VERTCONCEPT
ActiveSummary
The annual accounts of VERTCONCEPT for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €49k and a net result of €-53k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 1208 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-52
Solvency31▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.83 against 0.99 in 2024; short-term debt: 40% and cash: 5.4% of total assets), and 94.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.6%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 1208 sector peers (2025).
NBB · sector comparisonPosition among 1208 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
21 d late
2024
26 d late
2023
57 d late
2022
5 d early
2021
43 d late
2020
30 d late
2019
75 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-53k
2024 · €38k
Working capital
€-60k▼ 1,295%
2024 · €-4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-6k€8k€62k▲ 647%€65k▲ 5.8%€-28k
Net result€-11k€2k€40k▲ 1,584%€38k▼ 4.6%€-53k
Equity€21k▼ 34.8%€24k▲ 11.1%€64k▲ 168%€101k▲ 59.7%€49k▼ 52.1%
Total assets€354k▲ 17.0%€398k▲ 12.3%€397k=€463k▲ 16.6%€873k▲ 88.3%
Debt€333k▲ 23.3%€374k▲ 12.4%€334k▼ 10.7%€362k▲ 8.4%€824k▲ 128%
Working capital€-88k▼ 2.5%€-91k▼ 2.7%€-46k▲ 48.9%€-4k▲ 90.7%€-60k▼ 1,295%
Staff (FTE)9.1▲ 7.1%9.2▲ 1.1%9.4▲ 2.2%11.8▲ 25.5%8.8▼ 25.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €28k after €65k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €873k
Fixed assets
€584k ▲ 285%
Current assets
€289k ▼ 7.4%
Equity and liabilities €873k
Equity
€49k ▼ 52.1%
Debt
€824k ▲ 128%
Debt's share of the balance-sheet total rises from 78.1% to 94.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▼
2024 · €125k
Cash flow
€20k▼
2024 · €98k
Current ratio
0.83▼
2024 · 0.99
Quick ratio
0.43▼
2024 · 0.88
Debt to equity
16.95▲
2024 · 3.57
ROE
-108.6%▼
2024 · 37.4%
ROA
-6.1%▼
2024 · 8.2%
Interest coverage
1.84▼
2024 · 8.28
Debt ≤ 1 year
€349k▲
2024 · €316k
Debt > 1 year
€475k▲
2024 · €46k
Income taxes
€170▼
2024 · €12k
Staff costs
€434k▼
2024 · €462k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €396 | - |
| Remuneration, social security and pensions62 | €242k | €288k | €309k | €462k | €434k | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €71k | €65k | €60k | €73k | ▲ 22.0% |
| Other operating charges640/8 | €3k | €5k | €3k | €5k | €4k | ▼ 10.3% |
| Gross operating margin9900 | €298k | €372k | €439k | €592k | €484k | ▼ 18.4% |
| Operating profit (loss)9901 | €-6k | €8k | €62k | €65k | €-28k | ▼ 143% |
| Financial income75/76B | €88 | €325 | €21 | €129 | €6 | ▼ 95.0% |
| Recurring financial income75 | €88 | €325 | €21 | €129 | €6 | ▼ 95.0% |
| Financial charges65/66B | €5k | €6k | €12k | €15k | €25k | ▲ 62.1% |
| Recurring financial charges65 | €5k | €6k | €12k | €15k | €25k | ▲ 62.1% |
| Profit (loss) for the period before taxes9903 | €-11k | €3k | €50k | €50k | €-53k | ▼ 205% |
| Income taxes67/77 | €105 | €238 | €10k | €12k | €170 | ▼ 98.6% |
| Profit (loss) for the period9904 | €-11k | €2k | €40k | €38k | €-53k | ▼ 239% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €2k | €40k | €38k | €-53k | ▼ 239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354k | €398k | €397k | €463k | €873k | ▲ 88.3% |
| Fixed assets21/28 | €218k | €219k | €158k | €152k | €584k | ▲ 285% |
| Intangible fixed assets21 | €46k | €38k | €29k | €21k | €12k | ▼ 40.2% |
| Tangible fixed assets22/27 | €171k | €180k | €128k | €130k | €571k | ▲ 338% |
| Land and buildings22 | - | - | - | - | €400k | - |
| Plant, machinery and equipment23 | €25k | €29k | €26k | €20k | €43k | ▲ 117% |
| Furniture and vehicles24 | €43k | €44k | €20k | €52k | €56k | ▲ 8.3% |
| Leasing and similar rights25 | €104k | €108k | €83k | €59k | €72k | ▲ 22.4% |
| Financial fixed assets28 | €586 | €586 | €586 | €586 | €586 | = |
| Current assets29/58 | €136k | €179k | €239k | €312k | €289k | ▼ 7.4% |
| Stocks and contracts in progress3 | €1k | €35k | €56k | €33k | €140k | ▲ 325% |
| Stocks30/36 | €1k | €35k | €56k | €33k | €140k | ▲ 325% |
| Amounts receivable within one year40/41 | €82k | €67k | €133k | €94k | €92k | ▼ 1.7% |
| Trade receivables40 | €65k | €18k | €131k | €92k | €91k | ▼ 1.8% |
| Other amounts receivable41 | €18k | €49k | €2k | €1k | €1k | ▲ 3.9% |
| Cash at bank and in hand54/58 | €42k | €71k | €42k | €174k | €47k | ▼ 73.2% |
| Deferred charges and accrued income490/1 | €11k | €5k | €8k | €11k | €10k | ▼ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354k | €398k | €397k | €463k | €873k | ▲ 88.3% |
| Equity10/15 | €21k | €24k | €64k | €101k | €49k | ▼ 52.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €13k | €16k | €55k | €93k | €41k | ▼ 56.6% |
| Amounts payable17/49 | €333k | €374k | €334k | €362k | €824k | ▲ 128% |
| Amounts payable after more than one year17 | €109k | €104k | €48k | €46k | €475k | ▲ 931% |
| Financial debts170/4 | €109k | €104k | €48k | €46k | €475k | ▲ 931% |
| Amounts payable within one year42/48 | €224k | €270k | €285k | €316k | €349k | ▲ 10.5% |
| Current portion of amounts payable after more than one year42 | €69k | €94k | €92k | €85k | €128k | ▲ 49.6% |
| Financial debts43 | - | €4k | - | - | - | - |
| Credit institutions430/8 | - | €4k | - | - | - | - |
| Trade debts44 | €56k | €82k | €68k | €87k | €117k | ▲ 34.7% |
| Suppliers440/4 | €56k | €82k | €68k | €87k | €117k | ▲ 34.7% |
| Taxes, remuneration and social security45 | €37k | €19k | €48k | €67k | €55k | ▼ 18.9% |
| Taxes450/3 | €7k | €2k | €12k | €12k | €14k | ▲ 18.9% |
| Remuneration and social security454/9 | €30k | €17k | €35k | €55k | €40k | ▼ 27.0% |
| Other amounts payable47/48 | €63k | €70k | €78k | €76k | €49k | ▼ 35.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €2k | €40k | €38k | €-53k | ▼ 239% |
| + Depreciation and write-downs630 | €59k | €71k | €65k | €60k | €73k | ▲ 22.0% |
| Operating cash flow (approximation) | €48k | €73k | €105k | €98k | €20k | ▼ 79.1% |
| Investment in fixed assets (approximation) | - | €-71k | €-5k | €-54k | €-506k | ▼ 841% |
| Change in cash | - | €30k | €-30k | €133k | €-128k | ▼ 196% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Equity above €100kEq €101k ▲59.7%
3 profitable years in a row build equity to €101k.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 57 days late
2023
31-12
Financial
Highest result since 2018net €40k ▲1,584%
Net result €40k, the highest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Silly · 1 establishment unit since 2017
Ground area
3,062 m²
Building footprint
179 m²
Volume, LiDAR
983 m³
Parcel 55001E0548/00G000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Grammont(Bassil) 37, 7830 Silly
since 20172.268.646.292
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55001E0548/00G000 | Wallonia | 3,062 m² | 1 · 179 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryVERTCONCEPT SRL42877
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Of 21,222 companies in sector 81300 we hold annual accounts for 4,366. 3,605 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.