VERNET GROUP

Active

Private limited companyfounded 200718 yrs activeEmile Jacqmainlaan 16, 1000 Brussel, BelgiumKBO/BCE: BE 0894.059.094

The computed 12-month bankruptcy probability of VERNET GROUP is 2.1% (moderate). The 2024 annual accounts show equity of €203k and a net result of €42k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 6541 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

58 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▲+3

Solvency39▼-14

Growth78=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity short (current ratio 0.97 against 1.39 in 2023; short-term debt: 45% and cash: 32.4% of total assets), and 86.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

5 d late

2022

7 d late

2021

10 d late

2020

6 d late

2019

2 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€42k▲ 21.0%

2023 · €35k

2018: €10k 2019: €19k 2020: €526 2021: €14k 2022: €26k 2023: €35k

2018 → 2024

Working capital

€-17k

2023 · €158k

2018: €66k 2019: €85k 2020: €88k 2021: €92k 2022: €117k 2023: €158k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€100k-€100k▲ 0.3%€126k▲ 25.5%€161k▲ 27.8%€203k▲ 26.3%

Operating result€12k-€28k▲ 127%€50k▲ 78.6%€72k▲ 44.8%€81k▲ 11.8%

Net result€526-€14k▲ 2,625%€26k▲ 78.5%€35k▲ 36.8%€42k▲ 21.0%

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 12% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.47M

56.2%

43.8%

Fixed assets €825k▲ 5,639%

Current assets €643k▲ 13.6%

Equity and liabilities €1.47M

13.8%

86.2%

Equity €203k▲ 26.3%

Debt €1.27M▲ 201%

The debt ratio rises from 72.3% to 86.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€194k▲

2023 · €78k

Cash flow

€155k▲

2023 · €41k

Solvency

13.8%▼

2023 · 27.7%

Current ratio

0.97▼

2023 · 1.39

Quick ratio

0.94▼

2023 · 1.36

Debt / equity

6.23▲

2023 · 2.61

ROE

20.9%▼

2023 · 21.8%

ROA

2.9%▼

2023 · 6.0%

Interest coverage

13.51▲

2023 · 5.17

Debt

€1.27M▲

2023 · €420k

Debt ≤ 1 year

€660k▲

2023 · €408k

Debt > 1 year

€592k

Income taxes

€24k▲

2023 · €22k

Staff costs

€215k▼

2023 · €229k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€581k€1.47M▲

Fixed assets21/28€14k€825k▲

Intangible fixed assets21€10k€6k▼

Tangible fixed assets22/27€3k€818k▲

Land and buildings22-€815k

Furniture and vehicles24€1k€1k▲

Other tangible fixed assets26€2k€1k▼

Financial fixed assets28€1k€1k=

Current assets29/58€566k€643k▲

Stocks and contracts in progress3€11k€19k▲

Stocks30/36€11k€19k▲

Amounts receivable within one year40/41€9k€33k▲

Trade receivables40€6k€25k▲

Other amounts receivable41€4k€8k▲

Cash at bank and in hand54/58€540k€476k▼

Deferred charges and accrued income490/1€6k€115k▲

Equity and liabilities

Total equity and liabilities10/49€581k€1.47M▲

Equity10/15€161k€203k▲

Contributions10/11€19k€19k=

Reserves13€119k€159k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€117k€157k▲

Profit (loss) carried forward14€23k€26k▲

Amounts payable17/49€420k€1.27M▲

Amounts payable after more than one year17-€592k

Financial debts170/4-€592k

Amounts payable within one year42/48€408k€660k▲

Current portion of amounts payable after more than one year42€7k€50k▲

Trade debts44€363k€573k▲

Suppliers440/4€363k€573k▲

Taxes, remuneration and social security45€38k€37k▼

Taxes450/3€18k€17k▼

Remuneration and social security454/9€20k€20k▼

Other amounts payable47/48€823€837▲

Accrued charges and deferred income492/3€12k€14k▲

Income statement Code20232024

Non-recurring operating income76A€3€15k▲

Remuneration, social security and pensions62€229k€215k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€113k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€34k

Other operating charges640/8€4k€3k▼

Non-recurring operating charges66A€2€128▲

Gross operating margin9900€311k€445k▲

Operating profit (loss)9901€72k€81k▲

Financial income75/76B€11€69▲

Recurring financial income75€11€69▲

Financial charges65/66B€15k€14k▼

Recurring financial charges65€15k€14k▼

Profit (loss) for the period before taxes9903€57k€67k▲

Income taxes67/77€22k€24k▲

Profit (loss) for the period9904€35k€42k▲

Profit (loss) for the period to be appropriated9905€35k€42k▲

Appropriation of the result

Profit (loss) to be appropriated9906€55k€66k▲

Profit (loss) brought forward from the previous period14P€20k€23k▲

Transfer to equity691/2€32k€40k▲

To other reserves6921€32k€40k▲

Social balance

Average headcount (FTE)90877.16.3▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 60 days late

2024

31-12

Financial Highest result since 2018net €42k ▲21%

Operating result €81k, net result €42k, both a record.

31-12

Financial Equity above €200kEq €203k ▲26.3%

7 profitable years in a row build equity to €203k.

05-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 5 days late

2023

31-12

Financial Equity above €150kEq €161k ▲27.8%

6 profitable years in a row build equity to €161k.

07-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 7 days late

2022

10-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 10 days late

2021

31-12

Financial Equity above €100kEq €100k ▲0.3%

4 profitable years in a row build equity to €100k.

06-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 6 days late

2020

31-12

Financial Weakest financial yearnet €526 ▼97.2%

Net result drops to €526, the lowest in the series; recovery starts the following year.

29-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

29-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

30-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

14-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

21-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Brussel · 3 establishment units since 2009

establishment All 3 establishment units on the map

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.

Emile Jacqmainlaan 161000 Brussel

Ground area

2.4 ha

Building footprint

2.2 ha

Volume, LiDAR

555,435 m³

4 parcels, Brussels · tallest building 63.3 m, ±11 floors. Linked by address, not a title deed.

3 establishment units

Chocolats LINDT

Nieuwstraat 123, 1000 BrusselRetail sale of chocolate and confectionery

since 20092.193.727.155

CHOC NEUHAUS

Grétrystraat 12, 1000 BrusselRetail sale of chocolate and confectionery

since 20092.193.727.452

CHOC NEUHAUS

Handelsstraat 19, 1000 BrusselRetail sale of chocolate and confectionery

since 20102.193.727.749

4 parcels

Brussels 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21802B1669/00A000	Brussels	1.6 ha	1 · 1.6 ha	63.3 m · 7 fl.
21802B1472/00K000	Brussels	5,275 m²	1 · 5,338 m²	33.3 m · 10 fl.
21812N0879/00D000	Brussels	2,324 m²	1 · 410 m²	36.2 m · 11 fl.
21805E0486/00D003	Brussels	249 m²	1 · 249 m²	21.7 m · 7 fl.