V-SORT
ActiveSummary
V-SORT has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,217 and a net result of €1,189. Equity has been growing by about 35% per year since 2022. Its solvency ranks better than 14% of 2,073 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-01-2022 Normal situation
- Activity
- Support activities for crop production NACE 01610and 2 others
- Joint committees
- 145 Paritair Comité voor het tuinbouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2022
- Establishment unit
- 2.326.460.173 3381 Glabbeek, since 08-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €783,575
- ▲ 14.2%
- Turnover
- ≈ €2.0m
- estimated
- Profit
- €1,189
- ▼ 92.1%
- Equity
- €47,217
- ▲ 2.6%
- Total assets
- €534,558
- ▲ 9.5%
- Employees on 31-12-2025
- 25
- ▲ 317%
Score breakdownraises riskEquity €47,217 (8.8% of total assets)lowers riskSector: Crop and animal production, hunting and related service activities (NACE 01)Size: total assets €534,558Liquidity: current ratio 1.03, cash €130,256Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 23% of them on solvency, 24% on liquidity, 42% on profitability and 45% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 21 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 81% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 5 | 6 | 25 |
| full-time | 6 | 5 | 6 | 25 |
| part-time | - | 0 | 0 | 0 |
| in full-time equivalents | 6 | 5 | 6 | 25 |
| Average over the year, in full-time equivalents | 17.5 | 20.9 | 18.1 | 19.3 |
| On a permanent contract | 5 | 5 | 5 | 5 |
| Joined | 1,186 | 1,496 | 1,403 | 1,239 |
| Left | 1,180 | 1,497 | 1,402 | 1,220 |
| Training hours | - | 0 | 0 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €164,850 | - | €4,590 | - |
| Depreciation and write-downs of the year | €32,026 | €33,303 | €33,613 | €33,420 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €554,853 | €707,502 | €631,653 | €745,684 | ▲ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,026 | €33,303 | €33,613 | €33,420 | ▼ 0.6% |
| Other operating charges640/8 | €440 | €448 | €472 | €487 | ▲ 3.2% |
| Gross operating margin9900 | €586,387 | €771,110 | €686,359 | €783,575 | ▲ 14.2% |
| Operating profit (loss)9901 | -€932 | €29,857 | €20,620 | €3,983 | ▼ 80.7% |
| Financial income75/76B | €2,353 | €3,065 | €2,294 | €1,228 | ▼ 46.5% |
| Recurring financial income75 | €2,353 | €3,065 | €2,294 | €1,228 | ▼ 46.5% |
| Financial charges65/66B | - | €5,811 | €2,651 | €3,412 | ▲ 28.7% |
| Recurring financial charges65 | - | €5,811 | €2,651 | €3,412 | ▲ 28.7% |
| Profit (loss) for the period before taxes9903 | €1,421 | €27,111 | €20,264 | €1,799 | ▼ 91.1% |
| Income taxes67/77 | €284 | €7,193 | €5,290 | €610 | ▼ 88.5% |
| Profit (loss) for the period9904 | €1,137 | €19,917 | €14,974 | €1,189 | ▼ 92.1% |
| Profit (loss) for the period to be appropriated9905 | €1,137 | €19,917 | €14,974 | €1,189 | ▼ 92.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €521,020 | €545,806 | €488,145 | €534,558 | ▲ 9.5% |
| Fixed assets21/28 | €132,824 | €99,521 | €70,498 | €37,078 | ▼ 47.4% |
| Tangible fixed assets22/27 | €132,824 | €99,521 | €70,498 | €37,078 | ▼ 47.4% |
| Plant, machinery and equipment23 | €132,824 | €99,521 | €70,498 | €37,078 | ▼ 47.4% |
| Current assets29/58 | €388,196 | €446,286 | €417,647 | €497,480 | ▲ 19.1% |
| Stocks and contracts in progress3 | €66,707 | €45,970 | €78,556 | €42,050 | ▼ 46.5% |
| Stocks30/36 | €66,707 | €45,970 | €53,556 | €31,203 | ▼ 41.7% |
| Contracts in progress37 | - | - | €25,000 | €10,847 | ▼ 56.6% |
| Amounts receivable within one year40/41 | €261,790 | €337,533 | €262,881 | €304,306 | ▲ 15.8% |
| Trade receivables40 | €261,790 | €337,533 | €255,671 | €291,235 | ▲ 13.9% |
| Other amounts receivable41 | - | - | €7,210 | €13,071 | ▲ 81.3% |
| Cash at bank and in hand54/58 | €35,955 | €43,845 | €53,534 | €130,256 | ▲ 143% |
| Deferred charges and accrued income490/1 | €23,745 | €18,938 | €22,677 | €20,868 | ▼ 8.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €521,020 | €545,806 | €488,145 | €534,558 | ▲ 9.5% |
| Equity10/15 | €11,137 | €31,054 | €46,028 | €47,217 | ▲ 2.6% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €1,137 | €21,054 | €36,028 | €37,217 | ▲ 3.3% |
