VERTUS DEVELOPMENT
ActiveSummary
VERTUS DEVELOPMENT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €570k and a net result of €72k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+22
Solvency70▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.78 in 2024; short-term debt: 35.7% and cash: 1.1% of total assets), and 55% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
45%
Return on assets
5.7%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
23 d early
2023
29 d late
2022
23 d late
2021
30 d late
2020
86 d late
2019
49 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
24-09-2026 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
€72k▲ 189%
2024 · €25k
2018: €-14k
2019: €66k
2020: €26k
2021: €55k
2022: €23k
2023: €123
2024: €25k
2018 → 2025
Working capital
€-128k▼ 60.6%
2024 · €-80k
2018: €-193k
2019: €-196k
2020: €-184k
2021: €-200k
2022: €-129k
2023: €-87k
2024: €-80k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€552k-€575k▲ 4.1%€575k=€600k▲ 4.4%€570k▼ 5.0%
Operating result€99k-€46k▼ 53.3%€33k▼ 27.9%€61k▲ 85.0%€119k▲ 93.8%
Net result€55k-€23k▼ 58.8%€123▼ 99.5%€25k▲ 20,302%€72k▲ 189%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 94% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€942k ▲ 6.8%
Current assets
€323k ▲ 12.6%
Equity and liabilities €1.27M
Equity
€570k ▼ 5.0%
Debt
€695k ▲ 22.1%
Debt's share of the balance-sheet total rises from 48.7% to 55.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€149k▲
2024 · €85k
Cash flow
€102k▲
2024 · €48k
Current ratio
0.72▼
2024 · 0.78
Debt to equity
1.22▲
2024 · 0.95
ROE
12.7%▲
2024 · 4.2%
ROA
5.7%▲
2024 · 2.1%
Interest coverage
8.56▲
2024 · 3.90
Debt ≤ 1 year
€451k▲
2024 · €367k
Debt > 1 year
€234k▲
2024 · €203k
Income taxes
€31k▲
2024 · €15k
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€1.17M€1.27M▲
Fixed assets21/28€882k€942k▲
Tangible fixed assets22/27€535k€595k▲
Land and buildings22€530k€509k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€4k€85k▲
Financial fixed assets28€347k€347k=
Current assets29/58€287k€323k▲
Amounts receivable after more than one year29€42k€33k▼
Other amounts receivable291€42k€33k▼
Amounts receivable within one year40/41€181k€195k▲
Trade receivables40€73k€48k▼
Other amounts receivable41€108k€147k▲
Current investments50/53€8k€80k▲
Cash at bank and in hand54/58€55k€14k▼
Deferred charges and accrued income490/1€1k€713▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.27M▲
Equity10/15€600k€570k▼
Contributions10/11€353k€353k=
Reserves13€246k€217k▼
Tax-exempt reserves132€5k€5k=
Distributable reserves133€241k€212k▼
Amounts payable17/49€569k€695k▲
Amounts payable after more than one year17€203k€234k▲
Financial debts170/4€203k€234k▲
Amounts payable within one year42/48€367k€451k▲
Current portion of amounts payable after more than one year42€38k€52k▲
Financial debts43€150k€135k▼
Credit institutions430/8€150k€135k▼
Trade debts44€111k€91k▼
Suppliers440/4€111k€91k▼
Taxes, remuneration and social security45€7k€35k▲
Taxes450/3€7k€35k▲
Other amounts payable47/48€61k€138k▲
Accrued charges and deferred income492/3-€10k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€30k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€90k€154k▲
Operating profit (loss)9901€61k€119k▲
Financial income75/76B€474€2k▲
Recurring financial income75€474€2k▲
Financial charges65/66B€22k€17k▼
Recurring financial charges65€22k€17k▼
Profit (loss) for the period before taxes9903€40k€103k▲
Income taxes67/77€15k€31k▲
Profit (loss) for the period9904€25k€72k▲
Profit (loss) for the period to be appropriated9905€25k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€72k▲
Transfer from equity791/2-€102k
Transfer to equity691/2€25k€72k▲
To other reserves6921€25k€72k▲
Profit to be distributed694/7-€102k
Return on contributions (dividend)694-€102k
The notes to these accounts (13 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €72k ▲189%
Operating result €119k, net result €72k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Equity above €500kEq €552k ▲11%
3 profitable years in a row build equity to €552k.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Antoing · 1 establishment unit since 2013
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.
Rue du Petit Pavé 167641 AntoingGround area
483 m²
Building footprint
74 m²
Parcel 57014A0270/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VERTUS DEVELOPMENT
since 20132.233.323.446
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57014A0270/00K000 | Wallonia | 483 m² | 1 · 74 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400T6E3CCPU310V82
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Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 3,970 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:dlepez@groupe-vertus.com
Phone:+33603069700