VERTHI
ActiveThe computed 12-month bankruptcy probability of VERTHI is 1.8% (moderate). The 2025 annual accounts show equity of €46k and a net result of €44k. Its solvency ranks better than 41% of 4527 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency55
Growth-
Track record67
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.03; short-term debt: 25.9% and cash: 10.8% of total assets), but 70.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
29.9%
Return on assets
28.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 1 filingDeviation from the deadline
2025
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€46k
Total assets
€154k
Net result
€44k
Working capital
€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €154k
Fixed assets
€73k
Current assets
€81k
Equity and liabilities €154k
Equity
€46k
Debt
€108k
Debt finances 70.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€68k
Cash flow
€52k
Solvency
29.9%
Current ratio
2.03
Quick ratio
2.03
Debt / equity
2.35
ROE
95.3%
ROA
28.5%
Interest coverage
16.04
Debt
€108k
Debt ≤ 1 year
€40k
Debt > 1 year
€68k
Income taxes
€15k
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Assets
Total assets20/58€154k
Fixed assets21/28€73k
Tangible fixed assets22/27€70k
Plant, machinery and equipment23€7k
Furniture and vehicles24€43k
Leasing and similar rights25€21k
Financial fixed assets28€2k
Current assets29/58€81k
Amounts receivable within one year40/41€65k
Trade receivables40€8k
Other amounts receivable41€57k
Cash at bank and in hand54/58€17k
Equity and liabilities
Total equity and liabilities10/49€154k
Equity10/15€46k
Contributions10/11€3k
Reserves13€43k
Distributable reserves133€43k
Profit (loss) carried forward14€0
Amounts payable17/49€108k
Amounts payable after more than one year17€68k
Financial debts170/4€68k
Amounts payable within one year42/48€40k
Current portion of amounts payable after more than one year42€27k
Trade debts44€13k
Suppliers440/4€13k
Taxes, remuneration and social security45€250
Taxes450/3€250
Other amounts payable47/48€583
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k
Other operating charges640/8€2k
Gross operating margin9900€70k
Operating profit (loss)9901€61k
Financial income75/76B€3k
Recurring financial income75€3k
Financial charges65/66B€4k
Recurring financial charges65€4k
Profit (loss) for the period before taxes9903€59k
Income taxes67/77€15k
Profit (loss) for the period9904€44k
Profit (loss) for the period to be appropriated9905€44k
Appropriation of the result
Profit (loss) to be appropriated9906€44k
Transfer to equity691/2€43k
To other reserves6921€43k
Profit to be distributed694/7€833
Return on contributions (dividend)694€833
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
NBB filing
Directors · office · real estate
Directors
2 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, Menen · 1 establishment unit since 2024
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.
Poedermagazijnstraat 1038930 MenenGround area
8,972 m²
Building footprint
781 m²
Volume, LiDAR
4,570 m³
2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VERTHI
since 20242.367.305.883
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33001A0098/00H000 | Flanders | 8,913 m² | 1 · 726 m² | 11.2 m · 2 fl. |
| 34027E1009/00S061 | Flanders | 58 m² | 1 · 55 m² | 10.7 m · 3 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.
Similar companies · same sector, comparable size
VERVOER WIM CARENS
BE 0465.724.219
Landen · Eq €46k
SMT SERVICES
BE 0724.842.101
Vilvoorde · Eq €46k
Tuin- en grondwerken De Baets
BE 0803.847.314
Evergem · Eq €46k
EZER TRANSPORT
BE 0844.423.206
Brussel · Eq €46k
ERONTRANS
BE 0757.694.120
Dilbeek · Eq €46k
Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 5,941 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-11-2024
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
38110Waste collection, recovery and disposal activities
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.