VEN
ActiveSummary
VEN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195,320 and a net result of €215,982. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-29
Solvency68▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 0.75 in 2024; short-term debt: 56.4% and cash: 88.5% of total assets), but 57% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
43%
Return on assets
47.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
29 d early
2023
28 d early
2022
32 d early
2021
97 d early
2020
128 d early
2019
63 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 56 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€195,320▲ 146%
2024 · €79,338
Total assets
€454,319▲ 190%
2024 · €156,867
Net result
€215,982▲ 1,539%
2024 · €13,176
Working capital
€191,857
2024 · -€18,553
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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€9,592▼ 8.2%€25,597▲ 167%€20,811▼ 18.7%€22,671▲ 8.9%-€56,220
Net result€5,048below the sector's middle half▼ 17.8%€19,483within the sector's middle half▲ 286%€11,811within the sector's middle half▼ 39.4%€13,176within the sector's middle half▲ 11.6%€215,982above the sector's middle half▲ 1,539%
Equity€46,868within the sector's middle half▲ 36.6%€54,351within the sector's middle half▲ 16.0%€66,162within the sector's middle half▲ 21.7%€79,338within the sector's middle half▲ 19.9%€195,320within the sector's middle half▲ 146%
Total assets€170,418within the sector's middle half▲ 55.5%€172,078within the sector's middle half▲ 1.0%€161,594within the sector's middle half▼ 6.1%€156,867within the sector's middle half▼ 2.9%€454,319within the sector's middle half▲ 190%
Debt€123,549▲ 64.1%€117,727▼ 4.7%€95,432▼ 18.9%€77,529▼ 18.8%€258,999▲ 234%
Working capital€8,124▲ 181%-€6,198-€22,379▼ 261%-€18,553▲ 17.1%€191,857
Solvency27.5%below the sector's middle half▼ 3.8pp31.6%within the sector's middle half▲ 4.1pp40.9%within the sector's middle half▲ 9.4pp50.6%within the sector's middle half▲ 9.6pp43.0%within the sector's middle half▼ 7.6pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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
The operating result turns negative in 2025: a loss of €56,220 after €22,671 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €454,319
Fixed assets
€6,006 ▼ 94.0%
Current assets
€448,313 ▲ 688%
Equity and liabilities €454,319
Equity
€195,320 ▲ 146%
Debt
€258,999 ▲ 234%
Debt's share of the balance-sheet total rises from 49.4% to 57.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€55,023▼
2024 · €23,714
Cash flow
€217,180▲
2024 · €14,218
Current ratio
1.75▲
2024 · 0.75
Debt to equity
1.33▲
2024 · 0.98
ROE
110.6%▲
2024 · 16.6%
ROA
47.5%▲
2024 · 8.4%
Interest coverage
-25.25▼
2024 · 21.81
Debt ≤ 1 year
€256,456▲
2024 · €75,420
Debt > 1 year
€0▼
2024 · €1,000
Income taxes
€55,624▲
2024 · €8,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | €4,072 | €0 | - | - | €4,525 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,951 | €2,699 | €2,699 | €1,043 | €1,197 | ▲ 14.8% |
| Other operating charges640/8 | €1,776 | €1,137 | €1,236 | €1,362 | €940 | ▼ 31.0% |
| Gross operating margin9900 | €13,319 | €29,433 | €24,746 | €25,076 | -€54,083 | ▼ 316% |
| Operating profit (loss)9901 | €9,592 | €25,597 | €20,811 | €22,671 | -€56,220 | ▼ 348% |
| Financial income75/76B | €1 | €0 | €0 | €0 | €330,005 | - |
| Recurring financial income75 | €1 | €0 | €0 | €0 | €5 | - |
| Non-recurring financial income76B | - | - | - | - | €330,000 | - |
| Financial charges65/66B | €967 | €1,154 | €1,184 | €1,087 | €2,179 | ▲ 100% |
| Recurring financial charges65 | €967 | €1,154 | €1,184 | €1,087 | €2,179 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €8,626 | €24,444 | €19,627 | €21,584 | €271,606 | ▲ 1,158% |
| Income taxes67/77 | €3,578 | €4,961 | €7,817 | €8,408 | €55,624 | ▲ 562% |
| Profit (loss) for the period9904 | €5,048 | €19,483 | €11,811 | €13,176 | €215,982 | ▲ 1,539% |
| Profit (loss) for the period to be appropriated9905 | €5,048 | €19,483 | €11,811 | €13,176 | €215,982 | ▲ 1,539% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170,418 | €172,078 | €161,594 | €156,867 | €454,319 | ▲ 190% |
| Fixed assets21/28 | €106,440 | €103,741 | €101,043 | €100,000 | €6,006 | ▼ 94.0% |
