VEVA
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 29 filings
Equity
€143,193▼ 12.1%
2024 · €162,949
Total assets
€3.0m▼ 0.9%
2024 · €3.1m
Net result
-€19,756
2024 · €379,246
Working capital
-€223,222▼ 9.7%
2024 · -€203,391
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€4,122
▼ 11.3%
2025
20182025
Net result
-€19,756
2025
lowest quarter of the sector
20182025
Equity
€143,193
▼ 12.1%
2025
middle half of the sector
20182025
Total assets
€3.0m
▼ 0.9%
2025
highest quarter of the sector
20182025
Debt
€2.9m
▼ 0.3%
2025
20182025
Working capital
-€223,222
▼ 9.7%
2025
lowest quarter of the sector
20182025
Solvency
4.7%
▼ 0.6pp
2025
lowest quarter of the sector
20182025
Current ratio
0.92
▼ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
-0.6%
▼ 13.0pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.07m-€0.2m€0.3m▲ 48.6%€0.3m▼ 18.0%-€0.003m-€0.003m▲ 2.6%-€0.004m▼ 10.4%-€0.004m▼ 11.3%
Net result€0.04m-€0.4m▲ 801%€0.3mabove the sector's middle half▼ 10.0%€0.3mabove the sector's middle half▼ 11.7%€0.2mabove the sector's middle half▼ 28.3%€0.4mabove the sector's middle half▲ 88.1%€0.4mabove the sector's middle half▼ 0.3%-€0.02mbelow the sector's middle half
Equity-€0.7m--€0.3m▲ 50.8%-€0.02mbelow the sector's middle half▲ 93.0%€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 31.5%€0.2mwithin the sector's middle half▲ 2.1%€0.2mwithin the sector's middle half▲ 2.7%€0.1mwithin the sector's middle half▼ 12.1%
Total assets€0.6m-€1.0m▲ 62.4%€1.4mwithin the sector's middle half▲ 36.5%€1.8mwithin the sector's middle half▲ 24.4%€2.1mwithin the sector's middle half▲ 20.1%€2.7mwithin the sector's middle half▲ 27.6%€3.1mabove the sector's middle half▲ 12.6%€3.0mabove the sector's middle half▼ 0.9%
Debt€1.3m-€1.4m▲ 3.5%€1.5m▲ 4.5%€1.7m▲ 14.2%€2.0m▲ 19.3%€2.6m▲ 29.6%€2.9m▲ 13.2%€2.9m▼ 0.3%
Working capital-€1.1m--€0.7m▲ 33.6%-€0.4mbelow the sector's middle half▲ 45.5%-€0.2mbelow the sector's middle half▲ 37.2%-€0.2mbelow the sector's middle half▲ 12.6%-€0.2mbelow the sector's middle half▲ 1.6%-€0.2mbelow the sector's middle half▲ 1.7%-€0.2mbelow the sector's middle half▼ 9.7%
Solvency-108.3%--32.8%▲ 75.5pp-1.7%below the sector's middle half▲ 31.1pp6.6%below the sector's middle half▲ 8.3pp7.3%below the sector's middle half▲ 0.6pp5.8%below the sector's middle half▼ 1.4pp5.3%below the sector's middle half▼ 0.5pp4.7%below the sector's middle half▼ 0.6pp
Current ratio0.21-0.49▲ 0.280.74within the sector's middle half▲ 0.240.85within the sector's middle half▲ 0.120.89within the sector's middle half▲ 0.040.92within the sector's middle half▲ 0.030.93within the sector's middle half▲ 0.010.92within the sector's middle half▼ 0.01
Return on assets (ROA)6.1%-33.9%▲ 27.8pp22.3%above the sector's middle half▼ 11.5pp15.9%above the sector's middle half▼ 6.5pp9.5%within the sector's middle half▼ 6.4pp13.9%within the sector's middle half▲ 4.5pp12.3%within the sector's middle half▼ 1.6pp-0.6%below the sector's middle half▼ 13.0pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €4,122, larger than the loss of €3,702 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€366,415 =
Current assets
€2.7m ▼ 1.1%
Equity and liabilities €3.0m
Equity
€143,193 ▼ 12.1%
Debt
€2.9m ▼ 0.3%
Debt's share of the balance-sheet total rises from 94.7% to 95.3%. Equity and debt are lower.
