VERVODEV
ActiveSummary
VERVODEV has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €-39k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+3
Solvency44▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.49 in 2024; short-term debt: 80.6% and cash: 0.7% of total assets), and 80.6% 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 · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
19.4%
Return on assets
-0.7%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-39k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
46 d early
2022
37 d early
2021
43 d early
2020
24 d early
2019
41 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.01M▼ 3.7%
2024 · €1.05M
2018: €1.58Mhighest in 8 years
2019: €1.57M▼ -1.0% vs 2018
2020: €1.55M▼ -0.9% vs 2019
2021: €1.53M▼ -1.1% vs 2020
2022: €1.52M▼ -1.1% vs 2021
2023: €1.20M▼ -20.9% vs 2022
2024: €1.05M▼ -12.6% vs 2023
2025: €1.01M▼ -3.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€5.21M▲ 2.3%
2024 · €5.09M
2018: €1.58M
2019: €1.57M▼ -1.0% vs 2018
2020: €1.55M▼ -0.8% vs 2019
2021: €1.54M▼ -1.0% vs 2020
2022: €1.52M▼ -1.2% vs 2021lowest in 8 years
2023: €5.24M▲ +245% vs 2022highest in 8 years
2024: €5.09M▼ -2.8% vs 2023
2025: €5.21M▲ +2.3% vs 2024
2018 → 2025
Net result
€-39k▲ 74.3%
2024 · €-151k
2018: €-4khighest in 8 years
2019: €-15k▼ -304% vs 2018
2020: €-13k▲ +13.3% vs 2019
2021: €-18k▼ -31.3% vs 2020
2022: €-17k▲ +4.7% vs 2021
2023: €-317k▼ -1789% vs 2022lowest in 8 years
2024: €-151k▲ +52.3% vs 2023
2025: €-39k▲ +74.3% vs 2024
2018 → 2025
Working capital
€-2.96M▼ 42.8%
2024 · €-2.07M
2018: €487khighest in 8 years
2019: €434k▼ -10.9% vs 2018
2020: €433k▼ -0.2% vs 2019
2021: €429k▼ -1.1% vs 2020
2022: €220k▼ -48.6% vs 2021
2023: €-1.93M▼ -975% vs 2022
2024: €-2.07M▼ -7.4% vs 2023
2025: €-2.96M▼ -42.8% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.53M-€1.52M▼ 1.1%€1.20M▼ 20.9%€1.05M▼ 12.6%€1.01M▼ 3.7%
2021: €1.53Mhighest in 5 years
2022: €1.52M▼ -1.1% vs 2021
2023: €1.20M▼ -20.9% vs 2022
2024: €1.05M▼ -12.6% vs 2023
2025: €1.01M▼ -3.7% vs 2024lowest in 5 years
Operating result€-17k-€-19k▼ 5.8%€-319k▼ 1,623%€-224k▲ 29.6%€-74k▲ 67.1%
2021: €-17khighest in 5 years
2022: €-19k▼ -5.8% vs 2021
2023: €-319k▼ -1623% vs 2022lowest in 5 years
2024: €-224k▲ +29.6% vs 2023
2025: €-74k▲ +67.1% vs 2024
Net result€-18k-€-17k▲ 4.7%€-317k▼ 1,789%€-151k▲ 52.3%€-39k▲ 74.3%
2021: €-18k
2022: €-17k▲ +4.7% vs 2021highest in 5 years
2023: €-317k▼ -1789% vs 2022lowest in 5 years
2024: €-151k▲ +52.3% vs 2023
2025: €-39k▲ +74.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2025 against €224k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.21M
Fixed assets
€3.97M ▲ 27.2%
Current assets
€1.24M ▼ 37.0%
Equity and liabilities €5.21M
Equity
€1.01M ▼ 3.7%
Debt
€4.20M ▲ 3.9%
Debt's share of the balance-sheet total rises from 79.4% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▲
2024 · €-164k
Cash flow
€21k▲
2024 · €-91k
Current ratio
0.30▼
2024 · 0.49
Debt to equity
4.16▲
2024 · 3.85
ROE
-3.9%▲
2024 · -14.4%
ROA
-0.7%▲
2024 · -3.0%
Interest coverage
-99.50▲
2024 · -1430.12
Debt ≤ 1 year
€4.20M▲
2024 · €4.04M
Staff costs
€30k▲
2024 · €7k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.09M€5.21M▲
Fixed assets21/28€3.12M€3.97M▲
Tangible fixed assets22/27€3.12M€3.97M▲
Land and buildings22€3.03M€2.98M▼
Furniture and vehicles24€35k€25k▼
Assets under construction and advance payments27€51k€959k▲
Current assets29/58€1.97M€1.24M▼
Amounts receivable within one year40/41€72k€101k▲
Trade receivables40€150€150=
Other amounts receivable41€72k€101k▲
Current investments50/53€1.87M€1.10M▼
Cash at bank and in hand54/58€31k€34k▲
Deferred charges and accrued income490/1€883€9k▲
Equity and liabilities
Total equity and liabilities10/49€5.09M€5.21M▲
Equity10/15€1.05M€1.01M▼
Contributions10/11€1.45M€1.45M=
Capital10€1.45M€1.45M=
Issued capital100€1.45M€1.45M=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€-413k€-452k▼
Amounts payable17/49€4.04M€4.20M▲
Amounts payable within one year42/48€4.04M€4.20M▲
Trade debts44€1k€157k▲
Suppliers440/4€1k€157k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€53-
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€4.04M€4.04M=
Income statement
Code20242025
Remuneration, social security and pensions62€7k€30k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€60k=
Other operating charges640/8€6k€5k▼
Gross operating margin9900€-150k€21k▲
Operating profit (loss)9901€-224k€-74k▲
Financial income75/76B€73k€35k▼
Recurring financial income75€73k€35k▼
Financial charges65/66B€115€135▲
Recurring financial charges65€115€135▲
Profit (loss) for the period before taxes9903€-151k€-39k▲
Profit (loss) for the period9904€-151k€-39k▲
