VETIGA
ActiveSummary
VETIGA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€17,991) and a net result of €9,135. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 17% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+58
Solvency9▲+9
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.64 in 2024; short-term debt: 109.5% and cash: 29.7% of total assets), and equity is negative.
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Signals
Seven 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 →
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
-16.5%
Return on assets
8.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d late
2023
16 d late
2021
92 d late
2020
90 d late
2019
80 d late
2018
58 d late
← 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 48 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 May (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€17,991▲ 33.7%
2024 · -€27,126
Total assets
€109,079▼ 0.4%
2024 · €109,500
Net result
€9,135
2024 · -€25,604
Working capital
-€38,091▲ 17.5%
2024 · -€46,146
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202320242025
Operating result-€5,984€66,445-€16,638--€16,616▲ 0.1%€19,439
Net result-€9,328below the sector's middle half€57,187above the sector's middle half-€25,911below the sector's middle half--€25,604below the sector's middle half▲ 1.2%€9,135within the sector's middle half
Equity-€32,798below the sector's middle half▼ 39.7%€24,389within the sector's middle half-€1,522below the sector's middle half--€27,126below the sector's middle half▼ 1,682%-€17,991below the sector's middle half▲ 33.7%
Total assets€103,992within the sector's middle half▲ 37.7%€143,531within the sector's middle half▲ 38.0%€145,645within the sector's middle half-€109,500within the sector's middle half▼ 24.8%€109,079within the sector's middle half▼ 0.4%
Debt€136,790▲ 38.2%€119,143▼ 12.9%€147,168-€136,626▼ 7.2%€127,069▼ 7.0%
Working capital-€24,080below the sector's middle half▲ 33.5%€35,762within the sector's middle half-€13,627below the sector's middle half--€46,146below the sector's middle half▼ 239%-€38,091below the sector's middle half▲ 17.5%
Solvency-31.5%below the sector's middle half▼ 0.5pp17.0%within the sector's middle half▲ 48.5pp-1.0%below the sector's middle half--24.8%below the sector's middle half▼ 23.7pp-16.5%below the sector's middle half▲ 8.3pp
Current ratio0.80below the sector's middle half▲ 0.161.35within the sector's middle half▲ 0.550.90within the sector's middle half-0.64below the sector's middle half▼ 0.260.68below the sector's middle half▲ 0.04
Return on assets (ROA)-9.0%below the sector's middle half▼ 9.8pp39.8%above the sector's middle half▲ 48.8pp-17.8%below the sector's middle half--23.4%below the sector's middle half▼ 5.6pp8.4%within the sector's middle half▲ 31.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €19,439 after a loss of €16,616 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,079
Fixed assets
€27,720 =
Current assets
€81,359 ▼ 0.5%
Key figures and ratios
Debt to equity
-7.06▼
2024 · -5.04
Debt ≤ 1 year
€119,450▼
2024 · €127,926
Debt > 1 year
€7,619▼
2024 · €8,700
Income taxes
€914
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,241 | €4,241 | €4,241 | - | - | - |
| Other operating charges640/8 | - | - | - | - | €900 | - |
| Gross operating margin9900 | -€1,343 | €70,686 | -€12,396 | -€16,616 | €20,339 | ▲ 222% |
| Operating profit (loss)9901 | -€5,984 | €66,445 | -€16,638 | -€16,616 | €19,439 | ▲ 217% |
| Financial income75/76B | - | - | - | €38 | €45 | ▲ 18.5% |
| Recurring financial income75 | - | - | - | €38 | €45 | ▲ 18.5% |
| Financial charges65/66B | - | €3,558 | €9,273 | €9,026 | €9,436 | ▲ 4.5% |
| Recurring financial charges65 | €3,344 | €3,558 | €9,273 | €9,026 | €9,436 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | -€9,328 | €62,887 | -€25,911 | -€25,604 | €10,049 | ▲ 139% |
| Income taxes67/77 | - | €5,700 | - | - | €914 | - |
| Profit (loss) for the period9904 | -€9,328 | €57,187 | -€25,911 | -€25,604 | €9,135 | ▲ 136% |
