Le Véritable
ActiveSummary
The computed 12-month bankruptcy probability of Le Véritable is 1.7% (moderate). The 2025 annual accounts show equity of €37,704 and a net result of €9,142. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 51% of 18537 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+66
Solvency61▼-1
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 0.93 in 2024; short-term debt: 64.5% and cash: 10.7% of total assets), and 64.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
8.6%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
21232425
2021 to 2025 · latest year €37,704
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-02-2026, 64 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
64 d early
2024
6 d early
2023
25 d early
2022
on the day
2021
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€37,704▲ 32.0%
2024 · €28,562
Total assets
€106,109▲ 38.5%
2024 · €76,625
Net result
€9,142
2024 · -€5,679
Working capital
€4,996
2024 · -€2,949
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202320242025
Operating result€27,377-€2,327--€3,764€13,640
Net result€23,629--€889--€5,679▼ 539%€9,142
Equity€36,629-€34,242-€28,562▼ 16.6%€37,704▲ 32.0%
Total assets€73,705-€74,394-€76,625▲ 3.0%€106,109▲ 38.5%
Debt€37,076-€40,152-€48,063▲ 19.7%€68,405▲ 42.3%
Working capital€20,757-€14,097--€2,949€4,996
Staff (FTE)1-2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,640 after a loss of €3,764 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,109
Fixed assets
€32,708 ▼ 9.3%
Current assets
€73,401 ▲ 80.9%
Equity and liabilities €106,109
Equity
€37,704 ▲ 32.0%
Debt
€68,405 ▲ 42.3%
Debt's share of the balance-sheet total rises from 62.7% to 64.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23,316▲
2024 · €1,241
Cash flow
€18,818▲
2024 · -€674
Current ratio
1.07▲
2024 · 0.93
Quick ratio
0.31▲
2024 · 0.12
Debt to equity
1.81▲
2024 · 1.68
ROE
24.2%▲
2024 · -19.9%
ROA
8.6%▲
2024 · -7.4%
Interest coverage
10.28▲
2024 · 0.59
Debt ≤ 1 year
€68,405▲
2024 · €43,518
Income taxes
€2,232
Staff costs
€45,321▲
2024 · €34,734
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €106,779 | - | - | - | - |
| Remuneration, social security and pensions62 | €23,906 | €21,802 | €34,734 | €45,321 | ▲ 30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,092 | €3,031 | €5,005 | €9,676 | ▲ 93.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,386 | - | - | - | - |
| Other operating charges640/8 | €235 | €753 | €1,096 | €1,607 | ▲ 46.6% |
| Gross operating margin9900 | €53,996 | €27,913 | €37,071 | €70,244 | ▲ 89.5% |
| Operating profit (loss)9901 | €27,377 | €2,327 | -€3,764 | €13,640 | ▲ 462% |
| Financial income75/76B | €3 | - | €175 | €3 | ▼ 98.3% |
| Recurring financial income75 | €3 | - | €175 | €3 | ▼ 98.3% |
| Financial charges65/66B | €1,697 | €3,056 | €2,090 | €2,269 | ▲ 8.6% |
| Recurring financial charges65 | €1,697 | €3,056 | €2,090 | €2,269 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €25,683 | -€729 | -€5,679 | €11,374 | ▲ 300% |
| Income taxes67/77 | €2,054 | €160 | - | €2,232 | - |
| Profit (loss) for the period9904 | €23,629 | -€889 | -€5,679 | €9,142 | ▲ 261% |
| Profit (loss) for the period to be appropriated9905 | €23,629 | -€889 | -€5,679 | €9,142 | ▲ 261% |
| Line | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €73,705 | €74,394 | €76,625 | €106,109 | ▲ 38.5% |
| Formation expenses20 | €11,500 | - | - | - | - |
| Fixed assets21/28 | €16,074 | €26,319 | €36,056 | €32,708 | ▼ 9.3% |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €16,074 | €26,319 | €36,056 | €32,708 | ▼ 9.3% |
