VERSO FINANCE

Active

Private limited companyfounded 2017active for 9 yearsLouizalaan 65, 1050 Elsene, Belgium465 active companies are registered at this addressKBO/BCE: BE 0670.777.863

Summary

The computed 12-month bankruptcy probability of VERSO FINANCE is 5.9% (elevated). The 2025 annual accounts show negative equity (-€539,999) and a net result of -€269,327. Equity is shrinking by about 50% per year across the filed financial years. Its solvency ranks better than 5% of 6,136 sector peers (NACE 46, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

VERSO FINANCEActiveChecked score 33/100

Risk analysis Report Compare

Activity

Agents in the wholesale of industrial machinery, ships and aircraft

NACE 46140Wholesale of pharmaceutical and medical goods NACE 46460

1 site

Size

€1.1mtotal assets 2025

Staff: 1 FTE
Equity: -€539,999
Loss: -€269,327

Financial health

33 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 5.9%

Structure

Roger CaniardDirector

2025 accounts 57 days early3 of 6 deeds summarised

Why 33raises riskNegative equity -€539,999Loss of €269,327, the second in a row (financial year 2025)1 change of registered office in 24 monthslowers riskSize: 1 FTE, total assets €1.1mShow the evidence

Checked score

Score 2025

33 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 5% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0-12

equity -47.3% of total assets

Liquidity 2+1

short-term debt 145.4% · cash 1.5%

Profitability 0-13

return on assets -23.6%

Bankruptcy probability, 12 months

5.9% Elevated

0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,868 companies, NACE 46, micro)

Last 24 months 11-2024: 2.8% 12-2024: 2.0%▼ -0.8 percentage points vs 11-2024 01-2025: 1.9%▼ -0.1 percentage points vs 12-2024lowest value 02-2025: 2.0%▲ +0.1 percentage points vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.1%▲ +0.1 percentage points vs 04-2025 06-2025: 2.1%● unchanged vs 05-2025 07-2025: 2.3%▲ +0.2 percentage points vs 06-2025 08-2025: 2.9%▲ +0.6 percentage points vs 07-2025 09-2025: 3.4%▲ +0.5 percentage points vs 08-2025 10-2025: 4.7%▲ +1.3 percentage points vs 09-2025 11-2025: 3.8%▼ -0.9 percentage points vs 10-2025 12-2025: 3.8%● unchanged vs 11-2025 01-2026: 3.7%▼ -0.1 percentage points vs 12-2025 02-2026: 3.8%▲ +0.1 percentage points vs 01-2026 03-2026: 3.7%▼ -0.1 percentage points vs 02-2026 04-2026: 5.4%▲ +1.7 percentage points vs 03-2026 05-2026: 5.6%▲ +0.2 percentage points vs 04-2026 06-2026: 5.7%▲ +0.1 percentage points vs 05-2026 07-2026: 5.9%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 5.9%● unchanged vs 07-2026highest value 09-2026: 5.9%● unchanged vs 08-2026highest value 10-2026: 5.9%● unchanged vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.63, compared with 0.85 in 2024, below 1; short-term debt: 145.4% and cash: 1.5% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 6% on solvency, 5% on liquidity, 6% on profitability and 4% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Negative equity -€539,999

NBB · annual accounts

Loss of €269,327, the second in a row (financial year 2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Size: 1 FTE, total assets €1.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€539,999

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

57 days early

2024

60 days late

2023

8 days late

2022

74 days late

2021

193 days late

2020

37 days late

2019

124 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 29 September (4 of the last 5 filed years within 117 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

08-06-2026 Resignation: Régis DODIN (sole director)Appointment: Roger Caniard (sole director)…
04-06-2026 Annual accounts filedfinancial year 2025 · full…
19-03-2026 Registered officeRegistered-office move

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€539,999 View
Caution: Result fell in 2025from -€113,201 to -€269,327 ▼ 138% View
Caution: Among the weakest 5% on solvencysector median 45.2% · 6,136 companies -47.3% View
Caution: Board changedlatest change 01-04-2026 · 1 in office 1 joined · 1 left View
Caution: 2 loss-making years in a rowloss financial year 2025 -€269,327 View

By topic

Financials

Financial year: 2025
Total assets: €1.1m
Loss: -€269,327
Solvency: -47.3%

Total assets▼ 44.8%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member

Roger CaniardDirector

Go to Board & ownership

Timeline

Events: 16
Since: 2018
Next accounts: by 31-07-2027

29-09-2025Annual accounts filed
08-08-2024Annual accounts filed
31-12-2023Back to profit

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Agents in the wholesale of industrial machinery, ships…NACE 46140
Founded: 06-02-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about VERSO FINANCE

What is the company number of VERSO FINANCE?: 0670.777.863. In Belgium the VAT number is the company number with BE in front: BE 0670.777.863.
Where is VERSO FINANCE based?: The registered office is at Louizalaan 65, 1050 Elsene.Company details
What does VERSO FINANCE do?: According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
What is the legal form of VERSO FINANCE?: Private limited company (BV).
When was VERSO FINANCE founded?: On 06-02-2017.
Is VERSO FINANCE still active?: Yes, VERSO FINANCE is an active enterprise in the KBO register.
How many employees does VERSO FINANCE have?: On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of VERSO FINANCE?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is VERSO FINANCE profitable?: In financial year 2025, VERSO FINANCE made a loss of €269,327.
Where can I find the annual accounts of VERSO FINANCE?: VERSO FINANCE filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VERSO FINANCE due?: By 31-07-2027, for financial year 2026.Timeline