VECO CONSTRUCT
ActiveVECO CONSTRUCT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €-19k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency94▼-3
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 2.43 in 2023), but 51.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.8%
Return on assets
-38.9%
Age of the figures
20 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
31 d late
2022
60 d late
2021
92 d late
2020
10 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€174k▲ 25.9%
2018 · €138k
2018: €138k
2018 → 2019
EBIT margin
8.6%▲ 13.9pp
2018 · -5.3%
2018: -5.3%
2018 → 2019
Net result
€-19k▼ 228%
2023 · €-6k
2018: €-8k
2019: €10k
2020: €16k
2021: €-3k
2022: €4k
2023: €-6k
2018 → 2024
Working capital
€28k▼ 38.8%
2023 · €45k
2018: €10k
2019: €34k
2020: €41k
2021: €36k
2022: €43k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€42k-€39k▼ 7.4%€43k▲ 11.2%€43k▲ 0.4%€24k▼ 44.3%
Operating result€24k-€-2k€5k€-3k€-18k▼ 423%
Net result€16k-€-3k€4k€-6k€-19k▼ 228%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2024 against €3k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €49k
Fixed assets
€1k▼ 53.8%
Current assets
€48k▼ 37.7%
Equity and liabilities €49k
Equity
€24k▼ 44.3%
Debt
€25k▼ 31.2%
The debt ratio rises from 45.9% to 51.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-17k▼
2023 · €-1k
Cash flow
€-18k▼
2023 · €-4k
Solvency
48.8%▼
2023 · 54.1%
Current ratio
2.37▼
2023 · 2.43
Quick ratio
2.37▼
2023 · 2.43
Debt / equity
1.05▲
2023 · 0.85
ROE
-79.6%▼
2023 · -13.5%
ROA
-38.9%▼
2023 · -7.3%
Interest coverage
-19.26▼
2023 · -5.12
Debt
€25k▼
2023 · €37k
Debt ≤ 1 year
€20k▼
2023 · €32k
Debt > 1 year
€5k=
2023 · €5k
Income taxes
€0▼
2023 · €2k
Staff costs
€-4k▼
2023 · €32k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€80k€49k▼
Fixed assets21/28€3k€1k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€99€0▼
Current assets29/58€77k€48k▼
Amounts receivable within one year40/41€52k€25k▼
Trade receivables40€52k€24k▼
Other amounts receivable41€0€732▲
Cash at bank and in hand54/58€25k€23k▼
Deferred charges and accrued income490/1€58€652▲
Equity and liabilities
Total equity and liabilities10/49€80k€49k▼
Equity10/15€43k€24k▼
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-17k€-36k▼
Amounts payable17/49€37k€25k▼
Amounts payable after more than one year17€5k€5k=
Financial debts170/4€5k€5k=
Amounts payable within one year42/48€32k€20k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€18k€8k▼
Taxes450/3€8k€3k▼
Remuneration and social security454/9€11k€5k▼
Other amounts payable47/48€9k€8k▼
Income statement
Code20232024
Remuneration, social security and pensions62€32k€-4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€218€472▲
Gross operating margin9900€31k€-20k▼
Operating profit (loss)9901€-3k€-18k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€239€870▲
Recurring financial charges65€239€870▲
Profit (loss) for the period before taxes9903€-4k€-19k▼
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€-6k€-19k▼
Profit (loss) for the period to be appropriated9905€-6k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-36k▼
Profit (loss) brought forward from the previous period14P€-17k€-17k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Shareholders' contribution to the loss794€6k€0▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲59.4%
Operating result €24k, net result €16k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
14-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 106 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
01-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2024
Resigned as Director
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2006
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.
Vaartstraat 152520 RanstGround area
630 m²
Building footprint
229 m²
Volume, LiDAR
1,121 m³
Parcel 11035B0379/00P009, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VECO CONSTRUCT
since 20062.155.830.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11035B0379/00P009 | Flanders | 630 m² | 1 · 229 m² | 11.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 573 EUR awarded · 947 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 122 EUR | 122 EUR |
| 2024 | 1 | 117 EUR | 117 EUR |
| 2023 | 1 | 0 EUR | 481 EUR |
| 2022 | 1 | 334 EUR | 227 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,510 companies in sector 71121 we hold annual accounts for 6,526. 4,207 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-06-2006
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.