VEWACO
ActiveSummary
VEWACO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.08M and a net result of €569k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 86% of 1034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 4.77 against 4.34 in 2024; short-term debt: 14.9% and cash: 16.8% of total assets), and 19.5% 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
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
80.5%
Return on assets
14.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d early
2023
2 d early
2022
28 d late
2021
28 d late
2020
on the day
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.08M▲ 11.7%
2024 · €2.76M
2019: €550klowest in 7 years
2020: €785k▲ +42.7% vs 2019
2021: €1.23M▲ +56.2% vs 2020
2022: €1.69M▲ +38.0% vs 2021
2023: €2.15M▲ +27.0% vs 2022
2024: €2.76M▲ +28.3% vs 2023
2025: €3.08M▲ +11.7% vs 2024highest in 7 years
2019 → 2025
Total assets
€3.83M▲ 6.0%
2024 · €3.61M
2019: €2.39M
2020: €2.35M▼ -1.7% vs 2019lowest in 7 years
2021: €2.79M▲ +18.8% vs 2020
2022: €3.14M▲ +12.6% vs 2021
2023: €3.35M▲ +6.7% vs 2022
2024: €3.61M▲ +7.7% vs 2023
2025: €3.83M▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Net result
€569k▼ 6.5%
2024 · €608k
2019: €224klowest in 7 years
2020: €235k▲ +4.9% vs 2019
2021: €441k▲ +87.9% vs 2020
2022: €466k▲ +5.6% vs 2021
2023: €457k▼ -1.9% vs 2022
2024: €608k▲ +33.0% vs 2023highest in 7 years
2025: €569k▼ -6.5% vs 2024
2019 → 2025
Working capital
€2.15M▲ 20.1%
2024 · €1.79M
2019: €55klowest in 7 years
2020: €248k▲ +352% vs 2019
2021: €536k▲ +116% vs 2020
2022: €898k▲ +67.4% vs 2021
2023: €1.26M▲ +40.2% vs 2022
2024: €1.79M▲ +42.0% vs 2023
2025: €2.15M▲ +20.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.23M-€1.69M▲ 38.0%€2.15M▲ 27.0%€2.76M▲ 28.3%€3.08M▲ 11.7%
2021: €1.23Mlowest in 5 years
2022: €1.69M▲ +38.0% vs 2021
2023: €2.15M▲ +27.0% vs 2022
2024: €2.76M▲ +28.3% vs 2023
2025: €3.08M▲ +11.7% vs 2024highest in 5 years
Operating result€667k-€691k▲ 3.6%€667k▼ 3.4%€813k▲ 21.8%€751k▼ 7.6%
2021: €667klowest in 5 years
2022: €691k▲ +3.6% vs 2021
2023: €667k▼ -3.4% vs 2022
2024: €813k▲ +21.8% vs 2023highest in 5 years
2025: €751k▼ -7.6% vs 2024
Net result€441k-€466k▲ 5.6%€457k▼ 1.9%€608k▲ 33.0%€569k▼ 6.5%
2021: €441klowest in 5 years
2022: €466k▲ +5.6% vs 2021
2023: €457k▼ -1.9% vs 2022
2024: €608k▲ +33.0% vs 2023highest in 5 years
2025: €569k▼ -6.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.83M
Fixed assets
€1.11M ▼ 13.8%
Current assets
€2.72M ▲ 17.0%
Equity and liabilities €3.83M
Equity
€3.08M ▲ 11.7%
Debt
€748k ▼ 12.5%
Debt's share of the balance-sheet total falls from 23.7% to 19.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€929k▼
2024 · €1.03M
Cash flow
€746k▼
2024 · €823k
Current ratio
4.77▲
2024 · 4.34
Quick ratio
3.61▲
2024 · 3.14
Debt to equity
0.24▼
2024 · 0.31
ROE
18.5%▼
2024 · 22.1%
ROA
14.9%▼
2024 · 16.8%
Interest coverage
58.52▲
2024 · 41.77
Debt ≤ 1 year
€569k▲
2024 · €535k
Debt > 1 year
€171k▼
2024 · €311k
Income taxes
€187k▼
2024 · €204k
Staff costs
€777k▼
2024 · €819k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.61M€3.83M▲
Fixed assets21/28€1.29M€1.11M▼
Tangible fixed assets22/27€1.29M€1.11M▼
Land and buildings22€1.01M€935k▼
Furniture and vehicles24€275k€175k▼
Current assets29/58€2.32M€2.72M▲
Amounts receivable after more than one year29€16k€3k▼
Trade receivables290-€3k
Other amounts receivable291€16k-
Stocks and contracts in progress3€641k€662k▲
Stocks30/36€539k€555k▲
Contracts in progress37€103k€107k▲
Amounts receivable within one year40/41€1.50M€1.30M▼
Trade receivables40€1.38M€1.21M▼
Other amounts receivable41€124k€89k▼
Current investments50/53€112k€112k=
Cash at bank and in hand54/58€49k€642k▲
Equity and liabilities
Total equity and liabilities10/49€3.61M€3.83M▲
Equity10/15€2.76M€3.08M▲
Contributions10/11€143k€143k=
Capital10€143k€143k=
Issued capital100€143k€143k=
Reserves13€2.61M€2.94M▲
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Distributable reserves133€2.60M€2.92M▲
