VERTICAL
ActiveVERTICAL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224k and a net result of €4k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 2288 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-27
Solvency99▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.25 against 2.56 in 2024; short-term debt: 25.5% and cash: 43.5% of total assets), and 25.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
74.5%
Return on assets
1.2%
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 01-02-2026, 1 day 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
1 d late
2024
8 d early
2023
78 d late
2022
37 d late
2021
on the day
2020
2 d late
2019
2 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 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€509k
EBIT margin
0.9%
Net result
€4k▼ 95.3%
2024 · €78k
2019: €2k
2020: €4k
2021: €2k
2022: €6k
2023: €7k
2024: €78k
2019 → 2025
Working capital
€173k▼ 6.6%
2024 · €185k
2019: €118k
2020: €120k
2021: €115k
2022: €120k
2023: €111k
2024: €185k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€128k-€135k▲ 4.9%€142k▲ 5.4%€220k▲ 55.1%€224k▲ 1.7%
Operating result€3k-€11k▲ 301%€10k▼ 10.7%€108k▲ 1,032%€6k▼ 94.0%
Net result€2k-€6k▲ 314%€7k▲ 15.1%€78k▲ 972%€4k▼ 95.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301k
Fixed assets
€51k▲ 39.2%
Current assets
€250k▼ 17.9%
Equity and liabilities €301k
Equity
€224k▲ 1.7%
Debt
€77k▼ 36.6%
The debt ratio falls from 35.5% to 25.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €124k
Cash flow
€19k▼
2024 · €94k
Solvency
74.5%▲
2024 · 64.5%
Current ratio
3.25▲
2024 · 2.56
Quick ratio
2.42▲
2024 · 1.88
Debt / equity
0.34▼
2024 · 0.55
ROE
1.6%▼
2024 · 35.5%
ROA
1.2%▼
2024 · 22.9%
Interest coverage
89.18▼
2024 · 185.06
Debt
€77k▼
2024 · €121k
Debt ≤ 1 year
€77k▼
2024 · €119k
Debt > 1 year
€49▼
2024 · €2k
Income taxes
€3k▼
2024 · €30k
Staff costs
€12k▼
2024 · €13k
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€342k€301k▼
Formation expenses20€752-
Fixed assets21/28€37k€51k▲
Tangible fixed assets22/27€37k€51k▲
Furniture and vehicles24€37k€51k▲
Current assets29/58€304k€250k▼
Stocks and contracts in progress3€80k€64k▼
Stocks30/36€80k€64k▼
Amounts receivable within one year40/41€88k€49k▼
Trade receivables40€83k€49k▼
Other amounts receivable41€6k€183▼
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€134k€131k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€342k€301k▼
Equity10/15€220k€224k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€83k€83k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€119k€123k▲
Amounts payable17/49€121k€77k▼
Amounts payable after more than one year17€2k€49▼
Other amounts payable178/9€2k€49▼
Amounts payable within one year42/48€119k€77k▼
Financial debts43-€156
Credit institutions430/8-€156
Trade debts44€55k€73k▲
Suppliers440/4€55k€73k▲
Advances received on contracts in progress46€24k-
Taxes, remuneration and social security45€40k€3k▼
Taxes450/3€36k€2k▼
Remuneration and social security454/9€4k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€13k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€549€582▲
Gross operating margin9900€138k€34k▼
Operating profit (loss)9901€108k€6k▼
Financial income75/76B€365€71▼
Recurring financial income75€365€71▼
Financial charges65/66B€672€248▼
Recurring financial charges65€672€248▼
Profit (loss) for the period before taxes9903€108k€6k▼
Income taxes67/77€30k€3k▼
Profit (loss) for the period9904€78k€4k▼
Profit (loss) for the period to be appropriated9905€78k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€194k€123k▼
Profit (loss) brought forward from the previous period14P€116k€119k▲
Transfer to equity691/2€75k-
To other reserves6921€75k-
The notes to these accounts (5 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
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Highest result since 2019net €78k ▲972%
Operating result €108k, net result €78k, both a record.
30-06
Financial
Equity above €200kEq €220k ▲55.1%
6 profitable years in a row build equity to €220k.
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 78 days late
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Weakest financial yearnet €2k ▼56.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Sprimont · 2 establishment units since 2011
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.
Rue des XII Hommes(LVG) 614141 SprimontGround area
1,184 m²
Building footprint
180 m²
Volume, LiDAR
803 m³
2 parcels, Brussels, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Vertical tech - vertical Solar - PEB Certification - Mon Certificat PEB - Entreprises Générales Krier
since 20112.200.915.746
Vertical Solar
since 20182.272.476.210
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067B0047/00S000 | Wallonia | 931 m² | 1 · 95 m² | - |
| 21006A0378/00X003 | Brussels | 252 m² | 1 · 85 m² | 12.9 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.
Recognitions · licences · registrations
Recognised contractor
1 categoryVERTICAL SRL44822
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Of 3,292 companies in sector 93110 we hold annual accounts for 1,492. 1,104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-2011
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
93110Operation of sports facilities
41001General construction of residential buildings
42990Civil engineering
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.