VETAK
ActiveSummary
VETAK has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265,607 and a net result of -€20,072. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 21% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-4
Solvency39▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.28 in 2024; short-term debt: 85.9% and cash: 0.2% of total assets), and 85.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% 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
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,072
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 114 sector peers (2025).
NBB · sector comparisonPosition among 114 sector peers
Solvency
better than 21%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
6 d early
2023
12 d early
2022
11 d early
2021
26 d late
2020
12 d early
2019
29 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 9 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% 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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€20,072▼ 968%
2024 · -€1,880
Working capital
-€1.1m▼ 1.8%
2024 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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-€34,834€59,505€102,522▲ 72.3%€57,370▼ 44.0%€40,694▼ 29.1%
Net result-€100,334below the sector's middle half▼ 59.1%-€1,501below the sector's middle half▲ 98.5%€43,104within the sector's middle half-€1,880within the sector's middle half-€20,072below the sector's middle half▼ 968%
Equity€245,956below the sector's middle half▼ 29.0%€244,455below the sector's middle half▼ 0.6%€287,559below the sector's middle half▲ 17.6%€285,679below the sector's middle half▼ 0.7%€265,607within the sector's middle half▼ 7.0%
Total assets€1.8mbelow the sector's middle half▼ 6.7%€1.8mbelow the sector's middle half▲ 3.4%€1.9mbelow the sector's middle half▲ 1.0%€1.8mbelow the sector's middle half▼ 1.0%€1.9mwithin the sector's middle half▲ 2.6%
Debt€1.5m▼ 1.8%€1.6m▲ 4.0%€1.6m▼ 1.5%€1.6m▼ 1.0%€1.6m▲ 4.4%
Working capital-€1.2mbelow the sector's middle half▼ 9.6%-€1.2mbelow the sector's middle half▼ 0.1%-€1.1mbelow the sector's middle half▲ 3.8%-€1.1mbelow the sector's middle half▼ 0.1%-€1.1mbelow the sector's middle half▼ 1.8%
Solvency13.8%below the sector's middle half▼ 4.3pp13.3%below the sector's middle half▼ 0.5pp15.5%below the sector's middle half▲ 2.2pp15.5%below the sector's middle half=14.1%below the sector's middle half▼ 1.5pp
Current ratio0.24below the sector's middle half▼ 0.080.27below the sector's middle half▲ 0.030.28below the sector's middle half▲ 0.020.28below the sector's middle half▼ 0.010.29below the sector's middle half▲ 0.02
Return on assets (ROA)-5.6%below the sector's middle half▼ 2.3pp-0.1%below the sector's middle half▲ 5.6pp2.3%within the sector's middle half▲ 2.4pp-0.1%within the sector's middle half▼ 2.4pp-1.1%below the sector's middle half▼ 1.0pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.4m =
Current assets
€477,151 ▲ 11.3%
Equity and liabilities €1.9m
Equity
€265,607 ▼ 7.0%
Debt
€1.6m ▲ 4.4%
Debt's share of the balance-sheet total rises from 84.5% to 85.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40,836▼
2024 · €57,730
Cash flow
-€19,930▼
2024 · -€1,519
Debt to equity
6.11▲
2024 · 5.44
ROE
-7.6%▼
2024 · -0.7%
Interest coverage
0.67▼
2024 · 0.97
Debt ≤ 1 year
€1.6m▲
2024 · €1.6m
Income taxes
€193▲
2024 · €128
Staff costs
€1,440▼
2024 · €1,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €689 | €1,432 | €1,690 | €1,690 | €1,440 | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €587 | €934 | €947 | €360 | €142 | ▼ 60.7% |
| Other operating charges640/8 | €941 | €944 | €1,392 | €1,053 | €1,314 | ▲ 24.8% |
| Gross operating margin9900 | -€32,617 | €62,815 | €106,551 | €60,473 | €43,590 | ▼ 27.9% |
| Operating profit (loss)9901 | -€34,834 | €59,505 | €102,522 | €57,370 | €40,694 | ▼ 29.1% |
| Financial income75/76B | €0 | - | - | €145 | €80 | ▼ 44.5% |
| Recurring financial income75 | €0 | - | - | €145 | €80 | ▼ 44.5% |
| Financial charges65/66B | €65,500 | €61,006 | €59,323 | €59,267 | €60,654 | ▲ 2.3% |
| Recurring financial charges65 | €65,500 | €61,006 | €59,323 | €59,267 | €60,654 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | -€100,334 | -€1,501 | €43,199 | -€1,752 | -€19,879 | ▼ 1,035% |
