VERVISCH LEO

Active

Private limited company (pre-2019)founded 200223 yrs activeScheldekaai 6, 8581 Avelgem, BelgiumKBO/BCE: BE 0479.047.465

VERVISCH 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).

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Checked score

Score 2025

58 / 100

Fair▲ +56 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

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.

How do we compute the score and the probability?

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

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 →

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

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

22232425

2022 to 2025 · latest year -€104k

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 comparison

Position among 1000 sector peers

Solvency

better than 21%

← weakest strongest →

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 filings

Deviation 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 →

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 months

Position in the running window

30-06-2026 close05-09-2026 today31-01-2027 deadline

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

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

52.2%

47.8%

Fixed assets €1.46M▼ 8.9%

Current assets €1.34M▼ 1.9%

Equity and liabilities €2.80M

22.2%

77.8%

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

2025 value · change against 2024

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

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

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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