VERCOSOLAR
ActiveVERCOSOLAR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €778k and a net result of €36k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-5
Solvency99▲+22
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 1.03 in 2024), and 37.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
62.7%
Return on assets
2.9%
Age of the figures
11 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
41 d early
2023
130 d early
2022
27 d early
2021
30 d early
2020
35 d early
2019
34 d early
← 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
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€778k▲ 4.7%
2024 · €743k
2018: €362k
2019: €393k
2020: €454k
2021: €523k
2022: €553k
2023: €703k
2024: €743k
2018 → 2025
Total assets
€1.24M▼ 0.1%
2024 · €1.24M
2018: €933k
2019: €956k
2020: €1.62M
2021: €1.57M
2022: €1.48M
2023: €1.42M
2024: €1.24M
2018 → 2025
Net result
€36k▼ 12.7%
2024 · €42k
2018: €58k
2019: €30k
2020: €78k
2021: €71k
2022: €30k
2023: €152k
2024: €42k
2018 → 2025
Working capital
€175k▲ 3,334%
2024 · €5k
2018: €435k
2019: €194k
2020: €162k
2021: €-10k
2022: €-2k
2023: €269k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€523k-€553k▲ 5.7%€703k▲ 27.1%€743k▲ 5.7%€778k▲ 4.7%
Operating result€141k-€41k▼ 71.2%€186k▲ 357%€97k▼ 47.6%€42k▼ 56.7%
Net result€71k-€30k▼ 57.5%€152k▲ 405%€42k▼ 72.5%€36k▼ 12.7%
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 has fallen two years in a row; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€917k▼ 15.5%
Current assets
€325k▲ 107%
Equity and liabilities €1.24M
Equity
€778k▲ 4.7%
Provisions
€17k▼ 14.3%
Debt
€446k▼ 6.9%
The debt ratio falls from 38.5% to 35.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€154k▼
2024 · €199k
Cash flow
€148k▲
2024 · €144k
Solvency
62.7%▲
2024 · 59.8%
Current ratio
2.18▲
2024 · 1.03
Quick ratio
2.01▲
2024 · 0.81
Debt / equity
0.57▼
2024 · 0.64
ROE
4.7%▼
2024 · 5.6%
ROA
2.9%▼
2024 · 3.4%
Interest coverage
8.89▲
2024 · 8.23
Debt
€446k▼
2024 · €479k
Debt ≤ 1 year
€149k▼
2024 · €152k
Debt > 1 year
€280k▼
2024 · €304k
Income taxes
€18k▼
2024 · €40k
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€1.24M€1.24M▼
Fixed assets21/28€1.09M€917k▼
Tangible fixed assets22/27€1.09M€917k▼
Land and buildings22€78k€40k▼
Plant, machinery and equipment23€97k€59k▼
Furniture and vehicles24€30k€18k▼
Other tangible fixed assets26€881k€799k▼
Current assets29/58€157k€325k▲
Stocks and contracts in progress3€34k€25k▼
Stocks30/36€34k€25k▼
Amounts receivable within one year40/41€55k€49k▼
Trade receivables40€20k€18k▼
Other amounts receivable41€35k€31k▼
Cash at bank and in hand54/58€68k€251k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.24M▼
Equity10/15€743k€778k▲
Contributions10/11€81k€81k=
Reserves13€655k€691k▲
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Distributable reserves133€647k€683k▲
Profit (loss) carried forward14€7k€6k▼
Provisions and deferred taxes16€20k€17k▼
Provisions for liabilities and charges160/5€20k€17k▼
Other liabilities and charges164/5€20k€17k▼
Amounts payable17/49€479k€446k▼
Amounts payable after more than one year17€304k€280k▼
Financial debts170/4€304k€280k▼
Amounts payable within one year42/48€152k€149k▼
Current portion of amounts payable after more than one year42€26k€26k▲
Trade debts44€70k€39k▼
Suppliers440/4€70k€39k▼
Taxes, remuneration and social security45€19k€11k▼
Taxes450/3€19k€11k▼
Other amounts payable47/48€38k€73k▲
Accrued charges and deferred income492/3€23k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€112k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k€-3k=
Other operating charges640/8€39k€23k▼
Gross operating margin9900€235k€174k▼
Operating profit (loss)9901€97k€42k▼
Financial income75/76B€9k€30k▲
Recurring financial income75€8k€30▼
Non-recurring financial income76B€700€30k▲
Financial charges65/66B€24k€17k▼
Recurring financial charges65€24k€17k▼
Profit (loss) for the period before taxes9903€82k€55k▼
Income taxes67/77€40k€18k▼
Profit (loss) for the period9904€42k€36k▼
Profit (loss) for the period to be appropriated9905€42k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€43k▼
Profit (loss) brought forward from the previous period14P€7k€7k▲
Transfer to equity691/2€40k€36k▼
To other reserves6921€40k€36k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (14 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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity doublescurrent ratio 2.18
Current ratio from 1.03 to 2.18; short-term debt falls from €152k to €149k.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Highest result since 2018net €152k ▲405%
Operating result €186k, net result €152k, both a record.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €30k ▼57.5%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €500kEq €523k ▲15.2%
4 profitable years in a row build equity to €523k.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-03
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
2 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, Wevelgem · 1 establishment unit since 2008
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.
Rozenstraat 188560 WevelgemGround area
431 m²
Building footprint
158 m²
Volume, LiDAR
1,041 m³
Parcel 34029B0947/00H000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERCOSOLAR
since 20082.169.237.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B0947/00H000 | Flanders | 431 m² | 1 · 158 m² | 8.5 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600BPHM8L1JGUJ135
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 5,343 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-03-2008
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
35150Electricity, gas, steam and air conditioning supply
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.