VERTRA VD
ActiveVERTRA VD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 1845 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-6
Solvency59▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.28 in 2024; short-term debt: 65.9% and cash: 7.6% of total assets), but 65.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
34.1%
Return on assets
6.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €40k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
57 d late
2022
31 d late
2021
16 d late
2020
31 d late
2019
7 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€40k▲ 22.2%
2024 · €33k
2018: €30k
2019: €27k
2020: €21k
2021: €13k
2022: €15k
2023: €17k
2024: €33k
2018 → 2025
Total assets
€118k▼ 20.2%
2024 · €148k
2018: €56k
2019: €38k
2020: €104k
2021: €100k
2022: €96k
2023: €179k
2024: €148k
2018 → 2025
Net result
€7k▼ 53.6%
2024 · €16k
2018: €24k
2019: €-6k
2020: €-12k
2021: €4k
2022: €3k
2023: €2k
2024: €16k
2018 → 2025
Working capital
€40k▲ 23.0%
2024 · €32k
2018: €30k
2019: €21k
2020: €9k
2021: €13k
2022: €15k
2023: €17k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€15k▲ 21.5%€17k▲ 11.1%€33k▲ 91.5%€40k▲ 22.2%
Operating result€4k-€4k▲ 5.9%€3k▼ 18.2%€17k▲ 454%€10k▼ 44.1%
Net result€4k-€3k▼ 21.7%€2k▼ 37.5%€16k▲ 818%€7k▼ 53.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€327▼ 34.0%
Current assets
€118k▼ 20.2%
Equity and liabilities €118k
Equity
€40k▲ 22.2%
Debt
€78k▼ 32.4%
The debt ratio falls from 77.8% to 65.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €17k
Cash flow
€7k▼
2024 · €16k
Solvency
34.1%▲
2024 · 22.2%
Current ratio
1.51▲
2024 · 1.28
Quick ratio
1.51▲
2024 · 1.28
Debt / equity
1.93▼
2024 · 3.50
ROE
18.2%▼
2024 · 47.8%
ROA
6.2%▼
2024 · 10.6%
Interest coverage
13.67▲
2024 · 11.99
Debt
€78k▼
2024 · €115k
Debt ≤ 1 year
€78k▼
2024 · €115k
Income taxes
€2k
Staff costs
€127k▼
2024 · €135k
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€148k€118k▼
Fixed assets21/28€496€327▼
Tangible fixed assets22/27€384€216▼
Furniture and vehicles24€384€216▼
Financial fixed assets28€112€112=
Current assets29/58€147k€118k▼
Amounts receivable within one year40/41€110k€106k▼
Trade receivables40€110k€106k▼
Cash at bank and in hand54/58€33k€9k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€148k€118k▼
Equity10/15€33k€40k▲
Contributions10/11€19k€19k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€2k€10k▲
Amounts payable17/49€115k€78k▼
Amounts payable within one year42/48€115k€78k▼
Trade debts44€98k€58k▼
Suppliers440/4€98k€58k▼
Taxes, remuneration and social security45€17k€20k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€12k€12k▼
Other amounts payable47/48€399€399=
Income statement
Code20242025
Remuneration, social security and pensions62€135k€127k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169€169=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€154k€138k▼
Operating profit (loss)9901€17k€10k▼
Financial income75/76B€0€205▲
Recurring financial income75€0€205▲
Financial charges65/66B€1k€714▼
Recurring financial charges65€1k€714▼
Profit (loss) for the period before taxes9903€16k€9k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€16k€7k▼
Profit (loss) for the period to be appropriated9905€16k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€10k▲
Profit (loss) brought forward from the previous period14P€-13k€2k▲
Social balance
Average headcount (FTE)90872.32.1▼
The notes to these accounts (11 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zelzate · 1 establishment unit since 2001
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.
Poelstraat 59060 ZelzateGround area
2,269 m²
Building footprint
377 m²
Volume, LiDAR
2,184 m³
Parcel 43018A0266/00A000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Poelstraat 5, 9060 Zelzate
since 20012.116.204.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43018A0266/00A000 | Flanders | 2,268 m² | 1 · 377 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 773 EUR awarded · 773 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 359 EUR | 359 EUR |
| 2024 | 1 | 414 EUR | 414 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 5,833 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2001
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.