Summary
VERLINVEST GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.33B and a net result of €42.04M. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 90% of 2399 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
35 d early
2023
34 d early
2022
35 d early
2021
1 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file Which other companies belong to the same group?VERLINVEST GROUP · 7 companies What changed in the latest annual accounts?What changed Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#8 company by equity in Elsene, Finance and insurance sector
Equity
€1.33B▲ 1.5%
2024 · €1.31B
Net result
€42.04M▲ 107%
2024 · €20.27M
Total assets
€1.35B▲ 1.6%
2024 · €1.33B
Solvency
98.2%▼ 0.1pp
2024 · 98.4%
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
Line20202022202320242025
Operating result€-2.17M▼ 57.7%€-1.50M-€-9.59M▼ 538%€-7.90M▲ 17.6%€-7.99M▼ 1.2%
Net result€22.20M▼ 63.3%€36.11M-€61.31M▲ 69.8%€20.27M▼ 66.9%€42.04M▲ 107%
Equity€1.01B▲ 2.2%€1.02B-€1.06B▲ 4.0%€1.31B▲ 24.1%€1.33B▲ 1.5%
Total assets€1.02B▲ 2.2%€1.04B-€1.08B▲ 4.0%€1.33B▲ 23.6%€1.35B▲ 1.6%
Debt€1.56M▼ 25.6%€21.43M-€21.91M▲ 2.2%€21.63M▼ 1.3%€23.79M▲ 10.0%
Working capital€15.08M▲ 35.6%€78.03M-€24.90M▼ 68.1%€-16.20M€36.04M
Solvency99.8%▲ 0.1pp97.9%-98.0%=98.4%▲ 0.4pp98.2%▼ 0.1pp
Staff (FTE)2=2-2=2=2=
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7.99M in 2025 against €7.90M in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35B
Fixed assets
€1.30B ▼ 2.5%
Current assets
€59.71M ▲ 1,035%
Equity and liabilities €1.35B
Equity
€1.33B ▲ 1.5%
Debt
€23.79M ▲ 10.0%
Debt's share of the balance-sheet total rises from 1.6% to 1.8%. Equity and debt are higher.
Key figures and ratios
ROE
3.2%▲
2024 · 1.5%
ROA
3.1%▲
2024 · 1.5%
Debt ≤ 1 year
€23.66M▲
2024 · €21.47M
Income taxes
€368k▲
2024 · €182k
Staff costs
€1.52M▼
2024 · €1.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €10k | €181k | €433k | €341k | ▼ 21.2% |
| Other operating income74 | - | €10k | €181k | €433k | €341k | ▼ 21.2% |
| Non-recurring operating income76A | - | - | - | - | €2 | - |
| Operating charges60/66A | - | €1.51M | €9.77M | €8.33M | €8.33M | = |
| Services and other goods61 | - | €391k | €528k | €445k | €567k | ▲ 27.4% |
| Remuneration, social security and pensions62 | - | €1.12M | €1.34M | €1.55M | €1.52M | ▼ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €3k | €2k | €3k | €5k | ▲ 79.3% |
| Other operating charges640/8 | - | €887 | €7.90M | €6.33M | €6.24M | ▼ 1.5% |
| Non-recurring operating charges66A | - | - | - | €501 | - | - |
| Operating profit (loss)9901 | €-2.17M | €-1.50M | €-9.59M | €-7.90M | €-7.99M | ▼ 1.2% |
| Financial income75/76B | - | €38.12M | €71.39M | €28.38M | €50.44M | ▲ 77.7% |
| Recurring financial income75 | €4.46M | €28.47M | €39.51M | €3.03M | €38.88M | ▲ 1,182% |
| Income from financial fixed assets750 | - | €26.67M | €37.82M | €2.33M | €38.75M | ▲ 1,561% |
| Income from current assets751 | - | €1.80M | €1.66M | €330k | €78k | ▼ 76.3% |
| Other financial income752/9 | - | €3k | €25k | €368k | €55k | ▼ 85.0% |
| Non-recurring financial income76B | - | €9.65M | €31.88M | €25.35M | €11.55M | ▼ 54.4% |
| Financial charges65/66B | - | €38k | €31k | €33k | €36k | ▲ 7.9% |
| Recurring financial charges65 | €521 | €38k | €31k | €27k | €36k | ▲ 31.3% |
| Debt charges650 | - | €32k | €14k | - | €4k | - |
| Other financial charges652/9 | - | €7k | €16k | €27k | €32k | ▲ 16.1% |
| Non-recurring financial charges66B | - | - | - | €6k | - | - |
| Profit (loss) for the period before taxes9903 | €22.33M | €36.58M | €61.77M | €20.45M | €42.41M | ▲ 107% |
| Income taxes67/77 | €123k | €466k | €460k | €182k | €368k | ▲ 103% |
| Taxes670/3 | - | €466k | €543k | €379k | €368k | ▼ 2.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €83k | €197k | - | - |
| Profit (loss) for the period9904 | €22.20M | €36.11M | €61.31M | €20.27M | €42.04M | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €22.20M | €36.11M | €61.31M | €20.27M | €42.04M | ▲ 107% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.02B | €1.04B | €1.08B | €1.33B | €1.35B | ▲ 1.6% |
| Formation expenses20 | €5k | €1k | €0 | €16k | €12k | ▼ 22.3% |
| Fixed assets21/28 | €999.12M | €938.23M | €1.03B | €1.33B | €1.30B | ▼ 2.5% |
| Tangible fixed assets22/27 | €3k | €818 | €3k | €1k | €2k | ▲ 103% |
| Furniture and vehicles24 | - | €818 | €3k | €1k | €2k | ▲ 103% |
| Financial fixed assets28 | €999.12M | €938.23M | €1.03B | €1.33B | €1.30B | ▼ 2.5% |
| Affiliated companies280/1 | - | €938.23M | €1.03B | €1.33B | €1.30B | ▼ 2.5% |
