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VEEBEDRIJF

Active
Public limited companyfounded 1988active for 38 yearsVlaestraat 20, 8610 Kortemark, BelgiumKBO/BCE: BE 0433.651.663
Summary

VEEBEDRIJF has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,656 and a net result of €6,029. Equity is growing by about 4.7% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

Equity
€108,656▲ 5.9%
2024 · €102,627
Total assets
€382,805▼ 0.9%
2024 · €386,405
Net result
€6,029▲ 2.4%
2024 · €5,890
Working capital
-€163,977▲ 1.4%
2024 · -€166,281
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 1% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€18,405 2025 Net result€6,029 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€4,977-€12,911▲ 159%€10,516▼ 18.5%€12,123▲ 15.3%€15,357▲ 26.7%€19,331▲ 25.9%€18,179▼ 6.0%€18,405▲ 1.2%
Net result-€4,894-€3,033€791▼ 73.9%€2,565▲ 224%€4,317▲ 68.3%€6,958▲ 61.2%€5,890▼ 15.3%€6,029▲ 2.4%
Equity€79,074-€82,107▲ 3.8%€82,897▲ 1.0%€85,462▲ 3.1%€89,779▲ 5.1%€96,737▲ 7.7%€102,627▲ 6.1%€108,656▲ 5.9%
Total assets€436,228-€430,385▼ 1.3%€421,117▼ 2.2%€413,702▼ 1.8%€388,916▼ 6.0%€387,726▼ 0.3%€386,405▼ 0.3%€382,805▼ 0.9%
Debt€357,154-€348,278▼ 2.5%€338,220▼ 2.9%€328,240▼ 3.0%€299,136▼ 8.9%€290,989▼ 2.7%€283,778▼ 2.5%€274,150▼ 3.4%
Working capital-€159,455--€159,616▼ 0.1%-€162,251▼ 1.7%-€164,134▼ 1.2%-€166,537▼ 1.5%-€167,196▼ 0.4%-€166,281▲ 0.5%-€163,977▲ 1.4%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382,805
Fixed assets €347,220 ▼ 2.8%
Current assets €35,585 ▲ 22.0%
Equity and liabilities €382,805
Equity €108,656 ▲ 5.9%
Debt €274,150 ▼ 3.4%
Debt's share of the balance-sheet total falls from 73.4% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€28,430▲
2024 · €28,204
Cash flow
€16,054▲
2024 · €15,915
Current ratio
0.18▲
2024 · 0.15
Debt to equity
2.52▼
2024 · 2.77
ROE
5.5%▼
2024 · 5.7%
ROA
1.6%▲
2024 · 1.5%
Interest coverage
3.04▼
2024 · 3.04
Debt ≤ 1 year
€199,563▲
2024 · €195,441
Debt > 1 year
€74,587▼
2024 · €88,337
Income taxes
€3,017=
2024 · €3,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.3% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,984 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€386,405€382,805▼
Fixed assets21/28€357,245€347,220▼
Intangible fixed assets21€2,479€2,479=
Tangible fixed assets22/27€354,766€344,741▼
Land and buildings22€353,115€343,586▼
Plant, machinery and equipment23€1,651€1,156▼
Current assets29/58€29,160€35,585▲
Cash at bank and in hand54/58€29,160€35,585▲
Equity and liabilities
Total equity and liabilities10/49€386,405€382,805▼
Equity10/15€102,627€108,656▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€23,047€29,077▲
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€16,847€22,877▲
Profit (loss) carried forward14€17,579€17,579=
Amounts payable17/49€283,778€274,150▼
Amounts payable after more than one year17€88,337€74,587▼
Financial debts170/4€88,337€74,587▼
Amounts payable within one year42/48€195,441€199,563▲
Current portion of amounts payable after more than one year42€16,250€15,000▼
Trade debts44€13,615€13,456▼
Suppliers440/4€13,615€13,456▼
Taxes, remuneration and social security45€3,471€3,434▼
Taxes450/3€3,471€3,434▼
Other amounts payable47/48€162,106€167,673▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,025€10,025=
Other operating charges640/8€3,060€3,152▲
Gross operating margin9900€31,264€31,582▲
Operating profit (loss)9901€18,179€18,405▲
Financial charges65/66B€9,273€9,359▲
Recurring financial charges65€9,273€9,359▲
Profit (loss) for the period before taxes9903€8,905€9,046▲
Income taxes67/77€3,016€3,017=
Profit (loss) for the period9904€5,890€6,029▲
Profit (loss) for the period to be appropriated9905€5,890€6,029▲
Appropriation of the result
Profit (loss) to be appropriated9906€23,469€23,608▲
Profit (loss) brought forward from the previous period14P€17,579€17,579=
Transfer to equity691/2€5,890€6,029▲
To other reserves6921€5,890€6,029▲

