VEREM
ActiveSummary
VEREM has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.5m and a net result of €82,175. Equity is shrinking by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability75▲+27
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 6.26 against 2.04 in 2025; short-term debt: 2.8% and cash: 17.4% of total assets), and 2.9% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
97.1%
Return on assets
5.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 13-07-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
49 d early
2025
60 d early
2024
78 d early
2023
76 d early
2022
83 d early
2021
73 d early
2020
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 70 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€82,175▲ 17.4%
2025 · €70,008
Working capital
€237,166▲ 58.3%
2025 · €149,867
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€87,294▼ 71.4%€99,785▲ 14.3%€85,309▼ 14.5%€93,582▲ 9.7%€109,912▲ 17.4%
Net result€234,271▼ 19.9%€74,857▼ 68.0%€67,120▼ 10.3%€70,008▲ 4.3%€82,175▲ 17.4%
Equity€1.7m▲ 5.8%€1.5m▼ 13.4%€1.5m▲ 4.6%€1.5m▼ 4.2%€1.5m▲ 5.7%
Total assets€1.8m▼ 16.7%€1.8m▼ 3.6%€1.5m▼ 12.6%€1.6m▲ 4.3%€1.6m▼ 1.0%
Debt€145,059▼ 75.9%€303,966▲ 110%€15,456▼ 94.9%€144,991▲ 838%€46,110▼ 68.2%
Working capital€286,493▲ 579%€89,896▼ 68.6%€187,882▲ 109%€149,867▼ 20.2%€237,166▲ 58.3%
Staff (FTE)0
Why a figure moved sharply
- 2023 Net result -68% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 17% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.3m ▼ 0.4%
Current assets
€282,236 ▼ 3.9%
Equity and liabilities €1.6m
Equity
€1.5m ▲ 5.7%
Debt
€46,110 ▼ 68.2%
Debt's share of the balance-sheet total falls from 9.1% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€146,100▲
2025 · €129,153
Cash flow
€118,363▲
2025 · €105,579
Current ratio
6.26▲
2025 · 2.04
Debt to equity
0.03▼
2025 · 0.10
ROE
5.3%▲
2025 · 4.8%
ROA
5.2%▲
2025 · 4.4%
Interest coverage
4871.63
Debt ≤ 1 year
€45,070▼
2025 · €143,951
Income taxes
€27,707▲
2025 · €23,575
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 20,129 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,961 | €34,886 | €35,386 | €35,571 | €36,188 | ▲ 1.7% |
| Other operating charges640/8 | €18,027 | €19,267 | €23,215 | €22,437 | €20,112 | ▼ 10.4% |
| Gross operating margin9900 | €139,282 | €153,939 | €143,910 | €151,590 | €166,213 | ▲ 9.6% |
| Operating profit (loss)9901 | €87,294 | €99,785 | €85,309 | €93,582 | €109,912 | ▲ 17.4% |
| Financial income75/76B | €168,724 | - | €4,238 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €54,000 | - | €4,238 | €0 | €0 | ▼ 100% |
| Non-recurring financial income76B | €114,724 | - | - | - | - | - |
| Financial charges65/66B | €32 | €10 | - | - | €30 | - |
| Recurring financial charges65 | €32 | €10 | - | - | €30 | - |
| Profit (loss) for the period before taxes9903 | €255,987 | €99,775 | €89,547 | €93,583 | €109,882 | ▲ 17.4% |
| Income taxes67/77 | €21,716 | €24,919 | €22,427 | €23,575 | €27,707 | ▲ 17.5% |
| Profit (loss) for the period9904 | €234,271 | €74,857 | €67,120 | €70,008 | €82,175 | ▲ 17.4% |
| Profit (loss) for the period to be appropriated9905 | €234,271 | €74,857 | €67,120 | €70,008 | €82,175 | ▲ 17.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.8m | €1.5m | €1.6m | €1.6m | ▼ 1.0% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 0.4% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 0.4% |
| Plant, machinery and equipment23 | - | - | €621 | €476 | €331 | ▼ 30.5% |
| Furniture and vehicles24 | €1,329 | €862 | €395 | - | - | - |
| Other tangible fixed assets26 | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 0.4% |
| Current assets29/58 | €429,807 | €392,867 | €201,367 | €293,817 | €282,236 | ▼ 3.9% |
