VERVAET MIDAS
ActiveThe computed 12-month bankruptcy probability of VERVAET MIDAS is 2.4% (moderate). The 2025 annual accounts show equity of €70k and a net result of €39k. Its solvency ranks better than 95% of 27450 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+40
Growth78
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 19.02 against 1.11 in 2024; short-term debt: 3.9% and cash: 64.2% of total assets), and 3.9% 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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
96.1%
Return on assets
53.8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 127%
2024 · €31k
2024: €31k
2024 → 2025
Total assets
€73k▼ 17.4%
2024 · €88k
2024: €88k
2024 → 2025
Net result
€39k▲ 41.2%
2024 · €28k
2024: €28k
2024 → 2025
Working capital
€52k▲ 701%
2024 · €6k
2024: €6k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€31k-€70k▲ 127%
Operating result€38k-€55k▲ 45.2%
Net result€28k-€39k▲ 41.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€18k▼ 25.4%
Current assets
€55k▼ 14.3%
Equity and liabilities €73k
Equity
€70k▲ 127%
Debt
€3k▼ 95.0%
The debt ratio falls from 65.1% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▲
2024 · €43k
Cash flow
€45k▲
2024 · €33k
Solvency
96.1%▲
2024 · 34.9%
Current ratio
19.02▲
2024 · 1.11
Quick ratio
19.02▲
2024 · 1.11
Debt / equity
0.04▼
2024 · 1.87
ROE
56.0%▼
2024 · 90.2%
ROA
53.8%▲
2024 · 31.5%
Interest coverage
310.42▼
2024 · 1196.08
Debt
€3k▼
2024 · €57k
Debt ≤ 1 year
€3k▼
2024 · €57k
Income taxes
€15k▲
2024 · €10k
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€88k€73k▼
Fixed assets21/28€24k€18k▼
Tangible fixed assets22/27€24k€18k▼
Furniture and vehicles24€24k€18k▼
Current assets29/58€64k€55k▼
Amounts receivable within one year40/41€18k€8k▼
Trade receivables40€18k€24▼
Other amounts receivable41€498€8k▲
Cash at bank and in hand54/58€45k€47k▲
Equity and liabilities
Total equity and liabilities10/49€88k€73k▼
Equity10/15€31k€70k▲
Contributions10/11€3k€3k=
Reserves13€28k€67k▲
Distributable reserves133€28k€67k▲
Amounts payable17/49€57k€3k▼
Amounts payable within one year42/48€57k€3k▼
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€10k€3k▼
Taxes450/3€10k€3k▼
Other amounts payable47/48€46k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Gross operating margin9900€43k€61k▲
Operating profit (loss)9901€38k€55k▲
Financial income75/76B€7-
Recurring financial income75€7-
Financial charges65/66B€36€196▲
Recurring financial charges65€36€196▲
Profit (loss) for the period before taxes9903€38k€55k▲
Income taxes67/77€10k€15k▲
Profit (loss) for the period9904€28k€39k▲
Profit (loss) for the period to be appropriated9905€28k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€39k▲
Transfer to equity691/2€28k€39k▲
To other reserves6921€28k€39k▲
The notes to these accounts (4 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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity times 17current ratio 19.02
Current ratio from 1.11 to 19.02; short-term debt falls from €57k to €3k.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lochristi · 1 establishment unit since 2023
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.
Beervelde-Dorp 319080 LochristiGround area
578 m²
Building footprint
181 m²
Volume, LiDAR
987 m³
Parcel 44008B0619/00C000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Beervelde-Dorp 31, 9080 Lochristi
since 20232.343.447.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44008B0619/00C000 | Flanders | 578 m² | 1 · 181 m² | 9.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 339 EUR awarded · 339 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 339 EUR | 339 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesVERVAET MIDAS BV42838
Similar companies · same sector, comparable size
ALTECS
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BE 0837.677.449
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JG Energy Group
BE 0779.787.354
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TSC SECURITY
BE 0873.163.910
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SEASQUARE
BE 0877.576.816
Brussel · Eq €70k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,758 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2023
Fiscal year end31-03
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.