit (loss)9901 | €64,481 | -€97,562 | €14,078 | -€46,595 | €2,215 | ▲ 105% |
| Financial income75/76B | - | €0 | €0 | €121,009 | €402 | ▼ 99.7% |
| Recurring financial income75 | €0 | €0 | €0 | €121,009 | €402 | ▼ 99.7% |
| Financial charges65/66B | - | €3,763 | €780 | €1,765 | €73 | ▼ 95.9% |
| Recurring financial charges65 | €899 | €3,763 | €780 | €1,765 | €73 | ▼ 95.9% |
| Profit (loss) for the period before taxes9903 | €63,582 | -€101,325 | €13,298 | €72,650 | €2,544 | ▼ 96.5% |
| Income taxes67/77 | €23,299 | €394 | €1,506 | €6,890 | €433 | ▼ 93.7% |
| Profit (loss) for the period9904 | €40,283 | -€101,719 | €11,793 | €65,760 | €2,111 | ▼ 96.8% |
| Profit (loss) for the period to be appropriated9905 | €41,209 | -€101,719 | €11,793 | €65,760 | €2,111 | ▼ 96.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.6m | €5.4m | €5.4m | €5.1m | €5.1m | ▼ 0.2% |
| Fixed assets21/28 | €4.8m | €4.8m | €4.7m | €4.2m | €4.2m | = |
| Tangible fixed assets22/27 | €17,787 | €10,012 | €5,769 | €5,081 | €3,292 | ▼ 35.2% |
| Plant, machinery and equipment23 | - | €588 | €3,972 | €2,960 | €1,948 | ▼ 34.2% |
| Furniture and vehicles24 | - | €9,424 | €1,797 | €2,121 | €1,344 | ▼ 36.6% |
| Financial fixed assets28 | €4.8m | €4.8m | €4.7m | €4.2m | €4.2m | = |
| Current assets29/58 | €838,061 | €630,150 | €697,141 | €957,871 | €951,419 | ▼ 0.7% |
| Amounts receivable within one year40/41 | €566,306 | €332,818 | €48,598 | €602,129 | €532,513 | ▼ 11.6% |
| Trade receivables40 | - | €39,100 | €48,598 | €602,097 | €532,513 | ▼ 11.6% |
| Other amounts receivable41 | - | €293,718 | - | €32 | - | - |
| Current investments50/53 | €5,713 | - | - | €301,245 | €251,245 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €265,579 | €297,332 | €648,543 | €54,498 | €167,661 | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.6m | €5.4m | €5.4m | €5.1m | €5.1m | ▼ 0.2% |
| Equity10/15 | €5.1m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Contributions10/11 | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €668,326 | €668,326 | €680,119 | €745,878 | €745,878 | = |
| Non-distributable reserves130/1 | - | €57,536 | €57,536 | - | - | - |
| Reserves not available under the articles1311 | - | €57,536 | €57,536 | - | - | - |
| Distributable reserves133 | - | €610,790 | €622,582 | €745,878 | €745,878 | = |
| Profit (loss) carried forward14 | €1.4m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Amounts payable17/49 | €582,292 | €466,825 | €419,380 | €92,412 | €83,726 | ▼ 9.4% |
| Amounts payable within one year42/48 | €582,292 | €466,825 | €419,380 | €92,412 | €83,726 | ▼ 9.4% |
| Trade debts44 | €91,822 | €606 | €3,304 | €1,363 | €1,000 | ▼ 26.6% |
| Suppliers440/4 | - | €606 | €3,304 | €1,363 | €1,000 | ▼ 26.6% |
| Taxes, remuneration and social security45 | - | €3,928 | €8,197 | €9,904 | €6,755 | ▼ 31.8% |
| Taxes450/3 | - | €3,928 | €8,197 | €9,904 | €6,755 | ▼ 31.8% |
| Other amounts payable47/48 | - | €462,291 | €407,879 | €81,145 | €75,971 | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,283 | -€101,719 | €11,793 | €65,760 | €2,111 | ▼ 96.8% |
| + Depreciation and write-downs630 | €8,605 | €7,775 | €8,561 | €2,149 | €1,789 | ▼ 16.8% |
| Operating cash flow (approximation) | €48,888 | -€93,944 | €20,354 | €67,908 | €3,900 | ▼ 94.3% |
| Investment in fixed assets (approximation) | - | €3,100 | €95,682 | €521,390 | €0 | ▼ 100% |
| Change in cash | - | €31,753 | €351,212 | -€594,046 | €113,164 | ▲ 119% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity times 6current ratio 10.37
Current ratio from 1.66 to 10.37; short-term debt falls from €419,380 to €92,412.
31-03
Financial
Equity above €5mEq €5.0m ▲1.3%
2 profitable years in a row build equity to €5.0m.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €11,793
Net result €11,793 after one loss-making year.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Weakest financial yearnet -€101,719
Net result drops to -€101,719, the lowest in the series; recovery starts the following year.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €569,580 ▲192%
Net result €569,580, the highest in the series.
31-03
Financial
Liquidity doublescurrent ratio 1.99
Current ratio from 0.96 to 1.99; short-term debt falls from €844,176 to €557,531.
Show earlier events
31-03
Financial
Equity above €5mEq €5.0m ▲12.8%
2 profitable years in a row build equity to €5.0m.
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Koksijde · 1 establishment unit since 1976
Ground area
1,093 m²
Building footprint
359 m²
Volume, LiDAR
2,205 m³
2 parcels, Flanders · tallest building 20.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mimosalaan(Kor) 6, 8500 Kortrijk
since 19762.107.929.170
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0187/00Y000 | Flanders | 779 m² | 1 · 204 m² | 7.4 m · 1 fl. |
| 38014E0099/00E002 | Flanders | 314 m² | 1 · 155 m² | 20.5 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
99.92%
According to the annual accounts to 31-03-2025 of VEBAR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 971 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
Founded04-06-1976
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
46349Wholesale of beverages, general range
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0416241945
Also
9925:BE0416241945
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.