VECO CONSTRUCT
ActiveFrom the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
VECO CONSTRUCT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24,060 and a net result of -€19,150. Equity has been growing by about 5.8% per year since 2018. Its solvency ranks better than 45% of 11,501 sector peers (NACE 71, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
KBO- Status
- Active since 16-06-2006 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121
- Establishment unit
- 2.155.830.047 2520 Ranst, since 28-08-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- -€19,975
- Loss
- €19,150
- ▲ 228%
- Equity
- €24,060
- ▼ 44.3%
- Total assets
- €49,270
- ▼ 38.3%
Score breakdownraises riskCapped at 59: a confirmed filing finding1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 07-10-2025)lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.37, cash €22,769Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 46% of them on solvency, 70% on liquidity, 4% on profitability and 12% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 46 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024 filed on 30-09-2025 PDF all 18 filings
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a loss of €18,280, larger than the loss of €3,492 in 2023. It is the lowest result since 2020.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as VECO CONSTRUCT: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €43,000 and €50,100, founded between 2002 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| VECO CONSTRUCT Ranst | 2006 | €49,270 | €24,060 | -€19,975 | -€19,150 | - | 2024 |
| Critical Air Kalmthout | 2005 | €48,684 | €41,797 | -€3,346 | -€17,866 | - | 2025 |
| RAMSES INTUITIVE PRODUCTIONS Antwerpen | 2002 | €48,484 | €26,157 | €861 | -€6,592 | - | 2025 |
| C.I.C. ENGINEERING Elsene | 2005 | €46,964 | €22,297 | -€1,772 | -€3,167 | - | 2025 |
| JEAN-PIERRE DE ROUS Wevelgem | 2008 | €50,115 | €35,672 | -€2,871 | -€3,538 | 0 | 2025 |
| JEAN TOUT SEUL Lessines | 2007 | €44,265 | €32,087 | -€1,599 | -€8,824 | - | 2025 |
| LOUDORDESIGN Schaarbeek | 2005 | €42,990 | €29,176 | -€1,947 | -€3,056 | - | 2025 |
They were chosen from the 6,768 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 5,831 companies had the same profile as VECO CONSTRUCT has now. Two years later, 1.7% had gone bankrupt and 84.6% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VECO CONSTRUCT itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 5,831 companies, not a prediction for VECO CONSTRUCT. 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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €573 awarded · €947 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €122 | €122 |
| 2024 | 1 | €117 | €117 |
| 2023 | 1 | €0 | €481 |
| 2022 | 1 | €334 | €227 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €138,380 | €174,260 | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €71,583 | €41,173 | €31,907 | -€3,699 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,273 | €3,361 | €2,717 | €2,975 | €2,838 | €2,269 | €1,531 | ▼ 32.5% |
| Other operating charges640/8 | - | - | - | €3,131 | €605 | €218 | €472 | ▲ 117% |
| Gross operating margin9900 | €40,940 | €56,222 | €71,570 | €75,218 | €49,771 | €30,901 | -€19,975 | - |
| Operating profit (loss)9901 | -€7,278 | €14,991 | €23,974 | -€2,472 | €5,156 | -€3,492 | -€18,280 | ▼ 423% |
| Financial income75/76B | - | - | - | €36 | €0 | €0 | €0 | ▼ 72.7% |
| Recurring financial income75 | €69 | €128 | €1 | €36 | €0 | €0 | €0 | ▼ 72.7% |
| Financial charges65/66B | - | - | - | €541 | €391 | €239 | €870 | ▲ 263% |
| Recurring financial charges65 | €482 | €792 | €683 | €541 | €391 | €239 | €870 | ▲ 263% |
| Profit (loss) for the period before taxes9903 | -€7,691 | €14,327 | €23,291 | -€2,977 | €4,765 | -€3,732 | -€19,150 | ▼ 413% |
| Income taxes67/77 | - | €4,352 | €7,386 | €119 | €433 | €2,103 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€7,691 | €9,975 | €15,905 | -€3,096 | €4,332 | -€5,835 | -€19,150 | ▼ 228% |
| Profit (loss) for the period to be appropriated9905 | -€7,691 | €9,975 | €15,905 | -€3,096 | €4,332 | -€5,835 | -€19,150 | ▼ 228% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €62,568 | €81,104 | €90,403 | €88,374 | €85,098 | €79,868 | €49,270 | ▼ 38.3% |
| Fixed assets21/28 | €20,104 | €4,338 | €8,169 | €7,952 | €5,113 | €2,845 | €1,314 | ▼ 53.8% |
| Intangible fixed assets21 | €167 | - | €715 | €414 | €113 | €0 | - | - |
| Tangible fixed assets22/27 | €19,937 | €4,338 | €7,454 | €7,538 | €5,000 | €2,845 | €1,314 | ▼ 53.8% |
