VERCHA
Dissolved and wound up on 25-02-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-02-2026 at the NBB all 3 filings
Turnover
≈ €140,000
Estimated: probably between €84,000 and €250,000
Total assets
€46,572▼ 11.6%
2024 · €52,677
Net result
€22,396▼ 10.1%
2024 · €24,924
Working capital
€24,919
2024 · -€17,196
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€33,417
▲ 10.7%
2025
20232025
Net result
€22,396
▼ 10.1%
2025
20232025
Equity
€24,919
▲ 888%
2025
20232025
Total assets
€46,572
▼ 11.6%
2025
20232025
Debt
€21,654
▼ 56.8%
2025
20232025
Working capital
€24,919
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€21,229-€30,199▲ 42.3%€33,417▲ 10.7%
Net result€16,316-€24,924▲ 52.8%€22,396▼ 10.1%
Equity€4,599-€2,523▼ 45.1%€24,919▲ 888%
Total assets€92,618-€52,677▼ 43.1%€46,572▼ 11.6%
Debt€88,019-€50,155▼ 43.0%€21,654▼ 56.8%
Working capital-€16,538--€17,196▼ 4.0%€24,919
The operating result for 2025 is 11% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €46,572
Equity
€24,919 ▲ 888%
Debt
€21,654 ▼ 56.8%
Debt's share of the balance-sheet total falls from 95.2% to 46.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.15▲
2024 · 0.66
Debt to equity
0.87▼
2024 · 19.88
ROE
89.9%▼
2024 · 988.0%
ROA
48.1%▲
2024 · 47.3%
Debt ≤ 1 year
€21,654▼
2024 · €50,155
Income taxes
€10,850▲
2024 · €5,251
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €3,017 | €5,270 | - |
| Depreciation and write-downs of the year | €6,400 | €6,689 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,400 | €6,689 | - | - |
| Other operating charges640/8 | €384 | €387 | €1,475 | ▲ 281% |
| Gross operating margin9900 | €28,014 | €37,275 | €34,892 | ▼ 6.4% |
| Operating profit (loss)9901 | €21,229 | €30,199 | €33,417 | ▲ 10.7% |
| Financial income75/76B | €67 | €60 | €0 | ▼ 99.9% |
| Recurring financial income75 | €67 | €60 | €0 | ▼ 99.9% |
| Financial charges65/66B | €45 | €84 | €171 | ▲ 103% |
| Recurring financial charges65 | €45 | €84 | €171 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | €21,251 | €30,175 | €33,246 | ▲ 10.2% |
| Income taxes67/77 | €4,935 | €5,251 | €10,850 | ▲ 107% |
| Profit (loss) for the period9904 | €16,316 | €24,924 | €22,396 | ▼ 10.1% |
| Profit (loss) for the period to be appropriated9905 | €16,316 | €24,924 | €22,396 | ▼ 10.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €92,618 | €52,677 | €46,572 | ▼ 11.6% |
| Fixed assets21/28 | €21,137 | €19,719 | - | - |
| Tangible fixed assets22/27 | €21,137 | €19,719 | - | - |
| Plant, machinery and equipment23 | €621 | - | - | - |
| Furniture and vehicles24 | €20,517 | €18,061 | - | - |
| Other tangible fixed assets26 | - | €1,658 | - | - |
| Current assets29/58 | €71,481 | €32,958 | €46,572 | ▲ 41.3% |
| Amounts receivable within one year40/41 | €27,606 | €6,021 | €34,130 | ▲ 467% |
| Trade receivables40 | €26,934 | €4,189 | €31,038 | ▲ 641% |
| Other amounts receivable41 | €672 | €1,832 | €3,092 | ▲ 68.8% |
| Cash at bank and in hand54/58 | €34,705 | €17,560 | €10,990 | ▼ 37.4% |
| Deferred charges and accrued income490/1 | €9,170 | €9,377 | €1,453 | ▼ 84.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €92,618 | €52,677 | €46,572 | ▼ 11.6% |
| Equity10/15 | €4,599 | €2,523 | €24,919 | ▲ 888% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | €22,396 | - |
| Distributable reserves133 | - | - | €22,396 | - |
| Profit (loss) carried forward14 | €2,099 | €23 | €23 | = |
| Amounts payable17/49 | €88,019 | €50,155 | €21,654 | ▼ 56.8% |
| Amounts payable within one year42/48 | €88,019 | €50,155 | €21,654 | ▼ 56.8% |
| Trade debts44 | - | €538 | - | - |
| Suppliers440/4 | - | €538 | - | - |
| Taxes, remuneration and social security45 | €6,638 | €5,454 | €8,426 | ▲ 54.5% |
| Taxes450/3 | €6,638 | €5,454 | €8,426 | ▲ 54.5% |
| Other amounts payable47/48 | €81,381 | €44,163 | €13,228 | ▼ 70.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,316 | €24,924 | €22,396 | ▼ 10.1% |
| + Depreciation and write-downs630 | €6,400 | €6,689 | - | - |
| Operating cash flow (approximation) | €22,716 | €31,612 | €22,396 | ▼ 29.2% |
| Investment in fixed assets (approximation) | - | -€5,270 | - | - |
| Change in cash | - | -€17,145 | -€6,570 | ▲ 61.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.