VEENGATE

Foreign entityfounded 200619 yrs activeRUE ALBERT UNDEN 156, 2652 LUXEMBOURG, LuxembourgKBO/BCE: BE 0886.031.553

Summary

For the legal form of VEENGATE, Checked does not compute a bankruptcy probability. The 2014 annual accounts show equity of €1.1m and a net result of -€2,559. Equity remains stable across the filed fiscal years (±0.3% per year). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

VEENGATEActive

Risk analysis Report Compare

Checked score

No current score

Figures too old

The available figures for FY 2014 are too old to assess current financial health.

Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.

Axes, FY 2014 · tick = 2013

Profitability37=

Solvency100=

Growth58=

Track record100

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Signals

Two signals. The signal on the left, the evidence on the right.

○neutral

No filing for years

The last filed financial year closed on 31-12-2014. Since then, 11 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 8 filings

Position against the passed deadline

31-12-2015 close31-07-2016 deadline01-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2014 was due by 31-07-2015 and was filed on 08-05-2015, 84 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

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

History

VEENGATE was incorporated on 29 December 2006.¹ Total assets went from EUR 1.1 million in 2010 to EUR 1.1 million in 2014.²

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Financials · fiscal year 2014, abbreviated schema

Equity

€1.1m▼ 0.2%

2013 · €1.1m

Total assets

€1.1m▼ 0.3%

2013 · €1.1m

Net result

-€2,559▲ 3.7%

2013 · -€2,657

Working capital

€67,732▼ 3.8%

2012 · €70,389

Trend over the years

In euros Operating result Net result Equity Total assets Debt Working capital

In euros

No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20102011201220132014

Operating result-€2,817--€3,329▼ 18.2%-€3,913▼ 17.5%-€2,806▲ 28.3%-€2,559▲ 8.8%

Net result-€2,817--€3,329▼ 18.2%-€3,913▼ 17.5%-€2,657▲ 32.1%-€2,559▲ 3.7%

Equity€1.1m-€1.1m▼ 0.3%€1.1m▼ 0.3%€1.1m▼ 0.2%€1.1m▼ 0.2%

Total assets€1.1m-€1.1m=€1.1m▼ 0.6%€1.1m▼ 0.2%€1.1m▼ 0.3%

Debt€3,132€448▼ 85.7%€373▼ 16.7%

Working capital€74,303€70,389▼ 5.3%€67,732▼ 3.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €2,559 in 2014 against €2,806 in 2013; the loss shrinks.

Balance-sheet composition

2014 in colour, 2013 as the grey bar beneath

Assets €1.1m

94.2%

Fixed assets €1.1m =

Current assets €65,173 ▼ 4.3%

Key figures and ratios

2014 value · change against 2013

Solvency

100.0%=

2013 · 100.0%

ROE

-0.2%▲

2013 · -0.2%

ROA

-0.2%▲

2013 · -0.2%

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2014 against 2013 · 18 lines

Balance sheet Code20132014

Assets

Total assets20/58€1.1m€1.1m▼

Fixed assets21/28€1.1m€1.1m=

Tangible fixed assets22/27€1.1m€1.1m=

Current assets29/58€68,105€65,173▼

Amounts receivable within one year40/41€68,105€65,173▼

Equity and liabilities

Total equity and liabilities10/49€1.1m€1.1m▼

Equity10/15€1.1m€1.1m▼

Contributions10/11€1.1m€1.1m=

Profit (loss) carried forward14-€25,838-€28,397▼

Amounts payable17/49€373-

Amounts payable within one year42/48€373-

Trade debts44€373-

Income statement Code20132014

Gross operating margin9900-€2,636-€2,442▲

Operating profit (loss)9901-€2,806-€2,559▲

Recurring financial income75€149-

Profit (loss) for the period before taxes9903-€2,657-€2,559▲

Profit (loss) for the period9904-€2,657-€2,559▲

Profit (loss) for the period to be appropriated9905-€2,657-€2,559▲

Line	2010	2011	2012	2013	2014	Change
Gross operating margin9900	-€2,540	-€3,052	-€3,833	-€2,636	-€2,442	▲ 7.3%
Operating profit (loss)9901	-€2,817	-€3,329	-€3,913	-€2,806	-€2,559	▲ 8.8%
Recurring financial income75	-	-	-	€149	-	-
Profit (loss) for the period before taxes9903	-€2,817	-€3,329	-€3,913	-€2,657	-€2,559	▲ 3.7%
Profit (loss) for the period9904	-€2,817	-€3,329	-€3,913	-€2,657	-€2,559	▲ 3.7%
Profit (loss) for the period to be appropriated9905	-€2,817	-€3,329	-€3,913	-€2,657	-€2,559	▲ 3.7%

Line	2010	2011	2012	2013	2014	Change
Assets
Total assets20/58	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 0.3%
Fixed assets21/28	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	=
Tangible fixed assets22/27	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	=
Current assets29/58	€77,632	€77,435	€70,837	€68,105	€65,173	▼ 4.3%
Amounts receivable within one year40/41	€77,632	€77,435	€70,837	€68,105	€65,173	▼ 4.3%
Equity and liabilities
Total equity and liabilities10/49	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 0.3%
Equity10/15	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 0.2%
Contributions10/11	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	=
Profit (loss) carried forward14	-€15,938	-€19,267	-€23,181	-€25,838	-€28,397	▼ 9.9%
Amounts payable17/49	-	€3,132	€448	€373	-	-
Amounts payable within one year42/48	-	€3,132	€448	€373	-	-
Trade debts44	-	€145	€448	€373	-	-

Line	2010	2011	2012	2013	2014	Change
Profit (loss) for the period9904	-€2,817	-€3,329	-€3,913	-€2,657	-€2,559	▲ 3.7%
Operating cash flow (approximation)	-€2,817	-€3,329	-€3,913	-€2,657	-€2,559	▲ 3.7%
Investment in fixed assets (approximation)	-	€0	€0	€0	€0	-

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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Timeline · acts, filings and financial milestones

All 10Financial 2Filings 8

2015

08-05

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema

2014

04-06

NBB filing Annual accounts filed

fiscal year 2013 · abbreviated schema

2013

30-08

NBB filing Annual accounts filed

fiscal year 2012 · abbreviated schema · 30 days late

2012

31-12

Financial Weakest financial yearnet -€3,913

Net result drops to -€3,913, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity times 6current ratio 158.15

Current ratio from 24.72 to 158.15; short-term debt falls from €3,132 to €448.

20-07

NBB filing Annual accounts filed

fiscal year 2011 · abbreviated schema

2011

24-08

NBB filing Annual accounts filed

fiscal year 2010 · abbreviated schema · 24 days late

2010

01-06

NBB filing Annual accounts filed

fiscal year 2009 · abbreviated schema

2009

04-06

NBB filing Annual accounts filed

fiscal year 2008 · abbreviated schema

2008

08-09

NBB filing Annual accounts filed

fiscal year 2007 · abbreviated schema · 39 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 5 acts read

About the unread acts

We know of 5 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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Company details

Identification

Legal formForeign entity

Founded29-12-2006

Fiscal year end31-12

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

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

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