VE.DE.M
ActiveSummary
VE.DE.M has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €617k and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 49% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▲+10
Solvency55▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.66 against 3.82 in 2023; short-term debt: 4.8% and cash: 14% of total assets), but 70% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
30%
Return on assets
-0.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
31 d late
2022
29 d late
2021
32 d early
2020
123 d late
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€617k▲ 5.2%
2023 · €587k
2018: €672k
2019: €676k
2020: €1.19M
2021: €1.23M
2022: €569k
2023: €587k
2018 → 2024
Total assets
€2.06M▼ 4.7%
2023 · €2.16M
2018: €1.91M
2019: €1.87M
2020: €1.97M
2021: €2.07M
2022: €2.30M
2023: €2.16M
2018 → 2024
Net result
€-4k▲ 60.4%
2023 · €-10k
2018: €18k
2019: €5k
2020: €512k
2021: €42k
2022: €-10k
2023: €-10k
2018 → 2024
Working capital
€262k▼ 13.2%
2023 · €302k
2018: €494k
2019: €485k
2020: €594k
2021: €763k
2022: €713k
2023: €302k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.19M-€1.23M▲ 3.5%€569k▼ 53.8%€587k▲ 3.1%€617k▲ 5.2%
Operating result€-25k-€44k€-5k€-12k▼ 150%€-11k▲ 13.3%
Net result€512k-€42k▼ 91.8%€-10k€-10k▼ 7.2%€-4k▲ 60.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €12k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.06M
Fixed assets
€1.70M ▼ 3.0%
Current assets
€361k ▼ 11.9%
Equity and liabilities €2.06M
Equity
€617k ▲ 5.2%
Provisions
€96k ▼ 35.3%
Debt
€1.34M ▼ 5.5%
Debt's share of the balance-sheet total falls from 66.0% to 65.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98k▲
2023 · €83k
Cash flow
€104k▲
2023 · €85k
Current ratio
3.66▼
2023 · 3.82
Debt to equity
2.18▼
2023 · 2.43
ROE
-0.7%▲
2023 · -1.8%
ROA
-0.2%▲
2023 · -0.5%
Interest coverage
5.55▲
2023 · 4.39
Debt ≤ 1 year
€99k▼
2023 · €107k
Debt > 1 year
€1.25M▼
2023 · €1.32M
Income taxes
€0▼
2023 · €0
Staff costs
€2k▲
2023 · €1k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.16M€2.06M▼
Fixed assets21/28€1.75M€1.70M▼
Tangible fixed assets22/27€1.75M€1.70M▼
Land and buildings22€1.64M€1.58M▼
Other tangible fixed assets26€113k€113k=
Current assets29/58€409k€361k▼
Amounts receivable within one year40/41€87k€72k▼
Trade receivables40-€3k
Other amounts receivable41€87k€69k▼
Cash at bank and in hand54/58€323k€289k▼
Equity and liabilities
Total equity and liabilities10/49€2.16M€2.06M▼
Equity10/15€587k€617k▲
Contributions10/11€20k€20k=
Reserves13€595k€597k▲
Tax-exempt reserves132€541k€523k▼
Distributable reserves133€54k€74k▲
Profit (loss) carried forward14€-28k€0▲
Provisions and deferred taxes16€148k€96k▼
Deferred taxes168€148k€96k▼
Amounts payable17/49€1.42M€1.34M▼
Amounts payable after more than one year17€1.32M€1.25M▼
Financial debts170/4€649k€579k▼
Other amounts payable178/9€668k€667k▼
Amounts payable within one year42/48€107k€99k▼
Current portion of amounts payable after more than one year42€68k€70k▲
Trade debts44€182€14k▲
Suppliers440/4€182€14k▲
Taxes, remuneration and social security45€382€3k▲
Taxes450/3€382€3k▲
Remuneration and social security454/9-€230
Other amounts payable47/48€39k€12k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€1k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€108k▲
Other operating charges640/8€16k€16k▼
Gross operating margin9900€101k€115k▲
Operating profit (loss)9901€-12k€-11k▲
Financial income75/76B€6k€6k▲
Recurring financial income75€6k€6k▲
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€-25k€-22k▲
Transfer from deferred taxes780€15k€18k▲
Income taxes67/77€0€0▼
Profit (loss) for the period9904€-10k€-4k▲
Transfer from tax-exempt reserves789€44k€53k▲
Profit (loss) for the period to be appropriated9905€33k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€20k▲
Profit (loss) brought forward from the previous period14P€-61k€-28k▲
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 123 days late
2020
31-12
Financial
Highest result since 2018net €512k ▲10763%
Net result €512k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.19M ▲75.7%
3 profitable years in a row build equity to €1.19M.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dendermonde · 1 establishment unit since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsestraat (DEN) 609200 DendermondeGround area
132 m²
Building footprint
48 m²
Volume, LiDAR
589 m³
Parcel 42006D0201/00D000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Brusselsestraat (DEN) 60, 9200 Dendermonde
since 19992.090.879.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006D0201/00D000 | Flanders | 132 m² | 1 · 48 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
B S H IMMO
BE 0430.216.873
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DE LANDVAST
BE 0448.839.388
Sint-Lambrechts-Woluwe · Eq €617,255
DS PATRI
BE 0455.570.101
Berlare · Eq €617,475
Excelsior Invest
BE 0792.993.608
Overijse · Eq €615,901
STEVECO
BE 0428.196.305
Dilsen-Stokkem · Eq €615,882
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 5,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.