Equity
Equity fell by 50% in 13 years.
Equity fell by 50% in 13 years.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The abbreviated format states no turnover.
Green is investment, beige is depreciation.
The last five annual accounts were filed 21 to 41 days before the end of the period.
Higher solvency than 93% of companies in architecture and engineering. Sector median 47.3% · 2,565 companies.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 52% on liquidity, 24% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,908 companies had the same profile as VEMATECH has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VEMATECH itself: 0.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for VEMATECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.05 (2.21 in 2024), above the usual 1.5. Short-term debt is 9.3% and cash 11.3% of total assets. 9.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VEMATECH Merksplas | €66,789 | €6,236 | 90.7% | - |
| Steepi Lochristi | €59,303 | €6,863 | 81.6% | - |
| ORCED Fernelmont | €61,203 | €7,584 | 76.5% | - |
| VIA ENERGETICA Boom | €78,579 | €4,588 | 44.3% | - |
| Innovated Engineering Consultancy Oudenaarde | €80,304 | €5,761 | 90.7% | - |
| Bureau Technique Havet René Tintigny | €65,181 | €6,159 | 98.7% | - |
| P-Engineering Temse | €60,450 | €4,922 | 17.7% | - |
These companies have the same main activity as VEMATECH: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €59,300 and €80,300, founded between 2004 and 2011.
VEMATECH files the abbreviated format. That format states no turnover. The gross margin fell from €27,394 in 2009 to €6,236 in 2025.
QD-tec holds 90% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €30,000. Estimated: probably between €19,000 and €69,000.
Higher than 93% of 2,565 companies in 2025.
Higher than 72% of 2,521 companies in 2025.
Higher than 10% of 2,542 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
66,789 | 87,466 | 75,032 | 208,243 | 159,307 | 54,789 | 114,687 | 89,866 | 47,761 | 47,259 | 16,628 | 11,771 | 10,670 | 190,609 | 251,491 | 69,494 | 43,805 | |
20 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
21/28 |
47,859 | 40,485 | 17,780 | 53,074 | 72,911 | 35,138 | 1,432 | 1,909 | - | - | - | 439 | 837 | 121,025 | 109,411 | 14,684 | 21,165 | |
21 |
4,487 | 10,485 | 16,484 | 22,483 | 28,482 | - | - | - | 0 | 0 | 0 | 0 | 105 | 313 | 529 | 438 | - | |
22/27 |
13,372 | 0 | 1,296 | 2,591 | 24,430 | 35,138 | 1,432 | 1,909 | - | - | - | 439 | 732 | 26,112 | 6,282 | 14,246 | 21,165 | |
22 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
23 |
9,902 | 0 | 1,296 | 2,591 | 3,887 | 5,183 | - | - | 0 | 0 | 0 | 439 | 732 | 5,040 | 0 | - | - | |
24 |
250 | - | - | 0 | 477 | 955 | 1,432 | 1,909 | 0 | 0 | 0 | 0 | 0 | 21,072 | 6,282 | 14,246 | 21,165 | |
26 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
27 |
3,221 | - | - | 0 | 20,065 | 29,000 | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
28 |
30,000 | 30,000 | 0 | 28,000 | 20,000 | - | - | - | 0 | 0 | 0 | 0 | 0 | 94,600 | 102,600 | - | - | |
29/58 |
18,929 | 46,981 | 57,253 | 155,169 | 86,395 | 19,651 | 113,255 | 87,957 | 47,761 | 47,259 | 16,628 | 11,332 | 9,833 | 69,584 | 142,080 | 54,809 | 22,640 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
290 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
291 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
3 |
- | - | - | 0 | 3,211 | 3,511 | 4,024 | 16,919 | 8,474 | 11,994 | 0 | 0 | 0 | 0 | 0 | 9,000 | - | |
30/36 |
- | - | - | 0 | 3,211 | 3,511 | 4,024 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
