VERSAEVEL
ActiveVERSAEVEL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €401k and a net result of €77k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 6717 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+13
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.55 against 4.65 in 2023; short-term debt: 15% and cash: 27.5% of total assets), and 16% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84%
Return on assets
16.1%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
22 d early
2022
41 d early
2021
20 d early
2020
25 d late
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€401k▲ 23.7%
2023 · €324k
2018: €175k
2019: €187k
2020: €225k
2021: €274k
2022: €299k
2023: €324k
2018 → 2024
Total assets
€477k▲ 7.2%
2023 · €445k
2018: €281k
2019: €261k
2020: €287k
2021: €390k
2022: €397k
2023: €445k
2018 → 2024
Net result
€77k▲ 208%
2023 · €25k
2018: €6k
2019: €12k
2020: €39k
2021: €49k
2022: €25k
2023: €25k
2018 → 2024
Working capital
€325k▲ 24.7%
2023 · €260k
2018: €143k
2019: €155k
2020: €194k
2021: €243k
2022: €264k
2023: €260k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€225k-€274k▲ 21.6%€299k▲ 9.2%€324k▲ 8.3%€401k▲ 23.7%
Operating result€57k-€76k▲ 33.7%€43k▼ 44.1%€41k▼ 4.9%€116k▲ 186%
Net result€39k-€49k▲ 26.6%€25k▼ 48.2%€25k▼ 1.2%€77k▲ 208%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 186% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €477k
Fixed assets
€81k▼ 28.6%
Current assets
€396k▲ 19.4%
Equity and liabilities €477k
Equity
€401k▲ 23.7%
Debt
€76k▼ 37.0%
The debt ratio falls from 27.2% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153k▲
2023 · €67k
Cash flow
€113k▲
2023 · €51k
Solvency
84.0%▲
2023 · 72.8%
Current ratio
5.55▲
2023 · 4.65
Quick ratio
5.55▲
2023 · 4.65
Debt / equity
0.19▼
2023 · 0.37
ROE
19.1%▲
2023 · 7.7%
ROA
16.1%▲
2023 · 5.6%
Interest coverage
57.03▼
2023 · 71.39
Debt
€76k▼
2023 · €121k
Debt ≤ 1 year
€71k▲
2023 · €71k
Debt > 1 year
€5k▼
2023 · €50k
Income taxes
€40k▲
2023 · €15k
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€445k€477k▲
Fixed assets21/28€113k€81k▼
Tangible fixed assets22/27€112k€79k▼
Plant, machinery and equipment23€9k€9k▲
Furniture and vehicles24€103k€70k▼
Financial fixed assets28€2k€2k=
Current assets29/58€332k€396k▲
Amounts receivable within one year40/41€10k€3k▼
Trade receivables40€2k€2k▲
Other amounts receivable41€8k€900▼
Current investments50/53€216k€261k▲
Cash at bank and in hand54/58€105k€131k▲
Deferred charges and accrued income490/1€636€674▲
Equity and liabilities
Total equity and liabilities10/49€445k€477k▲
Equity10/15€324k€401k▲
Contributions10/11€19k€19k=
Reserves13€224k€301k▲
Tax-exempt reserves132€72k€72k=
Distributable reserves133€152k€229k▲
Profit (loss) carried forward14€82k€82k=
Amounts payable17/49€121k€76k▼
Amounts payable after more than one year17€50k€5k▼
Financial debts170/4€50k€5k▼
Amounts payable within one year42/48€71k€71k▲
Current portion of amounts payable after more than one year42€46k€45k▼
Trade debts44€15k€11k▼
Suppliers440/4€15k€11k▼
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€10k€10k▲
Remuneration and social security454/9-€6k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€37k▲
Other operating charges640/8€857€979▲
Non-recurring operating charges66A€375-
Gross operating margin9900€68k€154k▲
Operating profit (loss)9901€41k€116k▲
Financial income75/76B€560€3k▲
Recurring financial income75€560€3k▲
Financial charges65/66B€933€3k▲
Recurring financial charges65€933€3k▲
Profit (loss) for the period before taxes9903€40k€117k▲
Income taxes67/77€15k€40k▲
Profit (loss) for the period9904€25k€77k▲
Profit (loss) for the period to be appropriated9905€25k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€106k€158k▲
Profit (loss) brought forward from the previous period14P€82k€82k=
Transfer to equity691/2€25k€77k▲
To other reserves6921€25k€77k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €77k ▲208%
Operating result €116k, net result €77k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Equity above €200kEq €225k ▲20.6%
3 profitable years in a row build equity to €225k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Wervik · 1 establishment unit since 2001
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.
Kruisekestraat 488940 WervikGround area
1,713 m²
Building footprint
145 m²
Volume, LiDAR
470 m³
Parcel 33029E0570/00R002, Flanders · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kruisekestraat 48, 8940 Wervik
since 20012.095.301.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029E0570/00R002 | Flanders | 1,713 m² | 1 · 145 m² | 3.9 m · 1 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.
Similar companies · same sector, comparable size
TRANSPORT DELCOURT GEERT
BE 0431.568.440
Lennik · Eq €401k
TRANSPORT VANDEWOUDE
BE 0435.854.256
Staden · Eq €401k
Transport Desmet Lorenzo
BE 0735.526.551
Lichtervelde · Eq €401k
LARUE & STEINBECK
BE 0464.805.588
Welkenraedt · Eq €401k
IVEMAR
BE 0867.168.023
Tubize · Eq €401k
Of 12,606 companies in sector 49410 we hold annual accounts for 8,195. 5,519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2001
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.