Vertuwo
ActiveSummary
Vertuwo has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107k and a net result of €248k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency37▼-63
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 24.18 in 2023; short-term debt: 87.9% and cash: 2.5% of total assets), and 87.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8095 sector peers (2024).
NBB · sector comparisonPosition among 8095 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
56 d early
2022
27 d early
2021
48 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€107k▼ 82.4%
2023 · €609k
2021: €203k
2022: €392k▲ +92.9% vs 2021
2023: €609k▲ +55.4% vs 2022highest in 4 years
2024: €107k▼ -82.4% vs 2023lowest in 4 years
2021 → 2024
Total assets
€882k▲ 38.9%
2023 · €635k
2021: €251klowest in 4 years
2022: €415k▲ +65.0% vs 2021
2023: €635k▲ +53.2% vs 2022
2024: €882k▲ +38.9% vs 2023highest in 4 years
2021 → 2024
Net result
€248k▲ 14.4%
2023 · €217k
2021: €200k
2022: €189k▼ -5.7% vs 2021lowest in 4 years
2023: €217k▲ +14.9% vs 2022
2024: €248k▲ +14.4% vs 2023highest in 4 years
2021 → 2024
Working capital
€107k▼ 82.4%
2023 · €609k
2021: €203k
2022: €392k▲ +92.9% vs 2021
2023: €609k▲ +55.4% vs 2022highest in 4 years
2024: €107k▼ -82.4% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€203k-€392k▲ 92.9%€609k▲ 55.4%€107k▼ 82.4%
2021: €203k
2022: €392k▲ +92.9% vs 2021
2023: €609k▲ +55.4% vs 2022highest in 4 years
2024: €107k▼ -82.4% vs 2023lowest in 4 years
Operating result€260k-€246k▼ 5.7%€275k▲ 11.9%€307k▲ 11.7%
2021: €260k
2022: €246k▼ -5.7% vs 2021lowest in 4 years
2023: €275k▲ +11.9% vs 2022
2024: €307k▲ +11.7% vs 2023highest in 4 years
Net result€200k-€189k▼ 5.7%€217k▲ 14.9%€248k▲ 14.4%
2021: €200k
2022: €189k▼ -5.7% vs 2021lowest in 4 years
2023: €217k▲ +14.9% vs 2022
2024: €248k▲ +14.4% vs 2023highest in 4 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 12% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €882k
Fixed assets
€1 ▼ 98.1%
Current assets
€882k ▲ 38.9%
Equity and liabilities €882k
Equity
€107k ▼ 82.4%
Debt
€775k ▲ 2,851%
Debt's share of the balance-sheet total rises from 4.1% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€307k▲
2023 · €275k
Cash flow
€248k▲
2023 · €217k
Current ratio
1.14▼
2023 · 24.18
Debt to equity
7.25▲
2023 · 0.04
ROE
232.0%▲
2023 · 35.6%
ROA
28.1%▼
2023 · 34.2%
Interest coverage
9791.99▲
2023 · 8977.66
Debt ≤ 1 year
€775k▲
2023 · €26k
Income taxes
€76k▲
2023 · €66k
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€635k€882k▲
Fixed assets21/28€64€1▼
Tangible fixed assets22/27€64€1▼
Furniture and vehicles24€64€1▼
Current assets29/58€635k€882k▲
Amounts receivable within one year40/41€33k€36k▲
Trade receivables40€33k€36k▲
Current investments50/53€546k€823k▲
Cash at bank and in hand54/58€55k€22k▼
Deferred charges and accrued income490/1€669€678▲
Equity and liabilities
Total equity and liabilities10/49€635k€882k▲
Equity10/15€609k€107k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€606k€104k▼
Amounts payable17/49€26k€775k▲
Amounts payable within one year42/48€26k€775k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€21k€22k▲
Taxes450/3€21k€22k▲
Other amounts payable47/48-€750k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63€63=
Other operating charges640/8€516€568▲
Gross operating margin9900€275k€308k▲
Operating profit (loss)9901€275k€307k▲
Financial income75/76B€8k€18k▲
Recurring financial income75€8k€18k▲
Financial charges65/66B€31€31▲
Recurring financial charges65€31€31▲
Profit (loss) for the period before taxes9903€283k€324k▲
Income taxes67/77€66k€76k▲
Profit (loss) for the period9904€217k€248k▲
Profit (loss) for the period to be appropriated9905€217k€248k▲
Appropriation of the result
Profit (loss) to be appropriated9906€606k€854k▲
Profit (loss) brought forward from the previous period14P€389k€606k▲
Profit to be distributed694/7-€750k
Return on contributions (dividend)694-€750k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €62 | €63 | €63 | = |
| Other operating charges640/8 | €348 | €348 | €516 | €568 | ▲ 10.0% |
| Gross operating margin9900 | €261k | €246k | €275k | €308k | ▲ 11.7% |
| Operating profit (loss)9901 | €260k | €246k | €275k | €307k | ▲ 11.7% |
| Financial income75/76B | - | - | €8k | €18k | ▲ 107% |
| Recurring financial income75 | - | - | €8k | €18k | ▲ 107% |
| Financial charges65/66B | - | €30 | €31 | €31 | ▲ 2.5% |
| Recurring financial charges65 | - | €30 | €31 | €31 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €260k | €245k | €283k | €324k | ▲ 14.6% |
| Income taxes67/77 | €60k | €57k | €66k | €76k | ▲ 15.4% |
| Profit (loss) for the period9904 | €200k | €189k | €217k | €248k | ▲ 14.4% |
| Profit (loss) for the period to be appropriated9905 | €200k | €189k | €217k | €248k | ▲ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €251k | €415k | €635k | €882k | ▲ 38.9% |
| Fixed assets21/28 | - | €127 | €64 | €1 | ▼ 98.1% |
| Tangible fixed assets22/27 | - | €127 | €64 | €1 | ▼ 98.1% |
| Furniture and vehicles24 | - | €127 | €64 | €1 | ▼ 98.1% |
| Current assets29/58 | €251k | €414k | €635k | €882k | ▲ 38.9% |
| Amounts receivable within one year40/41 | €625 | €30k | €33k | €36k | ▲ 9.1% |
| Trade receivables40 | - | €30k | €33k | €36k | ▲ 9.1% |
| Other amounts receivable41 | €625 | - | - | - | - |
| Current investments50/53 | - | €290k | €546k | €823k | ▲ 50.8% |
| Cash at bank and in hand54/58 | €250k | €94k | €55k | €22k | ▼ 60.5% |
| Deferred charges and accrued income490/1 | €649 | €659 | €669 | €678 | ▲ 1.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €251k | €415k | €635k | €882k | ▲ 38.9% |
| Equity10/15 | €203k | €392k | €609k | €107k | ▼ 82.4% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €200k | €389k | €606k | €104k | ▼ 82.8% |
| Amounts payable17/49 | €48k | €23k | €26k | €775k | ▲ 2,851% |
| Amounts payable within one year42/48 | €48k | €23k | €26k | €775k | ▲ 2,851% |
| Trade debts44 | €3k | €5k | €5k | €3k | ▼ 42.4% |
| Suppliers440/4 | €3k | €5k | €5k | €3k | ▼ 42.4% |
| Taxes, remuneration and social security45 | €45k | €17k | €21k | €22k | ▲ 4.9% |
| Taxes450/3 | €45k | €17k | €21k | €22k | ▲ 4.9% |
| Other amounts payable47/48 | - | - | - | €750k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200k | €189k | €217k | €248k | ▲ 14.4% |
| + Depreciation and write-downs630 | - | €62 | €63 | €63 | = |
| Operating cash flow (approximation) | €200k | €189k | €217k | €248k | ▲ 14.4% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €-156k | €-38k | €-33k | ▲ 12.9% |
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
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €248k ▲14.4%
Operating result €307k, net result €248k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €609k ▲55.4%
3 profitable years in a row build equity to €609k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €189k ▼5.7%
Net result drops to €189k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 18.31
Current ratio from 5.22 to 18.31; short-term debt falls from €48k to €23k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
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, Kaprijke · 1 establishment unit since 2021
Ground area
1,848 m²
Building footprint
235 m²
Volume, LiDAR
1,397 m³
Parcel 43009B1230/00D000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vertuwo
since 20212.319.879.021
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43009B1230/00D000 | Flanders | 1,848 m² | 1 · 235 m² | 8.7 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,712 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
Founded14-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.