Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 7 filings
Equity
€34,127▲ 37.1%
2024 · €24,887
Net result
€65,527▼ 11.3%
2024 · €73,893
Total assets
€58,042▼ 61.9%
2024 · €152,170
Solvency
58.8%▲ 42.4pp
2024 · 16.4%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 4% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Operating result€83,238
2025
Net result€65,527
2025
Total assets€58,042
2025
Equity€34,127
2025
Debt€23,914
2025
Working capital€26,122
2025
Return on assets (ROA)112.9%
2025
Solvency58.8%
2025
Current ratio2.11
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€104,310-€89,986▼ 13.7%€95,331▲ 5.9%€99,519▲ 4.4%€91,957▼ 7.6%€86,499▼ 5.9%€83,238▼ 3.8%
Net result€80,460-€70,097above the sector's middle half▼ 12.9%€74,572above the sector's middle half▲ 6.4%€77,526above the sector's middle half▲ 4.0%€74,739within the sector's middle half▼ 3.6%€73,893within the sector's middle half▼ 1.1%€65,527within the sector's middle half▼ 11.3%
Equity€86,660-€156,757within the sector's middle half▲ 80.9%€243,729within the sector's middle half▲ 55.5%€321,255within the sector's middle half▲ 31.8%€145,994within the sector's middle half▼ 54.6%€24,887below the sector's middle half▼ 83.0%€34,127below the sector's middle half▲ 37.1%
Total assets€115,042-€174,839within the sector's middle half▲ 52.0%€254,892within the sector's middle half▲ 45.8%€338,380within the sector's middle half▲ 32.8%€407,626within the sector's middle half▲ 20.5%€152,170within the sector's middle half▼ 62.7%€58,042below the sector's middle half▼ 61.9%
Debt€28,382-€18,082▼ 36.3%€11,163▼ 38.3%€17,125▲ 53.4%€261,632▲ 15×€127,284▼ 51.4%€23,914▼ 81.2%
Working capital€86,724-€153,618above the sector's middle half▲ 77.1%€239,883above the sector's middle half▲ 56.2%€317,842above the sector's middle half▲ 32.5%€129,415within the sector's middle half▼ 59.3%€13,624within the sector's middle half▼ 89.5%€26,122within the sector's middle half▲ 91.7%
Solvency75.3%-89.7%above the sector's middle half▲ 14.3pp95.6%above the sector's middle half▲ 6.0pp94.9%above the sector's middle half▼ 0.7pp35.8%within the sector's middle half▼ 59.1pp16.4%below the sector's middle half▼ 19.5pp58.8%within the sector's middle half▲ 42.4pp
Current ratio4.16-9.89above the sector's middle half▲ 5.7323.43above the sector's middle half▲ 13.5419.87above the sector's middle half▼ 3.561.50within the sector's middle half▼ 18.381.11within the sector's middle half▼ 0.392.11within the sector's middle half▲ 1.00
Return on assets (ROA)69.9%-40.1%above the sector's middle half▼ 29.8pp29.3%above the sector's middle half▼ 10.8pp22.9%within the sector's middle half▼ 6.3pp18.3%within the sector's middle half▼ 4.6pp48.6%above the sector's middle half▲ 30.2pp112.9%above the sector's middle half▲ 64.3pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,042
Fixed assets
€8,298 ▼ 28.4%
Current assets
€49,743 ▼ 64.6%
Equity and liabilities €58,042
Equity
€34,127 ▲ 37.1%
Debt
€23,914 ▼ 81.2%
Debt's share of the balance-sheet total falls from 83.6% to 41.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
192.0%▼
2024 · 296.9%
Debt ≤ 1 year
€23,621▼
2024 · €126,964
Income taxes
€20,295▼
2024 · €20,715
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,881 | €1,189 | €17,840 | - | €1,912 |
| Depreciation and write-downs of the year | €1,501 | €1,807 | €4,286 | €5,669 | €5,196 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as VERBAT: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €53,900 and €72,900, founded between 2017 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| VERBAT Heist-op-den-Berg | 2018 | €58,042 | €34,127 | €88,703 | €65,527 | 2025 |
| trabalabra Antwerpen | 2017 | €66,795 | €53,545 | €86,493 | €60,606 | 2025 |
| EA CONSULT Antwerpen | 2019 | €72,928 | €18,000 | €88,178 | €54,705 | 2025 |
| Dierenartsenpraktijk Artis Diepenbeek | 2018 | €56,297 | €7,984 | €90,772 | €2,279 | 2025 |
| LELO BRANDS Deerlijk | 2018 | €53,875 | €2,224 | €86,500 | €57,960 | 2025 |
| Aurealis Harelbeke | 2019 | €66,433 | €55,913 | €91,913 | €27,507 | 2025 |
| Isa Herent | 2017 | €69,200 | €18,600 | €95,294 | €58,555 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €672 | €821 | €1,501 | €1,807 | €4,286 | €5,669 | €5,196 | ▼ 8.3% |
| Other operating charges640/8 | - | - | €462 | €102 | €437 | €261 | €269 | ▲ 3.0% |
| Gross operating margin9900 | €105,490 | €91,264 | €97,295 | €101,429 | €96,680 | €92,429 | €88,703 | ▼ 4.0% |
