Verticon
ActiveSummary
Verticon has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €203k and a net result of €38k. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 8.69 against 7.3 in 2023; short-term debt: 11.4% and cash: 73.5% of total assets), and 11.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
33 d early
2022
42 d early
2021
41 d early
2020
18 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€203k▲ 15.0%
2023 · €177k
2018: €49k
2019: €49k▼ -1.4% vs 2018lowest in 7 years
2020: €79k▲ +63.1% vs 2019
2021: €102k▲ +28.2% vs 2020
2022: €150k▲ +47.5% vs 2021
2023: €177k▲ +18.0% vs 2022
2024: €203k▲ +15.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€229k▲ 12.1%
2023 · €205k
2018: €74k
2019: €70k▼ -5.4% vs 2018lowest in 7 years
2020: €103k▲ +47.3% vs 2019
2021: €128k▲ +24.4% vs 2020
2022: €195k▲ +51.5% vs 2021
2023: €205k▲ +5.3% vs 2022
2024: €229k▲ +12.1% vs 2023highest in 7 years
2018 → 2024
Net result
€38k▲ 41.2%
2023 · €27k
2018: €22k
2019: €-713▼ -103% vs 2018lowest in 7 years
2020: €31k▲ +4398% vs 2019
2021: €22k▼ -27.2% vs 2020
2022: €48k▲ +116% vs 2021highest in 7 years
2023: €27k▼ -44.3% vs 2022
2024: €38k▲ +41.2% vs 2023
2018 → 2024
Working capital
€202k▲ 14.4%
2023 · €176k
2018: €48k
2019: €47k▼ -2.5% vs 2018lowest in 7 years
2020: €79k▲ +68.7% vs 2019
2021: €100k▲ +27.7% vs 2020
2022: €149k▲ +48.5% vs 2021
2023: €176k▲ +18.3% vs 2022
2024: €202k▲ +14.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€79k-€102k▲ 28.2%€150k▲ 47.5%€177k▲ 18.0%€203k▲ 15.0%
2020: €79klowest in 5 years
2021: €102k▲ +28.2% vs 2020
2022: €150k▲ +47.5% vs 2021
2023: €177k▲ +18.0% vs 2022
2024: €203k▲ +15.0% vs 2023highest in 5 years
Operating result€46k-€34k▼ 26.3%€73k▲ 118%€39k▼ 47.2%€55k▲ 41.6%
2020: €46k
2021: €34k▼ -26.3% vs 2020lowest in 5 years
2022: €73k▲ +118% vs 2021highest in 5 years
2023: €39k▼ -47.2% vs 2022
2024: €55k▲ +41.6% vs 2023
Net result€31k-€22k▼ 27.2%€48k▲ 116%€27k▼ 44.3%€38k▲ 41.2%
2020: €31k
2021: €22k▼ -27.2% vs 2020lowest in 5 years
2022: €48k▲ +116% vs 2021highest in 5 years
2023: €27k▼ -44.3% vs 2022
2024: €38k▲ +41.2% vs 2023
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 2024; 2024 is 42% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €229k
Fixed assets
€1k ▲ 375%
Current assets
€228k ▲ 11.5%
Equity and liabilities €229k
Equity
€203k ▲ 15.0%
Debt
€26k ▼ 6.3%
Debt's share of the balance-sheet total falls from 13.7% to 11.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2023 · €39k
Cash flow
€38k▲
2023 · €27k
Current ratio
8.69▲
2023 · 7.30
Debt to equity
0.13▼
2023 · 0.16
ROE
18.7%▲
2023 · 15.2%
ROA
16.6%▲
2023 · 13.1%
Interest coverage
530.25▲
2023 · 203.01
Debt ≤ 1 year
€26k▼
2023 · €28k
Income taxes
€19k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€205k€229k▲
Fixed assets21/28€294€1k▲
Tangible fixed assets22/27€294€1k▲
Furniture and vehicles24€294€1k▲
Current assets29/58€204k€228k▲
Amounts receivable after more than one year29€100k€35k▼
Other amounts receivable291€100k€35k▼
Amounts receivable within one year40/41€33k€19k▼
Trade receivables40€33k€19k▼
Cash at bank and in hand54/58€71k€169k▲
Deferred charges and accrued income490/1€144€6k▲
Equity and liabilities
Total equity and liabilities10/49€205k€229k▲
Equity10/15€177k€203k▲
Contributions10/11€18k€18k=
Reserves13€158k€185k▲
Distributable reserves133€158k€185k▲
Amounts payable17/49€28k€26k▼
Amounts payable within one year42/48€28k€26k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€21k€8k▼
Taxes450/3€21k€8k▼
Other amounts payable47/48€5k€16k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€450€85▼
Other operating charges640/8€1k€569▼
Non-recurring operating charges66A-€294
Gross operating margin9900€40k€56k▲
Operating profit (loss)9901€39k€55k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€193€104▼
Recurring financial charges65€193€104▼
Profit (loss) for the period before taxes9903€40k€57k▲
Income taxes67/77€13k€19k▲
Profit (loss) for the period9904€27k€38k▲
Profit (loss) for the period to be appropriated9905€27k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€38k▲
Transfer from equity791/2-€12k
Transfer to equity691/2€27k€38k▲
To other reserves6921€27k€38k▲
