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VECOE

Active
Private limited companyfounded 20169 yrs activeSteenvoordestraat 24, 1740 Ternat, BelgiumKBO/BCE: BE 0667.516.782

For VECOE, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €193k and a net result of €23k. Equity is growing by ~51% per year across the filed fiscal years. Its solvency ranks better than 91% of 9981 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability81▼-19
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2024
Solvency, return and age of the figures
Solvency
84%
Return on assets
9.9%
Age of the figures
29 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-04-2025 was due at the National Bank by 30-11-2025. Nothing is on record, 297 days later.
NBB · 7 filings
Position against the passed deadline
30-04-2025 close30-11-2025 deadline23-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-04-2024 was due by 30-11-2024 and was filed on 02-12-2024, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filings
Deviation from the deadline
2025
not filed
2024
2 d late
2023
17 d early
2022
6 d early
2021
4 d early
2020
4 d late
2019
22 d early
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover
€246k▼ 19.7%
2020 · €306k
2019: €319k 2020: €306k
2019 → 2021
EBIT margin
27.0%▲ 25.7pp
2020 · 1.3%
2019: 4.7% 2020: 1.3%
2019 → 2021
Net result
€23k▼ 61.4%
2023 · €59k
2019: €9k 2020: €3k 2021: €53k 2022: €23k 2023: €59k
2019 → 2024
Working capital
€140k▲ 16.2%
2023 · €120k
2019: €23k 2020: €29k 2021: €6k 2022: €41k 2023: €120k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€306k-€246k▼ 19.7%
Equity€35k-€88k▲ 151%€111k▲ 26.6%€170k▲ 53.2%€193k▲ 13.4%
Operating result€4k-€66k▲ 1,589%€37k▼ 44.4%€81k▲ 120%€31k▼ 62.2%
Net result€3k-€53k▲ 1,881%€23k▼ 55.9%€59k▲ 153%€23k▼ 61.4%
Result per fiscal year
Operating resultNet result
€0€25k€50k€75kOperating result 2020: €4k€4kNet result 2020: €3k€3kOperating result 2021: €66k€66kNet result 2021: €53k€53kOperating result 2022: €37k€37kNet result 2022: €23k€23kOperating result 2023: €81k€81kNet result 2023: €59k€59kOperating result 2024: €31k€31kNet result 2024: €23k€23k20202021202220232024
The operating result falls in 2024; 2024 is 62% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €230k
Fixed assets €53k▲ 6.7%
Current assets €176k▲ 12.8%
Equity and liabilities €230k
Equity €193k▲ 13.4%
Debt €37k▲ 1.7%
The debt ratio falls from 17.5% to 16.0%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€53k
2023 · €101k
Cash flow
€45k
2023 · €79k
Solvency
84.0%
2023 · 82.5%
Current ratio
4.80
2023 · 4.33
Quick ratio
4.80
2023 · 4.33
Debt / equity
0.19
2023 · 0.21
ROE
11.8%
2023 · 34.7%
ROA
9.9%
2023 · 28.6%
Interest coverage
479.16
2023 · 617.87
Debt
€37k
2023 · €36k
Debt ≤ 1 year
€37k
2023 · €36k
Income taxes
€8k
2023 · €22k
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€206k€230k
Fixed assets21/28€50k€53k
Tangible fixed assets22/27€50k€53k
Furniture and vehicles24€50k€53k
Current assets29/58€156k€176k
Amounts receivable within one year40/41€95k€109k
Trade receivables40€72k€85k
Other amounts receivable41€22k€24k
Cash at bank and in hand54/58€62k€67k
Equity and liabilities
Total equity and liabilities10/49€206k€230k
Equity10/15€170k€193k
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€162k€185k
Amounts payable17/49€36k€37k
Amounts payable within one year42/48€36k€37k
Trade debts44€13k€26k
Suppliers440/4€13k€25k
Bills of exchange payable441€350€678
Taxes, remuneration and social security45€22k€11k
Taxes450/3€22k€11k
Other amounts payable47/48€1k-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€22k
Other operating charges640/8€7k€7k
Gross operating margin9900€108k€60k
Operating profit (loss)9901€81k€31k
Financial income75/76B€239€0
Recurring financial income75€239€0
Financial charges65/66B€163€110
Recurring financial charges65€163€110
Profit (loss) for the period before taxes9903€81k€30k
Income taxes67/77€22k€8k
Profit (loss) for the period9904€59k€23k
Profit (loss) for the period to be appropriated9905€59k€23k
Appropriation of the result
Profit (loss) to be appropriated9906€162k€185k
Profit (loss) brought forward from the previous period14P€103k€162k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2024
02-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2023
13-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
30-04
Financial Highest result since 2019net €59k ▲153%
Operating result €81k, net result €59k, both a record.
30-04
Financial Liquidity doublescurrent ratio 4.33
Current ratio from 1.76 to 4.33; short-term debt falls from €54k to €36k.
30-04
Financial Equity above €150kEq €170k ▲53.2%
5 profitable years in a row build equity to €170k.
2022
24-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema
30-04
Financial Equity above €100kEq €111k ▲26.6%
4 profitable years in a row build equity to €111k.
2021
26-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2020
04-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 4 days late
30-04
Financial Weakest financial yearnet €3k ▼69%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2019
08-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2018
23-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 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, Ternat · 1 establishment unit since 2017
establishment The establishment unit on the map
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.

Steenvoordestraat 241740 Ternat
Ground area
675 m²
Building footprint
108 m²
Volume, LiDAR
662 m³
Parcel 23086A0632/00Z003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VECOE
Steenvoordestraat 24, 1740 TernatManufacture of metal structures and parts of structures
since 20172.260.431.580
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23086A0632/00Z003 Flanders 675 m² 1 · 108 m² 8.8 m · 2 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.

Similar companies · same sector, comparable size

Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 12,173 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded07-12-2016
Fiscal year end30-04
Activities, NACEBEL
41001General construction of residential buildings
43230Insulation installation
43240Other construction installation
43291Specialised construction activities
43299Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.