VERVAET
ActiveSummary
VERVAET has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €91k and a net result of €20k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 4354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▲+10
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 18.45 against 39.31 in 2023; short-term debt: 5.2% and cash: 45.6% of total assets), and 5.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
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
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 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
19 d early
2022
32 d early
2021
16 d early
2020
16 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€91k▲ 27.4%
2023 · €71k
2018: €81k
2019: €46k
2020: €55k
2021: €50k
2022: €63k
2023: €71k
2018 → 2024
Total assets
€96k▲ 31.3%
2023 · €73k
2018: €91k
2019: €91k
2020: €55k
2021: €50k
2022: €66k
2023: €73k
2018 → 2024
Net result
€20k▲ 126%
2023 · €9k
2018: €7k
2019: €5k
2020: €9k
2021: €5k
2022: €13k
2023: €9k
2018 → 2024
Working capital
€87k▲ 34.5%
2023 · €65k
2018: €81k
2019: €46k
2020: €55k
2021: €48k
2022: €62k
2023: €65k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€50k▼ 9.0%€63k▲ 25.7%€71k▲ 13.8%€91k▲ 27.4%
Operating result€13k-€8k▼ 43.1%€19k▲ 158%€13k▼ 31.0%€29k▲ 113%
Net result€9k-€5k▼ 40.6%€13k▲ 150%€9k▼ 32.3%€20k▲ 126%
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 113% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €96k
Fixed assets
€4k ▼ 43.8%
Current assets
€92k ▲ 38.5%
Equity and liabilities €96k
Equity
€91k ▲ 27.4%
Debt
€5k ▲ 195%
Debt's share of the balance-sheet total rises from 2.3% to 5.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2023 · €15k
Cash flow
€22k▲
2023 · €10k
Current ratio
18.45▼
2023 · 39.31
Debt to equity
0.06▲
2023 · 0.02
ROE
21.5%▲
2023 · 12.2%
ROA
20.4%▲
2023 · 11.9%
Interest coverage
93.16▲
2023 · 31.28
Debt ≤ 1 year
€5k▲
2023 · €2k
Income taxes
€9k▲
2023 · €4k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€73k€96k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€49€49=
Current assets29/58€66k€92k▲
Amounts receivable within one year40/41€13k€18k▲
Trade receivables40€10k€12k▲
Other amounts receivable41€3k€6k▲
Current investments50/53-€30k
Cash at bank and in hand54/58€53k€44k▼
Deferred charges and accrued income490/1€71€41▼
Equity and liabilities
Total equity and liabilities10/49€73k€96k▲
Equity10/15€71k€91k▲
Contributions10/11€6k€6k=
Reserves13€61k€73k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€61k€73k▲
Profit (loss) carried forward14€4k€11k▲
Amounts payable17/49€2k€5k▲
Amounts payable within one year42/48€2k€5k▲
Trade debts44€54€2k▲
Suppliers440/4€54€2k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8-€64
Gross operating margin9900€15k€31k▲
Operating profit (loss)9901€13k€29k▲
Financial income75/76B€14€135▲
Recurring financial income75€14€135▲
Financial charges65/66B€483€336▼
Recurring financial charges65€483€336▼
Profit (loss) for the period before taxes9903€13k€28k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€9k€20k▲
Profit (loss) for the period to be appropriated9905€9k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€24k▲
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer to equity691/2€9k€13k▲
To other reserves6921€9k€13k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €20k ▲126%
Operating result €29k, net result €20k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 39.31
Current ratio from 18.95 to 39.31; short-term debt falls from €3k to €2k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Liquidity times 1429current ratio 2892.32
Current ratio from 2.02 to 2892.32; short-term debt falls from €45k to €19.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €5k ▼28.5%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zaventem · 1 establishment unit since 1995
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.
Vredelaan 61930 ZaventemGround area
999 m²
Building footprint
387 m²
Volume, LiDAR
2,876 m³
2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vilvoordelaan 3, 1930 Zaventem
since 19952.073.884.051
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0354/00F005 | Flanders | 712 m² | 1 · 312 m² | 12.1 m · 2 fl. |
| 23772C0267/00C003 | Flanders | 287 m² | 1 · 75 m² | 10.3 m · 3 fl. |
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.
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Of 4,529 companies in sector 74301 we hold annual accounts for 719. 614 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.