VERTRONICS
ActiveSummary
The computed 12-month bankruptcy probability of VERTRONICS is 1.8% (moderate). The 2025 annual accounts show negative equity (-€332,643) and a net result of €206,462. Equity is shrinking by about 48% per year across the filed financial years. Its solvency ranks better than 5% of 2,421 sector peers (NACE 43, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 8.4 FTE
- Equity
- -€332,643
- Profit
- €206,462
Why 54raises riskNegative equity -€332,643Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.87, cash €29,017lowers riskProfit of €206,462 (financial year 2025)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 6% on solvency, 3% on liquidity, 41% on profitability and 79% on growth.
The bankruptcy probability was computed on 20-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 56 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Capital & shares · Amendment of…Declaration · Capital increase ·…
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €206,462
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €257,108 after a loss of €65,111 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,795 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €0.04m | - | €0.2m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.0m | €0.8m | €0.8m | €0.6m | ▼ 24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.06m | €0.04m | €0.03m | €0.03m | €0.008m | €0.007m | €0.006m | ▼ 17.7% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.008m | €0.03m | €0.004m | €0.006m | ▲ 38.0% |
| Non-recurring operating charges66A | - | - | - | - | €0.03m | €0.2m | - | - | - |
| Gross operating margin9900 | €1.2m | €1.4m | €1.3m | €1.0m | €1.1m | €1.0m | €0.7m | €0.9m | ▲ 18.4% |
| Operating profit (loss)9901 | €0.04m | €0.05m | €0.1m | -€0.1m | €0.006m | -€0.09m | -€0.07m | €0.3m | - |
| Financial income75/76B | - | - | - | €0.02m | €412 | €0.003m | €0.006m | €0.002m | ▼ 59.3% |
| Recurring financial income75 | €0.005m | - | - | €0.02m | €412 | €5 | €0.006m | €0.002m | ▼ 59.3% |
| Non-recurring financial income76B | - | - | - | €0.02m | €412 | €0.003m | €0.006m | €0.002m | ▼ 59.3% |
| Financial charges65/66B | - | - | - | €0.2m | €0.09m | €0.2m | €0.07m | €0.05m | ▼ 27.4% |
| Recurring financial charges65 | €0.1m | €0.2m | €0.2m | €0.2m | €0.09m | €0.08m | €0.07m | €0.05m | ▼ 26.5% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.09m | €0.001m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.1m | -€0.05m | -€0.3m | -€0.08m | -€0.3m | -€0.1m | €0.2m | - |
| Income taxes67/77 | €0.001m | €437 | €426 | €412 | -€437 | €202 | €274 | €279 | ▲ 2.1% |
| Profit (loss) for the period9904 | -€0.1m | -€0.1m | -€0.05m | -€0.3m | -€0.08m | -€0.3m | -€0.1m | €0.2m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | -€0.1m | -€0.05m | -€0.3m | -€0.08m | -€0.3m | -€0.1m | €0.2m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.8m | €3.7m | €3.6m | €2.4m | €2.2m | €2.3m | €2.0m | €2.3m | ▲ 11.9% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.1m | €0.08m | €0.04m | €0.03m | €0.02m | €0.02m | ▼ 15.3% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.08m | €0.06m | €0.03m | €0.01m | €0.01m | €0.009m | ▼ 21.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | - | €0.003m | €0.005m | ▲ 39.8% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.01m | €0.01m | €0.006m | €0.004m | ▼ 28.2% |
| Leasing and similar rights25 | - | - | - | €0.04m | €0.01m | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €0.004m | €0.003m | €0.002m | - | - |
| Financial fixed assets28 | €0.05m | €0.05m | €0.04m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 8.6% |
| Current assets29/58 | €3.6m | €3.5m | €3.4m | €2.3m | €2.2m | €2.2m | €2.0m | €2.3m | ▲ 12.2% |
| Stocks and contracts in progress3 | €0.08m | €0.2m | €0.06m | €0.1m | €0.1m | €0.1m | €0.06m | €0.1m | ▲ 94.6% |
| Stocks30/36 | - | - | - | €0.07m | €0.07m | €0.1m | €0.06m | €0.08m | ▲ 16.7% |
| Contracts in progress37 | - | - | - | €0.06m | €0.03m | - | - | €0.05m | - |
| Amounts receivable within one year40/41 | €3.2m | €3.1m | €3.3m | €2.2m | €2.1m | €2.1m | €1.9m | €2.1m | ▲ 8.0% |
| Trade receivables40 | - | - | - | €1.7m | €1.6m | €1.6m | €1.4m | €1.5m | ▲ 8.6% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 6.7% |
| Cash at bank and in hand54/58 | €0.02m | €33 | €0.02m | €0.003m | €0.006m | €0.02m | €0.001m | €0.03m | ▲ 3,246% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.8m | €3.7m | €3.6m | €2.4m | €2.2m | €2.3m | €2.0m | €2.3m | ▲ 11.9% |
| Equity10/15 | €0.4m | €0.2m | €0.2m | -€0.07m | -€0.2m | -€0.4m | -€0.5m | -€0.3m | ▲ 38.3% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.1m | -€0.2m | -€0.4m | -€0.5m | -€0.8m | -€0.9m | -€0.7m | ▲ 22.7% |
| Amounts payable17/49 | €3.4m | €3.4m | €3.4m | €2.4m | €2.4m | €2.7m | €2.6m | €2.6m | ▲ 1.4% |
