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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).

Overview

Activity
Activity not known1 site
Size
€382,805total assets 2025
Equity
€108,656
Profit
€6,029
Turnover not published (abbreviated or micro format)
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts filed 13 days late0 of 5 deeds read
Why 91raises riskNo main activity registeredlowers riskSize: total assets €382,805Figures for financial year 2025 (filed 13-08-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 37% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Average
Solvency 53+1
equity 28.4% of total assets
Liquidity 35+1
short-term debt 52.1% · cash 9.3%
Profitability 46=
return on assets 1.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.18, compared with 0.15 in 2024; short-term debt: 52.1% and cash: 9.3% of total assets), and 71.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 32% on solvency, 20% on liquidity, 34% on profitability and 62% on growth.

The bankruptcy probability was computed on 09-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €382,805
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 13-08-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · No main activity registered
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
13 days late
2024
1 day early
2023
13 days late
2022
23 days late
2021
24 days late
2020
39 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 14 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Equity above €100,000equity €102,627 ▲6.1%

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.

Download as CSV

Public contracts: not fully processed yet. The notices from June 2017 to September 2026 are still being read.

Directors

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

VEEBEDRIJF was incorporated on 3 March 1988.1 Total assets fell from €436,228 in 2018 to €382,805 in 2025.2

  1. 1KBO (Crossroads Bank for Enterprises)
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
financial year 2025 · abbreviated format · 13 days late
2025
30-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial Equity above €100,000equity €102,627 ▲6.1%
6 profitable years in a row build equity to €102,627.
13-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 13 days late
2023
31-12
Financial Highest result from 2018 to 2025net €6,958 ▲61.2%
Operating result €19,331, net result €6,958, both a record.
23-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 23 days late
2022
24-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 24 days late
2021
22-06
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
25-06
NBB filing Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial Back to profitnet €3,033
Net result €3,033 after one loss-making year.
27-06
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
19-06
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
05-07
NBB filing Annual accounts filed
financial year 2016 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 38 annual accounts filed, the latest 10 are here; all are under Financials.
0 of 5 deeds read
About the unread acts

We know of 5 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded03-03-1988
Financial year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0433651663
Also 9925:BE0433651663

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 9 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kortemark · 1 establishment unit since 1988
registered office establishment The establishment unit on the map
Ground area
4,734 m²
Building footprint
192 m²
Building volume
643 m³
Parcel 32027B0504/00L000, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Vlaestraat 20, 8610 Kortemark
Growing of vegetables, melons, roots and tubers
since 1988unit no. 2.036.793.726
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
32027B0504/00L000 Flanders 4,733 m² 1 · 192 m² 7.4 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.