VECOBE
ActiveSummary
VECOBE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €561,121 and a net result of €62,181. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 79% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-3
Solvency95▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 7.12 in 2024; short-term debt: 30.3% and cash: 34.7% of total assets), and 30.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.5%
Return on assets
7.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-02-2026, 177 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
177 d early
2024
155 d early
2023
148 d early
2022
138 d early
2021
26 d late
2020
25 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 79 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 oldest company in Oosterzele, Construction sector
Equity
€561,121▼ 27.4%
2024 · €773,342
Total assets
€806,937▼ 8.6%
2024 · €883,310
Net result
€62,181▼ 28.0%
2024 · €86,410
Working capital
€384,800▼ 35.3%
2024 · €594,828
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,450▼ 78.5%€130,003▲ 267%€109,165▼ 16.0%€122,733▲ 12.4%€94,350▼ 23.1%
Net result€21,824within the sector's middle half▼ 80.0%€73,880within the sector's middle half▲ 239%€66,899within the sector's middle half▼ 9.4%€86,410within the sector's middle half▲ 29.2%€62,181within the sector's middle half▼ 28.0%
Equity€737,134above the sector's middle half▲ 3.1%€811,014above the sector's middle half▲ 10.0%€877,913above the sector's middle half▲ 8.2%€773,342above the sector's middle half▼ 11.9%€561,121within the sector's middle half▼ 27.4%
Total assets€1.2mwithin the sector's middle half▼ 6.6%€1.4mwithin the sector's middle half▲ 11.3%€1.2mwithin the sector's middle half▼ 16.6%€883,310within the sector's middle half▼ 23.2%€806,937within the sector's middle half▼ 8.6%
Debt€502,093▼ 17.9%€568,615▲ 13.2%€272,633▼ 52.1%€109,968▼ 59.7%€245,816▲ 124%
Working capital€565,891above the sector's middle half▼ 3.6%€631,131above the sector's middle half▲ 11.5%€703,819above the sector's middle half▲ 11.5%€594,828above the sector's middle half▼ 15.5%€384,800within the sector's middle half▼ 35.3%
Solvency59.5%within the sector's middle half▲ 5.6pp58.8%within the sector's middle half▼ 0.7pp76.3%above the sector's middle half▲ 17.5pp87.6%above the sector's middle half▲ 11.2pp69.5%above the sector's middle half▼ 18.0pp
Current ratio2.15within the sector's middle half▲ 0.072.19within the sector's middle half▲ 0.043.83above the sector's middle half▲ 1.657.12above the sector's middle half▲ 3.282.57within the sector's middle half▼ 4.55
Return on assets (ROA)1.8%within the sector's middle half▼ 6.5pp5.4%within the sector's middle half▲ 3.6pp5.8%within the sector's middle half▲ 0.5pp9.8%within the sector's middle half▲ 4.0pp7.7%within the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €806,937
Fixed assets
€177,306 ▼ 7.3%
Current assets
€629,631 ▼ 9.0%
Equity and liabilities €806,937
Equity
€561,121 ▼ 27.4%
Debt
€245,816 ▲ 124%
Debt's share of the balance-sheet total rises from 12.4% to 30.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€108,293▼
2024 · €137,226
Cash flow
€76,124▼
2024 · €100,903
Quick ratio
1.73▼
2024 · 6.79
Debt to equity
0.44▲
2024 · 0.14
ROE
11.1%▼
2024 · 11.2%
Interest coverage
20.49▼
2024 · 46.03
Debt ≤ 1 year
€244,831▲
2024 · €97,233
Debt > 1 year
€985▼
2024 · €12,735
Income taxes
€28,968▼
2024 · €39,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,088 | €21,680 | €21,857 | €14,493 | €13,943 | ▼ 3.8% |
| Other operating charges640/8 | €5,689 | €2,138 | €2,147 | €1,809 | €8,318 | ▲ 360% |
| Gross operating margin9900 | €51,227 | €153,821 | €133,169 | €139,035 | €116,611 | ▼ 16.1% |
| Operating profit (loss)9901 | €35,450 | €130,003 | €109,165 | €122,733 | €94,350 | ▼ 23.1% |
| Financial income75/76B | €3,904 | €2,823 | €3,339 | €6,349 | €2,083 | ▼ 67.2% |
| Recurring financial income75 | €3,904 | €2,823 | €3,339 | €6,349 | €2,083 | ▼ 67.2% |
| Financial charges65/66B | €5,803 | €18,687 | €12,971 | €2,981 | €5,284 | ▲ 77.3% |
| Recurring financial charges65 | €5,803 | €18,687 | €12,971 | €2,981 | €5,284 | ▲ 77.3% |
| Profit (loss) for the period before taxes9903 | €33,551 | €114,139 | €99,533 | €126,101 | €91,149 | ▼ 27.7% |
| Income taxes67/77 | €11,727 | €40,259 | €32,634 | €39,691 | €28,968 | ▼ 27.0% |
| Profit (loss) for the period9904 | €21,824 | €73,880 | €66,899 | €86,410 | €62,181 | ▼ 28.0% |
| Profit (loss) for the period to be appropriated9905 | €21,824 | €73,880 | €66,899 | €86,410 | €62,181 | ▼ 28.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.2m | €883,310 | €806,937 | ▼ 8.6% |