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €768 | €450 | €450 | €85 | ▼ 81.1% |
| Other operating charges640/8 | - | €503 | €159 | €1k | €569 | ▼ 51.7% |
| Non-recurring operating charges66A | - | - | - | - | €294 | - |
| Gross operating margin9900 | €48k | €35k | €74k | €40k | €56k | ▲ 38.2% |
| Operating profit (loss)9901 | €46k | €34k | €73k | €39k | €55k | ▲ 41.6% |
| Financial income75/76B | - | - | €0 | €2k | €2k | ▲ 3.1% |
| Recurring financial income75 | - | - | €0 | €2k | €2k | ▲ 3.1% |
| Financial charges65/66B | - | €97 | €123 | €193 | €104 | ▼ 46.3% |
| Recurring financial charges65 | €124 | €97 | €123 | €193 | €104 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | €46k | €34k | €73k | €40k | €57k | ▲ 40.2% |
| Income taxes67/77 | €15k | €11k | €25k | €13k | €19k | ▲ 38.4% |
| Profit (loss) for the period9904 | €31k | €22k | €48k | €27k | €38k | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €31k | €22k | €48k | €27k | €38k | ▲ 41.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €128k | €195k | €205k | €229k | ▲ 12.1% |
| Fixed assets21/28 | €612 | €1k | €743 | €294 | €1k | ▲ 375% |
| Tangible fixed assets22/27 | €612 | €1k | €743 | €294 | €1k | ▲ 375% |
| Furniture and vehicles24 | - | €1k | €743 | €294 | €1k | ▲ 375% |
| Current assets29/58 | €103k | €127k | €194k | €204k | €228k | ▲ 11.5% |
| Amounts receivable after more than one year29 | - | - | - | €100k | €35k | ▼ 65.5% |
| Other amounts receivable291 | - | - | - | €100k | €35k | ▼ 65.5% |
| Amounts receivable within one year40/41 | €47k | €24k | €79k | €33k | €19k | ▼ 42.0% |
| Trade receivables40 | - | €24k | €79k | €33k | €19k | ▼ 42.0% |
| Cash at bank and in hand54/58 | €56k | €103k | €114k | €71k | €169k | ▲ 138% |
| Deferred charges and accrued income490/1 | - | - | €1k | €144 | €6k | ▲ 3,724% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €128k | €195k | €205k | €229k | ▲ 12.1% |
| Equity10/15 | €79k | €102k | €150k | €177k | €203k | ▲ 15.0% |
| Contributions10/11 | - | €18k | €18k | €18k | €18k | = |
| Reserves13 | €61k | €83k | €131k | €158k | €185k | ▲ 16.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €81k | €130k | €158k | €185k | ▲ 16.7% |
| Amounts payable17/49 | €24k | €27k | €45k | €28k | €26k | ▼ 6.3% |
| Amounts payable within one year42/48 | €24k | €27k | €45k | €28k | €26k | ▼ 6.3% |
| Trade debts44 | - | €1k | €3k | €1k | €2k | ▲ 54.7% |
| Suppliers440/4 | - | €1k | €3k | €1k | €2k | ▲ 54.7% |
| Taxes, remuneration and social security45 | - | €8k | €24k | €21k | €8k | ▼ 61.4% |
| Taxes450/3 | - | €8k | €24k | €21k | €8k | ▼ 61.4% |
| Other amounts payable47/48 | - | €17k | €18k | €5k | €16k | ▲ 199% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €22k | €48k | €27k | €38k | ▲ 41.2% |
| + Depreciation and write-downs630 | €1k | €768 | €450 | €450 | €85 | ▼ 81.1% |
| Operating cash flow (approximation) | €32k | €23k | €49k | €27k | €38k | ▲ 39.2% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-1k | - |
| Change in cash | - | €48k | €10k | €-43k | €98k | ▲ 329% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €203k ▲15%
5 profitable years in a row build equity to €203k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €177k ▲18%
4 profitable years in a row build equity to €177k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲116%
Operating result €73k, net result €48k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €102k ▲28.2%
2 profitable years in a row build equity to €102k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-713
Net result drops to €-713, the lowest in the series; recovery starts the following year.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 317 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 674 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Kalmthout · 1 establishment unit since 2012
Ground area
1,524 m²
Building footprint
366 m²
Volume, LiDAR
2,195 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Verticon
since 20122.208.964.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0684/00A000 | Flanders | 998 m² | 1 · 176 m² | 9.6 m · 2 fl. |
| 24422D0014/00K003 | Flanders | 526 m² | 1 · 190 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.