L&E VERVAEKE

Active

Private limited companyfounded 20206 yrs activeRue du Moulin (C) 12, 7760 Celles (lez-Tournai), BelgiumKBO/BCE: BE 0752.795.323

The computed 12-month bankruptcy probability of L&E VERVAEKE is 3.5% (moderate). The 2025 annual accounts show equity of €34k and a net result of €-2k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 4564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

54 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability42▼-44

Solvency93▲+4

Growth32=

Track record100

Bankruptcy probability, 12 months

3.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity ample (current ratio 2.48 against 2.34 in 2024; short-term debt: 31.8% and cash: 5.3% of total assets), and 31.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

68.2%

Return on assets

-4.1%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

7 d early

2024

29 d late

2023

6 d early

2022

4 d early

2021

4 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€34k▼ 5.7%

2024 · €37k

2021: €40k 2022: €48k 2023: €29k 2024: €37k

2021 → 2025

Total assets

€51k▼ 12.1%

2024 · €57k

2021: €62k 2022: €71k 2023: €66k 2024: €57k

2021 → 2025

Net result

€-2k

2024 · €8k

2021: €35k 2022: €7k 2023: €-19k 2024: €8k

2021 → 2025

Working capital

€24k▼ 15.3%

2024 · €28k

2021: €22k 2022: €29k 2023: €13k 2024: €28k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€40k-€48k▲ 18.5%€29k▼ 40.1%€37k▲ 27.6%€34k▼ 5.7%

Operating result€46k-€9k▼ 79.7%€-20k€9k€-3k

Net result€35k-€7k▼ 78.9%€-19k€8k€-2k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €3k after €9k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €51k

21.4%

78.6%

Fixed assets €11k▲ 25.3%

Current assets €40k▼ 18.7%

Equity and liabilities €51k

68.2%

31.8%

Equity €34k▼ 5.7%

Debt €16k▼ 23.3%

The debt ratio falls from 36.4% to 31.8%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€636▼

2024 · €16k

Cash flow

€1k▼

2024 · €15k

Solvency

68.2%▲

2024 · 63.6%

Current ratio

2.48▲

2024 · 2.34

Quick ratio

2.38▲

2024 · 2.19

Debt / equity

0.47▼

2024 · 0.57

ROE

-6.1%▼

2024 · 21.6%

ROA

-4.1%▼

2024 · 13.8%

Interest coverage

3.40▼

2024 · 79.21

Debt

€16k▼

2024 · €21k

Debt ≤ 1 year

€16k▼

2024 · €21k

Income taxes

€469▼

2024 · €2k

Staff costs

€48k▲

2024 · €39k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€57k€51k▼

Fixed assets21/28€9k€11k▲

Tangible fixed assets22/27€8k€10k▲

Plant, machinery and equipment23€3k€1k▼

Furniture and vehicles24€840€8k▲

Other tangible fixed assets26€4k€470▼

Financial fixed assets28€498€498=

Current assets29/58€49k€40k▼

Stocks and contracts in progress3€3k€2k▼

Stocks30/36€3k€2k▼

Amounts receivable within one year40/41€39k€33k▼

Trade receivables40€18k€16k▼

Other amounts receivable41€21k€18k▼

Cash at bank and in hand54/58€5k€3k▼

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€57k€51k▼

Equity10/15€37k€34k▼

Contributions10/11€5k€5k=

Reserves13€32k€29k▼

Distributable reserves133€32k€29k▼

Amounts payable17/49€21k€16k▼

Amounts payable within one year42/48€21k€16k▼

Trade debts44€9k€5k▼

Suppliers440/4€9k€5k▼

Taxes, remuneration and social security45€10k€8k▼

Taxes450/3€4k€3k▼

Remuneration and social security454/9€6k€5k▼

Other amounts payable47/48€2k€3k▲

Income statement Code20242025

Non-recurring operating income76A-€2k

Remuneration, social security and pensions62€39k€48k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼

Other operating charges640/8€8k€2k▼

Non-recurring operating charges66A-€2k

Gross operating margin9900€63k€52k▼

Operating profit (loss)9901€9k€-3k▼

Financial income75/76B€1k€1k▼

Recurring financial income75€1k€1k▼

Financial charges65/66B€201€187▼

Recurring financial charges65€201€187▼

Profit (loss) for the period before taxes9903€10k€-2k▼

Income taxes67/77€2k€469▼

Profit (loss) for the period9904€8k€-2k▼

Profit (loss) for the period to be appropriated9905€8k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€-2k▼

Transfer from equity791/2€0€2k▲

Transfer to equity691/2€8k€0▼

To other reserves6921€8k€0▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-19k ▼358%

Net result drops to €-19k, the lowest in the series; recovery starts the following year.

27-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

27-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Celles (lez-Tournai) · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Moulin (C) 127760 Celles (lez-Tournai)

Ground area

1.6 ha

Building footprint

338 m²

Volume, LiDAR

2,869 m³

Parcel 57018C0317/00L000, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

L&E VERVAEKE

Rue du Moulin (C) 12, 7760 Celles (lez-Tournai)Wholesale of live animals

since 20202.306.496.484

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57018C0317/00L000	Wallonia	1.6 ha	1 · 338 m²	11.6 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Sint-Jans-Molenbeek · Eq €34k

Oostrozebeke · Eq €34k

Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,670 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-08-2020

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:elois.vervaeke@hotmail.com

Enterprise