VEMA
ActiveSummary
VEMA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388,227 and a net result of €91,327. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 85% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+12
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 5.46 against 12.32 in 2024; short-term debt: 13.1% and cash: 25.8% of total assets), and 13.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
86.9%
Return on assets
20.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
4 d early
2022
4 d early
2021
5 d early
2020
46 d early
2019
30 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 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 April (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€388,227▼ 13.3%
2024 · €447,803
Total assets
€446,800▼ 6.1%
2024 · €475,773
Net result
€91,327▲ 77.3%
2024 · €51,505
Working capital
€260,957▼ 17.6%
2024 · €316,727
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€47,670€14,796▼ 69.0%€49,181▲ 232%€55,854▲ 13.6%€129,567▲ 132%
Net result€61,842above the sector's middle half€31,711within the sector's middle half▼ 48.7%€63,054above the sector's middle half▲ 98.8%€51,505within the sector's middle half▼ 18.3%€91,327above the sector's middle half▲ 77.3%
Equity€301,534above the sector's middle half▲ 25.8%€333,244above the sector's middle half▲ 10.5%€396,299above the sector's middle half▲ 18.9%€447,803above the sector's middle half▲ 13.0%€388,227above the sector's middle half▼ 13.3%
Total assets€400,224within the sector's middle half▲ 18.3%€425,272within the sector's middle half▲ 6.3%€403,104within the sector's middle half▼ 5.2%€475,773above the sector's middle half▲ 18.0%€446,800within the sector's middle half▼ 6.1%
Debt€98,690▲ 0.1%€92,028▼ 6.8%€6,805▼ 92.6%€27,970▲ 311%€58,573▲ 109%
Working capital€191,407above the sector's middle half▲ 61.0%€227,385above the sector's middle half▲ 18.8%€272,095above the sector's middle half▲ 19.7%€316,727above the sector's middle half▲ 16.4%€260,957above the sector's middle half▼ 17.6%
Solvency75.3%within the sector's middle half▲ 4.5pp78.4%above the sector's middle half▲ 3.0pp98.3%above the sector's middle half▲ 20.0pp94.1%above the sector's middle half▼ 4.2pp86.9%above the sector's middle half▼ 7.2pp
Current ratio3.06within the sector's middle half▲ 0.783.63within the sector's middle half▲ 0.5812.32above the sector's middle half5.46above the sector's middle half▼ 6.87
Return on assets (ROA)15.5%within the sector's middle half▲ 79.1pp7.5%within the sector's middle half▼ 8.0pp15.6%within the sector's middle half▲ 8.2pp10.8%within the sector's middle half▼ 4.8pp20.4%within the sector's middle half▲ 9.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 132% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,800
Fixed assets
€127,269 ▼ 2.9%
Current assets
€319,531 ▼ 7.3%
Equity and liabilities €446,800
Equity
€388,227 ▼ 13.3%
Debt
€58,573 ▲ 109%
Debt's share of the balance-sheet total rises from 5.9% to 13.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€133,700▲
2024 · €57,929
Cash flow
€95,460▲
2024 · €53,579
Debt to equity
0.15▲
2024 · 0.06
ROE
23.5%▲
2024 · 11.5%
Interest coverage
135.51▲
2024 · 110.30
Debt ≤ 1 year
€58,573▲
2024 · €27,970
Income taxes
€38,595▲
2024 · €22,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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 0.1% 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 497,338 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% | 1.9% |
| 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 31,370 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,850 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,172 | €4,268 | €4,406 | €2,075 | €4,133 | ▲ 99.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €2,106 | - |
| Other operating charges640/8 | €1,138 | €886 | €1,794 | €2,515 | €1,324 | ▼ 47.4% |
| Non-recurring operating charges66A | - | - | €1,997 | - | €1,410 | - |
| Gross operating margin9900 | €60,980 | €19,950 | €57,377 | €60,444 | €138,540 | ▲ 129% |
| Operating profit (loss)9901 | €47,670 | €14,796 | €49,181 | €55,854 | €129,567 | ▲ 132% |
| Financial income75/76B | €14,713 | €17,458 | €14,398 | €18,713 | €1,341 | ▼ 92.8% |
| Recurring financial income75 | €14,713 | €17,458 | €14,398 | €18,713 | €1,341 | ▼ 92.8% |
| Financial charges65/66B | €209 | €187 | €174 | €525 | €987 | ▲ 87.9% |
| Recurring financial charges65 | €209 | €187 | €174 | €525 | €987 | ▲ 87.9% |
| Profit (loss) for the period before taxes9903 | €62,174 | €32,067 | €63,404 | €74,042 | €129,921 | ▲ 75.5% |
| Income taxes67/77 | €332 | €357 | €350 | €22,538 | €38,595 | ▲ 71.2% |
| Profit (loss) for the period9904 | €61,842 | €31,711 | €63,054 | €51,505 | €91,327 | ▲ 77.3% |