Amounts payable17/49€855k€748k▼
Amounts payable after more than one year17€311k€171k▼
Financial debts170/4€311k€171k▼
Amounts payable within one year42/48€535k€569k▲
Current portion of amounts payable after more than one year42€295k€306k▲
Trade debts44€68k€180k▲
Suppliers440/4€68k€180k▲
Taxes, remuneration and social security45€109k€34k▼
Taxes450/3€58k€4k▼
Remuneration and social security454/9€51k€30k▼
Other amounts payable47/48€63k€49k▼
Accrued charges and deferred income492/3€9k€7k▼
Income statement
Code20242025
Remuneration, social security and pensions62€819k€777k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€215k€177k▼
Other operating charges640/8€4k€17k▲
Gross operating margin9900€1.85M€1.72M▼
Operating profit (loss)9901€813k€751k▼
Financial income75/76B€24k€20k▼
Recurring financial income75€24k€20k▼
Financial charges65/66B€25k€16k▼
Recurring financial charges65€25k€16k▼
Profit (loss) for the period before taxes9903€812k€755k▼
Income taxes67/77€204k€187k▼
Profit (loss) for the period9904€608k€569k▼
Profit (loss) for the period to be appropriated9905€608k€569k▼
Appropriation of the result
Profit (loss) to be appropriated9906€608k€569k▼
Transfer from equity791/2-€245k
Transfer to equity691/2€608k€569k▼
To other reserves6921€608k€569k▼
Profit to be distributed694/7-€245k
Return on contributions (dividend)694-€245k
Social balance
Average headcount (FTE)908712.19.9▼
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €789k | €728k | €819k | €777k | ▼ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €157k | €188k | €203k | €215k | €177k | ▼ 17.4% |
| Other operating charges640/8 | - | €35k | €11k | €4k | €17k | ▲ 319% |
| Gross operating margin9900 | €1.48M | €1.70M | €1.61M | €1.85M | €1.72M | ▼ 6.9% |
| Operating profit (loss)9901 | €667k | €691k | €667k | €813k | €751k | ▼ 7.6% |
| Financial income75/76B | - | €18k | €23k | €24k | €20k | ▼ 17.3% |
| Recurring financial income75 | €14k | €16k | €23k | €24k | €20k | ▼ 17.3% |
| Non-recurring financial income76B | - | €2k | - | - | - | - |
| Financial charges65/66B | - | €22k | €21k | €25k | €16k | ▼ 35.5% |
| Recurring financial charges65 | €51k | €22k | €21k | €25k | €16k | ▼ 35.5% |
| Profit (loss) for the period before taxes9903 | €630k | €687k | €669k | €812k | €755k | ▼ 7.0% |
| Income taxes67/77 | €189k | €221k | €212k | €204k | €187k | ▼ 8.6% |
| Profit (loss) for the period9904 | €441k | €466k | €457k | €608k | €569k | ▼ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €441k | €466k | €457k | €608k | €569k | ▼ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.79M | €3.14M | €3.35M | €3.61M | €3.83M | ▲ 6.0% |
| Fixed assets21/28 | €1.62M | €1.51M | €1.36M | €1.29M | €1.11M | ▼ 13.8% |
| Tangible fixed assets22/27 | €1.62M | €1.51M | €1.36M | €1.29M | €1.11M | ▼ 13.8% |
| Land and buildings22 | - | €1.18M | €1.10M | €1.01M | €935k | ▼ 7.7% |
| Furniture and vehicles24 | - | €327k | €258k | €275k | €175k | ▼ 36.3% |
| Current assets29/58 | €1.17M | €1.63M | €2.00M | €2.32M | €2.72M | ▲ 17.0% |
| Amounts receivable after more than one year29 | - | - | - | €16k | €3k | ▼ 81.3% |
| Trade receivables290 | - | - | - | - | €3k | - |
| Other amounts receivable291 | - | - | - | €16k | - | - |
| Stocks and contracts in progress3 | €149k | €358k | €620k | €641k | €662k | ▲ 3.2% |
| Stocks30/36 | - | €358k | €545k | €539k | €555k | ▲ 3.0% |
| Contracts in progress37 | - | - | €75k | €103k | €107k | ▲ 4.0% |
| Amounts receivable within one year40/41 | €887k | €945k | €1.02M | €1.50M | €1.30M | ▼ 13.6% |
| Trade receivables40 | - | €807k | €920k | €1.38M | €1.21M | ▼ 12.3% |
| Other amounts receivable41 | - | €139k | €95k | €124k | €89k | ▼ 28.2% |
| Current investments50/53 | €12k | €112k | €112k | €112k | €112k | = |
| Cash at bank and in hand54/58 | €117k | €218k | €249k | €49k | €642k | ▲ 1,202% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.79M | €3.14M | €3.35M | €3.61M | €3.83M | ▲ 6.0% |
