VEEP TWO

Inactive

Private limited companyfounded 1996Chaussée de Marche(NN) 879, 5100 Namur, BelgiumKBO/BCE: BE 0458.448.130

Inactive since 09-07-2026; last annual accounts for fiscal year 2025.

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VEEP TWOInactive

Report

Signals

1 signal. The signal on the left, the evidence on the right.

○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 30-04-2026, 92 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

92 d early

2024

37 d early

2023

on the day

2022

5 d early

2021

on the day

2020

3 d early

2019

on the day

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed 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

VEEP TWO was incorporated on 2 August 1996.¹ The company has filed 29 sets of annual accounts, the latest for fiscal year 2025.² In 2026 the company was absorbed by merger into VEEP HOLDING.³

Go further with this company

Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Retail sale of household furniture sector doing?Sector figures

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€17,549

2024 · -€27,199

Working capital

€66,164▲ 51.0%

2024 · €43,808

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €12,980 after a loss of €33,373 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €85,672

11%

88.7%

Fixed assets €9,702 ▼ 40.5%

Current assets €75,971 ▼ 64.4%

Equity and liabilities €85,672

88.6%

11%

Equity €75,866 ▲ 30.1%

Debt €9,806 ▼ 94.3%

Debt's share of the balance-sheet total falls from 74.6% to 11.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€15,655▲

2024 · -€29,882

Cash flow

€20,223▲

2024 · -€23,707

Debt to equity

0.13▼

2024 · 2.94

ROE

23.1%▲

2024 · -46.6%

Interest coverage

12.85▲

2024 · -11.18

Debt ≤ 1 year

€9,806▼

2024 · €169,811

Income taxes

€87▼

2024 · €395

Staff costs

€12,474▼

2024 · €78,741

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 · 2025 against 2024 · 53 lines

Balance sheet Code20242025

Assets

Total assets20/58€229,929€85,672▼

Fixed assets21/28€16,309€9,702▼

Tangible fixed assets22/27€14,185€9,702▼

Plant, machinery and equipment23€1,765-

Furniture and vehicles24€8,111€5,980▼

Other tangible fixed assets26€4,309€3,721▼

Financial fixed assets28€2,124-

Current assets29/58€213,619€75,971▼

Amounts receivable after more than one year29-€17,799

Other amounts receivable291-€17,799

Stocks and contracts in progress3€50,525-

Stocks30/36€50,525-

Amounts receivable within one year40/41€123,447€48,935▼

Trade receivables40€32,904€3,080▼

Other amounts receivable41€90,543€45,856▼

Cash at bank and in hand54/58€39,647€9,236▼

Equity and liabilities

Total equity and liabilities10/49€229,929€85,672▼

Equity10/15€58,318€75,866▲

Contributions10/11€26,618€26,618=

Reserves13€31,699€49,248▲

Non-distributable reserves130/1€7,437€7,437=

Reserves not available under the articles1311€7,437€7,437=

Distributable reserves133€24,262€41,811▲

Amounts payable17/49€171,611€9,806▼

Amounts payable within one year42/48€169,811€9,806▼

Trade debts44€79,561€9,728▼

Suppliers440/4€79,561€9,728▼

Advances received on contracts in progress46€89,280-

Taxes, remuneration and social security45€374€78▼

Taxes450/3€374€78▼

Other amounts payable47/48€596-

Accrued charges and deferred income492/3€1,800-

Income statement Code20242025

Remuneration, social security and pensions62€78,741€12,474▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,492€2,675▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2,133-€6,998▼

