VERSAVEL
ActiveVERSAVEL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €995k and a net result of €289k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
93
/ 100
Excellent▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency90▲+21
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.38 in 2024), and 48.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
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 2025Solvency, return and age of the figures
Solvency
51.8%
Return on assets
15.1%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
31 d early
2023
9 d early
2022
6 d early
2021
29 d early
2020
30 d early
2019
11 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€995k▲ 41.0%
2024 · €705k
2018: €190k
2019: €218k
2020: €237k
2021: €436k
2022: €511k
2023: €571k
2024: €705k
2018 → 2025
Total assets
€1.92M▲ 7.5%
2024 · €1.79M
2018: €552k
2019: €575k
2020: €628k
2021: €1.40M
2022: €1.56M
2023: €1.66M
2024: €1.79M
2018 → 2025
Net result
€289k▼ 13.3%
2024 · €334k
2018: €53k
2019: €79k
2020: €59k
2021: €199k
2022: €75k
2023: €60k
2024: €334k
2018 → 2025
Working capital
€387k▲ 63.8%
2024 · €236k
2018: €47k
2019: €79k
2020: €53k
2021: €236k
2022: €36k
2023: €129k
2024: €236k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€436k-€511k▲ 17.2%€571k▲ 11.7%€705k▲ 23.5%€995k▲ 41.0%
Operating result€239k-€115k▼ 51.8%€144k▲ 25.3%€415k▲ 187%€412k▼ 0.7%
Net result€199k-€75k▼ 62.4%€60k▼ 19.9%€334k▲ 457%€289k▼ 13.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.92M
Fixed assets
€1.01M▲ 9.5%
Current assets
€912k▲ 5.4%
Equity and liabilities €1.92M
Equity
€995k▲ 41.0%
Debt
€925k▼ 14.4%
The debt ratio falls from 60.5% to 48.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€514k▲
2024 · €506k
Cash flow
€392k▼
2024 · €426k
Solvency
51.8%▲
2024 · 39.5%
Current ratio
1.74▲
2024 · 1.38
Quick ratio
1.39▲
2024 · 1.13
Debt / equity
0.93▼
2024 · 1.53
ROE
29.1%▼
2024 · 47.3%
ROA
15.1%▼
2024 · 18.7%
Interest coverage
13.96▲
2024 · 10.87
Debt
€925k▼
2024 · €1.08M
Debt ≤ 1 year
€524k▼
2024 · €628k
Debt > 1 year
€401k▼
2024 · €452k
Income taxes
€89k▲
2024 · €44k
Staff costs
€650k▲
2024 · €587k
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€1.79M€1.92M▲
Fixed assets21/28€921k€1.01M▲
Intangible fixed assets21-€4k
Tangible fixed assets22/27€756k€924k▲
Land and buildings22€489k€613k▲
Plant, machinery and equipment23€195k€257k▲
Furniture and vehicles24€72k€53k▼
Financial fixed assets28€165k€80k▼
Current assets29/58€865k€912k▲
Stocks and contracts in progress3€155k€181k▲
Stocks30/36€155k€181k▲
Amounts receivable within one year40/41€377k€214k▼
Trade receivables40€297k€119k▼
Other amounts receivable41€80k€95k▲
Current investments50/53-€379
Cash at bank and in hand54/58€314k€509k▲
Deferred charges and accrued income490/1€19k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.92M▲
Equity10/15€705k€995k▲
Contributions10/11€8k€8k=
Reserves13€698k€987k▲
Distributable reserves133€698k€987k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.08M€925k▼
Amounts payable after more than one year17€452k€401k▼
Financial debts170/4€452k€401k▼
Amounts payable within one year42/48€628k€524k▼
Current portion of amounts payable after more than one year42€55k€51k▼
Trade debts44€239k€289k▲
Suppliers440/4€239k€289k▲
Taxes, remuneration and social security45€134k€118k▼
Taxes450/3€36k€10k▼
Remuneration and social security454/9€98k€107k▲
Other amounts payable47/48€200k€66k▼
Income statement
Code20242025
Remuneration, social security and pensions62€587k€650k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€103k▲
Other operating charges640/8€21k€20k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€1.11M€1.19M▲
Operating profit (loss)9901€415k€412k▼
Financial income75/76B€10k€3k▼
Recurring financial income75€10k€3k▼
Financial charges65/66B€47k€37k▼
Recurring financial charges65€47k€37k▼
Profit (loss) for the period before taxes9903€378k€378k▲
Income taxes67/77€44k€89k▲
Profit (loss) for the period9904€334k€289k▼
Profit (loss) for the period to be appropriated9905€334k€289k▼
Appropriation of the result
Profit (loss) to be appropriated9906€334k€289k▼
Transfer to equity691/2€134k€289k▲
To other reserves6921€134k€289k▲
Profit to be distributed694/7€200k€0▼
Directors or managers695€200k€0▼
Social balance
Average headcount (FTE)908714.217.2▲
The notes to these accounts (21 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
25-08
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €334k ▲457%
Operating result €415k, net result €334k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €511k ▲17.2%
5 profitable years in a row build equity to €511k.
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €218k ▲15.1%
2 profitable years in a row build equity to €218k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ieper · 2 establishment units since 1999
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.
Meenseweg 221-2238900 IeperGround area
1,448 m²
Building footprint
639 m²
Volume, LiDAR
3,453 m³
2 parcels, Flanders · tallest building 17.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Meenseweg 221, 8900 Ieper
since 19992.090.153.624
Versavel Stationsstraat
since 20252.374.697.481
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302B0203/00H003 | Flanders | 1,369 m² | 1 · 561 m² | 11.0 m · 1 fl. |
| 33011F0669/00D000 | Flanders | 78 m² | 1 · 78 m² | 17.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 6 entries · 32,188 EUR awarded · 838 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 176 EUR | 176 EUR |
| 2023 | 2 | 662 EUR | 662 EUR |
| 2022 | 1 | 31,350 EUR | 0 EUR |
Schemes
Ecologiepremie+
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesIeper2.090.153.624
Ieper2.374.697.481
Dual-learning approval
5 live approvals · 5 endedBrood- en banketbakkerij duaal (so)
Medewerker (banket)bakkerij duaal (so)
Medewerker bakkerij (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
NEIRYNCK
BE 0438.441.978
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AU FLAN BRETON
BE 0627.869.716
Tervuren · Eq €997k
L'EPI D'OR
BE 0426.710.621
Manage · Eq €991k
Pâtisserie M.Schamp
BE 0401.613.355
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STEFLOR
BE 0702.870.512
Ingelmunster · Eq €975k
Of 4,201 companies in sector 10712 we hold annual accounts for 1,851. 899 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-1998
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
52113
52240
10720Manufacture of food products
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.