Equity
€135,596 ▲ 14.3%
VERITEC has made a profit without a break since 2021.
VERITEC
Lifetime
12 annual accounts with figures on one time axispeak €827,990 (2025)
€827,990▲ 15.6%
lowest -€61,136 (2014)
€16,997▼ 43.2%
peak €135,596 (2025)
€135,596▲ 14.3%
€732,397▼ 11.2%
peak 11.2 FTE (2025)
11.2 FTE▲ 15.5%
Board4 names since 2007
2 directors and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €716,129 to €827,990Result from €29,903 to €16,997Staff from 9.7 FTE to 11.2 FTEEquity from €118,599 to €135,596Investments €83,640
Key points
from the 2025 annual accountsTurnover
≈ €1.8m estimated
The accounts state no turnover.
Debts
€732,397 84% of the balance sheet
Financial debts 27%Suppliers 59%Taxes and wages 9%Other 5%
Of this, €658,322 falls due within a year.
Investments
€83,640 1.9 × depreciation
Green is investment, beige is depreciation. Machinery stands 40.2% higher than in 2024.
Filings
12 annual accounts since 2014
Seven of the last ten came late. The 2018 accounts came latest: 182 days after the end of the period.
Position in the sector
15.6%
Lower solvency than 84% of companies in specialised construction. Sector median 43.1% · 9,273 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as VERITEC has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 4,107 companies, not a prediction for VERITEC. 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.
Credit verdict
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Signals
Board and ownership
Director, , since 26-12-2007
Director,
- 50%equity €40,583 (2025) · 30-06-2024 annual accounts of
- 50%annual accounts 2023
Recent changes
2 directors appointed, 1 resignation
Resignation: · Appointments: (director) and (director) · Permanent representatives: and · General meeting of 02-06-2022 · Gazette deed
New manager
appointed, resigned · Permanent representative: · Director discharge: (manager) · General meeting of 19-06-2019 · Gazette deed
1 manager resigning
(manager) · Permanent representatives: and · Director discharge: · General meeting of 31-03-2016 · Gazette deed
First establishment
Stokstraat 28, Kruisem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VERITEC Kruisem | €867,993 | €827,990 | 15.6% | 11.2 |
| ALFA COOL Haaltert | €813,235 | €836,046 | 25.7% | 12.3 |
| E-TECH Raeren | €939,913 | €808,779 | 19.6% | 12.9 |
| BeTeq Waregem | €902,810 | €715,760 | 13.9% | 11.7 |
| D.I.G.E.L.E.C. La Louvière | €861,225 | €654,691 | 42.3% | 10.2 |
| SECULYN TECHNICS Heusden-Zolder | €737,570 | €812,437 | 21.5% | 10.4 |
| ELECTRICAL & NETWORK SOLUTIONS Aarschot | €976,458 | €769,011 | -6.6% | 13.7 |
These companies have the same main activity as VERITEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €738,000 and €976,000, founded between 2010 and 2015.
Official details
Source: KBO- Status
- Active since 26-02-2013Normal situation
- Activity
- General electrical installation workNACE 43211
- Joint committees
- 200Auxiliary committee for white-collar workers
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.252.053.2559770 Kruisem, since 01-06-2015
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on VERITEC
VERITEC files the abbreviated format. That format states no turnover. The gross margin rose from €152,113 in 2014 to €827,990 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VERITEC
- What is the company number of VERITEC?
- The company number of VERITEC is 0518.953.364. The VAT number is the same number with BE in front: BE 0518.953.364.
- Where is VERITEC based?
- The registered office is at Stokstraat 28, 9770 Kruisem.Company details
- What does VERITEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VERITEC?
- VERITEC is a private limited company (BV).
- When was VERITEC founded?
- VERITEC was founded on 26-02-2013.
- Is VERITEC still active?
- Yes, VERITEC is an active enterprise in the KBO register.
- How many employees does VERITEC have?
- VERITEC had an average of 11.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VERITEC fall under?
- In its 2025 annual accounts, VERITEC states joint committees 200 (Auxiliary committee for white-collar workers) and 149.01 (Electricians: installation and distribution).
- What is the turnover of VERITEC?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €827,990 and 35 comparable companies (NACE 43211). It probably lies between €1.6m and €2.3m.
- Is VERITEC profitable?
- In financial year 2025, VERITEC made a profit of €16,997.
- Where can I find the annual accounts of VERITEC?
- VERITEC filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VERITEC due?
- VERITEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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