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VERVAN

Active
Private limited companyfounded 198639 yrs activeRollegemkerkstraat(Rol) 83, 8510 Kortrijk, BelgiumKBO/BCE: BE 0429.630.717
Summary

VERVAN has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113,491 and a net result of €12,245. Equity is growing by ~3.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability80▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 5.17 against 5.61 in 2024; short-term debt: 12.9% and cash: 66.7% of total assets), and 12.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
87.1%
Return on assets
9.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 filings
Deviation from the deadline
2025
26 d late
2024
20 d late
2023
1 d early
2022
5 d early
2021
18 d early
2020
13 d early
2019
9 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VERVAN was incorporated on 1 October 1986.1 Total assets rose from EUR 109,094 in 2018 to EUR 130,290 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€113,491▲ 12.1%
2024 · €101,245
Total assets
€130,290▲ 14.1%
2024 · €114,161
Net result
€12,245▲ 240%
2024 · €3,606
Working capital
€70,070▲ 22.4%
2024 · €57,255
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€3,851€3,915▲ 1.7%€8,827▲ 125%€4,371▼ 50.5%€17,493▲ 300%
Net result€3,211€3,237▲ 0.8%€7,695▲ 138%€3,606▼ 53.1%€12,245▲ 240%
Equity€86,707▲ 3.8%€89,944▲ 3.7%€97,639▲ 8.6%€101,245▲ 3.7%€113,491▲ 12.1%
Total assets€99,354▲ 6.7%€94,029▼ 5.4%€108,071▲ 14.9%€114,161▲ 5.6%€130,290▲ 14.1%
Debt€12,647▲ 32.0%€4,085▼ 67.7%€10,432▲ 155%€12,916▲ 23.8%€16,800▲ 30.1%
Working capital€30,889▲ 43.9%€40,698▲ 31.8%€51,021▲ 25.4%€57,255▲ 12.2%€70,070▲ 22.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000Operating result 2021: €3,851€3,851Net result 2021: €3,211€3,211Operating result 2022: €3,915€3,915Net result 2022: €3,237€3,237Operating result 2023: €8,827€8,827Net result 2023: €7,695€7,695Operating result 2024: €4,371€4,371Net result 2024: €3,606€3,606Operating result 2025: €17,493€17,493Net result 2025: €12,245€12,24520212022202320242025€0€5,000€10,000€15,000Operating result 2023: €8,827€8,830Net result 2023: €7,695€7,700Operating result 2024: €4,371€4,370Net result 2024: €3,606€3,610Operating result 2025: €17,493€17,500Net result 2025: €12,245€12,200202320242025
The operating result recovers in 2025; 2025 is 300% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,290
Fixed assets €43,420 ▼ 2.4%
Current assets €86,870 ▲ 24.7%
Equity and liabilities €130,290
Equity €113,491 ▲ 12.1%
Debt €16,800 ▲ 30.1%
Debt's share of the balance-sheet total rises from 11.3% to 12.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,776▲
2024 · €6,999
Cash flow
€13,529▲
2024 · €6,234
Current ratio
5.17▼
2024 · 5.61
Debt to equity
0.15▲
2024 · 0.13
ROE
10.8%▲
2024 · 3.6%
ROA
9.4%▲
2024 · 3.2%
Interest coverage
47.32▲
2024 · 23.31
Debt ≤ 1 year
€16,800▲
2024 · €12,418
Income taxes
€4,851▲
2024 · €465
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€114,161€130,290▲
Fixed assets21/28€44,488€43,420▼
Tangible fixed assets22/27€44,488€43,420▼
Land and buildings22€44,488€43,420▼
Current assets29/58€69,673€86,870▲
Cash at bank and in hand54/58€69,673€86,870▲
Equity and liabilities
Total equity and liabilities10/49€114,161€130,290▲
Equity10/15€101,245€113,491▲
Contributions10/11€20,967€20,967=
Reserves13€80,278€92,524▲
Tax-exempt reserves132€11,128€11,128=
Distributable reserves133€69,150€81,396▲
Amounts payable17/49€12,916€16,800▲
Amounts payable within one year42/48€12,418€16,800▲
Trade debts44-€136
Suppliers440/4-€136
Taxes, remuneration and social security45€447€4,849▲
Taxes450/3€447€4,849▲
Other amounts payable47/48€11,971€11,815▼
Accrued charges and deferred income492/3€498-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,628€1,283▼
Other operating charges640/8€6,434€6,507▲
Gross operating margin9900€13,433€25,283▲
Operating profit (loss)9901€4,371€17,493▲
Financial charges65/66B€300€397▲
Recurring financial charges65€300€397▲
Profit (loss) for the period before taxes9903€4,071€17,096▲
Income taxes67/77€465€4,851▲
Profit (loss) for the period9904€3,606€12,245▲
