VETHUB
ActiveSummary
VETHUB has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €464k and a net result of €113k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+4
Solvency69▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.01 in 2023; short-term debt: 55.5% and cash: 46.7% of total assets), and 55.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
11 d late
2021
16 d late
2020
30 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€113k▲ 45.9%
2023 · €77k
2018: €-8k
2019: €-11k▼ -37.4% vs 2018lowest in 7 years
2020: €19k▲ +271% vs 2019
2021: €72k▲ +290% vs 2020
2022: €74k▲ +2.2% vs 2021
2023: €77k▲ +4.9% vs 2022
2024: €113k▲ +45.9% vs 2023highest in 7 years
2018 → 2024
Working capital
€169k▲ 2,262%
2023 · €7k
2018: €-56k
2019: €-81k▼ -44.5% vs 2018
2020: €-95k▼ -16.8% vs 2019
2021: €-166k▼ -74.8% vs 2020lowest in 7 years
2022: €-125k▲ +24.8% vs 2021
2023: €7k▲ +106% vs 2022
2024: €169k▲ +2262% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€244k-€199k▼ 18.3%€273k▲ 37.1%€351k▲ 28.4%€464k▲ 32.2%
2020: €244k
2021: €199k▼ -18.3% vs 2020lowest in 5 years
2022: €273k▲ +37.1% vs 2021
2023: €351k▲ +28.4% vs 2022
2024: €464k▲ +32.2% vs 2023highest in 5 years
Operating result€36k-€113k▲ 211%€115k▲ 2.0%€120k▲ 3.7%€169k▲ 41.2%
2020: €36klowest in 5 years
2021: €113k▲ +211% vs 2020
2022: €115k▲ +2.0% vs 2021
2023: €120k▲ +3.7% vs 2022
2024: €169k▲ +41.2% vs 2023highest in 5 years
Net result€19k-€72k▲ 290%€74k▲ 2.2%€77k▲ 4.9%€113k▲ 45.9%
2020: €19klowest in 5 years
2021: €72k▲ +290% vs 2020
2022: €74k▲ +2.2% vs 2021
2023: €77k▲ +4.9% vs 2022
2024: €113k▲ +45.9% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 41% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€295k ▼ 14.0%
Current assets
€748k ▲ 14.6%
Equity and liabilities €1.04M
Equity
€464k ▲ 32.2%
Debt
€580k ▼ 10.2%
Debt's share of the balance-sheet total falls from 64.8% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€217k▲
2023 · €183k
Cash flow
€161k▲
2023 · €141k
Current ratio
1.29▲
2023 · 1.01
Debt to equity
1.25▼
2023 · 1.84
ROE
24.4%▲
2023 · 22.1%
ROA
10.8%▲
2023 · 7.8%
Interest coverage
175.63▲
2023 · 40.17
Debt ≤ 1 year
€579k▼
2023 · €646k
Income taxes
€57k▲
2023 · €39k
Staff costs
€149k▲
2023 · €136k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€996k€1.04M▲
Fixed assets21/28€343k€295k▼
Tangible fixed assets22/27€343k€295k▼
Land and buildings22€342k€294k▼
Furniture and vehicles24€2k€926▼
Current assets29/58€653k€748k▲
Amounts receivable within one year40/41€257k€260k▲
Trade receivables40€243k€241k▼
Other amounts receivable41€14k€19k▲
Cash at bank and in hand54/58€395k€487k▲
Deferred charges and accrued income490/1€793€1k▲
Equity and liabilities
Total equity and liabilities10/49€996k€1.04M▲
Equity10/15€351k€464k▲
Contributions10/11€6k€6k=
Reserves13€234k€457k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€224k€447k▲
Profit (loss) carried forward14€111k€0▼
Amounts payable17/49€646k€580k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€646k€579k▼
Current portion of amounts payable after more than one year42€4k€0▼
Trade debts44€519k€511k▼
Suppliers440/4€519k€511k▼
Taxes, remuneration and social security45€123k€68k▼
Taxes450/3€95k€43k▼
Remuneration and social security454/9€28k€25k▼
Accrued charges and deferred income492/3€0€277▲
Income statement
Code20232024
Remuneration, social security and pensions62€136k€149k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€48k▼
Other operating charges640/8€17k€16k▼
Gross operating margin9900€337k€382k▲
Operating profit (loss)9901€120k€169k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€117k€170k▲
Income taxes67/77€39k€57k▲
Profit (loss) for the period9904€77k€113k▲
Profit (loss) for the period to be appropriated9905€77k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€188k€224k▲
Profit (loss) brought forward from the previous period14P€111k€111k=
Transfer to equity691/2€77k€224k▲
To other reserves6921€77k€224k▲
Social balance
Average headcount (FTE)90875.25.3▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €114k | €132k | €136k | €149k | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69k | €66k | €66k | €63k | €48k | ▼ 24.1% |
| Other operating charges640/8 | - | €14k | €15k | €17k | €16k | ▼ 8.3% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €200k | €308k | €329k | €337k | €382k | ▲ 13.4% |
