VERMAGA
ActiveVERMAGA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 1295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+2
Solvency28▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.14 in 2024; short-term debt: 52% and cash: 4.4% of total assets), and 96.6% 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 · 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
3.4%
Return on assets
1.7%
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 55
Relative position
BE, all sectors
reference
Sector 55
higher
← 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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
34 d early
2023
106 d early
2022
61 d early
2021
53 d early
2020
96 d early
2019
22 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 96.7%
2024 · €12k
2018: €65k
2019: €69k
2020: €73k
2021: €78k
2022: €10k
2023: €-424
2024: €12k
2018 → 2025
Total assets
€726k▼ 3.0%
2024 · €748k
2018: €202k
2019: €201k
2020: €215k
2021: €208k
2022: €202k
2023: €755k
2024: €748k
2018 → 2025
Net result
€12k▼ 6.5%
2024 · €13k
2018: €4k
2019: €5k
2020: €4k
2021: €5k
2022: €2k
2023: €-10k
2024: €13k
2018 → 2025
Working capital
€-322k▲ 2.3%
2024 · €-329k
2018: €-17k
2019: €-13k
2020: €-26k
2021: €-26k
2022: €-115k
2023: €-356k
2024: €-329k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€10k▼ 87.2%€-424€12k€25k▲ 96.7%
Operating result€11k-€8k▼ 34.7%€4k▼ 47.9%€28k▲ 625%€29k▲ 3.9%
Net result€5k-€2k▼ 65.8%€-10k€13k€12k▼ 6.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €726k
Fixed assets
€670k▼ 3.5%
Current assets
€56k▲ 3.3%
Equity and liabilities €726k
Equity
€25k▲ 96.7%
Debt
€702k▼ 4.7%
The debt ratio falls from 98.3% to 96.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▲
2024 · €56k
Cash flow
€40k▼
2024 · €41k
Solvency
3.4%▲
2024 · 1.7%
Current ratio
0.15▲
2024 · 0.14
Quick ratio
0.15▲
2024 · 0.14
Debt / equity
28.56▼
2024 · 58.93
ROE
49.2%▼
2024 · 103.4%
ROA
1.7%▼
2024 · 1.7%
Interest coverage
3.86▲
2024 · 3.63
Debt
€702k▼
2024 · €736k
Debt ≤ 1 year
€378k▼
2024 · €383k
Debt > 1 year
€304k▼
2024 · €326k
Income taxes
€2k▲
2024 · €0
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€748k€726k▼
Fixed assets21/28€694k€670k▼
Tangible fixed assets22/27€694k€670k▼
Land and buildings22€673k€651k▼
Plant, machinery and equipment23€8k€10k▲
Furniture and vehicles24€13k€9k▼
Current assets29/58€54k€56k▲
Amounts receivable within one year40/41€40k€22k▼
Trade receivables40€27k€21k▼
Other amounts receivable41€13k€1k▼
Cash at bank and in hand54/58€12k€32k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€748k€726k▼
Equity10/15€12k€25k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€2k€15k▲
Amounts payable17/49€736k€702k▼
Amounts payable after more than one year17€326k€304k▼
Financial debts170/4€326k€304k▼
Amounts payable within one year42/48€383k€378k▼
Current portion of amounts payable after more than one year42€23k€22k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Other amounts payable47/48€353k€353k▼
Accrued charges and deferred income492/3€26k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€60k€62k▲
Operating profit (loss)9901€28k€29k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€15k€15k▼
Recurring financial charges65€15k€15k▼
Profit (loss) for the period before taxes9903€13k€14k▲
Income taxes67/77€0€2k▲
Profit (loss) for the period9904€13k€12k▼
Profit (loss) for the period to be appropriated9905€13k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€15k▲
Profit (loss) brought forward from the previous period14P€-10k€2k▲
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼679%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Verviers
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.
Avenue Nicolaï 524802 VerviersGround area
877 m²
Building footprint
151 m²
Volume, LiDAR
1,595 m³
Parcel 63036A0024/00W012, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63036A0024/00W012 | Wallonia | 877 m² | 1 · 151 m² | 13.9 m · 4 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.
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BE 0877.377.965
Orp-Jauche · Eq €25k
MOKEN
BE 0791.614.921
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LAPSCHUERE
BE 0807.990.402
Kruisem · Eq €24k
JULIAN ANCIAUX IMMOBILIER
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Of 3,001 companies in sector 55203 we hold annual accounts for 689. 437 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2009
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.