VERVAEKE
ActiveVERVAEKE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €-676. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 19906 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
20
/ 100
Critical▼ -18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-11
Solvency13=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.62 in 2023), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
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 2024Solvency, return and age of the figures
Solvency
16.7%
Return on assets
-0.1%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 19906 sector peers (2024).
NBB · sector comparisonPosition among 19906 sector peers
Solvency
better than 14%
← 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 19-05-2025, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
73 d early
2023
21 d late
2022
103 d early
2021
111 d early
2020
114 d early
2019
106 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€98k▼ 0.7%
2023 · €98k
2018: €188k
2019: €171k
2020: €176k
2021: €173k
2022: €103k
2023: €98k
2018 → 2024
Total assets
€585k▼ 8.3%
2023 · €638k
2018: €741k
2019: €735k
2020: €693k
2021: €662k
2022: €776k
2023: €638k
2018 → 2024
Net result
€-676
2023 · €2k
2018: €-20k
2019: €8k
2020: €6k
2021: €-3k
2022: €11k
2023: €2k
2018 → 2024
Working capital
€-185k▼ 16.3%
2023 · €-159k
2018: €-378k
2019: €-329k
2020: €-266k
2021: €-42k
2022: €-102k
2023: €-159k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€176k-€173k▼ 1.7%€103k▼ 40.3%€98k▼ 4.9%€98k▼ 0.7%
Operating result€31k-€27k▼ 12.3%€36k▲ 29.9%€34k▼ 4.4%€36k▲ 5.1%
Net result€6k-€-3k€11k€2k▼ 79.8%€-676
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 2024; 2024 is 5% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €585k
Fixed assets
€329k▼ 12.3%
Current assets
€255k▼ 2.5%
Equity and liabilities €585k
Equity
€98k▼ 0.7%
Debt
€487k▼ 9.7%
The debt ratio falls from 84.6% to 83.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€109k▼
2023 · €112k
Cash flow
€72k▼
2023 · €80k
Solvency
16.7%▲
2023 · 15.4%
Current ratio
0.58▼
2023 · 0.62
Quick ratio
0.58▼
2023 · 0.62
Debt / equity
4.99▼
2023 · 5.48
ROE
-0.7%▼
2023 · 2.2%
ROA
-0.1%▼
2023 · 0.3%
Interest coverage
3.83▼
2023 · 4.68
Debt
€487k▼
2023 · €539k
Debt ≤ 1 year
€441k▲
2023 · €421k
Debt > 1 year
€46k▼
2023 · €118k
Income taxes
€8k▲
2023 · €8k
Staff costs
€121k▲
2023 · €99k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€638k€585k▼
Fixed assets21/28€376k€329k▼
Tangible fixed assets22/27€376k€329k▼
Land and buildings22€305k€275k▼
Plant, machinery and equipment23€457€5k▲
Furniture and vehicles24€53k€36k▼
Other tangible fixed assets26€17k€13k▼
Current assets29/58€262k€255k▼
Amounts receivable within one year40/41€30k€34k▲
Trade receivables40€24k€23k▼
Other amounts receivable41€6k€11k▲
Cash at bank and in hand54/58€226k€215k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€638k€585k▼
Equity10/15€98k€98k▼
Contributions10/11€19k€19k=
Reserves13€80k€79k▼
Distributable reserves133€80k€79k▼
Amounts payable17/49€539k€487k▼
Amounts payable after more than one year17€118k€46k▼
Financial debts170/4€118k€46k▼
Amounts payable within one year42/48€421k€441k▲
Current portion of amounts payable after more than one year42€70k€72k▲
Trade debts44€7k€406▼
Suppliers440/4€7k€406▼
Taxes, remuneration and social security45€29k€30k▲
Taxes450/3€8k€10k▲
Remuneration and social security454/9€20k€20k▼
Other amounts payable47/48€315k€339k▲
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€99k€121k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€73k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€216k€234k▲
Operating profit (loss)9901€34k€36k▲
Financial charges65/66B€24k€28k▲
Recurring financial charges65€24k€28k▲
Profit (loss) for the period before taxes9903€10k€8k▼
Income taxes67/77€8k€8k▲
Profit (loss) for the period9904€2k€-676▼
Profit (loss) for the period to be appropriated9905€2k€-676▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-676▼
Transfer from equity791/2€7k€676▼
Transfer to equity691/2€2k-
To other reserves6921€2k-
Profit to be distributed694/7€7k-
Return on contributions (dividend)694€7k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Veurne · 1 establishment unit since 1989
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.
Palinghoekstraat 98630 VeurneGround area
594 m²
Building footprint
218 m²
Volume, LiDAR
693 m³
Parcel 38009B0196/00K000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VERVAEKE BVBA
since 19892.042.333.713
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38009B0196/00K000 | Flanders | 594 m² | 1 · 218 m² | 8.2 m · 1 fl. |
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.
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DI MAMPI
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Of 10,459 companies in sector 86995 we hold annual accounts for 883. 693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-1989
Fiscal year end31-12
Activities, NACEBEL
86909Human health activities
86995Nutrition and dietetics services
55100Hotels and similar accommodation
85146
93022
93127Equestrian clubs
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.