VERTITEC
ActiveSummary
The computed 12-month bankruptcy probability of VERTITEC is 1.5% (moderate). The 2025 annual accounts show equity of €222k and a net result of €104k. Its solvency ranks better than 24% of 8048 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-7
Solvency44▲+4
Growth52
Track record82
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.22 in 2024; short-term debt: 75.2% and cash: 4.8% of total assets), and 81.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
18.7%
Return on assets
8.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€104k▼ 8.6%
2024 · €114k
2024: €114k
2025: €104k▼ -8.6% vs 2024
2024 → 2025
Working capital
€212k▲ 53.2%
2024 · €138k
2024: €138k
2025: €212k▲ +53.2% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€119k-€222k▲ 87.5%
2024: €119k
2025: €222k▲ +87.5% vs 2024
Operating result€170k-€147k▼ 13.1%
2024: €170k
2025: €147k▼ -13.1% vs 2024
Net result€114k-€104k▼ 8.6%
2024: €114k
2025: €104k▼ -8.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€83k ▲ 119%
Current assets
€1.11M ▲ 45.3%
Equity and liabilities €1.19M
Equity
€222k ▲ 87.5%
Debt
€966k ▲ 42.1%
Debt's share of the balance-sheet total falls from 85.1% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€162k▼
2024 · €176k
Cash flow
€118k▼
2024 · €120k
Current ratio
1.24▲
2024 · 1.22
Quick ratio
0.24▼
2024 · 0.76
Debt to equity
4.34▼
2024 · 5.73
ROE
46.7%▼
2024 · 95.8%
ROA
8.7%▼
2024 · 14.2%
Interest coverage
7.07▲
2024 · 6.64
Debt ≤ 1 year
€893k▲
2024 · €622k
Debt > 1 year
€72k▲
2024 · €57k
Income taxes
€28k▼
2024 · €31k
Staff costs
€68k▲
2024 · €28k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€798k€1.19M▲
Fixed assets21/28€38k€83k▲
Tangible fixed assets22/27€38k€83k▲
Land and buildings22€9k€16k▲
Plant, machinery and equipment23€5k€10k▲
Furniture and vehicles24€24k€18k▼
Leasing and similar rights25-€40k
Current assets29/58€760k€1.11M▲
Stocks and contracts in progress3€289k€889k▲
Stocks30/36€289k€889k▲
Amounts receivable within one year40/41€391k€158k▼
Trade receivables40€391k€139k▼
Other amounts receivable41-€19k
Cash at bank and in hand54/58€81k€57k▼
Deferred charges and accrued income490/1-€619
Equity and liabilities
Total equity and liabilities10/49€798k€1.19M▲
Equity10/15€119k€222k▲
Contributions10/11€5k€5k=
Reserves13€113k€217k▲
Distributable reserves133€113k€217k▲
Profit (loss) carried forward14€622€464▼
Amounts payable17/49€680k€966k▲
Amounts payable after more than one year17€57k€72k▲
Financial debts170/4€57k€72k▲
Amounts payable within one year42/48€622k€893k▲
Current portion of amounts payable after more than one year42€16k€175k▲
Financial debts43€205k€205k=
Credit institutions430/8€205k€205k=
Trade debts44€317k€409k▲
Suppliers440/4€317k€409k▲
Taxes, remuneration and social security45€57k€73k▲
Taxes450/3€48k€62k▲
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€28k€31k▲
Accrued charges and deferred income492/3€333€304▼
Income statement
Code20242025
Remuneration, social security and pensions62€28k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€14k▲
Other operating charges640/8€1k€21k▲
Gross operating margin9900€205k€251k▲
Operating profit (loss)9901€170k€147k▼
Financial income75/76B€2k€7k▲
Recurring financial income75€2k€7k▲
Financial charges65/66B€26k€23k▼
Recurring financial charges65€26k€23k▼
Profit (loss) for the period before taxes9903€145k€132k▼
Income taxes67/77€31k€28k▼
Profit (loss) for the period9904€114k€104k▼
Profit (loss) for the period to be appropriated9905€114k€104k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€104k▼
Profit (loss) brought forward from the previous period14P-€622
Transfer to equity691/2€113k€104k▼
To other reserves6921€113k€104k▼
Social balance
Average headcount (FTE)90870.41.0▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €28k | €68k | ▲ 146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €14k | ▲ 124% |
