VREDA
ActiveSummary
VREDA has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €199,587 and a net result of €275,575. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 995 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency51▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.17 in 2023; short-term debt: 69.5% and cash: 11.8% of total assets), and 73.8% of the assets are financed with debt.
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Signals
Four 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
32 d early
2021
34 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 oldest company in Lommel, Other services sector
Equity
€199,587▲ 0.3%
2023 · €199,012
Total assets
€761,200▲ 9.7%
2023 · €694,124
Net result
€275,575▼ 8.1%
2023 · €299,788
Working capital
€53,136▼ 30.5%
2023 · €76,403
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€158,705▼ 2.9%€291,106▲ 83.4%€287,581▼ 1.2%€306,010▲ 6.4%€275,680▼ 9.9%
Net result€157,306above the sector's middle half▼ 2.4%€286,941above the sector's middle half▲ 82.4%€291,179above the sector's middle half▲ 1.5%€299,788above the sector's middle half▲ 3.0%€275,575above the sector's middle half▼ 8.1%
Equity€146,105within the sector's middle half▲ 5.3%€158,045within the sector's middle half▲ 8.2%€174,224within the sector's middle half▲ 10.2%€199,012within the sector's middle half▲ 14.2%€199,587within the sector's middle half▲ 0.3%
Total assets€784,864within the sector's middle half▲ 0.3%€673,084within the sector's middle half▼ 14.2%€746,362within the sector's middle half▲ 10.9%€694,124within the sector's middle half▼ 7.0%€761,200within the sector's middle half▲ 9.7%
Debt€638,760▼ 0.8%€515,039▼ 19.4%€572,138▲ 11.1%€495,112▼ 13.5%€561,613▲ 13.4%
Working capital€37,224within the sector's middle half▲ 19.8%€63,842within the sector's middle half▲ 71.5%€42,180within the sector's middle half▼ 33.9%€76,403within the sector's middle half▲ 81.1%€53,136within the sector's middle half▼ 30.5%
Solvency18.6%below the sector's middle half▲ 0.9pp23.5%within the sector's middle half▲ 4.9pp23.3%within the sector's middle half▼ 0.1pp28.7%within the sector's middle half▲ 5.3pp26.2%within the sector's middle half▼ 2.5pp
Current ratio1.07within the sector's middle half▲ 0.011.15within the sector's middle half▲ 0.081.08within the sector's middle half▼ 0.061.17within the sector's middle half▲ 0.091.10within the sector's middle half▼ 0.07
Return on assets (ROA)20.0%above the sector's middle half▼ 0.6pp42.6%above the sector's middle half▲ 22.6pp39.0%above the sector's middle half▼ 3.6pp43.2%above the sector's middle half▲ 4.2pp36.2%above the sector's middle half▼ 7.0pp
Staff (FTE)0.8below the sector's middle half1below the sector's middle half▲ 25.0%1.8below the sector's middle half▲ 80.0%1.8below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €761,200
Fixed assets
€179,232 ▲ 4.5%
Current assets
€581,968 ▲ 11.4%
Equity and liabilities €761,200
Equity
€199,587 ▲ 0.3%
Debt
€561,613 ▲ 13.4%
Debt's share of the balance-sheet total rises from 71.3% to 73.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€305,050▼
2023 · €332,593
Cash flow
€304,945▼
2023 · €326,372
Quick ratio
0.83▼
2023 · 0.99
Debt to equity
2.81▲
2023 · 2.49
ROE
138.1%▼
2023 · 150.6%
Interest coverage
71.76▼
2023 · 73.68
Debt ≤ 1 year
€528,832▲
2023 · €446,208
Debt > 1 year
€32,781▼
2023 · €48,903
Income taxes
€1,416▼
2023 · €6,182
Staff costs
€102,300▲
2023 · €96,666
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €22,624 | €7,500 | ▼ 66.9% |
| Remuneration, social security and pensions62 | - | €15,354 | €43,020 | €96,666 | €102,300 | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,216 | €42,236 | €35,144 | €26,583 | €29,371 | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,250 | €1,635 | -€10,325 | - | - |
| Other operating charges640/8 | - | €6,240 | €6,375 | €15,500 | €4,875 | ▼ 68.5% |
| Non-recurring operating charges66A | - | - | - | €1,350 | - | - |
| Gross operating margin9900 | €209,080 | €360,185 | €373,756 | €435,784 | €412,225 | ▼ 5.4% |
| Operating profit (loss)9901 | €158,705 | €291,106 | €287,581 | €306,010 | €275,680 | ▼ 9.9% |
| Financial income75/76B | - | €12,903 | €16,194 | €4,475 | €5,562 | ▲ 24.3% |
| Recurring financial income75 | €11,860 | €12,903 | €16,194 | €4,475 | €5,562 | ▲ 24.3% |
| Financial charges65/66B | - | €9,418 | €6,342 | €4,514 | €4,251 | ▼ 5.8% |
| Recurring financial charges65 | €10,660 | €9,418 | €6,342 | €4,514 | €4,251 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €159,905 | €294,592 | €297,434 | €305,970 | €276,991 | ▼ 9.5% |
| Income taxes67/77 | €2,599 | €7,651 | €6,255 | €6,182 | €1,416 | ▼ 77.1% |
| Profit (loss) for the period9904 | €157,306 | €286,941 | €291,179 | €299,788 | €275,575 | ▼ 8.1% |
