Financials
Financial year 2024
VERO DUCO from Veurne, company number BE0456974225, closed financial year 2024 with a result of € 24.9 million after tax. For that financial year VERO DUCO recorded revenue of € 84.6 million and equity of € 172.6 million. Compared with financial year 2023, the result moved from € 26.1 million to € 24.9 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on November 17, 2025.
€ 172.6 million
▲ 13% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24.9 million
▼ 4% vs 2023
Profit after tax over the fiscal year.
€ 3.3 million
▼ 33% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 4.8 million paid out
19 % of the profit went to the shareholders, mostly to O2 HOLDING (100 % of the shares). That is where the money ends up.
People and assets in 2024
165
▼ 1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 14 million
▲ 8% vs 2023
€ 84,600 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.
€ 2.8 million
▼ 11% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 17.3 million
▲ 22% vs 2023
Loans from banks and other lenders, long and short.
€ 3.1 million
▼ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 1.4 million
▼ 41% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 62,125,830 | € 82,294,569 | € 87,244,496 | € 84,590,422 | ▼ 3% |
| Profit after taxes | € 16,929,553 | € 20,221,290 | € 26,100,870 | € 24,949,193 | ▼ 4% |
| Equity | € 113,165,050 | € 130,130,241 | € 152,475,011 | € 172,634,336 | ▲ 13% |
| Total debts | € 19,481,538 | € 23,227,332 | € 23,824,588 | € 26,617,962 | ▲ 12% |
| Cash | € 11,930,043 | € 3,427,076 | € 4,848,131 | € 3,264,822 | ▼ 33% |
| Land & buildings | € 8,101,447 | € 16,484,705 | € 15,673,607 | € 14,846,597 | ▼ 5% |
| Retained profit | € 113,084,232 | € 130,055,522 | € 152,406,392 | € 172,570,586 | ▲ 13% |
| Dividend | € 5,300,000 | € 3,250,000 | € 3,750,000 | € 4,785,000 | ▲ 28% |
| Bank debt | € 8,945,000 | € 11,380,000 | € 14,115,000 | € 17,280,000 | ▲ 22% |
| Balance sheet total | € 132,646,588 | € 156,107,573 | € 177,050,916 | € 199,252,298 | ▲ 13% |
| Employees (FTE) | 146.6 | 161.4 | 166 | 165 | ▼ 1 |
Key figures of VERO DUCO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VERO DUCO?
What happened at VERO DUCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Renvest CommV stepped down as director. NBB
- Patricia Bouckaert stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 24.9 million (▼ 4% vs 2023). filed late Source: NBB ↗
- Renvest CommV became a director. NBB
- Patricia Bouckaert became a director. NBB
- New establishment in Veurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 16.9 million profit in 2021 to € 24.9 million profit in 2024.
Paid € 16.4 million in corporate taxes since 2021.
Best year ever: 2023, with € 26.1 million profit.
Paid out € 17.1 million in dividends to the owners in total.
Management
The stake of O2 HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERO DUCOThe shares are held by O2 HOLDING (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Luc RENSON
Also active at: O.M. VRIJDAG, DUCO PROJECTS
since 2023 · until 2029
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Handelsstraat 19
8630 Veurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
duco.eu
Registrar
Combell NV
Website info
Features
Security
Details
- Company number
- 0456.974.225
- VAT number
- BE 0456.974.225
- Registered office
- Handelsstraat 19, 8630 Veurne
- Names & denominations
- VERO DUCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 1996
- Peppol
- Active · Active since 3 Sept 2025
- Contact
- duco.eu
- Activities · NACE
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