VERDIGEST
ActiveSummary
VERDIGEST has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,512 and a net result of -€335. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-10
Solvency48▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.41 in 2024; short-term debt: 26.4% and cash: 4.6% of total assets), and 77.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.8%
Return on assets
-0.2%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-11-2025, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
on the day
2023
on the day
2022
53 d early
2021
128 d early
2020
123 d early
2019
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€335
2024 · €13,550
Working capital
-€38,551▼ 198%
2024 · -€12,928
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,926▲ 73.2%€2,262▼ 77.2%-€5,794€18,723€2,465▼ 86.8%
Net result€45,416within the sector's middle half-€1,810below the sector's middle half-€11,563below the sector's middle half▼ 539%€13,550within the sector's middle half-€335within the sector's middle half
Equity€42,669within the sector's middle half▲ 254%€40,859below the sector's middle half▼ 4.2%€29,297within the sector's middle half▼ 28.3%€42,847within the sector's middle half▲ 46.3%€42,512within the sector's middle half▼ 0.8%
Total assets€235,544within the sector's middle half▼ 1.1%€210,783below the sector's middle half▼ 10.5%€194,544within the sector's middle half▼ 7.7%€171,172within the sector's middle half▼ 12.0%€186,621within the sector's middle half▲ 9.0%
Debt€192,875▼ 14.7%€169,924▼ 11.9%€165,247▼ 2.8%€128,324▼ 22.3%€144,108▲ 12.3%
Working capital€13,488within the sector's middle half▼ 58.7%€3,041within the sector's middle half▼ 77.5%-€14,342below the sector's middle half-€12,928below the sector's middle half▲ 9.9%-€38,551below the sector's middle half▼ 198%
Solvency18.1%within the sector's middle half▲ 13.1pp19.4%within the sector's middle half▲ 1.3pp15.1%below the sector's middle half▼ 4.3pp25.0%within the sector's middle half▲ 10.0pp22.8%within the sector's middle half▼ 2.3pp
Current ratio1.47within the sector's middle half▼ 0.631.11within the sector's middle half▼ 0.360.63below the sector's middle half▼ 0.480.41below the sector's middle half▼ 0.220.22below the sector's middle half▼ 0.19
Return on assets (ROA)19.3%above the sector's middle half▲ 20.0pp-0.9%below the sector's middle half▼ 20.1pp-5.9%below the sector's middle half▼ 5.1pp7.9%within the sector's middle half▲ 13.9pp-0.2%within the sector's middle half▼ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,621
Fixed assets
€175,820 ▲ 8.3%
Current assets
€10,801 ▲ 21.4%
Equity and liabilities €186,621
Equity
€42,512 ▼ 0.8%
Debt
€144,108 ▲ 12.3%
Debt's share of the balance-sheet total rises from 75.0% to 77.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13,917▼
2024 · €26,834
Cash flow
€11,117▼
2024 · €21,661
Debt to equity
3.39▲
2024 · 2.99
ROE
-0.8%▼
2024 · 31.6%
Interest coverage
5.22▲
2024 · 5.18
Debt ≤ 1 year
€49,352▲
2024 · €21,828
Debt > 1 year
€94,756▼
2024 · €106,496
Income taxes
€167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,680 | €13,962 | €9,843 | €8,111 | €11,452 | ▲ 41.2% |
| Other operating charges640/8 | - | - | €1,101 | €7,163 | €2,140 | ▼ 70.1% |
| Gross operating margin9900 | €20,606 | €16,224 | €5,150 | €33,997 | €16,057 | ▼ 52.8% |
| Operating profit (loss)9901 | €9,926 | €2,262 | -€5,794 | €18,723 | €2,465 | ▼ 86.8% |
| Financial income75/76B | - | €872 | - | €9 | €33 | ▲ 288% |
| Recurring financial income75 | - | €872 | - | €9 | €33 | ▲ 288% |
| Non-recurring financial income76B | - | €872 | - | - | - | - |
| Financial charges65/66B | - | €4,944 | €5,768 | €5,181 | €2,666 | ▼ 48.5% |
| Recurring financial charges65 | €6,621 | €4,944 | €5,768 | €5,181 | €2,666 | ▼ 48.5% |
| Profit (loss) for the period before taxes9903 | €45,416 | -€1,810 | -€11,563 | €13,550 | -€168 | ▼ 101% |
| Income taxes67/77 | - | - | - | - | €167 | - |
| Profit (loss) for the period9904 | €45,416 | -€1,810 | -€11,563 | €13,550 | -€335 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | €45,416 | -€1,810 | -€11,563 | €13,550 | -€335 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235,544 | €210,783 | €194,544 | €171,172 | €186,621 | ▲ 9.0% |
