VERCO
ActiveVERCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €21k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 76% of 253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-4
Solvency87▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 4.69 in 2024; short-term debt: 38% and cash: 72.5% of total assets), and 38% 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 79
Relative position
BE, all sectors
reference
Sector 79
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
62%
Return on assets
11.2%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
on the day
2022
3 d early
2021
61 d late
2020
7 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€116k▲ 22.1%
2024 · €95k
2018: €52k
2019: €57k
2020: €58k
2021: €59k
2022: €101k
2023: €78k
2024: €95k
2018 → 2025
Total assets
€187k▲ 55.0%
2024 · €121k
2018: €73k
2019: €61k
2020: €149k
2021: €106k
2022: €144k
2023: €107k
2024: €121k
2018 → 2025
Net result
€21k▲ 19.5%
2024 · €18k
2018: €3k
2019: €5k
2020: €377
2021: €1k
2022: €42k
2023: €-23k
2024: €18k
2018 → 2025
Working capital
€116k▲ 22.2%
2024 · €95k
2018: €51k
2019: €56k
2020: €57k
2021: €58k
2022: €99k
2023: €77k
2024: €95k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€101k▲ 71.2%€78k▼ 23.0%€95k▲ 21.5%€116k▲ 22.1%
Operating result€3k-€44k▲ 1,655%€-22k€18k€28k▲ 54.0%
Net result€1k-€42k▲ 2,782%€-23k€18k€21k▲ 19.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €187k
Equity
€116k▲ 22.1%
Debt
€71k▲ 176%
The debt ratio rises from 21.3% to 38.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €19k
Cash flow
€21k▲
2024 · €18k
Solvency
62.0%▼
2024 · 78.7%
Current ratio
2.63▼
2024 · 4.69
Quick ratio
2.63▼
2024 · 4.69
Debt / equity
0.61▲
2024 · 0.27
ROE
18.1%▼
2024 · 18.5%
ROA
11.2%▼
2024 · 14.6%
Interest coverage
116.08▲
2024 · 46.29
Debt
€71k▲
2024 · €26k
Debt ≤ 1 year
€71k▲
2024 · €26k
Income taxes
€7k▲
2024 · €337
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€121k€187k▲
Fixed assets21/28€62-
Tangible fixed assets22/27€62-
Furniture and vehicles24€62-
Current assets29/58€121k€187k▲
Amounts receivable within one year40/41€2k€1k▼
Other amounts receivable41€2k€1k▼
Current investments50/53€50k€50k=
Cash at bank and in hand54/58€69k€136k▲
Equity and liabilities
Total equity and liabilities10/49€121k€187k▲
Equity10/15€95k€116k▲
Contributions10/11€62k€62k=
Outside capital11€62k€62k=
Other1109/19€62k€62k=
Reserves13€16k€16k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€17k€38k▲
Amounts payable17/49€26k€71k▲
Amounts payable within one year42/48€26k€71k▲
Trade debts44€341€6k▲
Suppliers440/4€341€6k▲
Advances received on contracts in progress46-€41k
Taxes, remuneration and social security45€553€7k▲
Taxes450/3€553€7k▲
Other amounts payable47/48€25k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€663€62▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€24k€32k▲
Operating profit (loss)9901€18k€28k▲
Financial income75/76B€101€0▼
Recurring financial income75€1€0▼
Non-recurring financial income76B€100-
Financial charges65/66B€408€242▼
Recurring financial charges65€408€242▼
Profit (loss) for the period before taxes9903€18k€28k▲
Income taxes67/77€337€7k▲
Profit (loss) for the period9904€18k€21k▲
Profit (loss) for the period to be appropriated9905€18k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€38k▲
Profit (loss) brought forward from the previous period14P-€17k
Profit to be distributed694/7€760-
Employees696€760-
The notes to these accounts (3 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100kEq €116k ▲22.1%
2 profitable years in a row build equity to €116k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-23k ▼155%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €42k ▲2782%
Operating result €44k, net result €42k, both a record.
31-12
Financial
Equity above €100kEq €101k ▲71.2%
5 profitable years in a row build equity to €101k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 5current ratio 16.83
Current ratio from 3.49 to 16.83; short-term debt falls from €20k to €4k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Aartselaar · 1 establishment unit since 1994
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.
Kapellestraat 522630 AartselaarGround area
2,255 m²
Building footprint
319 m²
Volume, LiDAR
2,755 m³
2 parcels, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INCENTIVE REIZEN
since 19942.065.805.733
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0270/00P000 | Flanders | 2,161 m² | 1 · 250 m² | 15.0 m · 3 fl. |
| 11902E0119/00T000 | Flanders | 94 m² | 1 · 69 m² | 9.5 m · 2 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 · 2 entries · 3,122 EUR awarded · 3,122 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 3,122 EUR | 3,122 EUR |
Schemes
Hinderpremie bij openbare werken
Vlaams Beschermingsmechanisme 11 (stopgezet)
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Of 1,439 companies in sector 79110 we hold annual accounts for 880. 749 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1993
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.