VERTHO
ActiveVERTHO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195k and a net result of €18k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 59% of 1433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+34
Solvency56▼-2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.22 in 2024), and 66.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
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
33.2%
Return on assets
3.1%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-02-2026, 14 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 · 10 filingsDeviation from the deadline
2025
14 d late
2024
6 d late
2023
1 d early
2022
on the day
2021
3 d early
2020
11 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close05-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€195k▲ 9.9%
2024 · €177k
2023: €173k
2024: €177k
2023 → 2025
Total assets
€585k▲ 10.9%
2024 · €528k
2023: €495k
2024: €528k
2023 → 2025
Net result
€18k▲ 337%
2024 · €4k
2023: €10k
2024: €4k
2023 → 2025
Working capital
€58k▼ 8.6%
2024 · €63k
2023: €33k
2024: €63k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€173k-€177k▲ 2.1%€195k▲ 9.9%
Operating result€13k-€7k▼ 47.4%€20k▲ 194%
Net result€10k-€4k▼ 60.6%€18k▲ 337%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 194% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €585k
Fixed assets
€181k▲ 5.4%
Current assets
€404k▲ 13.5%
Equity and liabilities €585k
Equity
€195k▲ 9.9%
Debt
€391k▲ 11.4%
The debt ratio rises from 66.5% to 66.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€40k▼
2024 · €49k
Cash flow
€38k▼
2024 · €47k
Solvency
33.2%▼
2024 · 33.5%
Current ratio
1.17▼
2024 · 1.22
Quick ratio
0.19▲
2024 · 0.17
Debt / equity
2.01▲
2024 · 1.98
ROE
9.3%▲
2024 · 2.3%
ROA
3.1%▲
2024 · 0.8%
Interest coverage
10.69▼
2024 · 13.16
Debt
€391k▲
2024 · €351k
Debt ≤ 1 year
€346k▲
2024 · €293k
Debt > 1 year
€44k▼
2024 · €58k
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
Total assets
20/58€528k€585k▲
Fixed assets
21/28€172k€181k▲
Tangible fixed assets
22/27€172k€181k▲
Current assets
29/58€356k€404k▲
Stocks & contracts in progress
3€306k€338k▲
Amounts receivable within one year
40/41€31k€61k▲
Cash & bank
54/58€17k€3k▼
Total equity & liabilities
10/49€528k€585k▲
Equity
10/15€177k€195k▲
Contributions / capital
10/11€34k€34k=
Reserves
13€137k€155k▲
Accumulated profits (losses)
14€840€850▲
Amounts payable
17/49€351k€391k▲
Amounts payable after one year
17€58k€44k▼
Amounts payable within one year
42/48€293k€346k▲
Trade debts payable within one year
44€36k€79k▲
Income statement
Code20242025
Gross operating margin
9900€52k€43k▼
Operating result
9901€7k€20k▲
Financial income
75€1k€2k▲
Financial charges
65€4k€4k▲
Result before taxes
9903€4k€18k▲
Net result for the period
9904€4k€18k▲
Result to be appropriated
9905€4k€18k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
30-06
Financial
Highest result since 2023net €18k ▲337%
Operating result €20k, net result €18k, both a record.
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-06
Financial
Weakest financial yearnet €4k ▼60.6%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
DRANKEN DE KEERSMAEKER
BE 0458.893.637
Beveren-Kruibeke-Zwijndrecht · Eq €193k
DRANKENHANDEL FILIP VAN GHELUWE
BE 0886.137.560
Brugge · Eq €193k
Valmosan
BE 0508.681.757
Andenne · Eq €193k
FREEDOM BELGIUM
BE 0469.445.059
Sint-Jans-Molenbeek · Eq €193k
ILKO
BE 0886.026.803
Genk · Eq €198k
Of 1,512 companies in sector 47252 we hold annual accounts for 616. 495 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2004
Fiscal year end30-06
Activities, NACEBEL
47252Retail sale of beverages, general range
52250Logistics services
46349Wholesale of beverages, general range
51340
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 06-08-2026. Scores and ratios are computed by Checked and are not a credit decision.