| Participating interests280 | - | €879.58M | €951.11M | €1.22B | €1.22B | ▲ 0.5% |
| Amounts receivable281 | - | €58.65M | €81.17M | €109.06M | €70.76M | ▼ 35.1% |
| Current assets29/58 | €16.46M | €99.30M | €46.65M | €5.26M | €59.71M | ▲ 1,035% |
| Amounts receivable within one year40/41 | €15.31M | €97.12M | €44.85M | €492k | €54.78M | ▲ 11,033% |
| Other amounts receivable41 | - | €97.12M | €44.85M | €492k | €54.78M | ▲ 11,033% |
| Current investments50/53 | - | - | - | €4.25M | €4.70M | ▲ 10.6% |
| Other investments51/53 | - | - | - | €4.25M | €4.70M | ▲ 10.6% |
| Cash at bank and in hand54/58 | €1.14M | €2.17M | €1.80M | €518k | €220k | ▼ 57.6% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €2k | €11k | ▲ 389% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.02B | €1.04B | €1.08B | €1.33B | €1.35B | ▲ 1.6% |
| Equity10/15 | €1.01B | €1.02B | €1.06B | €1.31B | €1.33B | ▲ 1.5% |
| Contributions10/11 | €874.68M | €874.68M | €874.68M | €1.13B | €1.13B | = |
| Capital10 | - | €874.68M | €874.68M | €1.13B | €1.13B | = |
| Issued capital100 | - | €874.68M | €874.68M | €1.13B | €1.13B | = |
| Reserves13 | €8.33M | €10.46M | €13.53M | €14.54M | €16.64M | ▲ 14.5% |
| Non-distributable reserves130/1 | - | €10.46M | €13.53M | €14.54M | €16.64M | ▲ 14.5% |
| Legal reserve130 | - | €10.46M | €13.53M | €14.54M | €16.64M | ▲ 14.5% |
| Profit (loss) carried forward14 | €131.02M | €130.96M | €168.82M | €167.63M | €185.13M | ▲ 10.4% |
| Amounts payable17/49 | €1.56M | €21.43M | €21.91M | €21.63M | €23.79M | ▲ 10.0% |
| Amounts payable within one year42/48 | €1.39M | €21.27M | €21.75M | €21.47M | €23.66M | ▲ 10.2% |
| Trade debts44 | €578k | €57k | €165k | €67k | €110k | ▲ 65.2% |
| Suppliers440/4 | - | €57k | €165k | €67k | €110k | ▲ 65.2% |
| Taxes, remuneration and social security45 | - | €584k | €739k | €482k | €610k | ▲ 26.6% |
| Taxes450/3 | - | €76k | €165k | €102k | €176k | ▲ 71.6% |
| Remuneration and social security454/9 | - | €507k | €574k | €380k | €435k | ▲ 14.5% |
| Other amounts payable47/48 | - | €20.63M | €20.85M | €20.92M | €22.94M | ▲ 9.7% |
| Accrued charges and deferred income492/3 | - | €167k | €160k | €160k | €127k | ▼ 20.9% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22.20M | €36.11M | €61.31M | €20.27M | €42.04M | ▲ 107% |
| + Depreciation and write-downs630 | €6k | €3k | €2k | €3k | €5k | ▲ 79.3% |
| Operating cash flow (approximation) | €22.21M | €36.12M | €61.32M | €20.27M | €42.05M | ▲ 107% |
| Investment in fixed assets (approximation) | - | - | €-94.06M | €-295.54M | €32.67M | ▲ 111% |
| Change in cash | - | - | €-375k | €-1.28M | €-299k | ▲ 76.6% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 10current ratio 2.52
Current ratio from 0.25 to 2.52.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
31-12
Financial
Highest result since 2018net €61.31M ▲69.8%
Net result €61.31M, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 1 day late
2020
31-12
Financial
Equity above €1000MEq €1.01B ▲2.2%
2 profitable years in a row build equity to €1.01B.
2019
31-12
Financial
Back to profitnet €60.45M
Net result €60.45M after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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
25 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, Elsene · 1 establishment unit since 2012
Ground area
4,093 m²
Building footprint
4,090 m²
Volume, LiDAR
95,656 m³
Parcel 21443C0149/00M000, Brussels · tallest building 46.8 m, ±8 floors. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
Verlinvest Group SA
since 20122.210.847.358
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0149/00M000 | Brussels | 4,093 m² | 1 · 4,090 m² | 46.8 m · 8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Heads the group
VERLINVEST GROUP
7 companies
Group, risk and exposure
Connections & network
No current directors or connected companies found in the register.
Ownership & control
6 subsidiaries, 3 abroadVERLINVEST GROUPBE 0846.589.472
controls
Where this company holds controlsubsidiary per the LEI register6
Ixelles
Groot-Bijgaarde · indirect
Elsene · indirect
Verlinvest Asia (HK) Limited
Eastern District, Hong Kong · indirect
VERLINVEST ASIA PTE. LTD.
Singapore, Singapore · indirect
VERLINVEST INDIA INVESTMENT ADVISOR PRIVATE LIMITED
Mumbai, India · indirect
Recognitions · licences · registrations
Legal Entity Identifier
549300Y8O1GUCZIAIP66
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,772. 332 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
Founded14-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.