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VERTIMMO

Active
Public limited companyfounded 199333 yrs activeRue Louis Renard 17, 4367 Crisnée, BelgiumKBO/BCE: BE 0451.443.740
Summary

VERTIMMO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €321,736 and a net result of €9,693. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability42▼-21
Solvency59▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.8 against 4.95 in 2023; short-term debt: 8.2% and cash: 4% of total assets), but 65.6% of the assets are financed with debt.
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Signals

Five 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 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 13-07-2025, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
18 d early
2023
32 d early
2022
43 d early
2021
21 d early
2020
24 d late
2019
42 d early
← 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 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 September 1993, VERTIMMO was incorporated.1 Total assets went from EUR 274,631 in 2018 to EUR 936,163 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,693▼ 74.0%
2023 · €37,312
Working capital
€138,554▼ 18.6%
2023 · €170,304
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€29,508▼ 52.5%€21,318▼ 27.8%€41,079▲ 92.7%€54,586▲ 32.9%€37,387▼ 31.5%
Net result€17,700within the sector's middle half▼ 59.5%€29,022within the sector's middle half▲ 64.0%€38,001within the sector's middle half▲ 30.9%€37,312within the sector's middle half▼ 1.8%€9,693within the sector's middle half▼ 74.0%
Equity€282,709within the sector's middle half▼ 5.5%€311,731within the sector's middle half▲ 10.3%€311,732within the sector's middle half=€312,043within the sector's middle half▲ 0.1%€321,736within the sector's middle half▲ 3.1%
Total assets€355,182within the sector's middle half▲ 7.4%€350,411within the sector's middle half▼ 1.3%€743,296within the sector's middle half▲ 112%€889,696within the sector's middle half▲ 19.7%€936,163within the sector's middle half▲ 5.2%
Debt€72,473▲ 128%€38,680▼ 46.6%€431,564▲ 1,016%€577,653▲ 33.9%€614,427▲ 6.4%
Working capital€205,937▼ 4.6%€248,586▲ 20.7%€211,052▼ 15.1%€170,304▼ 19.3%€138,554▼ 18.6%
Solvency79.6%above the sector's middle half▼ 10.8pp89.0%above the sector's middle half▲ 9.4pp41.9%within the sector's middle half▼ 47.0pp35.1%within the sector's middle half▼ 6.9pp34.4%within the sector's middle half▼ 0.7pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2020: €29,508€29,508Net result 2020: €17,700€17,700Operating result 2021: €21,318€21,318Net result 2021: €29,022€29,022Operating result 2022: €41,079€41,079Net result 2022: €38,001€38,001Operating result 2023: €54,586€54,586Net result 2023: €37,312€37,312Operating result 2024: €37,387€37,387Net result 2024: €9,693€9,69320202021202220232024€0€20,000€40,000€60,000Operating result 2022: €41,079€41,100Net result 2022: €38,001€38,000Operating result 2023: €54,586€54,600Net result 2023: €37,312€37,300Operating result 2024: €37,387€37,400Net result 2024: €9,693€9,690202220232024
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €936,163
Fixed assets €720,798 ▲ 6.6%
Current assets €215,365 ▲ 0.9%
Equity and liabilities €936,163
Equity €321,736 ▲ 3.1%
Debt €614,427 ▲ 6.4%
Debt's share of the balance-sheet total rises from 64.9% to 65.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€72,626▼
2023 · €80,669
Cash flow
€44,932▼
2023 · €63,394
Current ratio
2.80▼
2023 · 4.95
Debt to equity
1.91▲
2023 · 1.85
ROE
3.0%▼
2023 · 12.0%
ROA
1.0%▼
2023 · 4.2%
Interest coverage
2.66▼
2023 · 4.67
Debt ≤ 1 year
€76,812▲
2023 · €43,072
Debt > 1 year
€537,615▲
2023 · €534,581
Income taxes
€442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% 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 bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 14,684 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€889,696€936,163▲
Fixed assets21/28€676,320€720,798▲
Tangible fixed assets22/27€676,320€720,798▲
Land and buildings22€675,952€634,069▼
Plant, machinery and equipment23€369€287▼
Furniture and vehicles24-€86,442
Current assets29/58€213,376€215,365▲
Amounts receivable within one year40/41€184,020€177,794▼
Trade receivables40-€1,542
Other amounts receivable41€184,020€176,252▼
Cash at bank and in hand54/58€23,924€37,571▲
Deferred charges and accrued income490/1€5,432-
Equity and liabilities
Total equity and liabilities10/49€889,696€936,163▲
Equity10/15€312,043€321,736▲
Contributions10/11€130,000€130,000=
Capital10€130,000€130,000=
Issued capital100€130,000€130,000=
Reserves13€78,500€78,500=
Non-distributable reserves130/1€13,000€13,000=
Legal reserve130€13,000€13,000=
Distributable reserves133€65,500€65,500=
Profit (loss) carried forward14€103,543€113,236▲
Amounts payable17/49€577,653€614,427▲
Amounts payable after more than one year17€534,581€537,615▲
Financial debts170/4€534,327€537,615▲
Other amounts payable178/9€254-
Amounts payable within one year42/48€43,072€76,812▲
Current portion of amounts payable after more than one year42€25,676€56,687▲
Trade debts44€59€642▲
Suppliers440/4€59€642▲
Taxes, remuneration and social security45€1,336€2,438▲
Taxes450/3€1,336€2,438▲
Other amounts payable47/48€16,000€17,045▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,083€35,239▲
Other operating charges640/8€7,913€14,889▲
Gross operating margin9900€88,582€87,514▼
