VERVINS
ActiveSummary
VERVINS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €203,906 and a net result of -€17,710. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+2
Solvency81=
Growth72=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.04 in 2024; short-term debt: 39% and cash: 0.9% of total assets), and 43.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,710
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
62 d early
2023
26 d early
2022
34 d early
2021
9 d early
2020
3 d early
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 6 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€0▼ 100%
2019 · €43,760
EBIT margin
-6.8%▲ 148.4pp
2018 · -155.2%
Net result
-€17,710▲ 30.3%
2024 · -€25,397
Working capital
-€133,359▲ 11.2%
2024 · -€150,200
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result-€4,029▲ 67.2%-€13,416▼ 233%-€18,959▼ 41.3%-€26,300▼ 38.7%-€18,677▲ 29.0%
Net result-€3,517within the sector's middle half▲ 70.5%-€11,467below the sector's middle half▼ 226%-€16,850below the sector's middle half▼ 46.9%-€25,397below the sector's middle half▼ 50.7%-€17,710within the sector's middle half▲ 30.3%
EBIT margin
Equity€275,330within the sector's middle half▼ 1.3%€263,863within the sector's middle half▼ 4.2%€247,013within the sector's middle half▼ 6.4%€221,616within the sector's middle half▼ 10.3%€203,906within the sector's middle half▼ 8.0%
Total assets€503,651within the sector's middle half▼ 8.8%€467,600within the sector's middle half▼ 7.2%€434,491within the sector's middle half▼ 7.1%€396,508within the sector's middle half▼ 8.7%€362,712below the sector's middle half▼ 8.5%
Debt€204,078▼ 17.7%€181,691▼ 11.0%€167,751▼ 7.7%€156,326▼ 6.8%€141,401▼ 9.5%
Working capital-€195,173below the sector's middle half▲ 12.6%-€173,496below the sector's middle half▲ 11.1%-€157,325below the sector's middle half▲ 9.3%-€150,200below the sector's middle half▲ 4.5%-€133,359within the sector's middle half▲ 11.2%
Solvency54.7%within the sector's middle half▲ 4.2pp56.4%within the sector's middle half▲ 1.8pp56.9%within the sector's middle half▲ 0.4pp55.9%within the sector's middle half▼ 1.0pp56.2%within the sector's middle half▲ 0.3pp
Current ratio0.04below the sector's middle half▼ 0.040.05below the sector's middle half=0.06below the sector's middle half▲ 0.020.04below the sector's middle half▼ 0.020.06below the sector's middle half▲ 0.02
Return on assets (ROA)-0.7%within the sector's middle half▲ 1.5pp-2.5%below the sector's middle half▼ 1.8pp-3.9%below the sector's middle half▼ 1.4pp-6.4%below the sector's middle half▼ 2.5pp-4.9%below the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 €18,677 in 2025 against €26,300 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362,712
Fixed assets
€354,670 ▼ 9.1%
Current assets
€8,042 ▲ 31.3%
Equity and liabilities €362,712
Equity
€203,906 ▼ 8.0%
Provisions
€17,405 ▼ 6.3%
Debt
€141,401 ▼ 9.5%
Debt's share of the balance-sheet total falls from 39.4% to 39.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17,035▲
2024 · €9,238
Cash flow
€18,001▲
2024 · €10,140
Debt to equity
0.69▼
2024 · 0.71
ROE
-8.7%▲
2024 · -11.5%
Interest coverage
87.71▲
2024 · 35.82
Debt ≤ 1 year
€141,401▼
2024 · €156,326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,341 | €35,341 | €35,341 | €35,538 | €35,712 | ▲ 0.5% |
| Other operating charges640/8 | €3,695 | €3,736 | €4,099 | €4,352 | €4,386 | ▲ 0.8% |
| Gross operating margin9900 | €35,007 | €25,660 | €20,481 | €13,590 | €21,421 | ▲ 57.6% |
| Operating profit (loss)9901 | -€4,029 | -€13,416 | -€18,959 | -€26,300 | -€18,677 | ▲ 29.0% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | €542 | €247 | €212 | €258 | €194 | ▼ 24.7% |
| Recurring financial charges65 | €542 | €247 | €212 | €258 | €194 | ▼ 24.7% |
| Profit (loss) for the period before taxes9903 | -€4,571 | -€13,663 | -€19,170 | -€26,557 | -€18,871 | ▲ 28.9% |
