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vercruysse-erbe

Active
Private limited company (pre-2019)founded 2000active for 25 yearsTorhoutbaan(ICH) 160, 8480 Ichtegem, BelgiumKBO/BCE: BE 0473.501.639
Summary

vercruysse-erbe has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,741 and a net result of -€14,664. Equity has been stable since 2018 (±0.3% per year). Its solvency ranks better than 30% of 227 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

Source: KBO
Status
Active since 12-12-2000 Normal situation
Activity
Production of electricity from non-renewable sources NACE 35110and 1 other
Establishment unit
2.097.799.204 8480 Ichtegem, since 13-02-2002
Financial year end
31 December
Peppol
Reachable since 13-11-2025

Board and ownership

Board
  • Vercruysse Ivan GentilDirector

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€26,093
Turnover
≈ €110,000
estimated
Loss
€14,664
Equity
€77,741
Total assets
€435,881
  • 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts lateLiquidity: current ratio 0.21, cash €4,167lowers riskSize: total assets €435,881Founded in 2000Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 32% of micro companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2023
Weak
Solvency 43-5
equity 17.8% of total assets
Liquidity 12-7
short-term debt 73.3% · cash 1.0%
Profitability 65-2
return on assets -3.4%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (544 companies, NACE 35, micro)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025lowest value 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%▲ +0.3 percentage points vs 07-2025 09-2025: 1.1%▲ +0.1 percentage points vs 08-2025 10-2025: 1.5%▲ +0.4 percentage points vs 09-2025 11-2025: 1.6%▲ +0.1 percentage points vs 10-2025 12-2025: 2.1%▲ +0.5 percentage points vs 11-2025 01-2026: 4.0%▲ +1.9 percentage points vs 12-2025 02-2026: 4.0%● unchanged vs 01-2026 03-2026: 4.2%▲ +0.2 percentage points vs 02-2026 04-2026: 3.9%▼ -0.3 percentage points vs 03-2026 05-2026: 3.9%● unchanged vs 04-2026 06-2026: 3.9%● unchanged vs 05-2026 07-2026: 3.9%● unchanged vs 06-2026 08-2026: 5.3%▲ +1.4 percentage points vs 07-2026 09-2026: 6.3%▲ +1.0 percentage point vs 08-2026highest value 10-2026: 0.7%▼ -5.6 percentage points vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.21 (0.15 in 2023), below 1. Short-term debt is 73.3% and cash 1% of total assets. 82.2% of the assets are financed with debt and provisions.
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 35, micro). It does better than 33% of them on solvency, 9% on liquidity and 52% on profitability.

The bankruptcy probability was computed on 04-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €435,881
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.21, cash €4,167
NBB · annual accounts
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2023
30 days late
2022
31 days late
2021
78 days late
2020
146 days late
2019
20 days late
2018
31 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 57 days after the deadline. In the sector (NACE 35), the median for financial year 2023 was 22 days before the deadline, and 24% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€14,664 View
  • Caution: Lower net result than 82% of companies in electricity, gas and steamsector median €5,165 · 227 companies -€14,664 View

Recent changes

  1. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as vercruysse-erbe: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €257,000 and €856,000, founded between 1995 and 2006.

CompanyTotal assetsGross margin
vercruysse-erbe Ichtegem€435,881€26,093
LUZITUFRA Kasterlee€257,099€31,326
KINVAN Waregem€500,427€111,472
MiKaVerde Waregem€265,611€63,182
MUYLE HYDROELECTRICITE Jemeppe-sur-Sambre€855,704€19,400
HYDROVAL Rochefort€729,828€68,919
Agrarservice Kaut Burg-Reuland€472,350€74,788
Full comparison

Key facts about vercruysse-erbe

What is the company number of vercruysse-erbe?
The company number of vercruysse-erbe is 0473.501.639. The VAT number is the same number with BE in front: BE 0473.501.639.
Where is vercruysse-erbe based?
The registered office is at Torhoutbaan(ICH) 160, 8480 Ichtegem.Company details
What does vercruysse-erbe do?
According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
What is the legal form of vercruysse-erbe?
The legal form of vercruysse-erbe is Private limited company (pre-2019) (BVBA).
When was vercruysse-erbe founded?
vercruysse-erbe was founded on 12-12-2000.
Is vercruysse-erbe still active?
Yes, vercruysse-erbe is an active enterprise in the KBO register.
How many employees does vercruysse-erbe have?
vercruysse-erbe had an average of 0.2 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of vercruysse-erbe?
The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €26,093 and 2,954 comparable companies of the same size. It probably lies between €63,000 and €190,000. It is a rough estimate.
Is vercruysse-erbe profitable?
In financial year 2025, vercruysse-erbe made a loss of €14,664.
Where can I find the annual accounts of vercruysse-erbe?
vercruysse-erbe filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of vercruysse-erbe due?
vercruysse-erbe must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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