VEHACO
ActiveSummary
VEHACO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €162,137 and a net result of €23,385. Equity is growing by ~27.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+6
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 4.24 against 3.21 in 2023; short-term debt: 22.4% and cash: 74.7% of total assets), and 22.4% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
35 d early
2024
28 d late
2023
34 d early
2022
31 d early
2021
22 d late
2020
31 d early
2019
38 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 30 June (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€162,137▲ 16.9%
2023 · €138,753
Total assets
€209,062▲ 7.7%
2023 · €194,183
Net result
€23,385▲ 75.6%
2023 · €13,314
Working capital
€151,947▲ 24.7%
2023 · €121,827
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,970▼ 9.3%€22,692▼ 1.2%€58,244▲ 157%€28,170▼ 51.6%€35,950▲ 27.6%
Net result€15,996within the sector's middle half▼ 27.1%€14,371within the sector's middle half▼ 10.2%€44,263above the sector's middle half▲ 208%€13,314within the sector's middle half▼ 69.9%€23,385within the sector's middle half▲ 75.6%
Equity€66,805within the sector's middle half▲ 31.5%€81,176within the sector's middle half▲ 21.5%€125,439within the sector's middle half▲ 54.5%€138,753above the sector's middle half▲ 10.6%€162,137above the sector's middle half▲ 16.9%
Total assets€219,936within the sector's middle half▲ 9.1%€199,023within the sector's middle half▼ 9.5%€220,150within the sector's middle half▲ 10.6%€194,183within the sector's middle half▼ 11.8%€209,062within the sector's middle half▲ 7.7%
Debt€153,132▲ 1.5%€117,847▼ 23.0%€94,711▼ 19.6%€55,430▼ 41.5%€46,924▼ 15.3%
Working capital-€1,023below the sector's middle half▲ 92.5%€30,990within the sector's middle half€84,780within the sector's middle half▲ 174%€121,827above the sector's middle half▲ 43.7%€151,947above the sector's middle half▲ 24.7%
Solvency30.4%within the sector's middle half▲ 5.2pp40.8%within the sector's middle half▲ 10.4pp57.0%within the sector's middle half▲ 16.2pp71.5%above the sector's middle half▲ 14.5pp77.6%above the sector's middle half▲ 6.1pp
Current ratio0.99below the sector's middle half▲ 0.131.29within the sector's middle half▲ 0.301.91within the sector's middle half▲ 0.623.21above the sector's middle half▲ 1.304.24above the sector's middle half▲ 1.03
Return on assets (ROA)7.3%within the sector's middle half▼ 3.6pp7.2%within the sector's middle half▼ 0.1pp20.1%above the sector's middle half▲ 12.9pp6.9%within the sector's middle half▼ 13.2pp11.2%within the sector's middle half▲ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 28% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €209,062
Fixed assets
€10,190 ▼ 40.6%
Current assets
€198,872 ▲ 12.3%
Equity and liabilities €209,062
Equity
€162,137 ▲ 16.9%
Debt
€46,924 ▼ 15.3%
Debt's share of the balance-sheet total falls from 28.5% to 22.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44,333▼
2023 · €53,093
Cash flow
€31,768▼
2023 · €38,236
Debt to equity
0.29▼
2023 · 0.40
ROE
14.4%▲
2023 · 9.6%
Interest coverage
9.42▼
2023 · 13.86
Debt ≤ 1 year
€46,924▼
2023 · €55,204
Income taxes
€7,857▼
2023 · €11,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,106 | €37,058 | €29,433 | €24,923 | €8,383 | ▼ 66.4% |
| Other operating charges640/8 | - | €1,312 | €1,005 | €2,264 | €892 | ▼ 60.6% |
| Gross operating margin9900 | €56,371 | €61,062 | €88,682 | €55,357 | €45,225 | ▼ 18.3% |
| Operating profit (loss)9901 | €22,970 | €22,692 | €58,244 | €28,170 | €35,950 | ▲ 27.6% |
| Financial charges65/66B | - | €2,512 | €1,196 | €3,830 | €4,708 | ▲ 22.9% |
| Recurring financial charges65 | €914 | €2,512 | €1,196 | €3,830 | €4,708 | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €22,056 | €20,180 | €57,048 | €24,340 | €31,242 | ▲ 28.4% |
| Income taxes67/77 | €6,060 | €5,808 | €12,785 | €11,026 | €7,857 | ▼ 28.7% |
| Profit (loss) for the period9904 | €15,996 | €14,371 | €44,263 | €13,314 | €23,385 | ▲ 75.6% |
