VERVLOET
ActiveThe file of VERVLOET contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 9.2% (elevated). The 2025 annual accounts show negative equity (-€679,959) and a net result of -€327,458. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4272 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth78=
Track record60
Bankruptcy probability, 12 months
9.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.67 in 2024; short-term debt: 128.4% and cash: 0.6% of total assets), and equity is negative.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-38.7%
Return on assets
-18.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€679,959
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-09-2026, 50 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
50 d late
2024
41 d late
2023
14 d early
2022
17 d early
2021
32 d early
2020
27 d late
2019
on the day
← 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 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 18 July (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€327,458▲ 12.6%
2024 · -€374,826
Working capital
-€1.4m▼ 178%
2024 · -€494,622
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€74,736▼ 28.0%€32,143▼ 57.0%-€71,315-€350,649▼ 392%-€294,425▲ 16.0%
Net result€55,471within the sector's middle half▼ 56.3%€26,792within the sector's middle half▼ 51.7%-€84,933below the sector's middle half-€374,826below the sector's middle half▼ 341%-€327,458below the sector's middle half▲ 12.6%
Equity€80,466within the sector's middle half▲ 222%€107,258within the sector's middle half▲ 33.3%€22,325below the sector's middle half▼ 79.2%-€352,501below the sector's middle half-€679,959below the sector's middle half▼ 92.9%
Total assets€1.3mwithin the sector's middle half▲ 44.0%€1.2mwithin the sector's middle half▼ 9.1%€1.2mwithin the sector's middle half▼ 2.6%€1.4mwithin the sector's middle half▲ 15.7%€1.8mwithin the sector's middle half▲ 27.4%
Debt€1.3m▲ 39.1%€1.1m▼ 11.8%€1.2m▲ 4.7%€1.7m▲ 48.0%€2.4m▲ 40.7%
Working capital€162,379within the sector's middle half▲ 80.9%€165,402within the sector's middle half▲ 1.9%-€94,186below the sector's middle half-€494,622below the sector's middle half▼ 425%-€1.4mbelow the sector's middle half▼ 178%
Solvency6.0%below the sector's middle half▲ 3.3pp8.8%below the sector's middle half▲ 2.8pp1.9%below the sector's middle half▼ 6.9pp-25.6%below the sector's middle half▼ 27.4pp-38.7%below the sector's middle half▼ 13.1pp
Current ratio1.14within the sector's middle half▲ 0.031.16within the sector's middle half▲ 0.020.91below the sector's middle half▼ 0.250.67below the sector's middle half▼ 0.240.39below the sector's middle half▼ 0.28
Return on assets (ROA)4.1%within the sector's middle half▼ 9.5pp2.2%within the sector's middle half▼ 1.9pp-7.1%below the sector's middle half▼ 9.3pp-27.2%below the sector's middle half▼ 20.1pp-18.6%below the sector's middle half▲ 8.5pp
Staff (FTE)18.3above the sector's middle half▼ 6.6%19.3above the sector's middle half▲ 5.5%21.3above the sector's middle half▲ 10.4%18.6above the sector's middle half▼ 12.7%18.6within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €294,425 in 2025 against €350,649 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€876,870 ▲ 141%
Current assets
€879,086 ▼ 13.3%
Equity and liabilities
Equity-€679,959
Debt€2.4m
Equity is negative: debt (€2.4m) exceeds the balance-sheet total (€1.8m).
