VECA ART
ActiveVECA ART has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €621. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 6967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-3
Solvency59▲+5
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.84 in 2024), and 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
43.7%
Return on assets
0.2%
Age of the figures
8 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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
14 d early
2023
50 d early
2022
11 d early
2021
51 d early
2020
50 d early
2019
42 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€169k▲ 0.4%
2024 · €169k
2018: €197k
2019: €197k
2020: €227k
2021: €199k
2022: €193k
2023: €167k
2024: €169k
2018 → 2025
Total assets
€388k▼ 15.3%
2024 · €459k
2018: €560k
2019: €515k
2020: €498k
2021: €517k
2022: €529k
2023: €472k
2024: €459k
2018 → 2025
Net result
€621▼ 65.0%
2024 · €2k
2018: €-15k
2019: €109
2020: €30k
2021: €-28k
2022: €-6k
2023: €-26k
2024: €2k
2018 → 2025
Working capital
€-46k▼ 51.5%
2024 · €-30k
2018: €32k
2019: €22k
2020: €101k
2021: €38k
2022: €18k
2023: €-17k
2024: €-30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€193k▼ 2.9%€167k▼ 13.4%€169k▲ 1.1%€169k▲ 0.4%
Operating result€-18k-€6k€-12k€15k€13k▼ 13.6%
Net result€-28k-€-6k▲ 79.6%€-26k▼ 348%€2k€621▼ 65.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €388k
Fixed assets
€272k▼ 10.3%
Current assets
€117k▼ 25.2%
Equity and liabilities €388k
Equity
€169k▲ 0.4%
Debt
€219k▼ 24.5%
The debt ratio falls from 63.2% to 56.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€44k▼
2024 · €48k
Cash flow
€32k▼
2024 · €34k
Solvency
43.7%▲
2024 · 36.8%
Current ratio
0.72▼
2024 · 0.84
Quick ratio
0.36▼
2024 · 0.50
Debt / equity
1.29▼
2024 · 1.72
ROE
0.4%▼
2024 · 1.1%
ROA
0.2%▼
2024 · 0.4%
Interest coverage
3.53▲
2024 · 3.40
Debt
€219k▼
2024 · €290k
Debt ≤ 1 year
€163k▼
2024 · €186k
Debt > 1 year
€55k▼
2024 · €103k
Income taxes
€206▼
2024 · €226
Staff costs
€33k▼
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€459k€388k▼
Fixed assets21/28€303k€272k▼
Tangible fixed assets22/27€303k€272k▼
Land and buildings22€265k€252k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€0-
Leasing and similar rights25€31k€16k▼
Current assets29/58€156k€117k▼
Stocks and contracts in progress3€63k€57k▼
Stocks30/36€63k€57k▼
Amounts receivable within one year40/41€78k€49k▼
Trade receivables40€77k€49k▼
Other amounts receivable41€441€352▼
Cash at bank and in hand54/58€13k€6k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€459k€388k▼
Equity10/15€169k€169k▲
Contributions10/11€19k€19k=
Reserves13€150k€151k▲
Distributable reserves133€150k€151k▲
Amounts payable17/49€290k€219k▼
Amounts payable after more than one year17€103k€55k▼
Financial debts170/4€103k€55k▼
Amounts payable within one year42/48€186k€163k▼
Current portion of amounts payable after more than one year42€48k€48k▲
Financial debts43€46k€49k▲
Credit institutions430/8€46k€49k▲
Trade debts44€77k€51k▼
Suppliers440/4€77k€51k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€10k€7k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€61k€33k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€31k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€12k
Other operating charges640/8€4k€3k▼
Gross operating margin9900€112k€93k▼
Operating profit (loss)9901€15k€13k▼
Financial income75/76B€618€63▼
Recurring financial income75€618€63▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€2k€827▼
Income taxes67/77€226€206▼
Profit (loss) for the period9904€2k€621▼
Profit (loss) for the period to be appropriated9905€2k€621▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€621▼
Transfer from equity791/2€0-
Transfer to equity691/2€2k€621▼
To other reserves6921€2k€621▼
The notes to these accounts (15 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-28k ▼194%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €30k ▲27623%
Operating result €44k, net result €30k, both a record.
31-12
Financial
Equity above €200kEq €227k ▲15.4%
2 profitable years in a row build equity to €227k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €109
Net result €109 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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
2 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, Heist-op-den-Berg · 1 establishment unit since 2000
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.
Industriepark 42220 Heist-op-den-BergGround area
1.1 ha
Building footprint
6,024 m²
Volume, LiDAR
22,650 m³
Parcel 12014K0756/00W000, Flanders · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industriepark 4, 2220 Heist-op-den-Berg
since 20002.045.689.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0756/00W000 | Flanders | 1.1 ha | 1 · 6,024 m² | 16.8 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.
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Of 191 companies in sector 46421 we hold annual accounts for 128. 96 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-09-1989
Fiscal year end31-12
Activities, NACEBEL
46421Wholesale trade
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.