Equity
€3.4m ▲ 12.6%
Vercaro has made a profit in every financial year since 2012.
Vercaro
Lifetime
15 annual accounts with figures on one time axispeak €2.1m (2019)
-not published
peak €546,420 (2024)
€381,387▼ 6.5%
peak €3.4m (2026)
€3.4m▲ 12.6%
€4.5m▲ 25.2%
peak 42.9 FTE (2025)
38.8 FTE▼ 9.6%
Board3 names since 2016
1 directorRecrova
Owners
100%Recrova
Documentsfilings and deeds
29-10-20262 days before the deadline
2026financial year
Turnover from €33.8m to €40.9mStaff from 42.9 FTE to 38.8 FTEEquity from €3.0m to €3.4mDebts from €3.6m to €4.5mCash from €182,322 to €264,660
Key points
from the 2026 annual accountsChecked score
90
Excellent
Financially stronger than 51% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.3%▼ -0.1 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.2%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.80, cash €264,660
lowers risk
Founded in 2011
Profit of €381,387 (financial year 2026)
Figures for financial year 2026 (filed on 29-10-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 51% of them on solvency, 30% on liquidity, 44% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as Vercaro has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of Vercaro itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for Vercaro. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €300,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.8 (1.8 in 2025), above the usual 1.5. Short-term debt is 48.4% and cash 3.4% of total assets. However, 56.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
2 days early
2025
14 days early
2024
on the day
2023
31 days late
2022
27 days early
2021
16 days late
2020
44 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- Recrova 100%equity €1.9m (2025) · annual accounts 31-03-2026
- RECROVA BV consolidatesannual accounts 31-03-2026
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0833748058
3 managers resigning, 2 directors reappointed
Resignations: Vercauteren Herman, Vercauteren Dirk and Recrova · Reappointments: Vercauteren Dirk (director) and Recrova (director) · Permanent representative: Lauwrensens Franky · General meeting of 02-03-2023 · Gazette deed
Incorporation
published on 25-02-2011 · Gazette deed
First establishment
Kwatrechtsteenweg 109, Wetteren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vercaro Wetteren | €40.9m | 1.4% | 43.1% | 38.8 |
| MEATSERVICE DISTRIBUTION Namur | €43.4m | 3.3% | 27.7% | 22.2 |
| SLICING PACKING FUN & MANY MORE La Roche-en-Ardenne | €37.3m | 1.8% | 15.8% | 71.8 |
| CHARLES DISTRIBUTIE Wommelgem | €46.0m | 1.2% | 20.1% | 22.4 |
| DEBROUX Sambreville | €22.9m | 7.0% | 72.1% | 18 |
| Vaes Zonhoven | €26.7m | 3.0% | 63.9% | 12 |
| FRESH CONCEPT Charleroi | €22.2m | 1.9% | 15.5% | 44.3 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Vercaro: wholesale of meat and meat products, excluding game and poultry (NACE 46321). They are comparable in size and age: total assets between €7.9m and €14m, founded between 2000 and 2015.
Official details
Source: KBO- Status
- Active since 15-02-2011Normal situation
- Activity
- Wholesale of meat and meat products, excluding game and poultryNACE 46321and 5 others
- Joint committees
- 119Food trade
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2026
- Establishment unit
- 2.197.327.9349230 Wetteren, since 15-02-2011
- Financial year end
- 31 March
- Peppol
- Reachable since 04-12-2025
Annual accounts to 31-03-2026
- €7.9m▲ 19.4%
- Employeeson 31-03-2026
- 44▼ 10.2%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on Vercaro
Vercaro has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3.4m and a net result of €381,387.
Equity has been growing by about 15% per year since 2019. Its solvency ranks better than 46% of 443 sector peers (NACE 46, financial year 2026).
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Vercaro
- What is the company number of Vercaro?
- The company number of Vercaro is 0833.748.058. The VAT number is the same number with BE in front: BE 0833.748.058.
- Where is Vercaro based?
- The registered office is at Kwatrechtsteenweg 109, 9230 Wetteren.Company details
- What does Vercaro do?
- According to the KBO register, the main activity is wholesale of meat and meat products, excluding game and poultry (NACE 46321).
- What is the legal form of Vercaro?
- Vercaro is a private limited company (BV).
- When was Vercaro founded?
- Vercaro was founded on 15-02-2011.
- Is Vercaro still active?
- Yes, Vercaro is an active enterprise in the KBO register.
- How many employees does Vercaro have?
- Vercaro had an average of 38.8 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does Vercaro fall under?
- In its 31-03-2026 annual accounts, Vercaro states joint committees 119 (Food trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Vercaro?
- The turnover of Vercaro was €40.9m in financial year 2026, according to the filed annual accounts.
- Is Vercaro profitable?
- In financial year 2026, Vercaro made a profit of €381,387.
- Where can I find the annual accounts of Vercaro?
- Vercaro filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Vercaro due?
- Vercaro must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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