Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Veda from Ingelmunster, company number BE0421954552, closed financial year 2025 with a result of € 531,480 after tax. For that financial year Veda recorded a gross margin of € 2 million and equity of € 4.4 million. Compared with financial year 2024, the result moved from € 448,162 to € 531,480. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 4.4 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 531,480
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 128,433
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
5.7
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 295,449
▲ 8% vs 2024
€ 51,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 713,599
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.6 million
▲ 197% vs 2024
€ 559,340 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 133,143
▲ € 117,276 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 118,919
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,272,344 | € 1,694,353 | € 2,035,297 | € 2,004,737 | ▼ 2% |
| Profit after taxes | € 203,913 | € 333,105 | € 448,162 | € 531,480 | ▲ 19% |
| Equity | € 4,822,702 | € 5,055,807 | € 5,243,725 | € 4,422,082 | ▼ 16% |
| Total debts | € 6,622,155 | € 6,303,201 | € 6,188,613 | € 17,061,943 | ▲ 176% |
| Cash | € 254,952 | € 264,091 | € 254,982 | € 128,433 | ▼ 50% |
| Land & buildings | € 7,947,551 | € 8,032,479 | € 7,854,367 | € 7,575,652 | ▼ 4% |
| Retained profit | € 2,046,336 | € 2,279,441 | € 2,467,359 | € 1,645,716 | ▼ 33% |
| Dividend | € 0 | € 100,000 | € 260,244 | € 1,353,124 | ▲ € 1.1 million |
| Bank debt | € 2,608,353 | € 2,382,217 | € 2,224,912 | € 6,618,063 | ▲ 197% |
| Balance sheet total | € 11,507,904 | € 11,418,481 | € 11,516,348 | € 21,559,281 | ▲ 87% |
| Employees (FTE) | 4.9 | 5.4 | 5.4 | 5.7 | ▲ 0.3 |
Key figures of Veda, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Veda?
What happened at Veda in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 531,480 (▲ 19% vs 2024). Source: NBB ↗
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 203,913 profit in 2022 to € 531,480 profit in 2025.
Paid € 756,267 in corporate taxes since 2022.
Best year ever: 2025, with € 531,480 profit.
On average € 351,700 of value added per employee in 2025.
Management
Behind Veda are Paul Vanhonsebrouck and Sabine Lecot. It owns 100% of Papypol and 33.3% of Aubelco BV itself.
Directors
According to the 2025 annual accounts
Paul Vanhonsebrouck
Managing director
Also active at: LENDAL, TRANSPORT V.V.S., DE VLEESUNIE, Theuco, Kasteel Ingelmunster, WILVO, DEVAN, KRUICO
Establishments
Establishment units
Physical locations of this company
Nijverheidstraat 2 box A
8770 Ingelmunster
Nijverheidstraat 2 A
8770 Ingelmunster
Active since 8 October 1981
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →S.D.D.
€ 633,087 gross margin · 2025
Marcan
€ 1.1 million gross margin · 2025
DE VLEESUNIE same network
€ 523,823 gross margin · 2025
CHRISTCO
€ 586,474 gross margin · 2025
VANGROU
€ 354,769 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.954.552
- VAT number
- BE 0421.954.552
- Registered office
- Nijverheidstraat 2 bus A, 8770 Ingelmunster
- Names & denominations
- Veda
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 1981
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Boekhouders en boekhouders-fiscalisten
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen