VETEX
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 29-04-2026 PDF all 47 filings
Turnover
€16.1m▼ 1.2%
2024 · €16.3m
EBIT margin
-4.6%▼ 5.3pp
2024 · 0.7%
Net result
-€608,659
2024 · €40,909
Working capital
€1.4m▼ 33.8%
2024 · €2.1m
In the rankings
#1 employer in Ingelmunster, Manufacturing sector#2 company by total assets in Ingelmunster, Manufacturing sector#7 company by equity in Ingelmunster, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€16.1m
▼ 1.2%
2025
20182025
Operating result
-€732,108
2025
20182025
Net result
-€608,659
2025
lowest quarter of the sector
20182025
EBIT margin
-4.6%
▼ 5.3pp
2025
20182025
Equity
€4.4m
▼ 12.7%
2025
middle half of the sector
20182025
Total assets
€10.5m
▼ 6.1%
2025
middle half of the sector
20182025
Debt
€6.1m
▼ 0.7%
2025
20182025
Working capital
€1.4m
▼ 33.8%
2025
middle half of the sector
20182025
Solvency
42.0%
▼ 3.2pp
2025
middle half of the sector
20182025
Current ratio
1.38
▼ 0.27
2025
middle half of the sector
20182025
Return on assets (ROA)
-5.8%
▼ 6.2pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
64.6
▼ 4.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€15.3m-€14.6m▼ 4.3%€15.8m▲ 7.8%€15.0m▼ 5.1%€16.2m▲ 8.1%€14.7m▼ 9.1%€16.3m▲ 10.5%€16.1m▼ 1.2%
Operating result-€0.1m--€1.2m▼ 963%-€0.8m▲ 34.0%-€0.9m▼ 15.5%-€0.7m▲ 21.0%-€0.2m▲ 68.7%€0.1m-€0.7m
Net result-€0.3m--€1.2m▼ 282%-€0.9mbelow the sector's middle half▲ 24.7%-€0.8mbelow the sector's middle half▲ 15.8%-€0.07mbelow the sector's middle half▲ 91.4%-€0.3mbelow the sector's middle half▼ 379%€0.04mwithin the sector's middle half-€0.6mbelow the sector's middle half
EBIT margin-0.7%--8.3%▼ 7.5pp-5.1%▲ 3.2pp-6.2%▼ 1.1pp-4.5%▲ 1.7pp-1.6%▲ 3.0pp0.7%▲ 2.3pp-4.6%▼ 5.3pp
Equity€8.7m-€7.4m▼ 15.0%€6.4mwithin the sector's middle half▼ 13.7%€5.5mwithin the sector's middle half▼ 13.4%€5.4mwithin the sector's middle half▼ 2.2%€5.0mwithin the sector's middle half▼ 6.8%€5.0mwithin the sector's middle half▲ 0.2%€4.4mwithin the sector's middle half▼ 12.7%
Total assets€16.6m-€15.0m▼ 9.6%€14.0mwithin the sector's middle half▼ 6.6%€13.2mwithin the sector's middle half▼ 5.7%€12.2mwithin the sector's middle half▼ 7.8%€11.5mwithin the sector's middle half▼ 5.9%€11.2mwithin the sector's middle half▼ 2.6%€10.5mwithin the sector's middle half▼ 6.1%
Debt€7.9m-€7.6m▼ 3.6%€7.6m▲ 0.1%€7.7m▲ 0.9%€6.8m▼ 11.8%€6.4m▼ 5.2%€6.1m▼ 4.8%€6.1m▼ 0.7%
Working capital€3.8m-€3.0m▼ 21.8%€2.9mwithin the sector's middle half▼ 2.5%€2.5mwithin the sector's middle half▼ 14.9%€2.7mwithin the sector's middle half▲ 8.2%€2.1mwithin the sector's middle half▼ 22.2%€2.1mwithin the sector's middle half▲ 0.6%€1.4mwithin the sector's middle half▼ 33.8%
Solvency52.4%-49.3%▼ 3.2pp45.5%within the sector's middle half▼ 3.7pp41.8%within the sector's middle half▼ 3.8pp44.3%within the sector's middle half▲ 2.5pp43.9%within the sector's middle half▼ 0.4pp45.2%within the sector's middle half▲ 1.3pp42.0%within the sector's middle half▼ 3.2pp
Current ratio2.86-2.30▼ 0.562.20within the sector's middle half▼ 0.101.72within the sector's middle half▼ 0.481.84within the sector's middle half▲ 0.111.59within the sector's middle half▼ 0.241.65within the sector's middle half▲ 0.061.38within the sector's middle half▼ 0.27