| Plant, machinery and equipment23 | - | €1,154 | €1,995 | €1,376 | ▼ 31.0% |
| Furniture and vehicles24 | €16,074 | €20,748 | €30,080 | €26,216 | ▼ 12.8% |
| Other tangible fixed assets26 | - | €4,417 | €3,981 | €5,116 | ▲ 28.5% |
| Current assets29/58 | €46,131 | €48,075 | €40,569 | €73,401 | ▲ 80.9% |
| Amounts receivable after more than one year29 | - | - | - | €500 | - |
| Trade receivables290 | - | - | - | €500 | - |
| Stocks and contracts in progress3 | €29,453 | €38,661 | €35,413 | €51,865 | ▲ 46.5% |
| Stocks30/36 | €29,453 | €38,661 | €35,413 | €51,865 | ▲ 46.5% |
| Amounts receivable within one year40/41 | €1,770 | €3,659 | €1,928 | €5,895 | ▲ 206% |
| Trade receivables40 | €1,770 | €3,659 | €1,618 | €5,891 | ▲ 264% |
| Other amounts receivable41 | - | - | €310 | €4 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €13,896 | €4,775 | €1,844 | €11,310 | ▲ 513% |
| Deferred charges and accrued income490/1 | €1,012 | €980 | €1,384 | €3,831 | ▲ 177% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €73,705 | €74,394 | €76,625 | €106,109 | ▲ 38.5% |
| Equity10/15 | €36,629 | €34,242 | €28,562 | €37,704 | ▲ 32.0% |
| Contributions10/11 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €18,629 | €16,242 | €10,562 | €19,704 | ▲ 86.6% |
| Amounts payable17/49 | €37,076 | €40,152 | €48,063 | €68,405 | ▲ 42.3% |
| Amounts payable after more than one year17 | €11,702 | €6,174 | €4,545 | - | - |
| Financial debts170/4 | €11,702 | €6,174 | €4,545 | - | - |
| Amounts payable within one year42/48 | €25,374 | €33,978 | €43,518 | €68,405 | ▲ 57.2% |
| Current portion of amounts payable after more than one year42 | €10,661 | €3,824 | €5,022 | €2,608 | ▼ 48.1% |
| Trade debts44 | €9,123 | €12,536 | €8,076 | €21,178 | ▲ 162% |
| Suppliers440/4 | €9,123 | €12,536 | €8,076 | €21,178 | ▲ 162% |
| Taxes, remuneration and social security45 | €5,590 | €7,343 | €6,022 | €19,093 | ▲ 217% |
| Taxes450/3 | €5,590 | €5,128 | €1,256 | €9,433 | ▲ 651% |
| Remuneration and social security454/9 | - | €2,215 | €4,766 | €9,660 | ▲ 103% |
| Other amounts payable47/48 | - | €10,275 | €24,398 | €25,526 | ▲ 4.6% |
| Line | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,629 | -€889 | -€5,679 | €9,142 | ▲ 261% |
| + Depreciation and write-downs630 | €1,092 | €3,031 | €5,005 | €9,676 | ▲ 93.3% |
| Operating cash flow (approximation) | €24,721 | €2,142 | -€674 | €18,818 | ▲ 2,892% |
| Investment in fixed assets (approximation) | - | - | -€14,742 | -€6,328 | ▲ 57.1% |
| Change in cash | - | - | -€2,931 | €9,466 | ▲ 423% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €9,142
Net result €9,142 after 2 loss-making years.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€5,679
Net result drops to -€5,679, the lowest in the series; recovery starts the following year.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Hélécine · 1 establishment unit since 2020
Ground area
1,676 m²
Building footprint
437 m²
Volume, LiDAR
368 m³
2 parcels, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le Véritable
since 20202.302.735.458
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25057F0029/00V000 | Wallonia | 1,332 m² | 1 · 55 m² | 7.6 m · 2 fl. |
| 25057F0029/00T000 | Wallonia | 344 m² | 1 · 382 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 732 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2020
Fiscal year end30-09
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746645226
Registered
17-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.