VEMACO
ActiveVEMACO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €284k and a net result of €4k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
62
/ 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
Profitability26▼-1
Solvency43=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
short-term debt: 0.2% and cash: 0.1% of total assets, and 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 70
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 2025Solvency, return and age of the figures
Solvency
18.5%
Return on assets
0.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 8601 sector peers (2025).
NBB · sector comparisonPosition among 8601 sector peers
Solvency
better than 21%
← weakest
strongest →
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 09-03-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
34 d early
2023
13 d late
2022
2 d early
2021
2 d late
2020
10 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€284k▲ 1.5%
2024 · €280k
2018: €170k
2019: €181k
2020: €201k
2021: €224k
2022: €234k
2023: €241k
2024: €280k
2018 → 2025
Total assets
€1.54M▼ 0.5%
2024 · €1.55M
2018: €1.84M
2019: €1.73M
2020: €1.74M
2021: €1.49M
2022: €1.49M
2023: €1.50M
2024: €1.55M
2018 → 2025
Net result
€4k▼ 88.9%
2024 · €39k
2018: €15k
2019: €11k
2020: €19k
2021: €22k
2022: €10k
2023: €7k
2024: €39k
2018 → 2025
Working capital
€1.28M▲ 7,420%
2024 · €17k
2018: €-175k
2019: €-133k
2020: €-96k
2021: €-54k
2022: €-42k
2023: €-32k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€224k-€234k▲ 4.5%€241k▲ 3.1%€280k▲ 16.1%€284k▲ 1.5%
Operating result€3k-€-11k€-116▲ 99.0%€31k€33k▲ 7.4%
Net result€22k-€10k▼ 55.2%€7k▼ 27.3%€39k▲ 433%€4k▼ 88.9%
Turnover and EBIT margin not published: the abbreviated 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 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€256k▼ 3.5%
Current assets
€1.28M▲ 0.1%
Equity and liabilities €1.54M
Equity
€284k▲ 1.5%
Provisions
€1k▼ 32.5%
Debt
€1.25M▼ 0.9%
The debt ratio falls from 81.8% to 81.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €43k
Cash flow
€15k▼
2024 · €50k
Solvency
18.5%▲
2024 · 18.1%
Debt / equity
4.41▼
2024 · 4.51
ROE
1.5%▼
2024 · 13.9%
ROA
0.3%▼
2024 · 2.5%
Interest coverage
0.87▲
2024 · 0.62
Debt
€1.25M▼
2024 · €1.26M
Debt ≤ 1 year
€2k▼
2024 · €1.26M
Debt > 1 year
€1.25M
Income taxes
€2k▼
2024 · €14k
A ratio outside any meaningful range has been withheld (balance sheet total €1.54M, equity €284k).
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€1.55M€1.54M▼
Fixed assets21/28€266k€256k▼
Tangible fixed assets22/27€266k€256k▼
Land and buildings22€263k€253k▼
Plant, machinery and equipment23€3k€3k▲
Current assets29/58€1.28M€1.28M▲
Amounts receivable after more than one year29€1.26M€1.26M▲
Other amounts receivable291€1.26M€1.26M▲
Amounts receivable within one year40/41€20k€20k▲
Trade receivables40€20k€20k=
Other amounts receivable41-€15
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.54M▼
Equity10/15€280k€284k▲
Contributions10/11€32k€32k=
Reserves13€248k€252k▲
Tax-exempt reserves132€8k€7k▼
Distributable reserves133€240k€246k▲
Provisions and deferred taxes16€2k€1k▼
Deferred taxes168€2k€1k▼
Amounts payable17/49€1.26M€1.25M▼
Amounts payable after more than one year17-€1.25M
Financial debts170/4-€1.25M
Amounts payable within one year42/48€1.26M€2k▼
Financial debts43€1.25M-
Credit institutions430/8€1.25M-
Trade debts44€577€419▼
Suppliers440/4€577€419▼
Taxes, remuneration and social security45€13k€2k▼
Taxes450/3€13k€2k▼
Accrued charges and deferred income492/3€788€826▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€48k€50k▲
Operating profit (loss)9901€31k€33k▲
Financial income75/76B€89k€24k▼
Recurring financial income75€89k€24k▼
Financial charges65/66B€68k€51k▼
Recurring financial charges65€68k€51k▼
Profit (loss) for the period before taxes9903€52k€6k▼
Transfer from deferred taxes780€1k€586▼
Income taxes67/77€14k€2k▼
Profit (loss) for the period9904€39k€4k▼
Transfer from tax-exempt reserves789€673€1k▲
Profit (loss) for the period to be appropriated9905€40k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€5k▼
Transfer to equity691/2€40k€5k▼
To other reserves6921€40k€5k▼
The notes to these accounts (7 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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €4k ▼88.9%
Net result drops to €4k, the lowest in the series.
30-09
Financial
Liquidity times 514current ratio 520.87
Current ratio from 1.01 to 520.87; short-term debt falls from €1.26M to €2k.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €39k ▲433%
Net result €39k, the highest in the series.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €200kEq €201k ▲11.3%
3 profitable years in a row build equity to €201k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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.
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, Kortrijk · 1 establishment unit since 1992
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.
Anna Bijnslaan(Kor) 148500 KortrijkGround area
3,941 m²
Building footprint
316 m²
Volume, LiDAR
2,051 m³
Parcel 34354C0900/00D003, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VEMACO
since 19922.058.938.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0900/00D003 | Flanders | 3,941 m² | 1 · 316 m² | 8.5 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.
Similar companies · same sector, comparable size
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JEMATIX
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Eltimmo
BE 0746.683.630
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RED FOUNTAIN
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QUALAB
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 38,408 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-07-1992
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.