| Tangible fixed assets22/27 | €6,440 | €3,741 | €1,043 | €0 | €6,006 | - |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €6,440 | €3,741 | €1,043 | €0 | €6,006 | - |
| Financial fixed assets28 | €100,000 | €100,000 | €100,000 | €100,000 | €0 | ▼ 100% |
| Current assets29/58 | €63,978 | €68,337 | €60,552 | €56,867 | €448,313 | ▲ 688% |
| Amounts receivable within one year40/41 | €28,915 | €31,127 | €26,880 | €33,671 | €41,437 | ▲ 23.1% |
| Trade receivables40 | €28,915 | €30,125 | €26,335 | €33,545 | €31,755 | ▼ 5.3% |
| Other amounts receivable41 | €0 | €1,002 | €545 | €126 | €9,682 | ▲ 7,584% |
| Cash at bank and in hand54/58 | €12,646 | €18,682 | €20,076 | €14,436 | €401,930 | ▲ 2,684% |
| Deferred charges and accrued income490/1 | €22,417 | €18,528 | €13,596 | €8,760 | €4,946 | ▼ 43.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170,418 | €172,078 | €161,594 | €156,867 | €454,319 | ▲ 190% |
| Equity10/15 | €46,868 | €54,351 | €66,162 | €79,338 | €195,320 | ▲ 146% |
| Contributions10/11 | €26,200 | €26,200 | €26,200 | €26,200 | €26,200 | = |
| Reserves13 | €20,668 | €28,151 | €39,962 | €53,138 | €169,120 | ▲ 218% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €20,668 | €28,151 | €39,962 | €53,138 | €169,120 | ▲ 218% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €123,549 | €117,727 | €95,432 | €77,529 | €258,999 | ▲ 234% |
| Amounts payable after more than one year17 | €67,644 | €42,838 | €11,789 | €1,000 | €0 | ▼ 100% |
| Financial debts170/4 | €67,644 | €42,838 | €11,789 | €1,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €55,853 | €74,535 | €82,931 | €75,420 | €256,456 | ▲ 240% |
| Current portion of amounts payable after more than one year42 | €18,567 | €18,806 | €25,048 | €10,789 | €1,000 | ▼ 90.7% |
| Financial debts43 | €1,003 | €1,003 | €1,632 | €0 | €356 | - |
| Credit institutions430/8 | €1,003 | €1,003 | €1,632 | €0 | €356 | - |
| Trade debts44 | €33,285 | €35,566 | €47,651 | €37,408 | €130,808 | ▲ 250% |
| Suppliers440/4 | €33,285 | €35,566 | €47,651 | €37,408 | €130,808 | ▲ 250% |
| Taxes, remuneration and social security45 | €2,969 | €4,583 | €5,778 | €6,568 | €124 | ▼ 98.1% |
| Taxes450/3 | €2,969 | €4,583 | €5,778 | €6,568 | €124 | ▼ 98.1% |
| Other amounts payable47/48 | €29 | €14,576 | €2,822 | €20,656 | €124,168 | ▲ 501% |
| Accrued charges and deferred income492/3 | €53 | €355 | €712 | €1,109 | €2,543 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,048 | €19,483 | €11,811 | €13,176 | €215,982 | ▲ 1,539% |
| + Depreciation and write-downs630 | €1,951 | €2,699 | €2,699 | €1,043 | €1,197 | ▲ 14.8% |
| Operating cash flow (approximation) | €6,999 | €22,182 | €14,510 | €14,218 | €217,180 | ▲ 1,427% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €92,797 | - |
| Change in cash | - | €6,036 | €1,395 | -€5,640 | €387,494 | ▲ 6,970% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €215,982 ▲1,539%
Net result €215,982, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.75
Current ratio from 0.75 to 1.75.
31-12
Financial
Equity above €150,000Eq €195,320 ▲146%
8 profitable years in a row build equity to €195,320.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Maarkedal · 1 establishment unit since 1991
Ground area
286 m²
Building footprint
157 m²
Volume, LiDAR
854 m³
Parcel 45032C1141/00F003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Nitterveldstraat 9, 9681 Maarkedal
since 19912.053.381.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45032C1141/00F003 | Flanders | 286 m² | 1 · 157 m² | 9.0 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.
Similar companies · same sector, comparable size
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de TERWANGNE en C°
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EFFIGEST
BE 0457.873.157
Pont-à-Celles · Eq €195,542
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,395 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
Founded29-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
Phone
055/38.62.71Maarkedal
Fax
055/38.55.10Maarkedal
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444439251
Also
9925:BE0444439251
Registered
25-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.