ACTIVE

VECE

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Financial year 2025 · closed on 31/12/2025
Net result
374,9 k €
+16.3% YoY
Gross margin
923,7 k €
+16.8% YoY
Equity
2,7 M €
-7.9% YoY
Workforce
1,0 ETP
-9.1% YoY

What does VECE do?

VECE is a Private limited company incorporated in 2008. Its main activity is: Veterinary activities. Its registered office is in Pittem. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0806.690.404
Incorporation
29/09/2008
Legal form
Private limited company
Registered office
Joos de ter Beerstlaan 25
8740 Pittem · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
75000Veterinary activities· main75000Veterinary activities
Joint committees (1)
  • 336
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202018201720162015201420132012201120102009
Income statement
Gross margin923,7 k €790,7 k €928,7 k €867,5 k €677,7 k €744,8 k €682,6 k €561,8 k €449,4 k €533,2 k €214,9 k €270,8 k €146 k €143 k €88,4 k €71,3 k €
EBITDA745,3 k €704 k €845,5 k €799,9 k €668,2 k €738,2 k €673,1 k €552,3 k €439,5 k €522,2 k €205,9 k €268,4 k €143,8 k €140,8 k €84,5 k €69,9 k €
Operating result562,9 k €480,4 k €690,9 k €674,9 k €558,6 k €646,2 k €606,5 k €459,2 k €335,6 k €438,3 k €123,3 k €219,7 k €102,6 k €72,8 k €71,9 k €50,9 k €
Net result374,9 k €322,4 k €665,9 k €454,3 k €385,4 k €639 k €408,9 k €265,2 k €178,7 k €246,8 k €69,8 k €143,9 k €65,1 k €40,5 k €46,7 k €34,8 k €
Balance sheet
Equity2,7 M €2,9 M €2,6 M €2,3 M €2,1 M €2,1 M €1,5 M €1,1 M €806,9 k €628,1 k €381,3 k €311,4 k €192,6 k €127,5 k €87 k €40,2 k €
Total assets4,1 M €3,8 M €3,9 M €3,4 M €3,4 M €3,4 M €1,8 M €1,5 M €1,3 M €1,3 M €899,9 k €911,4 k €694,8 k €579,4 k €227,2 k €179,9 k €
Cash769,4 k €280,4 k €331,6 k €351,9 k €907,6 k €1,2 M €476,7 k €382,2 k €137,5 k €28 k €141,9 k €139,3 k €76 k €45,4 k €69,3 k €10 k €
Debts1,4 M €848,8 k €1,3 M €1,1 M €1,3 M €1,3 M €287,3 k €456,3 k €504,4 k €650,9 k €514,5 k €599,9 k €502,3 k €451,9 k €140,3 k €139,6 k €
Other
Workforce1,0 ETP1,1 ETP––––0,4 ETP0,3 ETP–0,3 ETP0,3 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Lieven Vandepitte

Bestuurder

Active

Ended mandates

Lieven Vandepitte

Director · since 29 septembre 2008

Ended
Lieven Vandepitte

Director

Ended
Lieven Vandepitte

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
VARKENSGEZONDHEID VDP● Active
0507.685.726
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/08/202629/08/202530/07/202430/06/202330/09/202231/08/2021
General meeting29/05/202630/05/202531/05/202426/05/202327/05/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202618/08/2026DutchPDF
Abridged model31/12/202430/05/202529/08/2025DutchPDF
Abridged model31/12/202331/05/202430/07/2024DutchPDF
Abridged model31/12/202226/05/202330/06/2023DutchPDF
Abridged model31/12/202127/05/202230/09/2022DutchPDF
Abridged model31/12/202025/06/202131/08/2021DutchPDF
Abridged model31/12/201929/05/202029/06/2020DutchPDF
Abridged model31/12/201831/05/201929/08/2019DutchPDF
Abridged model31/12/201725/06/201813/07/2018DutchPDF
Micro model31/12/201623/06/201720/07/2017DutchPDF
Abridged model31/12/201527/05/201604/07/2016DutchPDF
Abridged model31/12/201429/05/201506/08/2015DutchPDF
Abridged model31/12/201330/05/201411/07/2014DutchPDF
Abridged model31/12/201231/05/201319/07/2013DutchPDF
Abridged model31/12/201126/05/201213/07/2012DutchPDF
Abridged model31/12/201027/05/201108/06/2011DutchPDF
Abridged model31/12/200928/05/201006/07/2010DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 1 active · 3 ended

Active mandates

Lieven Vandepitte

Bestuurder

Active

Ended mandates

Lieven Vandepitte

Director · since 29 septembre 2008

Ended
Lieven Vandepitte

Director

Ended
Lieven Vandepitte

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other26/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates08/07/2019
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other07/10/2008
    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

Timeline

  1. 2025
    Annual accounts 2025374,9 k €↑
  2. 2024
    Annual accounts 2024322,4 k €↓
  3. 2023
    Annual accounts 2023665,9 k €↑
  4. 2022
    Annual accounts 2022454,3 k €↑
  5. 2021
    Annual accounts 2021385,4 k €↓
  6. 2020
    Annual accounts 2020639 k €↑
  7. 2018
    Annual accounts 2018408,9 k €↑
  8. 2017
    Annual accounts 2017265,2 k €↑
  9. 2016
    Annual accounts 2016178,7 k €↓
  10. 2015
    Annual accounts 2015246,8 k €↑
  11. 2014
    Annual accounts 201469,8 k €↓
  12. 2013
    Annual accounts 2013143,9 k €↑
  13. 2012
    Annual accounts 201265,1 k €↑
  14. 2011
    Annual accounts 201140,5 k €↓
  15. 2010
    Annual accounts 201046,7 k €↑
  16. 2009
    Annual accounts 200934,8 k €
  17. 29/09/2008
    IncorporationPrivate limited company