ACTIVE

VETO

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Financial year 2025 · closed on 30/09/2025

Net result

72,1 k €

+99.0% YoY

Gross margin

217,1 k €

+6.1% YoY

Equity

1,1 M €

+6.8% YoY

What does VETO do?

VETO is a Private company with limited liability incorporated in 2013. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0536.433.358

Incorporation

04/07/2013

Legal form

Private company with limited liability

Registered office

Eugène Bekaertlaan 14
8790 Waregem · FlandreSee on map

Contributed capital

26 553,22 €

Latest accounts

30/09/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	217,1 k €	+6.1%	204,6 k €	-20.7%	258 k €	+44.5%	178,5 k €	+7.8%	165,5 k €	-7.4%	178,8 k €	+2.8%	173,8 k €	+11.7%	155,6 k €	+8.1%	143,9 k €	-3.5%	149,1 k €	+0.3%	148,7 k €	-42.2%	257,2 k €
EBITDA	200,7 k €	+6.3%	188,8 k €	-22.2%	242,7 k €	+46.7%	165,4 k €	+8.9%	151,9 k €	-8.1%	165,2 k €	+1.4%	162,9 k €	+12.4%	144,9 k €	+8.6%	133,4 k €	-3.8%	138,7 k €	-0.2%	138,9 k €	-43.8%	247,1 k €
Operating result	113 k €	+143%	46,5 k €	-52.8%	98,6 k €	+1050%	-10,4 k €	+64.9%	-29,6 k €	-66.4%	-17,8 k €	+45.5%	-32,6 k €	+43.2%	-57,4 k €	-452%	16,3 k €	+64.4%	9,9 k €	+221%	-8,2 k €	-111%	73 k €
Net result	72,1 k €	+99.0%	36,2 k €	-57.1%	84,4 k €	+3959%	-2,2 k €	+90.7%	-23,4 k €	-86.2%	-12,6 k €	+58.2%	-30,1 k €	+19.3%	-37,3 k €	-382%	13,2 k €	+6.7%	12,4 k €	+765%	1,4 k €	-99.6%	346,1 k €
Balance sheet
Equity	1,1 M €	+6.8%	1,1 M €	+3.6%	1 M €	+9.1%	933 k €	-0.2%	935,2 k €	-2.4%	958,6 k €	-1.3%	971,2 k €	-2.2%	993 k €	-3.6%	1 M €	+1.3%	1 M €	+1.2%	1 M €	-16.5%	1,2 M €
Total assets	1,1 M €	-4.4%	1,2 M €	-12.1%	1,4 M €	-8.7%	1,5 M €	-11.8%	1,7 M €	+3.8%	1,6 M €	-9.4%	1,8 M €	-8.2%	1,9 M €	+14.9%	1,7 M €	-8.2%	1,8 M €	-17.2%	2,2 M €	-7.1%	2,4 M €
Cash	19,1 k €	+90.0%	10,1 k €	-73.3%	37,7 k €	+88.8%	20 k €	-55.3%	44,7 k €	+393%	9,1 k €	-89.1%	83,3 k €	-9.6%	92,2 k €	-71.9%	328 k €	-9.6%	363 k €	+3.5%	350,7 k €	-58.7%	849,9 k €
Debts	8,9 k €	-93.3%	132,5 k €	-59.1%	323,8 k €	-38.7%	528 k €	-26.1%	714,9 k €	+15.1%	621,2 k €	-19.1%	768,3 k €	-13.5%	888,1 k €	+50.9%	588,5 k €	-20.7%	741,8 k €	-34.1%	1,1 M €	+4.0%	1,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

thoveto

Director · 0888.010.056

Represented by TOM DE STOOP

Active

Ended mandates

thoveto

Manager · since 04 juillet 2013 · 0888.010.056

Represented by Tom De Stoop

Ended

thoveto

Director · 0888.010.056

Represented by TOM DE STOOP

Ended

thoveto

Manager · 0888.010.056

Represented by TOM DE STOOP

Ended

thoveto

Manager · 0888.010.056

Represented by Tom De Stoop

Ended

At this address

Other companies at this address

Company	CBE no.
DE GAVERKANT● Active	0880.114.850
DE STOOP● Active	0414.933.435
V ESTO● Active	0537.519.164

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	07/04/2025	05/04/2024	25/04/2023	28/04/2022	30/03/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	25/03/2023	26/03/2022	27/03/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	28/03/2026	30/04/2026	Dutch	PDF
Micro model	30/09/2024	29/03/2025	07/04/2025	Dutch	PDF
Micro model	30/09/2023	30/03/2024	05/04/2024	Dutch	PDF
Micro model	30/09/2022	25/03/2023	25/04/2023	Dutch	PDF
Micro model	30/09/2021	26/03/2022	28/04/2022	Dutch	PDF
Micro model	30/09/2020	27/03/2021	30/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/03/2020	24/04/2020	Dutch	PDF
Micro model	30/09/2018	30/03/2019	26/04/2019	Dutch	PDF
Micro model	30/09/2017	31/03/2018	03/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	30/03/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 4 ended

Active mandates

thoveto

Director · 0888.010.056

Represented by TOM DE STOOP

Active

Ended mandates

thoveto

Manager · since 04 juillet 2013 · 0888.010.056

Represented by Tom De Stoop

Ended

thoveto

Director · 0888.010.056

Represented by TOM DE STOOP

Ended

thoveto

Manager · 0888.010.056

Represented by TOM DE STOOP

Ended

thoveto

Manager · 0888.010.056

Represented by Tom De Stoop

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring04/12/2013
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/08/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other08/07/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202572,1 k €↑
2024
Annual accounts 202436,2 k €↓
2023
Annual accounts 202384,4 k €↑
2022
Annual accounts 2022-2,2 k €↑
2021
Annual accounts 2021-23,4 k €↓
2020
Annual accounts 2020-12,6 k €↑
2019
Annual accounts 2019-30,1 k €↑
2018
Annual accounts 2018-37,3 k €↓
2017
Annual accounts 201713,2 k €↑
2016
Annual accounts 201612,4 k €↑
2015
Annual accounts 20151,4 k €↓
2014
Annual accounts 2014346,1 k €
04/07/2013
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

VETO

Overview

What does VETO do?

Trend over 12 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