VERVISCH LEO
ActiveVERVISCH LEO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €621k and a net result of €-104k. Equity is shrinking by ~16% per year across the filed fiscal years. Its solvency ranks better than 21% of 1000 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency53▲+19
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.92 against 0.9 in 2024), but 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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 fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€104k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1000 sector peers (2025).
NBB · sector comparisonPosition among 1000 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 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 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
27 d late
2022
3 d late
2021
3 d late
2020
17 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close05-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€621k▼ 14.3%
2024 · €725k
2022: €1.04M
2023: €1.00M
2024: €725k
2022 → 2025
Total assets
€2.80M▼ 5.7%
2024 · €2.97M
2022: €3.12M
2023: €3.11M
2024: €2.97M
2022 → 2025
Net result
€-104k▲ 62.5%
2024 · €-276k
2022: €340k
2023: €-35k
2024: €-276k
2022 → 2025
Working capital
€998k
2024 · €-158k
2022: €122k
2023: €57k
2024: €-158k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1.04M-€1.00M▼ 3.4%€725k▼ 27.6%€621k▼ 14.3%
Operating result€392k-€12k▼ 96.9%€-206k€-87k▲ 57.8%
Net result€340k-€-35k€-276k▼ 688%€-104k▲ 62.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €87k in 2025 against €206k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.80M
Fixed assets
€1.46M▼ 8.9%
Current assets
€1.34M▼ 1.9%
Equity and liabilities €2.80M
Equity
€621k▼ 14.3%
Debt
€2.18M▼ 2.9%
The debt ratio rises from 75.6% to 77.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€142k▲
2024 · €20k
Cash flow
€125k▲
2024 · €-50k
Solvency
22.2%▼
2024 · 24.4%
Current ratio
3.92▲
2024 · 0.90
Quick ratio
1.70▲
2024 · 0.36
Debt / equity
3.51▲
2024 · 3.10
ROE
-16.7%▲
2024 · -38.1%
ROA
-3.7%▲
2024 · -9.3%
Interest coverage
6.96▲
2024 · 0.27
Debt
€2.18M▼
2024 · €2.25M
Debt ≤ 1 year
€342k▼
2024 · €1.52M
Debt > 1 year
€1.82M▲
2024 · €654k
Staff costs
€172k▼
2024 · €184k
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
Total assets
20/58€2.97M€2.80M▼
Fixed assets
21/28€1.61M€1.46M▼
Intangible fixed assets
21€21k€40k▲
Tangible fixed assets
22/27€1.58M€1.42M▼
Financial fixed assets
28€135€135=
Current assets
29/58€1.36M€1.34M▼
Stocks & contracts in progress
3€815k€759k▼
Amounts receivable within one year
40/41€487k€377k▼
Cash & bank
54/58€46k€191k▲
Total equity & liabilities
10/49€2.97M€2.80M▼
Equity
10/15€725k€621k▼
Contributions / capital
10/11€125k€125k=
Reserves
13€460k€460k=
Accumulated profits (losses)
14€140k€37k▼
Amounts payable
17/49€2.25M€2.18M▼
Amounts payable after one year
17€654k€1.82M▲
Amounts payable within one year
42/48€1.52M€342k▼
Trade debts payable within one year
44€151k€172k▲
Income statement
Code20242025
Gross operating margin
9900€230k€338k▲
Operating result
9901€-206k€-87k▲
Financial income
75€5k€4k▼
Financial charges
65€75k€20k▼
Result before taxes
9903€-276k€-104k▲
Net result for the period
9904€-276k€-104k▲
Result to be appropriated
9905€-276k€-104k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
30-06
Financial
Liquidity quadruplescurrent ratio 3.92
Current ratio from 0.90 to 3.92; short-term debt falls from €1.52M to €342k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet €-276k
Net result drops to €-276k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-12
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 2 acts read
About the unread acts
We know of 2 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
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Of 3,445 companies in sector 25530 we hold annual accounts for 1,621. 1,232 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-12-2002
Fiscal year end30-06
Activities, NACEBEL
25530Machining of metals
28520
46820Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 04-08-2026. Scores and ratios are computed by Checked and are not a credit decision.