Vervaecke Technics
ActiveSummary
The computed 12-month bankruptcy probability of Vervaecke Technics is 3.0% (moderate). The 2025 annual accounts show equity of €30k and a net result of €-9k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 27965 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-99
Solvency73▼-7
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.13 in 2024; short-term debt: 47.2% and cash: 53.4% of total assets), but 51.5% 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.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.5%
Return on assets
-14.8%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 d early
2024
28 d late
2023
28 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 23.4%
2024 · €40k
2023: €22klowest in 3 years
2024: €40k▲ +78.0% vs 2023highest in 3 years
2025: €30k▼ -23.4% vs 2024
2023 → 2025
Total assets
€63k▼ 13.4%
2024 · €72k
2023: €55klowest in 3 years
2024: €72k▲ +31.1% vs 2023highest in 3 years
2025: €63k▼ -13.4% vs 2024
2023 → 2025
Net result
€-9k
2024 · €17k
2023: €17k
2024: €17k▲ +0.5% vs 2023highest in 3 years
2025: €-9k▼ -153% vs 2024lowest in 3 years
2023 → 2025
Working capital
€23k▼ 37.4%
2024 · €37k
2023: €17klowest in 3 years
2024: €37k▲ +116% vs 2023highest in 3 years
2025: €23k▼ -37.4% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€22k-€40k▲ 78.0%€30k▼ 23.4%
2023: €22klowest in 3 years
2024: €40k▲ +78.0% vs 2023highest in 3 years
2025: €30k▼ -23.4% vs 2024
Operating result€24k-€27k▲ 15.9%€-6k
2023: €24k
2024: €27k▲ +15.9% vs 2023highest in 3 years
2025: €-6k▼ -123% vs 2024lowest in 3 years
Net result€17k-€17k▲ 0.5%€-9k
2023: €17k
2024: €17k▲ +0.5% vs 2023highest in 3 years
2025: €-9k▼ -153% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €27k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€10k ▲ 271%
Current assets
€53k ▼ 24.3%
Equity and liabilities €63k
Equity
€30k ▼ 23.4%
Debt
€32k ▼ 1.2%
Debt's share of the balance-sheet total rises from 45.2% to 51.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-956▼
2024 · €30k
Cash flow
€-4k▼
2024 · €20k
Current ratio
1.78▼
2024 · 2.13
Debt to equity
1.06▲
2024 · 0.82
ROE
-30.6%▼
2024 · 43.8%
ROA
-14.8%▼
2024 · 24.0%
Interest coverage
-0.34▼
2024 · 8.64
Debt ≤ 1 year
€30k▼
2024 · €33k
Income taxes
€156▼
2024 · €7k
Staff costs
€5k▲
2024 · €5k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72k€63k▼
Fixed assets21/28€3k€10k▲
Tangible fixed assets22/27€3k€10k▲
Furniture and vehicles24€3k€10k▲
Current assets29/58€70k€53k▼
Amounts receivable within one year40/41€29k€19k▼
Trade receivables40€22k€4k▼
Other amounts receivable41€7k€16k▲
Cash at bank and in hand54/58€38k€33k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€72k€63k▼
Equity10/15€40k€30k▼
Contributions10/11€5k€5k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14-€-9k
Amounts payable17/49€33k€32k▼
Amounts payable within one year42/48€33k€30k▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€629€544▼
Taxes450/3€629€544▼
Other amounts payable47/48€25k€27k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€5k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€664€1k▲
Gross operating margin9900€35k€5k▼
Operating profit (loss)9901€27k€-6k▼
Financial income75/76B€865€0▼
Recurring financial income75€865€0▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€25k€-9k▼
Income taxes67/77€7k€156▼
Profit (loss) for the period9904€17k€-9k▼
Profit (loss) for the period to be appropriated9905€17k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-9k▼
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2k | €5k | €5k | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €5k | ▲ 115% |
| Other operating charges640/8 | €286 | €664 | €1k | ▲ 64.8% |
| Gross operating margin9900 | €28k | €35k | €5k | ▼ 84.4% |
| Operating profit (loss)9901 | €24k | €27k | €-6k | ▼ 123% |
| Financial income75/76B | €1k | €865 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1k | €865 | €0 | ▼ 100.0% |
| Financial charges65/66B | €353 | €3k | €3k | ▼ 18.4% |
| Recurring financial charges65 | €353 | €3k | €3k | ▼ 18.4% |
| Profit (loss) for the period before taxes9903 | €24k | €25k | €-9k | ▼ 137% |
| Income taxes67/77 | €7k | €7k | €156 | ▼ 97.9% |
| Profit (loss) for the period9904 | €17k | €17k | €-9k | ▼ 153% |
| Profit (loss) for the period to be appropriated9905 | €17k | €17k | €-9k | ▼ 153% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €55k | €72k | €63k | ▼ 13.4% |
| Fixed assets21/28 | €5k | €3k | €10k | ▲ 271% |
| Tangible fixed assets22/27 | €5k | €3k | €10k | ▲ 271% |
| Furniture and vehicles24 | €5k | €3k | €10k | ▲ 271% |
| Current assets29/58 | €50k | €70k | €53k | ▼ 24.3% |
| Amounts receivable within one year40/41 | €17k | €29k | €19k | ▼ 33.9% |
| Trade receivables40 | €16k | €22k | €4k | ▼ 83.3% |
| Other amounts receivable41 | €1k | €7k | €16k | ▲ 124% |
| Cash at bank and in hand54/58 | €32k | €38k | €33k | ▼ 12.7% |
| Deferred charges and accrued income490/1 | €983 | €2k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €55k | €72k | €63k | ▼ 13.4% |
| Equity10/15 | €22k | €40k | €30k | ▼ 23.4% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | €17k | €35k | €35k | = |
| Distributable reserves133 | €17k | €35k | €35k | = |
| Profit (loss) carried forward14 | - | - | €-9k | - |
| Amounts payable17/49 | €33k | €33k | €32k | ▼ 1.2% |
| Amounts payable within one year42/48 | €33k | €33k | €30k | ▼ 9.5% |
| Trade debts44 | €3k | €7k | €2k | ▼ 73.8% |
| Suppliers440/4 | €3k | €7k | €2k | ▼ 73.8% |
| Taxes, remuneration and social security45 | €3k | €629 | €544 | ▼ 13.5% |
| Taxes450/3 | €0 | €629 | €544 | ▼ 13.5% |
| Remuneration and social security454/9 | €3k | - | - | - |
| Other amounts payable47/48 | €28k | €25k | €27k | ▲ 7.9% |
| Accrued charges and deferred income492/3 | - | - | €3k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €17k | €-9k | ▼ 153% |
| + Depreciation and write-downs630 | €2k | €2k | €5k | ▲ 115% |
| Operating cash flow (approximation) | €20k | €20k | €-4k | ▼ 120% |
| Investment in fixed assets (approximation) | - | €0 | €-13k | - |
| Change in cash | - | €7k | €-5k | ▼ 173% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2023net €17k ▲0.5%
Operating result €27k, net result €17k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
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, Wevelgem · 1 establishment unit since 2023
Ground area
303 m²
Building footprint
98 m²
Volume, LiDAR
616 m³
Parcel 34302B0408/00V000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vervaecke Technics
since 20232.339.720.172
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0408/00V000 | Flanders | 303 m² | 1 · 98 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 243 EUR awarded · 196 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 243 EUR | 196 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,976 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
Founded28-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
25401Forging of metal
28250Manufacture of machinery and equipment not elsewhere classified
43221Plumbing work
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.