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Generated 10-08-2026
Active BE 0425.853.358Public limited company

Veco

Hortensialaan 26 ·8300 Knokke-Heist, Belgium· 42 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Veco is 0.5% (very low). The 2024 annual accounts show equity of €1.42M and a net result of €1.17M. Equity is growing by ~11.9% per year across the filed fiscal years. The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €1.42M
Net result €1.17M
Active 42 yrs
Locations 1
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health83Profitability100Solvency100Growth78Stability100
92 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83
Profitability 100
Solvency 100
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Very low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1983, 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
83 / 100 Excellent
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · verkort
€0€500k€1.00M€1.50MOperating result 2020: €144k€144kNet result 2020: €132k€132kOperating result 2021: €184k€184kNet result 2021: €128k€128kOperating result 2022: €1.67M€1.67MNet result 2022: €1.14M€1.14MOperating result 2023: €336k€336kNet result 2023: €259k€259kOperating result 2024: €1.53M€1.53MNet result 2024: €1.17M€1.17M20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~11.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
€500k€1.00M€1.50M€2.00M€2.50M2025: €1.53M (€1.17M - €1.88M)2026: €1.63M (€1.06M - €2.20M)2027: €1.74M (€956k - €2.52M)2018: €785k2019: €891k2020: €799k2021: €842k2022: €1.87M2023: €1.73M2024: €1.42M2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€1.54M
+343.9% 18-24
Net profit
€1.17M
+351.7% 18-24
Cash flow
€1.18M
+336.3% 18-24
Total assets
€1.42M
-33.6% 18-24
Equity
€1.42M
-18.0% 18-24
Working capital
€1.29M
-18.1% 18-24
Income taxes
€390k
+349.8% 18-24
Dividends
€1.48M
+265.1% 18-24
Debt
€2k
-99.6% 18-24
Debt ≤ 1y
€0
-100.0% 18-24
Current ratio
4.86
-66.0% 18-24
Quick ratio
4.86
-66.0% 18-24
Solvency
99.9%
+23.6% 18-24
Debt / equity
0.00
-99.5% 18-24
ROE
82.5%
+450.6% 18-24
ROA
82.4%
+580.3% 18-24
Interest coverage
24.89
-90.4% 18-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€1.54M
Net profit€1.17M
Cash flow€1.18M
Staff costs-
Income taxes€390k
Dividends€1.48M
Total assets€1.42M
Equity€1.42M
Debt€2k
of which ≤ 1y€0
of which > 1y-
Working capital€1.29M
Employees (FTE)-
Ratios (computed)
2024
Current ratio-
Quick ratio-
Working capital ratio91.1%
Solvency99.9%
Debt / equity0.00
Long-term debt ratio-
Interest coverage24.89
Gross margin-
Net margin-
ROA82.4%
ROE82.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.42M
Fixed assets 21/28€126k
Tangible fixed assets 22/27€126k
Current assets 29/58€1.29M
Amounts receivable within one year 40/41€126k
Investments 50/53€999k
Cash & bank 54/58€130k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.42M
Equity 10/15€1.42M
Contributions / capital 10/11€225k
Reserves 13€23k
Accumulated profits (losses) 14€1.17M
Amounts payable 17/49€2k
Amounts payable within one year 42/48€0
Income statement
Gross operating margin 9900€1.57M
Operating result 9901€1.53M
Financial income 75€90k
Financial charges 65€62k
Result before taxes 9903€1.56M
Income taxes 67/77€390k
Net result for the period 9904€1.17M
Result to be appropriated 9905€1.17M
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation14-12-1983
StatusActive
Postal code8300
Establishment units 1 location
Hortensialaan 26, 8300 Knokke-Heist
Overige financiële instellingen, n.e.g.
since 19832.025.807.485
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31333I0791/00C000 Flanders 1,098 m² 1 · 267 m² 12.0 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
05-07-2024
State Gazette act Director changes
20-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
27-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
15-09-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
26-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
22-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
25-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
25-09-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
29-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
22-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2024
05-07-2024 4 directors appointed Director changes
  • Marie-Christina Mergaert, Commissaris
  • Paul Mergaert, Commissaris
  • Pieter Mergaert, Commissaris
  • Veronique Mergaert, Commissaris
Technical details 
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  "notary": {
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    "office_city": "Gent",
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  },
  "act_meta": {
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    "pub_date": "2024-07-05",
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  },
  "decisions": [
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      "body": "algemene_vergadering",
      "date": "2023-05-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
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  "co_filed_documents": [
    "Bijlagen bij he het Belgisch Sta Staatsblad - 05/07/2024 - Annexes du Moniteur belge"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Veco
Registered office
Hortensialaan 26
8300 Knokke-Heist, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative