VEOS
ActiveVEOS has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.38M and a net result of €11.83M. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency64▼-1
Growth70▼-1
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.8M at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.92 in 2024), and 55.8% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
44.2%
Return on assets
20.6%
Age of the figures
8 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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
31 d early
2023
50 d early
2022
56 d early
2021
26 d early
2020
8 d early
2019
26 d late
← before the deadline
after the deadline →
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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€62.24M▲ 2.3%
2024 · €60.85M
2018: €39.27M
2019: €44.80M
2020: €44.04M
2021: €48.95M
2022: €56.86M
2023: €56.61M
2024: €60.85M
2018 → 2025
EBIT margin
25.3%▼ 0.7pp
2024 · 26.0%
2018: 11.8%
2019: 15.8%
2020: 17.4%
2021: 24.6%
2022: 22.9%
2023: 24.8%
2024: 26.0%
2018 → 2025
Net result
€11.83M▼ 2.1%
2024 · €12.09M
2018: €3.36M
2019: €5.23M
2020: €3.46M
2021: €9.29M
2022: €9.96M
2023: €10.66M
2024: €12.09M
2018 → 2025
Working capital
€-3.42M▼ 98.4%
2024 · €-1.72M
2018: €3.91M
2019: €11.95M
2020: €7.89M
2021: €6.38M
2022: €9.56M
2023: €4.84M
2024: €-1.72M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€48.95M-€56.86M▲ 16.1%€56.61M▼ 0.4%€60.85M▲ 7.5%€62.24M▲ 2.3%
Equity€16.17M-€20.29M▲ 25.5%€21.29M▲ 4.9%€23.38M▲ 9.8%€25.38M▲ 8.6%
Operating result€12.05M-€13.00M▲ 7.9%€14.02M▲ 7.8%€15.82M▲ 12.9%€15.78M▼ 0.3%
Net result€9.29M-€9.96M▲ 7.1%€10.66M▲ 7.1%€12.09M▲ 13.4%€11.83M▼ 2.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57.41M
Fixed assets
€34.30M▲ 4.7%
Current assets
€23.11M▲ 18.0%
Equity and liabilities €57.41M
Equity
€25.38M▲ 8.6%
Debt
€32.03M▲ 10.6%
The debt ratio rises from 55.3% to 55.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€22.45M▲
2024 · €21.14M
Cash flow
€18.50M▲
2024 · €17.40M
Solvency
44.2%▼
2024 · 44.7%
Current ratio
0.87▼
2024 · 0.92
Quick ratio
0.66▼
2024 · 0.68
Debt / equity
1.26▲
2024 · 1.24
ROE
46.6%▼
2024 · 51.7%
ROA
20.6%▼
2024 · 23.1%
Interest coverage
90.68▲
2024 · 65.36
Debt
€32.03M▲
2024 · €28.96M
Debt ≤ 1 year
€26.53M▲
2024 · €21.31M
Debt > 1 year
€5.17M▼
2024 · €7.65M
Income taxes
€3.61M▼
2024 · €3.63M
Staff costs
€4.86M▲
2024 · €4.64M
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€52.34M€57.41M▲
Fixed assets21/28€32.75M€34.30M▲
Intangible fixed assets21€153k€148k▼
Tangible fixed assets22/27€32.59M€34.14M▲
Land and buildings22€16.82M€16.71M▼
Plant, machinery and equipment23€15.27M€16.59M▲
Furniture and vehicles24€498k€397k▼
Assets under construction and advance payments27-€449k
Financial fixed assets28€13k€13k=
Other financial fixed assets284/8€13k€13k=
Shares284€12k€12k=
Amounts receivable and cash guarantees285/8€115€115=
Current assets29/58€19.58M€23.11M▲
Stocks and contracts in progress3€5.13M€5.47M▲
Stocks30/36€5.13M€5.47M▲
Raw materials and consumables30/31€690k€953k▲
Finished goods33€4.32M€4.42M▲
Goods purchased for resale34€124k€103k▼
Amounts receivable within one year40/41€9.55M€10.84M▲
Trade receivables40€8.52M€8.95M▲
Other amounts receivable41€1.04M€1.89M▲
Current investments50/53€3.00M€3.00M=
Other investments51/53€3.00M€3.00M=
Cash at bank and in hand54/58€1.78M€3.71M▲
Deferred charges and accrued income490/1€118k€83k▼
Equity and liabilities
Total equity and liabilities10/49€52.34M€57.41M▲
Equity10/15€23.38M€25.38M▲
Contributions10/11€571k€571k=
Capital10€571k€571k=
Issued capital100€571k€571k=
Reserves13€22.81M€24.81M▲
Non-distributable reserves130/1€73k€73k=
Legal reserve130€57k€57k=
Own shares acquired1312€16k€16k=
Tax-exempt reserves132€5.62M€6.62M▲
Distributable reserves133€17.11M€18.11M▲
Amounts payable17/49€28.96M€32.03M▲
Amounts payable after more than one year17€7.65M€5.17M▼
Financial debts170/4€7.65M€5.17M▼
Credit institutions173€7.65M€5.17M▼
Amounts payable within one year42/48€21.31M€26.53M▲
Current portion of amounts payable after more than one year42€2.40M€2.47M▲
Trade debts44€7.74M€4.75M▼
Suppliers440/4€7.74M€4.75M▼
Taxes, remuneration and social security45€1.16M€1.74M▲
Taxes450/3€587k€1.15M▲
Remuneration and social security454/9€576k€591k▲
Other amounts payable47/48€9.99M€17.57M▲
Accrued charges and deferred income492/3-€324k
Income statement
Code20242025
Operating income70/76A€59.99M€62.98M▲
Turnover70€60.85M€62.24M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-1.96M€6k▲
Other operating income74€1.08M€689k▼
Non-recurring operating income76A€17k€41k▲
Operating charges60/66A€44.17M€47.20M▲
Goods for resale, raw materials and consumables60€17.63M€18.25M▲
Purchases600/8€17.73M€18.49M▲
Change in stocks: decrease (increase)609€-104k€-243k▼
Services and other goods61€16.73M€17.22M▲
Remuneration, social security and pensions62€4.64M€4.86M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.31M€6.67M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-345k€-94k▲
Other operating charges640/8€173k€204k▲
Non-recurring operating charges66A€28k€80k▲
Operating profit (loss)9901€15.82M€15.78M▼
Financial income75/76B€261k€60k▼
Recurring financial income75€261k€60k▼
Income from financial fixed assets750€375-
Income from current assets751€203k€30k▼
Other financial income752/9€57k€29k▼
Financial charges65/66B€362k€399k▲
Recurring financial charges65€362k€399k▲
Debt charges650€323k€248k▼
Other financial charges652/9€39k€152k▲
Profit (loss) for the period before taxes9903€15.72M€15.44M▼
Income taxes67/77€3.63M€3.61M▼
Taxes670/3€3.63M€3.61M▼
Profit (loss) for the period9904€12.09M€11.83M▼
Transfer to tax-exempt reserves689€1,000k€1,000k=
Profit (loss) for the period to be appropriated9905€11.09M€10.83M▼
Appropriation of the result
Profit (loss) to be appropriated9906€11.09M€10.83M▼
Transfer to equity691/2€1.09M€1.00M▼
To other reserves6921€1.09M€1.00M▼
Profit to be distributed694/7€9.99M€9.83M▼
Return on contributions (dividend)694€9.99M€9.83M▼
Social balance
Average headcount (FTE)908761.964.1▲
The notes to these accounts (68 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €25MEq €25.38M ▲8.6%
8 profitable years in a row build equity to €25.38M.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €12.09M ▲13.4%
Operating result €15.82M, net result €12.09M, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
31-12
Financial
Equity above €25MEq €28.39M ▲22.6%
2 profitable years in a row build equity to €28.39M.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Wingene · 1 establishment unit since 1997
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.
Akkerstraat 4A8750 WingeneGround area
3.9 ha
Building footprint
7,794 m²
Parcel 37019C0221/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
VEOS
since 19972.010.095.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0221/00D000 | Flanders | 3.9 ha | 1 · 7,794 m² | - |
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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BELTASTE HAMONT
BE 0416.451.682
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MEAT & MORE
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DeliBarn Waarschoot
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Of 326 companies in sector 10130 we hold annual accounts for 230. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-05-1974
Fiscal year end31-12
Activities, NACEBEL
10130Manufacture of food products
15131
20140Manufacture of chemicals and chemical products
24140
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.