Verti-GO System
ActiveThe file of Verti-GO System contains 7 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 10.2% (high). The 2024 annual accounts show equity of €29,988 and a net result of €114,784. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 763 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+13
Solvency29▲+9
Growth58=
Track record60
Bankruptcy probability, 12 months
10.2%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 0.91 in 2023; short-term debt: 96.1% and cash: 0.7% of total assets), and 96.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
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 2024Solvency, return and age of the figures
Solvency
3.9%
Return on assets
14.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 763 sector peers (2024).
NBB · sector comparisonPosition among 763 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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
not confirmed
2024
20 d late
2023
29 d late
2022
37 d late
2021
30 d late
2020
31 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€114,784▲ 313%
2023 · €27,772
Working capital
-€117,445▼ 95.3%
2023 · -€60,131
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€200,744▼ 218%€138,681€74,707▼ 46.1%€37,158▼ 50.3%€148,003▲ 298%
Net result-€248,191below the sector's middle half▼ 149%€121,802within the sector's middle half€68,350within the sector's middle half▼ 43.9%€27,772within the sector's middle half▼ 59.4%€114,784within the sector's middle half▲ 313%
Equity-€255,220below the sector's middle half▼ 1,840%-€130,918below the sector's middle half▲ 48.7%-€62,568below the sector's middle half▲ 52.2%-€34,796below the sector's middle half▲ 44.4%€29,988below the sector's middle half
Total assets€296,797below the sector's middle half▼ 29.9%€266,928below the sector's middle half▼ 10.1%€535,808below the sector's middle half▲ 101%€638,991below the sector's middle half▲ 19.3%€778,601below the sector's middle half▲ 21.8%
Debt€552,016▲ 26.4%€397,846▼ 27.9%€598,377▲ 50.4%€673,787▲ 12.6%€748,613▲ 11.1%
Working capital-€281,910below the sector's middle half▼ 574%-€156,619below the sector's middle half▲ 44.4%-€83,066below the sector's middle half▲ 47.0%-€60,131below the sector's middle half▲ 27.6%-€117,445below the sector's middle half▼ 95.3%
Solvency-86.0%below the sector's middle half▼ 82.9pp-49.0%below the sector's middle half▲ 36.9pp-11.7%below the sector's middle half▲ 37.4pp-5.4%below the sector's middle half▲ 6.2pp3.9%below the sector's middle half▲ 9.3pp
Current ratio0.49below the sector's middle half▼ 0.410.61below the sector's middle half▲ 0.120.86below the sector's middle half▲ 0.250.91below the sector's middle half▲ 0.050.84below the sector's middle half▼ 0.07
Return on assets (ROA)-83.6%below the sector's middle half▼ 60.1pp45.6%above the sector's middle half▲ 129.3pp12.8%above the sector's middle half▼ 32.9pp4.3%within the sector's middle half▼ 8.4pp14.7%above the sector's middle half▲ 10.4pp
Staff (FTE)1.4below the sector's middle half1.7below the sector's middle half▲ 21.4%5.6below the sector's middle half▲ 229%12.3within the sector's middle half▲ 120%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2020 Net result -149% on 2019. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 298% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €778,601
Fixed assets
€147,433 ▲ 482%
Current assets
€631,168 ▲ 2.9%
Equity and liabilities €778,601
Equity
€29,988
Debt
€748,613
Debt finances 96.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€178,950▲
2023 · €47,081
Cash flow
€145,731▲
2023 · €37,696
Debt to equity
24.96
ROE
382.8%
Interest coverage
23.38▲
2023 · 18.70
Debt ≤ 1 year
€748,613▲
2023 · €673,787
Income taxes
€25,570▲
2023 · €6,901
Staff costs
€797,197▲
2023 · €732,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 536 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.4%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 10.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 536 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €102,130 | €336,362 | €732,331 | €797,197 | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,550 | €13,335 | €6,535 | €9,923 | €30,947 | ▲ 212% |
| Other operating charges640/8 | - | €8,786 | €8,208 | €65,092 | €17,157 | ▼ 73.6% |
| Non-recurring operating charges66A | - | €13,078 | - | - | - | - |
| Gross operating margin9900 | -€1,948 | €276,009 | €425,811 | €844,504 | €993,304 | ▲ 17.6% |
| Operating profit (loss)9901 | -€200,744 | €138,681 | €74,707 | €37,158 | €148,003 | ▲ 298% |
| Financial income75/76B | - | - | - | €34 | €5 | ▼ 84.1% |
| Recurring financial income75 | €363 | - | - | €34 | €5 | ▼ 84.1% |
| Financial charges65/66B | - | €16,302 | €5,765 | €2,518 | €7,654 | ▲ 204% |
| Recurring financial charges65 | €47,611 | €16,302 | €5,765 | €2,518 | €7,654 | ▲ 204% |
| Profit (loss) for the period before taxes9903 | -€247,992 | €122,380 | €68,943 | €34,674 | €140,354 | ▲ 305% |
| Income taxes67/77 | €199 | €578 | €593 | €6,901 | €25,570 | ▲ 271% |
| Profit (loss) for the period9904 | -€248,191 | €121,802 | €68,350 | €27,772 | €114,784 | ▲ 313% |
| Profit (loss) for the period to be appropriated9905 | -€248,191 | €121,802 | €68,350 | €27,772 | €114,784 | ▲ 313% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €296,797 | €266,928 | €535,808 | €638,991 | €778,601 | ▲ 21.8% |
| Fixed assets21/28 | €26,690 | €25,701 | €20,497 | €25,335 | €147,433 | ▲ 482% |
| Tangible fixed assets22/27 | €25,790 | €24,801 | €19,597 | €24,435 | €146,533 | ▲ 500% |
