VERVAET SERVICES
ActiveSummary
VERVAET SERVICES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €632k and a net result of €7k. Equity is growing by ~27.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 4654 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.08 against 4.66 in 2024; short-term debt: 10.8% and cash: 1.7% of total assets), and 19.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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
80.2%
Return on assets
0.8%
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 19-07-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
2 d early
2023
26 d early
2022
31 d early
2021
33 d early
2020
27 d late
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€632k▲ 1.0%
2024 · €626k
2018: €218k
2019: €136k▼ -37.5% vs 2018lowest in 8 years
2020: €141k▲ +3.3% vs 2019
2021: €139k▼ -1.3% vs 2020
2022: €247k▲ +77.6% vs 2021
2023: €498k▲ +102% vs 2022
2024: €626k▲ +25.6% vs 2023
2025: €632k▲ +1.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€788k▲ 4.1%
2024 · €758k
2018: €724k
2019: €464k▼ -36.0% vs 2018
2020: €422k▼ -8.9% vs 2019
2021: €326k▼ -22.8% vs 2020lowest in 8 years
2022: €385k▲ +18.2% vs 2021
2023: €751k▲ +94.9% vs 2022
2024: €758k▲ +0.9% vs 2023
2025: €788k▲ +4.1% vs 2024highest in 8 years
2018 → 2025
Net result
€7k▼ 49.6%
2024 · €13k
2018: €8k
2019: €-82k▼ -1157% vs 2018lowest in 8 years
2020: €4k▲ +105% vs 2019
2021: €-2k▼ -141% vs 2020
2022: €108k▲ +5938% vs 2021
2023: €366k▲ +240% vs 2022highest in 8 years
2024: €13k▼ -96.5% vs 2023
2025: €7k▼ -49.6% vs 2024
2018 → 2025
Working capital
€176k▼ 29.8%
2024 · €251k
2018: €149k
2019: €120k▼ -19.5% vs 2018
2020: €130k▲ +8.5% vs 2019
2021: €116k▼ -10.5% vs 2020lowest in 8 years
2022: €230k▲ +97.3% vs 2021
2023: €618k▲ +169% vs 2022highest in 8 years
2024: €251k▼ -59.4% vs 2023
2025: €176k▼ -29.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€247k▲ 77.6%€498k▲ 102%€626k▲ 25.6%€632k▲ 1.0%
2021: €139klowest in 5 years
2022: €247k▲ +77.6% vs 2021
2023: €498k▲ +102% vs 2022
2024: €626k▲ +25.6% vs 2023
2025: €632k▲ +1.0% vs 2024highest in 5 years
Operating result€2k-€134k▲ 6,168%€489k▲ 266%€12k▼ 97.5%€12k▲ 1.4%
2021: €2klowest in 5 years
2022: €134k▲ +6168% vs 2021
2023: €489k▲ +266% vs 2022highest in 5 years
2024: €12k▼ -97.5% vs 2023
2025: €12k▲ +1.4% vs 2024
Net result€-2k-€108k€366k▲ 240%€13k▼ 96.5%€7k▼ 49.6%
2021: €-2klowest in 5 years
2022: €108k▲ +5938% vs 2021
2023: €366k▲ +240% vs 2022highest in 5 years
2024: €13k▼ -96.5% vs 2023
2025: €7k▼ -49.6% vs 2024
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 recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €788k
Fixed assets
€527k ▲ 20.4%
Current assets
€261k ▼ 18.3%
Equity and liabilities €788k
Equity
€632k ▲ 1.0%
Provisions
€71k ▲ 14.9%
Debt
€85k ▲ 21.6%
Debt's share of the balance-sheet total rises from 9.2% to 10.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▲
2024 · €32k
Cash flow
€34k▲
2024 · €33k
Current ratio
3.08▼
2024 · 4.66
Debt to equity
0.13▲
2024 · 0.11
ROE
1.0%▼
2024 · 2.1%
ROA
0.8%▼
2024 · 1.7%
Interest coverage
57.55▼
2024 · 83.40
Debt ≤ 1 year
€85k▲
2024 · €69k
Income taxes
€0▼
2024 · €411
Staff costs
€0▲
2024 · €-99
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€758k€788k▲
Fixed assets21/28€438k€527k▲
Tangible fixed assets22/27€438k€527k▲
Land and buildings22€404k€505k▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€27k€18k▼
Current assets29/58€320k€261k▼
Amounts receivable within one year40/41€45k€97k▲
Trade receivables40€19k€74k▲
Other amounts receivable41€26k€23k▼
Current investments50/53€150k€150k▼
Cash at bank and in hand54/58€122k€13k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€758k€788k▲
Equity10/15€626k€632k▲
Contributions10/11€62k€62k=
Reserves13€565k€560k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€232k€260k▲
Distributable reserves133€333k€300k▼
