VERTHUS
ActiveVERTHUS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.86M and a net result of €133k. Equity is shrinking by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 10253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-3
Solvency64▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 4.59 against 5.04 in 2024; short-term debt: 19.6% and cash: 10.4% of total assets), but 60.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
39.4%
Return on assets
2.8%
Age of the figures
15 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 02-02-2026, 2 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
2 d late
2024
4 d late
2023
9 d early
2022
on the day
2021
on the day
2020
23 d early
2019
on the day
← 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 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.86M▲ 7.1%
2024 · €1.74M
2020: €2.60M
2021: €3.01M
2022: €3.42M
2023: €3.57M
2024: €1.74M
2020 → 2025
Total assets
€4.72M▲ 0.9%
2024 · €4.68M
2020: €3.59M
2021: €3.79M
2022: €4.26M
2023: €4.68M
2024: €4.68M
2020 → 2025
Net result
€133k▼ 43.8%
2024 · €236k
2020: €306k
2021: €425k
2022: €257k
2023: €259k
2024: €236k
2020 → 2025
Working capital
€3.32M▲ 0.2%
2024 · €3.32M
2020: €2.25M
2021: €2.55M
2022: €2.88M
2023: €3.09M
2024: €3.32M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.01M-€3.42M▲ 13.7%€3.57M▲ 4.3%€1.74M▼ 51.4%€1.86M▲ 7.1%
Operating result€483k-€257k▼ 46.8%€255k▼ 0.8%€258k▲ 1.3%€123k▼ 52.4%
Net result€425k-€257k▼ 39.4%€259k▲ 0.5%€236k▼ 8.8%€133k▼ 43.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.72M
Fixed assets
€466k▼ 13.1%
Current assets
€4.25M▲ 2.7%
Equity and liabilities €4.72M
Equity
€1.86M▲ 7.1%
Debt
€2.86M▼ 2.8%
The debt ratio falls from 62.9% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€303k▼
2024 · €446k
Cash flow
€313k▼
2024 · €424k
Solvency
39.4%▲
2024 · 37.1%
Current ratio
4.59▼
2024 · 5.04
Quick ratio
0.75▲
2024 · 0.68
Debt / equity
1.54▼
2024 · 1.69
ROE
7.1%▼
2024 · 13.6%
ROA
2.8%▼
2024 · 5.0%
Interest coverage
16.66▼
2024 · 24.14
Debt
€2.86M▼
2024 · €2.94M
Debt ≤ 1 year
€925k▲
2024 · €822k
Debt > 1 year
€1.93M▼
2024 · €2.12M
Income taxes
€39k▼
2024 · €72k
Staff costs
€1.83M▲
2024 · €1.68M
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€4.68M€4.72M▲
Fixed assets21/28€536k€466k▼
Intangible fixed assets21€129k€100k▼
Tangible fixed assets22/27€405k€366k▼
Land and buildings22€136k€80k▼
Plant, machinery and equipment23€160k€181k▲
Furniture and vehicles24€109k€105k▼
Financial fixed assets28€2k-
Current assets29/58€4.14M€4.25M▲
Stocks and contracts in progress3€3.58M€3.56M▼
Stocks30/36€3.58M€3.56M▼
Amounts receivable within one year40/41€131k€176k▲
Trade receivables40€100k€134k▲
Other amounts receivable41€31k€43k▲
Cash at bank and in hand54/58€400k€490k▲
Deferred charges and accrued income490/1€27k€25k▼
Equity and liabilities
Total equity and liabilities10/49€4.68M€4.72M▲
Equity10/15€1.74M€1.86M▲
Contributions10/11€156k€156k=
Capital10€156k€156k=
Issued capital100€156k€156k=
Reserves13€66k€66k=
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€656€656=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€1.51M€1.64M▲
Amounts payable17/49€2.94M€2.86M▼
Amounts payable after more than one year17€2.12M€1.93M▼
Financial debts170/4€69k€76k▲
Other amounts payable178/9€2.05M€1.86M▼
Amounts payable within one year42/48€822k€925k▲
Current portion of amounts payable after more than one year42€33k€36k▲
Trade debts44€393k€462k▲
Suppliers440/4€393k€462k▲
Taxes, remuneration and social security45€332k€351k▲
Taxes450/3€93k€86k▼
Remuneration and social security454/9€239k€265k▲
Other amounts payable47/48€64k€76k▲
Income statement
Code20242025
Non-recurring operating income76A-€908
Remuneration, social security and pensions62€1.68M€1.83M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€188k€180k▼
Other operating charges640/8€8k€7k▼
Gross operating margin9900€2.14M€2.14M▲
Operating profit (loss)9901€258k€123k▼
Financial income75/76B€69k€67k▼
Recurring financial income75€69k€67k▼
Financial charges65/66B€19k€18k▼
Recurring financial charges65€18k€18k▼
Non-recurring financial charges66B€733€124▼
Profit (loss) for the period before taxes9903€308k€172k▼
Income taxes67/77€72k€39k▼
Profit (loss) for the period9904€236k€133k▼
Profit (loss) for the period to be appropriated9905€236k€133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.58M€1.65M▼
Profit (loss) brought forward from the previous period14P€3.35M€1.51M▼
Transfer to equity691/2€2.07M-
To other reserves6921€2.07M-
Profit to be distributed694/7-€10k
Directors or managers695-€10k
Social balance
Average headcount (FTE)908739.441.7▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €133k ▼43.8%
Net result drops to €133k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2020net €425k ▲38.7%
Operating result €483k, net result €425k, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
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
Directors
9 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, Kortemark · 1 establishment unit since 2001
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.
Edewallestraat 948610 KortemarkGround area
6,737 m²
Building footprint
1,192 m²
Volume, LiDAR
7,219 m³
Parcel 32011A0016/00S000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Edewallestraat 94, 8610 Kortemark
since 20012.095.355.792
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011A0016/00S000 | Flanders | 6,737 m² | 1 · 1,192 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 112,905 EUR awarded · 97,126 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 27,307 EUR | 28,231 EUR |
| 2024 | 2 | 16,408 EUR | 14,844 EUR |
| 2023 | 2 | 21,899 EUR | 23,468 EUR |
| 2022 | 3 | 47,291 EUR | 30,583 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Call groene stroom (stopgezet)
Individueel Maatwerk
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortemark2.095.355.792
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Of 1,722 companies in sector 47521 we hold annual accounts for 1,289. 816 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-10-2001
Fiscal year end30-06
Activities, NACEBEL
47120Other non-specialised retail sale
47192Retail trade
47521Retail sale of hardware, building materials, paint and glass (general range)
52462
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.