37 |
- | - | - | - | - | - | 0 | 16,919 | 8,474 | 11,994 | 0 | 0 | 0 | 0 | 0 | 9,000 | - | |
40/41 |
11,201 | 35,128 | 36,988 | 121,546 | 81,374 | 6,182 | 91,731 | 48,029 | 13,172 | 34,314 | 15,203 | 11,296 | 9,793 | 46,960 | 111,509 | 39,361 | 14,867 | |
40 |
1,521 | 5,128 | 30,250 | 46,546 | 14,702 | 1,571 | 55,000 | 48,029 | 4,000 | 33,975 | 15,158 | 11,289 | 9,789 | 13,640 | 20,852 | 39,361 | 14,642 | |
41 |
9,680 | 30,000 | 6,738 | 75,000 | 66,672 | 4,611 | 36,731 | - | 9,172 | 339 | 45 | 7 | 4 | 33,320 | 90,657 | - | 225 | |
50/53 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
54/58 |
7,538 | 11,631 | 19,646 | 33,370 | 1,566 | 9,582 | 16,586 | 23,009 | 26,115 | 951 | 1,425 | 36 | 33 | 15,368 | 24,129 | 5,045 | 1,612 | |
490/1 |
190 | 222 | 618 | 252 | 245 | 376 | 914 | - | 0 | 0 | 0 | 0 | 7 | 7,256 | 6,442 | 1,403 | 6,160 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
66,789 | 87,466 | 75,032 | 208,243 | 159,307 | 54,789 | 114,687 | 89,866 | 47,761 | 47,259 | 16,628 | 11,771 | 10,670 | 190,609 | 251,491 | 69,494 | 43,805 | |
10/15 |
60,583 | 66,246 | 66,432 | 61,466 | 62,148 | 50,829 | 50,275 | 58,494 | 33,899 | 16,193 | 16,518 | 9,403 | 9,729 | 120,678 | 55,354 | 31,336 | 29,642 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
11 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
1100/10 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
12 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 0 | 1,860 | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 0 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
1319 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
132 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
133 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
14 |
40,123 | 45,786 | 45,972 | 41,006 | 41,688 | 30,369 | 29,815 | 38,034 | 13,439 | -4,267 | -3,942 | -11,057 | -10,731 | 100,218 | 34,894 | 10,876 | 9,182 | |
15 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
19 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
160/5 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
160 |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
17/49 |
6,205 | 21,220 | 8,600 | 146,777 | 97,159 | 3,959 | 64,412 | 31,373 | 13,862 | 31,067 | 110 | 2,368 | 941 | 69,931 | 196,137 | 38,158 | 14,162 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
175 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
176 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
178/9 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
42/48 |
6,205 | 21,220 | 8,600 | 146,777 | 97,159 | 3,959 | 26,912 | 31,364 | 13,622 | 30,829 | 87 | 2,281 | 851 | 69,888 | 143,801 | 36,941 | 13,333 | |
42 |
- | - | 0 | 40,960 | 0 | 3,959 | 11,963 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
439 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
44 |
1,048 | 1,135 | 8,600 | 85,425 | - | 0 | 14,949 | 19,724 | 13,512 | 10,747 | - | 464 | 0 | 30,663 | 31,533 | 12,670 | 5,050 | |
440/4 |
1,048 | 1,135 | 8,600 | 85,425 | - | 0 | 14,949 | 19,724 | 13,512 | 10,747 | 0 | 464 | 0 | 30,663 | 31,533 | 12,670 | 5,050 | |
441 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
46 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
45 |
0 | 3,055 | 0 | 20,392 | 1,159 | - | 0 | 11,476 | - | - | 22 | 66 | 350 | 32,241 | 12,378 | 12,450 | 8,283 | |
450/3 |
0 | 3,055 | 0 | 20,392 | 1,159 | - | 0 | 11,476 | 0 | 0 | 22 | 66 | 350 | 32,241 | 12,378 | 12,450 | 8,283 | |
454/9 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
47/48 |