Key figures and ratios
EBITDA
-€92,940▲
2024 · -€250,650
Cash flow
-€125,973▲
2024 · -€274,827
Quick ratio
0.15▼
2024 · 0.18
Interest coverage
-1.72▲
2024 · -5.62
Debt ≤ 1 year
€2.3m▲
2024 · €1.5m
Debt > 1 year
€145,116▼
2024 · €171,484
Income taxes
€2,164▲
2024 · €1,507
Staff costs
€1.3m▼
2024 · €1.3m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 85% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
6.8%
went bankrupt
6.2%
stopped otherwise
85%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 9.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 678 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,037 | €3,442 | €32,395 | €378 | - | - |
| Remuneration, social security and pensions62 | €1.1m | €1.2m | €1.4m | €1.3m | €1.3m | ▼ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,453 | €17,301 | €49,451 | €99,999 | €201,486 | ▲ 101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €8,347 | -€49,612 | - | -€39,227 | - | - |
| Other operating charges640/8 | €13,941 | €59,743 | €13,803 | €52,039 | €12,764 | ▼ 75.5% |
| Non-recurring operating charges66A | - | - | €107,224 | €1,630 | €1,109 | ▼ 32.0% |
| Gross operating margin9900 | €1.3m | €1.3m | €1.5m | €1.1m | €1.3m | ▲ 13.5% |
| Operating profit (loss)9901 | €74,736 | €32,143 | -€71,315 | -€350,649 | -€294,425 | ▲ 16.0% |
| Financial income75/76B | €4,796 | €10,759 | €4,597 | €21,910 | €23,257 | ▲ 6.1% |
| Recurring financial income75 | €4,796 | €10,759 | €4,597 | €21,910 | €1,257 | ▼ 94.3% |
| Non-recurring financial income76B | - | - | - | - | €22,000 | - |
| Financial charges65/66B | €23,244 | €14,865 | €16,993 | €44,579 | €54,126 | ▲ 21.4% |
| Recurring financial charges65 | €23,244 | €14,865 | €16,993 | €44,579 | €54,126 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | €56,288 | €28,037 | -€83,711 | -€373,319 | -€325,295 | ▲ 12.9% |
| Income taxes67/77 | €817 | €1,245 | €1,222 | €1,507 | €2,164 | ▲ 43.5% |
| Profit (loss) for the period9904 | €55,471 | €26,792 | -€84,933 | -€374,826 | -€327,458 | ▲ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €55,471 | €26,792 | -€84,933 | -€374,826 | -€327,458 | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.2m | €1.2m | €1.4m | €1.8m | ▲ 27.4% |
| Fixed assets21/28 | €25,152 | €45,128 | €226,020 | €363,877 | €876,870 | ▲ 141% |
| Intangible fixed assets21 | €614 | €381 | €144,403 | €271,036 | €446,821 | ▲ 64.9% |
| Tangible fixed assets22/27 | €24,338 | €44,547 | €81,417 | €92,641 | €429,849 | ▲ 364% |
| Plant, machinery and equipment23 | €9,581 | €4,082 | €3,901 | €4,966 | €364,796 | ▲ 7,245% |
| Furniture and vehicles24 | €13,065 | €21,992 | €38,552 | €38,694 | €30,571 | ▼ 21.0% |
| Assets under construction and advance payments27 | €1,691 | €18,473 | €38,963 | €48,980 | €34,482 | ▼ 29.6% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €1.3m | €1.2m | €965,531 | €1.0m | €879,086 | ▼ 13.3% |
| Stocks and contracts in progress3 | €687,198 | €702,081 | €657,212 | €735,807 | €530,807 | ▼ 27.9% |
| Stocks30/36 | €687,198 | €702,081 | €657,212 | €735,807 | €530,807 | ▼ 27.9% |
| Amounts receivable within one year40/41 | €293,426 | €293,558 | €266,033 | €211,755 | €315,952 | ▲ 49.2% |
| Trade receivables40 | €245,790 | €149,013 | €229,492 | €178,103 | €285,752 | ▲ 60.4% |
| Other amounts receivable41 | €47,636 | €144,544 | €36,541 | €33,652 | €30,200 | ▼ 10.3% |
| Cash at bank and in hand54/58 | €331,488 | €164,131 | €27,486 | €55,910 | €10,596 | ▼ 81.0% |
| Deferred charges and accrued income490/1 | €8,334 | €18,589 | €14,800 | €11,000 | €21,731 | ▲ 97.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.2m | €1.4m | €1.8m | ▲ 27.4% |
| Equity10/15 | €80,466 | €107,258 | €22,325 | -€352,501 | -€679,959 | ▼ 92.9% |
| Contributions10/11 | €213,783 | €213,783 | €213,783 | €213,783 | €213,783 | = |
| Capital10 | €196,000 | €196,000 | €196,000 | €196,000 | €196,000 | = |
| Issued capital100 | €196,000 | €196,000 | €196,000 | €196,000 | €196,000 | = |
