VERTUS
ActiveSummary
VERTUS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €3k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-1
Solvency68▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 1.85 in 2024; short-term debt: 37.8% and cash: 7.8% of total assets), but 56.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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 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
43.2%
Return on assets
2.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
1 d early
2023
6 d early
2022
5 d early
2021
30 d late
2020
on the day
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€49k▲ 7.0%
2024 · €46k
2018: €491lowest in 8 years
2019: €7k▲ +1403% vs 2018
2020: €27k▲ +260% vs 2019
2021: €37k▲ +39.3% vs 2020
2022: €37k● -0.0% vs 2021
2023: €44k▲ +17.6% vs 2022
2024: €46k▲ +5.7% vs 2023
2025: €49k▲ +7.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€114k▼ 25.5%
2024 · €153k
2018: €86k
2019: €55k▼ -35.5% vs 2018lowest in 8 years
2020: €87k▲ +57.8% vs 2019
2021: €111k▲ +27.5% vs 2020
2022: €135k▲ +21.5% vs 2021
2023: €91k▼ -32.9% vs 2022
2024: €153k▲ +68.6% vs 2023highest in 8 years
2025: €114k▼ -25.5% vs 2024
2018 → 2025
Net result
€3k▲ 29.3%
2024 · €2k
2018: €-6klowest in 8 years
2019: €7k▲ +222% vs 2018
2020: €19k▲ +178% vs 2019highest in 8 years
2021: €10k▼ -45.6% vs 2020
2022: €-7▼ -100% vs 2021
2023: €7k▲ +96694% vs 2022
2024: €2k▼ -62.1% vs 2023
2025: €3k▲ +29.3% vs 2024
2018 → 2025
Working capital
€61k▼ 11.4%
2024 · €69k
2018: €-11klowest in 8 years
2019: €-446▲ +96.0% vs 2018
2020: €16k▲ +3730% vs 2019
2021: €28k▲ +74.3% vs 2020
2022: €32k▲ +11.7% vs 2021
2023: €40k▲ +27.6% vs 2022
2024: €69k▲ +71.6% vs 2023highest in 8 years
2025: €61k▼ -11.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€37k=€44k▲ 17.6%€46k▲ 5.7%€49k▲ 7.0%
2021: €37k
2022: €37k● -0.0% vs 2021lowest in 5 years
2023: €44k▲ +17.6% vs 2022
2024: €46k▲ +5.7% vs 2023
2025: €49k▲ +7.0% vs 2024highest in 5 years
Operating result€15k-€663▼ 95.6%€10k▲ 1,370%€6k▼ 40.3%€7k▲ 14.2%
2021: €15khighest in 5 years
2022: €663▼ -95.6% vs 2021lowest in 5 years
2023: €10k▲ +1370% vs 2022
2024: €6k▼ -40.3% vs 2023
2025: €7k▲ +14.2% vs 2024
Net result€10k-€-7€7k€2k▼ 62.1%€3k▲ 29.3%
2021: €10khighest in 5 years
2022: €-7▼ -100% vs 2021lowest in 5 years
2023: €7k▲ +96694% vs 2022
2024: €2k▼ -62.1% vs 2023
2025: €3k▲ +29.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€10k ▲ 207%
Current assets
€104k ▼ 30.4%
Equity and liabilities €114k
Equity
€49k ▲ 7.0%
Debt
€65k ▼ 39.5%
Debt's share of the balance-sheet total falls from 70.0% to 56.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2024 · €7k
Cash flow
€5k▲
2024 · €4k
Current ratio
2.42▲
2024 · 1.85
Debt to equity
1.32▼
2024 · 2.33
ROE
6.5%▲
2024 · 5.4%
ROA
2.8%▲
2024 · 1.6%
Interest coverage
5.34▼
2024 · 5.61
Debt ≤ 1 year
€43k▼
2024 · €81k
Debt > 1 year
€22k▼
2024 · €26k
Income taxes
€3k▲
2024 · €3k
Staff costs
€101k▲
2024 · €63k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€153k€114k▼
Fixed assets21/28€3k€10k▲
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€98€7k▲
Plant, machinery and equipment23€0€3k▲
Furniture and vehicles24€98€4k▲
Financial fixed assets28€2k€2k=
Current assets29/58€150k€104k▼
Amounts receivable within one year40/41€113k€95k▼
Trade receivables40€102k€79k▼
Other amounts receivable41€11k€17k▲
Cash at bank and in hand54/58€37k€9k▼
Equity and liabilities
Total equity and liabilities10/49€153k€114k▼
Equity10/15€46k€49k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€38k€41k▲
Amounts payable17/49€107k€65k▼
Amounts payable after more than one year17€26k€22k▼
Financial debts170/4€26k€22k▼
Amounts payable within one year42/48€81k€43k▼
Current portion of amounts payable after more than one year42€5k€5k▼
Trade debts44€65k€18k▼
Suppliers440/4€65k€18k▼
Taxes, remuneration and social security45€11k€21k▲
Taxes450/3€8k€15k▲
Remuneration and social security454/9€2k€6k▲
Income statement
Code20242025
Non-recurring operating income76A€18k€2k▼
Remuneration, social security and pensions62€63k€101k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€0€503▲
Gross operating margin9900€72k€113k▲
Operating profit (loss)9901€6k€7k▲
Financial income75/76B€576€775▲
Recurring financial income75€576€775▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€41k▲
Profit (loss) brought forward from the previous period14P€35k€38k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €17k | €18k | €2k | ▼ 91.8% |