Return on assets (ROA)-2.0%--8.3%▼ 6.3pp-6.7%below the sector's middle half▲ 1.6pp-6.0%below the sector's middle half▲ 0.7pp-0.6%below the sector's middle half▲ 5.4pp-2.8%within the sector's middle half▼ 2.3pp0.4%within the sector's middle half▲ 3.2pp-5.8%below the sector's middle half▼ 6.2pp
Staff (FTE)67.2-66.5▼ 1.0%71within the sector's middle half▲ 6.8%74within the sector's middle half▲ 4.2%73within the sector's middle half▼ 1.4%73.7within the sector's middle half▲ 1.0%67.3within the sector's middle half▼ 8.7%64.6within the sector's middle half▼ 4.0%
above
within
below
The sector band is the middle half of the companies in Manufacture of textiles (NACE 13). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €732,108, after a profit of €120,871 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.5m
Fixed assets
€5.4m ▼ 7.1%
Current assets
€5.0m ▼ 5.0%
Equity and liabilities €10.5m
Equity
€4.4m ▼ 12.7%
Debt
€6.1m ▼ 0.7%
Debt's share of the balance-sheet total rises from 54.8% to 58.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€550,351▼
2024 · €1.4m
Cash flow
€673,800▼
2024 · €1.3m
Quick ratio
0.74▼
2024 · 0.82
Debt to equity
1.38▲
2024 · 1.21
ROE
-13.8%▼
2024 · 0.8%
Interest coverage
6.87▼
2024 · 14.66
Debt ≤ 1 year
€3.7m▲
2024 · €3.2m
Debt > 1 year
€2.0m▼
2024 · €2.7m
Income taxes
€2,703▼
2024 · €3,084
Customer credit
33 days▼
2024 · 37 days
Supplier credit
55 days▲
2024 · 49 days
Staff costs
€5.6m▲
2024 · €5.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 73 | 79 | 74 | 71 | 68 |
| full-time | 61 | 69 | 64 | 58 | 48 |
| part-time | 12 | 10 | 10 | 13 | 20 |
| in full-time equivalents | 70.5 | 76.8 | 72 | 68.2 | 63.3 |
| Average over the year, in full-time equivalents | 74 | 72.6 | 73.7 | 67.3 | 64.6 |
| On a permanent contract | 73 | 79 | 73 | 70 | 66 |
| Joined | 11 | 20 | 10 | 8 | 10 |
| Left | 11 | 14 | 14 | 11 | 14 |
| Agency workers, average number | 5.2 | 4.6 | 1.3 | 3.5 | 4.9 |
| Training hours | 1,939 | 440 | 785 | 615 | 1,404 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €271,894 | €423,430 | €833,484 | €1.2m | €864,587 |
| Depreciation and write-downs of the year | €1.6m | €1.4m | €1.2m | €1.2m | €1.3m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is BOES & VERRUE BEDRIJFSREVISOREN.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €14,166 | €15,000 | €16,580 | €21,776 | €14,500 |
| Other work by the auditor | €2,425 | €4,089 | €4,535 | €3,308 | - |
| Work by persons linked to the auditor | - | €11,500 | €348 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 to 2025 · 16 entries · €554,828 awarded · €292,045 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 7 | €237,481 | €33,083 |
| 2024 | 5 | €228,174 | €168,859 |
| 2023 | 2 | €62,357 | €63,787 |
| 2022 | 2 | €26,816 | €26,316 |
European research
1 project · €525,774 EU contributionProgrammes
Projects
In-Situ Polyurethane Resins
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €16.0m | €16.7m | €15.1m | €16.8m | €16.3m | ▼ 3.3% |