Other operating charges640/8€1,902€8,743▲

Non-recurring operating charges66A-€1,809

Gross operating margin9900€52,895€31,683▼

Operating profit (loss)9901-€33,373€12,980▲

Financial income75/76B€11,483€5,884▼

Recurring financial income75€11,483€5,884▼

Financial charges65/66B€4,914€1,228▼

Recurring financial charges65€2,672€1,218▼

Non-recurring financial charges66B€2,241€10▼

Profit (loss) for the period before taxes9903-€26,804€17,636▲

Income taxes67/77€395€87▼

Profit (loss) for the period9904-€27,199€17,549▲

Profit (loss) for the period to be appropriated9905-€27,199€17,549▲

Appropriation of the result

Profit (loss) to be appropriated9906-€27,199€17,549▲

Transfer from equity791/2€27,199-

Transfer to equity691/2-€17,549

To other reserves6921-€17,549

Social balance

Average headcount (FTE)90871.61.0▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€102,285	€128,302	€111,274	€78,741	€12,474	▼ 84.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€3,748	€3,991	€3,966	€3,492	€2,675	▼ 23.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€747	-€5,426	-€1,359	€2,133	-€6,998	▼ 428%
Other operating charges640/8	€1,797	€1,839	€1,864	€1,902	€8,743	▲ 360%
Non-recurring operating charges66A	-	-	-	-	€1,809	-
Gross operating margin9900	€166,090	€41,079	€105,857	€52,895	€31,683	▼ 40.1%
Operating profit (loss)9901	€57,513	-€87,628	-€9,888	-€33,373	€12,980	▲ 139%
Financial income75/76B	€12,698	€9,965	€13,543	€11,483	€5,884	▼ 48.8%
Recurring financial income75	€12,698	€9,965	€13,543	€11,483	€5,884	▼ 48.8%
Financial charges65/66B	€2,962	€1,479	€3,590	€4,914	€1,228	▼ 75.0%
Recurring financial charges65	€2,962	€1,455	€3,082	€2,672	€1,218	▼ 54.4%
Non-recurring financial charges66B	-	€24	€507	€2,241	€10	▼ 99.6%
Profit (loss) for the period before taxes9903	€67,249	-€79,142	€66	-€26,804	€17,636	▲ 166%
Income taxes67/77	€19,336	€362	€391	€395	€87	▼ 77.9%
Profit (loss) for the period9904	€47,913	-€79,503	-€325	-€27,199	€17,549	▲ 165%
Profit (loss) for the period to be appropriated9905	€47,913	-€79,503	-€325	-€27,199	€17,549	▲ 165%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€483,206	€366,556	€321,836	€229,929	€85,672	▼ 62.7%
Fixed assets21/28	€8,943	€11,332	€17,801	€16,309	€9,702	▼ 40.5%
Tangible fixed assets22/27	€8,819	€11,208	€17,677	€14,185	€9,702	▼ 31.6%
Plant, machinery and equipment23	€8,404	€5,346	€2,415	€1,765	-	-
Furniture and vehicles24	€415	€377	€10,365	€8,111	€5,980	▼ 26.3%
Other tangible fixed assets26	-	€5,485	€4,897	€4,309	€3,721	▼ 13.6%
Financial fixed assets28	€124	€124	€124	€2,124	-	-
Current assets29/58	€474,263	€355,224	€304,035	€213,619	€75,971	▼ 64.4%
Amounts receivable after more than one year29	-	-	-	-	€17,799	-
Other amounts receivable291	-	-	-	-	€17,799	-
Stocks and contracts in progress3	€46,785	€64,259	€45,403	€50,525	-	-
Stocks30/36	€46,785	€64,259	€45,403	€50,525	-	-
Amounts receivable within one year40/41	€221,620	€140,258	€143,123	€123,447	€48,935	▼ 60.4%
Trade receivables40	€104,620	€46,004	€50,310	€32,904	€3,080	▼ 90.6%
Other amounts receivable41	€117,001	€94,254	€92,813	€90,543	€45,856	▼ 49.4%
Cash at bank and in hand54/58	€204,555	€147,931	€112,381	€39,647	€9,236	▼ 76.7%
Deferred charges and accrued income490/1	€1,304	€2,776	€3,129	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€483,206	€366,556	€321,836	€229,929	€85,672	▼ 62.7%
Equity10/15	€165,345	€85,842	€85,516	€58,318	€75,866	▲ 30.1%
Contributions10/11	€26,618	€26,618	€26,618	€26,618	€26,618	=
Reserves13	€138,727	€59,223	€58,898	€31,699	€49,248	▲ 55.4%
Non-distributable reserves130/1	€7,437	€7,437	€7,437	€7,437	€7,437	=
Reserves not available under the articles1311	€7,437	€7,437	€7,437	€7,437	€7,437	=
Distributable reserves133	€131,290	€51,786	€51,461	€24,262	€41,811	▲ 72.3%
Amounts payable17/49	€317,861	€280,715	€236,320	€171,611	€9,806	▼ 94.3%
Amounts payable within one year42/48	€316,061	€278,915	€234,520	€169,811	€9,806	▼ 94.2%
Trade debts44	€47,845	€57,975	€62,361	€79,561	€9,728	▼ 87.8%
Suppliers440/4	€47,845	€57,975	€62,361	€79,561	€9,728	▼ 87.8%
Advances received on contracts in progress46	€201,925	€194,449	€133,286	€89,280	-	-
Taxes, remuneration and social security45	€21,291	€20,510	€30,500	€374	€78	▼ 79.2%
Taxes450/3	€8,541	€7,465	€9,068	€374	€78	▼ 79.2%
Remuneration and social security454/9	€12,749	€13,045	€21,432	-	-	-
Other amounts payable47/48	€45,000	€5,981	€8,373	€596	-	-
Accrued charges and deferred income492/3	€1,800	€1,800	€1,800	€1,800	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€47,913	-€79,503	-€325	-€27,199	€17,549	▲ 165%
+ Depreciation and write-downs630	€3,748	€3,991	€3,966	€3,492	€2,675	▼ 23.4%
Operating cash flow (approximation)	€51,661	-€75,513	€3,640	-€23,707	€20,223	▲ 185%
Investment in fixed assets (approximation)	-	-€6,380	-€10,434	-€2,000	€3,933	▲ 297%
Change in cash	-	-€56,623	-€35,551	-€72,734	-€30,411	▲ 58.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

