Equity
€841,385 from €1.6m in 2009
Equity fell by 47% in 16 years.
VWB
Lifetime
20 annual accounts with figures on one time axis, 41 filings since 1985peak €435,207 (2006)
€37,379▼ 7.8%
lowest -€24,770 (2006)
€19,153▼ 10.0%
peak €1.6m (2009)
€841,385▲ 2.3%
€189,994▼ 7.2%
peak 4.2 FTE (2007)
-not published
Board3 names since 2021
1 directorAPOTHEEK VERHAEGHE - LAGA
Owners
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
A quiet year: no large shift against the year before.
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 55% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: < 0.1%▼ -0.2 percentage points vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
No main activity registered
lowers risk
Size: total assets €1.1m
Equity €841,385 (74.8% of total assets)
Figures for financial year 2025 (filed on 16-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 63% of them on solvency, 62% on liquidity, 41% on profitability and 55% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as VWB has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VWB itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for VWB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.15 (28.51 in 2024), above the usual 1.5. Short-term debt is 2.4% and cash 12.2% of total assets. 25.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
17 days early
2023
33 days early
2022
61 days early
2021
34 days early
2020
43 days early
2019
63 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 42 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- APOTHEEK VERHAEGHE - LAGA 99.87%score 95equity €2.8m (2025) · 30-09-2025 annual accounts of APOTHEEK VERHAEGHE - LAGA
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426643909
Company renamed from APOTHEEK M. BLADT to VWB
Registered office moved from Tessenderlo to Rillaar · New registered office: Diestsesteenweg 450, 3202 Rillaar · Previous registered office: Hulsterweg 103, 3980 Tessenderlo · General meeting of 25-10-2023 · Gazette deed
First establishment
Diestsesteenweg 450, Aarschot
Incorporation
published on 25-01-1985 · Gazette deed
Official details
Source: KBO- Status
- Active since 27-12-1984Normal situation
- Activity
- “Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met…” (deed in Dutch)From the articles, 19 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.026.208.7493202 Aarschot, since 01-01-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 25-06-2025
Annual accounts 2025
- €1.1m▼ 0.2%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on VWB
VWB files the abbreviated format. That format states no turnover. The gross margin fell from €435,207 in 2006 to €37,379 in 2025.
APOTHEEK VERHAEGHE - LAGA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VWB
- What is the company number of VWB?
- The company number of VWB is 0426.643.909. The VAT number is the same number with BE in front: BE 0426.643.909.
- Where is VWB based?
- The registered office is at Diestsesteenweg 450, 3202 Aarschot.Company details
- What is the legal form of VWB?
- VWB is a private limited company (BV).
- When was VWB founded?
- VWB was founded on 27-12-1984.
- Is VWB still active?
- Yes, VWB is an active enterprise in the KBO register.
- What is the turnover of VWB?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €37,379 and 1,225 comparable companies of the same size. It probably lies between €71,000 and €250,000. It is a rough estimate.Financials
- Is VWB profitable?
- In financial year 2025, VWB made a profit of €19,153.
- Where can I find the annual accounts of VWB?
- VWB filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VWB due?
- VWB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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