Profit (loss) for the period to be appropriated9905€-151k€-39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-413k€-452k▼
Profit (loss) brought forward from the previous period14P€-262k€-413k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7k | €30k | ▲ 300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €9k | €265k | €60k | €60k | = |
| Other operating charges640/8 | - | €1k | €5k | €6k | €5k | ▼ 22.4% |
| Gross operating margin9900 | €-4k | €-9k | €-49k | €-150k | €21k | ▲ 114% |
| Operating profit (loss)9901 | €-17k | €-19k | €-319k | €-224k | €-74k | ▲ 67.1% |
| Financial income75/76B | - | €2k | €2k | €73k | €35k | ▼ 52.1% |
| Recurring financial income75 | €0 | €2k | €2k | €73k | €35k | ▼ 52.1% |
| Financial charges65/66B | - | €150 | €86 | €115 | €135 | ▲ 18.1% |
| Recurring financial charges65 | €122 | €150 | €86 | €115 | €135 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €-18k | €-17k | €-317k | €-151k | €-39k | ▲ 74.3% |
| Profit (loss) for the period9904 | €-18k | €-17k | €-317k | €-151k | €-39k | ▲ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €-17k | €-317k | €-151k | €-39k | ▲ 74.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.54M | €1.52M | €5.24M | €5.09M | €5.21M | ▲ 2.3% |
| Fixed assets21/28 | €1.11M | €1.30M | €3.13M | €3.12M | €3.97M | ▲ 27.2% |
| Tangible fixed assets22/27 | €1.11M | €1.30M | €3.13M | €3.12M | €3.97M | ▲ 27.2% |
| Land and buildings22 | - | €1.09M | €3.08M | €3.03M | €2.98M | ▼ 1.7% |
| Plant, machinery and equipment23 | - | €6k | - | - | - | - |
| Furniture and vehicles24 | - | - | €44k | €35k | €25k | ▼ 27.1% |
| Assets under construction and advance payments27 | - | €200k | - | €51k | €959k | ▲ 1,789% |
| Current assets29/58 | €431k | €221k | €2.11M | €1.97M | €1.24M | ▼ 37.0% |
| Amounts receivable within one year40/41 | €150 | €150 | €30k | €72k | €101k | ▲ 40.5% |
| Trade receivables40 | - | €150 | €14k | €150 | €150 | = |
| Other amounts receivable41 | - | - | €17k | €72k | €101k | ▲ 40.6% |
| Current investments50/53 | - | - | €2.00M | €1.87M | €1.10M | ▼ 41.3% |
| Cash at bank and in hand54/58 | €431k | €221k | €75k | €31k | €34k | ▲ 9.7% |
| Deferred charges and accrued income490/1 | - | €314 | €3k | €883 | €9k | ▲ 895% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.54M | €1.52M | €5.24M | €5.09M | €5.21M | ▲ 2.3% |
| Equity10/15 | €1.53M | €1.52M | €1.20M | €1.05M | €1.01M | ▼ 3.7% |
| Contributions10/11 | €1.45M | €1.45M | €1.45M | €1.45M | €1.45M | = |
| Capital10 | - | €1.45M | €1.45M | €1.45M | €1.45M | = |
| Issued capital100 | - | €1.45M | €1.45M | €1.45M | €1.45M | = |
| Reserves13 | €7k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €75k | €55k | €-262k | €-413k | €-452k | ▼ 9.4% |
| Amounts payable17/49 | €2k | €868 | €4.04M | €4.04M | €4.20M | ▲ 3.9% |
| Amounts payable within one year42/48 | €2k | €868 | €4.04M | €4.04M | €4.20M | ▲ 3.9% |
| Trade debts44 | €2k | €868 | €4k | €1k | €157k | ▲ 12,768% |
| Suppliers440/4 | - | €868 | €4k | €1k | €157k | ▲ 12,768% |
| Taxes, remuneration and social security45 | - | - | - | €1k | €2k | ▲ 64.0% |
| Taxes450/3 | - | - | - | €53 | - | - |
| Remuneration and social security454/9 | - | - | - | €1k | €2k | ▲ 71.3% |
| Other amounts payable47/48 | - | - | €4.03M | €4.04M | €4.04M | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-17k | €-317k | €-151k | €-39k | ▲ 74.3% |
| + Depreciation and write-downs630 | €13k | €9k | €265k | €60k | €60k | = |
| Operating cash flow (approximation) | €-5k | €-8k | €-52k | €-91k | €21k | ▲ 124% |
| Investment in fixed assets (approximation) | - | €-200k | €-2.10M | €-51k | €-908k | ▼ 1,689% |
| Change in cash | - | €-210k | €-145k | €-44k | €3k | ▲ 107% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-317k
Net result drops to €-317k, the lowest in the series; recovery starts the following year.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Pieters-Woluwe · 1 establishment unit since 2007
Ground area
130 m²
Building footprint
131 m²
Volume, LiDAR
1,516 m³
Parcel 21683D0233/00X002, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Vervodev
since 20072.161.409.923
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0233/00X002 | Brussels | 130 m² | 1 · 131 m² | 18.5 m · 5 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.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 786 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
Founded22-03-2007
Fiscal year end30-09
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
82990Other business support services
81100Combined facilities support activities
Contact
Phone
0475/712445Sint-Pieters-Woluwe
Scores and ratios are computed by Checked and are not a credit decision.