VEISTERS
ActiveVEISTERS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €468k and a net result of €478k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 22% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+23
Solvency47▲+1
Growth85▲+3
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.99 in 2024; short-term debt: 50.7% and cash: 1.2% of total assets), and 78.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
22%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7744 sector peers (2025).
NBB · sector comparisonPosition among 7744 sector peers
Solvency
better than 22%
← 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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
45 d early
2023
37 d early
2022
47 d early
2021
26 d early
2020
93 d early
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.87M▲ 30.1%
2024 · €3.74M
2022: €2.71M
2023: €4.09M
2024: €3.74M
2022 → 2025
EBIT margin
14.9%▲ 7.6pp
2024 · 7.3%
2022: 10.5%
2023: 3.7%
2024: 7.3%
2022 → 2025
Net result
€478k▲ 214%
2024 · €152k
2018: €-15k
2019: €34k
2020: €22k
2021: €-657
2022: €200k
2023: €79k
2024: €152k
2018 → 2025
Working capital
€-142k▼ 2,108%
2024 · €-6k
2018: €168k
2019: €130k
2020: €140k
2021: €142k
2022: €250k
2023: €167k
2024: €-6k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.71M€4.09M▲ 50.9%€3.74M▼ 8.5%€4.87M▲ 30.1%
Equity€159k-€359k▲ 125%€438k▲ 21.9%€390k▼ 10.9%€468k▲ 19.9%
Operating result€15k-€285k▲ 1,751%€151k▼ 47.2%€273k▲ 81.4%€724k▲ 165%
Net result€-657-€200k€79k▼ 60.6%€152k▲ 93.4%€478k▲ 214%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 165% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€1.21M▲ 16.3%
Current assets
€961k▲ 24.6%
Equity and liabilities €2.17M
Equity
€468k▲ 19.9%
Debt
€1.71M▲ 19.8%
The debt ratio stays at 78.5%.
Key figures and ratios
EBITDA
€766k▲
2024 · €308k
Cash flow
€519k▲
2024 · €187k
Solvency
21.5%=
2024 · 21.5%
Current ratio
0.87▼
2024 · 0.99
Quick ratio
0.61▼
2024 · 0.85
Debt / equity
3.65▼
2024 · 3.65
ROE
102.1%▲
2024 · 39.0%
ROA
22.0%▲
2024 · 8.4%
Interest coverage
10.90▲
2024 · 5.65
Debt
€1.71M▲
2024 · €1.42M
Debt ≤ 1 year
€1.10M▲
2024 · €778k
Debt > 1 year
€600k▼
2024 · €643k
Income taxes
€176k▲
2024 · €67k
Staff costs
€523k▲
2024 · €481k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.81M€2.17M▲
Fixed assets21/28€1.04M€1.21M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.02M€1.19M▲
Land and buildings22€861k€1.06M▲
Plant, machinery and equipment23€24k€44k▲
Furniture and vehicles24€12k€12k▲
Other tangible fixed assets26-€71k
Assets under construction and advance payments27€121k-
Financial fixed assets28€26k€24k▼
Current assets29/58€771k€961k▲
Stocks and contracts in progress3€111k€284k▲
Stocks30/36€45k€45k▼
Contracts in progress37€66k€239k▲
Amounts receivable within one year40/41€521k€648k▲
Trade receivables40€462k€565k▲
Other amounts receivable41€59k€83k▲
Cash at bank and in hand54/58€130k€27k▼
Deferred charges and accrued income490/1€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.81M€2.17M▲
Equity10/15€390k€468k▲
Contributions10/11€95k€95k=
Capital10€95k€95k=
Issued capital100€95k€95k=
Reserves13€295k€373k▲
Non-distributable reserves130/1€17k€19k▲
Legal reserve130€8k€10k▲
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€278k€354k▲
Amounts payable17/49€1.42M€1.71M▲
Amounts payable after more than one year17€643k€600k▼
Financial debts170/4€643k€600k▼
Amounts payable within one year42/48€778k€1.10M▲
Current portion of amounts payable after more than one year42€41k€43k▲
Financial debts43€50k€175k▲
Other loans439€50k€175k▲
Trade debts44€262k€180k▼
Suppliers440/4€262k€180k▼
Advances received on contracts in progress46€69k€22k▼
Taxes, remuneration and social security45€72k€153k▲
Taxes450/3€31k€112k▲
Remuneration and social security454/9€41k€41k▲
Other amounts payable47/48€283k€530k▲
Accrued charges and deferred income492/3€4k€4k▼
Income statement
Code20242025
Turnover70€3.74M€4.87M▲
Goods, raw materials, services and sundry goods60/61€2.78M€3.73M▲
Remuneration, social security and pensions62€481k€523k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€42k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€17k€29k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€806k€1.32M▲
Operating profit (loss)9901€273k€724k▲
Financial income75/76B€69€17▼
Recurring financial income75€69€17▼
Financial charges65/66B€55k€70k▲
Recurring financial charges65€55k€70k▲
Profit (loss) for the period before taxes9903€219k€653k▲
Income taxes67/77€67k€176k▲
Profit (loss) for the period9904€152k€478k▲
Profit (loss) for the period to be appropriated9905€152k€478k▲
Appropriation of the result
Profit (loss) to be appropriated9906€152k€478k▲
Transfer from equity791/2€200k-
Transfer to equity691/2€152k€78k▼
To the legal reserve6920€8k€2k▼
To other reserves6921€145k€76k▼
Profit to be distributed694/7€200k€400k▲
Return on contributions (dividend)694€200k€400k▲
Social balance
Average headcount (FTE)90878.79.5▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €478k ▲214%
Operating result €724k, net result €478k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €200k
Net result €200k after one loss-making year.
31-12
Financial
Equity above €200kEq €359k ▲125%
Equity rises from €159k to €359k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €160k ▲15.9%
2 profitable years in a row build equity to €160k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Waregem · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Caseelstraat 108790 WaregemGround area
2,495 m²
Building footprint
1,099 m²
Volume, LiDAR
7,193 m³
Parcel 34453D0259/00Z004, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VEISTERS
since 20132.225.964.611
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453D0259/00Z004 | Flanders | 2,495 m² | 1 · 1,099 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesVEISTERS NV40238
Similar companies · same sector, comparable size
Glaswerken Wintermans
BE 0737.408.153
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VIERKANTE METERS
BE 0880.190.866
Zottegem · Eq €461k
CONSTRUKTGLAS
BE 0438.478.996
Harelbeke · Eq €454k
Inspired By Glass
BE 0578.888.179
Deinze · Eq €486k
FMP+
BE 0893.023.867
Duffel · Eq €492k
Of 489 companies in sector 43343 we hold annual accounts for 294. 227 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-2013
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43343Specialised construction activities
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.