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ET. VERLIE

Active
Public limited companyfounded 197650 yrs activeDries 34, 1500 Halle, BelgiumKBO/BCE: BE 0415.728.043
Summary

The computed 12-month bankruptcy probability of ET. VERLIE is 6.2% (elevated). The 2025 annual accounts show equity of €186,849 and a net result of -€95,342. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 25% of 379 sector peers (fiscal year 2025). The company has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
ET. VERLIEActiveChecked score 34/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28240NACE 29410
#7 oldest company in Halle, Manufacturing sector1 site
Size
€829,465total assets 2025
Equity
€186,849
Loss
-€95,342
Financial health
34 Weak Checked score 2025
Bankruptcy chance 12 m
6.2%
Structure
Accounts filed 60 d late1 of 3 deeds read
Why 34- Liquidity: current ratio 1.16- Latest accounts 60 days late; 3 of the last 3 late- Loss of €95,342, the second in a row (FY 2025)- 1 change of registered office in 24 monthsShow the evidence

Checked score

Score 2025
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 17% of its sector peers (NACE 28, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 48-9
equity 22.5% of total assets
Liquidity 22-10
short-term debt 72.7%
Profitability 9-23
return on assets -11.5%
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (974 companies)
Last 24 months 11-2024: 2.2% 12-2024: 2.8%▲ +27.4% vs 11-2024 01-2025: 4.9%▲ +76.3% vs 12-2024 02-2025: 4.9%● 0.0% vs 01-2025 03-2025: 5.2%▲ +6.6% vs 02-2025 04-2025: 4.8%▼ -8.6% vs 03-2025 05-2025: 0.9%▼ -80.3% vs 04-2025 06-2025: 0.9%▼ -3.5% vs 05-2025lowest value 07-2025: 1.1%▲ +18.9% vs 06-2025 08-2025: 1.6%▲ +47.7% vs 07-2025 09-2025: 1.8%▲ +13.9% vs 08-2025 10-2025: 2.5%▲ +39.6% vs 09-2025 11-2025: 1.4%▼ -45.6% vs 10-2025 12-2025: 1.4%● 0.0% vs 11-2025 01-2026: 1.4%● 0.0% vs 12-2025 02-2026: 1.4%● 0.0% vs 01-2026 03-2026: 1.4%● 0.0% vs 02-2026 04-2026: 1.3%▼ -2.2% vs 03-2026 05-2026: 1.3%▲ +0.2% vs 04-2026 06-2026: 1.3%▼ -0.8% vs 05-2026 07-2026: 1.3%▼ -2.3% vs 06-2026 08-2026: 2.2%▲ +67.7% vs 07-2026 09-2026: 4.4%▲ +101% vs 08-2026 10-2026: 6.2%▲ +42.1% vs 09-2026highest value
  • Liquidity: current ratio 1.16 raises the probability
  • Latest accounts 60 days late; 3 of the last 3 late raises the probability
  • Loss of €95,342, the second in a row (FY 2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.32 in 2024; short-term debt: 72.7% of total assets), and 77.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 28, micro). Better than this share of them on solvency 28%, liquidity 14%, profitability 13%, growth against the median 14%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 1.16
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 60 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Loss of €95,342, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€95,342
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 379 sector peers (2025).
NBB · sector comparison
Position among 379 sector peers
Solvency
better than 25%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
60 d late
2024
84 d late
2023
247 d late
2022
27 d late
2021
94 d late
2020
31 d late
2019
209 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 107 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 October (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Registered officeRegistered-office move
  3. Weakest financial yearnet -€95,342

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€95,342 View
  • Caution: Result fell in 2025from -€19,704 to -€95,342 ▼ 384% View
  • Caution: Among the weakest 11% on equitysector median €1.9m · 379 companies €186,849 View
  • Active since 1976founded 08-03-1976 50 years View

By topic

Financials

Fiscal year
2025
Total assets
€829,465
Loss
-€95,342
Solvency
22.5%
Total assets▼ 6.0%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 29-09-2026Annual accounts filed
  2. 24-08-2026Registered office
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28240
Founded
08-03-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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