VERDELICE
InactiveFinancials · financial year 2024, abbreviated format
Equity
€1.1m▲ 3.7%
2023 · €1.0m
Total assets
€1.5m▼ 2.6%
2023 · €1.5m
Net result
€37,523▼ 93.8%
2023 · €605,620
Working capital
€982,130▼ 18.0%
2023 · €1.2m
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 98% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2024
Net result€0.04m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.5m
2024
Equity€1.1m
2024
Debt€0.3m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.01m-€0.04m€0.08m▲ 119%€0.08m▼ 1.3%€0.1m▲ 57.4%€0.8m▲ 569%€0.02m▼ 97.6%
Net result-€0.02m-€0.03m€0.06m▲ 104%€0.06m▲ 1.8%€0.09m▲ 57.0%€0.6m▲ 560%€0.04m▼ 93.8%
Equity€0.3m-€0.3m▲ 9.6%€0.3m▲ 8.5%€0.4m▲ 16.8%€0.4m▲ 0.4%€1.0m▲ 148%€1.1m▲ 3.7%
Total assets€0.6m-€0.5m▼ 11.5%€0.5m▼ 10.7%€0.5m▲ 10.8%€0.6m▲ 14.5%€1.5m▲ 151%€1.5m▼ 2.6%
Debt€0.3m-€0.2m▼ 31.2%€0.1m▼ 39.4%€0.1m▼ 5.2%€0.2m▲ 60.6%€0.3m▲ 71.4%€0.3m▼ 21.8%
Working capital€0.2m-€0.2m▲ 20.1%€0.2m▲ 16.1%€0.3m▲ 22.2%€0.3m▲ 9.3%€1.2m▲ 271%€1.0m▼ 18.0%
Staff (FTE)2.7-2.8▲ 3.7%2.8=2.8=2.8=2.4▼ 14.3%0▼ 100%
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€461,283 ▲ 67.2%
Current assets
€1.0m ▼ 18.1%
Equity and liabilities €1.5m
Equity
€1.1m ▲ 3.7%
Provisions
€164,711 ▼ 2.0%
Debt
€267,298 ▼ 21.8%
Debt's share of the balance-sheet total falls from 22.4% to 18.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,536▼
2023 · €816,684
Cash flow
€54,453▼
2023 · €611,256
Current ratio
25.51▲
2023 · 25.02
Debt to equity
0.25▼
2023 · 0.34
ROE
3.6%▼
2023 · 59.7%
ROA
2.5%▼
2023 · 39.7%
Interest coverage
3.47▼
2023 · over 100
Debt ≤ 1 year
€40,066▼
2023 · €49,874
Debt > 1 year
€227,233▼
2023 · €291,863
Income taxes
€11,520▼
2023 · €35,737
Staff costs
€0▼
2023 · €112,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | €678,123 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €107,532 | €121,599 | €112,428 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,527 | €69,098 | €37,513 | €40,125 | €26,164 | €5,635 | €16,929 | ▲ 200% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,208 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €3,802 | €4,156 | €3,834 | €6,537 | ▲ 70.5% |
| Gross operating margin9900 | €200,770 | €243,409 | €219,027 | €228,494 | €277,344 | €932,946 | €43,073 | ▼ 95.4% |
| Operating profit (loss)9901 | -€13,101 | €35,605 | €78,084 | €77,036 | €121,217 | €811,049 | €19,607 | ▼ 97.6% |
| Financial income75/76B | - | - | - | €61 | €25 | €126 | €36,591 | ▲ 28,936% |
| Recurring financial income75 | €79 | €156 | €0 | €61 | €25 | €126 | €36,591 | ▲ 28,936% |
| Financial charges65/66B | - | - | - | €1,056 | €1,144 | €1,727 | €10,534 | ▲ 510% |
| Recurring financial charges65 | €6,079 | €2,950 | €1,638 | €1,056 | €1,144 | €1,727 | €10,534 | ▲ 510% |
| Profit (loss) for the period before taxes9903 | -€19,101 | €32,811 | €76,445 | €76,041 | €120,097 | €809,448 | €45,664 | ▼ 94.4% |
| Transfer from deferred taxes780 | - | - | - | - | - | - | €3,379 | - |
| Transfer to deferred taxes680 | - | - | - | - | - | €168,091 | €0 | ▼ 100% |
| Income taxes67/77 | - | €4,692 | €19,053 | €17,602 | €28,353 | €35,737 | €11,520 | ▼ 67.8% |
| Profit (loss) for the period9904 | -€19,101 | €28,120 | €57,392 | €58,439 | €91,744 | €605,620 | €37,523 | ▼ 93.8% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | - | €10,138 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €504,272 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€19,101 | €28,120 | €57,392 | €58,439 | €91,744 | €101,348 | €47,661 | ▼ 53.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.6m | €0.5m | €0.5m | €0.5m | €0.6m | €1.5m | €1.5m | ▼ 2.6% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | €0.3m | €0.5m | ▲ 67.2% |
| Intangible fixed assets21 | €0.08m | €0.06m | €0.04m | €0.02m | €0 | - | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.08m | €0.08m | €0.09m | €0.09m | €0.3m | €0.5m | ▲ 67.2% |
| Land and buildings22 | - | - | - | €0.06m | €0.06m | €0.3m | €0.4m | ▲ 74.9% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 12.2% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.009m | €0.007m | ▼ 14.5% |
