VERGO
ActiveVERGO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €43k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 2176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-3
Solvency34▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 1.34 in 2024; short-term debt: 83.9% and cash: 1% of total assets), and 91.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.8%
Return on assets
1.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2176 sector peers (2025).
NBB · sector comparisonPosition among 2176 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
2 d early
2023
51 d early
2022
6 d early
2021
37 d early
2020
38 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€341k▼ 43.0%
2024 · €599k
2018: €110k
2019: €166k
2020: €207k
2021: €362k
2022: €374k
2023: €512k
2024: €599k
2018 → 2025
Total assets
€3.89M▲ 3.2%
2024 · €3.77M
2018: €460k
2019: €641k
2020: €1.66M
2021: €1.72M
2022: €2.47M
2023: €2.23M
2024: €3.77M
2018 → 2025
Net result
€43k▼ 51.1%
2024 · €87k
2018: €61k
2019: €57k
2020: €42k
2021: €176k
2022: €77k
2023: €137k
2024: €87k
2018 → 2025
Working capital
€628k▼ 33.8%
2024 · €949k
2018: €110k
2019: €166k
2020: €207k
2021: €362k
2022: €648k
2023: €772k
2024: €949k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€362k-€374k▲ 3.4%€512k▲ 36.7%€599k▲ 17.0%€341k▼ 43.0%
Operating result€258k-€124k▼ 51.8%€247k▲ 98.7%€206k▼ 16.7%€160k▼ 22.0%
Net result€176k-€77k▼ 56.4%€137k▲ 78.8%€87k▼ 36.6%€43k▼ 51.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.89M
Equity
€341k▼ 43.0%
Debt
€3.55M▲ 11.9%
The debt ratio rises from 84.1% to 91.2%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
8.8%▼
2024 · 15.9%
Current ratio
1.19▼
2024 · 1.34
Quick ratio
0.12▼
2024 · 0.18
Debt / equity
10.39▲
2024 · 5.30
ROE
12.5%▼
2024 · 14.5%
ROA
1.1%▼
2024 · 2.3%
Debt
€3.55M▲
2024 · €3.17M
Debt ≤ 1 year
€3.26M▲
2024 · €2.82M
Debt > 1 year
€287k▼
2024 · €350k
Income taxes
€16k▼
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.77M€3.89M▲
Current assets29/58€3.77M€3.89M▲
Stocks and contracts in progress3€3.26M€3.49M▲
Stocks30/36€3.26M€3.49M▲
Amounts receivable within one year40/41€410k€356k▼
Trade receivables40-€61k
Other amounts receivable41€410k€295k▼
Cash at bank and in hand54/58€102k€39k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€3.77M€3.89M▲
Equity10/15€599k€341k▼
Contributions10/11€19k€19k=
Reserves13€580k€323k▼
Distributable reserves133€580k€323k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€3.17M€3.55M▲
Amounts payable after more than one year17€350k€287k▼
Financial debts170/4€246k€232k▼
Other amounts payable178/9€104k€54k▼
Amounts payable within one year42/48€2.82M€3.26M▲
Current portion of amounts payable after more than one year42€14k€14k▲
Financial debts43€2.04M€1.63M▼
Credit institutions430/8€1.99M€1.58M▼
Other loans439€50k€50k=
Trade debts44€37k€153k▲
Suppliers440/4€37k€153k▲
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3€7k€14k▲
Other amounts payable47/48€721k€1.45M▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€207k€162k▼
Operating profit (loss)9901€206k€160k▼
Financial income75/76B€5k€55▼
Recurring financial income75€5k€55▼
Financial charges65/66B€92k€102k▲
Recurring financial charges65€92k€102k▲
Profit (loss) for the period before taxes9903€118k€58k▼
Income taxes67/77€31k€16k▼
Profit (loss) for the period9904€87k€43k▼
Profit (loss) for the period to be appropriated9905€87k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€43k▼
Transfer from equity791/2-€300k
Transfer to equity691/2€87k€43k▼
To other reserves6921€87k€43k▼
Profit to be distributed694/7-€300k
Return on contributions (dividend)694-€300k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €512k ▲36.7%
6 profitable years in a row build equity to €512k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €176k ▲315%
Operating result €258k, net result €176k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €42k ▼26%
Net result drops to €42k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €207k ▲24.6%
3 profitable years in a row build equity to €207k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €166k ▲50.5%
2 profitable years in a row build equity to €166k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kruisem · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lindeknokstraat (Nok) 39771 KruisemGround area
5,114 m²
Building footprint
563 m²
Volume, LiDAR
2,596 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Anzegemsesteenweg(KRU) 35, 9770 Kruisem
since 20152.244.749.155
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45031A0091/00E000 | Flanders | 3,556 m² | 1 · 411 m² | 7.1 m · 1 fl. |
| 45017B0912/00M000 | Flanders | 1,558 m² | 1 · 152 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 29,801 companies in sector 41001 we hold annual accounts for 16,045. 10,578 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2015
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.