Turnover
≈ €200,000 estimated
The micro format states no turnover.
VECA ART
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1990peak €132,806 (2010)
€92,650▼ 17.5%
lowest -€33,070 (2012)
€621▼ 65.0%
peak €246,401 (2011)
€169,476▲ 0.4%
€218,717▼ 24.5%
peak 1.7 FTE (2018)
-not published
Board1 name since 2021
1 directorVan Calster Guy
Owners
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €112,367 to €92,650Result from €1,775 to €621Debts from €289,730 to €218,717Cash from €12,591 to €5,534
Key points
from the 2025 annual accountsFilings
36 annual accounts since 1990
The last five annual accounts were filed 11 to 51 days before the end of the period.
At the same address
22 companies
Checked score
90
Excellent
Financially stronger than 34% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.72, cash €5,534, halved
lowers risk
Founded in 1989
Size: total assets €388,192
Figures for financial year 2025 (filed on 29-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 44% of them on solvency, 17% on liquidity, 29% on profitability and 45% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as VECA ART has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VECA ART itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for VECA ART. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.72 (0.84 in 2024), below 1. Short-term debt is 41.9% and cash 1.4% of total assets. 56.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
14 days early
2023
50 days early
2022
11 days early
2021
51 days early
2020
50 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438753071
Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: Van Calster Guy, from manager to director · Director discharge: Van Calster Guy · Gazette deed
First establishment
Industriepark 4, Heist-op-den-Berg
Incorporation
published on 06-12-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VECA ART Heist-op-den-Berg | €388,192 | €92,650 | 43.7% | - |
| AVRENIM Antwerp | €430,225 | €77,341 | 96.0% | - |
| ALVIREK Turnhout | €326,600 | €83,935 | 72.3% | - |
| MALIEBIE Antwerp | €472,936 | €91,044 | 93.8% | - |
| CLIXRECLAME Knokke-Heist | €416,455 | €105,794 | 89.5% | 1 |
| VICTORI Nazareth | €425,330 | €110,140 | 59.1% | - |
| REKLAMEBUREAU LOMMELEN Beringen | €352,114 | €109,495 | 95.4% | - |
These companies have the same main activity as VECA ART: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €327,000 and €473,000, founded between 1988 and 1991.
Official details
Source: KBO- Status
- Active since 07-09-1989Normal situation
- Registered office
- 26 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Advertising agenciesNACE 73110and 1 other
- Joint committees
- 215White-collar workers in the clothing and garment industry
- 109Clothing and garment industry · annual accounts 2025
- Establishment unit
- 2.045.689.7152220 Heist-op-den-Berg, since 08-11-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2026
Annual accounts 2025
- €388,192▼ 15.3%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on VECA ART
VECA ART files the micro format. That format states no turnover. The gross margin rose from €42,372 in 2006 to €92,650 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VECA ART
- What is the company number of VECA ART?
- The company number of VECA ART is 0438.753.071. The VAT number is the same number with BE in front: BE 0438.753.071.
- Where is VECA ART based?
- The registered office is at Industriepark 4, 2220 Heist-op-den-Berg.Company details
- What does VECA ART do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of VECA ART?
- VECA ART is a private limited company (BV).
- When was VECA ART founded?
- VECA ART was founded on 07-09-1989.
- Is VECA ART still active?
- Yes, VECA ART is an active enterprise in the KBO register.
- How many employees does VECA ART have?
- VECA ART had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VECA ART fall under?
- In its 2025 annual accounts, VECA ART states joint committees 215 (White-collar workers in the clothing and garment industry) and 109 (Clothing and garment industry).
- What is the turnover of VECA ART?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €92,650 and 30 comparable companies (NACE 73). It probably lies between €180,000 and €260,000.
- Is VECA ART profitable?
- In financial year 2025, VECA ART made a profit of €621.
- Where can I find the annual accounts of VECA ART?
- VECA ART filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VECA ART due?
- VECA ART must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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