Verilar
ActiveVerilar has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €558k and a net result of €-31k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+3
Solvency82▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.2 in 2024; short-term debt: 7.6% and cash: 2.4% of total assets), and 43.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-31k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
34 d early
2022
21 d early
2021
22 d late
2020
30 d early
2019
35 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-31k▲ 25.1%
2024 · €-41k
2018: €-43k
2019: €-62k
2020: €-80k
2021: €-54k
2022: €-31k
2023: €-52k
2024: €-41k
2018 → 2025
Working capital
€-47k▲ 28.3%
2024 · €-65k
2018: €86k
2019: €73k
2020: €35k
2021: €-109k
2022: €-82k
2023: €-80k
2024: €-65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€714k-€683k▼ 4.4%€630k▼ 7.7%€589k▼ 6.5%€558k▼ 5.2%
Operating result€-71k-€-46k▲ 34.8%€-68k▼ 46.3%€-57k▲ 16.0%€-47k▲ 17.7%
Net result€-54k-€-31k▲ 41.8%€-52k▼ 66.9%€-41k▲ 21.3%€-31k▲ 25.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €47k in 2025 against €57k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €983k
Fixed assets
€955k▼ 8.8%
Current assets
€28k▲ 68.4%
Equity and liabilities €983k
Equity
€558k▼ 5.2%
Provisions
€160k▼ 12.5%
Debt
€264k▼ 9.4%
The debt ratio falls from 27.4% to 26.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48k▲
2024 · €41k
Cash flow
€65k▲
2024 · €57k
Solvency
56.8%▲
2024 · 55.4%
Current ratio
0.37▲
2024 · 0.20
Quick ratio
0.37▲
2024 · 0.20
Debt / equity
0.47▼
2024 · 0.49
ROE
-5.5%▲
2024 · -7.0%
ROA
-3.1%▲
2024 · -3.9%
Interest coverage
7.05▲
2024 · 5.83
Debt
€264k▼
2024 · €291k
Debt ≤ 1 year
€75k▼
2024 · €82k
Debt > 1 year
€188k▼
2024 · €207k
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€1.06M€983k▼
Fixed assets21/28€1.05M€955k▼
Tangible fixed assets22/27€1.05M€954k▼
Land and buildings22€791k€744k▼
Plant, machinery and equipment23€249k€209k▼
Furniture and vehicles24€7k€316▼
Financial fixed assets28€378€378=
Current assets29/58€17k€28k▲
Amounts receivable within one year40/41€8k€4k▼
Trade receivables40€5k€710▼
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€9k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€983k▼
Equity10/15€589k€558k▼
Contributions10/11€136k€136k=
Capital10€136k€136k=
Issued capital100€136k€136k=
Reserves13€526k€482k▼
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Tax-exempt reserves132€393k€349k▼
Distributable reserves133€119k€119k=
Profit (loss) carried forward14€-73k€-60k▲
Provisions and deferred taxes16€183k€160k▼
Deferred taxes168€183k€160k▼
Amounts payable17/49€291k€264k▼
Amounts payable after more than one year17€207k€188k▼
Financial debts170/4€207k€188k▼
Amounts payable within one year42/48€82k€75k▼
Current portion of amounts payable after more than one year42€19k€19k▲
Trade debts44€334€232▼
Suppliers440/4€334€232▼
Taxes, remuneration and social security45€3k€903▼
Taxes450/3€1k€903▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€59k€54k▼
Accrued charges and deferred income492/3€2k€875▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€95k▼
Other operating charges640/8€8k€8k▲
Gross operating margin9900€49k€56k▲
Operating profit (loss)9901€-57k€-47k▲
Financial income75/76B€127€128▲
Recurring financial income75€127€128▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€-64k€-54k▲
Transfer from deferred taxes780€23k€23k=
Profit (loss) for the period9904€-41k€-31k▲
Transfer from tax-exempt reserves789€45k€45k=
Profit (loss) for the period to be appropriated9905€3k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€-60k▲
Profit (loss) brought forward from the previous period14P€-77k€-73k▲
The notes to these accounts (8 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
12-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment2 facts ▸
- General meeting, 01/06/2026
- Director reappointment, Rita Verhaeghe (statutaire bestuurder)
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-80k
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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.
Directors · office · real estate
Directors
1 director, no change since 2026
Rita Verhaeghe
CurrentStatutaire bestuurder · since 01-06-2026
01-06-2026
Mandate renewed as Statutaire bestuurder
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1985
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.
Zonnelaan(Kor) 98500 KortrijkGround area
1,043 m²
Building footprint
249 m²
Volume, LiDAR
1,364 m³
Parcel 34352C0395/00D006, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zonnelaan(Kor) 9, 8500 Kortrijk
since 19852.027.831.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352C0395/00D006 | Flanders | 1,043 m² | 1 · 249 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.
Structure & network
Connections & network
3 connected companiesLinked via shared directors
viaRita Verhaeghe · Statutaire bestuurder
→
viaRita Verhaeghe · Director
former→
viaRita Verhaeghe · Director
former→
Similar companies · same sector, comparable size
Grafisch Bedrijven Centrum
BE 0407.264.495
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IMMO PATATJE
BE 0758.359.856
Kuurne · Eq €559k
OPTILAND HOLD
BE 0831.381.654
Brussel · Eq €559k
Bedrijvencentrum Regio Mechelen
BE 0428.667.645
Mechelen · Eq €558k
FIVAC
BE 0451.916.268
Antwerpen · Eq €558k
Of 12,012 companies in sector 68203 we hold annual accounts for 5,979. 4,393 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-08-1984
Fiscal year end31-12
Activities, NACEBEL
64120
68203Renting and operating of own or leased non-residential real estate, excluding land
52100Warehousing and storage
53200Other postal and courier activities
63121
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.