VERLITECH
ActiveSummary
VERLITECH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of -€18,876. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 50% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▲+6
Solvency72▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.36 in 2023; short-term debt: 12.1% and cash: 0.6% of total assets), and 53.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
46.9%
Return on assets
-0.6%
Age of the figures
21 mo
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
93 d early
2023
35 d early
2022
41 d early
2021
2 d early
2020
16 d early
2019
24 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 35 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 23 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 company by equity in Aartselaar, Manufacturing sector#10 company by total assets in Aartselaar, Manufacturing sector
Equity
€1.6m▼ 1.2%
2023 · €1.6m
Total assets
€3.4m▼ 9.4%
2023 · €3.7m
Net result
-€18,876▼ 103%
2023 · -€9,313
Working capital
€7,311▼ 95.4%
2023 · €157,309
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, 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
Line20202021202220232024
Operating result€139,003▼ 5.5%€83,037▼ 40.3%€33,405▼ 59.8%€42,902▲ 28.4%€32,945▼ 23.2%
Net result€43,312above the sector's middle half▲ 5.6%€79,933within the sector's middle half▲ 84.5%-€42,310below the sector's middle half-€9,313below the sector's middle half▲ 78.0%-€18,876below the sector's middle half▼ 103%
Equity€1.6mabove the sector's middle half▲ 2.8%€1.7mabove the sector's middle half▲ 5.0%€1.6mabove the sector's middle half▼ 2.5%€1.6mwithin the sector's middle half▼ 0.6%€1.6mwithin the sector's middle half▼ 1.2%
Total assets€4.1mabove the sector's middle half▲ 1.3%€4.4mabove the sector's middle half▲ 6.5%€4.1mabove the sector's middle half▼ 7.8%€3.7mabove the sector's middle half▼ 8.1%€3.4mwithin the sector's middle half▼ 9.4%
Debt€2.3m▲ 1.3%€2.6m▲ 12.1%€2.3m▼ 10.9%€2.0m▼ 13.4%€1.7m▼ 16.2%
Working capital€752,216above the sector's middle half▲ 15.2%€625,234within the sector's middle half▼ 16.9%€361,652within the sector's middle half▼ 42.2%€157,309within the sector's middle half▼ 56.5%€7,311below the sector's middle half▼ 95.4%
Solvency38.2%within the sector's middle half▲ 0.5pp37.6%within the sector's middle half▼ 0.5pp39.8%within the sector's middle half▲ 2.2pp43.0%within the sector's middle half▲ 3.2pp46.9%within the sector's middle half▲ 3.9pp
Current ratio3.20above the sector's middle half▲ 0.122.58within the sector's middle half▼ 0.631.79within the sector's middle half▼ 0.791.36within the sector's middle half▼ 0.431.02below the sector's middle half▼ 0.34
Return on assets (ROA)1.0%within the sector's middle half=1.8%within the sector's middle half▲ 0.8pp-1.0%below the sector's middle half▼ 2.8pp-0.2%below the sector's middle half▲ 0.8pp-0.6%below the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
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 falls in 2024; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.4m
Fixed assets
€3.0m ▼ 5.5%
Current assets
€416,795 ▼ 29.8%
Equity and liabilities €3.4m
Equity
€1.6m ▼ 1.2%
Provisions
€148,727 ▼ 7.5%
Debt
€1.7m ▼ 16.2%
Debt's share of the balance-sheet total falls from 52.7% to 48.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€258,929▲
2023 · €250,186
Cash flow
€207,108▲
2023 · €197,971
Debt to equity
1.04▼
2023 · 1.22
ROE
-1.2%▼
2023 · -0.6%
Interest coverage
4.39▲
2023 · 3.68
Debt ≤ 1 year
€409,484▼
2023 · €436,046
Debt > 1 year
€1.2m▼
2023 · €1.5m
Income taxes
€8,897▲
2023 · €7,212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,611 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,108 | €205,773 | €246,818 | €207,284 | €225,984 | ▲ 9.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€10,000 | - | - | - |
| Other operating charges640/8 | - | €15,938 | €24,246 | €20,067 | €22,220 | ▲ 10.7% |
| Gross operating margin9900 | €303,652 | €304,748 | €294,469 | €270,253 | €281,149 | ▲ 4.0% |
| Operating profit (loss)9901 | €139,003 | €83,037 | €33,405 | €42,902 | €32,945 | ▼ 23.2% |
| Financial income75/76B | - | €8,981 | €17,307 | €10,958 | €4,083 | ▼ 62.7% |
| Recurring financial income75 | €5,541 | €8,981 | €17,307 | €10,958 | €4,083 | ▼ 62.7% |
| Financial charges65/66B | - | €82,058 | €97,648 | €68,043 | €59,046 | ▼ 13.2% |
| Recurring financial charges65 | €85,226 | €82,058 | €97,648 | €68,043 | €59,046 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €59,317 | €9,960 | -€46,936 | -€14,183 | -€22,018 | ▼ 55.2% |
| Transfer from deferred taxes780 | - | €84,999 | €13,853 | €12,082 | €12,039 | ▼ 0.4% |
| Income taxes67/77 | €33,927 | €15,027 | €9,227 | €7,212 | €8,897 | ▲ 23.4% |
| Profit (loss) for the period9904 | €43,312 | €79,933 | -€42,310 | -€9,313 | -€18,876 | ▼ 103% |
| Transfer from tax-exempt reserves789 | - | €43,390 | €41,559 | €36,245 | €36,117 | ▼ 0.4% |
