VERELEK
ActiveSummary
The computed 12-month bankruptcy probability of VERELEK is 2.3% (moderate). The 2024 annual accounts show equity of €305k and a net result of €87k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+10
Solvency75▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.33 against 3.67 in 2023; short-term debt: 25.7% and cash: 0.4% of total assets), but 50% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
22 d early
2022
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€305k▲ 40.0%
2023 · €218k
2022: €188k
2023: €218k
2022 → 2024
Total assets
€611k▲ 36.7%
2023 · €447k
2022: €361k
2023: €447k
2022 → 2024
Net result
€87k▲ 189%
2023 · €30k
2022: €182k
2023: €30k
2022 → 2024
Working capital
€366k▲ 37.5%
2023 · €266k
2022: €139k
2023: €266k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€188k-€218k▲ 16.1%€305k▲ 40.0%
Operating result€255k-€46k▼ 82.0%€118k▲ 156%
Net result€182k-€30k▼ 83.4%€87k▲ 189%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 156% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €611k
Fixed assets
€88k ▲ 8.7%
Current assets
€523k ▲ 42.9%
Equity and liabilities €611k
Equity
€305k ▲ 40.0%
Debt
€306k ▲ 33.5%
Debt's share of the balance-sheet total falls from 51.2% to 50.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€143k▲
2023 · €67k
Cash flow
€113k▲
2023 · €52k
Current ratio
3.33▼
2023 · 3.67
Quick ratio
0.65▼
2023 · 0.88
Debt to equity
1.00▼
2023 · 1.05
ROE
28.6%▲
2023 · 13.8%
ROA
14.3%▲
2023 · 6.8%
Interest coverage
15.42▲
2023 · 15.31
Debt ≤ 1 year
€157k▲
2023 · €100k
Debt > 1 year
€149k▲
2023 · €129k
Income taxes
€22k▲
2023 · €13k
Staff costs
€61k▲
2023 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€447k€611k▲
Fixed assets21/28€81k€88k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€79k€87k▲
Plant, machinery and equipment23€26k€29k▲
Furniture and vehicles24€705€6k▲
Leasing and similar rights25€36k€25k▼
Other tangible fixed assets26€16k€27k▲
Current assets29/58€366k€523k▲
Stocks and contracts in progress3€278k€421k▲
Stocks30/36€278k€380k▲
Contracts in progress37-€41k
Amounts receivable within one year40/41€75k€90k▲
Trade receivables40€33k€71k▲
Other amounts receivable41€42k€19k▼
Cash at bank and in hand54/58€7k€2k▼
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€447k€611k▲
Equity10/15€218k€305k▲
Contributions10/11€6k€6k=
Reserves13€212k€299k▲
Distributable reserves133€212k€299k▲
Amounts payable17/49€229k€306k▲
Amounts payable after more than one year17€129k€149k▲
Financial debts170/4€129k€149k▲
Amounts payable within one year42/48€100k€157k▲
Current portion of amounts payable after more than one year42€22k€21k▼
Trade debts44€52k€77k▲
Suppliers440/4€52k€77k▲
Taxes, remuneration and social security45€26k€51k▲
Taxes450/3€16k€44k▲
Remuneration and social security454/9€10k€7k▼
Other amounts payable47/48-€8k
Accrued charges and deferred income492/3€46€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€59k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€26k▲
Other operating charges640/8€17k€1k▼
Gross operating margin9900€143k€206k▲
Operating profit (loss)9901€46k€118k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€43k€110k▲
Income taxes67/77€13k€22k▲
Profit (loss) for the period9904€30k€87k▲
Profit (loss) for the period to be appropriated9905€30k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€87k▲
Transfer to equity691/2€30k€87k▲
To other reserves6921€30k€87k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €30k ▼83.4%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €218k ▲16.1%
2 profitable years in a row build equity to €218k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Wielsbeke · 1 establishment unit since 2021
Ground area
8,635 m²
Building footprint
172 m²
Volume, LiDAR
847 m³
Parcel 37009A0674/00K000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERELEK
since 20212.316.897.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009A0674/00K000 | Flanders | 8,634 m² | 1 · 172 m² | 9.5 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 285 EUR awarded · 285 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 285 EUR | 285 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,320. 7,542 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.