VERTIRAMA
The file of VERTIRAMA contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 6.4% (elevated). The 2020 annual accounts show equity of €645k and a net result of €134k. Equity is shrinking by ~96.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2022. Its solvency ranks better than 23% of 44 sector peers (fiscal year 2020).
| Equity | €645k |
| Net result | €134k |
| Staff (FTE) | 78 |
| Better than sector | 23% |
Mixed profile: strong on growth, weaker on solvency.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.5% | 18.1% | |
| Net result | €134k | €9k | |
| Equity | €645k | €55k | |
| Total assets | €8.65M | €201k |
| Fiscal year | 2020 |
|---|---|
| Revenue | €19.85M |
| EBITDA | €895k |
| Net profit | €134k |
| Cash flow | €524k |
| Staff costs | - |
| Income taxes | €155k |
| Dividends | - |
| Total assets | €8.65M |
| Equity | €645k |
| Debt | €8.00M |
| of which ≤ 1y | €4.55M |
| of which > 1y | €3.41M |
| Working capital | €741k |
| Employees (FTE) | 78.0 |
| 2020 | |
|---|---|
| Current ratio | 1.16 |
| Quick ratio | 0.87 |
| Working capital ratio | 8.6% |
| Solvency | 7.5% |
| Debt / equity | 5.29 |
| Long-term debt ratio | 5.29 |
| Interest coverage | 4.55 |
| Gross margin | - |
| Net margin | 0.7% |
| ROA | 1.5% |
| ROE | 20.8% |
| EBITDA margin | 4.5% |
| Days sales outstanding | 54d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2020 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8.65M |
| Fixed assets | 21/28 | €3.36M |
| Tangible fixed assets | 22/27 | €2.34M |
| Financial fixed assets | 28 | €1.02M |
| Current assets | 29/58 | €5.29M |
| Stocks & contracts in progress | 3 | €1.33M |
| Amounts receivable within one year | 40/41 | €2.94M |
| Cash & bank | 54/58 | €348k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.65M |
| Equity | 10/15 | €645k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €584k |
| Accumulated profits (losses) | 14 | €-2.90M |
| Provisions & deferred taxes | 16 | €1k |
| Amounts payable | 17/49 | €8.00M |
| Amounts payable after one year | 17 | €3.41M |
| Amounts payable within one year | 42/48 | €4.55M |
| Trade debts payable within one year | 44 | €2.60M |
| Income statement | ||
| Turnover | 70 | €19.85M |
| Operating result | 9901 | €505k |
| Financial income | 75 | €24k |
| Financial charges | 65 | €240k |
| Result before taxes | 9903 | €289k |
| Income taxes | 67/77 | €155k |
| Net result for the period | 9904 | €134k |
| Result to be appropriated | 9905 | €134k |
| NACE primary | 16281 |
| Legal form | Public limited company(014) |
| Incorporation | 01-10-1990 |
| Status | Active |
| Postal code | 8700 |
| First BS signal | 23-09-2022 |
| Latest BS signal | 23-09-2022 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303I0161/00C002 | Flanders | 2.1 ha | 1 · 1.0 ha | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
20-09-2022 Mandate of Eric Van Zuijlen as managing director expired
- Eric Van Zuijlen, Gedelegeerd bestuurder
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}16-09-2022 3 directors appointed, 1 resigning, 1 reappointed
- Thijs Mertens, Bestuurder
- Eric van Zuijlen, Bestuurder
- Yves Trouveroy, Bestuurder
- Koen Braekman, Bestuurder
- Yves Trouveroy, Bestuurder
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}14-07-2022 Grant Thomton Bedrijfsrevisoren CV appointed as statutory auditor
- Grant Thomton Bedrijfsrevisoren CV, Commissaris
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | VERTIRAMA |