Profit (loss) for the period to be appropriated9905€3,606€12,245▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,606€12,245▲
Transfer to equity691/2€3,606€12,245▲
To other reserves6921€3,606€12,245▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,058€7,775€2,628€2,628€1,283▼ 51.2%
Other operating charges640/8€5,996€5,449€6,090€6,434€6,507▲ 1.1%
Gross operating margin9900€19,905€17,139€17,545€13,433€25,283▲ 88.2%
Operating profit (loss)9901€3,851€3,915€8,827€4,371€17,493▲ 300%
Financial charges65/66B€246€284€292€300€397▲ 32.2%
Recurring financial charges65€246€284€292€300€397▲ 32.2%
Profit (loss) for the period before taxes9903€3,605€3,630€8,534€4,071€17,096▲ 320%
Income taxes67/77€394€393€839€465€4,851▲ 944%
Profit (loss) for the period9904€3,211€3,237€7,695€3,606€12,245▲ 240%
Profit (loss) for the period to be appropriated9905€3,211€3,237€7,695€3,606€12,245▲ 240%
Line20212022202320242025Change
Assets
Total assets20/58€99,354€94,029€108,071€114,161€130,290▲ 14.1%
Fixed assets21/28€56,299€49,744€47,116€44,488€43,420▼ 2.4%
Tangible fixed assets22/27€56,299€49,744€47,116€44,488€43,420▼ 2.4%
Land and buildings22€51,151€49,744€47,116€44,488€43,420▼ 2.4%
Plant, machinery and equipment23€5,148-----
Current assets29/58€43,055€44,286€60,955€69,673€86,870▲ 24.7%
Cash at bank and in hand54/58€43,055€44,286€60,955€69,673€86,870▲ 24.7%
Equity and liabilities
Total equity and liabilities10/49€99,354€94,029€108,071€114,161€130,290▲ 14.1%
Equity10/15€86,707€89,944€97,639€101,245€113,491▲ 12.1%
Contributions10/11€20,967€20,967€20,967€20,967€20,967=
Capital10€20,967€20,967----
Issued capital100€20,967€20,967----
Reserves13€65,740€68,977€76,672€80,278€92,524▲ 15.3%
Non-distributable reserves130/1€2,097€2,097----
Legal reserve130€2,097€2,097----
Tax-exempt reserves132€17,015€20,252€11,128€11,128€11,128=
Distributable reserves133€46,629€46,629€65,544€69,150€81,396▲ 17.7%
Amounts payable17/49€12,647€4,085€10,432€12,916€16,800▲ 30.1%
Amounts payable within one year42/48€12,166€3,588€9,934€12,418€16,800▲ 35.3%
Trade debts44-€120€127-€136-
Suppliers440/4-€120€127-€136-
Taxes, remuneration and social security45€391€393€839€447€4,849▲ 984%
Taxes450/3€391€393€839€447€4,849▲ 984%
Other amounts payable47/48€11,775€3,075€8,968€11,971€11,815▼ 1.3%
Accrued charges and deferred income492/3€481€498€498€498--
Line20212022202320242025Change
Profit (loss) for the period9904€3,211€3,237€7,695€3,606€12,245▲ 240%
+ Depreciation and write-downs630€10,058€7,775€2,628€2,628€1,283▼ 51.2%
Operating cash flow (approximation)€13,269€11,012€10,323€6,234€13,529▲ 117%
Investment in fixed assets (approximation)--€1,220€0€0-€215-
Change in cash-€1,230€16,670€8,718€17,197▲ 97.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial Highest result since 2018net €12,245 ▲240%
Operating result €17,493, net result €12,245, both a record.
20-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial Equity above €100,000Eq €101,245 ▲3.7%
4 profitable years in a row build equity to €101,245.
30-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Liquidity triplescurrent ratio 12.34
Current ratio from 3.54 to 12.34; short-term debt falls from €12,166 to €3,588.
13-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €3,211
Net result €3,211 after one loss-making year.
18-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Weakest financial yearnet -€542
Net result drops to -€542, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity doublescurrent ratio 3.24
Current ratio from 1.48 to 3.24; short-term debt falls from €30,497 to €9,578.
Show earlier events
22-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
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.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Kortrijk · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
858 m²
Building footprint
196 m²
Volume, LiDAR
909 m³
Parcel 34033B0476/00B000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMAGO-PAK CV
Rollegemkerkstraat(Rol) 83, 8510 KortrijkNACE 51475
since 19862.017.818.645
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34033B0476/00B000 Flanders 858 m² 1 · 196 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded01-10-1986
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.