TRANSPORT VERELST

Active

Private limited companyfounded 200619 yrs activeKlein Boom 15, 2580 Putte, BelgiumKBO/BCE: BE 0885.598.716

The computed 12-month bankruptcy probability of TRANSPORT VERELST is 1.8% (moderate). The 2024 annual accounts show negative equity (€-29k) and a net result of €-169k. Equity is shrinking by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 1850 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

25 / 100

Weak

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

Axes · tick = 2023

Profitability0▼-14

Solvency20▼-30

Growth22=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.67 against 1.03 in 2023; short-term debt: 97.2% and cash: 1.2% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+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 →

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 2024

Solvency, return and age of the figures

Solvency

-5.2%

Return on assets

-30.1%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-29k

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

49 d late

2023

20 d early

2022

27 d early

2021

33 d early

2020

30 d early

2019

18 d early

← before the deadline after the 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 2024, abbreviated schema

Turnover

€1.33M▼ 23.1%

2019 · €1.73M

2018: €1.95M 2019: €1.73M

2018 → 2020

EBIT margin

3.6%▲ 3.0pp

2019 · 0.6%

2018: 0.6% 2019: 0.6%

2018 → 2020

Net result

€-169k▼ 512%

2023 · €-28k

2018: €5k 2019: €2k 2020: €33k 2021: €5k 2022: €-223k 2023: €-28k

2018 → 2024

Working capital

€-180k

2023 · €13k

2018: €321k 2019: €329k 2020: €366k 2021: €383k 2022: €112k 2023: €13k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€1.33M-

Equity€385k-€390k▲ 1.2%€167k▼ 57.1%€140k▼ 16.5%€-29k

Operating result€48k-€6k▼ 86.8%€-219k€-27k▲ 87.5%€-199k▼ 625%

Net result€33k-€5k▼ 86.2%€-223k€-28k▲ 87.6%€-169k▼ 512%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €199k in 2024 against €27k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €562k

34.8%

65.2%

Fixed assets €195k▲ 53.5%

Current assets €367k▼ 13.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-143k▼

2023 · €3k

Cash flow

€-113k▼

2023 · €3k

Solvency

-5.2%▼

2023 · 25.3%

Current ratio

0.67▼

2023 · 1.03

Quick ratio

0.67▼

2023 · 1.03

Debt / equity

-20.08▼

2023 · 2.96

ROA

-30.1%▼

2023 · -5.0%

Interest coverage

-7.88▼

2023 · 0.23

Debt

€592k▲

2023 · €413k

Debt ≤ 1 year

€547k▲

2023 · €412k

Debt > 1 year

€45k

Income taxes

€-48k▼

2023 · €-12k

Staff costs

€601k▼

2023 · €615k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€553k€562k▲

Fixed assets21/28€127k€195k▲

Tangible fixed assets22/27€127k€194k▲

Furniture and vehicles24€127k€117k▼

Leasing and similar rights25-€77k

Financial fixed assets28€540€2k▲

Current assets29/58€425k€367k▼

Amounts receivable within one year40/41€409k€346k▼

Trade receivables40€283k€268k▼

Other amounts receivable41€126k€78k▼

Cash at bank and in hand54/58€3k€7k▲

Deferred charges and accrued income490/1€13k€14k▲

Equity and liabilities

Total equity and liabilities10/49€553k€562k▲

Equity10/15€140k€-29k▼

Contributions10/11€6k€6k=

Reserves13€133k€15k▼

Tax-exempt reserves132€15k€15k=

Distributable reserves133€118k-

Profit (loss) carried forward14-€-51k

Amounts payable17/49€413k€592k▲

Amounts payable after more than one year17-€45k

Financial debts170/4-€45k

Amounts payable within one year42/48€412k€547k▲

Current portion of amounts payable after more than one year42-€20k

Trade debts44€336k€439k▲

Suppliers440/4€336k€439k▲

Taxes, remuneration and social security45€76k€88k▲

Taxes450/3€9k€10k▲

Remuneration and social security454/9€67k€78k▲

Accrued charges and deferred income492/3€825€14▼

Income statement Code20232024

Non-recurring operating income76A€60k-

Remuneration, social security and pensions62€615k€601k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€56k▲

Other operating charges640/8€3k€12k▲

Gross operating margin9900€621k€470k▼

Operating profit (loss)9901€-27k€-199k▼

Financial income75/76B€442€214▼

Recurring financial income75€442€214▼

Financial charges65/66B€12k€18k▲

Recurring financial charges65€12k€18k▲

Profit (loss) for the period before taxes9903€-39k€-217k▼

Income taxes67/77€-12k€-48k▼

Profit (loss) for the period9904€-28k€-169k▼

Transfer from tax-exempt reserves789€35k-

Transfer to tax-exempt reserves689€15k-

Profit (loss) for the period to be appropriated9905€-8k€-169k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-8k€-169k▼

Transfer from equity791/2€8k€118k▲

Social balance

Average headcount (FTE)90878.68.8▲

The notes to these accounts (12 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 12Financial 2Filings 10

2025

18-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 49 days late

2024

11-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

04-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €-223k ▼5003%

Net result drops to €-223k, the lowest in the series; recovery starts the following year.

28-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

01-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €33k ▲1988%

Operating result €48k, net result €33k, both a record.

13-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 29 days late

2018

21-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 21 days late

2017

11-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

05-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

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

Directors · office · real estate

Directors

14 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, Putte · 1 establishment unit since 2006

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.

Klein Boom 152580 Putte

Ground area

2.2 ha

Building footprint

1.4 ha

Volume, LiDAR

98,450 m³