VETRON
ActiveSummary
VETRON has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €70k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency38▼-37
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 2.53 in 2024; short-term debt: 20.5% and cash: 26.9% of total assets), but 86.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
13.3%
Return on assets
25.5%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4654 sector peers (2025).
NBB · sector comparisonPosition among 4654 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-03-2026, 141 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
141 d early
2024
140 d early
2023
16 d early
2022
18 d early
2021
24 d early
2020
33 d early
2019
30 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
€37k▼ 73.3%
2024 · €137k
2018: €46k
2019: €47k▲ +3.5% vs 2018
2020: €54k▲ +14.6% vs 2019
2021: €64k▲ +18.0% vs 2020
2022: €89k▲ +40.1% vs 2021
2023: €129k▲ +44.5% vs 2022
2024: €137k▲ +5.8% vs 2023highest in 8 years
2025: €37k▼ -73.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€275k=
2024 · €274k
2018: €246k
2019: €234k▼ -5.0% vs 2018lowest in 8 years
2020: €256k▲ +9.3% vs 2019
2021: €304k▲ +18.8% vs 2020highest in 8 years
2022: €251k▼ -17.4% vs 2021
2023: €268k▲ +6.9% vs 2022
2024: €274k▲ +2.3% vs 2023
2025: €275k● +0.0% vs 2024
2018 → 2025
Net result
€70k▲ 13.7%
2024 · €61k
2018: €-4klowest in 8 years
2019: €2k▲ +146% vs 2018
2020: €7k▲ +330% vs 2019
2021: €10k▲ +40.9% vs 2020
2022: €33k▲ +236% vs 2021
2023: €40k▲ +21.8% vs 2022
2024: €61k▲ +54.6% vs 2023
2025: €70k▲ +13.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€136k▲ 11.2%
2024 · €123k
2018: €39klowest in 8 years
2019: €55k▲ +41.7% vs 2018
2020: €41k▼ -25.9% vs 2019
2021: €45k▲ +8.5% vs 2020
2022: €68k▲ +52.2% vs 2021
2023: €117k▲ +72.2% vs 2022
2024: €123k▲ +4.8% vs 2023
2025: €136k▲ +11.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€89k▲ 40.1%€129k▲ 44.5%€137k▲ 5.8%€37k▼ 73.3%
2021: €64k
2022: €89k▲ +40.1% vs 2021
2023: €129k▲ +44.5% vs 2022
2024: €137k▲ +5.8% vs 2023highest in 5 years
2025: €37k▼ -73.3% vs 2024lowest in 5 years
Operating result€21k-€44k▲ 109%€55k▲ 25.7%€82k▲ 48.4%€90k▲ 9.5%
2021: €21klowest in 5 years
2022: €44k▲ +109% vs 2021
2023: €55k▲ +25.7% vs 2022
2024: €82k▲ +48.4% vs 2023
2025: €90k▲ +9.5% vs 2024highest in 5 years
Net result€10k-€33k▲ 236%€40k▲ 21.8%€61k▲ 54.6%€70k▲ 13.7%
2021: €10klowest in 5 years
2022: €33k▲ +236% vs 2021
2023: €40k▲ +21.8% vs 2022
2024: €61k▲ +54.6% vs 2023
2025: €70k▲ +13.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275k
Fixed assets
€82k ▲ 14.5%
Current assets
€193k ▼ 5.0%
Equity and liabilities €275k
Equity
€37k ▼ 73.3%
Debt
€238k ▲ 72.8%
Debt's share of the balance-sheet total rises from 50.2% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112k▼
2024 · €116k
Cash flow
€92k▼
2024 · €95k
Current ratio
3.42▲
2024 · 2.53
Debt to equity
6.51▲
2024 · 1.01
ROE
191.2%▲
2024 · 45.0%
ROA
25.5%▲
2024 · 22.4%
Interest coverage
47.65▲
2024 · 28.24
Debt ≤ 1 year
€56k▼
2024 · €80k
Debt > 1 year
€182k▲
2024 · €57k
Income taxes
€19k▲
2024 · €17k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€274k€275k=
Fixed assets21/28€72k€82k▲
Tangible fixed assets22/27€72k€82k▲
Land and buildings22€52k€43k▼
Furniture and vehicles24€6k€22k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€13k€17k▲
Current assets29/58€203k€193k▼
Amounts receivable within one year40/41€63k€55k▼
Trade receivables40€63k€55k▼
Other amounts receivable41-€99
Current investments50/53€73k€62k▼
Cash at bank and in hand54/58€64k€74k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€274k€275k=
Equity10/15€137k€37k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€116k€16k▼
Amounts payable17/49€138k€238k▲
Amounts payable after more than one year17€57k€182k▲
Financial debts170/4€57k€50k▼
Other amounts payable178/9€108€132k▲
Amounts payable within one year42/48€80k€56k▼
Current portion of amounts payable after more than one year42€11k€7k▼
Financial debts43€3k€4k▲
Credit institutions430/8€3k€4k▲
Trade debts44€12k€15k▲
Suppliers440/4€12k€15k▲
Taxes, remuneration and social security45€17k€29k▲
Taxes450/3€17k€29k▲
Other amounts payable47/48€37k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€22k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€119k€115k▼
Operating profit (loss)9901€82k€90k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€78k€89k▲
Income taxes67/77€17k€19k▲
Profit (loss) for the period9904€61k€70k▲
Profit (loss) for the period to be appropriated9905€61k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€170k€186k▲
Profit (loss) brought forward from the previous period14P€109k€116k▲
Profit to be distributed694/7€54k€170k▲
