ACTIVE

VECO

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Financial year 2025 · closed on 31/12/2025

Net result

373,1 k €

-22.0% YoY

Gross margin

1,7 M €

-6.2% YoY

Equity

6,1 M €

+6.5% YoY

Workforce

6,8 ETP

+1.5% YoY

What does VECO do?

VECO is a Private limited company incorporated in 2006. Its main activity is: Manufacture of fertilisers and nitrogen compounds. Its registered office is in Riemst. It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.000.403

Incorporation

14/08/2006

Legal form

Private limited company

Registered office

Walenweg 20b
3770 Riemst · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

6,8 ETP

Activities (NACE)

20150Manufacture of fertilisers and nitrogen compounds· main 20150Manufacture of fertilisers and nitrogen compounds 20200Manufacture of pesticides and other agrochemical products 20200Manufacture of pesticides and other agrochemical products 46752Wholesale of chemical products 46852Wholesale trade, except of motor vehicles and motorcycles+2

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,7 M €	-6.2%	1,8 M €	-26.0%	2,4 M €	+130%	1,1 M €	-30.3%	1,5 M €	-30.1%	2,2 M €	-1.4%	2,2 M €	-8.3%	2,4 M €	+23.1%	2,0 M €	+26.9%	1,5 M €	-11.0%	1,7 M €	-0.7%	1,7 M €	+74.6%	1,0 M €	+8527%	-11,9 k €	-1570%	-712,0 €	+87.4%	-5,7 k €	-618%	-786,5 €	-152%	1,5 k €	+250%	-1,0 k €
EBITDA	1,1 M €	-13.7%	1,3 M €	-34.7%	2,0 M €	+194%	670,6 k €	-43.6%	1,2 M €	-38.3%	1,9 M €	-5.1%	2,0 M €	-13.2%	2,3 M €	+37.4%	1,7 M €	+28.5%	1,3 M €	-18.3%	1,6 M €	-2.0%	1,7 M €	+65.4%	1,0 M €	+8173%	-12,4 k €	-1640%	-712,0 €	+87.8%	-5,8 k €	-317%	-1,4 k €	-919%	170,8 €	+115%	-1,2 k €
Operating result	542,7 k €	-21.8%	694,0 k €	-48.3%	1,3 M €	+878%	-172,6 k €	-137%	471,9 k €	-61.6%	1,2 M €	-7.0%	1,3 M €	-21.5%	1,7 M €	+65.6%	1,0 M €	+58.0%	642,8 k €	-32.2%	948,0 k €	-11.1%	1,1 M €	+144%	437,2 k €	+339%	-182,7 k €	-3349%	-5,3 k €	+35.0%	-8,1 k €	-482%	-1,4 k €	-919%	170,8 €	+115%	-1,2 k €
Net result	373,1 k €	-22.0%	478,4 k €	-54.0%	1,0 M €	+778%	-153,5 k €	-143%	353,8 k €	-60.5%	896,1 k €	-0.7%	902,2 k €	-18.1%	1,1 M €	+87.5%	587,6 k €	+85.3%	317,1 k €	-37.5%	507,0 k €	-11.7%	574,2 k €	+233%	172,5 k €	+179%	-217,8 k €	-4009%	-5,3 k €	+13.9%	-6,2 k €	-337%	-1,4 k €	-941%	167,6 €	+114%	-1,2 k €
Balance sheet
Equity	6,1 M €	+6.5%	5,7 M €	+9.1%	5,2 M €	+23.8%	4,2 M €	-4.3%	4,4 M €	+7.8%	4,1 M €	+12.7%	3,6 M €	+31.3%	2,8 M €	+28.4%	2,2 M €	+34.5%	1,6 M €	+21.3%	1,3 M €	+55.6%	848,4 k €	+184%	298,7 k €	+236%	-219,3 k €	-14646%	-1,5 k €	-139%	3,8 k €	-61.8%	10,0 k €	-12.4%	11,4 k €	+1.5%	11,2 k €
Total assets	8,5 M €	-25.4%	11,5 M €	+13.7%	10,1 M €	+22.1%	8,3 M €	+18.7%	7,0 M €	+4.3%	6,7 M €	-1.3%	6,8 M €	-11.3%	7,6 M €	+9.1%	7,0 M €	-4.1%	7,3 M €	-7.3%	7,9 M €	-8.8%	8,6 M €	-2.6%	8,8 M €	+27.6%	6,9 M €	+2307%	288,1 k €	+19.0%	242,2 k €	+488%	41,2 k €	-0.7%	41,5 k €	+2.5%	40,5 k €
Cash	94,8 k €	+54.9%	61,2 k €	-83.2%	363,5 k €	+310%	88,7 k €	-76.0%	370,0 k €	-67.8%	1,1 M €	+145%	469,4 k €	-26.0%	634,8 k €	+608%	89,6 k €	+15.2%	77,8 k €	-53.2%	166,1 k €	-56.3%	380,4 k €	+67.4%	227,2 k €	-90.0%	2,3 M €	+35090%	6,5 k €	+1916%	320,0 €	-73.5%	1,2 k €	-18.5%	1,5 k €		–
Debts	2,2 M €	-60.1%	5,5 M €	+18.2%	4,7 M €	+19.7%	3,9 M €	+58.4%	2,5 M €	-2.3%	2,5 M €	-18.7%	3,1 M €	-35.7%	4,8 M €	+4.6%	4,6 M €	-16.8%	5,6 M €	-14.1%	6,5 M €	-14.8%	7,6 M €	-9.3%	8,4 M €	+17.1%	7,2 M €	+2371%	289,6 k €	+21.5%	238,4 k €	+663%	31,2 k €	+3.8%	30,1 k €	+2.8%	29,3 k €
Other
Workforce	6,8 ETP	+1.5%	6,7 ETP	+3.1%	6,5 ETP	+12.1%	5,8 ETP	+26.1%	4,6 ETP	+27.8%	3,6 ETP	+44.0%	2,5 ETP	+38.9%	1,8 ETP	-10.0%	2,0 ETP	-23.1%	2,6 ETP	+30.0%	2,0 ETP	-9.1%	2,2 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 · 2 active · 16 ended

