Result
€326,323 €326,323
Back in profit in 2025, after a loss of €327,844 in 2024.
Versim
Lifetime
19 annual accounts with figures on one time axis, 46 filings since 1979peak €1.2m (2025)
€1.2m▲ 37.5%
lowest -€327,844 (2024)
€326,323▲ €654,167
peak €253,794 (2017)
€197,718▲ €326,323
€17.4m▼ 5.3%
Board4 names since 2019
2 directorsHermeias and 1 other
Owners2 names in the annual accounts
consolidatesAREÔS
Documentsfilings and deeds
01-06-202660 days before the deadline
2025abbreviated format
Gross margin from €892,292 to €1.2mBack to profit: €326,323Equity from -€128,605 to €197,718Cash from €255,374 to €49,911
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 57% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026highest value
04-2026: 0.1%▼ -0.3 percentage points vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.22, cash €49,911, halved
Equity €197,718 (1.1% of total assets)
lowers risk
Size: total assets €17.6m
Founded in 1979
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 17% of them on solvency, 58% on liquidity, 57% on profitability and 96% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 208 companies had the same profile as Versim has now. Each dot is one company, two years later.
99.0%
were still trading
0.0%
stopped another way
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Versim itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 208 companies, not a prediction for Versim. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.22 (0.55 in 2024), below 1. Short-term debt is 3% and cash 0.3% of total assets. 98.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 19%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 days early
2024
77 days early
2023
16 days early
2022
59 days early
2021
34 days early
2020
17 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 43 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 2 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
H
Hermeias
Director, Van Riet Joost, since 29-02-2024
- Areôs NV consolidatesscore 95equity €8.8m (2025) · annual accounts 2025
Shares in 1 company, G. SNEL INVEST BELGIUM
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0419470560
Registered office moved from Nazareth - Karreweg to De Pinte
New registered office: Kunstschildersweg 5 B, 9840 De Pinte · Previous registered office: 9810 Nazareth - Karreweg 13 · Resignation: EL CAZADOR (director) · General meeting of 29-02-2024 · Gazette deed
Resignation: De Jaeger Stefaan (managing director)
Permanent representative: De Jaeger Geert · Director discharge: De Jaeger Stefaan (managing director) · General meeting of 24-05-2023 · Gazette deed
2 directors reappointed
EL CAZADOR and DE JAEGER Stefaan Medard Ida Maria Cornelius · Permanent representative: DE JAEGER Geert Marcel Maria · Director discharge: EL CAZADOR · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Versim Nazareth-De Pinte | €17.6m | €1.2m | 1.1% | - |
| DIAMOND CENTER Antwerp | €16.7m | €1.0m | 96.5% | 7.6 |
| Centre Régional Syndical F.G.T.B. Charleroi | €15.6m | €1.0m | 43.7% | 8.2 |
| CIEL Uccle | €14.2m | €1.1m | 37.9% | 0.6 |
| Imopa Boechout | €18.2m | €0.9m | 14.2% | 0 |
| HET MOLENHOF Bruges | €22.5m | €1.3m | 69.4% | 4.6 |
| Immobiliën JPO Sint-Niklaas | €24.1m | €1.3m | 35.7% | 2.2 |
These companies have the same main activity as Versim: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €14m and €24m, founded between 1974 and 1983.
Official details
Source: KBO- Status
- Active since 26-04-1979Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.016.135.1029840 Nazareth-De Pinte, since 26-04-1979
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €1.5mestimated
- €17.6m▼ 3.5%
- Filing
- Filed on 01-06-2026, 60 days before the end of the filing period
Insights on Versim
Versim files the abbreviated format. That format states no turnover. The gross margin rose from €19,845 in 2006 to €1.2m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Versim
- What is the company number of Versim?
- The company number of Versim is 0419.470.560. The VAT number is the same number with BE in front: BE 0419.470.560.
- Where is Versim based?
- The registered office is at Kunstschildersweg 5B, 9840 Nazareth-De Pinte.Company details
- What does Versim do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Versim?
- Versim is a public limited company (NV).
- When was Versim founded?
- Versim was founded on 26-04-1979.
- Is Versim still active?
- Yes, Versim is an active enterprise in the KBO register.
- What is the turnover of Versim?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €1.2m and 32 comparable companies (NACE 68203). It probably lies between €1.2m and €1.7m. In financial year 2022 turnover was €581,174.Financials
- Is Versim profitable?
- In financial year 2025, Versim made a profit of €326,323.
- Where can I find the annual accounts of Versim?
- Versim filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Versim due?
- Versim must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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