| Remuneration, social security and pensions62 | €29k | €78k | €48k | €63k | €101k | ▲ 60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €2k | €2k | €2k | ▲ 21.3% |
| Other operating charges640/8 | €1k | €1k | €1k | €2k | €3k | ▲ 54.1% |
| Non-recurring operating charges66A | - | - | €8k | €0 | €503 | - |
| Gross operating margin9900 | €50k | €83k | €69k | €72k | €113k | ▲ 56.3% |
| Operating profit (loss)9901 | €15k | €663 | €10k | €6k | €7k | ▲ 14.2% |
| Financial income75/76B | €13 | €89 | €9 | €576 | €775 | ▲ 34.7% |
| Recurring financial income75 | €13 | €89 | €9 | €576 | €775 | ▲ 34.7% |
| Financial charges65/66B | €2k | €428 | €985 | €1k | €2k | ▲ 21.7% |
| Recurring financial charges65 | €2k | €428 | €985 | €1k | €2k | ▲ 21.7% |
| Profit (loss) for the period before taxes9903 | €14k | €323 | €9k | €5k | €6k | ▲ 14.5% |
| Income taxes67/77 | €3k | €330 | €2k | €3k | €3k | ▲ 0.4% |
| Profit (loss) for the period9904 | €10k | €-7 | €7k | €2k | €3k | ▲ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-7 | €7k | €2k | €3k | ▲ 29.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111k | €135k | €91k | €153k | €114k | ▼ 25.5% |
| Fixed assets21/28 | €9k | €5k | €3k | €3k | €10k | ▲ 207% |
| Intangible fixed assets21 | €791 | €0 | €0 | €1k | €1k | ▼ 21.3% |
| Tangible fixed assets22/27 | €6k | €4k | €2k | €98 | €7k | ▲ 6,998% |
| Plant, machinery and equipment23 | €5k | €3k | €1k | €0 | €3k | - |
| Furniture and vehicles24 | €954 | €669 | €383 | €98 | €4k | ▲ 4,218% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €103k | €130k | €88k | €150k | €104k | ▼ 30.4% |
| Amounts receivable within one year40/41 | €96k | €117k | €69k | €113k | €95k | ▼ 15.6% |
| Trade receivables40 | €95k | €117k | €65k | €102k | €79k | ▼ 23.2% |
| Other amounts receivable41 | €146 | €146 | €4k | €11k | €17k | ▲ 55.7% |
| Cash at bank and in hand54/58 | €7k | €13k | €18k | €37k | €9k | ▼ 75.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111k | €135k | €91k | €153k | €114k | ▼ 25.5% |
| Equity10/15 | €37k | €37k | €44k | €46k | €49k | ▲ 7.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €29k | €29k | €35k | €38k | €41k | ▲ 8.4% |
| Amounts payable17/49 | €74k | €98k | €47k | €107k | €65k | ▼ 39.5% |
| Amounts payable after more than one year17 | - | - | - | €26k | €22k | ▼ 17.4% |
| Financial debts170/4 | - | - | - | €26k | €22k | ▼ 17.4% |
| Amounts payable within one year42/48 | €74k | €98k | €47k | €81k | €43k | ▼ 46.7% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | €5k | €5k | ▼ 2.4% |
| Trade debts44 | €53k | €69k | €35k | €65k | €18k | ▼ 73.0% |
| Suppliers440/4 | €53k | €69k | €35k | €65k | €18k | ▼ 73.0% |
| Advances received on contracts in progress46 | - | €16k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €20k | €13k | €12k | €11k | €21k | ▲ 90.5% |
| Taxes450/3 | €14k | €365 | €10k | €8k | €15k | ▲ 76.1% |
| Remuneration and social security454/9 | €5k | €12k | €3k | €2k | €6k | ▲ 139% |
| Other amounts payable47/48 | €1k | €1k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-7 | €7k | €2k | €3k | ▲ 29.3% |
| + Depreciation and write-downs630 | €4k | €3k | €2k | €2k | €2k | ▲ 21.3% |
| Operating cash flow (approximation) | €15k | €3k | €9k | €4k | €5k | ▲ 26.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €-8k | ▼ 465% |
| Change in cash | - | €5k | €6k | €18k | €-28k | ▼ 252% |
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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €19k ▲178%
Operating result €21k, net result €19k, both a record.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 26 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.
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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, Edegem · 1 establishment unit since 2010
Ground area
246 m²
Building footprint
85 m²
Volume, LiDAR
630 m³
Parcel 11472C0276/00C002, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vertus
since 20102.184.733.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0276/00C002 | Flanders | 246 m² | 1 · 85 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 · 1 entry · 162 EUR awarded · 162 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 21,213 companies in sector 81300 we hold annual accounts for 4,364. 3,607 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
Founded29-01-2010
Fiscal year end30-09
Activities, NACEBEL 2025
81300Landscape service activities
71113Urban planning and landscape architecture
Scores and ratios are computed by Checked and are not a credit decision.