Vetcon
ActiveSummary
Vetcon has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €-4k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 51% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-4
Solvency73▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 3.45 in 2024; short-term debt: 51.6% and cash: 2.9% of total assets), but 51.6% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.4%
Return on assets
-1.2%
Age of the figures
15 mo
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 31-01-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
287 d late
2021
59 d late
2020
59 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€154k▼ 2.4%
2024 · €157k
Total assets
€318k▼ 5.2%
2024 · €335k
Net result
€-4k
2024 · €1k
Working capital
€152k▼ 35.7%
2024 · €237k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8k▼ 94.4%€22k▲ 178%€12k▼ 45.4%€27k▲ 121%€19k▼ 27.5%
Net result€6k▼ 94.9%€10k▲ 74.7%€4k▼ 56.9%€1k▼ 66.2%€-4k
Equity€142k▲ 4.0%€152k▲ 6.8%€156k▲ 2.7%€157k▲ 0.9%€154k▼ 2.4%
Total assets€281k▼ 14.6%€256k▼ 9.0%€296k▲ 15.6%€335k▲ 13.0%€318k▼ 5.2%
Debt€139k▼ 27.8%€104k▼ 25.1%€140k▲ 34.3%€177k▲ 26.6%€164k▼ 7.6%
Working capital€135k▲ 4.7%€151k▲ 11.6%€149k▼ 1.1%€237k▲ 58.6%€152k▼ 35.7%
Staff (FTE)1.2▲ 33.3%2▲ 66.7%1▼ 50.0%1.3▲ 30.0%0.5▼ 61.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318k
Fixed assets
€1k ▲ 0.3%
Current assets
€316k ▼ 5.2%
Equity and liabilities €318k
Equity
€154k ▼ 2.4%
Debt
€164k ▼ 7.6%
Debt's share of the balance-sheet total falls from 53.0% to 51.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €27k
Cash flow
€-4k▼
2024 · €2k
Current ratio
1.93▼
2024 · 3.45
Debt to equity
1.07▼
2024 · 1.13
ROE
-2.5%▼
2024 · 0.9%
ROA
-1.2%▼
2024 · 0.4%
Interest coverage
0.87▼
2024 · 1.15
Debt ≤ 1 year
€164k▲
2024 · €97k
Income taxes
€724▼
2024 · €2k
Staff costs
€34k▲
2024 · €21k
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 | - | €128k | €22k | €21k | €34k | ▲ 59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €3k | €468 | €273 | ▼ 41.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €648 | - | - |
| Other operating charges640/8 | - | €1k | €3k | €565 | €2k | ▲ 181% |
| Non-recurring operating charges66A | - | - | - | €8k | €1k | ▼ 86.9% |
| Gross operating margin9900 | €84k | €155k | €40k | €58k | €56k | ▼ 2.0% |
| Operating profit (loss)9901 | €8k | €22k | €12k | €27k | €19k | ▼ 27.5% |
| Financial income75/76B | - | €74 | €24 | €87 | €11 | ▼ 86.9% |
| Recurring financial income75 | €5k | €74 | €24 | €87 | €11 | ▼ 86.9% |
| Financial charges65/66B | - | €7k | €4k | €24k | €22k | ▼ 5.2% |
| Recurring financial charges65 | €2k | €7k | €4k | €24k | €22k | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €10k | €16k | €8k | €3k | €-3k | ▼ 200% |
| Income taxes67/77 | €5k | €6k | €4k | €2k | €724 | ▼ 56.7% |
| Profit (loss) for the period9904 | €6k | €10k | €4k | €1k | €-4k | ▼ 371% |
| Profit (loss) for the period to be appropriated9905 | €6k | €10k | €4k | €1k | €-4k | ▼ 371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281k | €256k | €296k | €335k | €318k | ▼ 5.2% |
| Fixed assets21/28 | €7k | €3k | €7k | €1k | €1k | ▲ 0.3% |
| Intangible fixed assets21 | €637 | €37 | - | €0 | - | - |
| Tangible fixed assets22/27 | €6k | €3k | €7k | €1k | €1k | ▲ 0.3% |
| Plant, machinery and equipment23 | - | €3k | €1k | €1k | €1k | ▲ 0.3% |
| Furniture and vehicles24 | - | €68 | €6k | €0 | €0 | - |
| Financial fixed assets28 | €500 | €500 | €500 | €250 | €250 | = |
| Current assets29/58 | €275k | €253k | €289k | €333k | €316k | ▼ 5.2% |
