VERLIMAS
Open bankruptcyA bankruptcy procedure is open for VERLIMAS according to publications in the Belgian State Gazette; curator: Carmen MATTHIJS.
Summary
The 2025 annual accounts show negative equity (-€3.9m) and a net result of -€1.1m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 16 April 2026
- Supervising judge
- Frank Vandelanotte
- Official Gazette
- 24-04-2026 (pdf) ↗search the document for 2026/118004
Curator
- Carmen MatthijsOude Ieperstraat 4, 8560 Wevelgemcarmen.matthijs@lysiasadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.9m
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 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
1 d early
2023
6 d early
2022
25 d early
2021
5 d early
2020
29 d early
2019
on the day
← 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 12 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Manufacture of textiles sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.1m▲ 45.9%
2020 · €2.8m
EBIT margin
-7.4%▲ 21.4pp
2020 · -28.8%
Net result
-€1.1m▼ 18.0%
2024 · -€958,234
Working capital
-€3.3m▼ 12.8%
2024 · -€2.9m
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
Line20212022202320242025
Turnover€4.1m▲ 45.9%
Operating result-€304,294▲ 62.6%-€18,750▲ 93.8%-€803,498▼ 4,185%-€814,796▼ 1.4%-€1.0m▼ 27.5%
Net result-€323,981▲ 61.1%-€38,351▲ 88.2%-€882,186▼ 2,200%-€958,234▼ 8.6%-€1.1m▼ 18.0%
EBIT margin-7.4%▲ 21.4pp
Equity-€856,730▼ 60.8%-€895,081▼ 4.5%-€1.8m▼ 98.6%-€2.7m▼ 53.9%-€3.9m▼ 41.3%
Total assets€2.0m▼ 12.8%€1.3m▼ 35.4%€1.2m▼ 6.4%€775,729▼ 34.3%€452,402▼ 41.7%
Debt€2.8m▲ 1.4%€2.2m▼ 23.3%€3.0m▲ 37.2%€3.5m▲ 18.7%€3.6m▲ 3.4%
Working capital-€1.4m▼ 3.4%-€1.2m▲ 16.9%-€2.0m▼ 64.4%-€2.9m▼ 47.2%-€3.3m▼ 12.8%
Staff (FTE)28.7▲ 5.5%31.2▲ 8.7%31.8▲ 1.9%31▼ 2.5%21.5▼ 30.6%
Why a figure moved sharply
- 2022 Net result +88% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.0m in 2025 against €814,796 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €452,402
Fixed assets
€102,350 ▼ 36.7%
Current assets
€350,052 ▼ 43.0%
Key figures and ratios
EBITDA
-€999,214▼
2024 · -€734,569
Cash flow
-€1.1m▼
2024 · -€878,008
Solvency
-854.6%▼
2024 · -352.6%
Current ratio
0.10▼
2024 · 0.18
Quick ratio
0.06▼
2024 · 0.10
Debt to equity
-0.94▲
2024 · -1.28
ROA
-249.9%▼
2024 · -123.5%
Interest coverage
-10.94▼
2024 · -5.13
Debt ≤ 1 year
€3.6m▲
2024 · €3.5m
Income taxes
€101▼
2024 · €411
Staff costs
€1.1m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.3m | - | - | - | - | - |
| Turnover70 | €4.1m | - | - | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€34,726 | - | - | - | - | - |
| Other operating income74 | €190,855 | - | - | - | - | - |
| Non-recurring operating income76A | €9,826 | €75,849 | €7,306 | €110,444 | €363,728 | ▲ 229% |
| Operating charges60/66A | €4.6m | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €840,387 | - | - | - | - | - |
| Purchases600/8 | €851,768 | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | -€11,381 | - | - | - | - | - |
| Services and other goods61 | €1.7m | - | - | - | - | - |
| Remuneration, social security and pensions62 | €1.7m | €1.8m | €1.6m | €1.5m | €1.1m | ▼ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €349,142 | €297,995 | €247,775 | €80,226 | €39,901 | ▼ 50.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€5,594 | -€60,566 | -€27,865 | €103,081 | -€87,139 | ▼ 185% |
| Other operating charges640/8 | €4,590 | €59,841 | €17,494 | €3,959 | €13,868 | ▲ 250% |
| Non-recurring operating charges66A | €9,406 | €5,180 | €30,978 | €64,730 | €692,112 | ▲ 969% |
| Gross operating margin9900 | - | €2.0m | €1.1m | €890,932 | €672,905 | ▼ 24.5% |
