VECET
ActiveSummary
VECET has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,188 and a net result of €62,188. Its solvency ranks better than 15% of 20,659 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €68,188
- Profit
- €62,188
Why 90raises riskEquity €68,188 (12.3% of total assets)lowers riskSector: Human health activities (NACE 86)Size: total assets €554,879Figures for financial year 2025 (filed 24-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 86, micro): better than 16% on solvency, 6% on liquidity and 31% on profitability.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: VAN ELMBT Gwenaëlle Anne-Françoise…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 118 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 97.5% are still going.
- Small
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 118 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €0 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,502 |
| Other operating charges640/8 | €799 |
| Gross operating margin9900 | €155,569 |
| Operating profit (loss)9901 | €81,268 |
| Financial charges65/66B | €2,953 |
| Recurring financial charges65 | €2,953 |
| Profit (loss) for the period before taxes9903 | €78,316 |
| Income taxes67/77 | €16,128 |
| Profit (loss) for the period9904 | €62,188 |
| Profit (loss) for the period to be appropriated9905 | €62,188 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €554,879 | |
| Formation expenses20 | €4,610 | |
| Fixed assets21/28 | €442,997 | |
| Intangible fixed assets21 | €227,143 | |
| Tangible fixed assets22/27 | €215,854 | |
| Plant, machinery and equipment23 | €80,620 | |
| Furniture and vehicles24 | €122,308 | |
| Other tangible fixed assets26 | €12,926 | |
| Current assets29/58 | €107,272 | |
| Amounts receivable within one year40/41 | €0 | |
| Trade receivables40 | €0 | |
| Cash at bank and in hand54/58 | €86,972 | |
| Deferred charges and accrued income490/1 | €20,300 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €554,879 | |
| Equity10/15 | €68,188 | |
| Contributions10/11 | €6,000 | |
| Profit (loss) carried forward14 | €62,188 | |
| Amounts payable17/49 | €486,691 | |
| Amounts payable after more than one year17 | €93,136 | |
| Financial debts170/4 | €93,136 | |
| Amounts payable within one year42/48 | €390,610 | |
| Current portion of amounts payable after more than one year42 | €25,501 | |
| Trade debts44 | €15,538 | |
| Suppliers440/4 | €15,538 | |
| Taxes, remuneration and social security45 | €21,128 | |
| Taxes450/3 | €21,128 | |
| Other amounts payable47/48 | €328,443 | |
| Accrued charges and deferred income492/3 | €2,945 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €62,188 |
| + Depreciation and write-downs630 | €73,502 |
| Operating cash flow (approximation) | €135,690 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-07-2026 | 2026-00327118 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CETINKAYA Nuri |
|
| VAN ELMBT Gwenaëlle Anne-Françoise Aline Mariane Ghislaine |
|
Owners and capital
Capital and shareholders
- VAN ELMBT Gwenaëlle Anne-Françoise Aline Mariane Ghislaine 50 shares (50%) · €3,000 in cash
- CETINKAYA Nuri 50 shares (50%) · €3,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 31-12-2024 Incorporation · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
31-12
Gazette deed
IncorporationAppointments: VAN ELMBT Gwenaëlle Anne-Françoise Aline Mariane Ghislaine (administrateur ordinaire) and CETINKAYA Nuri (administrateur ordinaire) · Founder · Founding capital9 facts ▸
- Founder, VAN ELMBT Gwenaëlle Anne-Françoise Aline Mariane Ghislaine
- Founder, CETINKAYA Nuri
- Incorporation, 27-12-2024
- Founding capital
- Capital
- Other provision, “Article 10 – Actionnaires - Cessions d'actions, omet” (deed in French)
- Pre-incorporation commitments, “takeover”, 23-12-2024 (deed in French)
- Director appointment, VAN ELMBT Gwenaëlle Anne-Françoise Aline Mariane Ghislaine (administrateur ordinaire)
- Director appointment, CETINKAYA Nuri (administrateur ordinaire)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62108C0843/00A000 | Wallonia | 9,179 m² | 1 · 162 m² | 10.7 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 15 - Pouvoirs de représentation Sans préjudice aux pouvoirs conférés aux mandataires spéciaux et à ce qui est prévu pour la gestion…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Administrateurs, ad nutum” (deed in French)“Mandat administrateurs, assemblée générale” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution ou continuité annoncée à l'ordre du jour, organe d'administration” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Réparti également entre toutes actions, paiement dettes et charges ou consignation” (deed in French)