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VREE

Active
Private limited companyfounded 198541 yrs activeDoornhoekstraat(BEK) 35, 8480 Ichtegem, BelgiumKBO/BCE: BE 0427.263.521
Summary

VREE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,939 and a net result of €1,606. Equity is growing by ~4.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability45=
Solvency78▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 5.41; short-term debt: 0.7% and cash: 3.9% of total assets), and 47.5% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 41 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
52.5%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 filings
Deviation from the deadline
2025
3 d late
2024
1 d late
2023
12 d early
2022
48 d early
2021
54 d early
2020
38 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 20 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 April 1985, VREE was incorporated.1 Total assets went from EUR 54,720 in 2018 to EUR 55,116 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€28,939▲ 5.9%
2024 · €27,333
Total assets
€55,116▲ 2.5%
2024 · €53,788
Net result
€1,606▼ 5.7%
2024 · €1,703
Working capital
€1,760▲ 400%
2023 · €352
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€950▼ 45.1%€1,566▲ 64.9%-€24€1,739€1,644▼ 5.5%
Net result€868▼ 46.1%€1,473▲ 69.6%-€116€1,703€1,606▼ 5.7%
Equity€24,273▲ 3.7%€25,746▲ 6.1%€25,630▼ 0.5%€27,333▲ 6.6%€28,939▲ 5.9%
Total assets€54,436▲ 0.5%€54,531▲ 0.2%€53,402▼ 2.1%€53,788▲ 0.7%€55,116▲ 2.5%
Debt€30,162▼ 1.9%€28,785▼ 4.6%€27,772▼ 3.5%€26,455▼ 4.7%€26,177▼ 1.1%
Working capital€352€1,760
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€500€0€500€1,000€1,500Operating result 2021: €950€950Net result 2021: €868€868Operating result 2022: €1,566€1,566Net result 2022: €1,473€1,473Operating result 2023: -€24-€24Net result 2023: -€116-€116Operating result 2024: €1,739€1,739Net result 2024: €1,703€1,703Operating result 2025: €1,644€1,644Net result 2025: €1,606€1,60620212022202320242025-€500€0€500€1,000€1,500Operating result 2023: -€24-€24Net result 2023: -€116-€116Operating result 2024: €1,739€1,740Net result 2024: €1,703€1,700Operating result 2025: €1,644€1,640Net result 2025: €1,606€1,610202320242025
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,116
Fixed assets €52,957 =
Current assets €2,159 ▲ 160%
Equity and liabilities €55,116
Equity €28,939 ▲ 5.9%
Debt €26,177 ▼ 1.1%
Debt's share of the balance-sheet total falls from 49.2% to 47.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
5.41
Debt to equity
0.90▼
2024 · 0.97
ROE
5.5%▼
2024 · 6.2%
ROA
2.9%▼
2024 · 3.2%
Debt ≤ 1 year
€399
Debt > 1 year
€25,778▼
2024 · €26,455
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€53,788€55,116▲
Fixed assets21/28€52,957€52,957=
Tangible fixed assets22/27€52,957€52,957=
Land and buildings22€52,957€52,957=
Current assets29/58€831€2,159▲
Cash at bank and in hand54/58€831€2,159▲
Equity and liabilities
Total equity and liabilities10/49€53,788€55,116▲
Equity10/15€27,333€28,939▲
Contributions10/11€34,705€34,705=
Profit (loss) carried forward14-€7,372-€5,766▲
Amounts payable17/49€26,455€26,177▼
Amounts payable after more than one year17€26,455€25,778▼
Other amounts payable178/9€26,455€25,778▼
Amounts payable within one year42/48-€399
Trade debts44-€399
Suppliers440/4-€399
Income statement Code20242025
Other operating charges640/8€1,211€1,361▲
Gross operating margin9900€2,950€3,005▲
Operating profit (loss)9901€1,739€1,644▼
Financial charges65/66B€36€38▲
Recurring financial charges65€36€38▲
Profit (loss) for the period before taxes9903€1,703€1,606▼
Profit (loss) for the period9904€1,703€1,606▼
Profit (loss) for the period to be appropriated9905€1,703€1,606▼
Appropriation of the result
Profit (loss) to be appropriated9906-€7,372-€5,766▲
Profit (loss) brought forward from the previous period14P-€9,075-€7,372▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€1,205---
Other operating charges640/8€1,063€1,077-€1,211€1,361▲ 12.4%
Gross operating margin9900€2,013€2,643€1,181€2,950€3,005▲ 1.9%
Operating profit (loss)9901€950€1,566-€24€1,739€1,644▼ 5.5%
Financial charges65/66B€81€93€92€36€38▲ 5.6%
Recurring financial charges65€81€93€92€36€38▲ 5.6%
Profit (loss) for the period before taxes9903€868€1,473-€116€1,703€1,606▼ 5.7%
Profit (loss) for the period9904€868€1,473-€116€1,703€1,606▼ 5.7%
Profit (loss) for the period to be appropriated9905€868€1,473-€116€1,703€1,606▼ 5.7%
Line20212022202320242025Change
Assets
Total assets20/58€54,436€54,531€53,402€53,788€55,116▲ 2.5%
Fixed assets21/28€52,957€52,957€52,957€52,957€52,957=
Tangible fixed assets22/27€52,957€52,957€52,957€52,957€52,957=
Land and buildings22€52,957€52,957€52,957€52,957€52,957=
Current assets29/58€1,479€1,574€445€831€2,159▲ 160%
Cash at bank and in hand54/58€1,479€1,574€445€831€2,159▲ 160%
Equity and liabilities
Total equity and liabilities10/49€54,436€54,531€53,402€53,788€55,116▲ 2.5%
Equity10/15€24,273€25,746€25,630€27,333€28,939▲ 5.9%
Contributions10/11€34,705€34,705€34,705€34,705€34,705=
Profit (loss) carried forward14-€10,432-€8,959-€9,075-€7,372-€5,766▲ 21.8%
Amounts payable17/49€30,162€28,785€27,772€26,455€26,177▼ 1.1%
Amounts payable after more than one year17€30,162€28,785€27,679€26,455€25,778▼ 2.6%
Other amounts payable178/9€30,162€28,785€27,679€26,455€25,778▼ 2.6%
Amounts payable within one year42/48--€93-€399-
Trade debts44--€93-€399-
Suppliers440/4--€93-€399-
Line20212022202320242025Change
Profit (loss) for the period9904€868€1,473-€116€1,703€1,606▼ 5.7%
Operating cash flow (approximation)€868€1,473-€116€1,703€1,606▼ 5.7%
Investment in fixed assets (approximation)--€0€0€0€0-
Change in cash-€95-€1,129€386€1,328▲ 244%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
01-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial Back to profitnet €1,703
Net result €1,703 after one loss-making year.
19-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€116
Net result drops to -€116, the lowest in the series; recovery starts the following year.
13-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
07-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
25-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
21-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Ichtegem
exact location from the address register On OpenStreetMap
Ground area
279 m²
Building footprint
208 m²
Parcel 35001B0227/00K000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35001B0227/00K000 Flanders 279 m² 1 · 208 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded15-04-1985
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.