Active BE 0877.901.468Public limited companyOpen bankruptcy

VERLIMAS

Zuidstraat 18 ·8560 Wevelgem, Belgium· 20 yrs active

Sector: NACE 13200 (13200)

Conclusion Checked

A bankruptcy procedure is open for VERLIMAS according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-3.87M) and a net result of €-1.13M.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-3.87M
Net result	€-1.13M
Staff (FTE)	21.5
Active	20 yrs

Snowflake analysis 5 axes · computed by Checked

41 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 72

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 13-04-2026 with the NBB · fiscal year 2025 · verkort

RevenueOperating resultNet result

Revenue

€4.12M

+21.0% 18–25

EBITDA

€-999k

-79.8% 18–25

Net profit

€-1.13M

-28.2% 18–25

Cash flow

€-1.09M

-71.9% 18–25

Total assets

€452k

-61.7% 18–25

Equity

€-3.87M

-117.5% 18–25

Working capital

€-3.26M

-66.1% 18–25

Employees (FTE)

22

-32.4% 18–25

Staff costs

€1.05M

-35.7% 18–25

Income taxes

€101

-82.6% 18–25

Debt

€3.63M

+22.8% 18–25

Debt ≤ 1y

€3.61M

+23.1% 18–25

Debt > 1y

€376

-92.2% 18–25

Current ratio

0.10

-70.7% 18–25

Quick ratio

0.06

-69.7% 18–25

Solvency

-854.6%

-467.9% 18–25

Debt / equity

-0.94

+43.6% 18–25

ROE

29.2%

-41.1% 18–25

ROA

-249.9%

-234.5% 18–25

Net margin

-7.9%

+90.9% 18–25

EBITDA margin

1.1%

-97.7% 18–25

Interest coverage

-10.94

-53.9% 18–25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	—
EBITDA	€-999k
Net profit	€-1.13M
Cash flow	€-1.09M
Staff costs	€1.05M
Income taxes	€101
Dividends	—
Total assets	€452k
Equity	€-3.87M
Debt	€3.63M
of which ≤ 1y	€3.61M
of which > 1y	—
Working capital	€-3.26M
Employees (FTE)	21.5

Ratios (computed)

	2025
Current ratio	0.10
Quick ratio	0.06
Working capital ratio	-721.1%
Solvency	-854.6%
Debt / equity	-0.94
Long-term debt ratio	—
Interest coverage	-10.94
Gross margin	—
Net margin	—
ROA	-249.9%
ROE	29.2%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2025

Assets

Fixed assets €102k · 22.6% Current assets €350k · 77.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet — Assets
TOTAL ASSETS	20/58	€452k
Fixed assets	21/28	€102k
Tangible fixed assets	22/27	€102k
Current assets	29/58	€350k
Stocks & contracts in progress	3	€137k
Amounts receivable within one year	40/41	€166k
Cash & bank	54/58	€41k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€452k
Equity	10/15	€-3.87M
Contributions / capital	10/11	€3.49M
Reserves	13	€41k
Accumulated profits (losses)	14	€-7.39M
Provisions & deferred taxes	16	€687k
Amounts payable	17/49	€3.63M
Amounts payable within one year	42/48	€3.61M
Trade debts payable within one year	44	€297k
Income statement
Gross operating margin	9900	€673k
Operating result	9901	€-1.04M
Financial income	75	€0
Financial charges	65	€91k
Result before taxes	9903	€-1.13M
Income taxes	67/77	€101
Net result for the period	9904	€-1.13M
Result to be appropriated	9905	€-1.13M

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	Carmen MATTHIJS OUDE IEPERSTRAAT 4, 8560 WEVELGEM ↔ Also on 42 other cases	16-04-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	13200
Legal form	Public limited company(014)
Incorporation	14-12-2005
Status	Active
Postal code	8560
First BS signal	24-04-2026
Latest BS signal	24-04-2026

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

VERLIMAS

Zuidstraat 18, 8560 WevelgemVervaardiging van gegolfd papier, golfkarton en verpakkingsmateriaal van papier en karton

since 20052.150.560.967

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34041C0880/00N000	Flanders	2.5 ha	1 · 114 m²	—

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

24-04-2026

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · VERLIMAS NV ZUID- STRAAT 18, 8560 WEVELGEM · event 16-04-2026

13-04-2026