Financials
- Financial year
- 2025
- Turnover
- €49.8m
- Profit
- €147,053
- Solvency
- 5.2%
Turnover▼ 2.2%
Net result
20182025
VEGRAS
ActiveSummary
VEGRAS has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €544,004 and a net result of €147,053, of which €262,261 non-recurring income. Equity is growing by about 52% per year across the filed financial years. Its solvency ranks better than 7% of 745 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Activities of membership organisations
NACE 94200Wholesale of fruit and vegetables, excluding potatoes NACE 46319
6th largest employer in West Flanders, Membership organisations sector2 sites
Size
€49.8mturnover 2025
- Staff
- 11.3 FTE
- Equity
- €544,004
- Profit
- €147,053
Structure
- Largest shareholder
- ARDO FOODS · 25%
- Board
- 8 members
- Holdings
- 1
- Edward VercruysseChair
2025 accounts 37 days early3 of 14 deeds summarised
Why 89raises riskEquity €544,004 (5.2% of total assets)Legal form: cooperative companylowers riskSector: Activities of membership organisations (NACE 94)Figures for financial year 2025 (filed 24-06-2026)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 30% of its sector peers (NACE 94, small)
Financial strength · tick = 2024
Weak
Solvency
30+1
equity 5.2% of total assets
Liquidity
24+16
short-term debt 68.7% · cash 8.3%
Profitability
57-2
return on assets 1.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.7%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.6 percentage points vs 09-2026lowest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.09, compared with 0.9 in 2024, below the usual 1.5; short-term debt: 68.7% and cash: 8.3% of total assets), and 94.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 94, small): better than 7% on solvency, 3% on liquidity, 42% on profitability and 67% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 745 sector peers (2025).
NBB · sector comparisonPosition among 745 sector peers
Solvency
better than 7%
← 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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
35 days early
2023
43 days early
2022
21 days early
2021
38 days early
2020
11 days early
2019
53 days late
← 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 19 days before the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% 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 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Equity above €500,000equity €544,004 ▲37%
- Annual accounts filedfinancial year 2024 · full…
Key points
- Caution: Among the weakest 8% on solvencysector median 62.8% · 745 companies 5.2% View
- Caution: Result fell in 2025from €294,347 to €147,053 ▼ 50.0% View
- Positive: 8 profitable years in a rowprofit 2025: €147,053, mostly one-off 8 years View
- Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
By topic
Board & ownership
- Board
- 8 members
- Largest shareholder
- ARDO FOODS · 25%
- Edward VercruysseChair
- Emmanuel JadinDirector
- Christophe JollyDirector
- Roy van den CorputDirector
- Johannes KustersDirector
and 3 other directors
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 17
- Since
- 2016
- Next accounts
- by 31-07-2027
- 31-12-2024Highest result from 2018 to 2025
- 31-12-2024Equity above €200,000
- 08-11-2024Reappointments: Philip De Brabandere, Marnix Snaet and…
Company details
- Sites
- 2
- Legal form
- Cooperative company
- Activity
- Activities of membership organisationsNACE 94200
- Founded
- 10-07-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 28
- Annual meeting
- Second Friday of June at 15:00
- Purpose
- “Niet gewijzigd” (deed in Dutch)
Key facts about VEGRAS
- What is the company number of VEGRAS?
- 0556.708.239. In Belgium the VAT number is the company number with BE in front: BE 0556.708.239.
- Where is VEGRAS based?
- The registered office is at Wezestraat 61, 8850 Ardooie.Company details
- What does VEGRAS do?
- According to the KBO register, the main activity is activities of membership organisations (NACE 94200).
- What is the legal form of VEGRAS?
- Cooperative company (CV).
- When was VEGRAS founded?
- On 10-07-2014.
- Is VEGRAS still active?
- Yes, VEGRAS is an active enterprise in the KBO register.
- How many employees does VEGRAS have?
- On average 11.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VEGRAS?
- €49.8m in financial year 2025, according to the filed annual accounts.
- Is VEGRAS profitable?
- In financial year 2025, VEGRAS made a profit of €147,053.
- Where can I find the annual accounts of VEGRAS?
- VEGRAS filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VEGRAS due?
- By 31-07-2027, for financial year 2026.Timeline
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