| Turnover70 | €15.3m | €14.6m | €15.8m | €15.0m | €16.2m | €14.7m | €16.3m | €16.1m | ▼ 1.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.4m | €0.1m | -€0.1m | €0.04m | -€0.2m | - |
| Other operating income74 | - | - | - | €0.6m | €0.4m | €0.5m | €0.5m | €0.4m | ▼ 23.0% |
| Non-recurring operating income76A | - | - | - | - | €0.002m | €0.003m | - | €0.006m | - |
| Operating charges60/66A | - | - | - | €16.9m | €17.4m | €15.3m | €16.7m | €17.0m | ▲ 1.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €6.9m | €7.4m | €5.4m | €5.9m | €6.0m | ▲ 2.4% |
| Purchases600/8 | - | - | - | €6.8m | €7.8m | €5.5m | €5.8m | €5.9m | ▲ 3.2% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.09m | -€0.3m | -€0.04m | €0.1m | €0.09m | ▼ 32.4% |
| Services and other goods61 | - | - | - | €3.5m | €3.7m | €3.1m | €4.3m | €4.0m | ▼ 5.9% |
| Remuneration, social security and pensions62 | - | - | - | €4.7m | €4.7m | €5.3m | €5.3m | €5.6m | ▲ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.4m | €1.5m | €1.7m | €1.6m | €1.4m | €1.2m | €1.2m | €1.3m | ▲ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.08m | €0.07m | €0.2m | €0.01m | €0.04m | ▲ 182% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€0.008m | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 6.5% |
| Non-recurring operating charges66A | - | - | - | - | €0.04m | €0.03m | - | - | - |
| Operating profit (loss)9901 | -€0.1m | -€1.2m | -€0.8m | -€0.9m | -€0.7m | -€0.2m | €0.1m | -€0.7m | - |
| Financial income75/76B | - | - | - | €0.3m | €0.8m | €0.2m | €0.1m | €0.4m | ▲ 219% |
| Recurring financial income75 | €0.2m | €0.1m | €0.2m | €0.3m | €0.8m | €0.2m | €0.1m | €0.4m | ▲ 219% |
| Income from financial fixed assets750 | - | - | - | €0.1m | €0.6m | - | - | €0.3m | - |
| Income from current assets751 | - | - | - | - | - | €0.002m | - | - | - |
| Other financial income752/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.09m | ▼ 26.6% |
| Financial charges65/66B | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 32.2% |
| Recurring financial charges65 | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 32.2% |
| Debt charges650 | €0.08m | €0.1m | €0.1m | €0.09m | €0.08m | €0.1m | €0.09m | €0.08m | ▼ 14.3% |
| Other financial charges652/9 | - | - | - | €0.08m | €0.09m | €0.2m | €0.1m | €0.2m | ▲ 73.6% |
| Profit (loss) for the period before taxes9903 | -€0.4m | -€1.2m | -€0.9m | -€0.8m | -€0.07m | -€0.3m | €0.04m | -€0.6m | - |
| Income taxes67/77 | -€0.03m | -€0.004m | €0.003m | €0.002m | €0.003m | €0.003m | €0.003m | €0.003m | ▼ 12.4% |
| Taxes670/3 | - | - | - | €0.003m | €0.003m | €0.003m | €0.004m | €0.003m | ▼ 14.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | €219 | €166 | €416 | €297 | ▼ 28.6% |
| Profit (loss) for the period9904 | -€0.3m | -€1.2m | -€0.9m | -€0.8m | -€0.07m | -€0.3m | €0.04m | -€0.6m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.3m | -€1.2m | -€0.9m | -€0.8m | -€0.07m | -€0.3m | €0.04m | -€0.6m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16.6m | €15.0m | €14.0m | €13.2m | €12.2m | €11.5m | €11.2m | €10.5m | ▼ 6.1% |
| Fixed assets21/28 | €10.7m | €9.7m | €8.7m | €7.3m | €6.3m | €5.9m | €5.9m | €5.4m | ▼ 7.1% |
