VERCAMER MATHIAS
ActiveVERCAMER MATHIAS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €70k. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+22
Solvency42=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.98 in 2024; short-term debt: 37.2% and cash: 13.9% of total assets), and 83.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
5.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
1 d early
2022
13 d early
2021
9 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€206k▲ 10.7%
2024 · €186k
2018: €-30k
2019: €9k
2020: €68k
2021: €129k
2022: €131k
2023: €209k
2024: €186k
2018 → 2025
Total assets
€1.21M▲ 11.7%
2024 · €1.09M
2018: €154k
2019: €161k
2020: €435k
2021: €478k
2022: €1.10M
2023: €1.24M
2024: €1.09M
2018 → 2025
Net result
€70k
2024 · €-7k
2018: €30k
2019: €39k
2020: €84k
2021: €72k
2022: €11k
2023: €98k
2024: €-7k
2018 → 2025
Working capital
€-14k▼ 112%
2024 · €-7k
2018: €-45k
2019: €-3k
2020: €17k
2021: €83k
2022: €6k
2023: €27k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€131k▲ 1.1%€209k▲ 60.1%€186k▼ 11.1%€206k▲ 10.7%
Operating result€103k-€26k▼ 74.7%€167k▲ 541%€20k▼ 88.0%€129k▲ 542%
Net result€72k-€11k▼ 84.1%€98k▲ 758%€-7k€70k
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 recovers in 2025; 2025 is 542% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€777k▲ 2.3%
Current assets
€437k▲ 33.6%
Equity and liabilities €1.21M
Equity
€206k▲ 10.7%
Debt
€1.01M▲ 11.9%
The debt ratio rises from 82.9% to 83.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€248k▲
2024 · €132k
Cash flow
€189k▲
2024 · €104k
Solvency
16.9%▼
2024 · 17.1%
Current ratio
0.97▼
2024 · 0.98
Quick ratio
0.92▼
2024 · 0.93
Debt / equity
4.90▲
2024 · 4.85
ROE
33.9%▲
2024 · -3.9%
ROA
5.7%▲
2024 · -0.7%
Interest coverage
9.13▲
2024 · 4.27
Debt
€1.01M▲
2024 · €901k
Debt ≤ 1 year
€452k▲
2024 · €334k
Debt > 1 year
€557k▼
2024 · €567k
Income taxes
€33k▲
2024 · €-3k
Staff costs
€233k▲
2024 · €154k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.21M▲
Fixed assets21/28€760k€777k▲
Tangible fixed assets22/27€759k€776k▲
Land and buildings22€434k€422k▼
Plant, machinery and equipment23€123k€106k▼
Furniture and vehicles24€125k€168k▲
Leasing and similar rights25€77k€79k▲
Financial fixed assets28€1k€1k=
Current assets29/58€327k€437k▲
Stocks and contracts in progress3€15k€23k▲
Stocks30/36€15k€10k▼
Contracts in progress37-€13k
Amounts receivable within one year40/41€266k€226k▼
Trade receivables40€233k€182k▼
Other amounts receivable41€33k€44k▲
Cash at bank and in hand54/58€31k€168k▲
Deferred charges and accrued income490/1€15k€19k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.21M▲
Equity10/15€186k€206k▲
Contributions10/11€20k€20k=
Reserves13€166k€185k▲
Distributable reserves133€166k€185k▲
Profit (loss) carried forward14€464€1k▲
Amounts payable17/49€901k€1.01M▲
Amounts payable after more than one year17€567k€557k▼
Financial debts170/4€567k€557k▼
Amounts payable within one year42/48€334k€452k▲
Current portion of amounts payable after more than one year42€83k€85k▲
Trade debts44€238k€306k▲
Suppliers440/4€238k€306k▲
Taxes, remuneration and social security45€12k€42k▲
Taxes450/3€5k€37k▲
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€1,000€19k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€154k€233k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€119k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-8k-
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€27k€17k▼
Gross operating margin9900€311k€501k▲
Operating profit (loss)9901€20k€129k▲
Financial income75/76B€709€952▲
Recurring financial income75€709€952▲
Financial charges65/66B€31k€27k▼
Recurring financial charges65€31k€27k▼
Profit (loss) for the period before taxes9903€-10k€103k▲
Income taxes67/77€-3k€33k▲
Profit (loss) for the period9904€-7k€70k▲
Profit (loss) for the period to be appropriated9905€-7k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€70k▲
Profit (loss) brought forward from the previous period14P€1k€464▼
Transfer from equity791/2€23k€50k▲
Transfer to equity691/2-€69k
To other reserves6921-€69k
Profit to be distributed694/7€16k€50k▲
Return on contributions (dividend)694€16k€50k▲
Social balance
Average headcount (FTE)90872.33.0▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
30-09
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
30-09
Financial
Equity above €200kEq €206k ▲10.7%
Equity rises from €186k to €206k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-7k ▼107%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €98k ▲758%
Operating result €167k, net result €98k, both a record.
30-09
Financial
Equity above €200kEq €209k ▲60.1%
6 profitable years in a row build equity to €209k.
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €129k ▲91.2%
4 profitable years in a row build equity to €129k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 65 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Waregem · 1 establishment unit since 2009
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.
Gentseweg 6398793 WaregemGround area
259 m²
Building footprint
79 m²
Volume, LiDAR
512 m³
Parcel 34035A0196/00X002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vercamer Mathias
since 20092.181.517.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0196/00X002 | Flanders | 259 m² | 1 · 79 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 229 EUR awarded · 229 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 174 EUR | 174 EUR |
| 2024 | 1 | 55 EUR | 55 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,137 companies in sector 43910 we hold annual accounts for 5,487. 4,503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-2009
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
43910Bricklaying and masonry work
43994Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43992Specialised construction activities
71111Activities of building architects
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.