Losses
-€23,115 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
VECO PROJECTS
Lifetime
4 annual accounts with figures on one time axispeak €4,861 (2022)
-€7,538▲ €3,055
lowest -€15,395 (2024)
-€7,719▲ €7,676
peak €36,514 (2023)
€13,399▼ 36.6%
€7,364▲ 19.1%
Board1 name since 2021
1 directorVANHOUTTE Egon
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from -€10,594 to -€7,538Loss of €7,719Equity from €21,118 to €13,399Debts from €6,182 to €7,364Cash from €3,119 to €9,267
Key points
from the 2025 annual accountsLiquidity
2.48 was 5.26 in 2024
Short-term debts rose from €4,720 to €7,364.
Position in the sector
-€7,719
Lower net result than 84% of companies in construction of buildings. Sector median €8,556 · 9,461 companies.
2025 accounts filed 25 days after the deadlineTurnover not published (micro format)
Checked score
68
Healthy
Financially stronger than 45% of micro companies in construction of buildings (NACE 41)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.1%▼ -0.1 percentage points vs 12-2024
02-2025: 1.0%▼ -0.1 percentage points vs 01-2025
03-2025: 0.7%▼ -0.3 percentage points vs 02-2025lowest value
04-2025: 0.9%▲ +0.2 percentage points vs 03-2025
05-2025: 1.1%▲ +0.2 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 2.9%▲ +1.7 percentage points vs 07-2025
09-2025: 2.9%● unchanged vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 2.9%● unchanged vs 01-2026
03-2026: 2.9%● unchanged vs 02-2026
04-2026: 3.5%▲ +0.6 percentage points vs 03-2026highest value
05-2026: 2.3%▼ -1.2 percentage points vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.4%▲ +0.1 percentage points vs 06-2026
08-2026: 2.9%▲ +0.5 percentage points vs 07-2026
09-2026: 0.8%▼ -2.1 percentage points vs 08-2026
10-2026: 0.7%▼ -0.1 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2021
lowers risk
Liquidity: current ratio 2.48, cash €9,267
Equity €13,399 (64.5% of total assets)
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 41, micro). It does better than 74% of them on solvency, 86% on liquidity, 5% on profitability and 14% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 3,591 companies had the same profile as VECO PROJECTS has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VECO PROJECTS itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,448 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 3,591 companies, not a prediction for VECO PROJECTS. 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 €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.48 (5.26 in 2024), above the usual 1.5. Short-term debt is 35.5% and cash 44.6% of total assets. 35.5% of the assets are financed with debt and provisions.
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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€7,719
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
25 days late
2024
24 days early
2023
19 days early
2022
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 10 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 12 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VANHOUTTE Egon 100 sharesdeed of 08-07-2021
Shares in 2 companies, Denarius Invest and Traden Ltd
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0770795256
Registered office moved within Ghent
New registered office: Uilkensstraat 75, 9000 Gent · Previous registered office: Uilkensstraat 133, 9000 Gent · Board meeting of 16-01-2024 · Gazette deed
Incorporation
Founding capital of €2,500, 100 shares · Founder: VANHOUTTE Egon · Appointment: VANHOUTTE Egon (director) · published on 08-07-2021 · Gazette deed
First establishment
Veco Projects BV, Uilkensstraat 75, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VECO PROJECTS Ghent | €20,763 | -€7,538 | 64.5% | - |
| DFB Infra Scherpenheuvel-Zichem | €20,505 | -€8,747 | 34.9% | - |
| PARISSI AND CO Ciney | €31,700 | €1,113 | 7.9% | - |
| PFD IMMO Binche | €30,943 | -€7,231 | 80.4% | - |
| M Development Ranst | €12,494 | -€11,900 | -92.5% | - |
| TIMBERA Tessenderlo-Ham | €42,230 | -€1,506 | 0.4% | - |
| Steelbuildings Oostkamp | €19,491 | €421 | 86.8% | - |
These companies have the same main activity as VECO PROJECTS: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €12,500 and €42,200, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 06-07-2021Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 1 other
- Establishment unit
- 2.319.170.2289000 Ghent, since 06-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Insights on VECO PROJECTS
VECO PROJECTS files the micro format. That format states no turnover. The gross margin fell from €4,861 in 2022 to -€7,538 in 2025.
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 VECO PROJECTS
- What is the company number of VECO PROJECTS?
- The company number of VECO PROJECTS is 0770.795.256. The VAT number is the same number with BE in front: BE 0770.795.256.
- Where is VECO PROJECTS based?
- The registered office is at Uilkensstraat 75, 9000 Ghent.Company details
- What does VECO PROJECTS do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of VECO PROJECTS?
- VECO PROJECTS is a private limited company (BV).
- When was VECO PROJECTS founded?
- VECO PROJECTS was founded on 06-07-2021.
- Is VECO PROJECTS still active?
- Yes, VECO PROJECTS is an active enterprise in the KBO register.
- What is the turnover of VECO PROJECTS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is VECO PROJECTS profitable?
- In financial year 2025, VECO PROJECTS made a loss of €7,719.
- Where can I find the annual accounts of VECO PROJECTS?
- VECO PROJECTS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VECO PROJECTS due?
- VECO PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.