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

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,806€11,806€11,575€10,552€9,530€9,860€10,025€10,025=
Other operating charges640/8---€2,838€2,693€2,946€3,060€3,152▲ 3.0%
Gross operating margin9900€18,902€26,864€24,565€25,513€27,580€32,137€31,264€31,582▲ 1.0%
Operating profit (loss)9901€4,977€12,911€10,516€12,123€15,357€19,331€18,179€18,405▲ 1.2%
Financial income75/76B---€477€0----
Recurring financial income75€6--€477€0----
Financial charges65/66B---€10,034€8,923€8,892€9,273€9,359▲ 0.9%
Recurring financial charges65€9,877€9,878€9,726€10,034€8,923€8,892€9,273€9,359▲ 0.9%
Profit (loss) for the period before taxes9903-€4,894€3,033€791€2,565€6,434€10,439€8,905€9,046▲ 1.6%
Income taxes67/77----€2,117€3,482€3,016€3,017=
Profit (loss) for the period9904-€4,894€3,033€791€2,565€4,317€6,958€5,890€6,029▲ 2.4%
Profit (loss) for the period to be appropriated9905-€4,894€3,033€791€2,565€4,317€6,958€5,890€6,029▲ 2.4%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€436,228€430,385€421,117€413,702€388,916€387,726€386,405€382,805▼ 0.9%
Fixed assets21/28€418,116€406,310€394,735€384,183€374,653€367,270€357,245€347,220▼ 2.8%
Intangible fixed assets21€2,479€2,479€2,479€2,479€2,479€2,479€2,479€2,479=
Tangible fixed assets22/27€415,637€403,831€392,256€381,704€372,174€364,791€354,766€344,741▼ 2.8%
Land and buildings22---€381,704€372,174€362,645€353,115€343,586▼ 2.7%
Plant, machinery and equipment23-----€2,146€1,651€1,156▼ 30.0%
Current assets29/58€18,112€24,075€26,382€29,519€14,262€20,456€29,160€35,585▲ 22.0%
Amounts receivable within one year40/41€7,500--------
Cash at bank and in hand54/58€10,612€24,075€26,382€29,519€14,262€20,456€29,160€35,585▲ 22.0%
Equity and liabilities
Total equity and liabilities10/49€436,228€430,385€421,117€413,702€388,916€387,726€386,405€382,805▼ 0.9%
Equity10/15€79,074€82,107€82,897€85,462€89,779€96,737€102,627€108,656▲ 5.9%
Contributions10/11€62,000€62,000€62,000€62,000€62,000€62,000€62,000€62,000=
Capital10---€62,000€62,000€62,000€62,000€62,000=
Issued capital100---€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€6,200€10,200€17,158€23,047€29,077▲ 26.2%
Non-distributable reserves130/1---€6,200€6,200€6,200€6,200€6,200=
Legal reserve130---€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133----€4,000€10,958€16,847€22,877▲ 35.8%
Profit (loss) carried forward14€10,874€13,907€14,697€17,262€17,579€17,579€17,579€17,579=
Amounts payable17/49€357,154€348,278€338,220€328,240€299,136€290,989€283,778€274,150▼ 3.4%
Amounts payable after more than one year17€179,587€164,587€149,587€134,587€118,337€103,337€88,337€74,587▼ 15.6%
Financial debts170/4---€134,587€118,337€103,337€88,337€74,587▼ 15.6%
Amounts payable within one year42/48€177,567€183,691€188,633€193,653€180,799€187,652€195,441€199,563▲ 2.1%
Current portion of amounts payable after more than one year42---€15,000€15,000€15,000€16,250€15,000▼ 7.7%
Trade debts44€13,259€13,259€13,369€13,259€13,259€13,259€13,615€13,456▼ 1.2%
Suppliers440/4---€13,259€13,259€13,259€13,615€13,456▼ 1.2%
Taxes, remuneration and social security45---€231€2,348€3,789€3,471€3,434▼ 1.1%
Taxes450/3---€231€2,348€3,789€3,471€3,434▼ 1.1%
Other amounts payable47/48---€165,164€150,193€155,604€162,106€167,673▲ 3.4%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€4,894€3,033€791€2,565€4,317€6,958€5,890€6,029▲ 2.4%
+ Depreciation and write-downs630€11,806€11,806€11,575€10,552€9,530€9,860€10,025€10,025=
Operating cash flow (approximation)€6,912€14,839€12,365€13,117€13,846€16,817€15,915€16,054▲ 0.9%
Investment in fixed assets (approximation)-€0€0€0€0-€2,476€0€0-
Change in cash-€13,462€2,307€3,138-€15,257€6,194€8,704€6,425▼ 26.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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