ACTIVE

VEERNICO

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Financial year 2025 · closed on 31/12/2025

Net result

31,3 k €

-74.8% YoY

Gross margin

60,4 k €

-59.7% YoY

Equity

119,7 k €

+35.4% YoY

What does VEERNICO do?

VEERNICO is a Private company with limited liability incorporated in 2001. Its main activity is: Management consultancy activities. Its registered office is in Lochristi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.644.844

Incorporation

14/09/2001

Legal form

Private company with limited liability

Registered office

Smishoek 8
9185 Lochristi · FlandreSee on map

Contributed capital

182 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	60,4 k €	-59.7%	150 k €	-40.1%	250,5 k €	-52.9%	532 k €	-1.1%	537,7 k €	+1.1%	531,7 k €	-11.3%	599,6 k €	+1.7%	589,6 k €	+27.4%	462,8 k €	+11.2%	416,1 k €	+45.1%	286,7 k €	-33.5%	430,9 k €	+23.4%	349,3 k €	+63.5%	213,6 k €	-5.2%	225,2 k €	+51.7%	148,4 k €	+802%	16,4 k €	-42.2%	28,4 k €	-14.5%	33,3 k €	+23.6%	26,9 k €
EBITDA	60,2 k €	-59.2%	147,4 k €	+322%	-66,5 k €	-378%	23,9 k €	-35.9%	37,2 k €	-26.2%	50,4 k €	-6.7%	54 k €	+3.9%	52 k €	+385%	10,7 k €	+111%	-95,2 k €	+51.4%	-195,9 k €	-265%	118,5 k €	+101%	58,9 k €	+227%	18 k €	-83.9%	111,8 k €	+17.2%	95,3 k €	+3127%	3 k €	-86.7%	22,2 k €	-16.8%	26,6 k €	+5.5%	25,3 k €
Operating result	50,1 k €	-63.5%	137,3 k €	+279%	-76,6 k €	-605%	15,2 k €	+19.2%	12,7 k €	-58.2%	30,4 k €	+0.6%	30,2 k €	+145%	12,3 k €	+15.1%	10,7 k €	+110%	-104,7 k €	+49.1%	-205,7 k €	-285%	110,9 k €	+153%	43,9 k €	+1201%	3,4 k €	-96.6%	98,7 k €	+10.3%	89,5 k €	+3034%	-3,1 k €	-118%	17,4 k €	-20.3%	21,8 k €	+1.9%	21,4 k €
Net result	31,3 k €	-74.8%	124,4 k €	+247%	-84,5 k €	-1530%	5,9 k €	+315%	1,4 k €	-92.9%	20,2 k €	+0.9%	20 k €	+3055%	633,6 €	-95.2%	13,3 k €	+113%	-102 k €	+49.8%	-203,2 k €	-367%	76,2 k €	+136%	32,3 k €	+40.4%	23 k €	-67.6%	70,9 k €	+11.2%	63,8 k €	+1197%	-5,8 k €	-148%	12 k €	-28.5%	16,8 k €	+42.1%	11,8 k €
Balance sheet
Equity	119,7 k €	+35.4%	88,4 k €	+345%	-36 k €	-174%	48,5 k €	+13.9%	42,6 k €	+3.5%	41,1 k €	+96.3%	21 k €	+2052%	974,2 €	+186%	340,6 €	+103%	-13 k €	-115%	89,1 k €	-72.4%	322,3 k €	+31.0%	246,1 k €	+6.2%	231,8 k €	+11.0%	208,8 k €	+51.4%	137,9 k €	+86.1%	74,1 k €	-7.3%	79,9 k €	+17.7%	67,9 k €	+32.9%	51,1 k €
Total assets	269,9 k €	-5.7%	286,2 k €	+14.4%	250,3 k €	-43.6%	444 k €	+14.4%	388 k €	-5.3%	409,7 k €	-14.3%	478,2 k €	+13.9%	419,6 k €	-23.0%	545 k €	+26.5%	430,8 k €	-4.1%	449,2 k €	-10.7%	502,7 k €	-13.3%	579,6 k €	+26.4%	458,5 k €	+22.8%	373,4 k €	+57.0%	237,8 k €	+14.0%	208,6 k €	+54.7%	134,8 k €	+12.8%	119,5 k €	+48.1%	80,7 k €
Cash	901,4 €	-81.4%	4,8 k €	+96.6%	2,5 k €	-93.6%	38,4 k €	-48.0%	73,7 k €	-28.1%	102,5 k €	-55.0%	227,9 k €	+268%	61,9 k €	-46.5%	115,7 k €	-24.4%	153,1 k €	-6.6%	163,9 k €	-28.4%	228,8 k €	-33.2%	342,5 k €	+43.3%	239,1 k €	+16.6%	205 k €	+16.5%	175,9 k €	+19.8%	146,8 k €	+75.2%	83,8 k €	+20.4%	69,6 k €	+57.8%	44,1 k €
Debts	150,1 k €	-24.1%	197,8 k €	-5.8%	210,1 k €	-44.1%	376 k €	+18.5%	317,4 k €	-11.1%	357 k €	-13.9%	414,6 k €	+4.4%	397,1 k €	-26.7%	541,8 k €	+22.1%	443,8 k €	+23.2%	360,1 k €	+99.6%	180,4 k €	-45.9%	333,5 k €	+47.1%	226,7 k €	+37.7%	164,6 k €	+64.7%	100 k €	-25.7%	134,5 k €	+145%	54,9 k €	+6.3%	51,6 k €	+74.3%	29,6 k €
Other
Workforce	–		–		6,9 ETP	-51.7%	14,3 ETP	-13.3%	16,5 ETP	-1.8%	16,8 ETP	-8.2%	18,3 ETP	+15.1%	15,9 ETP	+22.3%	13,0 ETP	+22.6%	10,6 ETP	0.0%	10,6 ETP	+23.3%	8,6 ETP	+17.8%	7,3 ETP	+14.1%	6,4 ETP	+42.2%	4,5 ETP	+87.5%	2,4 ETP	+500%	0,4 ETP	+100%	0,2 ETP	+100%	0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