Profit (loss) carried forward14€-1k€10k▲
Provisions and deferred taxes16€62k€71k▲
Deferred taxes168€62k€71k▲
Amounts payable17/49€70k€85k▲
Amounts payable within one year42/48€69k€85k▲
Trade debts44€67k€85k▲
Suppliers440/4€67k€85k▲
Taxes, remuneration and social security45€1k€200▼
Taxes450/3€1k€200▼
Remuneration and social security454/9€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Non-recurring operating income76A€26k€52k▲
Remuneration, social security and pensions62€-99€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€27k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€541
Other operating charges640/8€7k€6k▼
Gross operating margin9900€39k€46k▲
Operating profit (loss)9901€12k€12k▲
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Non-recurring financial income76B€826€0▼
Financial charges65/66B€389€684▲
Recurring financial charges65€389€684▲
Profit (loss) for the period before taxes9903€18k€16k▼
Transfer from deferred taxes780€1k€3k▲
Transfer to deferred taxes680€6k€13k▲
Income taxes67/77€411€0▼
Profit (loss) for the period9904€13k€7k▼
Transfer from tax-exempt reserves789€4k€10k▲
Transfer to tax-exempt reserves689€18k€38k▲
Profit (loss) for the period to be appropriated9905€-1k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-22k▼
Profit (loss) brought forward from the previous period14P-€-1k
Transfer from equity791/2-€33k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €21k | - | €447k | €26k | €52k | ▲ 105% |
| Remuneration, social security and pensions62 | €204k | €244k | €109k | €-99 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €40k | €12k | €20k | €27k | ▲ 33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €541 | - |
| Other operating charges640/8 | €47k | €46k | €22k | €7k | €6k | ▼ 10.8% |
| Non-recurring operating charges66A | €25k | €0 | - | - | - | - |
| Gross operating margin9900 | €318k | €463k | €632k | €39k | €46k | ▲ 17.5% |
| Operating profit (loss)9901 | €2k | €134k | €489k | €12k | €12k | ▲ 1.4% |
| Financial income75/76B | €101 | €8 | €3k | €6k | €4k | ▼ 34.9% |
| Recurring financial income75 | €101 | €8 | €3k | €6k | €4k | ▼ 25.2% |
| Non-recurring financial income76B | - | - | - | €826 | €0 | ▼ 100% |
| Financial charges65/66B | €4k | €2k | €2k | €389 | €684 | ▲ 75.8% |
| Recurring financial charges65 | €4k | €2k | €2k | €389 | €684 | ▲ 75.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €131k | €490k | €18k | €16k | ▼ 13.0% |
| Transfer from deferred taxes780 | - | - | - | €1k | €3k | ▲ 132% |
| Transfer to deferred taxes680 | - | - | €57k | €6k | €13k | ▲ 104% |
| Income taxes67/77 | €279 | €24k | €66k | €411 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-2k | €108k | €366k | €13k | €7k | ▼ 49.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €4k | €10k | ▲ 132% |
| Transfer to tax-exempt reserves689 | - | - | €172k | €18k | €38k | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €108k | €194k | €-1k | €-21k | ▼ 1,677% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €326k | €385k | €751k | €758k | €788k | ▲ 4.1% |
| Fixed assets21/28 | €73k | €40k | €52k | €438k | €527k | ▲ 20.4% |
| Tangible fixed assets22/27 | €65k | €32k | €52k | €438k | €527k | ▲ 20.4% |
| Land and buildings22 | €12k | €10k | €10k | €404k | €505k | ▲ 25.1% |
| Plant, machinery and equipment23 | €5k | €9k | €5k | €7k | €5k | ▼ 35.6% |
| Furniture and vehicles24 | €48k | €13k | €37k | €27k | €18k | ▼ 33.9% |
| Financial fixed assets28 | €8k | €8k | €0 | - | - | - |
| Current assets29/58 | €253k | €346k | €699k | €320k | €261k | ▼ 18.3% |
| Amounts receivable within one year40/41 | €173k | €244k | €69k | €45k | €97k | ▲ 113% |
| Trade receivables40 | €168k | €244k | €63k | €19k | €74k | ▲ 283% |
| Other amounts receivable41 | €5k | €0 | €6k | €26k | €23k | ▼ 12.3% |
| Current investments50/53 | - | - | €125k | €150k | €150k | ▼ 0.1% |