| Intangible fixed assets21 | €0.01m | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €10.7m | €9.7m | €8.6m | €7.3m | €6.2m | €5.8m | €5.8m | €5.4m | ▼ 7.2% |
| Land and buildings22 | - | - | - | €0.9m | €0.8m | €0.8m | €0.7m | €0.9m | ▲ 20.6% |
| Plant, machinery and equipment23 | - | - | - | €1.5m | €1.2m | €1.2m | €1.1m | €1.2m | ▲ 7.2% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 15.3% |
| Leasing and similar rights25 | - | - | - | €4.4m | €3.8m | €3.3m | €3.4m | €2.7m | ▼ 18.8% |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 38.0% |
| Assets under construction and advance payments27 | - | - | - | €0.04m | €0.04m | €0.01m | €0.01m | €0.005m | ▼ 67.3% |
| Financial fixed assets28 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Affiliated companies280/1 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Participating interests280 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €373 | €373 | €373 | = |
| Shares284 | - | - | - | €273 | €273 | €273 | €273 | €273 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €100 | €100 | €100 | = |
| Current assets29/58 | €5.9m | €5.3m | €5.3m | €5.9m | €5.9m | €5.6m | €5.3m | €5.0m | ▼ 5.0% |
| Stocks and contracts in progress3 | €2.6m | €2.1m | €2.4m | €2.7m | €3.0m | €2.8m | €2.7m | €2.4m | ▼ 11.9% |
| Stocks30/36 | - | - | - | €2.7m | €3.0m | €2.8m | €2.7m | €2.4m | ▼ 11.9% |
| Raw materials and consumables30/31 | - | - | - | €0.8m | €1.2m | €1.1m | €0.9m | €0.7m | ▼ 22.4% |
| Work in progress32 | - | - | - | €0.002m | - | €0.04m | €0.04m | - | - |
| Finished goods33 | - | - | - | €1.9m | €1.9m | €1.6m | €1.7m | €1.6m | ▼ 4.3% |
| Amounts receivable within one year40/41 | €2.0m | €1.7m | €1.7m | €2.1m | €2.0m | €1.9m | €2.1m | €2.2m | ▲ 2.5% |
| Trade receivables40 | - | - | - | €1.8m | €1.7m | €1.7m | €1.7m | €1.5m | ▼ 11.8% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.2m | €0.5m | €0.7m | ▲ 51.6% |
| Cash at bank and in hand54/58 | €1.2m | €1.3m | €1.1m | €1.0m | €0.7m | €0.8m | €0.4m | €0.4m | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 24.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16.6m | €15.0m | €14.0m | €13.2m | €12.2m | €11.5m | €11.2m | €10.5m | ▼ 6.1% |
| Equity10/15 | €8.7m | €7.4m | €6.4m | €5.5m | €5.4m | €5.0m | €5.0m | €4.4m | ▼ 12.7% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Contributions outside capital11 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Share premium1100/10 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €6.6m | €5.3m | €4.4m | €3.6m | €3.6m | €3.2m | €3.2m | €3.3m | ▲ 1.3% |
| Non-distributable reserves130/1 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other1319 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Tax-exempt reserves132 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | - | €2.7m | €2.6m | €2.3m | €2.3m | €2.4m | ▲ 1.8% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0.04m | -€0.6m | - |
| Investment grants15 | - | - | - | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 20.7% |
| Provisions and deferred taxes16 | - | - | €0.008m | - | - | - | - | - | - |