NICOLAI STAL

Director

Active

Ended mandates

NICOLAI STAL

Manager

Ended

Nicolaï Stal

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
HUBERT Construct● Active	0826.674.184
PROXY WACHTEBEKE● Active	0788.780.145

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/07/2026	07/08/2025	14/08/2024	11/08/2023	27/06/2022	27/07/2021
General meeting	30/06/2026	15/07/2025	15/07/2024	15/07/2023	31/05/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/07/2025	07/08/2025	Dutch	PDF
Abridged model	31/12/2023	15/07/2024	14/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/07/2023	11/08/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/05/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	28/02/2018	09/03/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	05/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	13/09/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2025 · 1 active · 2 ended

Active mandates

NICOLAI STAL

Director

Active

Ended mandates

NICOLAI STAL

Manager

Ended

Nicolaï Stal

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2014
KAPITAAL - AANDELEN
PDF
Registered office05/11/2012
MAATSCHAPPELIJKE ZETEL
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

2025
Annual accounts 202531,3 k €↓
2024
Annual accounts 2024124,4 k €↑
2023
Annual accounts 2023-84,5 k €↓
2022
Annual accounts 20225,9 k €↑
2021
Annual accounts 20211,4 k €↓
2020
Annual accounts 202020,2 k €↑
2019
Annual accounts 201920 k €↑
2018
Annual accounts 2018633,6 €↓
2017
Annual accounts 201713,3 k €↑
2016
Annual accounts 2016-102 k €↑
2015
Annual accounts 2015-203,2 k €↓
2014
Annual accounts 201476,2 k €↑
2013
Annual accounts 201332,3 k €↑
2012
Annual accounts 201223 k €↓
2011
Annual accounts 201170,9 k €↑
2010
Annual accounts 201063,8 k €↑
2009
Annual accounts 2009-5,8 k €↓
2008
Annual accounts 200812 k €↓
2007
Annual accounts 200716,8 k €↑
2006
Annual accounts 200611,8 k €
14/09/2001
IncorporationPrivate company with limited liability

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

VEERNICO

Overview

What does VEERNICO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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