| Plant, machinery and equipment23 | - | €13,528 | €12,070 | €10,144 | €126,063 | ▲ 1,143% |
| Furniture and vehicles24 | - | €11,274 | €7,528 | €14,291 | €20,470 | ▲ 43.2% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €270,106 | €241,227 | €515,311 | €613,656 | €631,168 | ▲ 2.9% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade receivables290 | - | - | - | €50,000 | €50,000 | = |
| Other amounts receivable291 | - | €50,000 | €50,000 | - | - | - |
| Amounts receivable within one year40/41 | €144,590 | €172,575 | €451,685 | €423,928 | €573,300 | ▲ 35.2% |
| Trade receivables40 | - | €153,458 | €413,453 | €415,893 | €548,913 | ▲ 32.0% |
| Other amounts receivable41 | - | €19,117 | €38,232 | €8,036 | €24,387 | ▲ 203% |
| Cash at bank and in hand54/58 | €30,516 | €18,137 | €11,693 | €138,956 | €5,363 | ▼ 96.1% |
| Deferred charges and accrued income490/1 | - | €515 | €1,934 | €772 | €2,504 | ▲ 225% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €296,797 | €266,928 | €535,808 | €638,991 | €778,601 | ▲ 21.8% |
| Equity10/15 | -€255,220 | -€130,918 | -€62,568 | -€34,796 | €29,988 | ▲ 186% |
| Contributions10/11 | €12,400 | €14,900 | €14,900 | €14,900 | €14,900 | = |
| Outside capital11 | - | €14,900 | €14,900 | - | - | - |
| Other1109/19 | - | €14,900 | €14,900 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€269,480 | -€147,678 | -€79,328 | -€51,556 | €13,228 | ▲ 126% |
| Amounts payable17/49 | €552,016 | €397,846 | €598,377 | €673,787 | €748,613 | ▲ 11.1% |
| Amounts payable within one year42/48 | €552,016 | €397,846 | €598,377 | €673,787 | €748,613 | ▲ 11.1% |
| Trade debts44 | €478,118 | €274,360 | €403,499 | €377,090 | €391,027 | ▲ 3.7% |
| Suppliers440/4 | - | €274,360 | €403,499 | €370,470 | €384,407 | ▲ 3.8% |
| Bills of exchange payable441 | - | - | - | €6,620 | €6,620 | = |
| Taxes, remuneration and social security45 | - | €123,486 | €192,415 | €296,697 | €354,808 | ▲ 19.6% |
| Taxes450/3 | - | €62,749 | €80,473 | €109,469 | €160,621 | ▲ 46.7% |
| Remuneration and social security454/9 | - | €60,737 | €111,942 | €187,228 | €194,187 | ▲ 3.7% |
| Other amounts payable47/48 | - | - | €2,463 | - | €2,778 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€248,191 | €121,802 | €68,350 | €27,772 | €114,784 | ▲ 313% |
| + Depreciation and write-downs630 | €11,550 | €13,335 | €6,535 | €9,923 | €30,947 | ▲ 212% |
| Operating cash flow (approximation) | -€236,641 | €135,136 | €74,884 | €37,696 | €145,731 | ▲ 287% |
| Investment in fixed assets (approximation) | - | -€12,346 | -€1,330 | -€14,761 | -€153,045 | ▼ 937% |
| Change in cash | - | -€12,380 | -€6,444 | €127,263 | -€133,593 | ▼ 205% |
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
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
20-01
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 14-01-2022
2021
31-12
Financial
Back to profitnet €121,802
Net result €121,802 after 3 loss-making years.
24-12
Judicial reorganisation
Filing of a new plan authorised
Tribunal de l’entreprise de Liège, division Namur · collective agreement · event 20-12-2021
27-10
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 22-10-2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
18-08
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 12-08-2021
08-01
Judicial reorganisation
Plan approval refused
Tribunal de l’entreprise de Liège, division Namur · event 31-12-2020
2020
31-12
Financial
Weakest financial yearnet -€248,191
Net result drops to -€248,191, the lowest in the series; recovery starts the following year.
Show earlier events
03-12
Judicial reorganisation
Filing of a new plan authorised
Tribunal de l’entreprise de Liège, division Namur · collective agreement · event 27-11-2020
08-10
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 02-10-2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 341 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 302 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Villers-la-Ville · 1 establishment unit since 2014
Ground area
305 m²
Building footprint
125 m²
Volume, LiDAR
792 m³
Parcel 25062G0218/00L000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Verti-GO System
since 20142.225.590.467
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25062G0218/00L000 | Wallonia | 305 m² | 1 · 125 m² | 8.4 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.
Similar companies · same sector, comparable size
Bemepro
BE 0844.962.644
Menen · Eq €29,975
KONSTRUKTIE DE MAN
BE 0429.643.385
Hamme (Vl.) · Eq €29,945
GMT COATINGS
BE 0737.546.923
Liège · Eq €30,119
SOUDOTECH
BE 0821.800.430
Esneux · Eq €29,855
Custom Fix
BE 0689.556.568
Alveringem · Eq €30,124
Of 3,981 companies in this sector we hold annual accounts for 2,144. 1,219 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded10-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
33140Repair and maintenance of electrical equipment
25120Manufacture of fabricated metal products, except machinery and equipment
25220Manufacture of fabricated metal products, except machinery and equipment
25530Machining of metals
25930Manufacture of fabricated metal products, except machinery and equipment
25991Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
28990Manufacture of machinery and equipment not elsewhere classified
49410Freight transport by road
52250Logistics services
77320Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
E-mail
gabriel.sandu@hotmail.comVillers-la-Ville
Phone
0489/958.493Villers-la-Ville
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544289665
Also
9925:BE0544289665
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.