VERAGH
InactiveVERAGH was declared bankrupt on 10-09-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 24-06-2025, published in the Belgian State Gazette on 03-07-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-09-2022, 36 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
36 d late
2020
46 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€59k
EBIT margin
99.5%
Net result
€58k
2020 · €-27k
2018: €3k
2019: €4k
2020: €-27k
2018 → 2021
Working capital
€46k
2020 · €-17k
2018: €2k
2019: €8k
2020: €-17k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€59k
Equity€7k-€10k▲ 55.6%€-17k€46k
Operating result€4k-€4k▲ 21.5%€-27k€58k
Net result€3k-€4k▲ 19.0%€-27k€58k
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 2021: €58k after a loss of €27k in 2020, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €55k
Equity
€46k
Debt
€9k
Debt finances 16.6% of the balance-sheet total.
Key figures and ratios
Current ratio
6.02▲
2020 · 0.75
Quick ratio
5.64▲
2020 · 0.75
Debt to equity
0.20
ROE
126.6%
ROA
105.6%▲
2020 · -52.5%
Debt ≤ 1 year
€9k▼
2020 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 30 lines
Balance sheet
Code20202021
Assets
Total assets20/58€51k€55k▲
Current assets29/58€51k€55k▲
Stocks and contracts in progress3-€4k
Stocks30/36-€4k
Amounts receivable within one year40/41€51k€20k▼
Trade receivables40-€20k
Cash at bank and in hand54/58€527€31k▲
Equity and liabilities
Total equity and liabilities10/49€51k€55k▲
Equity10/15€-17k€46k▲
Contributions10/11€14k€19k▲
Capital10-€19k
Issued capital100-€19k
Profit (loss) carried forward14€-31k€28k▲
Amounts payable17/49€68k€9k▼
Amounts payable within one year42/48€68k€9k▼
Trade debts44€52k-
Taxes, remuneration and social security45-€9k
Taxes450/3-€9k
Income statement
Code20202021
Turnover70-€59k
Non-recurring operating income76A-€13k
Goods, raw materials, services and sundry goods60/61-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Gross operating margin9900€-24k€58k▲
Operating profit (loss)9901€-27k€58k▲
Recurring financial charges65€123-
Profit (loss) for the period before taxes9903€-27k€58k▲
Profit (loss) for the period9904€-27k€58k▲
Profit (loss) for the period to be appropriated9905€-27k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€28k
Profit (loss) brought forward from the previous period14P-€-31k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · VERAGH BV NINOOFSESTEENWEG 124, 1700 DILBEEK · event 24-06-2025
2024
16-09
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · VERAGH BV NINOOFSE- STEENWEG 124, 1700 DILBEEK · event 10-09-2024
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 36 days late
2021
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
31-12
Financial
Liquidity times 8current ratio 6.02
Current ratio from 0.75 to 6.02; short-term debt falls from €68k to €9k.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
31-12
Financial
Weakest financial yearnet €-27k ▼839%
Net result drops to €-27k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-79 B23, 1020 BRUSSEL 2 |
10-09-2024 → 24-06-2025 |