ACTIVE

Veco

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Financial year 2024 · closed on 31/12/2024

Net result

1,2 M €

+351.7% YoY

Gross margin

1,6 M €

+320.3% YoY

Equity

1,4 M €

-18.0% YoY

What does Veco do?

Veco is a Public limited company incorporated in 1983. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.853.358

Incorporation

14/12/1983

Legal form

Public limited company

Registered office

Hortensialaan 26
8300 Knokke-Heist · FlandreSee on map

Contributed capital

225 000,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2006
Income statement
Gross margin	1,6 M €	+320%	372,9 k €	-78.2%	1,7 M €	+657%	225,5 k €	+21.5%	185,7 k €	-5.7%	196,9 k €	-12.5%	224,9 k €	+4.5%	215,3 k €	+3.9%	207,3 k €	+61.4%	128,4 k €	-17.8%	156,2 k €	-19.0%	192,8 k €	+12.9%	170,8 k €	+11.2%	153,5 k €	-3.8%	159,6 k €	-1.8%	162,5 k €	+92.9%	84,3 k €
EBITDA	1,5 M €	+344%	347,3 k €	-79.3%	1,7 M €	+749%	197,7 k €	+23.7%	159,8 k €	-6.5%	171 k €	-14.2%	199,3 k €	+4.0%	191,6 k €	+10.5%	173,3 k €	+66.4%	104,2 k €	-18.9%	128,5 k €	-23.4%	167,8 k €	+12.4%	149,3 k €	+12.9%	132,2 k €	-4.3%	138,1 k €	-1.7%	140,6 k €	+106%	68,4 k €
Operating result	1,5 M €	+356%	335,7 k €	-79.9%	1,7 M €	+808%	183,6 k €	+27.6%	143,9 k €	-7.6%	155,7 k €	-15.1%	183,4 k €	+12.1%	163,6 k €	+32.1%	123,9 k €	+124%	55,4 k €	-28.7%	77,7 k €	-32.0%	114,2 k €	+18.0%	96,8 k €	+31.8%	73,4 k €	-6.4%	78,4 k €	-3.0%	80,9 k €	+434%	15,1 k €
Net result	1,2 M €	+352%	258,8 k €	-77.3%	1,1 M €	+793%	127,6 k €	+19.8%	106,5 k €	+0.5%	105,9 k €	-12.3%	120,7 k €	+11.5%	108,3 k €	+27.6%	84,9 k €	+224%	26,2 k €	-57.4%	61,5 k €	-32.3%	90,7 k €	+11.3%	81,5 k €	+54.2%	52,9 k €	-23.5%	69,1 k €	-33.3%	103,6 k €	+472%	18,1 k €
Balance sheet
Equity	1,4 M €	-18.0%	1,7 M €	-7.8%	1,9 M €	+122%	842,1 k €	+5.3%	799,3 k €	-10.3%	891,1 k €	+13.5%	785,1 k €	-18.6%	964,4 k €	+12.6%	856,1 k €	+11.0%	771,3 k €	+3.5%	745,1 k €	+1.1%	737,2 k €	-29.6%	1 M €	+8.4%	964,9 k €	+5.8%	912,1 k €	+8.2%	843 k €	-24.5%	1,1 M €
Total assets	1,4 M €	-33.6%	2,1 M €	+6.6%	2 M €	+106%	971,5 k €	-10.1%	1,1 M €	+12.8%	958,2 k €	+9.8%	872,7 k €	-13.0%	1 M €	+12.3%	892,8 k €	-5.9%	948,2 k €	-3.0%	977,9 k €	+0.1%	977,1 k €	-16.5%	1,2 M €	+0.5%	1,2 M €	-2.2%	1,2 M €	-14.4%	1,4 M €	+5.8%	1,3 M €
Cash	130,2 k €	-90.8%	1,4 M €	+8.6%	1,3 M €	+331%	303,8 k €	-23.3%	396 k €	+61.7%	245 k €	+26.5%	193,6 k €	+19.4%	162,1 k €	+9.2%	148,4 k €	+18.7%	125 k €	+43.1%	87,3 k €	-27.4%	120,3 k €	+46.5%	82,1 k €	+66.1%	49,5 k €	+31.4%	37,6 k €	-67.1%	114,6 k €	+45.8%	78,6 k €
Debts	0 €	-100%	408,7 k €	+217%	128,8 k €	+1.3%	127,1 k €	-53.9%	275,7 k €	+320%	65,6 k €	-23.8%	86,1 k €	+136%	36,4 k €	+5.3%	34,6 k €	-80.1%	173,9 k €	-25.0%	231,8 k €	-2.0%	236,6 k €	+93.4%	122,3 k €	-38.3%	198,3 k €	-28.0%	275,5 k €	-49.5%	545,4 k €	+198%	183,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 79 ended

Active mandates

Marie-Christina Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Paul Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Pieter Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Véronique Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Ended mandates

Marie-Christina Mergaert

Managing director · since 01 janvier 2023 · until 07 mai 2029

Ended

Paul Mergaert

Chairman of the board of directors · since 01 janvier 2023 · until 07 mai 2029

Ended

Pieter Mergaert

Managing director · since 01 janvier 2023 · until 07 mai 2029

Ended

Veronique Mergaert

Managing director · since 01 janvier 2023 · until 07 mai 2029

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	20/06/2024	27/07/2023	15/09/2022	26/10/2021	22/10/2020
General meeting	30/06/2025	13/06/2024	01/05/2023	30/06/2022	20/06/2021	01/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	13/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	01/05/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	15/09/2022	Dutch	PDF
Abridged model	31/12/2020	20/06/2021	26/10/2021	Dutch	PDF
Abridged model	31/12/2019	01/09/2020	22/10/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	25/09/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	25/09/2018	Dutch	PDF
Abridged model	31/12/2016	19/08/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	22/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	23/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	13/08/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/07/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/08/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	20/08/2007	23/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 79 ended

Active mandates

Marie-Christina Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Paul Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Pieter Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Véronique Mergaert

Managing director · since 01 mai 2023 · until 07 mai 2029

Active

Ended mandates

Marie-Christina Mergaert

Managing director · since 01 janvier 2023 · until 07 mai 2029

Ended

Paul Mergaert

Chairman of the board of directors · since 01 janvier 2023 · until 07 mai 2029

Ended

Pieter Mergaert

Managing director · since 01 janvier 2023 · until 07 mai 2029

Ended

Veronique Mergaert

Managing director · since 01 janvier 2023 · until 07 mai 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/11/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/11/2013
KAPITAAL - AANDELEN
PDF
Mandates15/01/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/07/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023258,8 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021127,6 k €↑
2020
Annual accounts 2020106,5 k €↑
2019
Annual accounts 2019105,9 k €↓
2018
Annual accounts 2018120,7 k €↑
2017
Annual accounts 2017108,3 k €↑
2016
Annual accounts 201684,9 k €↑
2015
Annual accounts 201526,2 k €↓
2014
Annual accounts 201461,5 k €↓
2013
Annual accounts 201390,7 k €↑
2012
Annual accounts 201281,5 k €↑
2011
Annual accounts 201152,9 k €↓
2010
Annual accounts 201069,1 k €↓
2009
Annual accounts 2009103,6 k €↑
2006
Annual accounts 200618,1 k €
14/12/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Veco

Overview

What does Veco do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline