VERSUM
ActiveVERSUM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €27k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 875 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+99
Solvency42▲+9
Growth58=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.52 in 2024), but 79.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
6 signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
20.4%
Return on assets
6.9%
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
3 d early
2023
23 d early
2022
13 d early
2021
46 d early
2020
50 d early
2019
28 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
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 13.9%
2024 · €69k
2023: €91k
2024: €69k
2023 → 2025
Total assets
€382k▼ 10.9%
2024 · €429k
2023: €479k
2024: €429k
2023 → 2025
Net result
€27k▲ 14,707%
2024 · €179
2023: €-37k
2024: €179
2023 → 2025
Working capital
€84k▲ 12.4%
2024 · €75k
2023: €109k
2024: €75k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€91k-€69k▼ 24.2%€78k▲ 13.9%
Operating result€-21k-€15k€48k▲ 222%
Net result€-37k-€179€27k▲ 14,707%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 222% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €382k
Fixed assets
€185k▼ 12.6%
Current assets
€198k▼ 9.3%
Equity and liabilities €382k
Equity
€78k▲ 13.9%
Debt
€304k▼ 15.7%
The debt ratio falls from 84.0% to 79.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€69k▲
2024 · €41k
Cash flow
€47k▲
2024 · €26k
Solvency
20.4%▲
2024 · 16.0%
Current ratio
1.74▲
2024 · 1.52
Quick ratio
0.74▼
2024 · 0.77
Debt / equity
3.89▼
2024 · 5.26
ROE
34.0%▲
2024 · 0.3%
ROA
6.9%▲
2024 · 0.0%
Interest coverage
4.76▲
2024 · 2.72
Debt
€304k▼
2024 · €361k
Debt ≤ 1 year
€113k▼
2024 · €143k
Debt > 1 year
€191k▼
2024 · €218k
Income taxes
€8k▲
2024 · €-90
Staff costs
€38k▲
2024 · €37k
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
Balance sheet
Code2025
Total assets
20/58€382k
Fixed assets
21/28€185k
Tangible fixed assets
22/27€185k
Current assets
29/58€198k
Stocks & contracts in progress
3€114k
Amounts receivable within one year
40/41€68k
Cash & bank
54/58€11k
Total equity & liabilities
10/49€382k
Equity
10/15€78k
Contributions / capital
10/11€8k
Reserves
13€70k
Accumulated profits (losses)
14€0
Amounts payable
17/49€304k
Amounts payable after one year
17€191k
Amounts payable within one year
42/48€113k
Trade debts payable within one year
44€7k
Income statement
Code2025
Gross operating margin
9900€126k
Operating result
9901€48k
Financial income
75€50
Financial charges
65€14k
Result before taxes
9903€34k
Income taxes
67/77€8k
Net result for the period
9904€27k
Result to be appropriated
9905€27k
This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-05
State Gazette act
Open capture
Seat change · Board meeting · Officer appointment · Act object
2025
31-12
Financial
Highest result since 2023net €27k ▲14707%
Operating result €48k, net result €27k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €179
Net result €179 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-10
State Gazette act
Statutes amendment
v3.2
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
28-04
State Gazette act
Capital & shares
v3.2
2011
13-01
State Gazette act
Statutes amendment
v3.2
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
4 of 4 acts read
Directors · office · real estate
Directors
No sitting directors are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1998
Ground area
552 m²
Building footprint
397 m²
Volume, LiDAR
3,572 m³
2 parcels, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VERSUM BV
since 19982.085.678.855
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0266/00N006 | Flanders | 350 m² | 1 · 196 m² | 14.4 m · 3 fl. |
| 33011F0688/00A000 | Flanders | 202 m² | 1 · 201 m² | 15.1 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.
Statutory auditor
1 auditor| BV o.v.v.e BVBA Boes & Co Bedrijfsrevisoren Company auditor · represented by Joseph-Michel BOES | 13-01-2011 → 13-01-2011 |
Comparable companies · same sector, comparable size
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GIPSY
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Of 202 companies in sector 46425 we hold annual accounts for 130. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-1997
Fiscal year end31-12
Activities, NACEBEL
46425Wholesale trade
47721Retail sale of footwear
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
46498Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
51421
52421
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 4 actsNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 31-07-2026. Scores and ratios are computed by Checked and are not a credit decision.