Equity
€11.2m ▲ 30.0%
Vervaeke Fibers has made a profit in every financial year since 2014.
Vervaeke Fibers
Lifetime
12 annual accounts with figures on one time axispeak €1.4m (2024)
€1.0m▼ 27.6%
peak €2.8m (2024)
€2.6m▼ 8.9%
peak €11.2m (2025)
€11.2m▲ 30.0%
€3.3m▲ 112%
peak 1 FTE (2020)
1 FTEunchanged
Board2 names since 2020
2 directors and 1 other
Documentsfilings and deeds
06-07-202625 days before the deadline
2025abbreviated format
Gross margin from €1.4m to €1.0mEquity from €8.6m to €11.2mDebts from €1.6m to €3.3mInvestments €4.2mCash from €790,547 to €1.4m
Key points
from the 2025 annual accountsInvestments
€1.9m 13.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 117800.3% higher than in 2024.
Liquidity
2.66 was 9.10 in 2024
Short-term debts rose from €781,859 to €2.8m.
Filings
12 annual accounts since 2014
Three of the last ten came late. The 2017 accounts came latest: 31 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 11-05-2026 · 1 in office.
Position in the sector
€2.6m
Higher net result than 95% of companies in textiles. Sector median €37,884 · 254 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 34,691 companies had the same profile as Vervaeke Fibers has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,691 companies, not a prediction for Vervaeke Fibers. 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
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Signals
Recent changes
Company renamed from LAGACO to Vervaeke Fibers
Registered office moved from Ghent to Wielsbeke · New registered office: Rijksweg 442 B3, 8710 Wielsbeke · Previous registered office: Vogelheide 20, 9052 Gent · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0521832383
First establishment
Vervaeke Fibre, Abelestraat 10, Izegem
Merger: LAGACO takes over LAGAST FASHION
Resignation: (manager) · Reappointment: (manager) · “De nijverheid voor het bereiden van alle soorten vezels; De groothandel in,en de fabricatie van alle soorten…” (deed in Dutch) · General meeting of 27-04-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vervaeke Fibers Wielsbeke | €14.5m | €1.0m | 77.2% | 1 |
| ZARGAL Ostend | €5.9m | €0.7m | 46.0% | 2 |
| Vlas Verwerkings Bedrijf Vermeersch Dentergem | €13.7m | - | 88.2% | 1.1 |
| BELO VELVETS Anzegem | €2.7m | €0.3m | 53.6% | 3.6 |
| BALINCO Wielsbeke | €4.0m | €1.3m | 46.2% | 7.3 |
| VANYTEX Ingelmunster | €9.5m | €2.0m | 86.2% | - |
| C-RM INDUSTRIES Izegem | €1.8m | €0.3m | 77.0% | 0 |
These companies have the same main activity as Vervaeke Fibers: manufacture of textiles (NACE 13100). They are comparable in size and age: total assets between €1.8m and €14m, founded between 2001 and 2018.
Official details
Source: KBO- Status
- Active since 06-03-2013Normal situation
- Activity
- Manufacture of textilesNACE 13100and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.385.171.4048870 Izegem, since 01-02-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €1.8mestimated
- €14.5m▲ 42.5%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on Vervaeke Fibers
Vervaeke Fibers files the abbreviated format. That format states no turnover. The gross margin rose from €206,322 in 2014 to €1.0m in 2025.
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 Vervaeke Fibers
- What is the company number of Vervaeke Fibers?
- The company number of Vervaeke Fibers is 0521.832.383. The VAT number is the same number with BE in front: BE 0521.832.383.
- Where is Vervaeke Fibers based?
- The registered office is at Rijksweg 442, 8710 Wielsbeke.Company details
- What does Vervaeke Fibers do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13100).
- What is the legal form of Vervaeke Fibers?
- Vervaeke Fibers is a private limited company (BV).
- When was Vervaeke Fibers founded?
- Vervaeke Fibers was founded on 06-03-2013.
- Is Vervaeke Fibers still active?
- Yes, Vervaeke Fibers is an active enterprise in the KBO register.
- How many employees does Vervaeke Fibers have?
- Vervaeke Fibers had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Vervaeke Fibers fall under?
- In its 2025 annual accounts, Vervaeke Fibers states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Vervaeke Fibers?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €1.0m and 1,585 comparable companies of the same size. It probably lies between €1.2m and €2.9m. It is a rough estimate. In financial year 2021 turnover was €517,568.
- Is Vervaeke Fibers profitable?
- In financial year 2025, Vervaeke Fibers made a profit of €2.6m.
- Where can I find the annual accounts of Vervaeke Fibers?
- Vervaeke Fibers filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vervaeke Fibers due?
- Vervaeke Fibers must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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