VETRACO
ActiveSummary
VETRACO has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €23k. Equity is growing by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+7
Solvency100▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 2.98 in 2024; short-term debt: 21.2% and cash: 21.8% of total assets), and 24.9% 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○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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.1%
Return on assets
17.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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
53 d late
2024
12 d late
2023
19 d early
2022
48 d early
2021
80 d early
2020
9 d early
2019
72 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€98k▲ 31.1%
2024 · €75k
Total assets
€131k▲ 11.8%
2024 · €117k
Net result
€23k▲ 66.7%
2024 · €14k
Working capital
€87k▲ 35.6%
2024 · €64k
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€43k▲ 34.4%€17k▼ 60.5%€43k▲ 154%€22k▼ 49.5%€35k▲ 58.9%
Net result€38k▲ 21.1%€12k▼ 67.8%€30k▲ 150%€14k▼ 54.0%€23k▲ 66.7%
Equity€18k€30k▲ 66.3%€61k▲ 99.8%€75k▲ 23.0%€98k▲ 31.1%
Total assets€122k▼ 18.0%€114k▼ 6.9%€107k▼ 5.8%€117k▲ 9.1%€131k▲ 11.8%
Debt€104k▼ 38.4%€83k▼ 19.8%€46k▼ 44.4%€42k▼ 9.1%€33k▼ 22.6%
Working capital€43k▲ 78.3%€38k▼ 12.7%€53k▲ 41.8%€64k▲ 19.8%€87k▲ 35.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 59% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €131k
Fixed assets
€16k ▼ 21.8%
Current assets
€114k ▲ 19.0%
Equity and liabilities €131k
Equity
€98k ▲ 31.1%
Debt
€33k ▼ 22.6%
Debt's share of the balance-sheet total falls from 36.0% to 24.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €26k
Cash flow
€28k▲
2024 · €18k
Current ratio
4.13▲
2024 · 2.98
Debt to equity
0.33▼
2024 · 0.56
ROE
23.7%▲
2024 · 18.7%
ROA
17.8%▲
2024 · 12.0%
Interest coverage
53.86▲
2024 · 33.97
Debt ≤ 1 year
€28k▼
2024 · €32k
Debt > 1 year
€5k▼
2024 · €10k
Income taxes
€11k▲
2024 · €7k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €3k | €4k | €5k | ▲ 17.5% |
| Other operating charges640/8 | €2k | €1k | €8k | €2k | €2k | ▲ 1.1% |
| Gross operating margin9900 | €48k | €21k | €54k | €27k | €41k | ▲ 49.3% |
| Operating profit (loss)9901 | €43k | €17k | €43k | €22k | €35k | ▲ 58.9% |
| Financial income75/76B | €116 | €20 | €107 | €12 | €0 | ▼ 98.2% |
| Recurring financial income75 | €116 | €20 | €107 | €12 | €0 | ▼ 98.2% |
| Financial charges65/66B | €331 | €749 | €267 | €755 | €727 | ▼ 3.7% |
| Recurring financial charges65 | €331 | €749 | €267 | €755 | €727 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €43k | €16k | €43k | €21k | €34k | ▲ 61.1% |
| Income taxes67/77 | €5k | €4k | €13k | €7k | €11k | ▲ 49.8% |
| Profit (loss) for the period9904 | €38k | €12k | €30k | €14k | €23k | ▲ 66.7% |
| Profit (loss) for the period to be appropriated9905 | €38k | €12k | €30k | €14k | €23k | ▲ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €114k | €107k | €117k | €131k | ▲ 11.8% |
| Fixed assets21/28 | €6k | €6k | €8k | €21k | €16k | ▼ 21.8% |
| Tangible fixed assets22/27 | €5k | €6k | €8k | €21k | €16k | ▼ 21.9% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | €561 | €147 | ▼ 73.9% |
| Furniture and vehicles24 | €1k | €622 | €208 | - | - | - |
| Other tangible fixed assets26 | €2k | €4k | €6k | €20k | €16k | ▼ 20.5% |
| Financial fixed assets28 | €74 | €74 | €74 | €74 | €74 | = |
| Current assets29/58 | €116k | €107k | €99k | €96k | €114k | ▲ 19.0% |
| Amounts receivable within one year40/41 | €74k | €58k | €79k | €69k | €83k | ▲ 20.4% |
| Trade receivables40 | €74k | €58k | €75k | €66k | €77k | ▲ 16.5% |
| Other amounts receivable41 | €67 | - | €3k | €3k | €6k | ▲ 110% |
| Cash at bank and in hand54/58 | €40k | €45k | €19k | €25k | €28k | ▲ 15.5% |
| Deferred charges and accrued income490/1 | €2k | €5k | €2k | €2k | €3k | ▲ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €114k | €107k | €117k | €131k | ▲ 11.8% |
| Equity10/15 | €18k | €30k | €61k | €75k | €98k | ▲ 31.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €34k | €34k | €42k | €56k | €79k | ▲ 41.4% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €32k | €32k | €42k | €56k | €79k | ▲ 41.4% |
| Profit (loss) carried forward14 | €-35k | €-22k | - | - | - | - |
| Amounts payable17/49 | €104k | €83k | €46k | €42k | €33k | ▼ 22.6% |
| Amounts payable after more than one year17 | €30k | €13k | - | €10k | €5k | ▼ 51.2% |
| Financial debts170/4 | €30k | €13k | - | €10k | €5k | ▼ 51.2% |
| Amounts payable within one year42/48 | €73k | €70k | €46k | €32k | €28k | ▼ 13.9% |
| Current portion of amounts payable after more than one year42 | €16k | €17k | €13k | €5k | €5k | ▲ 4.1% |
| Trade debts44 | €2k | €5k | €8k | €4k | €8k | ▲ 81.0% |
| Suppliers440/4 | €2k | €5k | €8k | €4k | €8k | ▲ 81.0% |
| Advances received on contracts in progress46 | - | €5k | - | - | - | - |
| Taxes, remuneration and social security45 | €12k | €13k | €20k | €20k | €15k | ▼ 25.8% |
| Taxes450/3 | €12k | €13k | €20k | €20k | €15k | ▼ 25.8% |
| Other amounts payable47/48 | €44k | €30k | €4k | €3k | - | - |
| Accrued charges and deferred income492/3 | €129 | - | €257 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €12k | €30k | €14k | €23k | ▲ 66.7% |
| + Depreciation and write-downs630 | €4k | €3k | €3k | €4k | €5k | ▲ 17.5% |
| Operating cash flow (approximation) | €41k | €15k | €33k | €18k | €28k | ▲ 56.1% |
| Investment in fixed assets (approximation) | - | €-3k | €-5k | €-17k | €0 | ▲ 100% |
| Change in cash | - | €4k | €-26k | €6k | €4k | ▼ 37.2% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €38k ▲21.1%
Net result €38k, the highest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Waasmunster · 1 establishment unit since 2006
Ground area
797 m²
Building footprint
189 m²
Volume, LiDAR
1,093 m³
Parcel 42023B0637/00W000, Flanders · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vetraco
since 20062.242.120.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0637/00W000 | Flanders | 797 m² | 1 · 189 m² | 16.0 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 2025 · 4 entries · 387 EUR awarded · 387 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 144 EUR | 144 EUR |
| 2024 | 1 | 93 EUR | 93 EUR |
| 2023 | 1 | 90 EUR | 90 EUR |
| 2022 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,238 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
Founded26-11-1976
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
29320Manufacture of motor vehicles, trailers and semi-trailers
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.