Operating profit (loss)9901€54,586€37,387▼
Financial income75/76B-€12
Recurring financial income75-€12
Financial charges65/66B€17,275€27,264▲
Recurring financial charges65€17,275€27,264▲
Profit (loss) for the period before taxes9903€37,312€10,135▼
Income taxes67/77-€442
Profit (loss) for the period9904€37,312€9,693▼
Profit (loss) for the period to be appropriated9905€37,312€9,693▼
Appropriation of the result
Profit (loss) to be appropriated9906€140,543€113,236▼
Profit (loss) brought forward from the previous period14P€103,232€103,543▲
Profit to be distributed694/7€37,000-
Return on contributions (dividend)694€37,000-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,648€13,627€7,267€26,083€35,239▲ 35.1%
Other operating charges640/8-€7,530€10,915€7,913€14,889▲ 88.2%
Gross operating margin9900€47,423€42,475€59,261€88,582€87,514▼ 1.2%
Operating profit (loss)9901€29,508€21,318€41,079€54,586€37,387▼ 31.5%
Financial income75/76B-€15,312--€12-
Recurring financial income75-€15,312--€12-
Financial charges65/66B-€213€3,078€17,275€27,264▲ 57.8%
Recurring financial charges65€112€213€3,078€17,275€27,264▲ 57.8%
Profit (loss) for the period before taxes9903€29,396€36,417€38,001€37,312€10,135▼ 72.8%
Income taxes67/77€11,696€7,396--€442-
Profit (loss) for the period9904€17,700€29,022€38,001€37,312€9,693▼ 74.0%
Profit (loss) for the period to be appropriated9905€17,700€29,022€38,001€37,312€9,693▼ 74.0%
Line20202021202220232024Change
Assets
Total assets20/58€355,182€350,411€743,296€889,696€936,163▲ 5.2%
Fixed assets21/28€77,026€63,399€454,346€676,320€720,798▲ 6.6%
Tangible fixed assets22/27€77,026€63,399€454,346€676,320€720,798▲ 6.6%
Land and buildings22-€43,623€454,346€675,952€634,069▼ 6.2%
Plant, machinery and equipment23-€1,431-€369€287▼ 22.2%
Furniture and vehicles24-€18,344--€86,442-
Current assets29/58€278,156€287,012€288,950€213,376€215,365▲ 0.9%
Amounts receivable within one year40/41--€287,372€184,020€177,794▼ 3.4%
Trade receivables40--€5,475-€1,542-
Other amounts receivable41--€281,897€184,020€176,252▼ 4.2%
Current investments50/53€118,726-----
Cash at bank and in hand54/58€156,520€287,012€1,578€23,924€37,571▲ 57.0%
Deferred charges and accrued income490/1---€5,432--
Equity and liabilities
Total equity and liabilities10/49€355,182€350,411€743,296€889,696€936,163▲ 5.2%
Equity10/15€282,709€311,731€311,732€312,043€321,736▲ 3.1%
Contributions10/11-€130,000€130,000€130,000€130,000=
Capital10-€130,000€130,000€130,000€130,000=
Issued capital100-€130,000€130,000€130,000€130,000=
Reserves13€78,500€78,500€78,500€78,500€78,500=
Non-distributable reserves130/1-€13,000€13,000€13,000€13,000=
Legal reserve130-€13,000€13,000€13,000€13,000=
Distributable reserves133-€65,500€65,500€65,500€65,500=
Profit (loss) carried forward14€74,209€103,231€103,232€103,543€113,236▲ 9.4%
Amounts payable17/49€72,473€38,680€431,564€577,653€614,427▲ 6.4%
Amounts payable after more than one year17€254€254€353,666€534,581€537,615▲ 0.6%
Financial debts170/4--€353,412€534,327€537,615▲ 0.6%
Other amounts payable178/9-€254€254€254--
Amounts payable within one year42/48€72,219€38,426€77,898€43,072€76,812▲ 78.3%
Current portion of amounts payable after more than one year42--€19,941€25,676€56,687▲ 121%
Trade debts44€6,450€2,180-€59€642▲ 987%
Suppliers440/4-€2,180-€59€642▲ 987%
Taxes, remuneration and social security45-€2,525€2,525€1,336€2,438▲ 82.4%
Taxes450/3-€2,525€2,525€1,336€2,438▲ 82.4%
Other amounts payable47/48-€33,722€55,433€16,000€17,045▲ 6.5%
Line20202021202220232024Change
Profit (loss) for the period9904€17,700€29,022€38,001€37,312€9,693▼ 74.0%
+ Depreciation and write-downs630€10,648€13,627€7,267€26,083€35,239▲ 35.1%
Operating cash flow (approximation)€28,348€42,649€45,268€63,394€44,932▼ 29.1%
Investment in fixed assets (approximation)-€0-€398,214-€248,057-€79,717▲ 67.9%
Change in cash-€130,492-€285,434€22,346€13,647▼ 38.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
13-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet €9,693 ▼74%
Net result drops to €9,693, the lowest in the series.
29-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
18-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
10-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
19-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €43,653 ▲169%
Operating result €62,071, net result €43,653, both a record.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 29 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Crisnée · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
4,690 m²
Building footprint
602 m²
Volume, LiDAR
656 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
VERTIMMO
Rue de Bruxelles 71, 4340 AwansNACE 70120
since 19932.339.143.716
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62006A0579/00C000 Wallonia 2,983 m² 1 · 495 m² -
64415B0365/00K000 Wallonia 1,706 m² 1 · 107 m² 8.5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. CD Immo 100%
  2. VERTIMMO

Highest known parent: CD Immo. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

9676002W4MW5EEGTC207
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 5,003 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded03-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail christophe@izifin.be
Phone 042335149
E-invoicing
Reachable via Peppol
Peppol ID 0208:0451443740
Registered 14-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.