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VENETO

Active
Private limited companyfounded 20169 yrs activeBaronielaan 53, 8870 Izegem, BelgiumKBO/BCE: BE 0667.878.454
Summary

VENETO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €535,196 and a net result of -€136,158. Equity is shrinking by ~6.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-13
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 4.58 against 5.36 in 2024; short-term debt: 21.3% and cash: 4.3% of total assets), and 21.3% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€136,158
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 05-06-2026, 56 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
56 d early
2024
52 d late
2023
30 d late
2022
5 d early
2021
48 d early
2020
30 d early
2019
13 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 26 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VENETO was incorporated on 20 December 2016.1 Total assets fell from EUR 1.8 million in 2018 to EUR 680,148 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€535,196▼ 20.3%
2024 · €671,355
Total assets
€680,148▼ 16.8%
2024 · €817,913
Net result
-€136,158▼ 277%
2024 · -€36,131
Working capital
€518,831▼ 18.8%
2024 · €639,342
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€42,092-€70,027▼ 66.4%€74,281-€18,175-€75,638▼ 316%
Net result-€59,312-€94,197▼ 58.8%€77,529-€36,131-€136,158▼ 277%
Equity€724,154▼ 7.6%€629,957▼ 13.0%€707,486▲ 12.3%€671,355▼ 5.1%€535,196▼ 20.3%
Total assets€909,738▼ 45.8%€1.6m▲ 79.1%€1.0m▼ 38.6%€817,913▼ 18.2%€680,148▼ 16.8%
Debt€185,584▼ 79.2%€998,943▲ 438%€292,941▼ 70.7%€146,558▼ 50.0%€144,951▼ 1.1%
Working capital€710,270▲ 3.1%€588,947▼ 17.1%€666,072▲ 13.1%€639,342▼ 4.0%€518,831▼ 18.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2025 Net result -277% on 2024. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000Operating result 2021: -€42,092-€42,092Net result 2021: -€59,312-€59,312Operating result 2022: -€70,027-€70,027Net result 2022: -€94,197-€94,197Operating result 2023: €74,281€74,281Net result 2023: €77,529€77,529Operating result 2024: -€18,175-€18,175Net result 2024: -€36,131-€36,131Operating result 2025: -€75,638-€75,638Net result 2025: -€136,158-€136,15820212022202320242025-€200,000-€100,000€0€100,000Operating result 2023: €74,281€74,300Net result 2023: €77,529€77,500Operating result 2024: -€18,175-€18,200Net result 2024: -€36,131-€36,100Operating result 2025: -€75,638-€75,600Net result 2025: -€136,158-€136,000202320242025
The operating result stays negative: a loss of €75,638 in 2025 against €18,175 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €680,148
Fixed assets €16,365 ▼ 48.9%
Current assets €663,783 ▼ 15.5%
Equity and liabilities €680,148
Equity €535,196 ▼ 20.3%
Debt €144,951 ▼ 1.1%
Debt's share of the balance-sheet total rises from 17.9% to 21.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€66,552▼
2024 · -€8,774
Cash flow
-€127,072▼
2024 · -€26,730
Current ratio
4.58▼
2024 · 5.36
Debt to equity
0.27▲
2024 · 0.22
ROE
-25.4%▼
2024 · -5.4%
ROA
-20.0%▼
2024 · -4.4%
Interest coverage
-0.49▲
2024 · -0.51
Debt ≤ 1 year
€144,951▼
2024 · €146,558
Income taxes
€861▼
2024 · €903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 224 companies that looked in July 2024 the way this one looks now, 4.0% went bankrupt within 24 months and 88% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
4.0% went bankrupt
7.1% stopped otherwise
88% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 224 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€817,913€680,148▼
Fixed assets21/28€32,013€16,365▼
Tangible fixed assets22/27€29,488€13,865▼
Land and buildings22€3,168-
Furniture and vehicles24€26,320€13,865▼
Financial fixed assets28€2,525€2,500▼
Current assets29/58€785,900€663,783▼
Stocks and contracts in progress3€210,132-
Stocks30/36€210,132-
Amounts receivable within one year40/41€303,442€206,500▼
Trade receivables40€4,900-
Other amounts receivable41€298,542€206,500▼
Current investments50/53€250,000€425,000▲
Cash at bank and in hand54/58€18,838€28,996▲
Deferred charges and accrued income490/1€3,489€3,287▼
Equity and liabilities
Total equity and liabilities10/49€817,913€680,148▼
Equity10/15€671,355€535,196▼
Contributions10/11€1.3m€1.3m=
Reserves13€573€573=
Distributable reserves133€573€573=
Profit (loss) carried forward14-€637,218-€773,376▼
Amounts payable17/49€146,558€144,951▼
Amounts payable within one year42/48€146,558€144,951▼
Trade debts44€2,422€2,029▼
Suppliers440/4€2,422€2,029▼
Taxes, remuneration and social security45€1,657€1,931▲
Taxes450/3€1,657€1,931▲
Other amounts payable47/48€142,479€140,991▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,401€9,086▼
Other operating charges640/8€2,967€7,594▲
Non-recurring operating charges66A-€6,537
Gross operating margin9900-€5,808-€52,421▼
Operating profit (loss)9901-€18,175-€75,638▼
Financial income75/76B-€74,932
Recurring financial income75-€74,932
Financial charges65/66B€17,053€134,591▲
Recurring financial charges65€17,053€134,591▲
Profit (loss) for the period before taxes9903-€35,228-€135,297▼
Income taxes67/77€903€861▼
