Financials
Financial year 2025
VEKO from Wetteren, company number BE0466263954, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year VEKO recorded a gross margin of € 113,946 and equity of € 37.2 million. Compared with financial year 2024, the result moved from € 14.7 million to € 1.3 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 September 30, 2026.
€ 37.2 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▼ 91% vs 2024
Profit after tax over the fiscal year.
€ 279,909
▲ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 37.2 million.
People and assets in 2025
0.6
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 45,274
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,362
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 26,227
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.5 million
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 558,233 | € 124,574 | € 136,565 | € 113,946 | ▼ 17% |
| Profit after taxes | € 1,157,063 | € 8,911,337 | € 14,721,820 | € 1,270,681 | ▼ 91% |
| Equity | € 12,280,636 | € 21,191,972 | € 35,913,793 | € 37,184,474 | ▲ 4% |
| Total debts | € 1,335,484 | € 2,010,451 | € 3,382,478 | € 4,176,606 | ▲ 23% |
| Cash | € 282,658 | € 271,294 | € 195,667 | € 279,909 | ▲ 43% |
| Land & buildings | € 87,736 | € 80,189 | € 76,799 | € 78,414 | ▲ 2% |
| Retained profit | € 12,262,044 | € 21,173,380 | € 35,895,201 | € 37,165,882 | ▲ 4% |
| Balance sheet total | € 13,616,120 | € 23,202,423 | € 39,296,271 | € 41,361,080 | ▲ 5% |
| Employees (FTE) | 0.5 | 0.6 | 0.3 | 0.6 | ▲ 0.3 |
Key figures of VEKO, 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 VEKO?
What happened at VEKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▼ 91% vs 2024). filed late Source: NBB ↗
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2022 to € 1.3 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2024, with € 14.7 million profit.
Management
Behind VEKO is Koenraad MATTHYS. It owns 99.9% of ADIMMO and 32% of AMICI DEL TETTO itself.
Directors
According to the 2025 annual accounts
Koenraad MATTHYS
Director
Also active at: ADIDAK, A.D.W., M & W, ADIDAK INDUSTRIES, ARGONA, AMICI DEL TETTO, REUS EN BERG
Establishments
Establishment units
Physical locations of this company
Begijnestraat 65
9230 Wetteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.263.954
- VAT number
- BE 0466.263.954
- Registered office
- Begijnestraat 65, 9230 Wetteren
- Names & denominations
- VEKO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 June 1999
- Peppol
- Active · Active since 15 Dec 2025
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