Summary
VERCALA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €174,845 and a net result of €47,183. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 5587 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
84 d early
2024
72 d early
2023
70 d early
2022
47 d early
2021
5 d early
2020
64 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€174,845▲ 37.0%
2024 · €127,662
Net result
€47,183▼ 28.8%
2024 · €66,250
Total assets
€216,198▲ 38.1%
2024 · €156,599
Solvency
80.9%▼ 0.6pp
2024 · 81.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€30,984▼ 37.3%€80,959▲ 161%€64,234▼ 20.7%€97,265▲ 51.4%€74,073▼ 23.8%
Net result€21,307within the sector's middle half▼ 42.2%€55,701within the sector's middle half▲ 161%€39,588within the sector's middle half▼ 28.9%€66,250within the sector's middle half▲ 67.3%€47,183within the sector's middle half▼ 28.8%
Equity€194,122within the sector's middle half▲ 12.3%€61,823within the sector's middle half▼ 68.2%€101,411below the sector's middle half▲ 64.0%€127,662below the sector's middle half▲ 25.9%€174,845within the sector's middle half▲ 37.0%
Total assets€207,617within the sector's middle half▲ 5.3%€279,039within the sector's middle half▲ 34.4%€121,516below the sector's middle half▼ 56.5%€156,599below the sector's middle half▲ 28.9%€216,198below the sector's middle half▲ 38.1%
Debt€13,495▼ 44.7%€217,217▲ 1,510%€20,105▼ 90.7%€28,938▲ 43.9%€41,354▲ 42.9%
Working capital€73,809within the sector's middle half▼ 57.2%-€108,101below the sector's middle half€93,690within the sector's middle half€117,621within the sector's middle half▲ 25.5%€101,226within the sector's middle half▼ 13.9%
Solvency93.5%above the sector's middle half▲ 5.9pp22.2%below the sector's middle half▼ 71.3pp83.5%above the sector's middle half▲ 61.3pp81.5%above the sector's middle half▼ 1.9pp80.9%above the sector's middle half▼ 0.6pp
Current ratio6.47above the sector's middle half▼ 1.620.50below the sector's middle half▼ 5.975.66above the sector's middle half▲ 5.165.06above the sector's middle half▼ 0.603.74above the sector's middle half▼ 1.33
Return on assets (ROA)10.3%within the sector's middle half▼ 8.4pp20.0%within the sector's middle half▲ 9.7pp32.6%above the sector's middle half▲ 12.6pp42.3%above the sector's middle half▲ 9.7pp21.8%above the sector's middle half▼ 20.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,198
Fixed assets
€77,969 ▲ 677%
Current assets
€138,229 ▼ 5.7%
Equity and liabilities €216,198
Equity
€174,845 ▲ 37.0%
Debt
€41,354 ▲ 42.9%
Debt's share of the balance-sheet total rises from 18.5% to 19.1%. Equity and debt are higher.
Key figures and ratios
ROE
27.0%▼
2024 · 51.9%
Debt ≤ 1 year
€37,004▲
2024 · €28,938
Debt > 1 year
€4,350
Income taxes
€24,475▼
2024 · €29,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €313 | €2,649 | €893 | €2,301 | €13,950 | ▲ 506% |
| Other operating charges640/8 | €885 | €841 | €704 | €780 | €2,492 | ▲ 219% |
| Gross operating margin9900 | €32,182 | €84,450 | €65,831 | €100,346 | €90,515 | ▼ 9.8% |
| Operating profit (loss)9901 | €30,984 | €80,959 | €64,234 | €97,265 | €74,073 | ▼ 23.8% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €1,206 | €764 | €2,229 | €1,967 | €2,415 | ▲ 22.8% |
| Recurring financial charges65 | €1,206 | €764 | €2,229 | €1,967 | €2,415 | ▲ 22.8% |
| Profit (loss) for the period before taxes9903 | €29,778 | €80,195 | €62,006 | €95,297 | €71,658 | ▼ 24.8% |
| Income taxes67/77 | €8,471 | €24,495 | €22,417 | €29,047 | €24,475 | ▼ 15.7% |
| Profit (loss) for the period9904 | €21,307 | €55,701 | €39,588 | €66,250 | €47,183 | ▼ 28.8% |
| Profit (loss) for the period to be appropriated9905 | €21,307 | €55,701 | €39,588 | €66,250 | €47,183 | ▼ 28.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207,617 | €279,039 | €121,516 | €156,599 | €216,198 | ▲ 38.1% |
| Fixed assets21/28 | €120,313 | €169,923 | €7,722 | €10,041 | €77,969 | ▲ 677% |
| Tangible fixed assets22/27 | €313 | €9,923 | €7,722 | €10,041 | €77,969 | ▲ 677% |
| Plant, machinery and equipment23 | - | €3,826 | €5,372 | €8,698 | €6,853 | ▼ 21.2% |
| Furniture and vehicles24 | €313 | €6,097 | €2,350 | €1,343 | €71,116 | ▲ 5,195% |
| Financial fixed assets28 | €120,000 | €160,000 | - | - | - | - |
| Current assets29/58 | €87,304 | €109,116 | €113,794 | €146,559 | €138,229 | ▼ 5.7% |