| Amounts payable after more than one year17 | €0.7m | €0.5m | €0.4m | €0.7m | €0.6m | €0.5m | €0.5m | - | - |
| Financial debts170/4 | - | - | - | €0.7m | €0.6m | €0.5m | €0.5m | - | - |
| Amounts payable within one year42/48 | €2.7m | €2.9m | €3.0m | €1.4m | €1.8m | €2.1m | €2.1m | €2.6m | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.3m | €0.2m | €0.2m | - | - |
| Financial debts43 | - | - | - | €0.06m | €0.09m | €0.07m | €0.07m | - | - |
| Credit institutions430/8 | - | - | - | €0.06m | €0.09m | €0.07m | €0.07m | - | - |
| Trade debts44 | €1.4m | €1.4m | €1.2m | €0.7m | €0.6m | €0.4m | €0.2m | €0.3m | ▲ 16.3% |
| Suppliers440/4 | - | - | - | €0.7m | €0.6m | €0.4m | €0.2m | €0.3m | ▲ 16.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.6m | €0.9m | €0.8m | €0.2m | ▼ 80.7% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.08m | €0.1m | €0.01m | ▼ 89.1% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.6m | €0.9m | €0.7m | €0.1m | ▼ 79.3% |
| Other amounts payable47/48 | - | - | - | - | €0.3m | €0.5m | €0.7m | €2.2m | ▲ 212% |
| Accrued charges and deferred income492/3 | - | - | - | €0.3m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€103,945 | -€117,307 | -€52,728 | -€251,099 | -€83,390 | -€252,690 | -€132,333 | €206,462 | - |
| + Depreciation and write-downs630 | €51,376 | €56,308 | €44,757 | €34,708 | €33,551 | €7,508 | €7,052 | €5,802 | ▼ 17.7% |
| Operating cash flow (approximation) | -€52,569 | -€60,998 | -€7,971 | -€216,391 | -€49,839 | -€245,181 | -€125,281 | €212,264 | - |
| Investment in fixed assets (approximation) | - | -€6,613 | -€1,613 | €7,052 | €2,968 | €8,313 | -€2,740 | -€2,334 | ▲ 14.8% |
| Change in cash | - | -€21,283 | €16,550 | -€13,806 | €2,858 | €11,764 | -€16,531 | €28,150 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-06-2026 | 2026-00217283 |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00424547 |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00315494 |
| 31-12-2022 | abbreviated format | 28-11-2023 | 2023-00518400 |
| 31-12-2021 | abbreviated format | 30-11-2022 | 2022-20530774 |
| 31-12-2020 | abbreviated format | 27-10-2021 | 2021-74300547 |
| 31-12-2019 | abbreviated format | 09-10-2020 | 2020-61400390 |
| 31-12-2018 | abbreviated format | 10-10-2019 | 2019-69900215 |
| 31-12-2017 | abbreviated format | 02-08-2018 | 2018-43300089 |
| 31-12-2016 | abbreviated format | 22-08-2017 | 2017-46000506 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,904 awarded · €2,967 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €211 | €211 |
| 2023 | 1 | €260 | €323 |
| 2022 | 2 | €2,433 | €2,433 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- Bernard VERSTRAETEN €360,000
- Bernard VERSTRAETEN enige aandeelhouder
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-09-2026 Capital increase of €360,000 · to €515,000 · no new shares · in cash
Group and network
Connections & network
No directors read yet: 2 of 7 Gazette acts processed.
History
Acts, filings and financial milestones
29-09
Gazette deed
Capital & shares · Amendment of the articles · Resignations & appointmentsDeclaration · Capital increase · Shareholding11 facts ▸
- General meeting, 25-09-2026
- Declaration, “waiver of board and auditor report on capital increase by cash contribution, artikel 7:179, §3 WVV” (deed in Dutch)
- Capital increase, €360,000
- Shareholding, “enige aandeelhouder” (deed in Dutch)
- Capital contribution, €360,000
- Bank account, “Belfius, bijzondere rekening” (deed in Dutch)
- Declaration, “full payment of capital increase by cash contribution, volledig volgestort” (deed in Dutch)
- Declaration, “funds available at bank” (deed in Dutch)
- Capital, €515,000
- Legal-form conversion, “model met een enige bestuurder” (deed in Dutch)
- Amendment of the articles, 5
05-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 21-07-2024
- Registered-office move, Stationsstraat 180/01 te 9890 Gavere
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0436.360.339
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44003A0220/00Y000 | Flanders | 1,287 m² | 1 · 300 m² | 14.4 m · 3 |
How the parcels are linked
Articles of association
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director
- Daily managementWho may handle the everyday running of the business without the full board.
- “Artikel 14: Dagelijks bestuur De enige bestuurder kan het dagelijks bestuur opdragen aan één of meer personen, die dan de titel dragen van…” (deed in Dutch)
- Board ruleHow the board is made up, meets and takes decisions.
- “De vennootschap wordt bestuurd door een enig bestuurder, natuurlijk of rechtspersoon, al dan niet aandeelhouder van de vennootschap. De…” (deed in Dutch)“Vergoeding, 16” (deed in Dutch)