VEEG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VEEG CONSTRUCT is 2.0% (moderate). The 2025 annual accounts show equity of €4k and a net result of €39k. Equity is shrinking by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 7500 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+21
Solvency31▼-1
Growth72▲+17
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
6.1%
Return on assets
55.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
43 d late
2023
22 d late
2022
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€343k▲ 113%
2022 · €161k
2022: €161k
2023: €343k▲ +113% vs 2022
2022 → 2023
EBIT margin
2.2%▼ 23.0pp
2022 · 25.2%
2022: 25.2%
2023: 2.2%▼ -91.4% vs 2022
2022 → 2023
Net result
€39k▲ 520%
2024 · €6k
2022: €32k
2023: €5k▼ -85.8% vs 2022lowest in 4 years
2024: €6k▲ +35.8% vs 2023
2025: €39k▲ +520% vs 2024highest in 4 years
2022 → 2025
Working capital
€806
2024 · €-1k
2022: €-18klowest in 4 years
2023: €-643▲ +96.5% vs 2022
2024: €-1k▼ -106% vs 2023
2025: €806▲ +161% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€161k-€343k▲ 113%
2022: €161k
2023: €343k▲ +113% vs 2022
Equity€35k-€39k▲ 13.2%€6k▼ 85.7%€4k▼ 24.1%
2022: €35k
2023: €39k▲ +13.2% vs 2022highest in 4 years
2024: €6k▼ -85.7% vs 2023
2025: €4k▼ -24.1% vs 2024lowest in 4 years
Operating result€41k-€7k▼ 81.8%€8k▲ 2.4%€58k▲ 662%
2022: €41k
2023: €7k▼ -81.8% vs 2022lowest in 4 years
2024: €8k▲ +2.4% vs 2023
2025: €58k▲ +662% vs 2024highest in 4 years
Net result€32k-€5k▼ 85.8%€6k▲ 35.8%€39k▲ 520%
2022: €32k
2023: €5k▼ -85.8% vs 2022lowest in 4 years
2024: €6k▲ +35.8% vs 2023
2025: €39k▲ +520% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 662% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€3k ▼ 50.2%
Current assets
€66k ▼ 3.2%
Equity and liabilities €70k
Equity
€4k ▼ 24.1%
Debt
€65k ▼ 6.2%
Debt's share of the balance-sheet total rises from 92.5% to 93.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€60k▲
2024 · €21k
Cash flow
€41k▲
2024 · €19k
Current ratio
1.01▲
2024 · 0.98
Debt to equity
15.28▲
2024 · 12.36
ROE
904.8%▲
2024 · 110.7%
ROA
55.6%▲
2024 · 8.3%
Interest coverage
1125.15▲
2024 · 58.62
Debt ≤ 1 year
€65k▼
2024 · €70k
Income taxes
€19k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€75k€70k▼
Fixed assets21/28€7k€3k▼
Tangible fixed assets22/27€7k€3k▼
Furniture and vehicles24€7k€3k▼
Financial fixed assets28€200€200=
Current assets29/58€68k€66k▼
Amounts receivable within one year40/41€22k€45k▲
Trade receivables40€16k€36k▲
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€43k€17k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€75k€70k▼
Equity10/15€6k€4k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€3k€2k▼
Amounts payable17/49€70k€65k▼
Amounts payable within one year42/48€70k€65k▼
Trade debts44€18k€3k▼
Suppliers440/4€18k€3k▼
Taxes, remuneration and social security45€8k€22k▲
Taxes450/3€8k€22k▲
Other amounts payable47/48€44k€40k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€2k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€605
Gross operating margin9900€23k€63k▲
Operating profit (loss)9901€8k€58k▲
Financial income75/76B€264-
Recurring financial income75€264-
Financial charges65/66B€353€53▼
Recurring financial charges65€353€53▼
Profit (loss) for the period before taxes9903€8k€58k▲
Income taxes67/77€1k€19k▲
Profit (loss) for the period9904€6k€39k▲
Profit (loss) for the period to be appropriated9905€6k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€42k▼
Profit (loss) brought forward from the previous period14P€37k€3k▼
Profit to be distributed694/7€40k€40k=
Return on contributions (dividend)694€40k€40k=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €161k | €343k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €112k | €324k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €13k | €13k | €2k | ▼ 85.6% |