| Profit (loss) for the period to be appropriated9905 | -€9,328 | €57,187 | -€25,911 | -€25,604 | €9,135 | ▲ 136% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,992 | €143,531 | €145,645 | €109,500 | €109,079 | ▼ 0.4% |
| Fixed assets21/28 | €8,482 | €4,241 | €27,720 | €27,720 | €27,720 | = |
| Intangible fixed assets21 | €8,163 | €4,082 | - | - | - | - |
| Tangible fixed assets22/27 | €319 | €160 | - | - | - | - |
| Other tangible fixed assets26 | - | €160 | - | - | - | - |
| Financial fixed assets28 | - | - | €27,720 | €27,720 | €27,720 | = |
| Current assets29/58 | €95,510 | €139,290 | €117,925 | €81,780 | €81,359 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €62,882 | €76,489 | €94,404 | €60,074 | €48,927 | ▼ 18.6% |
| Trade receivables40 | - | €76,489 | €77,492 | €34,910 | €31,512 | ▼ 9.7% |
| Other amounts receivable41 | - | - | €16,911 | €25,164 | €17,415 | ▼ 30.8% |
| Cash at bank and in hand54/58 | €32,628 | €62,801 | €23,522 | €21,706 | €32,432 | ▲ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,992 | €143,531 | €145,645 | €109,500 | €109,079 | ▼ 0.4% |
| Equity10/15 | -€32,798 | €24,389 | -€1,522 | -€27,126 | -€17,991 | ▲ 33.7% |
| Contributions10/11 | €125,186 | €125,186 | €125,186 | €125,186 | €125,186 | = |
| Capital10 | - | €125,186 | €125,186 | €125,186 | €125,186 | = |
| Issued capital100 | - | €125,200 | €125,200 | €125,200 | €125,200 | = |
| Uncalled capital101 | - | €14 | €14 | €14 | €14 | = |
| Reserves13 | - | €57,100 | €57,100 | €57,100 | €66,235 | ▲ 16.0% |
| Non-distributable reserves130/1 | - | €57,100 | €57,100 | - | - | - |
| Other1319 | - | €57,100 | €57,100 | - | - | - |
| Distributable reserves133 | - | - | - | €57,100 | €66,235 | ▲ 16.0% |
| Profit (loss) carried forward14 | -€157,984 | -€157,898 | -€183,809 | -€209,412 | -€209,412 | = |
| Amounts payable17/49 | €136,790 | €119,143 | €147,168 | €136,626 | €127,069 | ▼ 7.0% |
| Amounts payable after more than one year17 | €17,200 | €15,615 | €15,615 | €8,700 | €7,619 | ▼ 12.4% |
| Other amounts payable178/9 | - | €15,615 | €15,615 | €8,700 | €7,619 | ▼ 12.4% |
| Amounts payable within one year42/48 | €119,590 | €103,528 | €131,553 | €127,926 | €119,450 | ▼ 6.6% |
| Trade debts44 | €27,900 | €3,342 | €21,194 | €9,029 | €958 | ▼ 89.4% |
| Suppliers440/4 | - | €3,342 | €21,194 | €9,029 | €958 | ▼ 89.4% |
| Taxes, remuneration and social security45 | - | €7,323 | €3,736 | €2,608 | €3,389 | ▲ 29.9% |
| Taxes450/3 | - | €7,323 | €3,736 | €2,608 | €3,389 | ▲ 29.9% |
| Other amounts payable47/48 | - | €92,863 | €106,623 | €116,289 | €115,103 | ▼ 1.0% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,328 | €57,187 | -€25,911 | -€25,604 | €9,135 | ▲ 136% |
| + Depreciation and write-downs630 | €4,241 | €4,241 | €4,241 | - | - | - |
| Operating cash flow (approximation) | -€5,087 | €61,428 | -€21,670 | -€25,604 | €9,135 | ▲ 136% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €0 | - |
| Change in cash | - | €30,173 | - | -€1,815 | €10,725 | ▲ 691% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €9,135
Net result €9,135 after 2 loss-making years.
02-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
30-09
Financial
Weakest financial yearnet -€25,911
Net result drops to -€25,911, the lowest in the series; recovery starts the following year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Back to profitnet €57,187
Net result €57,187 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Etterbeek · 1 establishment unit since 2003
Ground area
287 m²
Building footprint
276 m²
Volume, LiDAR
1,728 m³
Parcel 21362B0225/00L004, Brussels · tallest building 16.3 m, ±1 floor. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
VETIGA
since 20032.130.583.422
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0225/00L004 | Brussels | 287 m² | 1 · 276 m² | 16.3 m · 1 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.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,645 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-1990
Fiscal year end30-09
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442449959
Registered
11-01-2026
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.