VERTU
ActiveSummary
VERTU has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 24% of 705 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▼-1
Solvency38▼-1
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.48 against 0.52 in 2023; short-term debt: 86.9% and cash: 14.3% of total assets), and 86.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 · 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 2024Solvency, return and age of the figures
Solvency
13.1%
Return on assets
8.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 705 sector peers (2024).
NBB · sector comparisonPosition among 705 sector peers
Solvency
better than 24%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
26 d late
2022
34 d early
2021
31 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€13k▲ 196%
2023 · €4k
2018: €5k
2019: €4k▼ -23.9% vs 2018
2020: €3k▼ -25.1% vs 2019
2021: €4k▲ +35.9% vs 2020
2022: €1k▼ -67.4% vs 2021lowest in 7 years
2023: €4k▲ +223% vs 2022
2024: €13k▲ +196% vs 2023highest in 7 years
2018 → 2024
Total assets
€98k▲ 213%
2023 · €31k
2018: €9k
2019: €7k▼ -17.9% vs 2018
2020: €6k▼ -19.3% vs 2019
2021: €5k▼ -17.0% vs 2020lowest in 7 years
2022: €6k▲ +25.9% vs 2021
2023: €31k▲ +428% vs 2022
2024: €98k▲ +213% vs 2023highest in 7 years
2018 → 2024
Net result
€9k▲ 184%
2023 · €3k
2018: €-2k
2019: €-1k▲ +37.7% vs 2018
2020: €-1k▲ +20.0% vs 2019
2021: €1k▲ +207% vs 2020
2022: €-3k▼ -355% vs 2021lowest in 7 years
2023: €3k▲ +208% vs 2022
2024: €9k▲ +184% vs 2023highest in 7 years
2018 → 2024
Working capital
€-44k▼ 242%
2023 · €-13k
2018: €5khighest in 7 years
2019: €4k▼ -15.9% vs 2018
2020: €3k▼ -25.1% vs 2019
2021: €4k▲ +35.9% vs 2020
2022: €1k▼ -67.4% vs 2021
2023: €-13k▼ -1059% vs 2022
2024: €-44k▼ -242% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3k-€4k▲ 35.9%€1k▼ 67.4%€4k▲ 223%€13k▲ 196%
2020: €3k
2021: €4k▲ +35.9% vs 2020
2022: €1k▼ -67.4% vs 2021lowest in 5 years
2023: €4k▲ +223% vs 2022
2024: €13k▲ +196% vs 2023highest in 5 years
Operating result€-870-€1k€-3k€3k€9k▲ 178%
2020: €-870
2021: €1k▲ +243% vs 2020
2022: €-3k▼ -309% vs 2021lowest in 5 years
2023: €3k▲ +224% vs 2022
2024: €9k▲ +178% vs 2023highest in 5 years
Net result€-1k-€1k€-3k€3k€9k▲ 184%
2020: €-1k
2021: €1k▲ +207% vs 2020
2022: €-3k▼ -355% vs 2021lowest in 5 years
2023: €3k▲ +208% vs 2022
2024: €9k▲ +184% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 178% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €98k
Fixed assets
€57k ▲ 231%
Current assets
€41k ▲ 192%
Equity and liabilities €98k
Equity
€13k ▲ 196%
Debt
€85k ▲ 216%
Debt's share of the balance-sheet total rises from 86.1% to 86.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2023 · €6k
Cash flow
€19k▲
2023 · €6k
Current ratio
0.48▼
2023 · 0.52
Quick ratio
0.26▼
2023 · 0.52
Debt to equity
6.64▲
2023 · 6.22
ROE
66.2%▼
2023 · 69.1%
ROA
8.7%▼
2023 · 9.6%
Interest coverage
44.14▲
2023 · 27.37
Debt ≤ 1 year
€85k▲
2023 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€31k€98k▲
Fixed assets21/28€17k€57k▲
Intangible fixed assets21€17k€49k▲
Tangible fixed assets22/27-€8k
Plant, machinery and equipment23-€8k
Current assets29/58€14k€41k▲
Stocks and contracts in progress3-€19k
Stocks30/36-€19k
Amounts receivable within one year40/41€10k€4k▼
Trade receivables40-€961
Other amounts receivable41€10k€3k▼
Cash at bank and in hand54/58€4k€14k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€31k€98k▲
Equity10/15€4k€13k▲
Contributions10/11€15k€15k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-13k€-4k▲
Amounts payable17/49€27k€85k▲
Amounts payable within one year42/48€27k€85k▲
Trade debts44€8k€44k▲
Suppliers440/4€8k€44k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€17k€42k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Gross operating margin9900€6k€19k▲
Operating profit (loss)9901€3k€9k▲
Financial charges65/66B€223€437▲
Recurring financial charges65€223€437▲