| Distributable reserves133 | €1,137 | €21,054 | €36,028 | €37,217 | ▲ 3.3% |
| Amounts payable17/49 | €509,884 | €514,752 | €442,117 | €487,340 | ▲ 10.2% |
| Amounts payable within one year42/48 | €509,884 | €509,033 | €440,374 | €483,065 | ▲ 9.7% |
| Trade debts44 | €113,052 | €69,470 | €65,025 | €31,531 | ▼ 51.5% |
| Suppliers440/4 | €113,052 | €69,470 | €65,025 | €31,531 | ▼ 51.5% |
| Taxes, remuneration and social security45 | €72,038 | €105,699 | €53,757 | €99,423 | ▲ 84.9% |
| Taxes450/3 | €45,227 | €68,062 | €23,821 | €55,879 | ▲ 135% |
| Remuneration and social security454/9 | €26,811 | €37,637 | €29,936 | €43,543 | ▲ 45.5% |
| Other amounts payable47/48 | €324,795 | €333,863 | €321,592 | €352,111 | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | €5,720 | €1,743 | €4,275 | ▲ 145% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,137 | €19,917 | €14,974 | €1,189 | ▼ 92.1% |
| + Depreciation and write-downs630 | €32,026 | €33,303 | €33,613 | €33,420 | ▼ 0.6% |
| Operating cash flow (approximation) | €33,163 | €53,221 | €48,587 | €34,609 | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | €0 | -€4,590 | €0 | - |
| Change in cash | - | €7,890 | €9,689 | €76,722 | ▲ 692% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,514 companies had the same profile as V-SORT has now. Two years later, 95.7% were still going and 2.4% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of V-SORT itself is lower: 0.1% within 12 months. It rests on far more data about V-SORT than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,514 companies, not a prediction for V-SORT. 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.
Filings with the National Bank (4)
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| VEULEMANS Peter |
|
| VEULEMANS Rudi |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal,duur,bevoegdheid”“Geheel bevoegdheden toegekend met mogelijkheid deel te delegeren, iedere bestuurder alleen mag alle handelingen voor voorwerp behalve wet of…”“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering beslist kosteloos of niet”
Articles of association, deed of 12-01-2022 (in Dutch)
Network & group
V-SORT shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of V-SORT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-01
Gazette deed
IncorporationAppointments: VEULEMANS Rudi (director) and VEULEMANS Peter (director) · Founder · Founding capital7 points ▸
- Incorporation, “V-SORT” (deed in Dutch)
- Founder, VEULEMANS Rudi
- Founder, VEULEMANS Peter
- Founding capital, €10,000
- Board rule, 2
- Director appointment, VEULEMANS Rudi (director (not named in the articles))
- Director appointment, VEULEMANS Peter (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- Het uitvoeren van land- en tuinbouwloonwerken, daarin begrepen alle bewerkingen van grond en aanplantingen strekkend tot het verbeteren, het betelen, het beschermen en het oogsten van de gewassen.
- Het sorteren van fruit
- Alle activiteiten die behoren tot het verzorgen van fruitteeltaanplantingen, het oogsten en in handel brengen van land- en tuinbouwproducten;
- Het voeren van groot- en kleinhandel in alle soorten fruit en fruitsappen, en dit zowel in het binnenland als in het buitenland.
- Het voeren van handel in aanverwante producten en diensten aangaande land- en tuinbouw hieraan verbonden zoals bemestings- en gewasbeschermingsproducten, waarbij eveneens import- en export.
- Import en export van alle soorten fruit en groenten.
- Het aankopen en beheren van een machinepark.
- Het verhuren van allerlei mogelijke land- en tuinbouwmachines.
- De vennootschap mag alle handelingen verrichten van financiële en commerciële aard, die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk met haar voorwerp in verband staan of die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken. Zij mag tevens alle onroerende goederen nodig tot uitbating aankopen, bouwen of in huur namen. Zij zal zich mogen interesseren, door middel van inbreng, versmelting, deelname of anderszins in alle bestaande of op te richten vennootschappen en ondernemingen, zowel in België als in het buitenland
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24047A0313/00T000 | Flanders | 188 m² | 1 · 174 m² | 5.1 m · 1 |