VERVAEKE BELAVI
ActiveVERVAEKE BELAVI has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.55M and a net result of €4.85M. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+3
Solvency82▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1M at 30 days acceptable
Liquidity ample (current ratio 2.47 against 1.75 in 2024; short-term debt: 30.8% and cash: 3.1% of total assets), and 43% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
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
57%
Return on assets
22%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
28 d late
2023
31 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4.85M▲ 49.3%
2024 · €3.25M
2023: €318k
2024: €3.25M
2023 → 2025
Working capital
€9.99M▲ 101%
2024 · €4.97M
2023: €5.08M
2024: €4.97M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€7.44M-€7.70M▲ 3.4%€12.55M▲ 63.1%
Operating result€457k-€4.34M▲ 850%€6.54M▲ 50.6%
Net result€318k-€3.25M▲ 924%€4.85M▲ 49.3%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.03M
Fixed assets
€5.26M▼ 4.5%
Current assets
€16.78M▲ 44.4%
Equity and liabilities €22.03M
Equity
€12.55M▲ 63.1%
Debt
€9.48M▲ 0.6%
The debt ratio falls from 55.0% to 43.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7.17M▲
2024 · €4.91M
Cash flow
€5.48M▲
2024 · €3.82M
Solvency
57.0%▲
2024 · 45.0%
Current ratio
2.47▲
2024 · 1.75
Quick ratio
1.96▲
2024 · 1.32
Debt / equity
0.76▼
2024 · 1.22
ROE
38.7%▼
2024 · 42.3%
ROA
22.0%▲
2024 · 19.0%
Interest coverage
193.61▲
2024 · 140.87
Debt
€9.48M▲
2024 · €9.42M
Debt ≤ 1 year
€6.79M▲
2024 · €6.65M
Debt > 1 year
€2.65M▼
2024 · €2.74M
Income taxes
€1.66M▲
2024 · €1.08M
Staff costs
€1.88M▲
2024 · €1.78M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17.12M€22.03M▲
Fixed assets21/28€5.50M€5.26M▼
Intangible fixed assets21€38k€22k▼
Tangible fixed assets22/27€5.45M€5.22M▼
Land and buildings22€1.50M€1.40M▼
Plant, machinery and equipment23€3.44M€3.31M▼
Furniture and vehicles24€514k€508k▼
Financial fixed assets28€10k€15k▲
Current assets29/58€11.62M€16.78M▲
Stocks and contracts in progress3€2.83M€3.50M▲
Stocks30/36€2.83M€3.50M▲
Amounts receivable within one year40/41€8.26M€12.27M▲
Trade receivables40€7.45M€5.96M▼
Other amounts receivable41€813k€6.31M▲
Cash at bank and in hand54/58€369k€682k▲
Deferred charges and accrued income490/1€156k€318k▲
Equity and liabilities
Total equity and liabilities10/49€17.12M€22.03M▲
Equity10/15€7.70M€12.55M▲
Contributions10/11€1.51M€1.51M=
Capital10€1.51M€1.51M=
Issued capital100€1.51M€1.51M=
Reserves13€756k€446k▼
Non-distributable reserves130/1€151k€151k=
Legal reserve130€151k€151k=
Tax-exempt reserves132€605k€295k▼
Profit (loss) carried forward14€5.42M€10.59M▲
Amounts payable17/49€9.42M€9.48M▲
Amounts payable after more than one year17€2.74M€2.65M▼
Financial debts170/4€2.74M€2.65M▼
Amounts payable within one year42/48€6.65M€6.79M▲
Current portion of amounts payable after more than one year42€347k€445k▲
Trade debts44€5.77M€5.24M▼
Suppliers440/4€5.77M€5.24M▼
Taxes, remuneration and social security45€536k€1.10M▲
Taxes450/3€354k€911k▲
Remuneration and social security454/9€182k€191k▲
Accrued charges and deferred income492/3€39k€44k▲
Income statement
Code20242025
Non-recurring operating income76A€64k-
Remuneration, social security and pensions62€1.78M€1.88M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€570k€629k▲
Other operating charges640/8€101k€89k▼
Non-recurring operating charges66A€9k€10k▲
Gross operating margin9900€6.80M€9.15M▲
Operating profit (loss)9901€4.34M€6.54M▲
Financial income75/76B€26k€9k▼
Recurring financial income75€26k€9k▼
Financial charges65/66B€35k€37k▲
Recurring financial charges65€35k€37k▲
Profit (loss) for the period before taxes9903€4.33M€6.51M▲
Income taxes67/77€1.08M€1.66M▲
Profit (loss) for the period9904€3.25M€4.85M▲
Transfer from tax-exempt reserves789-€310k
Profit (loss) for the period to be appropriated9905€3.25M€5.16M▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.42M€10.59M▲
Profit (loss) brought forward from the previous period14P€5.17M€5.42M▲
Profit to be distributed694/7€3.00M-
Return on contributions (dividend)694€3.00M-
Social balance
Average headcount (FTE)908724.124.8▲
The notes to these accounts (16 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2023net €4.85M ▲49.3%
Operating result €6.54M, net result €4.85M, both a record.
31-12
Financial
Equity above €10MEq €12.55M ▲63.1%
3 profitable years in a row build equity to €12.55M.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-12-2023
Resigned as Director
Location & real-estate footprint
Registered office, Tielt · 2 establishment units since 2021
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.
Oude Kapellestraat 658700 TieltGround area
1.5 ha
Building footprint
5,789 m²
Volume, LiDAR
21,072 m³
2 parcels, Flanders, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue du Chant du Coq 1, 4217 Héron
since 20212.311.907.601
Vervaeke Belavi
since 20232.348.735.828
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302D1511/00N002 | Flanders | 1.4 ha | 1 · 5,644 m² | 6.9 m · 2 fl. |
| 61028F0231/00M000 | Wallonia | 1,257 m² | 1 · 144 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesTielt2.348.735.828
Héron2.311.907.601
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DE KROON - DESTROOPER
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Of 608 companies in sector 01471 we hold annual accounts for 216. 66 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-08-2023
Fiscal year end31-12
Activities, NACEBEL
01471Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.