| Amounts payable17/49 | €7.9m | €7.6m | €7.6m | €7.7m | €6.8m | €6.4m | €6.1m | €6.1m | ▼ 0.7% |
| Amounts payable after more than one year17 | €5.7m | €5.1m | €4.9m | €4.1m | €3.4m | €2.8m | €2.7m | €2.0m | ▼ 24.6% |
| Financial debts170/4 | - | - | - | €4.1m | €3.4m | €2.8m | €2.7m | €2.0m | ▼ 24.6% |
| Leasing and similar obligations172 | - | - | - | €3.7m | €3.1m | €2.7m | €2.6m | €2.0m | ▼ 24.8% |
| Credit institutions173 | - | - | - | €0.4m | €0.2m | €0.1m | €0.05m | €0.04m | ▼ 15.2% |
| Amounts payable within one year42/48 | €2.0m | €2.3m | €2.4m | €3.4m | €3.2m | €3.5m | €3.2m | €3.7m | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 5.6% |
| Financial debts43 | - | - | - | €0.8m | €1.0m | €1.1m | €0.9m | €1.0m | ▲ 13.1% |
| Credit institutions430/8 | - | - | - | €0.8m | €1.0m | €1.1m | €0.9m | €1.0m | ▲ 13.1% |
| Trade debts44 | €0.8m | €1.1m | €1.2m | €0.8m | €0.6m | €0.7m | €0.8m | €0.9m | ▲ 15.5% |
| Suppliers440/4 | - | - | - | €0.8m | €0.6m | €0.7m | €0.8m | €0.9m | ▲ 15.5% |
| Advances received on contracts in progress46 | - | - | - | €0.4m | - | €0.01m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.7m | €1.1m | €0.8m | €0.9m | ▲ 4.0% |
| Taxes450/3 | - | - | - | €0.001m | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 23.3% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.6m | €0.9m | €0.7m | €0.8m | ▲ 1.6% |
| Other amounts payable47/48 | - | - | - | €0 | €0 | €0 | €0 | €0.2m | ▲ 21,213,408× |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | ▲ 83.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.3m | -€1.2m | -€0.9m | -€0.8m | -€0.07m | -€0.3m | €0.04m | -€0.6m | - |
| + Depreciation and write-downs630 | €1.4m | €1.5m | €1.7m | €1.6m | €1.4m | €1.2m | €1.2m | €1.3m | ▲ 2.6% |
| Operating cash flow (approximation) | €1.1m | €0.2m | €0.8m | €0.9m | €1.4m | €0.9m | €1.3m | €0.7m | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.6m | -€0.3m | -€0.4m | -€0.8m | -€1.2m | -€0.9m | ▲ 29.8% |
| Change in cash | - | €0.06m | -€0.2m | -€0.07m | -€0.3m | €0.03m | -€0.4m | -€0.03m | ▲ 93.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 830 companies had the same profile as VETEX has now. Two years later, 96.5% were still going and 0.6% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
96.5%
was still going
2.9%
stopped otherwise
0.6%
went bankrupt
That fits the bankruptcy probability of VETEX itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 830 companies, not a prediction for VETEX. 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.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-04-2026 | 2026-00092254 | |
| 31-12-2024 | full format | 07-05-2025 | 2025-00090183 | |
| 31-12-2023 | full format | 07-05-2024 | 2024-00083296 | |
| 31-12-2022 | full format | 26-04-2023 | 2023-00066177 | |
| 31-12-2021 | full format | 27-04-2022 | 2022-20009444 | |
| 31-12-2020 | full format | 28-04-2021 | 2021-11400451 | |
| 31-12-2019 | full format | 29-05-2020 | 2020-13400476 | |
| 31-12-2018 | full format | 10-05-2019 | 2019-13000022 | |
| 31-12-2017 | full format | 04-05-2018 | 2018-12000555 | |
| 31-12-2016 | full format | 01-06-2017 | 2017-14400240 |