| Current assets29/58 | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €1.2m | €1.0m | ▼ 18.1% |
| Stocks and contracts in progress3 | €0.06m | €0.07m | €0.04m | €0.07m | €0.06m | €0 | - | - |
| Stocks30/36 | - | - | - | €0.07m | €0.06m | €0 | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.2m | €0.3m | €0.4m | €0.5m | €0.02m | ▼ 96.3% |
| Trade receivables40 | - | - | - | €0.3m | €0.4m | €0.2m | €0.005m | ▼ 96.8% |
| Other amounts receivable41 | - | - | - | €0.007m | €0.02m | €0.3m | €0.01m | ▼ 96.1% |
| Current investments50/53 | - | - | - | - | - | €0.7m | €0.4m | ▼ 42.9% |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.1m | €0.05m | €0.03m | €0.06m | €0.6m | ▲ 940% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0 | - | €0.004m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.6m | €0.5m | €0.5m | €0.5m | €0.6m | €1.5m | €1.5m | ▼ 2.6% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €1.0m | €1.1m | ▲ 3.7% |
| Contributions10/11 | €0.04m | €0.04m | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €1.0m | €1.0m | ▲ 3.8% |
| Non-distributable reserves130/1 | - | - | - | €0.004m | €0.004m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.004m | €0.004m | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.5m | €0.5m | ▼ 2.0% |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | ▲ 10.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0.2m | €0.2m | ▼ 2.0% |
| Deferred taxes168 | - | - | - | - | - | €0.2m | €0.2m | ▼ 2.0% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▼ 21.8% |
| Amounts payable after more than one year17 | €0.09m | €0.03m | €0.01m | €0 | - | €0.3m | €0.2m | ▼ 22.1% |
| Financial debts170/4 | - | - | - | €0 | - | €0.3m | €0.2m | ▼ 22.1% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | €0.05m | €0.04m | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0 | €0.008m | €0.02m | ▲ 125% |
| Trade debts44 | €0.1m | €0.09m | €0.05m | €0.09m | €0.1m | €0.02m | €0.002m | ▼ 90.2% |
| Suppliers440/4 | - | - | - | €0.09m | €0.1m | €0.02m | €0.002m | ▼ 90.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.01m | €0.009m | €0.005m | ▼ 41.2% |
| Taxes450/3 | - | - | - | €0.003m | €0.003m | €0 | €0.005m | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.009m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €0 | €0.07m | €0.01m | €0.01m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,101 | €28,120 | €57,392 | €58,439 | €91,744 | €605,620 | €37,523 | ▼ 93.8% |
| + Depreciation and write-downs630 | €70,527 | €69,098 | €37,513 | €40,125 | €26,164 | €5,635 | €16,929 | ▲ 200% |
| Operating cash flow (approximation) | €51,425 | €97,218 | €94,905 | €98,564 | €117,908 | €611,256 | €54,453 | ▼ 91.1% |
| Investment in fixed assets (approximation) | - | -€5,411 | -€12,449 | -€32,569 | -€496 | -€196,428 | -€202,333 | ▼ 3.0% |
| Change in cash | - | -€11,075 | €80,864 | -€49,880 | -€21,886 | €31,103 | €542,560 | ▲ 1,644% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 43 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 09-05-2025 | 2025-00095436 |
| 31-12-2023 | abbreviated format | 11-04-2024 | 2024-00061076 |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00424686 |
| 31-12-2021 | abbreviated format | 16-07-2022 | 2022-20193374 |
| 31-12-2020 | abbreviated format | 23-07-2021 | 2021-39100477 |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46200395 |
| 31-12-2018 | abbreviated format | 05-07-2019 | 2019-29300258 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56000384 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57000268 |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-29200532 |
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €4,726 awarded · €4,726 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,127 | €1,127 |
| 2023 | 1 | €3,500 | €3,500 |
| 2022 | 1 | €99 | €99 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.