| Other operating charges640/8 | €1k | €21k | ▲ 1,925% |
| Gross operating margin9900 | €205k | €251k | ▲ 22.8% |
| Operating profit (loss)9901 | €170k | €147k | ▼ 13.1% |
| Financial income75/76B | €2k | €7k | ▲ 321% |
| Recurring financial income75 | €2k | €7k | ▲ 321% |
| Financial charges65/66B | €26k | €23k | ▼ 13.6% |
| Recurring financial charges65 | €26k | €23k | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €145k | €132k | ▼ 9.1% |
| Income taxes67/77 | €31k | €28k | ▼ 10.9% |
| Profit (loss) for the period9904 | €114k | €104k | ▼ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €114k | €104k | ▼ 8.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €798k | €1.19M | ▲ 48.9% |
| Fixed assets21/28 | €38k | €83k | ▲ 119% |
| Tangible fixed assets22/27 | €38k | €83k | ▲ 119% |
| Land and buildings22 | €9k | €16k | ▲ 78.6% |
| Plant, machinery and equipment23 | €5k | €10k | ▲ 94.3% |
| Furniture and vehicles24 | €24k | €18k | ▼ 27.1% |
| Leasing and similar rights25 | - | €40k | - |
| Current assets29/58 | €760k | €1.11M | ▲ 45.3% |
| Stocks and contracts in progress3 | €289k | €889k | ▲ 208% |
| Stocks30/36 | €289k | €889k | ▲ 208% |
| Amounts receivable within one year40/41 | €391k | €158k | ▼ 59.5% |
| Trade receivables40 | €391k | €139k | ▼ 64.3% |
| Other amounts receivable41 | - | €19k | - |
| Cash at bank and in hand54/58 | €81k | €57k | ▼ 29.5% |
| Deferred charges and accrued income490/1 | - | €619 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €798k | €1.19M | ▲ 48.9% |
| Equity10/15 | €119k | €222k | ▲ 87.5% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €113k | €217k | ▲ 92.0% |
| Distributable reserves133 | €113k | €217k | ▲ 92.0% |
| Profit (loss) carried forward14 | €622 | €464 | ▼ 25.5% |
| Amounts payable17/49 | €680k | €966k | ▲ 42.1% |
| Amounts payable after more than one year17 | €57k | €72k | ▲ 26.4% |
| Financial debts170/4 | €57k | €72k | ▲ 26.4% |
| Amounts payable within one year42/48 | €622k | €893k | ▲ 43.6% |
| Current portion of amounts payable after more than one year42 | €16k | €175k | ▲ 1,000% |
| Financial debts43 | €205k | €205k | = |
| Credit institutions430/8 | €205k | €205k | = |
| Trade debts44 | €317k | €409k | ▲ 29.1% |
| Suppliers440/4 | €317k | €409k | ▲ 29.1% |
| Taxes, remuneration and social security45 | €57k | €73k | ▲ 29.0% |
| Taxes450/3 | €48k | €62k | ▲ 29.9% |
| Remuneration and social security454/9 | €9k | €11k | ▲ 24.5% |
| Other amounts payable47/48 | €28k | €31k | ▲ 13.4% |
| Accrued charges and deferred income492/3 | €333 | €304 | ▼ 8.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €114k | €104k | ▼ 8.6% |
| + Depreciation and write-downs630 | €6k | €14k | ▲ 124% |
| Operating cash flow (approximation) | €120k | €118k | ▼ 1.6% |
| Investment in fixed assets (approximation) | - | €-60k | - |
| Change in cash | - | €-24k | - |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €222k ▲87.5%
2 profitable years in a row build equity to €222k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Enghien · 1 establishment unit since 2024
Ground area
344 m²
Building footprint
137 m²
Volume, LiDAR
1,053 m³
Parcel 55025B0229/00T000, Wallonia · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VERTITEC
since 20242.357.700.410
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025B0229/00T000indicative | Wallonia | 343 m² | 1 · 137 m² | 9.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 806 companies in sector 46610 we hold annual accounts for 566. 444 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
Founded24-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
33120Repair and maintenance of machinery
Scores and ratios are computed by Checked and are not a credit decision.