| Profit (loss) for the period to be appropriated9905 | €157,306 | €286,941 | €291,179 | €299,788 | €275,575 | ▼ 8.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €784,864 | €673,084 | €746,362 | €694,124 | €761,200 | ▲ 9.7% |
| Fixed assets21/28 | €218,709 | €176,473 | €196,432 | €171,513 | €179,232 | ▲ 4.5% |
| Intangible fixed assets21 | - | - | €22,752 | €15,015 | €7,277 | ▼ 51.5% |
| Tangible fixed assets22/27 | €218,709 | €176,473 | €173,680 | €156,498 | €171,955 | ▲ 9.9% |
| Land and buildings22 | - | €139,386 | €150,796 | €138,300 | €125,804 | ▼ 9.0% |
| Plant, machinery and equipment23 | - | €15,969 | €20,645 | €16,835 | €15,076 | ▼ 10.5% |
| Furniture and vehicles24 | - | €21,118 | €2,239 | €1,363 | €31,075 | ▲ 2,180% |
| Current assets29/58 | €566,155 | €496,611 | €549,930 | €522,611 | €581,968 | ▲ 11.4% |
| Stocks and contracts in progress3 | €49,817 | €61,048 | €64,450 | €81,770 | €143,091 | ▲ 75.0% |
| Stocks30/36 | - | €61,048 | €64,450 | €81,770 | €143,091 | ▲ 75.0% |
| Amounts receivable within one year40/41 | €390,221 | €336,421 | €344,638 | €311,720 | €348,309 | ▲ 11.7% |
| Trade receivables40 | - | €185,440 | €175,656 | €127,673 | €115,097 | ▼ 9.8% |
| Other amounts receivable41 | - | €150,981 | €168,982 | €184,047 | €233,212 | ▲ 26.7% |
| Cash at bank and in hand54/58 | €125,125 | €98,634 | €140,842 | €129,121 | €89,726 | ▼ 30.5% |
| Deferred charges and accrued income490/1 | - | €509 | - | - | €843 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €784,864 | €673,084 | €746,362 | €694,124 | €761,200 | ▲ 9.7% |
| Equity10/15 | €146,105 | €158,045 | €174,224 | €199,012 | €199,587 | ▲ 0.3% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €107,305 | €107,305 | €107,305 | €107,305 | €107,305 | = |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €105,450 | €105,450 | €107,305 | €107,305 | = |
| Profit (loss) carried forward14 | €20,249 | €32,190 | €48,368 | €73,157 | €73,731 | ▲ 0.8% |
| Amounts payable17/49 | €638,760 | €515,039 | €572,138 | €495,112 | €561,613 | ▲ 13.4% |
| Amounts payable after more than one year17 | €109,829 | €82,271 | €64,388 | €48,903 | €32,781 | ▼ 33.0% |
| Financial debts170/4 | - | €82,271 | €64,388 | €48,903 | €32,781 | ▼ 33.0% |
| Amounts payable within one year42/48 | €528,931 | €432,768 | €507,750 | €446,208 | €528,832 | ▲ 18.5% |
| Current portion of amounts payable after more than one year42 | - | €27,558 | €17,882 | €15,485 | €16,122 | ▲ 4.1% |
| Trade debts44 | €106,081 | €70,016 | €207,044 | €139,678 | €216,210 | ▲ 54.8% |
| Suppliers440/4 | - | €70,016 | €207,044 | €139,678 | €216,210 | ▲ 54.8% |
| Advances received on contracts in progress46 | - | €51,000 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5,336 | €7,824 | €16,046 | €21,500 | ▲ 34.0% |
| Taxes450/3 | - | €2,592 | - | - | €2,386 | - |
| Remuneration and social security454/9 | - | €2,745 | €7,824 | €16,046 | €19,114 | ▲ 19.1% |
| Other amounts payable47/48 | - | €278,858 | €275,000 | €275,000 | €275,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,306 | €286,941 | €291,179 | €299,788 | €275,575 | ▼ 8.1% |
| + Depreciation and write-downs630 | €44,216 | €42,236 | €35,144 | €26,583 | €29,371 | ▲ 10.5% |
| Operating cash flow (approximation) | €201,521 | €329,176 | €326,323 | €326,372 | €304,945 | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | €0 | -€55,103 | -€1,664 | -€37,090 | ▼ 2,128% |
| Change in cash | - | -€26,491 | €42,208 | -€11,722 | -€39,395 | ▼ 236% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €299,788 ▲3%
Operating result €306,010, net result €299,788, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €158,045 ▲8.2%
4 profitable years in a row build equity to €158,045.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
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
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 · 2 establishment units since 1981
Ground area
2,509 m²
Building footprint
921 m²
Volume, LiDAR
4,995 m³
Parcel 72020C1399/00T003, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Lodewijk De Raetstraat 46, 3920 Lommel
since 19812.109.440.489
Vreda
since 20192.301.047.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1399/00T003 | Flanders | 2,509 m² | 1 · 921 m² | 6.7 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Vreda Finance
- VREDA
Highest known parent: Vreda Finance. The sources do not say who stands above it.
Owners 1
- Vreda Financeparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,205 companies in sector 95316 we hold annual accounts for 754. 479 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
Founded15-07-1981
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
95316Washing and cleaning of motor vehicles
25110Manufacture of metal structures and parts of structures
33110Repair and maintenance of fabricated metal products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421714923
Also
9925:BE0421714923
Registered
22-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.