| Fixed assets21/28 | €193,393 | €180,225 | €170,382 | €162,271 | €175,820 | ▲ 8.3% |
| Tangible fixed assets22/27 | €187,743 | €174,575 | €164,732 | €156,621 | €170,170 | ▲ 8.7% |
| Land and buildings22 | - | €171,797 | €163,909 | €156,179 | €148,622 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | - | €427 | €303 | €179 | ▼ 40.9% |
| Furniture and vehicles24 | - | €2,778 | €396 | €139 | €21,368 | ▲ 15,287% |
| Financial fixed assets28 | €5,650 | €5,650 | €5,650 | €5,650 | €5,650 | = |
| Current assets29/58 | €42,151 | €30,558 | €24,162 | €8,900 | €10,801 | ▲ 21.4% |
| Amounts receivable within one year40/41 | €451 | €951 | €1,058 | - | €822 | - |
| Trade receivables40 | - | - | €1,058 | - | €822 | - |
| Other amounts receivable41 | - | €951 | - | - | - | - |
| Cash at bank and in hand54/58 | €20,145 | €15,341 | €9,899 | €8,900 | €8,522 | ▼ 4.2% |
| Deferred charges and accrued income490/1 | - | €14,266 | €13,205 | - | €1,457 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235,544 | €210,783 | €194,544 | €171,172 | €186,621 | ▲ 9.0% |
| Equity10/15 | €42,669 | €40,859 | €29,297 | €42,847 | €42,512 | ▼ 0.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €30,195 | €30,195 | €30,195 | €30,195 | = |
| Reserves13 | €443 | €443 | €443 | €443 | €443 | = |
| Non-distributable reserves130/1 | - | €443 | €443 | €443 | €443 | = |
| Reserves not available under the articles1311 | - | €443 | €443 | €443 | €443 | = |
| Profit (loss) carried forward14 | -€6,569 | -€8,379 | -€19,941 | -€6,391 | -€6,726 | ▼ 5.2% |
| Amounts payable17/49 | €192,875 | €169,924 | €165,247 | €128,324 | €144,108 | ▲ 12.3% |
| Amounts payable after more than one year17 | €164,212 | €142,407 | €126,743 | €106,496 | €94,756 | ▼ 11.0% |
| Financial debts170/4 | - | €142,407 | €126,743 | €106,496 | €94,756 | ▼ 11.0% |
| Amounts payable within one year42/48 | €28,663 | €27,517 | €38,505 | €21,828 | €49,352 | ▲ 126% |
| Current portion of amounts payable after more than one year42 | - | €25,106 | €20,208 | €8,939 | €10,133 | ▲ 13.4% |
| Trade debts44 | €2,591 | €251 | €789 | €258 | €45 | ▼ 82.5% |
| Suppliers440/4 | - | €251 | €789 | €258 | €45 | ▼ 82.5% |
| Advances received on contracts in progress46 | - | €2,160 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,980 | - | - | - |
| Remuneration and social security454/9 | - | - | €1,980 | - | - | - |
| Other amounts payable47/48 | - | - | €15,528 | €12,631 | €39,174 | ▲ 210% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,416 | -€1,810 | -€11,563 | €13,550 | -€335 | ▼ 102% |
| + Depreciation and write-downs630 | €10,680 | €13,962 | €9,843 | €8,111 | €11,452 | ▲ 41.2% |
| Operating cash flow (approximation) | €56,096 | €12,152 | -€1,719 | €21,661 | €11,117 | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | -€794 | -€0 | €0 | -€25,000 | - |
| Change in cash | - | -€4,804 | -€5,442 | -€999 | -€378 | ▲ 62.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €13,550
Net result €13,550 after 2 loss-making years.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Back to profitnet €45,416
Net result €45,416 after 2 loss-making years.
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Incourt · 1 establishment unit since 2005
Ground area
2,556 m²
Building footprint
227 m²
Volume, LiDAR
1,611 m³
2 parcels, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VERDIGEST
since 20052.149.108.244
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086C0317/00E000 | Wallonia | 2,235 m² | 1 · 131 m² | 9.5 m · 3 fl. |
| 25086C0317/00F000 | Wallonia | 321 m² | 1 · 96 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,710 companies in sector 73200 we hold annual accounts for 1,787. 1,110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-09-2005
Fiscal year end31-03
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875936526
Also
9925:BE0875936526
Registered
18-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.