VEEDEN
ActiveSummary
VEEDEN has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€100,943) and a net result of -€19,976. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 15862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability2▲+2
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 6.91 against 6.03 in 2023; short-term debt: 14.1% and cash: 2.1% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-68.1%
Return on assets
-13.5%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€100,943
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
27 d late
2022
33 d early
2021
11 d early
2020
17 d late
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#7 oldest company in Bertem, Wholesale and retail trade sector
Equity
-€100,943▼ 24.7%
2023 · -€80,967
Total assets
€148,130▲ 9.6%
2023 · €135,184
Net result
-€19,976▲ 14.9%
2023 · -€23,465
Working capital
€123,635▲ 13.5%
2023 · €108,957
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result-€644▲ 98.5%€14,481€11,296▼ 22.0%-€14,631-€11,847▲ 19.0%
Net result-€3,546below the sector's middle half▲ 92.4%€11,461within the sector's middle half€7,609within the sector's middle half▼ 33.6%-€23,465below the sector's middle half-€19,976below the sector's middle half▲ 14.9%
Equity-€76,572below the sector's middle half▼ 4.9%-€65,111below the sector's middle half▲ 15.0%-€57,502below the sector's middle half▲ 11.7%-€80,967below the sector's middle half▼ 40.8%-€100,943below the sector's middle half▼ 24.7%
Total assets€137,680within the sector's middle half▼ 7.4%€169,458within the sector's middle half▲ 23.1%€170,950within the sector's middle half▲ 0.9%€135,184within the sector's middle half▼ 20.9%€148,130within the sector's middle half▲ 9.6%
Debt€214,253▼ 3.3%€234,569▲ 9.5%€228,452▼ 2.6%€216,151▼ 5.4%€249,073▲ 15.2%
Working capital€122,224▼ 11.9%€155,152▲ 26.9%€149,723▼ 3.5%€108,957▼ 27.2%€123,635▲ 13.5%
Solvency-55.6%below the sector's middle half▼ 6.5pp-38.4%below the sector's middle half▲ 17.2pp-33.6%below the sector's middle half▲ 4.8pp-59.9%below the sector's middle half▼ 26.3pp-68.1%below the sector's middle half▼ 8.3pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,847 in 2024 against €14,631 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,130
Fixed assets
€3,586 ▼ 21.8%
Current assets
€144,544 ▲ 10.7%
Key figures and ratios
EBITDA
-€10,847▲
2023 · -€14,116
Cash flow
-€18,976▲
2023 · -€22,949
Current ratio
6.91▲
2023 · 6.03
Quick ratio
0.37▼
2023 · 0.75
Debt to equity
-2.47▲
2023 · -2.67
ROA
-13.5%▲
2023 · -17.4%
Interest coverage
-1.36▲
2023 · -1.68
Debt ≤ 1 year
€20,909▼
2023 · €21,642
Debt > 1 year
€228,164▲
2023 · €194,509
Income taxes
€530▲
2023 · €450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 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 6,640 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €652 | €652 | €163 | €515 | €1,000 | ▲ 94.1% |
| Other operating charges640/8 | - | €4,210 | €4,236 | €4,135 | €4,853 | ▲ 17.3% |
| Gross operating margin9900 | €4,460 | €19,343 | €15,694 | -€9,981 | -€5,994 | ▲ 39.9% |
| Operating profit (loss)9901 | -€644 | €14,481 | €11,296 | -€14,631 | -€11,847 | ▲ 19.0% |
| Financial income75/76B | - | €2 | €133 | €2 | €368 | ▲ 17,410% |
| Recurring financial income75 | €1 | €2 | €133 | €2 | €368 | ▲ 17,410% |
| Financial charges65/66B | - | €2,566 | €3,334 | €8,385 | €7,967 | ▼ 5.0% |
| Recurring financial charges65 | €2,556 | €2,566 | €3,334 | €8,385 | €7,967 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | -€3,199 | €11,918 | €8,096 | -€23,014 | -€19,446 | ▲ 15.5% |
| Income taxes67/77 | €347 | €457 | €486 | €450 | €530 | ▲ 17.8% |
| Profit (loss) for the period9904 | -€3,546 | €11,461 | €7,609 | -€23,465 | -€19,976 | ▲ 14.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,546 | €11,461 | €7,609 | -€23,465 | -€19,976 | ▲ 14.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,680 | €169,458 | €170,950 | €135,184 | €148,130 | ▲ 9.6% |