Profit (loss) for the period9904-€36,131-€136,158▼
Profit (loss) for the period to be appropriated9905-€36,131-€136,158▼
Appropriation of the result
Profit (loss) to be appropriated9906-€637,218-€773,376▼
Profit (loss) brought forward from the previous period14P-€601,087-€637,218▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,657€5,364€8,315€9,401€9,086▼ 3.3%
Other operating charges640/8€4,131€20,874€3,133€2,967€7,594▲ 156%
Non-recurring operating charges66A----€6,537-
Gross operating margin9900-€22,304-€43,790€85,729-€5,808-€52,421▼ 803%
Operating profit (loss)9901-€42,092-€70,027€74,281-€18,175-€75,638▼ 316%
Financial income75/76B€0€16€25,200-€74,932-
Recurring financial income75€0€16€25,200-€74,932-
Financial charges65/66B€16,517€23,444€21,145€17,053€134,591▲ 689%
Recurring financial charges65€16,517€23,444€21,145€17,053€134,591▲ 689%
Profit (loss) for the period before taxes9903-€58,609-€93,455€78,336-€35,228-€135,297▼ 284%
Income taxes67/77€703€742€807€903€861▼ 4.6%
Profit (loss) for the period9904-€59,312-€94,197€77,529-€36,131-€136,158▼ 277%
Profit (loss) for the period to be appropriated9905-€59,312-€94,197€77,529-€36,131-€136,158▼ 277%
Line20212022202320242025Change
Assets
Total assets20/58€909,738€1.6m€1.0m€817,913€680,148▼ 16.8%
Fixed assets21/28€13,884€41,010€41,414€32,013€16,365▼ 48.9%
Tangible fixed assets22/27€13,859€38,485€38,889€29,488€13,865▼ 53.0%
Land and buildings22€6,701€5,524€4,346€3,168--
Furniture and vehicles24€7,157€32,962€34,543€26,320€13,865▼ 47.3%
Leasing and similar rights25€0-----
Financial fixed assets28€25€2,525€2,525€2,525€2,500▼ 1.0%
Current assets29/58€895,854€1.6m€959,013€785,900€663,783▼ 15.5%
Stocks and contracts in progress3€341,699€767,788€314,527€210,132--
Stocks30/36€341,699€767,788€314,527€210,132--
Amounts receivable within one year40/41€272,398€547,116€378,245€303,442€206,500▼ 31.9%
Trade receivables40€45,560€143,139€47,268€4,900--
Other amounts receivable41€226,838€403,977€330,977€298,542€206,500▼ 30.8%
Current investments50/53-€250,000€250,000€250,000€425,000▲ 70.0%
Cash at bank and in hand54/58€278,726€19,372€12,596€18,838€28,996▲ 53.9%
Deferred charges and accrued income490/1€3,031€3,614€3,644€3,489€3,287▼ 5.8%
Equity and liabilities
Total equity and liabilities10/49€909,738€1.6m€1.0m€817,913€680,148▼ 16.8%
Equity10/15€724,154€629,957€707,486€671,355€535,196▼ 20.3%
Contributions10/11€1.3m€1.3m€1.3m€1.3m€1.3m=
Reserves13€573€573€573€573€573=
Distributable reserves133€573€573€573€573€573=
Profit (loss) carried forward14-€584,419-€678,616-€601,087-€637,218-€773,376▼ 21.4%
Amounts payable17/49€185,584€998,943€292,941€146,558€144,951▼ 1.1%
Amounts payable after more than one year17€0-----
Financial debts170/4€0-----
Amounts payable within one year42/48€185,584€998,943€292,941€146,558€144,951▼ 1.1%
Current portion of amounts payable after more than one year42€0-----
Financial debts43-€400,000€120,000---
Credit institutions430/8-€400,000€120,000---
Trade debts44€3,660€9,374€15,766€2,422€2,029▼ 16.2%
Suppliers440/4€3,660€9,374€15,766€2,422€2,029▼ 16.2%
Taxes, remuneration and social security45€4,662€6,367€6,474€1,657€1,931▲ 16.5%
Taxes450/3€4,662€6,367€6,474€1,657€1,931▲ 16.5%
Other amounts payable47/48€177,262€583,202€150,701€142,479€140,991▼ 1.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€59,312-€94,197€77,529-€36,131-€136,158▼ 277%
+ Depreciation and write-downs630€15,657€5,364€8,315€9,401€9,086▼ 3.3%
Operating cash flow (approximation)-€43,655-€88,833€85,844-€26,730-€127,072▼ 375%
Investment in fixed assets (approximation)--€32,490-€8,718€0€6,562-
Change in cash--€259,355-€6,775€6,241€10,159▲ 62.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
21-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 52 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial Back to profitnet €77,529
Net result €77,529 after 2 loss-making years.
31-12
Financial Liquidity doublescurrent ratio 3.27
Current ratio from 1.59 to 3.27; short-term debt falls from €998,943 to €292,941.
26-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity triplescurrent ratio 4.83
Current ratio from 1.77 to 4.83; short-term debt falls from €891,555 to €185,584.
01-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Back to profitnet €2,405
Net result €2,405 after 2 loss-making years.
13-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
26-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Izegem · 1 establishment unit since 2016
seat establishment The establishment unit on the map
Ground area
1,855 m²
Building footprint
275 m²
Volume, LiDAR
1,631 m³
Parcel 36493B0418/00H000, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Pol Vanacker
Baronielaan 53, 8870 IzegemBusiness consulting
since 20162.259.492.858
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36493B0418/00H000 Flanders 1,855 m² 1 · 274 m² 12.1 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2025 annual accounts of VENETO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

64885GPP9Z02UG75U437
no longer live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded20-12-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.