Return on contributions (dividend)694€54k€170k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €23k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €42k | €43k | €34k | €22k | ▼ 35.3% |
| Other operating charges640/8 | €3k | €3k | €3k | €3k | €3k | ▼ 0.8% |
| Non-recurring operating charges66A | €0 | €213 | €0 | - | - | - |
| Gross operating margin9900 | €68k | €90k | €101k | €119k | €115k | ▼ 3.6% |
| Operating profit (loss)9901 | €21k | €44k | €55k | €82k | €90k | ▲ 9.5% |
| Financial income75/76B | €4 | €0 | €0 | €0 | €1k | ▲ 1,666,600% |
| Recurring financial income75 | €4 | €0 | €0 | €0 | €1k | ▲ 1,666,600% |
| Financial charges65/66B | €5k | €5k | €4k | €4k | €2k | ▼ 42.9% |
| Recurring financial charges65 | €5k | €5k | €4k | €4k | €2k | ▼ 42.9% |
| Profit (loss) for the period before taxes9903 | €16k | €39k | €51k | €78k | €89k | ▲ 13.5% |
| Income taxes67/77 | €7k | €7k | €11k | €17k | €19k | ▲ 13.0% |
| Profit (loss) for the period9904 | €10k | €33k | €40k | €61k | €70k | ▲ 13.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €33k | €40k | €61k | €70k | ▲ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304k | €251k | €268k | €274k | €275k | = |
| Fixed assets21/28 | €217k | €142k | €103k | €72k | €82k | ▲ 14.5% |
| Tangible fixed assets22/27 | €217k | €142k | €103k | €72k | €82k | ▲ 14.5% |
| Land and buildings22 | €82k | €72k | €62k | €52k | €43k | ▼ 18.2% |
| Furniture and vehicles24 | €52k | €13k | €8k | €6k | €22k | ▲ 266% |
| Leasing and similar rights25 | €65k | €41k | €16k | €0 | - | - |
| Other tangible fixed assets26 | €18k | €16k | €16k | €13k | €17k | ▲ 28.1% |
| Current assets29/58 | €87k | €109k | €165k | €203k | €193k | ▼ 5.0% |
| Amounts receivable within one year40/41 | €42k | €51k | €51k | €63k | €55k | ▼ 12.9% |
| Trade receivables40 | €42k | €51k | €51k | €63k | €55k | ▼ 13.0% |
| Other amounts receivable41 | - | - | - | - | €99 | - |
| Current investments50/53 | €11k | €11k | €73k | €73k | €62k | ▼ 15.1% |
| Cash at bank and in hand54/58 | €27k | €45k | €38k | €64k | €74k | ▲ 15.9% |
| Deferred charges and accrued income490/1 | €7k | €2k | €3k | €3k | €2k | ▼ 44.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304k | €251k | €268k | €274k | €275k | = |
| Equity10/15 | €64k | €89k | €129k | €137k | €37k | ▼ 73.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €43k | €69k | €109k | €116k | €16k | ▼ 86.2% |
| Amounts payable17/49 | €240k | €161k | €139k | €138k | €238k | ▲ 72.8% |
| Amounts payable after more than one year17 | €196k | €119k | €91k | €57k | €182k | ▲ 216% |
| Financial debts170/4 | €121k | €94k | €90k | €57k | €50k | ▼ 12.7% |
| Other amounts payable178/9 | €75k | €25k | €184 | €108 | €132k | ▲ 121,535% |
| Amounts payable within one year42/48 | €42k | €41k | €48k | €80k | €56k | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €33k | €11k | €7k | ▼ 34.2% |
| Financial debts43 | - | - | - | €3k | €4k | ▲ 35.4% |
| Credit institutions430/8 | - | - | - | €3k | €4k | ▲ 35.4% |
| Trade debts44 | €12k | €9k | €11k | €12k | €15k | ▲ 29.9% |
| Suppliers440/4 | €12k | €9k | €11k | €12k | €15k | ▲ 29.9% |
| Taxes, remuneration and social security45 | €3k | €5k | €4k | €17k | €29k | ▲ 74.4% |
| Taxes450/3 | €3k | €5k | €4k | €17k | €29k | ▲ 74.4% |
| Other amounts payable47/48 | - | - | - | €37k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2k | €1k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €33k | €40k | €61k | €70k | ▲ 13.7% |
| + Depreciation and write-downs630 | €44k | €42k | €43k | €34k | €22k | ▼ 35.3% |
| Operating cash flow (approximation) | €54k | €75k | €82k | €95k | €92k | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | €33k | €-4k | €-3k | €-32k | ▼ 1,093% |
| Change in cash | - | €18k | €-6k | €25k | €10k | ▼ 60.0% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €70k ▲13.7%
Operating result €90k, net result €70k, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €129k ▲44.5%
5 profitable years in a row build equity to €129k.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Lommel · 1 establishment unit since 2015
Ground area
449 m²
Building footprint
118 m²
Parcel 72345B2228/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
VETRON
since 20152.238.032.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B2228/00H000 | Flanders | 449 m² | 1 · 117 m² | - |
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
2023 to 2025 · 2 entries · 182 EUR awarded · 182 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 56 EUR | 56 EUR |
| 2023 | 1 | 126 EUR | 126 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 5,733 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
Founded12-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Contact
E-mail
philippe@vetron.beLommel
Phone
0489/711262Lommel
Scores and ratios are computed by Checked and are not a credit decision.