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 44 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Veco from Knokke-Heist, company number BE0425853358, closed financial year 2025 with a result of € 121,718 after tax. For that financial year Veco recorded a gross margin of € 182,481 and equity of € 823,881. Compared with financial year 2024, the result moved from € 1.2 million to € 121,718. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2026.
€ 823,881
▼ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 121,718
▼ 90% vs 2024
Profit after tax over the fiscal year.
€ 150,795
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 714,286 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,531
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,707,289 | € 372,893 | € 1,567,162 | € 182,481 | ▼ 88% |
| Profit after taxes | € 1,138,884 | € 258,764 | € 1,168,948 | € 121,718 | ▼ 90% |
| Equity | € 1,872,682 | € 1,726,376 | € 1,416,448 | € 823,881 | ▼ 42% |
| Total debts | € 130,291 | € 409,232 | € 1,765 | € 716,817 | ▲ € 715,052 |
| Cash | € 1,309,770 | € 1,422,008 | € 130,189 | € 150,795 | ▲ 16% |
| Land & buildings | € 163,614 | € 149,284 | € 126,484 | € 120,781 | ▼ 5% |
| Retained profit | € 1,647,682 | € 1,501,376 | € 1,191,448 | € 598,881 | ▼ 50% |
| Dividend | € 108,266 | € 405,070 | € 1,478,876 | € 714,286 | ▼ 52% |
| Balance sheet total | € 2,002,973 | € 2,135,608 | € 1,418,212 | € 1,540,698 | ▲ 9% |
Key figures of Veco, 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 Veco?
What happened at Veco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pieter Mergaert stepped down as director. NBB
- Paul Mergaert stepped down as director. NBB
- Véronique Mergaert stepped down as director. NBB
- Marie-Christina Mergaert stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 121,718 (▼ 90% vs 2024). filed late Source: NBB ↗
- Pieter Mergaert became a director. NBB
- Paul Mergaert became a director. NBB
- Véronique Mergaert became a director. NBB
In short
From € 1.1 million profit in 2022 to € 121,718 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.2 million profit.
Paid out € 2.7 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2029
Véronique Mergaert
Managing director
since 2023 · until 2029
Marie-Christina Mergaert
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Hortensialaan 26
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.853.358
- VAT number
- BE 0425.853.358
- Registered office
- Hortensialaan 26, 8300 Knokke-Heist
- Names & denominations
- Veco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1983
- Peppol
- Not registered