| Cash at bank and in hand54/58 | €74k | €100k | €504k | €122k | €13k | ▼ 89.4% |
| Deferred charges and accrued income490/1 | €7k | €1k | €1k | €2k | €1k | ▼ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €326k | €385k | €751k | €758k | €788k | ▲ 4.1% |
| Equity10/15 | €139k | €247k | €498k | €626k | €632k | ▲ 1.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | - | - | - |
| Issued capital100 | €62k | €62k | €62k | - | - | - |
| Reserves13 | €156k | €185k | €436k | €565k | €560k | ▼ 0.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €0 | - | - |
| Legal reserve130 | €6k | €6k | €6k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Tax-exempt reserves132 | €46k | €46k | €103k | €232k | €260k | ▲ 11.9% |
| Distributable reserves133 | €104k | €132k | €327k | €333k | €300k | ▼ 9.9% |
| Profit (loss) carried forward14 | €-79k | €0 | - | €-1k | €10k | ▲ 978% |
| Provisions and deferred taxes16 | - | - | €172k | €62k | €71k | ▲ 14.9% |
| Deferred taxes168 | - | - | €172k | €62k | €71k | ▲ 14.9% |
| Amounts payable17/49 | €187k | €139k | €81k | €70k | €85k | ▲ 21.6% |
| Amounts payable after more than one year17 | €51k | €23k | €0 | - | - | - |
| Financial debts170/4 | €51k | €23k | €0 | - | - | - |
| Amounts payable within one year42/48 | €137k | €116k | €81k | €69k | €85k | ▲ 23.8% |
| Current portion of amounts payable after more than one year42 | €56k | €28k | €0 | - | - | - |
| Trade debts44 | €61k | €38k | €19k | €67k | €85k | ▲ 25.5% |
| Suppliers440/4 | €61k | €38k | €19k | €67k | €85k | ▲ 25.5% |
| Taxes, remuneration and social security45 | €15k | €49k | €61k | €1k | €200 | ▼ 81.4% |
| Taxes450/3 | €2k | €32k | €55k | €1k | €200 | ▼ 81.4% |
| Remuneration and social security454/9 | €13k | €17k | €7k | €0 | - | - |
| Other amounts payable47/48 | €4k | €1k | €273 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €108k | €366k | €13k | €7k | ▼ 49.6% |
| + Depreciation and write-downs630 | €39k | €40k | €12k | €20k | €27k | ▲ 33.2% |
| Operating cash flow (approximation) | €38k | €147k | €379k | €33k | €34k | ▲ 0.9% |
| Investment in fixed assets (approximation) | - | €-6k | €-24k | €-407k | €-117k | ▲ 71.3% |
| Change in cash | - | €27k | €404k | €-382k | €-109k | ▲ 71.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €626k ▲25.6%
3 profitable years in a row build equity to €626k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €366k ▲240%
Operating result €489k, net result €366k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 8.63
Current ratio from 2.98 to 8.63; short-term debt falls from €116k to €81k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
31-12
Financial
Equity above €200kEq €247k ▲77.6%
Equity rises from €139k to €247k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
Show earlier events
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Laarne · 1 establishment unit since 1994
Ground area
1,904 m²
Building footprint
172 m²
Volume, LiDAR
1,006 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERVAET SERVICES
since 19942.069.428.088
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42009E0071/00Y000 | Flanders | 1,031 m² | 1 · 115 m² | 10.1 m · 2 fl. |
| 42009E0069/00E000 | Flanders | 873 m² | 1 · 57 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2022 · 1 entry · 305 EUR awarded · 305 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 305 EUR | 305 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
HEZOTRA
BE 0437.404.672
Heist-op-den-Berg · Eq €632,143
SACOTTE LOGISTICS
BE 0443.112.034
Eghezée · Eq €632,977
TRANSMEC BELGIUM
BE 0454.566.447
Herstal · Eq €631,325
ALIMPEX
BE 0401.028.682
De Panne · Eq €631,306
GUVVI
BE 0473.090.180
Avelgem · Eq €631,118
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 4,865 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
46130Agents in the wholesale of timber and building materials
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.