| Operating profit (loss)9901 | €104,310 | €89,986 | €95,331 | €99,519 | €91,957 | €86,499 | €83,238 | ▼ 3.8% |
| Financial income75/76B | - | - | - | €41 | €3,885 | €8,542 | €2,990 | ▼ 65.0% |
| Recurring financial income75 | €60 | €0 | - | €41 | €3,885 | €8,542 | €2,990 | ▼ 65.0% |
| Financial charges65/66B | - | - | €486 | €377 | €533 | €434 | €407 | ▼ 6.2% |
| Recurring financial charges65 | €961 | €809 | €486 | €377 | €533 | €434 | €407 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €103,409 | €89,177 | €94,845 | €99,184 | €95,309 | €94,608 | €85,822 | ▼ 9.3% |
| Income taxes67/77 | €22,949 | €19,080 | €20,273 | €21,658 | €20,570 | €20,715 | €20,295 | ▼ 2.0% |
| Profit (loss) for the period9904 | €80,460 | €70,097 | €74,572 | €77,526 | €74,739 | €73,893 | €65,527 | ▼ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €80,460 | €70,097 | €74,572 | €77,526 | €74,739 | €73,893 | €65,527 | ▼ 11.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €115,042 | €174,839 | €254,892 | €338,380 | €407,626 | €152,170 | €58,042 | ▼ 61.9% |
| Fixed assets21/28 | €840 | €3,936 | €4,316 | €3,697 | €17,251 | €11,582 | €8,298 | ▼ 28.4% |
| Tangible fixed assets22/27 | €840 | €3,936 | €4,316 | €3,697 | €17,251 | €11,582 | €8,298 | ▼ 28.4% |
| Furniture and vehicles24 | - | - | €4,316 | €3,697 | €17,251 | €11,582 | €8,298 | ▼ 28.4% |
| Current assets29/58 | €114,202 | €170,903 | €250,577 | €334,683 | €390,374 | €140,588 | €49,743 | ▼ 64.6% |
| Amounts receivable within one year40/41 | €14,049 | €15,886 | €17,772 | €25,315 | €13,175 | €16,151 | €15,704 | ▼ 2.8% |
| Trade receivables40 | - | - | €15,044 | €21,961 | €12,580 | €13,709 | €13,257 | ▼ 3.3% |
| Other amounts receivable41 | - | - | €2,727 | €3,354 | €595 | €2,442 | €2,447 | ▲ 0.2% |
| Current investments50/53 | - | - | - | €250,000 | €325,000 | €75,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €99,627 | €154,945 | €232,210 | €58,616 | €51,620 | €48,829 | €33,730 | ▼ 30.9% |
| Deferred charges and accrued income490/1 | - | - | €595 | €752 | €579 | €608 | €310 | ▼ 49.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €115,042 | €174,839 | €254,892 | €338,380 | €407,626 | €152,170 | €58,042 | ▼ 61.9% |
| Equity10/15 | €86,660 | €156,757 | €243,729 | €321,255 | €145,994 | €24,887 | €34,127 | ▲ 37.1% |
| Contributions10/11 | €6,200 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €80,460 | €150,557 | €225,129 | €302,655 | €127,394 | €6,287 | €15,527 | ▲ 147% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €223,269 | €300,795 | €127,394 | €6,287 | €15,527 | ▲ 147% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €28,382 | €18,082 | €11,163 | €17,125 | €261,632 | €127,284 | €23,914 | ▼ 81.2% |
| Amounts payable within one year42/48 | €27,478 | €17,285 | €10,694 | €16,841 | €260,959 | €126,964 | €23,621 | ▼ 81.4% |
| Trade debts44 | €529 | €1,148 | €959 | €2,553 | €1,070 | €271 | €1,453 | ▲ 435% |
| Suppliers440/4 | - | - | €959 | €2,553 | €1,070 | €271 | €1,453 | ▲ 435% |
| Taxes, remuneration and social security45 | - | - | €4,136 | €5,935 | €4,614 | €6,175 | €10,312 | ▲ 67.0% |
| Taxes450/3 | - | - | €2,060 | €3,843 | €1,760 | €3,510 | €7,892 | ▲ 125% |
| Remuneration and social security454/9 | - | - | €2,076 | €2,092 | €2,854 | €2,665 | €2,420 | ▼ 9.2% |
| Other amounts payable47/48 | - | - | €5,599 | €8,353 | €255,275 | €120,518 | €11,856 | ▼ 90.2% |
| Accrued charges and deferred income492/3 | - | - | €469 | €284 | €672 | €320 | €293 | ▼ 8.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,460 | €70,097 | €74,572 | €77,526 | €74,739 | €73,893 | €65,527 | ▼ 11.3% |
| + Depreciation and write-downs630 | €672 | €821 | €1,501 | €1,807 | €4,286 | €5,669 | €5,196 | ▼ 8.3% |
| Operating cash flow (approximation) | €81,132 | €70,918 | €76,074 | €79,333 | €79,025 | €79,562 | €70,723 | ▼ 11.1% |
| Investment in fixed assets (approximation) | - | -€3,917 | -€1,881 | -€1,189 | -€17,840 | €0 | -€1,912 | - |
| Change in cash | - | €55,318 | €77,265 | -€173,594 | -€6,996 | -€2,791 | -€15,099 | ▼ 441% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00259659 | NBB |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00224553 | |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00254638 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00176216 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20118910 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-39500161 | |
| 31-12-2019 | micro format | 24-06-2020 | 2020-20900130 |