| Stocks and contracts in progress3 | €45k | €18k | €37k | €34k | - | - |
| Stocks30/36 | - | €18k | €37k | €34k | - | - |
| Amounts receivable within one year40/41 | €205k | €220k | €214k | €290k | €304k | ▲ 4.8% |
| Trade receivables40 | - | €209k | €205k | €279k | €302k | ▲ 8.3% |
| Other amounts receivable41 | - | €11k | €8k | €11k | €2k | ▼ 80.3% |
| Cash at bank and in hand54/58 | €25k | €14k | €38k | €9k | €9k | ▲ 3.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281k | €256k | €296k | €335k | €318k | ▼ 5.2% |
| Equity10/15 | €142k | €152k | €156k | €157k | €154k | ▼ 2.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €124k | €133k | €137k | €139k | €135k | ▼ 2.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €131k | €136k | €139k | €135k | ▼ 2.7% |
| Profit (loss) carried forward14 | €9k | - | - | - | - | - |
| Amounts payable17/49 | €139k | €104k | €140k | €177k | €164k | ▼ 7.6% |
| Amounts payable within one year42/48 | €139k | €102k | €140k | €97k | €164k | ▲ 69.6% |
| Financial debts43 | - | - | - | - | €209 | - |
| Credit institutions430/8 | - | - | - | - | €209 | - |
| Trade debts44 | €116k | €67k | €74k | €387 | €62k | ▲ 15,915% |
| Suppliers440/4 | - | €67k | €74k | €387 | €62k | ▲ 15,915% |
| Taxes, remuneration and social security45 | - | €35k | €12k | €15k | €17k | ▲ 16.7% |
| Taxes450/3 | - | €16k | €9k | €10k | €3k | ▼ 67.3% |
| Remuneration and social security454/9 | - | €19k | €3k | €5k | €14k | ▲ 178% |
| Other amounts payable47/48 | - | - | €53k | €82k | €85k | ▲ 3.7% |
| Accrued charges and deferred income492/3 | - | €2k | €550 | €81k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €10k | €4k | €1k | €-4k | ▼ 371% |
| + Depreciation and write-downs630 | €4k | €4k | €3k | €468 | €273 | ▼ 41.7% |
| Operating cash flow (approximation) | €9k | €13k | €7k | €2k | €-4k | ▼ 289% |
| Investment in fixed assets (approximation) | - | €0 | €-7k | €5k | €-277 | ▼ 105% |
| Change in cash | - | €-11k | €24k | €-29k | €338 | ▲ 101% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 287 days late
2022
30-06
Financial
Equity above €150kEq €152k ▲6.8%
4 profitable years in a row build equity to €152k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
30-06
Financial
Highest result since 2019net €108k ▲923%
Operating result €143k, net result €108k, both a record.
30-06
Financial
Equity above €100kEq €137k ▲369%
2 profitable years in a row build equity to €137k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Truiden · 1 establishment unit since 2017
Ground area
5,671 m²
Building footprint
7,199 m²
Volume, LiDAR
48,879 m³
Parcel 71352D0187/00M003, Flanders · tallest building 14.8 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Vetcon
since 20172.270.263.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0187/00M003 | Flanders | 5,671 m² | 1 · 7,199 m² | 14.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 585 EUR awarded · 585 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 585 EUR |
| 2022 | 1 | 585 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
5 endedMachinaal houtbewerker (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Meubelmaker (so)
Productiemedewerker interieurbouw (so)
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,473. 2,984 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
Founded27-07-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
43320Joinery installation
Contact
E-mail
pamela@vetcon.beSint-Truiden
Scores and ratios are computed by Checked and are not a credit decision.