Active mandates

B & K CONSULT

Director · 0882.181.742

Represented by Bart Toon Yves Geert COENEGRACHTS

Active

RiVeRo Beheer B.V. BV

Director · 1004.077.088

Represented by Jacobus van Kessel

Active

Ended mandates

B & K CONSULT

Manager · since 30 juin 2010 · 0882.181.742

Represented by Bart Coenegrachts

Ended

Bart Coenegrachts

Manager · since 30 juin 2010

Ended

Jacobus Van Kessel

Manager · since 30 juin 2010

Ended

Vedemij Rossum bv

Manager · since 30 juin 2010

Represented by Jacobus van Kessel

Ended

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	30/06/2026	28/07/2025	29/08/2024	28/07/2023	31/08/2022	27/08/2021
General meeting	15/06/2026	15/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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

19 filings with the NBB

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

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 · 2 active · 16 ended

Active mandates

B & K CONSULT

Director · 0882.181.742

Represented by Bart Toon Yves Geert COENEGRACHTS

Active

RiVeRo Beheer B.V. BV

Director · 1004.077.088

Represented by Jacobus van Kessel

Active

Ended mandates

B & K CONSULT

Manager · since 30 juin 2010 · 0882.181.742

Represented by Bart Coenegrachts

Ended

Bart Coenegrachts

Manager · since 30 juin 2010

Ended

Jacobus Van Kessel

Manager · since 30 juin 2010

Ended

Vedemij Rossum bv

Manager · since 30 juin 2010

Represented by Jacobus van Kessel

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/05/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/07/2010
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other23/08/2006
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 2025373,1 k €↓
2024
Annual accounts 2024478,4 k €↓
2023
Annual accounts 20231,0 M €↑
2022
Annual accounts 2022-153,5 k €↓
2021
Annual accounts 2021353,8 k €↓
2020
Annual accounts 2020896,1 k €↓
2019
Annual accounts 2019902,2 k €↓
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017587,6 k €↑
2016
Annual accounts 2016317,1 k €↓
2015
Annual accounts 2015507,0 k €↓
2014
Annual accounts 2014574,2 k €↑
2013
Annual accounts 2013172,5 k €↑
2012
Annual accounts 2012-217,8 k €↓
2011
Annual accounts 2011-5,3 k €↑
2010
Annual accounts 2010-6,2 k €↓
2009
Annual accounts 2009-1,4 k €↓
2008
Annual accounts 2008167,6 €↑
2007
Annual accounts 2007-1,2 k €
14/08/2006
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

VECO

Overview

What does VECO 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