Equity
€58,267 from €102,809 in 2013
Equity fell by 43% in 12 years.
VESA
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002peak €58,008 (2013)
€5,834▼ 82.4%
lowest -€30,535 (2014)
-€13,639▼ €33,142
peak €102,809 (2013)
€58,267▼ 19.0%
€54,902▲ 20.0%
peak 0.6 FTE (2019)
-not published
Board1 name since 2001
1 directorVerbeeck Luc
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €33,144 to €5,834Loss of €13,639Equity from €71,906 to €58,267Debts from €45,764 to €54,902Cash from €55,202 to €35,760
Key points
from the 2025 annual accountsFilings
24 annual accounts since 2002
Two of the last ten came late. The 2022 accounts came latest: 13 days after the end of the period.
Position in the sector
-€13,639
Lower net result than 91% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Checked score
93
Excellent
Financially stronger than 40% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025highest value
03-2025: < 0.1%▼ -0.1 percentage points vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Loss of €13,639 (financial year 2025)
lowers risk
Liquidity: current ratio 4.86, cash €35,760
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €113,169
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 49% of them on solvency, 79% on liquidity, 10% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as VESA has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VESA itself is lower: 0.1% within 12 months. It rests on far more data about VESA than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,831 companies, not a prediction for VESA. 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
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.86 (12.25 in 2024), above the usual 1.5. Short-term debt is 12% and cash 31.6% of total assets. 48.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
4 days late
2023
70 days early
2022
13 days late
2021
3 days early
2020
18 days early
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474525186
Incorporation
published on 19-04-2001 · Gazette deed
First establishment
Hospitaalstraat 40, Boom
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VESA Boom | €113,169 | €5,834 | 51.5% | - |
| IONIC Uccle | €119,250 | €4,867 | -360.3% | - |
| Cusher Houthalen-Helchteren | €138,143 | €5,708 | 4.6% | 0 |
| Luc VAN CAMPEN architectuur Boechout | €120,582 | €5,328 | 96.7% | - |
| Veiligheid-Coördinatie-Bouw Putte | €106,012 | €7,352 | 88.4% | - |
| STIPPELIJN Architecten BVBA Antwerp | €119,494 | €4,866 | 90.0% | - |
| BUREAU D'ARCHITECTES IN SITU Ath | €104,210 | €4,901 | 60.6% | 0 |
These companies have the same main activity as VESA: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €104,000 and €138,000, founded between 2000 and 2007.
Official details
Source: KBO- Status
- Active since 06-04-2001Normal situation
- Activity
- Activities of building architectsNACE 71111and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 30-06-2024
- Establishment unit
- 2.133.933.7812850 Boom, since 30-03-2001
- Financial year end
- 30 June
- Peppol
- Reachable since 12-12-2025
Annual accounts to 30-06-2025
- ≈ €37,000estimated
- €113,169▼ 3.8%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on VESA
VESA files the micro format. That format states no turnover. The gross margin fell from €50,932 in 2007 to €5,834 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 VESA
- What is the company number of VESA?
- The company number of VESA is 0474.525.186. The VAT number is the same number with BE in front: BE 0474.525.186.
- Where is VESA based?
- The registered office is at Hospitaalstraat 34, 2850 Boom.Company details
- What does VESA do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of VESA?
- VESA is a private limited company (pre-2019) (BVBA).
- When was VESA founded?
- VESA was founded on 06-04-2001.
- Is VESA still active?
- Yes, VESA is an active enterprise in the KBO register.
- How many employees does VESA have?
- VESA had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does VESA fall under?
- In its 30-06-2024 annual accounts, VESA states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VESA?
- The turnover in financial year 2025 is ≈ €37,000. This figure is estimated from the gross margin of €5,834 and 48 comparable companies (NACE 71111). It probably lies between €19,000 and €67,000. It is a rough estimate.
- Is VESA profitable?
- In financial year 2025, VESA made a loss of €13,639.
- Where can I find the annual accounts of VESA?
- VESA filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VESA due?
- VESA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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