| Outside capital11 | €17,783 | €17,783 | €17,783 | €17,783 | €17,783 | = |
| Share premium1100/10 | €17,783 | €17,783 | €17,783 | €17,783 | €17,783 | = |
| Reserves13 | €1.6m | €1.6m | €1.6m | €19,600 | €19,600 | = |
| Non-distributable reserves130/1 | €19,600 | €19,600 | €19,600 | €19,600 | €19,600 | = |
| Legal reserve130 | €19,600 | €19,600 | €19,600 | €19,600 | €19,600 | = |
| Tax-exempt reserves132 | €1.2m | €1.2m | €1.2m | - | - | - |
| Distributable reserves133 | €361,092 | €361,092 | €361,092 | - | - | - |
| Profit (loss) carried forward14 | -€1.7m | -€1.7m | -€1.8m | -€585,884 | -€913,342 | ▼ 55.9% |
| Amounts payable17/49 | €1.3m | €1.1m | €1.2m | €1.7m | €2.4m | ▲ 40.7% |
| Amounts payable after more than one year17 | €87,790 | €87,790 | €87,790 | €171,484 | €145,116 | ▼ 15.4% |
| Financial debts170/4 | €86,590 | €86,590 | €86,590 | €170,284 | €143,916 | ▼ 15.5% |
| Other amounts payable178/9 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Amounts payable within one year42/48 | €1.2m | €1.0m | €1.1m | €1.5m | €2.3m | ▲ 49.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,143 | €26,368 | ▲ 4.9% |
| Financial debts43 | €170,000 | €45,000 | €170,000 | €338,048 | €203,399 | ▼ 39.8% |
| Credit institutions430/8 | €170,000 | €45,000 | €170,000 | €338,048 | €203,399 | ▼ 39.8% |
| Trade debts44 | €310,643 | €196,142 | €203,168 | €208,587 | €400,036 | ▲ 91.8% |
| Suppliers440/4 | €310,643 | €196,142 | €203,168 | €208,587 | €400,036 | ▲ 91.8% |
| Advances received on contracts in progress46 | €303,957 | €299,172 | €263,203 | €390,899 | €736,350 | ▲ 88.4% |
| Taxes, remuneration and social security45 | €191,466 | €167,495 | €241,345 | €114,419 | €118,498 | ▲ 3.6% |
| Taxes450/3 | €15,228 | €11,204 | €23,697 | €3,365 | €5,725 | ▲ 70.1% |
| Remuneration and social security454/9 | €176,238 | €156,292 | €217,649 | €111,054 | €112,773 | ▲ 1.5% |
| Other amounts payable47/48 | €182,000 | €305,146 | €182,000 | €432,000 | €769,744 | ▲ 78.2% |
| Accrued charges and deferred income492/3 | €19,275 | €15,481 | €21,719 | €50,271 | €36,405 | ▼ 27.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,471 | €26,792 | -€84,933 | -€374,826 | -€327,458 | ▲ 12.6% |
| + Depreciation and write-downs630 | €18,453 | €17,301 | €49,451 | €99,999 | €201,486 | ▲ 101% |
| Operating cash flow (approximation) | €73,923 | €44,093 | -€35,482 | -€274,827 | -€125,973 | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | -€37,277 | -€230,343 | -€237,856 | -€714,479 | ▼ 200% |
| Change in cash | - | -€167,357 | -€136,645 | €28,424 | -€45,314 | ▼ 259% |
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
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 50 days late
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 41 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100,000Eq €107,258 ▲33.3%
4 profitable years in a row build equity to €107,258.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €2.0m
Net result €2.0m after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
27-03
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 20-03-2019
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 1948
Ground area
4,087 m²
Building footprint
1,461 m²
Volume, LiDAR
11,888 m³
Parcel 21523B0914/00R010, Brussels · tallest building 16.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Paalstraat 78, 1080 Sint-Jans-Molenbeek
since 19482.002.915.881
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0914/00R010 | Brussels | 4,087 m² | 1 · 1,461 m² | 16.9 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- VERVLOET INTERNATIONAL
- VERVLOET
Highest known parent: VERVLOET INTERNATIONAL. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of VERVLOET and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
47521Retail sale of hardware, building materials, paint and glass (general range)
25510Coating of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400406496
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.