| Transfer to tax-exempt reserves689 | - | €71,839 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €78,119 | €51,484 | -€751 | €26,933 | €17,241 | ▼ 36.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €4.4m | €4.1m | €3.7m | €3.4m | ▼ 9.4% |
| Fixed assets21/28 | €3.1m | €3.4m | €3.3m | €3.2m | €3.0m | ▼ 5.5% |
| Intangible fixed assets21 | €82,828 | €144,024 | €171,839 | €218,400 | €191,003 | ▼ 12.5% |
| Tangible fixed assets22/27 | €3.0m | €3.3m | €3.1m | €2.9m | €2.8m | ▼ 5.0% |
| Land and buildings22 | - | €3.3m | €3.1m | €2.9m | €2.8m | ▼ 4.9% |
| Furniture and vehicles24 | - | €1,099 | €9,355 | €5,888 | €2,421 | ▼ 58.9% |
| Current assets29/58 | €1.1m | €1.0m | €820,993 | €593,354 | €416,795 | ▼ 29.8% |
| Amounts receivable after more than one year29 | - | €621,040 | €582,570 | €324,361 | €313,393 | ▼ 3.4% |
| Other amounts receivable291 | - | €621,040 | €582,570 | €324,361 | €313,393 | ▼ 3.4% |
| Amounts receivable within one year40/41 | €179,823 | €303,241 | €204,250 | €152,256 | €69,552 | ▼ 54.3% |
| Trade receivables40 | - | €110,820 | €4,078 | €82,771 | €4,707 | ▼ 94.3% |
| Other amounts receivable41 | - | €192,422 | €200,171 | €69,485 | €64,845 | ▼ 6.7% |
| Cash at bank and in hand54/58 | €523,259 | €91,799 | €34,173 | €116,737 | €19,820 | ▼ 83.0% |
| Deferred charges and accrued income490/1 | - | €6,115 | - | - | €14,031 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €4.4m | €4.1m | €3.7m | €3.4m | ▼ 9.4% |
| Equity10/15 | €1.6m | €1.7m | €1.6m | €1.6m | €1.6m | ▼ 1.2% |
| Contributions10/11 | - | €6,350 | €6,350 | €6,350 | €6,350 | = |
| Revaluation surpluses12 | - | €313,480 | €301,022 | €291,006 | €280,989 | ▼ 3.4% |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 0.7% |
| Non-distributable reserves130/1 | - | €1,870 | €1,870 | - | - | - |
| Reserves not available under the articles1311 | - | €1,870 | €1,870 | - | - | - |
| Tax-exempt reserves132 | - | €560,101 | €518,542 | €482,296 | €446,180 | ▼ 7.5% |
| Distributable reserves133 | - | €780,996 | €792,704 | €831,523 | €858,780 | ▲ 3.3% |
| Provisions and deferred taxes16 | €281,700 | €196,700 | €172,847 | €160,765 | €148,727 | ▼ 7.5% |
| Provisions for liabilities and charges160/5 | - | €10,000 | - | - | - | - |
| Major repairs and maintenance162 | - | €10,000 | - | - | - | - |
| Deferred taxes168 | - | €186,700 | €172,847 | €160,765 | €148,727 | ▼ 7.5% |
| Amounts payable17/49 | €2.3m | €2.6m | €2.3m | €2.0m | €1.7m | ▼ 16.2% |
| Amounts payable after more than one year17 | €1.9m | €2.2m | €1.8m | €1.5m | €1.2m | ▼ 19.1% |
| Financial debts170/4 | - | €2.2m | €1.8m | €1.5m | €1.2m | ▼ 19.1% |
| Amounts payable within one year42/48 | €341,157 | €396,962 | €459,341 | €436,046 | €409,484 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | €263,465 | €274,778 | €284,247 | €294,107 | ▲ 3.5% |
| Trade debts44 | €102,749 | €133,470 | €175,337 | €126,697 | €66,559 | ▼ 47.5% |
| Suppliers440/4 | - | €133,470 | €175,337 | €126,697 | €66,559 | ▼ 47.5% |
| Taxes, remuneration and social security45 | - | €27 | €9,227 | €7,175 | €16,072 | ▲ 124% |
| Taxes450/3 | - | €27 | €9,227 | €7,175 | €16,072 | ▲ 124% |
| Other amounts payable47/48 | - | - | - | €17,926 | €32,746 | ▲ 82.7% |
| Accrued charges and deferred income492/3 | - | - | - | €1,060 | €2,150 | ▲ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,312 | €79,933 | -€42,310 | -€9,313 | -€18,876 | ▼ 103% |
| + Depreciation and write-downs630 | €148,108 | €205,773 | €246,818 | €207,284 | €225,984 | ▲ 9.0% |
| Operating cash flow (approximation) | €191,421 | €285,705 | €204,509 | €197,971 | €207,108 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | -€547,279 | -€102,201 | -€107,046 | -€52,050 | ▲ 51.4% |
| Change in cash | - | -€431,460 | -€57,626 | €82,564 | -€96,918 | ▼ 217% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€42,310
Net result drops to -€42,310, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Aartselaar · 1 establishment unit since 2009
Ground area
1,883 m²
Building footprint
1,790 m²
Volume, LiDAR
12,855 m³
Parcel 11001B0347/00G000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
VERLITECH
since 20092.184.327.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0347/00G000 | Flanders | 1,883 m² | 1 · 1,790 m² | 8.7 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 15,000 EUR awarded · 15,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 0 EUR | 2,518 EUR |
| 2022 | 1 | 7,500 EUR | 4,982 EUR |
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Of 371 companies in sector 22210 we hold annual accounts for 294. 195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
25110Manufacture of metal structures and parts of structures
43320Joinery installation
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878914921
Also
9925:BE0878914921
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.