| Profit (loss) for the period to be appropriated9905 | €61,842 | €31,711 | €63,054 | €51,505 | €91,327 | ▲ 77.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400,224 | €425,272 | €403,104 | €475,773 | €446,800 | ▼ 6.1% |
| Fixed assets21/28 | €115,824 | €111,557 | €129,901 | €131,076 | €127,269 | ▼ 2.9% |
| Tangible fixed assets22/27 | €115,824 | €111,557 | €129,901 | €131,076 | €127,269 | ▼ 2.9% |
| Land and buildings22 | €92,565 | €88,546 | €84,526 | €81,509 | €76,480 | ▼ 6.2% |
| Plant, machinery and equipment23 | €248 | - | - | - | €799 | - |
| Furniture and vehicles24 | €19,511 | €19,511 | €41,875 | €46,068 | €49,991 | ▲ 8.5% |
| Other tangible fixed assets26 | €3,500 | €3,500 | €3,500 | €3,500 | - | - |
| Current assets29/58 | €284,399 | €313,716 | €273,203 | €344,697 | €319,531 | ▼ 7.3% |
| Amounts receivable after more than one year29 | €12,500 | €12,500 | €12,500 | €12,500 | - | - |
| Other amounts receivable291 | €12,500 | €12,500 | €12,500 | €12,500 | - | - |
| Amounts receivable within one year40/41 | €253,351 | €300,621 | €259,935 | €38,495 | €61,250 | ▲ 59.1% |
| Trade receivables40 | - | €2,032 | €3,547 | - | €17,500 | - |
| Other amounts receivable41 | €253,351 | €298,589 | €256,388 | €38,495 | €43,750 | ▲ 13.6% |
| Current investments50/53 | €428 | €428 | €428 | €428 | €141,901 | ▲ 33,089% |
| Cash at bank and in hand54/58 | €16,652 | €167 | €340 | €281,618 | €115,092 | ▼ 59.1% |
| Deferred charges and accrued income490/1 | €1,470 | - | - | €11,656 | €1,288 | ▼ 89.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400,224 | €425,272 | €403,104 | €475,773 | €446,800 | ▼ 6.1% |
| Equity10/15 | €301,534 | €333,244 | €396,299 | €447,803 | €388,227 | ▼ 13.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €925,805 | €925,805 | €377,707 | €429,211 | €369,635 | ▼ 13.9% |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | €922,706 | €922,706 | €374,608 | €426,113 | €366,536 | ▼ 14.0% |
| Profit (loss) carried forward14 | -€642,863 | -€611,153 | - | - | - | - |
| Amounts payable17/49 | €98,690 | €92,028 | €6,805 | €27,970 | €58,573 | ▲ 109% |
| Amounts payable within one year42/48 | €92,992 | €86,331 | €1,107 | €27,970 | €58,573 | ▲ 109% |
| Trade debts44 | €6,661 | €495 | €362 | €6,180 | €7,670 | ▲ 24.1% |
| Suppliers440/4 | €6,661 | €495 | €362 | €6,180 | €7,670 | ▲ 24.1% |
| Taxes, remuneration and social security45 | €852 | €357 | €746 | €21,790 | €2,545 | ▼ 88.3% |
| Taxes450/3 | €852 | €357 | €746 | €21,790 | €2,545 | ▼ 88.3% |
| Other amounts payable47/48 | €85,479 | €85,479 | - | - | €48,358 | - |
| Accrued charges and deferred income492/3 | €5,698 | €5,698 | €5,698 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,842 | €31,711 | €63,054 | €51,505 | €91,327 | ▲ 77.3% |
| + Depreciation and write-downs630 | €12,172 | €4,268 | €4,406 | €2,075 | €4,133 | ▲ 99.2% |
| Operating cash flow (approximation) | €74,015 | €35,978 | €67,460 | €53,579 | €95,460 | ▲ 78.2% |
| Investment in fixed assets (approximation) | - | €0 | -€22,750 | -€3,250 | -€326 | ▲ 90.0% |
| Change in cash | - | -€16,485 | €173 | €281,278 | -€166,526 | ▼ 159% |
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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €91,327 ▲77.3%
Operating result €129,567, net result €91,327, both a record.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity times 68current ratio 246.70
Current ratio from 3.63 to 246.70; short-term debt falls from €86,331 to €1,107.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €61,842
Net result €61,842 after 2 loss-making years.
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€215,311
Net result drops to -€215,311, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity triplescurrent ratio 33.31
Current ratio from 11.71 to 33.31; short-term debt falls from €34,214 to €9,968.
Show earlier events
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Gent · 1 establishment unit since 1999
Ground area
496 m²
Building footprint
108 m²
Volume, LiDAR
1,397 m³
Parcel 44808H0242/00G004, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Burggravenlaan 305, 9000 Gent
since 19992.091.911.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0242/00G004 | Flanders | 496 m² | 1 · 108 m² | 16.6 m · 5 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.
Similar companies · same sector, comparable size
ACTINUM
BE 0887.675.011
Destelbergen · Eq €388,215
CRM Invest
BE 0811.420.836
Menen · Eq €388,204
MANGELSCHOTS CONSULTING
BE 0885.134.896
Halen · Eq €388,201
Javik
BE 0896.216.256
Hulshout · Eq €388,277
K. FRANCK MANAGEMENT
BE 0817.831.249
Tessenderlo-Ham · Eq €388,305
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 36,608 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 (pre-2019)
Founded09-06-1999
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466213276
Also
9925:BE0466213276
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.