| Other operating charges640/8 | €802 | €2k | €2k | €3k | ▲ 44.1% |
| Non-recurring operating charges66A | - | - | - | €605 | - |
| Gross operating margin9900 | €53k | €22k | €23k | €63k | ▲ 179% |
| Operating profit (loss)9901 | €41k | €7k | €8k | €58k | ▲ 662% |
| Financial income75/76B | €0 | - | €264 | - | - |
| Recurring financial income75 | €0 | - | €264 | - | - |
| Financial charges65/66B | €49 | €145 | €353 | €53 | ▼ 84.9% |
| Recurring financial charges65 | €49 | €145 | €353 | €53 | ▼ 84.9% |
| Profit (loss) for the period before taxes9903 | €41k | €7k | €8k | €58k | ▲ 671% |
| Income taxes67/77 | €8k | €3k | €1k | €19k | ▲ 1,408% |
| Profit (loss) for the period9904 | €32k | €5k | €6k | €39k | ▲ 520% |
| Profit (loss) for the period to be appropriated9905 | €32k | €5k | €6k | €39k | ▲ 520% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63k | €48k | €75k | €70k | ▼ 7.6% |
| Fixed assets21/28 | €53k | €40k | €7k | €3k | ▼ 50.2% |
| Tangible fixed assets22/27 | €33k | €20k | €7k | €3k | ▼ 51.7% |
| Furniture and vehicles24 | €33k | €20k | €7k | €3k | ▼ 51.7% |
| Financial fixed assets28 | €20k | €20k | €200 | €200 | = |
| Current assets29/58 | €10k | €8k | €68k | €66k | ▼ 3.2% |
| Amounts receivable within one year40/41 | €5k | €4k | €22k | €45k | ▲ 100.0% |
| Trade receivables40 | €3k | €1k | €16k | €36k | ▲ 126% |
| Other amounts receivable41 | €2k | €2k | €6k | €9k | ▲ 37.6% |
| Cash at bank and in hand54/58 | €1k | €1k | €43k | €17k | ▼ 60.6% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €4k | ▲ 63.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63k | €48k | €75k | €70k | ▼ 7.6% |
| Equity10/15 | €35k | €39k | €6k | €4k | ▼ 24.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €32k | €37k | €3k | €2k | ▼ 43.4% |
| Amounts payable17/49 | €28k | €9k | €70k | €65k | ▼ 6.2% |
| Amounts payable within one year42/48 | €28k | €9k | €70k | €65k | ▼ 6.2% |
| Trade debts44 | €2k | €5k | €18k | €3k | ▼ 84.3% |
| Suppliers440/4 | €2k | €5k | €18k | €3k | ▼ 84.3% |
| Taxes, remuneration and social security45 | €8k | €3k | €8k | €22k | ▲ 194% |
| Taxes450/3 | €8k | €3k | €8k | €22k | ▲ 194% |
| Other amounts payable47/48 | €17k | €624 | €44k | €40k | ▼ 8.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €5k | €6k | €39k | ▲ 520% |
| + Depreciation and write-downs630 | €11k | €13k | €13k | €2k | ▼ 85.6% |
| Operating cash flow (approximation) | €43k | €18k | €19k | €41k | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €20k | €2k | ▼ 92.0% |
| Change in cash | - | €-242 | €42k | €-26k | ▼ 162% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €39k ▲520%
Operating result €58k, net result €39k, both a record.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €5k ▼85.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Overijse · 1 establishment unit since 2022
Ground area
2,715 m²
Building footprint
449 m²
Volume, LiDAR
5,863 m³
2 parcels, Brussels, Flanders · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.
311
companies at this address
See who is registered here
1 establishment unit
VEEG CONSTRUCT
since 20222.323.974.302
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
| 21492B0096/00C000 | Brussels | 781 m² | 1 · 251 m² | 22.5 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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JH CONSTRUCTIV
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SIJCO
BE 1012.362.571
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PORIGNAUX Benoît
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 5,845 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
Founded04-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
81300Landscape service activities
Contact
Phone
+32484718992Koekelberg
Scores and ratios are computed by Checked and are not a credit decision.