| Amounts receivable within one year40/41 | €23,237 | €22,276 | €18,595 | €27,971 | €28,573 | ▲ 2.2% |
| Trade receivables40 | €21,596 | €22,228 | €18,595 | €22,971 | €27,679 | ▲ 20.5% |
| Other amounts receivable41 | €1,641 | €48 | - | €5,000 | €894 | ▼ 82.1% |
| Cash at bank and in hand54/58 | €61,548 | €85,592 | €92,044 | €117,943 | €107,698 | ▼ 8.7% |
| Deferred charges and accrued income490/1 | €2,519 | €1,248 | €3,155 | €645 | €1,959 | ▲ 204% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207,617 | €279,039 | €121,516 | €156,599 | €216,198 | ▲ 38.1% |
| Equity10/15 | €194,122 | €61,823 | €101,411 | €127,662 | €174,845 | ▲ 37.0% |
| Contributions10/11 | €20,000 | €20,000 | €22,000 | €22,000 | €22,000 | = |
| Outside capital11 | - | €20,000 | - | - | - | - |
| Other1109/19 | - | €20,000 | - | - | - | - |
| Reserves13 | €174,122 | €41,823 | €79,411 | €105,662 | €152,845 | ▲ 44.7% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €172,122 | €39,823 | €79,411 | €105,662 | €152,845 | ▲ 44.7% |
| Amounts payable17/49 | €13,495 | €217,217 | €20,105 | €28,938 | €41,354 | ▲ 42.9% |
| Amounts payable after more than one year17 | - | - | - | - | €4,350 | - |
| Financial debts170/4 | - | - | - | - | €4,350 | - |
| Amounts payable within one year42/48 | €13,495 | €217,217 | €20,105 | €28,938 | €37,004 | ▲ 27.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12,606 | - |
| Trade debts44 | €5,033 | €5,277 | €6,146 | €3,275 | €4,428 | ▲ 35.2% |
| Suppliers440/4 | €5,033 | €5,277 | €6,146 | €3,275 | €4,428 | ▲ 35.2% |
| Taxes, remuneration and social security45 | €8,462 | €23,940 | €10,653 | €24,871 | €9,793 | ▼ 60.6% |
| Taxes450/3 | €8,462 | €23,940 | €10,653 | €24,871 | €9,793 | ▼ 60.6% |
| Other amounts payable47/48 | - | €188,000 | €3,306 | €793 | €10,176 | ▲ 1,184% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,307 | €55,701 | €39,588 | €66,250 | €47,183 | ▼ 28.8% |
| + Depreciation and write-downs630 | €313 | €2,649 | €893 | €2,301 | €13,950 | ▲ 506% |
| Operating cash flow (approximation) | €21,620 | €58,350 | €40,481 | €68,551 | €61,133 | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | -€52,260 | €161,309 | -€4,620 | -€81,879 | ▼ 1,672% |
| Change in cash | - | €24,044 | €6,452 | €25,899 | -€10,245 | ▼ 140% |
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
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €174,845 ▲37%
8 profitable years in a row build equity to €174,845.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
15-02
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
2023
31-12
Financial
Liquidity times 11current ratio 5.66
Current ratio from 0.50 to 5.66; short-term debt falls from €217,217 to €20,105.
31-12
Financial
Equity above €100,000Eq €101,411 ▲64%
6 profitable years in a row build equity to €101,411.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
23-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
2021
31-12
Financial
Weakest financial yearnet €21,307 ▼42.2%
Net result drops to €21,307, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Equity above €150,000Eq €172,816 ▲27.1%
3 profitable years in a row build equity to €172,816.
17-11
State Gazette act
General meeting · Director resignation
Director discharge · Board meeting
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €75,539 ▲86.8%
Operating result €104,342, net result €75,539, both a record.
31-12
Financial
Equity above €100,000Eq €135,973 ▲125%
2 profitable years in a row build equity to €135,973.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
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, Herenthout · 1 establishment unit since 2018
Ground area
2,342 m²
Building footprint
345 m²
Volume, LiDAR
1,707 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERCALA
since 20182.272.749.986
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012E0223/00M000 | Flanders | 1,395 m² | 1 · 195 m² | 6.0 m · 1 fl. |
| 13012E0223/00P000 | Flanders | 947 m² | 1 · 149 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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100%
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,454 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
Founded09-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689956644
Registered
17-10-2025
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.