VETRIA
ActiveVETRIA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.48M and a net result of €-158k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▼-38
Solvency70▲+7
Growth55▼-16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.21 in 2023; short-term debt: 41.7% and cash: 10.8% of total assets), and 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
45.1%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
2024
31 d late
2023
58 d late
2022
95 d early
2021
24 d early
2020
27 d early
2019
24 d early
2018
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€25.89M▲ 16.8%
2023 · €22.16M
2019: €16.75M
2020: €19.65M
2021: €23.98M
2022: €24.67M
2023: €22.16M
2019 → 2024
EBIT margin
-0.5%▼ 2.8pp
2023 · 2.3%
2019: 0.9%
2020: 0.7%
2021: 1.6%
2022: 3.1%
2023: 2.3%
2019 → 2024
Net result
€-158k
2023 · €367k
2019: €76k
2020: €87k
2021: €264k
2022: €553k
2023: €367k
2019 → 2024
Working capital
€635k▼ 9.4%
2023 · €701k
2019: €940k
2020: €-66k
2021: €101k
2022: €241k
2023: €701k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€19.65M-€23.98M▲ 22.1%€24.67M▲ 2.9%€22.16M▼ 10.2%€25.89M▲ 16.8%
Equity€2.13M-€2.37M▲ 11.6%€2.27M▼ 4.3%€2.63M▲ 15.9%€2.48M▼ 6.0%
Operating result€138k-€392k▲ 185%€776k▲ 97.9%€505k▼ 34.9%€-123k
Net result€87k-€264k▲ 204%€553k▲ 110%€367k▼ 33.7%€-158k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €123k after €505k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.49M
Fixed assets
€2.57M▼ 8.2%
Current assets
€2.92M▼ 28.8%
Equity and liabilities €5.49M
Equity
€2.48M▼ 6.0%
Debt
€3.01M▼ 29.4%
The debt ratio falls from 61.8% to 54.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€87k▼
2023 · €674k
Cash flow
€52k▼
2023 · €536k
Solvency
45.1%▲
2023 · 38.2%
Current ratio
1.28▲
2023 · 1.21
Quick ratio
0.61▲
2023 · 0.52
Debt / equity
1.22▼
2023 · 1.62
ROE
-6.4%▼
2023 · 13.9%
ROA
-2.9%▼
2023 · 5.3%
Interest coverage
0.97▼
2023 · 7.54
Debt
€3.01M▼
2023 · €4.27M
Debt ≤ 1 year
€2.29M▼
2023 · €3.41M
Debt > 1 year
€708k▼
2023 · €833k
Income taxes
€6k▼
2023 · €123k
Staff costs
€408k▲
2023 · €263k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6.90M€5.49M▼
Fixed assets21/28€2.79M€2.57M▼
Intangible fixed assets21€40k€9k▼
Tangible fixed assets22/27€2.75M€2.56M▼
Land and buildings22€2.64M€2.53M▼
Plant, machinery and equipment23€87k€22k▼
Furniture and vehicles24€21k€6k▼
Financial fixed assets28€9k€1k▼
Other financial fixed assets284/8€9k€1k▼
Amounts receivable and cash guarantees285/8€9k€1k▼
Current assets29/58€4.11M€2.92M▼
Stocks and contracts in progress3€2.32M€1.53M▼
Stocks30/36€2.32M€1.53M▼
Goods purchased for resale34€2.32M€1.53M▼
Amounts receivable within one year40/41€900k€746k▼
Trade receivables40€900k€746k▼
Other amounts receivable41€7-
Cash at bank and in hand54/58€878k€595k▼
Deferred charges and accrued income490/1€7k€49k▲
Equity and liabilities
Total equity and liabilities10/49€6.90M€5.49M▼
Equity10/15€2.63M€2.48M▼
Contributions10/11€334k€334k=
Reserves13€40k€40k=
Non-distributable reserves130/1€33k€33k=
Reserves not available under the articles1311€33k€33k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€2.26M€2.10M▼
Amounts payable17/49€4.27M€3.01M▼
Amounts payable after more than one year17€833k€708k▼
Financial debts170/4€833k€708k▼
Credit institutions173€833k€708k▼
Amounts payable within one year42/48€3.41M€2.29M▼
Current portion of amounts payable after more than one year42€83k€83k=
Trade debts44€1.44M€950k▼
Suppliers440/4€1.44M€950k▼
Taxes, remuneration and social security45€112k€92k▼
Taxes450/3€94k€60k▼
Remuneration and social security454/9€19k€33k▲
Other amounts payable47/48€1.77M€1.16M▼
Accrued charges and deferred income492/3€29k€18k▼
Income statement
Code20232024
Operating income70/76A€22.21M€26.02M▲
Turnover70€22.16M€25.89M▲
Other operating income74€51k€123k▲
Operating charges60/66A€21.71M€26.14M▲
Goods for resale, raw materials and consumables60€20.09M€23.65M▲
Purchases600/8€19.90M€22.86M▲
Change in stocks: decrease (increase)609€194k€790k▲
Services and other goods61€1.14M€1.74M▲
Remuneration, social security and pensions62€263k€408k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169k€210k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€49k€135k▲
Non-recurring operating charges66A€0€216▲
Operating profit (loss)9901€505k€-123k▼
Financial income75/76B€74k€70k▼
Recurring financial income75€74k€70k▼
Income from current assets751-€52
Other financial income752/9€74k€70k▼
Non-recurring financial income76B-€8
Financial charges65/66B€89k€99k▲
Recurring financial charges65€89k€90k▲
Debt charges650€89k€90k▲
Other financial charges652/9-€447
Non-recurring financial charges66B-€9k
Profit (loss) for the period before taxes9903€489k€-152k▼
Income taxes67/77€123k€6k▼
Taxes670/3€130k€7k▼
Tax adjustments and reversals of tax provisions77€7k€1k▼
Profit (loss) for the period9904€367k€-158k▼
Profit (loss) for the period to be appropriated9905€367k€-158k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.26M€2.10M▼
Profit (loss) brought forward from the previous period14P€1.90M€2.26M▲
Profit to be distributed694/7€5k-
Other beneficiaries697€5k-
Social balance
Average headcount (FTE)90875.55.4▼
The notes to these accounts (60 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-158k ▼143%
Net result drops to €-158k, the lowest in the series.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Highest result since 2019net €553k ▲110%
Operating result €776k, net result €553k, both a record.
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Beernem · 2 establishment units since 2003
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.
Parkstraat 28730 BeernemGround area
8,280 m²
Building footprint
3,427 m²
Volume, LiDAR
7,244 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Vetria
since 20032.136.697.489
Industriepark Oost 19, 8730 Beernem
since 20202.298.052.239
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31028D0103/00H002 | Flanders | 5,000 m² | 1 · 2,195 m² | - |
| 31003D0006/00L003 | Flanders | 3,280 m² | 1 · 1,232 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeernem2.298.052.239
Similar companies · same sector, comparable size
COOK BELGIUM
BE 0429.919.440
Antwerpen · Eq €2.47M
G-FLEX FLEXIBLE INSTRUMENTS EUROPE
BE 0876.308.490
Nivelles · Eq €2.45M
Advanced Practical Diagnostics
BE 0806.556.285
Turnhout · Eq €2.50M
KERCKAERT & LABOROR
BE 0403.030.743
Lokeren · Eq €2.52M
PHARMA BASE
BE 0441.943.282
Genk · Eq €2.53M
Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 678 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-1989
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
21209Manufacture of basic pharmaceutical products and pharmaceutical preparations
24422
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:050/20.71.10
Fax:050/20.71.11