VERLING
ActiveVERLING has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.31M and a net result of €390k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 33% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+1
Solvency46=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.22 in 2024; short-term debt: 1.3% and cash: 0% of total assets), and 79.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.7%
Return on assets
0.1%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
5 d late
2023
7 d early
2022
17 d late
2021
25 d early
2020
26 d early
2019
27 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€390k▲ 72.0%
2024 · €227k
2018: €161k
2020: €66k
2021: €-21k
2022: €-99k
2023: €349k
2024: €227k
2018 → 2025
Working capital
€-2.86M▲ 28.8%
2024 · €-4.01M
2018: €-226.96M
2020: €-225.63M
2021: €-223.53M
2022: €-212.37M
2023: €845k
2024: €-4.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61.46M-€61.35M▼ 0.2%€61.70M▲ 0.6%€61.92M▲ 0.4%€62.31M▲ 0.6%
Operating result€1.31M-€900k▼ 31.6%€1.68M▲ 86.4%€1.67M▼ 0.3%€1.89M▲ 13.2%
Net result€-21k-€-99k▼ 373%€349k€227k▼ 35.0%€390k▲ 72.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €300.62M
Fixed assets
€299.58M▼ 0.2%
Current assets
€1.04M▼ 7.5%
Equity and liabilities €300.62M
Equity
€62.31M▲ 0.6%
Provisions
€590k▼ 7.1%
Debt
€237.72M▼ 0.5%
The debt ratio falls from 79.2% to 79.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.63M▲
2024 · €2.45M
Cash flow
€1.13M▲
2024 · €1.01M
Solvency
20.7%▲
2024 · 20.5%
Current ratio
0.27▲
2024 · 0.22
Quick ratio
0.27▲
2024 · 0.22
Debt / equity
3.82▼
2024 · 3.86
ROE
0.6%▲
2024 · 0.4%
ROA
0.1%▲
2024 · 0.1%
Interest coverage
1.36▲
2024 · 1.18
Debt
€237.72M▼
2024 · €238.88M
Debt ≤ 1 year
€3.90M▼
2024 · €5.14M
Debt > 1 year
€232.30M▼
2024 · €232.65M
Income taxes
€175k▲
2024 · €121k
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
Assets
Total assets20/58€301.44M€300.62M▼
Fixed assets21/28€300.31M€299.58M▼
Tangible fixed assets22/27€10.41M€9.68M▼
Land and buildings22€10.41M€9.68M▼
Financial fixed assets28€289.90M€289.90M=
Current assets29/58€1.12M€1.04M▼
Amounts receivable within one year40/41€457k€400k▼
Trade receivables40€457k€400k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€214€112▼
Deferred charges and accrued income490/1€667k€640k▼
Equity and liabilities
Total equity and liabilities10/49€301.44M€300.62M▼
Equity10/15€61.92M€62.31M▲
Contributions10/11€34.28M€34.28M=
Capital10€34.28M€34.28M=
Issued capital100€34.28M€34.28M=
Reserves13€2.70M€2.61M▼
Non-distributable reserves130/1€698k€743k▲
Legal reserve130€698k€743k▲
Tax-exempt reserves132€1.90M€1.77M▼
Distributable reserves133€93k€93k=
Profit (loss) carried forward14€24.93M€25.41M▲
Investment grants15€16k€10k▼
Provisions and deferred taxes16€635k€590k▼
Deferred taxes168€635k€590k▼
Amounts payable17/49€238.88M€237.72M▼
Amounts payable after more than one year17€232.65M€232.30M▼
Financial debts170/4€232.65M€232.30M▼
Amounts payable within one year42/48€5.14M€3.90M▼
Current portion of amounts payable after more than one year42€1.30M€1.51M▲
Trade debts44€184k€258k▲
Suppliers440/4€184k€258k▲
Advances received on contracts in progress46€144k€7k▼
Taxes, remuneration and social security45€4k€25k▲
Taxes450/3€4k€25k▲
Other amounts payable47/48€3.51M€2.10M▼
Accrued charges and deferred income492/3€1.09M€1.53M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€779k€736k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€23k
Other operating charges640/8€205k€208k▲
Gross operating margin9900€2.66M€2.86M▲
Operating profit (loss)9901€1.67M€1.89M▲
Financial income75/76B€708k€564k▼
Recurring financial income75€708k€564k▼
Financial charges65/66B€2.08M€1.94M▼
Recurring financial charges65€2.08M€1.94M▼
Profit (loss) for the period before taxes9903€302k€520k▲
Transfer from deferred taxes780€45k€45k=
Income taxes67/77€121k€175k▲
Profit (loss) for the period9904€227k€390k▲
Transfer from tax-exempt reserves789€134k€134k=
Profit (loss) for the period to be appropriated9905€361k€524k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24.93M€25.46M▲
Profit (loss) brought forward from the previous period14P€24.57M€24.93M▲
Transfer to equity691/2€0€44k▲
To the legal reserve6920€0€44k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative4 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative4 facts ▸
- General meeting, 11 juni 2026
- Director appointment, ATHELEAN (bestuurder)
- Permanent representative, Frank Van Leemput
- Mandate compensation, ATHELEAN
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €390k ▲72%
Operating result €1.89M, net result €390k, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €349k
Net result €349k after 2 loss-making years.
31-12
Financial
Liquidity times 36current ratio 1.40
Current ratio from 0.04 to 1.40; short-term debt falls from €220.95M to €2.09M.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €-99k
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
ATHELEAN
CurrentDirector · since 11-06-2026 · Public limited company · perm. rep.: Frank Van Leemput
11-06-2026
Appointed as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wolvengracht 181000 BrusselGround area
1,057 m²
Building footprint
221 m²
Volume, LiDAR
4,541 m³
2 parcels, Brussels, Flanders · tallest building 27.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
VERLING
since 20022.048.997.514
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0372/00A000 | Brussels | 811 m² | 1 · 146 m² | 27.9 m · 9 fl. |
| 12007A0280/00M000 | Flanders | 246 m² | 1 · 76 m² | 12.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
11 connected companiesNetwork connections
Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 7 more network connections
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Ownership & control
1 partyControl over this companysits on this company's board1
12 subsidiaries · 1 location
controls
VERLINGBE 0437.653.706
Recognitions · licences · registrations
Legal Entity Identifier
8755007YA4NGXXR1M609
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Of 9,134 companies in sector 68201 we hold annual accounts for 6,763. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-06-1989
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.