Equity
€156,376 ▲ 1.0%
VEEP paid out €80,000 in dividends. That is 98% of the 2025 profit.
VEEP
Lifetime
19 annual accounts with figures on one time axispeak €621,205 (2022)
€401,125▲ 52.5%
lowest -€68,942 (2007)
€81,553▲ 761%
peak €307,642 (2017)
€156,376▲ 1.0%
€956,277▼ 7.9%
peak 6 FTE (2014)
2.9 FTE▲ 3.6%
Board3 names since 2019
1 directorSFA CONCEPT
Owners2 names in the annual accounts
76.93%VEEP HOLDING and 1 other
Documentsfilings and deeds
08-05-202684 days before the deadline
2025financial year
Gross margin from €262,961 to €401,125Result from €9,469 to €81,553Dividend €80,000Cash from €152,317 to €103,575
Key points
from the 2025 annual accountsResult
€81,553 ▲ 761%
The result rose in 2025 from €9,469 to €81,553.
Debts
€956,277 86% of the balance sheet
Financial debts 49%Suppliers 4%Taxes and wages 8%Other 39%
€549,354 of the debts are secured on the company's own assets. In 2021 that was €832,563.
Staff
2.9 FTE from 6 in 2014
Between 2014 and 2025, 52% of the full-time equivalents disappeared.
Filings
19 annual accounts since 2007
Two of the last ten came late. The 2016 accounts came latest: 14 days after the end of the period.
Position in the sector
14.1%
Lower solvency than 84% of companies in specialised construction. Sector median 42.4% · 2,463 companies.
Checked score
80
Excellent
Financially stronger than 35% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.6%▲ +0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025highest value
07-2025: 0.5%▼ -0.1 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €156,376 (14.1% of total assets)
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: 2.9 FTE, total assets €1.1m
Figures for financial year 2025 (filed on 08-05-2026)
Calculation
The band follows from the bankruptcy probability. 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 (NACE 43, micro). It does better than 17% of them on solvency, 30% on liquidity, 55% on profitability and 38% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as VEEP has now. Each dot stands for 10 companies, two years later.
95.0%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VEEP itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for VEEP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.68 (0.71 in 2024), below 1. Short-term debt is 43.5% and cash 9.3% of total assets. 85.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2463 sector peers (2025).
NBB · sector comparisonPosition among 2463 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 days early
2024
57 days early
2023
2 days late
2022
on the day
2021
on the day
2020
3 days early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed 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 31 July (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VEEP HOLDING 76.93%score 92equity €1.9m (2025) · 2025 annual accounts of VEEP HOLDING
- SFA CONCEPT 23.07%score 89equity €103,041 (2025) · 2025 annual accounts of SFA CONCEPT
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0883587153
Resignation: Gauthier VAN PARYS (director)
Appointment: SFA CONCEPT (director) · Director discharge: Gauthier VAN PARYS · General meeting of 10-10-2024 · Gazette deed
Change of role: VAN PARYS Gauthier, from manager to director
Permanent representative: VAN PARYS Gauthier · actionnaire unique holds all the shares · Gazette deed
Resignation: Bernard VAN PARYS (manager)
Director discharge: Bernard VAN PARYS (manager) · General meeting of 15-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VEEP Namur | €1.1m | €401,125 | 14.1% | 2.9 |
| AZUR CONFORT BL & CO Assesse | €1.2m | €386,865 | 84.9% | 3.6 |
| RUYSSCHAERT BRUGGE Bruges | €1.1m | €402,226 | 53.1% | 3.4 |
| Herman Van Mileghem Meise | €1.1m | €487,507 | 62.9% | 2.8 |
| METALOX Beveren-Kruibeke-Zwijndrecht | €1.0m | €419,842 | 43.7% | 3.2 |
| HUYSAFWERKING HUYSKENS Kapellen | €0.9m | €408,136 | 21.3% | 3.2 |
| VAN CAUWENBERGE Wetteren | €0.9m | €373,074 | 65.8% | 2.8 |
These companies have the same main activity as VEEP: joinery installation (NACE 43320). They are comparable in size and age: total assets between €932,000 and €1.2m, founded between 2002 and 2009.
Official details
Source: KBO- Status
- Active since 14-09-2006Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Joint committee
- 201Independent retail · annual accounts 2024
- Establishment unit
- 2.156.259.9165100 Namur, since 14-09-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €1.2mestimated
- €1.1m▼ 6.7%
- Employeeson 31-12-2025
- 4▲ 100%
- Filing
- Filed on 08-05-2026, 84 days before the end of the filing period
Insights on VEEP
VEEP has existed since 2006. In 2008 the gross margin rose from €30,222 to €232,312 and staff from 1.9 to 2.9 full-time equivalents.
VEEP HOLDING holds 76.93% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VEEP
- What is the company number of VEEP?
- The company number of VEEP is 0883.587.153. The VAT number is the same number with BE in front: BE 0883.587.153.
- Where is VEEP based?
- The registered office is at Chaussée de Marche 879, 5100 Namur.Company details
- What does VEEP do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of VEEP?
- VEEP is a private limited company (BV).
- When was VEEP founded?
- VEEP was founded on 14-09-2006.
- Is VEEP still active?
- Yes, VEEP is an active enterprise in the KBO register.
- How many employees does VEEP have?
- VEEP had an average of 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VEEP fall under?
- In its 2024 annual accounts, VEEP states joint committee 201 (Independent retail).
- What is the turnover of VEEP?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €401,125 and 39 comparable companies (NACE 433). It probably lies between €870,000 and €1.5m.
- Is VEEP profitable?
- In financial year 2025, VEEP made a profit of €81,553.
- Where can I find the annual accounts of VEEP?
- VEEP filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VEEP due?
- VEEP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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