| Operating profit (loss)9901 | €36k | €113k | €115k | €120k | €169k | ▲ 41.2% |
| Financial income75/76B | - | €3k | €4k | €1k | €2k | ▲ 76.7% |
| Recurring financial income75 | €442 | €3k | €4k | €1k | €2k | ▲ 76.7% |
| Financial charges65/66B | - | €13k | €8k | €5k | €1k | ▼ 72.9% |
| Recurring financial charges65 | €18k | €13k | €8k | €5k | €1k | ▼ 72.9% |
| Profit (loss) for the period before taxes9903 | €18k | €104k | €111k | €117k | €170k | ▲ 46.0% |
| Transfer from deferred taxes780 | - | €59 | €0 | - | - | - |
| Income taxes67/77 | - | €32k | €37k | €39k | €57k | ▲ 46.4% |
| Profit (loss) for the period9904 | €19k | €72k | €74k | €77k | €113k | ▲ 45.9% |
| Transfer from tax-exempt reserves789 | - | €115 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19k | €72k | €74k | €77k | €113k | ▲ 45.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.13M | €1.05M | €1.10M | €996k | €1.04M | ▲ 4.7% |
| Fixed assets21/28 | €537k | €470k | €407k | €343k | €295k | ▼ 14.0% |
| Tangible fixed assets22/27 | €537k | €470k | €407k | €343k | €295k | ▼ 14.0% |
| Land and buildings22 | - | €470k | €404k | €342k | €294k | ▼ 13.8% |
| Furniture and vehicles24 | - | €536 | €3k | €2k | €926 | ▼ 48.6% |
| Current assets29/58 | €598k | €580k | €695k | €653k | €748k | ▲ 14.6% |
| Amounts receivable within one year40/41 | €209k | €328k | €233k | €257k | €260k | ▲ 1.2% |
| Trade receivables40 | - | €237k | €220k | €243k | €241k | ▼ 0.8% |
| Other amounts receivable41 | - | €91k | €13k | €14k | €19k | ▲ 37.3% |
| Cash at bank and in hand54/58 | €388k | €252k | €458k | €395k | €487k | ▲ 23.2% |
| Deferred charges and accrued income490/1 | - | €685 | €4k | €793 | €1k | ▲ 37.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.13M | €1.05M | €1.10M | €996k | €1.04M | ▲ 4.7% |
| Equity10/15 | €244k | €199k | €273k | €351k | €464k | ▲ 32.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €127k | €82k | €156k | €234k | €457k | ▲ 95.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €72k | €146k | €224k | €447k | ▲ 100.0% |
| Profit (loss) carried forward14 | €111k | €111k | €111k | €111k | €0 | ▼ 100% |
| Provisions and deferred taxes16 | €59 | €0 | - | - | - | - |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €891k | €852k | €829k | €646k | €580k | ▼ 10.2% |
| Amounts payable after more than one year17 | €197k | €96k | €4k | €0 | - | - |
| Financial debts170/4 | - | €96k | €4k | €0 | - | - |
| Amounts payable within one year42/48 | €693k | €746k | €820k | €646k | €579k | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | - | €101k | €92k | €4k | €0 | ▼ 100% |
| Trade debts44 | €520k | €577k | €620k | €519k | €511k | ▼ 1.5% |
| Suppliers440/4 | - | €577k | €620k | €519k | €511k | ▼ 1.5% |
| Taxes, remuneration and social security45 | - | €69k | €107k | €123k | €68k | ▼ 44.7% |
| Taxes450/3 | - | €53k | €84k | €95k | €43k | ▼ 54.3% |
| Remuneration and social security454/9 | - | €16k | €23k | €28k | €25k | ▼ 12.3% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €10k | €6k | €0 | €277 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €72k | €74k | €77k | €113k | ▲ 45.9% |
| + Depreciation and write-downs630 | €69k | €66k | €66k | €63k | €48k | ▼ 24.1% |
| Operating cash flow (approximation) | €87k | €138k | €140k | €141k | €161k | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | €0 | €-3k | €0 | €0 | - |
| Change in cash | - | €-137k | €207k | €-63k | €92k | ▲ 245% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €113k ▲45.9%
Operating result €169k, net result €113k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
31-12
Financial
Equity above €200kEq €273k ▲37.1%
3 profitable years in a row build equity to €273k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 105 days late
2019
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 256 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Libramont-Chevigny · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Libramont,Avenue de Houffalize 17C6800 Libramont-Chevigny1 establishment unit
PREMAMAN
since 19962.074.808.323
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Of 506 companies in sector 47713 we hold annual accounts for 197. 114 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 (pre-2019)
Founded27-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
47554Retail trade
47713Retail trade
Scores and ratios are computed by Checked and are not a credit decision.