| Equity10/15 | €1.23M | €1.69M | €2.15M | €2.76M | €3.08M | ▲ 11.7% |
| Contributions10/11 | €143k | €143k | €143k | €143k | €143k | = |
| Capital10 | - | €143k | €143k | €143k | €143k | = |
| Issued capital100 | - | €143k | €143k | €143k | €143k | = |
| Reserves13 | €1.08M | €1.55M | €2.01M | €2.61M | €2.94M | ▲ 12.4% |
| Non-distributable reserves130/1 | - | €14k | €14k | €14k | €14k | = |
| Legal reserve130 | - | €14k | €14k | €14k | €14k | = |
| Distributable reserves133 | - | €1.53M | €1.99M | €2.60M | €2.92M | ▲ 12.4% |
| Amounts payable17/49 | €1.56M | €1.45M | €1.20M | €855k | €748k | ▼ 12.5% |
| Amounts payable after more than one year17 | €905k | €715k | €466k | €311k | €171k | ▼ 44.9% |
| Financial debts170/4 | - | €715k | €466k | €311k | €171k | ▼ 44.9% |
| Amounts payable within one year42/48 | €629k | €736k | €738k | €535k | €569k | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | - | €344k | €398k | €295k | €306k | ▲ 3.7% |
| Trade debts44 | €240k | €198k | €98k | €68k | €180k | ▲ 166% |
| Suppliers440/4 | - | €198k | €98k | €68k | €180k | ▲ 166% |
| Taxes, remuneration and social security45 | - | €114k | €166k | €109k | €34k | ▼ 68.4% |
| Taxes450/3 | - | €78k | €135k | €58k | €4k | ▼ 93.3% |
| Remuneration and social security454/9 | - | €36k | €31k | €51k | €30k | ▼ 40.1% |
| Other amounts payable47/48 | - | €79k | €76k | €63k | €49k | ▼ 23.0% |
| Accrued charges and deferred income492/3 | - | - | - | €9k | €7k | ▼ 16.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €441k | €466k | €457k | €608k | €569k | ▼ 6.5% |
| + Depreciation and write-downs630 | €157k | €188k | €203k | €215k | €177k | ▼ 17.4% |
| Operating cash flow (approximation) | €598k | €654k | €660k | €823k | €746k | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | €-72k | €-50k | €-147k | €0 | ▲ 100% |
| Change in cash | - | €102k | €31k | €-200k | €592k | ▲ 396% |
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
22-07
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Real estate7 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Real estate7 facts ▸
- General meeting, 16-06-2026
- Board meeting, 10-12-2025
- Demerger, partial split by incorporation, op naam
- Accounting effect, 01-07-2025
- Real estate, Lichtervelde
- Real estate, Jabbeke (Snellegem)
- Net-asset statement, 30-06-2025
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €608k ▲33%
Operating result €813k, net result €608k, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €2MEq €2.15M ▲27%
5 profitable years in a row build equity to €2.15M.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
30-06
Financial
Equity above €1MEq €1.23M ▲56.2%
3 profitable years in a row build equity to €1.23M.
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 7 days late
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-12
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.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 2002
Ground area
8,949 m²
Building footprint
4,120 m²
Parcel 35005D0756/00E000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VEWACO
since 20022.042.705.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0756/00E000 | Flanders | 8,948 m² | 1 · 4,120 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.
Structure & network
Acquisitions and mergers
1 transactionSplit off to:BOTICO
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 15,159 EUR awarded · 15,159 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,287 EUR | 1,287 EUR |
| 2024 | 1 | 2,059 EUR | 2,059 EUR |
| 2023 | 1 | 2,178 EUR | 2,178 EUR |
| 2022 | 1 | 9,635 EUR | 9,635 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesVEWACO NV40842
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 867 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-03-1989
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25620Manufacture of fabricated metal products, except machinery and equipment
46649Wholesale of other machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.