VERHAERT
ActiveSummary
VERHAERT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €415,656 and a net result of €8,367. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency63▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.85 in 2024; short-term debt: 46.1% and cash: 17.4% of total assets), and 62.4% 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
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
37.6%
Return on assets
0.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
7 d early
2023
2 d early
2022
7 d early
2021
10 d late
2020
3 d early
2019
50 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 13 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€415,656▲ 2.1%
2024 · €407,289
Total assets
€1.1m▼ 5.4%
2024 · €1.2m
Net result
€8,367▲ 48.9%
2024 · €5,618
Working capital
-€45,139▲ 58.2%
2024 · -€107,895
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€9,003▼ 86.5%€70,944▲ 688%€88,624▲ 24.9%€14,574▼ 83.6%€15,384▲ 5.6%
Net result-€8,125below the sector's middle half€44,729within the sector's middle half€56,285within the sector's middle half▲ 25.8%€5,618within the sector's middle half▼ 90.0%€8,367within the sector's middle half▲ 48.9%
Equity€300,657within the sector's middle half▼ 2.6%€345,386within the sector's middle half▲ 14.9%€401,671within the sector's middle half▲ 16.3%€407,289within the sector's middle half▲ 1.4%€415,656within the sector's middle half▲ 2.1%
Total assets€929,676within the sector's middle half▼ 11.8%€908,370within the sector's middle half▼ 2.3%€1.2mwithin the sector's middle half▲ 33.6%€1.2mwithin the sector's middle half▼ 3.6%€1.1mwithin the sector's middle half▼ 5.4%
Debt€629,019▼ 15.7%€562,984▼ 10.5%€811,856▲ 44.2%€762,035▼ 6.1%€690,340▼ 9.4%
Working capital-€115,652below the sector's middle half▼ 45.3%-€64,973below the sector's middle half▲ 43.8%-€80,318below the sector's middle half▼ 23.6%-€107,895below the sector's middle half▼ 34.3%-€45,139below the sector's middle half▲ 58.2%
Solvency32.3%within the sector's middle half▲ 3.1pp38.0%within the sector's middle half▲ 5.7pp33.1%within the sector's middle half▼ 4.9pp34.8%within the sector's middle half▲ 1.7pp37.6%within the sector's middle half▲ 2.8pp
Current ratio0.71below the sector's middle half▼ 0.100.83below the sector's middle half▲ 0.130.89below the sector's middle half▲ 0.050.85below the sector's middle half▼ 0.040.91below the sector's middle half▲ 0.06
Return on assets (ROA)-0.9%below the sector's middle half▼ 4.0pp4.9%within the sector's middle half▲ 5.8pp4.6%within the sector's middle half▼ 0.3pp0.5%within the sector's middle half▼ 4.2pp0.8%within the sector's middle half▲ 0.3pp
Staff (FTE)0.1below the sector's middle half=0.1below the sector's middle half=0.1below the sector's middle half=0.1below the sector's middle half=0.1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€641,472 ▲ 15.4%
Current assets
€464,524 ▼ 24.3%
Equity and liabilities €1.1m
Equity
€415,656 ▲ 2.1%
Debt
€690,340 ▼ 9.4%
Debt's share of the balance-sheet total falls from 65.2% to 62.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189,095▲
2024 · €140,019
Cash flow
€182,078▲
2024 · €131,063
Quick ratio
0.72▲
2024 · 0.69
Debt to equity
1.66▼
2024 · 1.87
ROE
2.0%▲
2024 · 1.4%
Interest coverage
29.34▲
2024 · 24.30
Debt ≤ 1 year
€509,664▼
2024 · €721,515
Debt > 1 year
€171,193▲
2024 · €40,521
Income taxes
€1,784▼
2024 · €3,324
Staff costs
€4,233▲
2024 · €3,964
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 17,027 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,000 | €0 | €1,926 | - |
| Remuneration, social security and pensions62 | €4,322 | €3,735 | €4,654 | €3,964 | €4,233 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104,208 | €107,357 | €121,255 | €125,444 | €173,711 | ▲ 38.5% |
| Other operating charges640/8 | €3,259 | €3,015 | €3,676 | €3,533 | €3,427 | ▼ 3.0% |
| Gross operating margin9900 | €120,792 | €185,051 | €218,209 | €147,515 | €196,755 | ▲ 33.4% |
| Operating profit (loss)9901 | €9,003 | €70,944 | €88,624 | €14,574 | €15,384 | ▲ 5.6% |
| Financial income75/76B | €0 | €0 | €0 | €130 | €1,213 | ▲ 836% |
| Recurring financial income75 | €0 | €0 | €0 | €130 | €1,213 | ▲ 836% |
| Financial charges65/66B | €16,299 | €11,428 | €8,221 | €5,762 | €6,446 | ▲ 11.9% |
| Recurring financial charges65 | €16,299 | €11,428 | €8,221 | €5,762 | €6,446 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | -€7,295 | €59,516 | €80,403 | €8,942 | €10,151 | ▲ 13.5% |
| Income taxes67/77 | €830 | €14,787 | €24,118 | €3,324 | €1,784 | ▼ 46.3% |
| Profit (loss) for the period9904 | -€8,125 | €44,729 | €56,285 | €5,618 | €8,367 | ▲ 48.9% |
| Profit (loss) for the period to be appropriated9905 | -€8,125 | €44,729 | €56,285 | €5,618 | €8,367 | ▲ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €929,676 | €908,370 | €1.2m | €1.2m | €1.1m | ▼ 5.4% |
| Fixed assets21/28 | €651,461 | €583,083 | €589,887 | €555,705 | €641,472 | ▲ 15.4% |
| Tangible fixed assets22/27 | €651,326 | €582,588 | €589,392 | €555,210 | €640,977 | ▲ 15.4% |
