Vervaeke Helmuth
ActiveVervaeke Helmuth has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-66k) and a net result of €-53k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-52
Solvency19▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.23 in 2024; short-term debt: 106.1% and cash: 0.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
-6.1%
Return on assets
-4.9%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-66k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
30 d late
2022
30 d late
2021
19 d late
2020
24 d late
2019
28 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-66k▼ 418%
2024 · €-13k
2018: €-4k
2019: €-2k
2020: €19k
2021: €19k
2022: €12k
2023: €20k
2024: €-13k
2018 → 2025
Total assets
€1.08M▼ 1.9%
2024 · €1.10M
2018: €280k
2019: €284k
2020: €304k
2021: €317k
2022: €358k
2023: €861k
2024: €1.10M
2018 → 2025
Net result
€-53k▼ 64.3%
2024 · €-32k
2018: €-5k
2019: €2k
2020: €21k
2021: €253
2022: €-7k
2023: €8k
2024: €-32k
2018 → 2025
Working capital
€-879k▼ 2.5%
2024 · €-857k
2018: €-7k
2019: €-4k
2020: €18k
2021: €19k
2022: €12k
2023: €-469k
2024: €-857k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€12k▼ 37.9%€20k▲ 64.0%€-13k€-66k▼ 418%
Operating result€300-€-7k€8k€-32k€-54k▼ 65.8%
Net result€253-€-7k€8k€-32k€-53k▼ 64.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54k in 2025 against €32k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€813k▼ 3.7%
Current assets
€270k▲ 4.1%
Key figures and ratios
EBITDA
€-2k▼
2024 · €11k
Cash flow
€-2k▼
2024 · €11k
Solvency
-6.1%▼
2024 · -1.2%
Current ratio
0.23▲
2024 · 0.23
Quick ratio
0.08▲
2024 · 0.05
Debt / equity
-17.43▲
2024 · -87.64
ROA
-4.9%▼
2024 · -2.9%
Interest coverage
-68.44▼
2024 · 93.49
Debt
€1.15M▲
2024 · €1.12M
Debt ≤ 1 year
€1.15M▲
2024 · €1.12M
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€1.10M€1.08M▼
Fixed assets21/28€844k€813k▼
Tangible fixed assets22/27€844k€813k▼
Land and buildings22€597k€572k▼
Plant, machinery and equipment23€232k€229k▼
Furniture and vehicles24€16k€12k▼
Current assets29/58€259k€270k▲
Stocks and contracts in progress3€208k€183k▼
Stocks30/36€208k€183k▼
Amounts receivable within one year40/41€20k€75k▲
Trade receivables40€14k€75k▲
Other amounts receivable41€7k-
Cash at bank and in hand54/58€28k€8k▼
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.08M▼
Equity10/15€-13k€-66k▼
Contributions10/11€19k€19k=
Reserves13€402€402=
Distributable reserves133€402€402=
Profit (loss) carried forward14€-32k€-85k▼
Amounts payable17/49€1.12M€1.15M▲
Amounts payable within one year42/48€1.12M€1.15M▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45-€555
Taxes450/3-€555
Other amounts payable47/48€1.11M€1.15M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€51k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€14k€1k▼
Operating profit (loss)9901€-32k€-54k▼
Financial income75/76B€142€527▲
Recurring financial income75€142€527▲
Financial charges65/66B€119€32▼
Recurring financial charges65€119€32▼
Profit (loss) for the period before taxes9903€-32k€-53k▼
Profit (loss) for the period9904€-32k€-53k▼
Profit (loss) for the period to be appropriated9905€-32k€-53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-85k▼
Profit (loss) brought forward from the previous period14P€609€-32k▼
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €21k ▲841%
Operating result €21k, net result €21k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wielsbeke · 1 establishment unit since 2011
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.
Hooiestraat(S.B.V.) 228710 WielsbekeGround area
3,021 m²
Building footprint
296 m²
Volume, LiDAR
1,315 m³
Parcel 37014C0302/00G000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MUNICH MOTORS
since 20112.200.587.926
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014C0302/00G000 | Flanders | 3,021 m² | 1 · 296 m² | 7.4 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.
Similar companies · same sector, comparable size
Lokamel
BE 0412.421.234
Turnhout · Eq €20k
SD AUTOMOBILES
BE 0804.488.603
Sint-Genesius-Rode · Eq €20k
Sarah Car
BE 0468.413.889
Boortmeerbeek · Eq €20k
AUTO S EDITION
BE 0668.890.026
Mouscron · Eq €20k
LUX-GROUP
BE 0660.570.889
Oostende · Eq €20k
Of 10,674 companies in sector 47811 we hold annual accounts for 5,223. 2,662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-07-2011
Fiscal year end31-12
Trade name NL
Munich Motors
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.