| Fixed assets21/28 | €916 | €264 | €101 | €4,586 | €3,586 | ▼ 21.8% |
| Tangible fixed assets22/27 | €815 | €163 | - | €4,485 | €3,485 | ▼ 22.3% |
| Plant, machinery and equipment23 | - | €163 | - | €4,485 | €3,485 | ▼ 22.3% |
| Financial fixed assets28 | €101 | €101 | €101 | €101 | €101 | = |
| Current assets29/58 | €136,765 | €169,194 | €170,849 | €130,598 | €144,544 | ▲ 10.7% |
| Stocks and contracts in progress3 | €77,571 | €119,469 | €113,997 | €114,455 | €136,811 | ▲ 19.5% |
| Stocks30/36 | - | €119,469 | €113,997 | €114,455 | €136,811 | ▲ 19.5% |
| Amounts receivable within one year40/41 | €9,504 | €26,878 | €40,192 | €7,595 | €4,665 | ▼ 38.6% |
| Trade receivables40 | - | €26,878 | €39,810 | €6,779 | €3,537 | ▼ 47.8% |
| Other amounts receivable41 | - | - | €382 | €816 | €1,128 | ▲ 38.3% |
| Cash at bank and in hand54/58 | €49,690 | €22,847 | €16,660 | €8,548 | €3,068 | ▼ 64.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,680 | €169,458 | €170,950 | €135,184 | €148,130 | ▲ 9.6% |
| Equity10/15 | -€76,572 | -€65,111 | -€57,502 | -€80,967 | -€100,943 | ▼ 24.7% |
| Contributions10/11 | - | €34,705 | €34,705 | €34,705 | €34,705 | = |
| Reserves13 | €3,471 | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Non-distributable reserves130/1 | - | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Reserves not available under the articles1311 | - | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Profit (loss) carried forward14 | -€114,748 | -€103,287 | -€95,678 | -€119,142 | -€139,119 | ▼ 16.8% |
| Amounts payable17/49 | €214,253 | €234,569 | €228,452 | €216,151 | €249,073 | ▲ 15.2% |
| Amounts payable after more than one year17 | €199,712 | €220,527 | €207,326 | €194,509 | €228,164 | ▲ 17.3% |
| Financial debts170/4 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Other amounts payable178/9 | - | €95,527 | €82,326 | €69,509 | €103,164 | ▲ 48.4% |
| Amounts payable within one year42/48 | €14,541 | €14,042 | €21,126 | €21,642 | €20,909 | ▼ 3.4% |
| Trade debts44 | €12,065 | €12,017 | €20,183 | €20,705 | €19,929 | ▼ 3.7% |
| Suppliers440/4 | - | €12,017 | €20,183 | €20,705 | €19,929 | ▼ 3.7% |
| Taxes, remuneration and social security45 | - | €2,025 | €943 | €936 | €980 | ▲ 4.7% |
| Taxes450/3 | - | €2,025 | €943 | €936 | €980 | ▲ 4.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,546 | €11,461 | €7,609 | -€23,465 | -€19,976 | ▲ 14.9% |
| + Depreciation and write-downs630 | €652 | €652 | €163 | €515 | €1,000 | ▲ 94.1% |
| Operating cash flow (approximation) | -€2,894 | €12,113 | €7,772 | -€22,949 | -€18,976 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,000 | €0 | ▲ 100% |
| Change in cash | - | -€26,843 | -€6,188 | -€8,111 | -€5,480 | ▲ 32.4% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11,461
Net result €11,461 after 3 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€46,924
Net result drops to -€46,924, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bertem · 1 establishment unit since 1988
Ground area
1,400 m²
Building footprint
228 m²
Volume, LiDAR
142 m³
Parcel 24009A0174/00D000, Flanders · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VEEDEN
since 19882.037.181.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24009A0174/00D000 | Flanders | 1,400 m² | 1 · 228 m² | 7.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBertem2.037.181.627
Similar companies · same sector and region
VEEHANDEL PUTSEYS
BE 0879.367.950
Bertem
ACR Equiconsult
BE 0778.420.644
Bilzen-Hoeselt
AD EQUINE
BE 0765.390.970
Peer
Alexander De Vrindt Equestrian
BE 0788.358.293
Lommel
Alterna
BE 0432.881.997
Hasselt
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 943 companies in sector 46231 we hold annual accounts for 421. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46231Wholesale of live animals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433641963
Also
9925:BE0433641963
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.