VERSUNI BELGIUM

Active

Public limited companyfounded 20206 yrs activeIndustrielaan 9, 1070 Anderlecht, BelgiumKBO/BCE: BE 0754.449.172

The computed 12-month bankruptcy probability of VERSUNI BELGIUM is 1.9% (moderate). The 2025 annual accounts show equity of €3.17M and a net result of €277k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 4149 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

45 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability56▼-3

Solvency42▲+6

Growth85=

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity tight (current ratio 1.33 against 1.11 in 2024; short-term debt: 74.7% and cash: 7.1% of total assets), and 82.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

17.2%

Return on assets

1.5%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 · 5 filings

Deviation from the deadline

2025

15 d early

2024

23 d early

2023

30 d late

2022

88 d late

2021

162 d late

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€46.73M▲ 10.5%

2024 · €42.28M

2021: €18.56M 2022: €35.93M 2023: €44.70M 2024: €42.28M

2021 → 2025

EBIT margin

1.5%▼ 1.0pp

2024 · 2.5%

2021: 1.7% 2022: 1.2% 2023: 1.3% 2024: 2.5%

2021 → 2025

Net result

€277k▼ 60.8%

2024 · €706k

2021: €187k 2022: €210k 2023: €293k 2024: €706k

2021 → 2025

Working capital

€4.54M▲ 77.8%

2024 · €2.55M

2021: €632k 2022: €1.17M 2023: €1.75M 2024: €2.55M

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€18.56M-€35.93M▲ 93.6%€44.70M▲ 24.4%€42.28M▼ 5.4%€46.73M▲ 10.5%

Equity€1.69M-€1.90M▲ 12.5%€2.19M▲ 15.4%€2.90M▲ 32.3%€3.17M▲ 9.6%

Operating result€324k-€429k▲ 32.2%€591k▲ 37.8%€1.04M▲ 75.3%€697k▼ 32.8%

Net result€187k-€210k▲ 12.3%€293k▲ 39.3%€706k▲ 141%€277k▼ 60.8%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 33% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €18.44M

99.4%

Fixed assets €119k▼ 66.7%

Current assets €18.32M▼ 27.8%

Equity and liabilities €18.44M

17.2%

74.7%

Equity €3.17M▲ 9.6%

Provisions €1.49M▲ 9,547%

Debt €13.78M▼ 39.6%

The debt ratio falls from 88.7% to 74.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€935k▼

2024 · €1.27M

Cash flow

€515k▼

2024 · €945k

Solvency

17.2%▲

2024 · 11.3%

Current ratio

1.33▲

2024 · 1.11

Quick ratio

1.32▲

2024 · 1.11

Debt / equity

4.34▼

2024 · 7.87

ROE

8.7%▼

2024 · 24.4%

ROA

1.5%▼

2024 · 2.7%

Interest coverage

7.55▼

2024 · 28.24

Debt

€13.78M▼

2024 · €22.80M

Debt ≤ 1 year

€13.78M▼

2024 · €22.80M

Income taxes

€326k▼

2024 · €343k

Staff costs

€1.74M▲

2024 · €1.07M

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€25.72M€18.44M▼

Fixed assets21/28€357k€119k▼

Intangible fixed assets21€357k€119k▼

Current assets29/58€25.36M€18.32M▼

Stocks and contracts in progress3€5k€106k▲

Stocks30/36€5k€106k▲

Goods purchased for resale34€5k€106k▲

Amounts receivable within one year40/41€17.93M€16.81M▼

Trade receivables40€17.93M€16.74M▼

Other amounts receivable41€10€65k▲

Cash at bank and in hand54/58€7.35M€1.30M▼

Deferred charges and accrued income490/1€82k€105k▲

Equity and liabilities

Total equity and liabilities10/49€25.72M€18.44M▼

Equity10/15€2.90M€3.17M▲

Contributions10/11€1.50M€1.50M=

Capital10€1.50M€1.50M=

Issued capital100€1.50M€1.50M=

Reserves13€70k€84k▲

Non-distributable reserves130/1€70k€84k▲

Legal reserve130€70k€84k▲

Profit (loss) carried forward14€1.33M€1.59M▲

Provisions and deferred taxes16€15k€1.49M▲

Provisions for liabilities and charges160/5€15k€1.49M▲

Other liabilities and charges164/5€15k€1.49M▲

Amounts payable17/49€22.80M€13.78M▼

Amounts payable within one year42/48€22.80M€13.78M▼

Financial debts43€4.22M€0▼

Other loans439€4.22M€0▼

Trade debts44€17.17M€11.82M▼

Suppliers440/4€17.17M€11.82M▼

Taxes, remuneration and social security45€1.38M€1.93M▲

Taxes450/3€1.18M€1.63M▲

Remuneration and social security454/9€201k€308k▲

Other amounts payable47/48€40k€21k▼

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Operating income70/76A€42.28M€46.73M▲

Turnover70€42.28M€46.73M▲

Other operating income74€2k€320▼

Operating charges60/66A€41.25M€46.03M▲

Goods for resale, raw materials and consumables60€34.93M€33.64M▼

Purchases600/8€34.92M€33.74M▼

Change in stocks: decrease (increase)609€12k€-101k▼

Services and other goods61€4.86M€8.51M▲

Remuneration, social security and pensions62€1.07M€1.74M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€238k€238k=

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€388k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€2k€1.47M▲

Other operating charges640/8€147k€41k▼

Non-recurring operating charges66A€0-

Operating profit (loss)9901€1.04M€697k▼

Financial income75/76B€60k€37k▼

Recurring financial income75€60k€37k▼

Income from current assets751€60k€37k▼

Other financial income752/9€470€35▼

Financial charges65/66B€46k€131k▲

Recurring financial charges65€46k€131k▲

Debt charges650€45k€124k▲

Other financial charges652/9€1k€7k▲

Profit (loss) for the period before taxes9903€1.05M€603k▼

Income taxes67/77€343k€326k▼

Taxes670/3€343k€326k▼

Profit (loss) for the period9904€706k€277k▼

Profit (loss) for the period to be appropriated9905€706k€277k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.36M€1.60M▲

Profit (loss) brought forward from the previous period14P€655k€1.33M▲

Transfer to equity691/2€35k€14k▼

To the legal reserve6920€35k€14k▼

Social balance

Average headcount (FTE)90877.28.5▲

The notes to these accounts (30 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

08-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2021net €706k ▲141%

Operating result €1.04M, net result €706k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

31-12

Financial Equity above €2MEq €2.19M ▲15.4%

3 profitable years in a row build equity to €2.19M.

27-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 88 days late

09-01

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 162 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-04-2025 Laurent Giltay: Resigned as Director

01-02-2023 Olaf Jeroen Sofian Koning: Resigned as Director

31-08-2022 Ignace Vandenbroecke: Resigned as Director

01-07-2021 Frank Dendas: Resigned as Director

01-07-2021 Gerry Leppens: Resigned as Director

01-07-2021 Terence Vanstals: Resigned as Director

Location & real-estate footprint

Registered office, Anderlecht · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Industrielaan 91070 Anderlecht