| Income taxes67/77 | €0 | - | €95 | €128 | €193 | ▲ 50.7% |
| Profit (loss) for the period9904 | -€100,334 | -€1,501 | €43,104 | -€1,880 | -€20,072 | ▼ 968% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€100,334 | -€1,501 | €43,104 | -€1,880 | -€20,072 | ▼ 968% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | ▲ 2.6% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Tangible fixed assets22/27 | €1,829 | €1,604 | €657 | €296 | €155 | ▼ 47.8% |
| Furniture and vehicles24 | €1,829 | €1,604 | €657 | €296 | €155 | ▼ 47.8% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Current assets29/58 | €366,112 | €426,326 | €446,538 | €428,816 | €477,151 | ▲ 11.3% |
| Amounts receivable within one year40/41 | €362,353 | €412,600 | €376,300 | €424,772 | €473,203 | ▲ 11.4% |
| Trade receivables40 | €7,353 | €72,600 | €36,300 | €84,700 | €133,100 | ▲ 57.1% |
| Other amounts receivable41 | €355,000 | €340,000 | €340,000 | €340,072 | €340,103 | = |
| Cash at bank and in hand54/58 | €3,759 | €13,726 | €70,238 | €4,044 | €3,246 | ▼ 19.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €702 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.9m | €1.8m | €1.9m | ▲ 2.6% |
| Equity10/15 | €245,956 | €244,455 | €287,559 | €285,679 | €265,607 | ▼ 7.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €289,129 | €289,129 | €289,129 | €289,129 | €289,129 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €287,269 | €287,269 | €289,129 | €289,129 | €289,129 | = |
| Profit (loss) carried forward14 | -€49,372 | -€50,874 | -€7,770 | -€9,650 | -€29,721 | ▼ 208% |
| Amounts payable17/49 | €1.5m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 4.4% |
| Amounts payable within one year42/48 | €1.5m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 4.4% |
| Trade debts44 | €972 | €2,069 | €5,449 | €4,596 | €12,526 | ▲ 173% |
| Suppliers440/4 | €972 | €2,069 | €5,449 | €4,596 | €12,526 | ▲ 173% |
| Taxes, remuneration and social security45 | €8,675 | €21,398 | €5,792 | €5,978 | €5,966 | ▼ 0.2% |
| Taxes450/3 | €6,035 | €18,729 | €5,792 | €5,978 | €5,966 | ▼ 0.2% |
| Remuneration and social security454/9 | €2,640 | €2,669 | €0 | - | - | - |
| Other amounts payable47/48 | €1.5m | €1.6m | €1.6m | €1.5m | €1.6m | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,334 | -€1,501 | €43,104 | -€1,880 | -€20,072 | ▼ 968% |
| + Depreciation and write-downs630 | €587 | €934 | €947 | €360 | €142 | ▼ 60.7% |
| Operating cash flow (approximation) | -€99,747 | -€567 | €44,051 | -€1,519 | -€19,930 | ▼ 1,212% |
| Investment in fixed assets (approximation) | - | -€709 | €0 | €0 | €0 | - |
| Change in cash | - | €9,967 | €56,512 | -€66,194 | -€798 | ▲ 98.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €43,104
Net result €43,104 after 4 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet -€100,334
Net result drops to -€100,334, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Estaimpuis · 1 establishment unit since 1990
Ground area
4,861 m²
Building footprint
424 m²
Volume, LiDAR
2,659 m³
Parcel 57004B0029/00G000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Victimes(B) 9, 7730 Estaimpuis
since 19902.050.836.356
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57004B0029/00G000 | Wallonia | 4,861 m² | 1 · 424 m² | 8.7 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 owner · 1 holding · 2 subsidiaries in the treeOwners 1
- Sourceaccounts KAKINE 202516%
Holdings 1
-
99.97%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
FOOD N'JOY 99.97%1 subsidiary
- Croc'In France SARLFR 100%
According to the 2025 annual accounts of VETAK 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.
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Of 42 companies in sector 20110 we hold annual accounts for 32. 15 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
Founded28-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
20110Manufacture of chemicals and chemical products
20300Manufacture of chemicals and chemical products
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442377606
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.