NEW VERLAC
ActiveNEW VERLAC has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €-83k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 37% of 115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-5
Solvency38▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 0.64 in 2024; short-term debt: 14.9% and cash: 4% of total assets), but 86.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Sector 20
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
13.4%
Return on assets
-12.6%
Age of the figures
15 mo
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-83k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
135 d early
2022
85 d early
2021
on the day
2020
52 d early
2019
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€713k
EBIT margin
-4.2%
Net result
€-83k▼ 113%
2024 · €-39k
2019: €6k
2020: €-32k
2021: €-10k
2022: €19k
2023: €24k
2024: €-39k
2019 → 2025
Working capital
€90k
2024 · €-169k
2019: €-56k
2020: €-76k
2021: €-77k
2022: €-108k
2023: €-89k
2024: €-169k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€195k-€205k▲ 5.2%€223k▲ 8.9%€178k▼ 20.3%€89k▼ 50.2%
Operating result€-13k-€13k€24k▲ 87.0%€-42k€-82k▼ 93.2%
Net result€-10k-€19k€24k▲ 30.1%€-39k€-83k▼ 113%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €82k in 2025 against €42k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661k
Fixed assets
€473k▼ 19.1%
Current assets
€188k▼ 37.1%
Equity and liabilities €661k
Equity
€89k▼ 50.2%
Debt
€573k▼ 18.9%
The debt ratio rises from 79.9% to 86.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €23k
Cash flow
€39k▲
2024 · €26k
Solvency
13.4%▼
2024 · 20.1%
Current ratio
1.91▲
2024 · 0.64
Quick ratio
1.32▲
2024 · 0.46
Debt / equity
6.46▲
2024 · 3.97
ROE
-93.8%▼
2024 · -22.0%
ROA
-12.6%▼
2024 · -4.4%
Interest coverage
5.33▲
2024 · 4.64
Debt
€573k▼
2024 · €706k
Debt ≤ 1 year
€98k▼
2024 · €468k
Debt > 1 year
€474k▲
2024 · €238k
Staff costs
€272k▼
2024 · €275k
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€884k€661k▼
Fixed assets21/28€585k€473k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€581k€468k▼
Land and buildings22€183k€179k▼
Plant, machinery and equipment23€352k€259k▼
Furniture and vehicles24€47k€31k▼
Financial fixed assets28€4k€5k▲
Current assets29/58€299k€188k▼
Stocks and contracts in progress3€83k€58k▼
Stocks30/36€83k€58k▼
Amounts receivable within one year40/41€182k€104k▼
Trade receivables40€181k€103k▼
Other amounts receivable41€449€877▲
Cash at bank and in hand54/58€31k€26k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€884k€661k▼
Equity10/15€178k€89k▼
Contributions10/11€109k€109k=
Capital10€109k€109k=
Issued capital100€109k€109k=
Reserves13€53k€53k=
Non-distributable reserves130/1€11k€11k=
Legal reserve130€11k€11k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-7k€-90k▼
Investment grants15€23k€17k▼
Amounts payable17/49€706k€573k▼
Amounts payable after more than one year17€238k€474k▲
Other amounts payable178/9€238k€474k▲
Amounts payable within one year42/48€468k€98k▼
Current portion of amounts payable after more than one year42€22k-
Trade debts44€116k€35k▼
Suppliers440/4€116k€35k▼
Taxes, remuneration and social security45€45k€47k▲
Taxes450/3€10k€23k▲
Remuneration and social security454/9€35k€24k▼
Other amounts payable47/48€285k€16k▼
Income statement
Code20242025
Non-recurring operating income76A€55-
Remuneration, social security and pensions62€275k€272k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€122k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€9k€16k▲
Gross operating margin9900€307k€333k▲
Operating profit (loss)9901€-42k€-82k▼
Financial income75/76B€8k€6k▼
Recurring financial income75€8k€6k▼
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€-39k€-83k▼
Profit (loss) for the period9904€-39k€-83k▼
Profit (loss) for the period to be appropriated9905€-39k€-83k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-90k▼
Profit (loss) brought forward from the previous period14P€32k€-7k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 1.91
Current ratio from 0.64 to 1.91; short-term debt falls from €468k to €98k.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €24k ▲30.1%
Operating result €24k, net result €24k, both a record.
2022
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
30-06
Financial
Equity above €200kEq €205k ▲5.2%
Equity rises from €195k to €205k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Liège · 1 establishment unit since 2012
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 Xhovémont 784000 LiègeGround area
1.0 ha
Building footprint
706 m²
Volume, LiDAR
3,383 m³
2 parcels, Wallonia · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Expansion 15, 4432 Ans
since 20122.207.518.476
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0294/00A006 | Wallonia | 7,770 m² | 1 · 329 m² | 6.7 m · 1 fl. |
| 62818E0134/00E003 | Wallonia | 2,725 m² | 1 · 377 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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DIJMEX BELGIE
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isocraft
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Injection Test
BE 0737.987.282
Oupeye · Eq €68k
GeNi*us
BE 0843.832.890
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Of 139 companies in sector 20160 we hold annual accounts for 95. 29 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-02-2012
Fiscal year end30-06
Activities, NACEBEL
20160Manufacture of chemicals and chemical products
17210Manufacture of paper and paper products
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.