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 28 % 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
VE KINE from Stavelot, company number BE0696691513, closed financial year 2025 with a result of € -2,779 after tax. For that financial year VE KINE recorded a gross margin of € 29,600 and equity of € 10,089. Compared with financial year 2024, the result moved from € 36,938 to € -2,779. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 23, 2026.
€ 10,089
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,779
▼ still € 36,938 profit in 2024
Profit after tax over the fiscal year.
€ 5,065
▲ 137% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5,089.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 57,676
▲ € 55,251 vs 2024
Of which on lease € 57,676.
Debts at end 2025
€ 58,509
▲ € 58,494 vs 2024
Loans from banks and other lenders, long and short.
€ 4,857
▲ € 4,532 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,864
▼ 71% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,238 | € 61,468 | € 65,137 | € 29,600 | ▼ 55% |
| Profit after taxes | € 22,694 | € 32,805 | € 36,938 | € -2,779 | ▼ € 39,718 |
| Equity | € 5,125 | € 5,930 | € 12,869 | € 10,089 | ▼ 22% |
| Total debts | € 104,861 | € 73,393 | € 40,308 | € 87,140 | ▲ 116% |
| Cash | € 2,693 | € 8,464 | € 2,140 | € 5,065 | ▲ 137% |
| Retained profit | € 125 | € 930 | € 7,869 | € 5,089 | ▼ 35% |
| Dividend | € 50,000 | € 32,000 | € 30,000 | € 0 | ▼ 100% |
| Bank debt | € 45,271 | € 18,361 | € 16 | € 58,509 | ▲ € 58,494 |
| Balance sheet total | € 109,986 | € 79,324 | € 53,177 | € 97,229 | ▲ 83% |
Key figures of VE KINE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VE KINE?
What happened at VE KINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,779 (▼ € 39,718 vs 2024). Source: NBB ↗
- New establishment in Stavelot. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,694 profit in 2022 to € 2,779 loss in 2025.
Paid € 27,887 in corporate taxes since 2022.
Best year ever: 2024, with € 36,938 profit.
Paid out € 112,000 in dividends to the owners in total.
Management
Behind VE KINE is VERONIQUE ERTVELDT.
Directors
According to the 2025 annual accounts
VERONIQUE ERTVELDT
Director
Establishments
Establishment units
Physical locations of this company
Rue du Centre 57
4970 Stavelot
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0696.691.513
- VAT number
- BE 0696.691.513
- Registered office
- Rue du Centre 57, 4970 Stavelot
- Names & denominations
- VE KINE
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 23 May 2018
- Peppol
- Not registered