All 17Financial 5Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

09-06

State Gazette act Restructuring · End & cessation

Merger · Shareholding · Power of attorney19 facts ▸

Other statement, unanimité, PREMIERE RESOLUTION - PROJET DE FUSION
Other statement, unanimité, DEUXIEME RESOLUTION - CONSTATATION
Merger, articles 12:13 et 12:55 CSA;article 12:57 CSA, unanimité
Shareholding, VEEP HOLDING
Other statement, unanimité, QUATRIEME RESOLUTION - AUTRES DISPOSITIONS
Other statement, unanimité, décision objet troisième résolution
Other statement, unanimité, SIXIEME RESOLUTION - DESCRIPTION DU PATRIMOINE
Other statement, propriété_jouissance_risques_charges, impôts_contributions_taxes_primes_assurances_charges_ordinaires_extraordinaires
Other statement, succession_TVA
Other statement, vices_construction_usure_mauvais_état_erreur_désignation_contenance_insolvabilité_débiteurs, état_biens_sans_recours
Other statement, transfert dettes plein droit, paiement_passif_intérêts_remboursement_dettes_emprunts_aux_échéances
Other statement, maintien_sûretés_accessoires, réelles_personnelles_légales_conventionnelles
+7 further facts in this act

30-04

NBB filing Annual accounts filed

fiscal year 2025 · full schema

25-03

State Gazette act Restructuring

Merger · Accounting effect · Power of attorney5 facts ▸

Board meeting, 24/02/2026
Merger, VEEP HOLDING SRL
Accounting effect, 01/01/2026
Power of attorney, Gauthier VAN PARYS
Power of attorney, Gauthier VAN PARYS

2025

31-12

Financial Back to profitnet €17,549

Net result €17,549 after 3 loss-making years.

31-12

Financial Liquidity times 6current ratio 7.75

Current ratio from 1.26 to 7.75; short-term debt falls from €169,811 to €9,806.

24-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

26-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Weakest financial yearnet -€79,503

Net result drops to -€79,503, the lowest in the series.

31-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €51,765 ▲1,371%

Operating result €61,086, net result €51,765, both a record.

Show earlier events

31-12

Financial Equity above €150,000Eq €162,432 ▲46.8%

3 profitable years in a row build equity to €162,432.

31-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 14 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

2 of 8 acts read

About the unread acts

Of the 8 Belgian State Gazette acts we know for this company, 2 have been read. The other 6 have not 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.

Directors · office · real estate

Directors

No directors read yet: 2 of 8 Gazette acts processed. See the function holders in the CBE →

Location & real-estate footprint

Registered office, Namur

exact location from the address register On OpenStreetMap

Ground area

1,186 m²

Parcel 92136B0019/00E000, Wallonia. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92136B0019/00E000	Wallonia	1,186 m²	-	-

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.

Articles of association

Other statement

One provision in the deed

according to the deed of 09-06-2026

Structure & network

Owners and holdings

2 owners

Chain of control

VEEP HOLDING 100%
VEEP TWO

Highest known parent: VEEP HOLDING. The sources do not say who stands above it.

Owners 2

VEEP HOLDINGparent

Sourceact 09-06-2026accounts VEEP HOLDING 2025

100%
VSQ CONSULTparent

Sourceaccounts VSQ CONSULT 2024

100%

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction

Taken over by:VEEP HOLDING

BE 0828.883.707State Gazette act of 09-06-2026 (3 acts)

Capital and shareholders

Shareholders according to the acts

Stated in the act act of 09-06-2026 ↗

VEEP HOLDING (BE 0828.883.707) all shares

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

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Company details

Identification

Legal formPrivate limited company

Founded02-08-1996

Fiscal year end31-12

Activities, NACEBEL 2025

47551Retail sale of household furniture

31002Manufacture of furniture

47540Retail sale of electrical household appliances

E-invoicing

Reachable via Peppol

Peppol ID 0208:0458448130

Registered 27-03-2026

The company is no longer active; its Peppol card can remain until its access point withdraws it.

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