5,157 | 17,030 | - | 0 | 96,000 | - | 0 | 165 | 110 | 20,082 | 65 | 1,752 | 501 | 6,984 | 99,890 | 11,820 | - | |
492/3 |
- | - | - | - | - | 0 | 37,500 | 8 | 241 | 237 | 23 | 87 | 90 | 43 | 52,337 | 1,217 | 830 | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
76A |
- | - | - | - | - | - | - | - | 0 | 0 | 261 | 0 | 0 | 576 | 0 | - | - | |
9900 |
6,236 | 5,679 | 2,327 | 7,647 | 12,087 | 3,088 | -7,708 | 35,050 | 18,153 | 45,197 | 17,200 | 670 | -23,084 | 120,886 | 44,180 | 13,909 | 27,394 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
62 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
630 |
11,199 | 7,294 | 7,294 | 7,772 | 3,285 | 1,773 | 477 | 477 | 0 | 0 | 0 | 398 | 696 | 8,859 | 8,181 | 8,107 | 9,239 | |
631/4 |
- | - | - | 0 | -4,247 | - | - | - | 0 | 0 | 9,789 | 0 | 2,447 | 12,236 | 0 | - | - | |
635/8 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
640/8 |
629 | 505 | 493 | 450 | 499 | 448 | 456 | 444 | 513 | 45,191 | 444 | 440 | 380 | 1,931 | 1,011 | 669 | 1,718 | |
649 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
66A |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 1,112 | 0 | 0 | - | - | |
9901 |
-5,591 | -2,120 | -5,461 | -574 | 12,550 | 867 | -8,640 | 34,129 | 17,639 | 6 | 6,967 | -168 | -26,606 | 97,860 | 34,989 | 5,133 | 16,437 | |
75/76B |
54 | 2,060 | 10,546 | 5 | 26 | 36 | 517 | 20 | 167 | 15 | 0 | 0 | 23 | 2,726 | 1,794 | 119 | 34 | |
75 |
54 | 2,060 | 10,546 | 5 | 26 | 36 | 517 | 20 | 167 | 15 | 0 | 0 | 23 | 2,726 | 1,794 | 119 | 34 | |
76B |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
65/66B |
124 | 126 | 119 | 112 | 99 | 349 | 95 | 68 | 101 | 346 | 113 | 158 | 65,104 | 126 | 1,011 | 1,314 | 876 | |
65 |
124 | 126 | 119 | 112 | 99 | 349 | 95 | 68 | 101 | 346 | 113 | 158 | 65,104 | 126 | 1,011 | 1,314 | 876 | |
66B |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
9903 |
-5,662 | -186 | 4,966 | -681 | 12,477 | 555 | -8,219 | 34,082 | 17,706 | -325 | 7,114 | -326 | -92,799 | 101,036 | 35,771 | 3,938 | 15,596 | |
67/77 |
0 | 0 | - | 0 | 1,159 | 0 | 0 | 9,487 | 0 | 0 | 0 | 0 | 0 | 31,712 | 11,753 | 2,245 | 4,554 | |
9904 |
-5,663 | -187 | 4,966 | -681 | 11,318 | 555 | -8,219 | 24,595 | 17,706 | -325 | 7,114 | -326 | -92,799 | 69,324 | 24,018 | 1,694 | 11,042 | |
789 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
689 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
9905 |
-5,663 | -187 | 4,966 | -681 | 11,318 | 555 | -8,219 | 24,595 | 17,706 | -325 | 7,114 | -326 | -92,799 | 69,324 | 24,018 | 1,694 | 11,042 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
40,123 | 45,786 | 45,972 | 41,006 | 41,688 | 30,369 | 29,815 | 38,034 | 13,439 | -4,267 | -3,942 | -11,057 | 7,419 | 104,218 | 34,894 | 10,876 | 11,042 | |
14P |
45,786 | 45,972 | 41,006 | 41,688 | 30,369 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | 1,860 | |
691 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
6920 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 18,150 | 4,000 | 0 | - | - | |
694 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 18,150 | 0 | 0 | - | - | |
695 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 4,000 | 0 | - | - | |
696 |
- | - | - | - | - | - | - | - | 0 | 0 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00186644 | |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00156615 | |
| 31-12-2023 | abbreviated format | 09-07-2024 | 2024-00224611 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00219160 | |
| 31-12-2021 | abbreviated format | 21-06-2022 | 2022-20075356 | |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-35300419 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-24300348 | |
