VERCARO
ActiveVERCARO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.28M and a net result of €320k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 1721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+56
Solvency45▲+10
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.01 in 2024), and 71.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
28.2%
Return on assets
7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 17-10-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
on the day
2023
35 d late
2022
27 d early
2021
15 d late
2020
44 d late
2019
8 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.28M▲ 33.3%
2024 · €960k
2019: €560k
2020: €641k
2021: €728k
2022: €787k
2023: €876k
2024: €960k
2019 → 2025
Total assets
€4.54M▲ 13.2%
2024 · €4.01M
2019: €3.55M
2020: €3.84M
2021: €3.98M
2022: €4.00M
2023: €4.13M
2024: €4.01M
2019 → 2025
Net result
€320k▲ 280%
2024 · €84k
2019: €96k
2020: €81k
2021: €87k
2022: €59k
2023: €89k
2024: €84k
2019 → 2025
Working capital
€131k▲ 687%
2024 · €17k
2019: €18k
2020: €-170k
2021: €-140k
2022: €-140k
2023: €-66k
2024: €17k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€728k-€787k▲ 8.1%€876k▲ 11.3%€960k▲ 9.6%€1.28M▲ 33.3%
Operating result€153k-€121k▼ 20.7%€164k▲ 35.2%€179k▲ 8.9%€491k▲ 175%
Net result€87k-€59k▼ 32.6%€89k▲ 51.5%€84k▼ 5.4%€320k▲ 280%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 175% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.54M
Fixed assets
€2.22M▲ 11.9%
Current assets
€2.32M▲ 14.4%
Equity and liabilities €4.54M
Equity
€1.28M▲ 33.3%
Provisions
€6k=
Debt
€3.26M▲ 6.9%
The debt ratio falls from 75.9% to 71.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€640k▲
2024 · €315k
Cash flow
€469k▲
2024 · €220k
Solvency
28.2%▲
2024 · 23.9%
Current ratio
1.06▲
2024 · 1.01
Quick ratio
0.33▼
2024 · 0.34
Debt / equity
2.54▼
2024 · 3.17
ROE
25.0%▲
2024 · 8.8%
ROA
7.0%▲
2024 · 2.1%
Interest coverage
8.76▲
2024 · 4.66
Debt
€3.26M▲
2024 · €3.05M
Debt ≤ 1 year
€2.19M▲
2024 · €2.01M
Debt > 1 year
€1.04M▲
2024 · €982k
Income taxes
€98k▲
2024 · €27k
Staff costs
€124k▼
2024 · €126k
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€4.01M€4.54M▲
Formation expenses20€0-
Fixed assets21/28€1.98M€2.22M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.98M€2.22M▲
Land and buildings22€1.92M€2.05M▲
Plant, machinery and equipment23€8k€17k▲
Furniture and vehicles24€55k€45k▼
Assets under construction and advance payments27€0€110k▲
Financial fixed assets28€50€50=
Current assets29/58€2.03M€2.32M▲
Stocks and contracts in progress3€1.35M€1.60M▲
Stocks30/36€1.35M€1.60M▲
Amounts receivable within one year40/41€459k€469k▲
Trade receivables40€405k€428k▲
Other amounts receivable41€54k€41k▼
Cash at bank and in hand54/58€59k€72k▲
Deferred charges and accrued income490/1€164k€180k▲
Equity and liabilities
Total equity and liabilities10/49€4.01M€4.54M▲
Equity10/15€960k€1.28M▲
Contributions10/11€405k€405k=
Capital10€405k€405k=
Issued capital100€405k€405k=
Reserves13€173k€173k=
Non-distributable reserves130/1€41k€41k=
Legal reserve130€41k€41k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14€382k€702k▲
Provisions and deferred taxes16€6k€6k=
Provisions for liabilities and charges160/5€6k€6k=
Other liabilities and charges164/5€6k€6k=
Amounts payable17/49€3.05M€3.26M▲
Amounts payable after more than one year17€982k€1.04M▲
Financial debts170/4€982k€1.04M▲
Amounts payable within one year42/48€2.01M€2.19M▲
Current portion of amounts payable after more than one year42€146k€172k▲
Financial debts43€630k€650k▲
Credit institutions430/8€0-
Other loans439€630k€650k▲
Trade debts44€225k€327k▲
Suppliers440/4€225k€327k▲
Taxes, remuneration and social security45€31k€99k▲
Taxes450/3€6k€78k▲
Remuneration and social security454/9€26k€21k▼
Other amounts payable47/48€983k€945k▼
Accrued charges and deferred income492/3€51k€20k▼
Income statement
Code20242025
Non-recurring operating income76A€0€1k▲
Remuneration, social security and pensions62€126k€124k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€149k▲
Other operating charges640/8€46k€57k▲
Gross operating margin9900€486k€821k▲
Operating profit (loss)9901€179k€491k▲
Financial income75/76B€2€2▼
Recurring financial income75€2€2▼
Financial charges65/66B€67k€73k▲
Recurring financial charges65€67k€73k▲
Profit (loss) for the period before taxes9903€111k€418k▲
Income taxes67/77€27k€98k▲
Profit (loss) for the period9904€84k€320k▲
Profit (loss) for the period to be appropriated9905€84k€320k▲
Appropriation of the result
Profit (loss) to be appropriated9906€382k€702k▲
Profit (loss) brought forward from the previous period14P€298k€382k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90872.22.1▼
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
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €320k ▲280%
Operating result €491k, net result €320k, both a record.
31-03
Financial
Equity above €1MEq €1.28M ▲33.3%
7 profitable years in a row build equity to €1.28M.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 35 days late
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet €59k ▼32.6%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 8 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Wetteren · 1 establishment unit since 1986
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.
Kwatrechtsteenweg 1099230 WetterenGround area
1.1 ha
Building footprint
3,642 m²
Volume, LiDAR
15,521 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mellesteenweg 69, 9230 Wetteren
since 19862.033.514.631
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0745/00M002 | Flanders | 8,655 m² | 1 · 3,424 m² | 10.6 m · 2 fl. |
| 42025B0102/00K000 | Flanders | 1,896 m² | 1 · 218 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 4 entries · 40,418 EUR awarded · 40,418 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,134 EUR | 9,134 EUR |
| 2024 | 1 | 11,298 EUR | 11,298 EUR |
| 2023 | 1 | 13,834 EUR | 13,834 EUR |
| 2022 | 1 | 6,152 EUR | 6,152 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWetteren2.033.514.631
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Of 1,262 companies in sector 01420 we hold annual accounts for 138. 85 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-11-1986
Fiscal year end31-03
Activities, NACEBEL
01420Raising of other cattle and buffaloes
46321Wholesale of meat and meat products, excluding game and poultry
51321
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.