| Profit (loss) for the period to be appropriated9905 | €15,996 | €14,371 | €44,263 | €13,314 | €23,385 | ▲ 75.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219,936 | €199,023 | €220,150 | €194,183 | €209,062 | ▲ 7.7% |
| Fixed assets21/28 | €91,749 | €60,974 | €42,074 | €17,152 | €10,190 | ▼ 40.6% |
| Tangible fixed assets22/27 | €91,749 | €60,974 | €42,074 | €17,152 | €10,190 | ▼ 40.6% |
| Land and buildings22 | - | €2,731 | €2,618 | €1,581 | €1,173 | ▼ 25.8% |
| Plant, machinery and equipment23 | - | €31,372 | €19,461 | €9,110 | €3,624 | ▼ 60.2% |
| Furniture and vehicles24 | - | €26,871 | €19,996 | €6,460 | €5,393 | ▼ 16.5% |
| Current assets29/58 | €128,187 | €138,049 | €178,075 | €177,031 | €198,872 | ▲ 12.3% |
| Amounts receivable within one year40/41 | €13,697 | €21,076 | €26,755 | €25,656 | €41,790 | ▲ 62.9% |
| Trade receivables40 | - | €20,413 | €26,755 | €25,450 | €26,568 | ▲ 4.4% |
| Other amounts receivable41 | - | €663 | - | €206 | €15,222 | ▲ 7,283% |
| Cash at bank and in hand54/58 | €113,343 | €114,020 | €146,327 | €144,338 | €156,270 | ▲ 8.3% |
| Deferred charges and accrued income490/1 | - | €2,954 | €4,993 | €7,037 | €811 | ▼ 88.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219,936 | €199,023 | €220,150 | €194,183 | €209,062 | ▲ 7.7% |
| Equity10/15 | €66,805 | €81,176 | €125,439 | €138,753 | €162,137 | ▲ 16.9% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €46,805 | €61,176 | €105,439 | €118,753 | €142,137 | ▲ 19.7% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | €59,176 | €103,439 | €118,753 | €142,137 | ▲ 19.7% |
| Amounts payable17/49 | €153,132 | €117,847 | €94,711 | €55,430 | €46,924 | ▼ 15.3% |
| Amounts payable after more than one year17 | €23,922 | €10,788 | €1,415 | - | - | - |
| Financial debts170/4 | - | €10,788 | €1,415 | - | - | - |
| Amounts payable within one year42/48 | €129,210 | €107,059 | €93,295 | €55,204 | €46,924 | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | - | €13,134 | €9,372 | €1,415 | €0 | ▼ 100% |
| Trade debts44 | €1,819 | €1,203 | €2,451 | €570 | €1,477 | ▲ 159% |
| Suppliers440/4 | - | €1,203 | €2,451 | €570 | €1,477 | ▲ 159% |
| Taxes, remuneration and social security45 | - | €5,808 | €17,790 | €11,026 | €13,748 | ▲ 24.7% |
| Taxes450/3 | - | €5,808 | €17,790 | €11,026 | €13,748 | ▲ 24.7% |
| Other amounts payable47/48 | - | €86,914 | €63,683 | €42,193 | €31,699 | ▼ 24.9% |
| Accrued charges and deferred income492/3 | - | - | - | €226 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,996 | €14,371 | €44,263 | €13,314 | €23,385 | ▲ 75.6% |
| + Depreciation and write-downs630 | €32,106 | €37,058 | €29,433 | €24,923 | €8,383 | ▼ 66.4% |
| Operating cash flow (approximation) | €48,102 | €51,430 | €73,696 | €38,236 | €31,768 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | -€6,283 | -€10,534 | €0 | -€1,421 | - |
| Change in cash | - | €677 | €32,307 | -€1,989 | €11,933 | ▲ 700% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €150,000Eq €162,137 ▲16.9%
7 profitable years in a row build equity to €162,137.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44,263 ▲208%
Operating result €58,244, net result €44,263, both a record.
31-12
Financial
Equity above €100,000Eq €125,439 ▲54.5%
5 profitable years in a row build equity to €125,439.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Lille · 1 establishment unit since 2017
Ground area
1,040 m²
Building footprint
185 m²
Volume, LiDAR
954 m³
Parcel 13032E0078/00C002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vehaco
since 20172.264.408.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13032E0078/00C002 | Flanders | 1,040 m² | 1 · 185 m² | 8.3 m · 2 fl. |
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.
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Of 8,459 companies in sector 43120 we hold annual accounts for 3,234. 2,645 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
Founded02-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
71113Urban planning and landscape architecture
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674983507
Also
9925:BE0674983507
Registered
16-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.