Profit (loss) for the period before taxes9903€3k€9k▲
Profit (loss) for the period9904€3k€9k▲
Profit (loss) for the period to be appropriated9905€3k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-4k▲
Profit (loss) brought forward from the previous period14P€-16k€-13k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €3k | €10k | ▲ 259% |
| Gross operating margin9900 | €-870 | €1k | €-3k | €6k | €19k | ▲ 216% |
| Operating profit (loss)9901 | €-870 | €1k | €-3k | €3k | €9k | ▲ 178% |
| Financial charges65/66B | - | €153 | €180 | €223 | €437 | ▲ 96.1% |
| Recurring financial charges65 | €148 | €153 | €180 | €223 | €437 | ▲ 96.1% |
| Profit (loss) for the period before taxes9903 | €-1k | €1k | €-3k | €3k | €9k | ▲ 184% |
| Profit (loss) for the period9904 | €-1k | €1k | €-3k | €3k | €9k | ▲ 184% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €1k | €-3k | €3k | €9k | ▲ 184% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6k | €5k | €6k | €31k | €98k | ▲ 213% |
| Fixed assets21/28 | - | - | - | €17k | €57k | ▲ 231% |
| Intangible fixed assets21 | - | - | - | €17k | €49k | ▲ 183% |
| Tangible fixed assets22/27 | - | - | - | - | €8k | - |
| Plant, machinery and equipment23 | - | - | - | - | €8k | - |
| Current assets29/58 | €6k | €5k | €6k | €14k | €41k | ▲ 192% |
| Stocks and contracts in progress3 | - | - | - | - | €19k | - |
| Stocks30/36 | - | - | - | - | €19k | - |
| Amounts receivable within one year40/41 | - | - | - | €10k | €4k | ▼ 56.0% |
| Trade receivables40 | - | - | - | - | €961 | - |
| Other amounts receivable41 | - | - | - | €10k | €3k | ▼ 65.6% |
| Cash at bank and in hand54/58 | €6k | €5k | €6k | €4k | €14k | ▲ 245% |
| Deferred charges and accrued income490/1 | - | - | - | - | €4k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6k | €5k | €6k | €31k | €98k | ▲ 213% |
| Equity10/15 | €3k | €4k | €1k | €4k | €13k | ▲ 196% |
| Contributions10/11 | - | €15k | €15k | €15k | €15k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-14k | €-13k | €-16k | €-13k | €-4k | ▲ 67.1% |
| Amounts payable17/49 | €3k | €590 | €5k | €27k | €85k | ▲ 216% |
| Amounts payable within one year42/48 | €3k | €590 | €5k | €27k | €85k | ▲ 216% |
| Trade debts44 | - | - | €605 | €8k | €44k | ▲ 433% |
| Suppliers440/4 | - | - | €605 | €8k | €44k | ▲ 433% |
| Taxes, remuneration and social security45 | - | - | - | €1k | - | - |
| Taxes450/3 | - | - | - | €1k | - | - |
| Other amounts payable47/48 | - | €590 | €4k | €17k | €42k | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €1k | €-3k | €3k | €9k | ▲ 184% |
| + Depreciation and write-downs630 | - | - | - | €3k | €10k | ▲ 259% |
| Operating cash flow (approximation) | €-1k | €1k | €-3k | €6k | €19k | ▲ 221% |
| Investment in fixed assets (approximation) | - | - | - | - | €-50k | - |
| Change in cash | - | €-966 | €1k | €-2k | €10k | ▲ 640% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €9k ▲184%
Operating result €9k, net result €9k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 7.99
Current ratio from 2.15 to 7.99; short-term debt falls from €3k to €590.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
Show earlier events
2018
04-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 35 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Couvin · 1 establishment unit since 2006
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.
Rue Alphonse-Thomas, B.-en-F. 115660 Couvin1 establishment unit
VERTU
since 20062.178.169.543
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Of 1,599 companies in sector 16230 we hold annual accounts for 784. 391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
47521Retail sale of hardware, building materials, paint and glass (general range)
47761Retail sale of flowers, plants, seeds and fertilisers
Contact
Website
www.vertu-protect.com/
E-mail
assistance@vertu-protect.com
Scores and ratios are computed by Checked and are not a credit decision.