| Operating profit (loss)9901 | -€304,294 | -€18,750 | -€803,498 | -€814,796 | -€1.0m | ▼ 27.5% |
| Financial income75/76B | €24 | €116 | €32 | €63 | €0 | ▼ 100.0% |
| Recurring financial income75 | €24 | €116 | €32 | €63 | €0 | ▼ 100.0% |
| Other financial income752/9 | €24 | - | - | - | - | - |
| Financial charges65/66B | €19,068 | €19,044 | €78,143 | €143,091 | €91,311 | ▼ 36.2% |
| Recurring financial charges65 | €19,068 | €19,044 | €78,143 | €143,091 | €91,311 | ▼ 36.2% |
| Debt charges650 | €15,820 | - | - | - | - | - |
| Other financial charges652/9 | €3,248 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€323,338 | -€37,678 | -€881,609 | -€957,823 | -€1.1m | ▼ 18.0% |
| Income taxes67/77 | €643 | €672 | €578 | €411 | €101 | ▼ 75.5% |
| Taxes670/3 | €643 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€323,981 | -€38,351 | -€882,186 | -€958,234 | -€1.1m | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | -€323,981 | -€38,351 | -€882,186 | -€958,234 | -€1.1m | ▼ 18.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.3m | €1.2m | €775,729 | €452,402 | ▼ 41.7% |
| Fixed assets21/28 | €595,319 | €329,502 | €211,406 | €161,705 | €102,350 | ▼ 36.7% |
| Intangible fixed assets21 | €1,520 | - | - | - | - | - |
| Tangible fixed assets22/27 | €593,664 | €329,502 | €211,406 | €161,705 | €102,350 | ▼ 36.7% |
| Plant, machinery and equipment23 | €441,949 | €246,303 | €190,447 | €152,372 | €101,221 | ▼ 33.6% |
| Furniture and vehicles24 | €587 | €1,289 | €2,349 | €1,697 | €1,129 | ▼ 33.5% |
| Leasing and similar rights25 | €25,175 | €12,798 | €6,338 | €654 | - | - |
| Other tangible fixed assets26 | €125,953 | €69,112 | €12,273 | €6,981 | - | - |
| Financial fixed assets28 | €135 | - | - | - | - | - |
| Other financial fixed assets284/8 | €135 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €135 | - | - | - | - | - |
| Current assets29/58 | €1.4m | €931,589 | €969,600 | €614,025 | €350,052 | ▼ 43.0% |
| Stocks and contracts in progress3 | €476,406 | €428,603 | €399,564 | €275,880 | €137,386 | ▼ 50.2% |
| Stocks30/36 | €476,406 | €428,603 | €399,564 | €275,880 | €137,386 | ▼ 50.2% |
| Raw materials and consumables30/31 | €269,508 | - | - | - | - | - |
| Work in progress32 | €206,897 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €873,412 | €496,219 | €568,626 | €326,276 | €165,742 | ▼ 49.2% |
| Trade receivables40 | €853,956 | €484,121 | €558,431 | €307,762 | €159,348 | ▼ 48.2% |
| Other amounts receivable41 | €19,456 | €12,098 | €10,195 | €18,514 | €6,395 | ▼ 65.5% |
| Cash at bank and in hand54/58 | €84 | €145 | €10 | €9 | €40,979 | ▲ 462,939% |
| Deferred charges and accrued income490/1 | €7,743 | €6,622 | €1,400 | €11,859 | €5,945 | ▼ 49.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.3m | €1.2m | €775,729 | €452,402 | ▼ 41.7% |
| Equity10/15 | -€856,730 | -€895,081 | -€1.8m | -€2.7m | -€3.9m | ▼ 41.3% |
| Contributions10/11 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Capital10 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Issued capital100 | €3.5m | €3.5m | €3.5m | €3.5m | €3.5m | = |
| Outside capital11 | €2,041 | €2,041 | €2,041 | €2,041 | €2,041 | = |
| Share premium1100/10 | €2,041 | €2,041 | €2,041 | €2,041 | €2,041 | = |
| Reserves13 | €41,487 | €41,487 | €41,487 | €41,487 | €41,487 | = |
| Non-distributable reserves130/1 | €41,487 | €41,487 | €41,487 | €41,487 | €41,487 | = |
| Legal reserve130 | €40,979 | €40,979 | €40,979 | €40,979 | €40,979 | = |
| Reserves not available under the articles1311 | €508 | €508 | €508 | €508 | €508 | = |