| Amounts receivable within one year40/41 | €3,284 | €81 | €4,954 | €8,022 | €2,245 | ▼ 72.0% |
| Trade receivables40 | - | - | - | €6,552 | €820 | ▼ 87.5% |
| Other amounts receivable41 | €3,284 | €81 | €4,954 | €1,470 | €1,425 | ▼ 3.1% |
| Cash at bank and in hand54/58 | €424,933 | €389,792 | €190,154 | €281,929 | €275,992 | ▼ 2.1% |
| Deferred charges and accrued income490/1 | €1,590 | €2,993 | €6,259 | €3,866 | €3,999 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.8m | €1.5m | €1.6m | €1.6m | ▼ 1.0% |
| Equity10/15 | €1.7m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 5.7% |
| Contributions10/11 | €64,000 | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Capital10 | €64,000 | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Issued capital100 | €64,000 | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Reserves13 | €1.6m | €1.4m | €1.4m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Legal reserve130 | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Distributable reserves133 | €1.6m | €1.4m | €1.4m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | €40,886 | €15,743 | €22,863 | €83,942 | €166,117 | ▲ 97.9% |
| Amounts payable17/49 | €145,059 | €303,966 | €15,456 | €144,991 | €46,110 | ▼ 68.2% |
| Amounts payable within one year42/48 | €143,314 | €302,971 | €13,485 | €143,951 | €45,070 | ▼ 68.7% |
| Trade debts44 | €457 | €2,971 | €3,492 | €29 | €22,251 | ▲ 76,023% |
| Suppliers440/4 | €457 | €2,971 | €3,492 | €29 | €22,251 | ▲ 76,023% |
| Taxes, remuneration and social security45 | - | - | - | - | €7,707 | - |
| Taxes450/3 | - | - | - | - | €7,707 | - |
| Other amounts payable47/48 | €142,857 | €300,000 | €9,993 | €143,922 | €15,112 | ▼ 89.5% |
| Accrued charges and deferred income492/3 | €1,745 | €995 | €1,972 | €1,040 | €1,040 | = |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €234,271 | €74,857 | €67,120 | €70,008 | €82,175 | ▲ 17.4% |
| + Depreciation and write-downs630 | €33,961 | €34,886 | €35,386 | €35,571 | €36,188 | ▲ 1.7% |
| Operating cash flow (approximation) | €268,232 | €109,742 | €102,507 | €105,579 | €118,363 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€5,590 | -€5,497 | -€8,734 | -€31,063 | ▼ 256% |
| Change in cash | - | -€35,141 | -€199,638 | €91,775 | -€5,937 | ▼ 106% |
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 2027, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-01
Financial
Liquidity triplescurrent ratio 6.26
Current ratio from 2.04 to 6.26; short-term debt falls from €143,951 to €45,070.
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-01
Financial
Liquidity times 12current ratio 14.93
Current ratio from 1.30 to 14.93; short-term debt falls from €302,971 to €13,485.
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-01
Financial
Liquidity triplescurrent ratio 3.00
Current ratio from 1.07 to 3.00; short-term debt falls from €598,868 to €143,314.
2021
19-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-01
Financial
Highest result since 2019net €292,479 ▲167%
Operating result €305,552, net result €292,479, both a record.
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1986
Ground area
682 m²
Building footprint
185 m²
Volume, LiDAR
1,627 m³
2 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Jozef Reusenslei 148/D, 2150 Borsbeek
since 19862.031.322.035
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0005/00V000 | Flanders | 374 m² | 1 · 98 m² | 10.7 m · 3 fl. |
| 11007A0008/00T002 | Flanders | 308 m² | 1 · 86 m² | 10.1 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded01-02-1986
Fiscal year end31-01
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429880343
Also
9925:BE0429880343
Registered
26-12-2025
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.