Checked.be
Active
BE 0479.655.397Private limited company
VETO
Grote Markt 34 ·2800 Mechelen, Belgium· 23 yrs active
Sector: Limited-service restaurants, excluding mobile food services
(56112)
Conclusion
VETO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €18k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 3511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €85k |
| Net result | €18k |
| Staff (FTE) | 7.6 |
| Better than sector | 32% |
Financial profile
63
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
48
Profitability
100
Solvency
17
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
48
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
63
2021
20
2022
49
2023
56
2024
48
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.87 (< 1.0)
-10
Leverage
Debt/equity 6.82 (> 3.0)
-10
Profitability
ROE 21% (≥ 10%)
+10
Interest coverage
Interest coverage 8.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-04-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.8% | 29.7% | |
| Net result | €18k | €11k | |
| Equity | €85k | €90k | |
| Gross operating margin | €470k | €260k | |
| Staff costs | €349k | €251k |
€114k
-11.6%
21-25
€18k
-46.8%
21-25
€92k
-14.7%
21-25
€666k
-7.1%
21-25
€85k
+26.6%
21-25
€-28k
-36.4%
21-25
8
-10.6%
21-25
€349k
+7.7%
21-25
€9k
+69.4%
21-25
€581k
-10.6%
21-25
€220k
+12.3%
21-25
€352k
-20.9%
21-25
0.87
-2.5%
21-25
0.76
-1.0%
21-25
12.8%
+36.3%
21-25
6.82
-29.4%
21-25
21.0%
-58.0%
21-25
2.7%
-42.8%
21-25
8.81
+4.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €114k | €129k | €89k | €61k | €188k |
| Net profit | €18k | €34k | €1k | €-41k | €106k |
| Cash flow | €92k | €108k | €78k | €42k | €174k |
| Staff costs | €349k | €324k | €383k | €346k | €190k |
| Income taxes | €9k | €5k | €221 | €2k | €6k |
| Dividends | - | - | - | - | - |
| Total assets | €666k | €717k | €763k | €875k | €876k |
| Equity | €85k | €67k | €34k | €32k | €73k |
| Debt | €581k | €650k | €729k | €843k | €803k |
| of which ≤ 1y | €220k | €196k | €202k | €247k | €192k |
| of which > 1y | €352k | €445k | €515k | €589k | €612k |
| Working capital | €-28k | €-20k | €-32k | €-36k | €11k |
| Employees (FTE) | 7.6 | 8.5 | 10.1 | 11.7 | 8.6 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.87 | 0.90 | 0.84 | 0.86 | 1.06 |
| Quick ratio | 0.76 | 0.76 | 0.73 | 0.76 | 0.97 |
| Working capital ratio | -4.1% | -2.8% | -4.2% | -4.1% | 1.2% |
| Solvency | 12.8% | 9.4% | 4.4% | 3.7% | 8.3% |
| Debt / equity | 6.82 | 9.66 | 21.73 | 26.19 | 10.99 |
| Long-term debt ratio | 4.14 | 6.62 | 15.35 | 18.30 | 8.37 |
| Interest coverage | 8.81 | 8.47 | 6.02 | 2.95 | 14.66 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.7% | 4.7% | 0.2% | -4.7% | 12.1% |
| ROE | 21.0% | 50.1% | 4.1% | -127.2% | 145.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €666k | €717k | €763k | €875k | €876k |
| Fixed assets | 21/28 | €474k | €542k | €593k | €664k | €674k |
| Intangible fixed assets | 21 | - | - | - | €0 | €10k |
| Tangible fixed assets | 22/27 | €473k | €541k | €592k | €663k | €663k |
| Financial fixed assets | 28 | €675 | €675 | €675 | €675 | €675 |
| Current assets | 29/58 | €192k | €176k | €170k | €211k | €203k |
| Stocks & contracts in progress | 3 | €26k | €26k | €23k | €23k | €17k |
| Amounts receivable within one year | 40/41 | €0 | €8k | €24k | €24k | - |
| Cash & bank | 54/58 | €137k | €111k | €86k | €125k | €181k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €666k | €717k | €763k | €875k | €876k |
| Equity | 10/15 | €85k | €67k | €34k | €32k | €73k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €67k | €49k | €41k | €41k | €55k |
| Accumulated profits (losses) | 14 | - | €0 | €-26k | €-27k | - |
| Amounts payable | 17/49 | €581k | €650k | €729k | €843k | €803k |
| Amounts payable after one year | 17 | €352k | €445k | €515k | €589k | €612k |
| Amounts payable within one year | 42/48 | €220k | €196k | €202k | €247k | €192k |
| Trade debts payable within one year | 44 | €41k | €10k | €11k | €74k | €50k |
| Income statement | ||||||
| Gross operating margin | 9900 | €470k | €460k | €480k | €414k | €384k |
| Operating result | 9901 | €39k | €54k | €13k | €-22k | €120k |
| Financial income | 75 | €451 | €3 | €4k | €3k | €5k |
| Financial charges | 65 | €13k | €15k | €15k | €21k | €13k |
| Result before taxes | 9903 | €27k | €39k | €2k | €-39k | €112k |
| Income taxes | 67/77 | €9k | €5k | €221 | €2k | €6k |
| Net result for the period | 9904 | €18k | €34k | €1k | €-41k | €106k |
| Result to be appropriated | 9905 | €18k | €34k | €1k | €-41k | €106k |
Directors & mandates
Current directors & mandates
-
VAN DER WAALS Patrick Michel AgnesDirectorState Gazette act 24435889 (11-10-2024)Current11-10-2024 → present
Legal Structure
| NACE primary | Limited-service restaurants, excluding mobile food services(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 26-02-2003 |
| Status | Active |
| Postal code | 2800 |
Establishment units
CARLTON
since 20032.127.002.439
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0017/00B000 | Flanders | 178 m² | 1 · 178 m² | 15.0 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-10
State Gazette act
Director changes
v3.2
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-41k ▼139%
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 1 year ago
2024
11-10-2024 VAN DER WAALS Patrick Michel Agnes appointed as director
- VAN DER WAALS Patrick Michel Agnes, Bestuurder
Summary:
v3.2
Technical details
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"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "VAN DER WAALS Patrick Michel Agnes",
"address": null,
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],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0479.655.397",
"name_full": "VETO"
}
}Credit advice
Company registry (CBE)
Activities
5530155302Full-service restaurants56101Limited-service restaurants56102Full-service restaurants56111Limited-service restaurants, excluding mobile food services5611255522Event catering56210
Names & trade names
| Legal nameNL | VETO |
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