| Profit (loss) carried forward14 | -€4.4m | -€4.4m | -€5.3m | -€6.3m | -€7.4m | ▼ 18.1% |
| Provisions and deferred taxes16 | - | - | - | - | €687,001 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €687,001 | - |
| Other liabilities and charges164/5 | - | - | - | - | €687,001 | - |
| Amounts payable17/49 | €2.8m | €2.2m | €3.0m | €3.5m | €3.6m | ▲ 3.4% |
| Amounts payable after more than one year17 | €9,838 | €4,830 | €376 | - | - | - |
| Financial debts170/4 | €9,838 | €4,830 | €376 | - | - | - |
| Leasing and similar obligations172 | €9,838 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.8m | €2.1m | €2.9m | €3.5m | €3.6m | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | €31,937 | €5,008 | €4,453 | €376 | - | - |
| Financial debts43 | €202,562 | - | - | - | - | - |
| Credit institutions430/8 | €202,562 | - | - | - | - | - |
| Trade debts44 | €668,169 | €511,053 | €461,067 | €313,720 | €297,090 | ▼ 5.3% |
| Suppliers440/4 | €668,169 | €511,053 | €461,067 | €313,720 | €297,090 | ▼ 5.3% |
| Taxes, remuneration and social security45 | €341,874 | €468,113 | €348,547 | €428,497 | €267,254 | ▼ 37.6% |
| Taxes450/3 | €53,465 | €100,966 | €15,009 | €93,063 | €100,367 | ▲ 7.8% |
| Remuneration and social security454/9 | €288,410 | €367,147 | €333,539 | €335,434 | €166,887 | ▼ 50.2% |
| Other amounts payable47/48 | €1.6m | €1.1m | €2.1m | €2.8m | €3.0m | ▲ 10.3% |
| Accrued charges and deferred income492/3 | €3,808 | €24,560 | €23,679 | €6,000 | €18,900 | ▲ 215% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€323,981 | -€38,351 | -€882,186 | -€958,234 | -€1.1m | ▼ 18.0% |
| + Depreciation and write-downs630 | €349,142 | €297,995 | €247,775 | €80,226 | €39,901 | ▼ 50.3% |
| Operating cash flow (approximation) | €25,161 | €259,644 | -€634,411 | -€878,008 | -€1.1m | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | -€32,177 | -€129,679 | -€30,524 | €19,453 | ▲ 164% |
| Change in cash | - | €61 | -€134 | -€2 | €40,970 | ▲ 2,713,351% |
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
24-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 16-04-2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
16 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, Wevelgem · 1 establishment unit since 2005
Ground area
2.5 ha
Building footprint
114 m²
Parcel 34041C0880/00N000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
VERLIMAS
since 20052.150.560.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0880/00N000 | Flanders | 2.5 ha | 1 · 114 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Carmen MATTHIJS OUDE IEPERSTRAAT 4,
8560 WEVELGEM |
16-04-2026 → present |
Structure & network
Owners and holdings
1 ownerChain of control
- FIN - COL
- VERLIMAS
Highest known parent: FIN - COL. The sources do not say who stands above it.
Owners 1
-
99.99%
Holdings 0
The accounts to 30-09-2021 list no holdings, and no other source names one.
According to the annual accounts to 30-09-2021 of VERLIMAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 4,883 EUR awarded · 4,883 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,497 EUR | 2,497 EUR |
| 2022 | 1 | 2,386 EUR | 2,386 EUR |
Schemes
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Of 136 companies in sector 13200 we hold annual accounts for 85. 50 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-12-2005
Fiscal year end30-09
Activities, NACEBEL 2025
13200Manufacture of textiles
13300Finishing of textiles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877901468
Registered
08-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.