| Plant, machinery and equipment23 | - | - | - | €6,297 | €4,330 | €2,746 | €1,314 | ▼ 52.2% |
| Furniture and vehicles24 | - | - | - | €1,241 | €670 | €99 | €0 | ▼ 100% |
| Current assets29/58 | €42,464 | €76,766 | €82,233 | €80,423 | €79,985 | €77,023 | €47,956 | ▼ 37.7% |
| Stocks and contracts in progress3 | €6,900 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €15,610 | €20,966 | €35,884 | €43,581 | €41,467 | €52,368 | €24,534 | ▼ 53.1% |
| Trade receivables40 | - | - | - | €36,581 | €34,278 | €52,368 | €23,802 | ▼ 54.5% |
| Other amounts receivable41 | - | - | - | €7,000 | €7,189 | €0 | €732 | - |
| Cash at bank and in hand54/58 | €19,954 | €54,437 | €46,350 | €36,178 | €37,854 | €24,597 | €22,769 | ▼ 7.4% |
| Deferred charges and accrued income490/1 | - | - | - | €664 | €664 | €58 | €652 | ▲ 11× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €62,568 | €81,104 | €90,403 | €88,374 | €85,098 | €79,868 | €49,270 | ▼ 38.3% |
| Equity10/15 | €15,929 | €25,904 | €41,809 | €38,713 | €43,045 | €43,210 | €24,060 | ▼ 44.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,232 | €22,207 | €37,206 | €37,206 | €41,538 | €41,538 | €41,538 | = |
| Non-distributable reserves130/1 | - | - | - | €100 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | - | - | - | €100 | €100 | €100 | €100 | = |
| Distributable reserves133 | - | - | - | €37,106 | €41,438 | €41,438 | €41,438 | = |
| Profit (loss) carried forward14 | -€14,903 | -€14,903 | -€13,998 | -€17,093 | -€17,093 | -€16,928 | -€36,078 | ▼ 113% |
| Amounts payable17/49 | €46,639 | €55,200 | €48,594 | €49,661 | €42,053 | €36,658 | €25,209 | ▼ 31.2% |
| Amounts payable after more than one year17 | €12,597 | €12,441 | €7,205 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Financial debts170/4 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Amounts payable within one year42/48 | €32,351 | €42,759 | €41,389 | €44,661 | €37,053 | €31,658 | €20,209 | ▼ 36.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,205 | €0 | - | - | - |
| Trade debts44 | €5,904 | €12,407 | €7,006 | €7,150 | €6,798 | €4,182 | €4,269 | ▲ 2.1% |
| Suppliers440/4 | - | - | - | €7,150 | €6,798 | €4,182 | €4,269 | ▲ 2.1% |
| Taxes, remuneration and social security45 | - | - | - | €26,694 | €20,947 | €18,197 | €7,753 | ▼ 57.4% |
| Taxes450/3 | - | - | - | €5,786 | €4,921 | €7,548 | €3,253 | ▼ 56.9% |
| Remuneration and social security454/9 | - | - | - | €20,908 | €16,026 | €10,649 | €4,500 | ▼ 57.7% |
| Other amounts payable47/48 | - | - | - | €8,613 | €9,309 | €9,280 | €8,187 | ▼ 11.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,691 | €9,975 | €15,905 | -€3,096 | €4,332 | -€5,835 | -€19,150 | ▼ 228% |
| + Depreciation and write-downs630 | €10,273 | €3,361 | €2,717 | €2,975 | €2,838 | €2,269 | €1,531 | ▼ 32.5% |
| Operating cash flow (approximation) | €2,582 | €13,336 | €18,622 | -€120 | €7,170 | -€3,566 | -€17,618 | ▼ 394% |
| Investment in fixed assets (approximation) | - | €12,405 | -€6,548 | -€2,758 | €0 | €0 | €0 | - |
| Change in cash | - | €34,483 | -€8,087 | -€10,172 | €1,676 | -€13,257 | -€1,828 | ▲ 86.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00533606 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00453110 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00478052 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20486140 | |
| 31-12-2020 | micro format | 10-08-2021 | 2021-48600140 | |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43500530 | |
| 31-12-2018 | micro format | 14-11-2019 | 2019-73600570 | |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-51900508 | |
| 31-12-2016 | abbreviated format | 27-09-2017 | 2017-62600467 | |
| 31-12-2015 | abbreviated format | 01-06-2016 | 2016-14100402 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Yelena SCHMITZ |
|
| Olivier CAPEAU |
|
Network & group
VECO CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VECO CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-01
Gazette deed
Registered officeRegistered-office move1 point ▸
- Registered-office move, Vaartstraat 15, 2520 Ranst
13-03
Gazette deed
Resignation: Olivier CAPEAU (director)Appointment: Yelena SCHMITZ (director) · Director discharge4 points ▸
- General meeting, 29-12-2023
- Director resignation, Olivier CAPEAU (director)
- Director discharge, Olivier CAPEAU
- Director appointment, Yelena SCHMITZ (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11035B0379/00P009 | Flanders | 630 m² | 1 · 229 m² | 11.0 m · 1 |