| Transfer from deferred taxes780 | €1,054 | €2,196 | €2,321 | €1,160 | €1,160 | = |
| Profit (loss) for the period9904 | -€3,517 | -€11,467 | -€16,850 | -€25,397 | -€17,710 | ▲ 30.3% |
| Transfer from tax-exempt reserves789 | €3,165 | €6,665 | €6,962 | €3,481 | €3,481 | = |
| Profit (loss) for the period to be appropriated9905 | -€352 | -€4,802 | -€9,887 | -€21,916 | -€14,229 | ▲ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €503,651 | €467,600 | €434,491 | €396,508 | €362,712 | ▼ 8.5% |
| Fixed assets21/28 | €494,746 | €459,405 | €424,065 | €390,382 | €354,670 | ▼ 9.1% |
| Tangible fixed assets22/27 | €494,746 | €459,405 | €424,065 | €390,382 | €354,670 | ▼ 9.1% |
| Land and buildings22 | €494,746 | €459,405 | €424,065 | €388,724 | €353,383 | ▼ 9.1% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €1,658 | €1,287 | ▼ 22.4% |
| Furniture and vehicles24 | €0 | €0 | €0 | - | - | - |
| Current assets29/58 | €8,905 | €8,195 | €10,426 | €6,126 | €8,042 | ▲ 31.3% |
| Amounts receivable within one year40/41 | - | €0 | - | - | €3,119 | - |
| Trade receivables40 | - | - | - | - | €3,119 | - |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €3,462 | €4,260 | €9,024 | €4,665 | €3,434 | ▼ 26.4% |
| Deferred charges and accrued income490/1 | €5,443 | €3,935 | €1,402 | €1,461 | €1,489 | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €503,651 | €467,600 | €434,491 | €396,508 | €362,712 | ▼ 8.5% |
| Equity10/15 | €275,330 | €263,863 | €247,013 | €221,616 | €203,906 | ▼ 8.0% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Capital10 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Issued capital100 | €300,000 | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Reserves13 | €72,806 | €66,141 | €59,178 | €55,697 | €52,216 | ▼ 6.2% |
| Tax-exempt reserves132 | €72,806 | €66,141 | €59,178 | €55,697 | €52,216 | ▼ 6.2% |
| Profit (loss) carried forward14 | -€97,476 | -€102,278 | -€112,165 | -€134,081 | -€148,311 | ▼ 10.6% |
| Provisions and deferred taxes16 | €24,243 | €22,047 | €19,726 | €18,566 | €17,405 | ▼ 6.3% |
| Deferred taxes168 | €24,243 | €22,047 | €19,726 | €18,566 | €17,405 | ▼ 6.3% |
| Amounts payable17/49 | €204,078 | €181,691 | €167,751 | €156,326 | €141,401 | ▼ 9.5% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €204,078 | €181,691 | €167,751 | €156,326 | €141,401 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €4,428 | €0 | - | - | - | - |
| Trade debts44 | €0 | €0 | €0 | €69 | €0 | ▼ 100% |
| Suppliers440/4 | €0 | €0 | €0 | €69 | €0 | ▼ 100% |
| Other amounts payable47/48 | €199,651 | €181,691 | €167,751 | €156,257 | €141,401 | ▼ 9.5% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,517 | -€11,467 | -€16,850 | -€25,397 | -€17,710 | ▲ 30.3% |
| + Depreciation and write-downs630 | €35,341 | €35,341 | €35,341 | €35,538 | €35,712 | ▲ 0.5% |
| Operating cash flow (approximation) | €31,824 | €23,874 | €18,491 | €10,140 | €18,001 | ▲ 77.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,855 | €0 | ▲ 100% |
| Change in cash | - | €798 | €4,764 | -€4,359 | -€1,231 | ▲ 71.8% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Verlaine · 2 establishment units since 1994
Ground area
1,631 m²
Building footprint
339 m²
Volume, LiDAR
4,181 m³
2 parcels, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Rue Haute Voie(VER) 4, 4537 Verlaine
since 19942.066.608.259
Rue Haute Voie(VER) 2, 4537 Verlaine
since 19942.066.608.358
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063B1260/00E000 | Wallonia | 855 m² | 1 · 99 m² | 12.3 m · 4 fl. |
| 61063B1266/00M000 | Wallonia | 776 m² | 1 · 239 m² | 15.0 m · 4 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.
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,808 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
58190Other publishing activities, excluding software publishing
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
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