VERBICO
ActiveSummary
VERBICO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €380,571 and a net result of -€12,416. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 172 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability15▼-52
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
short-term debt: 0.2% and cash: 13.1% of total assets, and 14.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
85.8%
Return on assets
-2.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
6 d early
2022
32 d early
2021
23 d early
2020
29 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€51,909
EBIT margin
30.5%
Net result
-€12,416▼ 173%
2023 · -€4,553
Working capital
€213,692▼ 21.2%
2023 · €271,027
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 50, Water transport, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€24,628-€38,012▼ 54.3%-€34,172▲ 10.1%-€4,080▲ 88.1%-€12,563▼ 208%
Net result-€25,066below the sector's middle half-€38,814below the sector's middle half▼ 54.8%-€34,730below the sector's middle half▲ 10.5%-€4,553within the sector's middle half▲ 86.9%-€12,416below the sector's middle half▼ 173%
EBIT margin
Equity€471,085above the sector's middle half▼ 5.1%€432,271above the sector's middle half▼ 8.2%€397,541above the sector's middle half▼ 8.0%€392,987above the sector's middle half▼ 1.1%€380,571above the sector's middle half▼ 3.2%
Total assets€506,217within the sector's middle half▼ 3.7%€490,854within the sector's middle half▼ 3.0%€431,660within the sector's middle half▼ 12.1%€439,017within the sector's middle half▲ 1.7%€443,416within the sector's middle half▲ 1.0%
Debt€35,131▲ 20.1%€58,583▲ 66.8%€34,119▼ 41.8%€46,030▲ 34.9%€62,845▲ 36.5%
Working capital€260,555above the sector's middle half▲ 3.7%€272,360above the sector's middle half▲ 4.5%€240,108above the sector's middle half▼ 11.8%€271,027above the sector's middle half▲ 12.9%€213,692above the sector's middle half▼ 21.2%
Solvency93.1%above the sector's middle half▼ 1.4pp88.1%above the sector's middle half▼ 5.0pp92.1%above the sector's middle half▲ 4.0pp89.5%above the sector's middle half▼ 2.6pp85.8%above the sector's middle half▼ 3.7pp
Current ratio77.34above the sector's middle half98.15above the sector's middle half▲ 20.81
Return on assets (ROA)-5.0%below the sector's middle half▼ 6.4pp-7.9%below the sector's middle half▼ 3.0pp-8.0%below the sector's middle half▼ 0.1pp-1.0%within the sector's middle half▲ 7.0pp-2.8%within the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 50, Water transport, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,563 in 2024 against €4,080 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €443,416
Fixed assets
€229,057 ▲ 38.7%
Current assets
€214,359 ▼ 21.7%
Equity and liabilities €443,416
Equity
€380,571 ▼ 3.2%
Debt
€62,845 ▲ 36.5%
Debt's share of the balance-sheet total rises from 10.5% to 14.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,721▼
2023 · €4,700
Cash flow
-€3,574▼
2023 · €4,227
Debt to equity
0.17▲
2023 · 0.12
ROE
-3.3%▼
2023 · -1.2%
Interest coverage
-71.28▼
2023 · 61.69
Debt ≤ 1 year
€667▼
2023 · €2,790
Income taxes
-€199▼
2023 · €398
A ratio outside any meaningful range has been withheld (balance sheet total €443,416, equity €380,571).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,857 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,105 | €31,301 | €26,406 | €8,780 | €8,843 | ▲ 0.7% |
| Other operating charges640/8 | - | €5,569 | €4,880 | €4,759 | €4,661 | ▼ 2.1% |
| Non-recurring operating charges66A | - | - | - | €2,529 | - | - |
| Gross operating margin9900 | €12,305 | -€1,142 | -€2,885 | €11,989 | €940 | ▼ 92.2% |
| Operating profit (loss)9901 | -€24,628 | -€38,012 | -€34,172 | -€4,080 | -€12,563 | ▼ 208% |
| Financial income75/76B | - | €0 | - | €1 | - | - |
| Recurring financial income75 | - | €0 | - | €1 | - | - |
| Financial charges65/66B | - | €106 | €76 | €76 | €52 | ▼ 31.5% |
| Recurring financial charges65 | €133 | €106 | €76 | €76 | €52 | ▼ 31.5% |
| Profit (loss) for the period before taxes9903 | -€24,760 | -€38,119 | -€34,248 | -€4,155 | -€12,616 | ▼ 204% |
| Income taxes67/77 | €306 | €696 | €483 | €398 | -€199 | ▼ 150% |
| Profit (loss) for the period9904 | -€25,066 | -€38,814 | -€34,730 | -€4,553 | -€12,416 | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | -€25,066 | -€38,814 | -€34,730 | -€4,553 | -€12,416 | ▼ 173% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €506,217 | €490,854 | €431,660 | €439,017 | €443,416 | ▲ 1.0% |
| Fixed assets21/28 | €245,132 | €216,391 | €188,406 | €165,200 | €229,057 | ▲ 38.7% |
| Tangible fixed assets22/27 | €240,137 | €211,236 | €188,230 | €164,823 | €155,981 | ▼ 5.4% |
| Land and buildings22 | - | €187,491 | €173,485 | €164,823 | €155,981 | ▼ 5.4% |
| Furniture and vehicles24 | - | €23,744 | €14,745 | - | - | - |
| Financial fixed assets28 | €4,995 | €5,155 | €177 | €377 | €73,077 | ▲ 19,301% |
| Current assets29/58 | €261,084 | €274,463 | €243,254 | €273,817 | €214,359 | ▼ 21.7% |
