ACTIVE

VEKO

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Financial year 2024 · closed on 31/12/2024

Net result

14,7 M €

+65.2% YoY

Gross margin

136,6 k €

+9.6% YoY

Equity

35,9 M €

+69.5% YoY

Workforce

0,3 ETP

-50.0% YoY

What does VEKO do?

VEKO is a Private limited company incorporated in 1999. Its registered office is in Wetteren. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.263.954

Incorporation

16/06/1999

Legal form

Private limited company

Registered office

Begijnestraat 65
9230 Wetteren · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2024

Average workforce

0,3 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	136,6 k €	+9.6%	124,6 k €	-77.7%	558,2 k €	-45.6%	1 M €	+29.4%	792,6 k €	-34.7%	1,2 M €	+22.5%	991,2 k €	+17.5%	843,3 k €	-8.7%	924,1 k €	-12.3%	1,1 M €	-7.4%	1,1 M €	+153%	449,7 k €		–		–		–		2 M €	+8.1%	1,8 M €	+89.9%	961,8 k €	+58.4%	607,3 k €
EBITDA	89,5 k €	+13.7%	78,7 k €	-84.7%	515,8 k €	-47.5%	983,2 k €	+24.8%	787,8 k €	-34.8%	1,2 M €	+22.6%	985,9 k €	+17.8%	837 k €	-8.6%	916,1 k €	-12.4%	1 M €	-7.4%	1,1 M €	+163%	429,1 k €	-16.7%	515,1 k €	+14.8%	448,8 k €	+1.7%	441,4 k €	-77.5%	2 M €	+10.8%	1,8 M €	+93.9%	913,3 k €	+62.3%	562,5 k €
Operating result	81,7 k €	+15.2%	70,9 k €	-86.0%	507,9 k €	-47.9%	975,4 k €	+25.0%	780,3 k €	-34.7%	1,2 M €	+24.2%	962,9 k €	+18.3%	813,9 k €	-8.8%	892,5 k €	-11.4%	1 M €	-6.2%	1,1 M €	+194%	365,6 k €	-18.2%	447 k €	+25.1%	357,4 k €	-3.2%	369,3 k €	-80.3%	1,9 M €	+12.8%	1,7 M €	+99.9%	833,3 k €	+76.9%	471,1 k €
Net result	14,7 M €	+65.2%	8,9 M €	+670%	1,2 M €	-3.1%	1,2 M €	+1.6%	1,2 M €	-20.6%	1,5 M €	+76.7%	838,8 k €	-10.7%	938,7 k €	-44.0%	1,7 M €	+0.7%	1,7 M €	+19.4%	1,4 M €	+82.9%	761,9 k €	-12.9%	875 k €	+25.6%	696,6 k €	-25.4%	934,2 k €	-42.0%	1,6 M €	+7.7%	1,5 M €	+114%	699,4 k €	+111%	331,2 k €
Balance sheet
Equity	35,9 M €	+69.5%	21,2 M €	+72.6%	12,3 M €	-17.8%	14,9 M €	+8.7%	13,7 M €	+9.4%	12,6 M €	+13.4%	11,1 M €	+8.2%	10,3 M €	+10.1%	9,3 M €	+21.9%	7,6 M €	+17.1%	6,5 M €	+27.2%	5,1 M €	-0.2%	5,1 M €	+20.5%	4,3 M €	-15.8%	5,1 M €	+12.5%	4,5 M €	+44.6%	3,1 M €	+48.6%	2,1 M €	+50.0%	1,4 M €
Total assets	39,3 M €	+69.4%	23,2 M €	+70.4%	13,6 M €	-10.2%	15,2 M €	+8.8%	13,9 M €	+8.9%	12,8 M €	+12.8%	11,3 M €	+7.9%	10,5 M €	+7.7%	9,8 M €	+14.3%	8,5 M €	+7.9%	7,9 M €	-3.8%	8,2 M €	+27.0%	6,5 M €	+6.4%	6,1 M €	-2.4%	6,2 M €	+5.3%	5,9 M €	+44.2%	4,1 M €	+39.1%	2,9 M €	+7.9%	2,7 M €
Cash	195,7 k €	-27.9%	271,3 k €	-4.0%	282,7 k €	-92.6%	3,8 M €	-38.3%	6,2 M €	-15.1%	7,3 M €	+15.5%	6,3 M €	+39.2%	4,6 M €	+0.8%	4,5 M €	-8.7%	4,9 M €	+39.8%	3,5 M €	+8.3%	3,3 M €	+8.2%	3 M €	+34.3%	2,2 M €	+2.9%	2,2 M €	+73.5%	1,3 M €	+218%	395,7 k €	-27.3%	544,3 k €	-56.1%	1,2 M €
Debts	3,4 M €	+69.3%	2 M €	+49.6%	1,3 M €	+520%	215,5 k €	+18.2%	182,2 k €	-15.8%	216,5 k €	-12.3%	246,8 k €	-2.5%	253,2 k €	-42.1%	437,6 k €	-51.0%	893,8 k €	-34.1%	1,4 M €	-54.2%	3 M €	+131%	1,3 M €	-29.2%	1,8 M €	+58.4%	1,1 M €	-18.9%	1,4 M €	+43.0%	986,3 k €	+16.2%	848,7 k €	-36.2%	1,3 M €
Other
Workforce	0,3 ETP	-50.0%	0,6 ETP	+20.0%	0,5 ETP	+25.0%	0,4 ETP		–		–		–		–		–		–		–		–		–		–		–		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

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 · 1 active · 1 ended

Active mandates

Koenraad MATTHYS

Director

Active

Ended mandates

Koenraad MATTHYS

Manager

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	29/08/2025	12/08/2024	31/08/2023	17/10/2022	30/08/2021	06/11/2020
General meeting	15/08/2025	30/06/2024	08/08/2023	29/09/2022	30/06/2021	08/09/2020
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	15/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	12/08/2024	Dutch	PDF
Abridged model	31/12/2022	08/08/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	29/09/2022	17/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	06/11/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	01/08/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	08/09/2014	20/10/2014	Dutch	PDF
Full model	31/12/2012	15/06/2013	27/08/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	27/08/2012	Dutch	PDF
Full model	31/12/2010	29/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	05/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	22/06/2007	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 · 1 active · 1 ended

Active mandates

Koenraad MATTHYS

Director

Active

Ended mandates

Koenraad MATTHYS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Registered office11/07/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/01/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2006
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202414,7 M €↑
2023
Annual accounts 20238,9 M €↑
2022
Annual accounts 20221,2 M €↓
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018838,8 k €↓
2017
Annual accounts 2017938,7 k €↓
2016
Annual accounts 20161,7 M €↑
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141,4 M €↑
2013
Annual accounts 2013761,9 k €↓
2012
Annual accounts 2012875 k €↑
2011
Annual accounts 2011696,6 k €↓
2010
Annual accounts 2010934,2 k €↓
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 20081,5 M €↑
2007
Annual accounts 2007699,4 k €↑
2006
Annual accounts 2006331,2 k €
16/06/1999
IncorporationPrivate 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

VEKO

Overview

What does VEKO do?

Trend over 19 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