| Land and buildings22 | €410,714 | €366,646 | €325,816 | €283,579 | €249,271 | ▼ 12.1% |
| Plant, machinery and equipment23 | €214,639 | €166,327 | €204,290 | €202,182 | €332,372 | ▲ 64.4% |
| Furniture and vehicles24 | €25,972 | €49,615 | €59,286 | €69,449 | €59,334 | ▼ 14.6% |
| Financial fixed assets28 | €135 | €495 | €495 | €495 | €495 | = |
| Current assets29/58 | €278,215 | €325,287 | €623,640 | €613,619 | €464,524 | ▼ 24.3% |
| Stocks and contracts in progress3 | €104,912 | €111,847 | €208,976 | €116,171 | €96,156 | ▼ 17.2% |
| Stocks30/36 | €104,912 | €111,847 | €208,976 | €116,171 | €96,156 | ▼ 17.2% |
| Amounts receivable within one year40/41 | €105,695 | €193,066 | €310,962 | €221,509 | €157,882 | ▼ 28.7% |
| Trade receivables40 | €99,748 | €183,245 | €243,748 | €184,578 | €116,608 | ▼ 36.8% |
| Other amounts receivable41 | €5,947 | €9,821 | €67,213 | €36,931 | €41,274 | ▲ 11.8% |
| Cash at bank and in hand54/58 | €60,428 | €14,544 | €97,247 | €269,992 | €192,839 | ▼ 28.6% |
| Deferred charges and accrued income490/1 | €7,180 | €5,829 | €6,455 | €5,947 | €17,648 | ▲ 197% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €929,676 | €908,370 | €1.2m | €1.2m | €1.1m | ▼ 5.4% |
| Equity10/15 | €300,657 | €345,386 | €401,671 | €407,289 | €415,656 | ▲ 2.1% |
| Contributions10/11 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €277,782 | €314,386 | €370,671 | €376,289 | €384,656 | ▲ 2.2% |
| Non-distributable reserves130/1 | €3,100 | €3,100 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,100 | €3,100 | €0 | - | - | - |
| Tax-exempt reserves132 | €18,628 | €18,628 | €18,628 | €18,628 | €18,628 | = |
| Distributable reserves133 | €256,054 | €292,658 | €352,043 | €357,661 | €366,028 | ▲ 2.3% |
| Profit (loss) carried forward14 | -€8,125 | - | - | - | - | - |
| Amounts payable17/49 | €629,019 | €562,984 | €811,856 | €762,035 | €690,340 | ▼ 9.4% |
| Amounts payable after more than one year17 | €235,098 | €172,725 | €107,898 | €40,521 | €171,193 | ▲ 322% |
| Financial debts170/4 | €235,098 | €172,725 | €107,898 | €40,521 | €171,193 | ▲ 322% |
| Amounts payable within one year42/48 | €393,867 | €390,260 | €703,958 | €721,515 | €509,664 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | €93,003 | €62,373 | €64,827 | €67,377 | €88,323 | ▲ 31.1% |
| Trade debts44 | €288,311 | €294,268 | €618,077 | €648,607 | €412,960 | ▼ 36.3% |
| Suppliers440/4 | €288,311 | €294,268 | €618,077 | €648,607 | €412,960 | ▼ 36.3% |
| Taxes, remuneration and social security45 | €5,556 | €22,357 | €21,055 | €5,530 | €8,381 | ▲ 51.5% |
| Taxes450/3 | €2,964 | €18,062 | €16,697 | €3,004 | €4,734 | ▲ 57.6% |
| Remuneration and social security454/9 | €2,592 | €4,294 | €4,358 | €2,527 | €3,647 | ▲ 44.3% |
| Other amounts payable47/48 | €6,997 | €11,262 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €54 | - | - | - | €9,484 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,125 | €44,729 | €56,285 | €5,618 | €8,367 | ▲ 48.9% |
| + Depreciation and write-downs630 | €104,208 | €107,357 | €121,255 | €125,444 | €173,711 | ▲ 38.5% |
| Operating cash flow (approximation) | €96,083 | €152,086 | €177,539 | €131,063 | €182,078 | ▲ 38.9% |
| Investment in fixed assets (approximation) | - | -€38,980 | -€128,058 | -€91,263 | -€259,478 | ▼ 184% |
| Change in cash | - | -€45,884 | €82,703 | €172,745 | -€77,153 | ▼ 145% |
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
2026
27-07
State Gazette act
Appointment: Arthur Verhaert (director)2 facts ▸
State Gazette act
Appointment: Arthur Verhaert (director)
2 facts ▸
- General meeting, 20-07-2026
- Director appointment, Arthur Verhaert (director)
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €44,729
Net result €44,729 after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
31-12
Financial
Weakest financial yearnet -€8,125
Net result drops to -€8,125, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Arthur Verhaert
CurrentDirector · since 20-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2002
Ground area
9,977 m²
Building footprint
174 m²
Volume, LiDAR
1,054 m³
Parcel 46015A0083/00M000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenhoekstraat(MD) 28, 9170 Sint-Gillis-Waas
since 20022.095.892.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46015A0083/00M000 | Flanders | 9,977 m² | 1 · 174 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Arthur Verhaert |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 324 EUR awarded · 324 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 51 EUR | 104 EUR |
| 2024 | 1 | 53 EUR | 0 EUR |
| 2023 | 1 | 65 EUR | 65 EUR |
| 2022 | 1 | 155 EUR | 155 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis-Waas2.095.892.757
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Identification & contact
Identification
Legal formPrivate limited company
Founded21-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477154183
Also
9925:BE0477154183
Registered
26-12-2024
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.