Equity
€80,103 ▲ 12.0%
VERGHE has made a profit without a break since 2019.
VERGHE
Lifetime
17 annual accounts with figures on one time axispeak €210,876 (2025)
€210,876▲ 51.9%
lowest -€6,706 (2012)
€8,559▼ 8.6%
peak €80,103 (2025)
€80,103▲ 12.0%
€197,636▲ 22.8%
peak 1.1 FTE (2013)
-not published
Board2 names since 2021
2 directorsJoeri Verheyden and 1 other
Documentsfilings and deeds
02-04-202628 days before the deadline
2025micro format
Gross margin from €138,868 to €210,876Debts from €160,898 to €197,636Investments €51,944Cash from €9,057 to €25,523
Key points
from the 2025 annual accountsTurnover
≈ €1.3m estimated
The micro format states no turnover.
Debts
€197,636 71% of the balance sheet
Financial debts 51%Suppliers 27%Taxes and wages 18%Other 5%
Of this, €170,971 falls due within a year.
Investments
€60,390 3.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 112.0% higher than in 2024.
Staff
4 employees on 30-09-2025
In 2025, 3 people joined and 3 left.
Filings
17 annual accounts since 2009
The last five annual accounts were filed 2 to 28 days before the end of the period.
Checked score
68
Healthy
Financially stronger than 43% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.6%▲ +0.4 percentage points vs 12-2024
02-2025: 0.8%▲ +0.2 percentage points vs 01-2025
03-2025: 0.7%▼ -0.1 percentage points vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 0.9%● unchanged vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 1.1%▲ +0.2 percentage points vs 12-2025
02-2026: 1.2%▲ +0.1 percentage points vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.7%▼ -0.6 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Size: total assets €277,739
Sector: Retail trade (NACE 47)
lowers risk
Figures for financial year 2025 (filed on 02-04-2026)
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 47, micro). It does better than 44% of them on solvency, 27% on liquidity, 38% on profitability and 64% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as VERGHE has now. Each dot stands for 12 companies, two years later.
96.8%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VERGHE itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,508 companies, not a prediction for VERGHE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.31 in 2024), below the usual 1.5. Short-term debt is 61.6% and cash 9.2% of total assets. 71.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
21 days early
2023
19 days early
2022
23 days early
2021
2 days early
2020
28 days early
2019
31 days early
← 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 22 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 9 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896102232
Publication in the Belgian Official Gazette
Gazette deed
Company renamed from GARAGE JOERI VERHEYDEN to VERGHE
Registered office moved to Zele · New registered office: Huivelde 38, 9240 Zele · Appointments: Joeri Verheyden (director) and Stefanie Ghekiere (director) · General meeting of 06-12-2023 · Gazette deed
Incorporation
published on 11-03-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VERGHE Zele | €277,739 | €210,876 | 28.8% | - |
| Vincke Sint-Niklaas | €269,488 | €238,468 | 34.7% | - |
| GARAGE JEAN LECOCQ Froidchapelle | €285,257 | €255,139 | 64.5% | 5 |
| H&A INVESTMENT COMPANY Brussels | €312,404 | €170,553 | 64.1% | - |
| DAJUTO La Hulpe | €245,598 | €174,935 | 50.2% | - |
| MATHIEU HANSEZ Soumagne | €333,430 | €202,281 | 66.6% | - |
| CK MOTOR Soignies | €354,286 | €233,425 | 51.6% | - |
These companies have the same main activity as VERGHE: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €246,000 and €354,000, founded between 2005 and 2010.
Official details
Source: KBO- Status
- Active since 29-02-2008Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes)NACE 47811and 2 others
- Joint committee
- 112Garages · annual accounts 30-09-2025
- Establishment unit
- 2.169.335.3189240 Zele, since 26-02-2008
- Financial year end
- 30 September
- Peppol
- Reachable since 15-09-2025
Annual accounts to 30-09-2025
- €277,739▲ 19.5%
- Employeeson 30-09-2025
- 4=
- Filing
- Filed on 02-04-2026, 28 days before the end of the filing period
Insights on VERGHE
VERGHE files the micro format. That format states no turnover. The gross margin rose from €20,200 in 2009 to €210,876 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VERGHE
- What is the company number of VERGHE?
- The company number of VERGHE is 0896.102.232. The VAT number is the same number with BE in front: BE 0896.102.232.
- Where is VERGHE based?
- The registered office is at Huivelde 83, 9240 Zele.Company details
- What does VERGHE do?
- According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
- What is the legal form of VERGHE?
- VERGHE is a private limited company (BV).
- When was VERGHE founded?
- VERGHE was founded on 29-02-2008.
- Is VERGHE still active?
- Yes, VERGHE is an active enterprise in the KBO register.
- How many employees does VERGHE have?
- VERGHE had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VERGHE fall under?
- In its 30-09-2025 annual accounts, VERGHE states joint committee 112 (Garages).
- What is the turnover of VERGHE?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €210,876 and 36 comparable companies (NACE 47811). It probably lies between €740,000 and €2.8m.
- Is VERGHE profitable?
- In financial year 2025, VERGHE made a profit of €8,559.
- Where can I find the annual accounts of VERGHE?
- VERGHE filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VERGHE due?
- VERGHE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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