VEKO
ActiveVEKO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35.91M and a net result of €14.72M. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
83
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 9.75 against 9.0 in 2023), and 8.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.4%
Return on assets
37.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
12 d late
2022
31 d late
2021
78 d late
2020
30 d late
2019
98 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€35.91M▲ 69.5%
2023 · €21.19M
2018: €11.09M
2019: €12.57M
2020: €13.75M
2021: €14.94M
2022: €12.28M
2023: €21.19M
2018 → 2024
Total assets
€39.30M▲ 69.4%
2023 · €23.20M
2018: €11.34M
2019: €12.79M
2020: €13.93M
2021: €15.16M
2022: €13.62M
2023: €23.20M
2018 → 2024
Net result
€14.72M▲ 65.2%
2023 · €8.91M
2018: €839k
2019: €1.48M
2020: €1.18M
2021: €1.19M
2022: €1.16M
2023: €8.91M
2018 → 2024
Working capital
€29.60M▲ 85.2%
2023 · €15.98M
2018: €8.65M
2019: €9.97M
2020: €11.52M
2021: €12.72M
2022: €10.07M
2023: €15.98M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13.75M-€14.94M▲ 8.7%€12.28M▼ 17.8%€21.19M▲ 72.6%€35.91M▲ 69.5%
Operating result€780k-€975k▲ 25.0%€508k▼ 47.9%€71k▼ 86.0%€82k▲ 15.2%
Net result€1.18M-€1.19M▲ 1.6%€1.16M▼ 3.1%€8.91M▲ 670%€14.72M▲ 65.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 15% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39.30M
Fixed assets
€6.31M▲ 20.8%
Current assets
€32.98M▲ 83.5%
Equity and liabilities €39.30M
Equity
€35.91M▲ 69.5%
Debt
€3.38M▲ 68.2%
The debt ratio falls from 8.7% to 8.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€90k▲
2023 · €79k
Cash flow
€14.73M▲
2023 · €8.92M
Solvency
91.4%▲
2023 · 91.3%
Current ratio
9.75▲
2023 · 9.00
Quick ratio
9.75▲
2023 · 9.00
Debt / equity
0.09▼
2023 · 0.09
ROE
41.0%▼
2023 · 42.1%
ROA
37.5%▼
2023 · 38.4%
Interest coverage
0.52▲
2023 · -0.43
Debt
€3.38M▲
2023 · €2.01M
Debt ≤ 1 year
€3.38M▲
2023 · €2.00M
Income taxes
€1.56M▲
2023 · €976k
Staff costs
€44k▲
2023 · €42k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€23.20M€39.30M▲
Fixed assets21/28€5.23M€6.31M▲
Tangible fixed assets22/27€80k€77k▼
Land and buildings22€80k€77k▼
Furniture and vehicles24€59-
Financial fixed assets28€5.14M€6.24M▲
Current assets29/58€17.98M€32.98M▲
Amounts receivable within one year40/41€682k€15.84M▲
Trade receivables40€79k€55k▼
Other amounts receivable41€604k€15.78M▲
Current investments50/53€16.97M€16.91M▼
Cash at bank and in hand54/58€271k€196k▼
Deferred charges and accrued income490/1€58k€40k▼
Equity and liabilities
Total equity and liabilities10/49€23.20M€39.30M▲
Equity10/15€21.19M€35.91M▲
Contributions10/11€19k€19k=
Reserves13€21.17M€35.89M▲
Non-distributable reserves130/1€11.44M€26.16M▲
Other1319€11.44M€26.16M▲
Tax-exempt reserves132€4k€4k=
Distributable reserves133€9.73M€9.73M=
Profit (loss) carried forward14€595€595=
Amounts payable17/49€2.01M€3.38M▲
Amounts payable within one year42/48€2.00M€3.38M▲
Trade debts44€29k€25k▼
Suppliers440/4€29k€25k▼
Taxes, remuneration and social security45€939k€2.33M▲
Taxes450/3€931k€2.31M▲
Remuneration and social security454/9€8k€16k▲
Other amounts payable47/48€1.03M€1.03M▼
Accrued charges and deferred income492/3€13k-
Income statement
Code20232024
Non-recurring operating income76A€300€413▲
Remuneration, social security and pensions62€42k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€1k€250▼
Gross operating margin9900€125k€137k▲
Operating profit (loss)9901€71k€82k▲
Financial income75/76B€9.63M€16.37M▲
Recurring financial income75€557k€16.37M▲
Non-recurring financial income76B€9.08M-
Financial charges65/66B€-182k€174k▲
Recurring financial charges65€-182k€174k▲
Profit (loss) for the period before taxes9903€9.89M€16.28M▲
Income taxes67/77€976k€1.56M▲
Profit (loss) for the period9904€8.91M€14.72M▲
Transfer from tax-exempt reserves789€178k-
Profit (loss) for the period to be appropriated9905€9.09M€14.72M▲
Appropriation of the result
Profit (loss) to be appropriated9906€9.09M€14.72M▲
Profit (loss) brought forward from the previous period14P€595€595=
Transfer to equity691/2€9.09M€14.72M▲
To other reserves6921€9.09M€14.72M▲
Social balance
Average headcount (FTE)90870.60.3▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €14.72M ▲65.2%
Net result €14.72M, the highest in the series.
31-12
Financial
Equity above €25MEq €35.91M ▲69.5%
7 profitable years in a row build equity to €35.91M.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 98 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wetteren · 1 establishment unit since 1999
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.
Begijnestraat 659230 WetterenGround area
1,223 m²
Building footprint
531 m²
Volume, LiDAR
3,823 m³
Parcel 42012D0205/00Z000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Begijnestraat 65, 9230 Wetteren
since 19992.092.103.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42012D0205/00Z000 | Flanders | 1,223 m² | 1 · 531 m² | 10.7 m · 3 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.
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 459 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-1999
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
70200Business and other management consultancy
70220Business consulting
74142
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.