Key figures and ratios
Debt to equity
20.25▲
2024 · 17.85
ROE
-13.8%▼
2024 · 232.7%
Debt ≤ 1 year
€2.9m▼
2024 · €2.9m
Income taxes
€0▼
2024 · €1,590
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €120 | €197 | €132 | €1,108 | €1,143 | ▲ 3.1% |
| Gross operating margin9900 | -€60,378 | €210,220 | €311,967 | €255,746 | -€3,246 | -€3,223 | -€2,594 | -€2,980 | ▼ 14.9% |
| Operating profit (loss)9901 | -€69,881 | €209,908 | €311,848 | €255,626 | -€3,443 | -€3,355 | -€3,702 | -€4,122 | ▼ 11.3% |
| Financial income75/76B | - | - | - | €40,000 | €220,001 | €400,200 | €400,302 | €255 | ▼ 99.9% |
| Recurring financial income75 | €120,000 | €157,000 | €20,000 | €40,000 | €220,001 | €400,200 | €400,302 | €255 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €13,437 | €14,149 | €15,337 | €15,764 | €15,889 | ▲ 0.8% |
| Recurring financial charges65 | €10,735 | €11,947 | €12,257 | €13,437 | €14,149 | €15,337 | €15,764 | €15,889 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €39,383 | €354,961 | €319,591 | €282,189 | €202,409 | €381,508 | €380,836 | -€19,756 | - |
| Income taxes67/77 | - | - | - | - | €179 | €1,203 | €1,590 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €39,383 | €354,961 | €319,591 | €282,189 | €202,230 | €380,305 | €379,246 | -€19,756 | - |
| Profit (loss) for the period to be appropriated9905 | €39,383 | €354,961 | €319,591 | €282,189 | €202,230 | €380,305 | €379,246 | -€19,756 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €1.0m | €1.4m | €1.8m | €2.1m | €2.7m | €3.1m | €3.0m | ▼ 0.9% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €0.3m | €0.7m | €1.1m | €1.4m | €1.8m | €2.4m | €2.7m | €2.7m | ▼ 1.1% |
| Stocks and contracts in progress3 | €0.03m | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.7m | €1.1m | €1.4m | €1.8m | €2.4m | €2.7m | €2.7m | ▼ 1.1% |
| Trade receivables40 | - | - | - | €1.4m | €1.7m | €2.3m | €2.6m | €2.7m | ▲ 1.6% |
| Other amounts receivable41 | - | - | - | - | €0.09m | €0.03m | €0.09m | €0.02m | ▼ 74.7% |
| Cash at bank and in hand54/58 | €0.02m | €0.004m | €0.007m | €0.001m | €0.002m | €0.004m | €132 | €347 | ▲ 162% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €1.0m | €1.4m | €1.8m | €2.1m | €2.7m | €3.1m | €3.0m | ▼ 0.9% |
| Equity10/15 | -€0.7m | -€0.3m | -€0.02m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 12.1% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 12.6% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 12.8% |
| Profit (loss) carried forward14 | -€0.7m | -€0.4m | -€0.03m | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.3m | €1.4m | €1.5m | €1.7m | €2.0m | €2.6m | €2.9m | €2.9m | ▼ 0.3% |
| Amounts payable within one year42/48 | €1.3m | €1.4m | €1.4m | €1.7m | €2.0m | €2.6m | €2.9m | €2.9m | ▼ 0.3% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €1.0m | €1.0m | ▲ 0.1% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.5m | €1.0m | €1.0m | ▲ 0.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €179 | €0.001m | €0.002m | €0.002m | = |
| Taxes450/3 | - | - | - | €0.004m | €179 | €0.001m | €0.002m | €0.002m | = |
| Other amounts payable47/48 | - | - | - | €1.5m | €1.6m | €2.1m | €1.9m | €1.9m | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.001m | €0.001m | €75 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,383 | €354,961 | €319,591 | €282,189 | €202,230 | €380,305 | €379,246 | -€19,756 | - |
| Operating cash flow (approximation) | €39,383 | €354,961 | €319,591 | €282,189 | €202,230 | €380,305 | €379,246 | -€19,756 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€16,070 | €2,872 | -€5,278 | €232 | €1,879 | -€3,409 | €215 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,104 companies had the same profile as VEVA has now. Two years later, 94.3% were still going and 1.8% had gone bankrupt.
- Small
- 20 years or older
- solvency under 10%
- a small loss
94.3%
was still going
3.5%
stopped otherwise
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VEVA itself is lower: 0.3% within 12 months. It rests on far more data about VEVA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for VEVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00367309 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00362962 | |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00253749 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00242998 | |
| 31-12-2021 | abbreviated format | 14-07-2022 | 2022-20192575 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29700030 | |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-30700011 | |
| 31-12-2018 | abbreviated format | 09-07-2019 | 2019-30700406 | |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-27900390 | |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-32700014 |