| Amounts receivable within one year40/41 | €1,394 | - | - | - | - | - |
| Current investments50/53 | €128,515 | €150,393 | €124,887 | €137,153 | €156,091 | ▲ 13.8% |
| Cash at bank and in hand54/58 | €129,977 | €122,842 | €117,060 | €136,664 | €58,065 | ▼ 57.5% |
| Deferred charges and accrued income490/1 | - | €1,228 | €1,307 | - | €203 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €506,217 | €490,854 | €431,660 | €439,017 | €443,416 | ▲ 1.0% |
| Equity10/15 | €471,085 | €432,271 | €397,541 | €392,987 | €380,571 | ▼ 3.2% |
| Contributions10/11 | - | €270,000 | €270,000 | €270,000 | €270,000 | = |
| Reserves13 | €191,075 | €162,271 | €127,541 | €122,987 | €111,000 | ▼ 9.7% |
| Non-distributable reserves130/1 | - | €16,075 | €16,075 | - | - | - |
| Reserves not available under the articles1311 | - | €16,075 | €16,075 | - | - | - |
| Distributable reserves133 | - | €146,196 | €111,466 | €122,987 | €111,000 | ▼ 9.7% |
| Profit (loss) carried forward14 | €10,010 | - | - | - | -€429 | - |
| Amounts payable17/49 | €35,131 | €58,583 | €34,119 | €46,030 | €62,845 | ▲ 36.5% |
| Amounts payable within one year42/48 | €529 | €2,103 | €3,145 | €2,790 | €667 | ▼ 76.1% |
| Trade debts44 | €83 | €867 | €1,933 | €1,866 | €210 | ▼ 88.7% |
| Suppliers440/4 | - | €867 | €1,933 | €1,866 | €210 | ▼ 88.7% |
| Taxes, remuneration and social security45 | - | €1,194 | €1,170 | €881 | €199 | ▼ 77.4% |
| Taxes450/3 | - | €1,194 | €1,170 | €881 | €199 | ▼ 77.4% |
| Other amounts payable47/48 | - | €43 | €43 | €43 | €258 | ▲ 507% |
| Accrued charges and deferred income492/3 | - | €56,480 | €30,974 | €43,240 | €62,178 | ▲ 43.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,066 | -€38,814 | -€34,730 | -€4,553 | -€12,416 | ▼ 173% |
| + Depreciation and write-downs630 | €32,105 | €31,301 | €26,406 | €8,780 | €8,843 | ▲ 0.7% |
| Operating cash flow (approximation) | €7,039 | -€7,513 | -€8,324 | €4,227 | -€3,574 | ▼ 185% |
| Investment in fixed assets (approximation) | - | -€2,560 | €1,579 | €14,426 | -€72,700 | ▼ 604% |
| Change in cash | - | -€7,135 | -€5,782 | €19,604 | -€78,599 | ▼ 501% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 321.37
Current ratio from 98.15 to 321.37; short-term debt falls from €2,790 to €667.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€38,814
Net result drops to -€38,814, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 6current ratio 493.20
Current ratio from 84.39 to 493.20; short-term debt falls from €3,013 to €529.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
20-05
State Gazette act
Board meeting · Director resignation
Director appointment · Board composition
2019
10-10
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
28-06
State Gazette act
General meeting · Director resignation
Director discharge · Director reappointment
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-12
State Gazette act
Board meeting · Director resignation
Director appointment · Board composition
06-07
State Gazette act
General meeting · Director discharge
Director reappointment · Mandate compensation
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
State Gazette act
General meeting · Director discharge
Director resignation · Director appointment
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
03-06
State Gazette act
General meeting · Director discharge
Director resignation · Director appointment
2014
22-05
State Gazette act
General meeting · Director resignation
Director reappointment · Mandate compensation
2013
19-06
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2012
31-08
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
14-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
14-03
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2011
03-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
17-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2010
28-12
State Gazette act
General meeting · Statutes amendment
Director resignation · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Mortsel · 1 establishment unit since 1987
Ground area
718 m²
Building footprint
153 m²
Volume, LiDAR
894 m³
Parcel 11029A0001/00E005, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERBICO
since 19872.030.399.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0001/00E005 | Flanders | 718 m² | 1 · 153 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
17 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
2 locations
1 location
Recognitions · licences · registrations
Legal Entity Identifier
96760017FR4EUZCOKJ91
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Of 3,783 companies in sector 50200 we hold annual accounts for 2,192. 1,839 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-1986
Fiscal year end31-12
Activities, NACEBEL 2025
50200Water transport
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428438904
Also
9925:BE0428438904
Registered
14-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.