| 31-12-2018 | abbreviated format | 10-07-2019 | 2019-30600152 | |
| 31-12-2017 | abbreviated format | 21-03-2018 | 2018-07200057 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-23600329 | |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-44200420 | |
| 31-12-2014 | abbreviated format | 19-06-2015 | 2015-18500065 | |
| 31-12-2013 | abbreviated format | 20-06-2014 | 2014-18600353 | |
| 31-12-2012 | abbreviated format | 24-06-2013 | 2013-19900053 | |
| 31-12-2011 | abbreviated format | 24-07-2012 | 2012-32400319 | |
| 31-12-2010 | abbreviated format | 22-06-2011 | 2011-18400580 | |
| 31-12-2009 | abbreviated format | 29-07-2010 | 2010-35100521 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,607 | 5,174 | 1,834 | 7,198 | 15,835 | 2,641 | -8,163 | 34,607 | 17,639 | 6 | 6,967 | 230 | -25,911 | 106,718 | 43,169 | 13,240 | 25,676 | ||
| 5,536 | 7,108 | 12,261 | 7,091 | 14,603 | 2,328 | -7,742 | 25,072 | 17,706 | -325 | 7,114 | 72 | -92,103 | 78,183 | 32,199 | 9,800 | 20,281 | ||
| 18,573 | 30,000 | -28,000 | 8,000 | 70,059 | 35,479 | 0 | 2,387 | 0 | 0 | -439 | 0 | 1,220 | 34,396 | 102,908 | 1,626 | 30,404 | ||
| -4,093 | -8,016 | -13,724 | 31,805 | -8,017 | -7,004 | -6,423 | -3,106 | 25,164 | -474 | 1,389 | 3 | -15,335 | -8,761 | 19,084 | 3,433 | - | ||
| 12,724 | 25,761 | 48,653 | 8,392 | -10,763 | 15,692 | 86,342 | 56,593 | 34,139 | 16,430 | 16,541 | 9,051 | 8,982 | -304 | -1,721 | 17,869 | 9,307 | ||
| 90.7% | 75.7% | 88.5% | 29.5% | 39.0% | 92.8% | 43.8% | 65.1% | 71.0% | 34.3% | 99.3% | 79.9% | 91.2% | 63.3% | 22.0% | 45.1% | 67.7% | ||
| 3.05 | 2.21 | 6.66 | 1.06 | 0.89 | 4.96 | 4.21 | 2.80 | 3.51 | 1.53 | - | 4.97 | 11.55 | 1.00 | 0.99 | 1.48 | 1.70 | ||
| 3.05 | 2.21 | 6.66 | 1.06 | 0.86 | 4.08 | 4.06 | 2.26 | 2.88 | 1.14 | - | 4.97 | 11.55 | 1.00 | 0.99 | 1.24 | 1.70 | ||
| 0.10 | 0.32 | 0.13 | 2.39 | 1.56 | 0.08 | 1.28 | 0.54 | 0.41 | 1.92 | 0.01 | 0.25 | 0.10 | 0.58 | 3.54 | 1.22 | 0.48 | ||
| -9.3% | -0.3% | 7.5% | -1.1% | 18.2% | 1.1% | -16.3% | 42.0% | 52.2% | -2.0% | 43.1% | -3.5% | -953.8% | 57.4% | 43.4% | 5.4% | 37.3% | ||
| -8.5% | -0.2% | 6.6% | -0.3% | 7.1% | 1.0% | -7.2% | 27.4% | 37.1% | -0.7% | 42.8% | -2.8% | -869.7% | 36.4% | 9.6% | 2.4% | 25.2% | ||
| 45.07 | 41.05 | 15.42 | 64.12 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,573 | - | - | - | €20,065 |
| Intangible fixed assets | - | - | - | - | €29,994 |
| Financial fixed assets | - | €30,000 | - | €8,000 | €20,000 |
| €11,199 | €7,294 | €7,294 | €7,772 | €3,285 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €5,591, larger than the loss of €2,120 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total falls from 24.3% to 9.3%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| GLOBAL LINK Projects
registered office since 23-03-2018 · founded in 2006 |
total assets €321,908 (2025) 0878.917.592 |
| QD-tec
registered office since 18-04-2011 · founded in 2011 |
total assets €265,097 (2025) 0835.620.455 |
| Name | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| GLOBAL LINK Projects | 31% | 20% | ||
| GLOBAL LINK-INSECT FARMING | 40% | |||
Source: list of holdings in its own accounts
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| VELA registered office Kerkstraat 16, 2330 Merksplas 81100 Combined facilities support activities | 21-10-2008 | 2.174.427.422 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13023I0185/00G004 | 2.3 ha | 1 · 796 m² | 12.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0807.243.896
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