VETRABO
ActiveVETRABO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €537k and a net result of €468k. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 2149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency20▼-20
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.03 in 2024), and 83.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
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
16.8%
Return on assets
14.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-12-2025, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
82 d early
2023
85 d early
2022
95 d early
2021
82 d early
2020
85 d early
2019
93 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€537k▼ 46.0%
2024 · €994k
2018: €1.42M
2019: €1.06M
2020: €1.30M
2021: €1.69M
2022: €876k
2023: €735k
2024: €994k
2018 → 2025
Total assets
€3.19M▼ 17.2%
2024 · €3.85M
2018: €3.34M
2019: €2.98M
2020: €3.07M
2021: €3.76M
2022: €3.10M
2023: €3.53M
2024: €3.85M
2018 → 2025
Net result
€468k▲ 80.3%
2024 · €259k
2018: €282k
2019: €260k
2020: €455k
2021: €387k
2022: €390k
2023: €258k
2024: €259k
2018 → 2025
Working capital
€-225k
2024 · €87k
2018: €345k
2019: €129k
2020: €492k
2021: €1.06M
2022: €85k
2023: €-239k
2024: €87k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.69M-€876k▼ 48.0%€735k▼ 16.2%€994k▲ 35.3%€537k▼ 46.0%
Operating result€488k-€491k▲ 0.6%€343k▼ 30.2%€354k▲ 3.1%€684k▲ 93.4%
Net result€387k-€390k▲ 0.8%€258k▼ 33.8%€259k▲ 0.4%€468k▲ 80.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 93% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.19M
Fixed assets
€872k▼ 8.4%
Current assets
€2.32M▼ 20.1%
Equity and liabilities €3.19M
Equity
€537k▼ 46.0%
Debt
€2.65M▼ 7.2%
The debt ratio rises from 74.2% to 83.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€846k▲
2024 · €504k
Cash flow
€630k▲
2024 · €410k
Solvency
16.8%▼
2024 · 25.8%
Current ratio
0.91▼
2024 · 1.03
Quick ratio
0.09▼
2024 · 0.15
Debt / equity
4.94▲
2024 · 2.88
ROE
87.1%▲
2024 · 26.1%
ROA
14.7%▲
2024 · 6.7%
Interest coverage
11.79▼
2024 · 19.23
Debt
€2.65M▼
2024 · €2.86M
Debt ≤ 1 year
€2.54M▼
2024 · €2.81M
Debt > 1 year
€46k▲
2024 · €22k
Income taxes
€158k▲
2024 · €90k
Staff costs
€1.46M▲
2024 · €1.45M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.85M€3.19M▼
Fixed assets21/28€953k€872k▼
Tangible fixed assets22/27€871k€791k▼
Land and buildings22€536k€488k▼
Plant, machinery and equipment23€102k€117k▲
Furniture and vehicles24€234k€186k▼
Financial fixed assets28€81k€81k=
Current assets29/58€2.90M€2.32M▼
Stocks and contracts in progress3€2.47M€2.10M▼
Stocks30/36€298k€280k▼
Contracts in progress37€2.17M€1.81M▼
Amounts receivable within one year40/41€364k€177k▼
Trade receivables40€304k€170k▼
Other amounts receivable41€60k€7k▼
Cash at bank and in hand54/58€37k€25k▼
Deferred charges and accrued income490/1€28k€20k▼
Equity and liabilities
Total equity and liabilities10/49€3.85M€3.19M▼
Equity10/15€994k€537k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€906k€466k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€250€250=
Distributable reserves133€900k€460k▼
Profit (loss) carried forward14€26k€9k▼
Amounts payable17/49€2.86M€2.65M▼
Amounts payable after more than one year17€22k€46k▲
Financial debts170/4€22k€46k▲
Amounts payable within one year42/48€2.81M€2.54M▼
Current portion of amounts payable after more than one year42€51k€50k▼
Financial debts43€51k€51k▼
Credit institutions430/8€51k€51k▼
Trade debts44€528k€389k▼
Suppliers440/4€528k€389k▼
Advances received on contracts in progress46€1.00M€558k▼
Taxes, remuneration and social security45€372k€219k▼
Taxes450/3€206k€61k▼
Remuneration and social security454/9€166k€158k▼
Other amounts payable47/48€809k€1.28M▲
Accrued charges and deferred income492/3€23k€65k▲
Income statement
Code20242025
Non-recurring operating income76A€36k€1.08M▲
Remuneration, social security and pensions62€1.45M€1.46M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151k€162k▲
Other operating charges640/8€28k€31k▲
Non-recurring operating charges66A€43k€1.00M▲
Gross operating margin9900€2.03M€3.34M▲
Operating profit (loss)9901€354k€684k▲
Financial income75/76B€22k€14k▼
Recurring financial income75€22k€14k▼
Financial charges65/66B€26k€72k▲
Recurring financial charges65€26k€72k▲
Profit (loss) for the period before taxes9903€349k€626k▲
Income taxes67/77€90k€158k▲
Profit (loss) for the period9904€259k€468k▲
Profit (loss) for the period to be appropriated9905€259k€468k▲
Appropriation of the result
Profit (loss) to be appropriated9906€266k€469k▲
Profit (loss) brought forward from the previous period14P€7k€1k▼
Transfer from equity791/2-€925k
Transfer to equity691/2€240k€460k▲
To other reserves6921€240k€460k▲
Profit to be distributed694/7-€925k
Return on contributions (dividend)694-€925k
Social balance
Average headcount (FTE)908721.821.3▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Highest result since 2018net €468k ▲80.3%
Operating result €684k, net result €468k, both a record.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €258k ▼33.8%
Net result drops to €258k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-06-2021
DURINCK Tony: Resigned as Director
30-06-2021
VAN EETVELDE Ronny: Resigned as Director
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 1990
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.
Kluizenhof(SGW) 279170 Sint-Gillis-WaasGround area
1.2 ha
Building footprint
2,468 m²
Volume, LiDAR
16,222 m³
Parcel 46020C1781/00B000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VETRABO
since 19902.048.508.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46020C1781/00B000 | Flanders | 1.2 ha | 1 · 2,468 m² | 8.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 841 EUR awarded · 841 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 186 EUR | 186 EUR |
| 2022 | 1 | 655 EUR | 655 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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LOYD
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 8,879 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-05-1990
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
45211
45421
43240Other construction installation
43299Specialised construction activities
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.