Summary
VEMATIKA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €406k and a net result of €67k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 2399 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 2399 sector peers (2025).
NBB · sector comparisonPosition among 2399 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
3 d late
2023
2 d early
2022
5 d early
2021
6 d early
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€406k▲ 19.7%
2024 · €339k
Net result
€67k▲ 1,261%
2024 · €5k
Total assets
€2.95M▲ 1.7%
2024 · €2.90M
Solvency
13.8%▲ 2.1pp
2024 · 11.7%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€69k▲ 23.3%€58k▼ 16.5%€42k▼ 26.7%€55k▲ 31.0%€174k▲ 215%
Net result€32k▲ 40.7%€25k▼ 23.3%€15k▼ 39.8%€5k▼ 66.9%€67k▲ 1,261%
Equity€295k▲ 12.3%€319k▲ 8.4%€334k▲ 4.6%€339k▲ 1.5%€406k▲ 19.7%
Total assets€1.51M▼ 3.6%€1.30M▼ 14.1%€1.42M▲ 9.3%€2.90M▲ 105%€2.95M▲ 1.7%
Debt€1.25M▼ 6.0%€977k▼ 21.6%€1.08M▲ 10.9%€2.56M▲ 136%€2.54M▼ 0.6%
Working capital€-870k▼ 1.6%€-794k▲ 8.8%€-941k▼ 18.5%€-816k▲ 13.3%€-949k▼ 16.3%
Solvency19.5%▲ 2.8pp24.6%▲ 5.1pp23.6%▼ 1.1pp11.7%▼ 11.9pp13.8%▲ 2.1pp
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 215% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.95M
Fixed assets
€2.85M ▲ 5.2%
Current assets
€101k ▼ 47.3%
Equity and liabilities €2.95M
Equity
€406k ▲ 19.7%
Debt
€2.54M ▼ 0.6%
Debt's share of the balance-sheet total falls from 88.3% to 86.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
16.4%▲
2024 · 1.4%
ROA
2.3%▲
2024 · 0.2%
Debt ≤ 1 year
€1.05M▲
2024 · €1.01M
Debt > 1 year
€1.48M▼
2024 · €1.54M
Income taxes
€17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €26k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €84k | €85k | €83k | €104k | €147k | ▲ 41.0% |
| Other operating charges640/8 | - | €17k | €15k | €18k | €20k | ▲ 10.5% |
| Gross operating margin9900 | €163k | €159k | €140k | €178k | €341k | ▲ 92.1% |
| Operating profit (loss)9901 | €69k | €58k | €42k | €55k | €174k | ▲ 215% |
| Financial income75/76B | - | €1 | - | €2k | €414 | ▼ 75.2% |
| Recurring financial income75 | €194 | €1 | - | €2k | €414 | ▼ 75.2% |
| Financial charges65/66B | - | €21k | €22k | €52k | €91k | ▲ 75.2% |
| Recurring financial charges65 | €21k | €21k | €22k | €52k | €91k | ▲ 75.2% |
| Profit (loss) for the period before taxes9903 | €48k | €37k | €21k | €5k | €84k | ▲ 1,603% |
| Income taxes67/77 | €16k | €12k | €6k | - | €17k | - |
| Profit (loss) for the period9904 | €32k | €25k | €15k | €5k | €67k | ▲ 1,261% |
| Profit (loss) for the period to be appropriated9905 | €32k | €25k | €15k | €5k | €67k | ▲ 1,261% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.51M | €1.30M | €1.42M | €2.90M | €2.95M | ▲ 1.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.45M | €1.29M | €1.39M | €2.71M | €2.85M | ▲ 5.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.45M | €1.29M | €1.39M | €2.71M | €2.85M | ▲ 5.2% |
| Land and buildings22 | - | €1.27M | €1.38M | €2.68M | €2.81M | ▲ 5.0% |
| Plant, machinery and equipment23 | - | €15k | €13k | €11k | €9k | ▼ 18.1% |
| Furniture and vehicles24 | - | - | - | €16k | €24k | ▲ 55.9% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €64k | €8k | €23k | €193k | €101k | ▼ 47.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €54k | €2k | €10k | €12k | €88k | ▲ 621% |
| Trade receivables40 | - | - | €7k | €11k | €84k | ▲ 692% |
| Other amounts receivable41 | - | €2k | €3k | €2k | €4k | ▲ 157% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €34k | €6k | €9k | €176k | €8k | ▼ 95.6% |
| Deferred charges and accrued income490/1 | - | - | €4k | €5k | €6k | ▲ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.51M | €1.30M | €1.42M | €2.90M | €2.95M | ▲ 1.7% |
| Equity10/15 | €295k | €319k | €334k | €339k | €406k | ▲ 19.7% |
| Contributions10/11 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €233k | €257k | €272k | €277k | €344k | ▲ 24.1% |
| Distributable reserves133 | - | €257k | €272k | €277k | €344k | ▲ 24.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.25M | €977k | €1.08M | €2.56M | €2.54M | ▼ 0.6% |
| Amounts payable after more than one year17 | €308k | €176k | €119k | €1.54M | €1.48M | ▼ 3.8% |
| Financial debts170/4 | - | €176k | €119k | €1.54M | €1.48M | ▼ 3.8% |
| Amounts payable within one year42/48 | €934k | €801k | €964k | €1.01M | €1.05M | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | - | €66k | €57k | €130k | €150k | ▲ 15.8% |
| Trade debts44 | €23k | €9k | €180k | €142k | €7k | ▼ 95.2% |
| Suppliers440/4 | - | €9k | €180k | €142k | €7k | ▼ 95.2% |
| Taxes, remuneration and social security45 | - | €2k | €10k | €23k | €36k | ▲ 58.3% |
| Taxes450/3 | - | €2k | €10k | €23k | €36k | ▲ 58.3% |
| Other amounts payable47/48 | - | €724k | €717k | €714k | €857k | ▲ 20.1% |
| Accrued charges and deferred income492/3 | - | - | €700 | €10k | €9k | ▼ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €25k | €15k | €5k | €67k | ▲ 1,261% |
| + Depreciation and write-downs630 | €84k | €85k | €83k | €104k | €147k | ▲ 41.0% |
| Operating cash flow (approximation) | €116k | €109k | €98k | €109k | €214k | ▲ 95.8% |
| Investment in fixed assets (approximation) | - | €72k | €-188k | €-1.42M | €-288k | ▲ 79.6% |
| Change in cash | - | €-28k | €3k | €167k | €-168k | ▼ 201% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €67k ▲1,261%
Operating result €174k, net result €67k, both a record.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet €5k ▼66.9%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Estaimpuis · 1 establishment unit since 2002
Ground area
838 m²
Building footprint
273 m²
Volume, LiDAR
1,298 m³
Parcel 57046B0193/00P000, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VEMATIKA
since 20022.191.466.560
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57046B0193/00P000 | Wallonia | 838 m² | 1 · 273 m² | 6.7 m · 2 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.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,733 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
Founded27-06-2002
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.