| Fixed assets21/28 | €181,213 | €216,994 | €198,442 | €191,249 | €177,306 | ▼ 7.3% |
| Tangible fixed assets22/27 | €181,208 | €216,989 | €198,437 | €191,244 | €177,301 | ▼ 7.3% |
| Land and buildings22 | €159,390 | €159,390 | €159,390 | €159,390 | €159,390 | = |
| Plant, machinery and equipment23 | €1,585 | €1,057 | €528 | - | - | - |
| Furniture and vehicles24 | €20,233 | €56,542 | €38,519 | €31,854 | €17,911 | ▼ 43.8% |
| Financial fixed assets28 | €5 | €5 | €5 | €5 | €5 | = |
| Current assets29/58 | €1.1m | €1.2m | €952,104 | €692,061 | €629,631 | ▼ 9.0% |
| Stocks and contracts in progress3 | €896,473 | €962,654 | €588,678 | €31,386 | €207,141 | ▲ 560% |
| Stocks30/36 | €896,473 | €962,654 | €588,678 | €31,386 | €207,141 | ▲ 560% |
| Amounts receivable within one year40/41 | €91,095 | €63,457 | €25,313 | €301,981 | €142,129 | ▼ 52.9% |
| Trade receivables40 | €45,839 | €31,257 | €18,594 | €191,008 | €29,253 | ▼ 84.7% |
| Other amounts receivable41 | €45,256 | €32,200 | €6,719 | €110,973 | €112,876 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €70,446 | €136,524 | €338,113 | €358,694 | €280,361 | ▼ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.2m | €883,310 | €806,937 | ▼ 8.6% |
| Equity10/15 | €737,134 | €811,014 | €877,913 | €773,342 | €561,121 | ▼ 27.4% |
| Contributions10/11 | €26,388 | €26,388 | €26,388 | €26,388 | €26,388 | = |
| Capital10 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Issued capital100 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | €1,388 | €1,388 | €1,388 | €1,388 | €1,388 | = |
| Share premium1100/10 | €1,388 | €1,388 | €1,388 | €1,388 | €1,388 | = |
| Reserves13 | €710,746 | €784,626 | €851,525 | €746,954 | €534,733 | ▼ 28.4% |
| Non-distributable reserves130/1 | €27,491 | €27,491 | €27,491 | €27,491 | €27,491 | = |
| Legal reserve130 | €27,491 | €27,491 | €27,491 | €27,491 | €27,491 | = |
| Distributable reserves133 | €683,255 | €757,135 | €824,034 | €719,463 | €507,242 | ▼ 29.5% |
| Amounts payable17/49 | €502,093 | €568,615 | €272,633 | €109,968 | €245,816 | ▲ 124% |
| Amounts payable after more than one year17 | €9,970 | €36,599 | €24,348 | €12,735 | €985 | ▼ 92.3% |
| Financial debts170/4 | €9,970 | €36,599 | €24,348 | €12,735 | €985 | ▼ 92.3% |
| Amounts payable within one year42/48 | €492,123 | €531,504 | €248,285 | €97,233 | €244,831 | ▲ 152% |
| Current portion of amounts payable after more than one year42 | €9,094 | €20,546 | €12,251 | €11,614 | €11,749 | ▲ 1.2% |
| Financial debts43 | €350,000 | - | - | - | - | - |
| Credit institutions430/8 | €350,000 | - | - | - | - | - |
| Trade debts44 | €8,497 | €6,557 | €20,186 | €2,549 | €775 | ▼ 69.6% |
| Suppliers440/4 | €8,497 | €6,557 | €20,186 | €2,549 | €775 | ▼ 69.6% |
| Taxes, remuneration and social security45 | €4,366 | €57,279 | €114,263 | €54,484 | €14,462 | ▼ 73.5% |
| Taxes450/3 | €4,366 | €57,279 | €114,263 | €54,484 | €14,462 | ▼ 73.5% |
| Other amounts payable47/48 | €120,166 | €447,122 | €101,585 | €28,586 | €217,845 | ▲ 662% |
| Accrued charges and deferred income492/3 | - | €512 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,824 | €73,880 | €66,899 | €86,410 | €62,181 | ▼ 28.0% |
| + Depreciation and write-downs630 | €10,088 | €21,680 | €21,857 | €14,493 | €13,943 | ▼ 3.8% |
| Operating cash flow (approximation) | €31,912 | €95,560 | €88,756 | €100,903 | €76,124 | ▼ 24.6% |
| Investment in fixed assets (approximation) | - | -€57,461 | -€3,305 | -€7,300 | €0 | ▲ 100% |
| Change in cash | - | €66,078 | €201,589 | €20,581 | -€78,333 | ▼ 481% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €21,824 ▼80%
Net result drops to €21,824, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 11 days late
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oosterzele · 1 establishment unit since 2003
Ground area
608 m²
Building footprint
115 m²
Volume, LiDAR
206 m³
Parcel 44023A0551/00E000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hoogstraat 44, 9860 Oosterzele
since 20032.110.077.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44023A0551/00E000 | Flanders | 608 m² | 1 · 115 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 4,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-08-1983
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
68121Development of residential building projects
70200Business and other management consultancy
E-invoicing
Left the Peppol register
Left the register on 27 September 2026.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.