VERWILST
ActiveSummary
VERWILST has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €900k and a net result of €104k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+15
Solvency89▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.64 in 2024; short-term debt: 25.7% and cash: 19.1% of total assets), and 36.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.8%
Return on assets
7.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
1 d early
2022
2 d late
2021
31 d early
2020
1 d early
2019
24 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€900k▲ 1.6%
2024 · €885k
2019: €684klowest in 7 years
2020: €774k▲ +13.1% vs 2019
2021: €790k▲ +2.1% vs 2020
2022: €797k▲ +1.0% vs 2021
2023: €826k▲ +3.6% vs 2022
2024: €885k▲ +7.2% vs 2023
2025: €900k▲ +1.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.41M▲ 4.8%
2024 · €1.35M
2019: €1.07Mlowest in 7 years
2020: €1.12M▲ +5.0% vs 2019
2021: €1.15M▲ +2.8% vs 2020
2022: €1.48M▲ +28.2% vs 2021highest in 7 years
2023: €1.35M▼ -8.6% vs 2022
2024: €1.35M▼ -0.2% vs 2023
2025: €1.41M▲ +4.8% vs 2024
2019 → 2025
Net result
€104k▼ 25.0%
2024 · €139k
2019: €88klowest in 7 years
2020: €97k▲ +10.4% vs 2019
2021: €101k▲ +3.6% vs 2020
2022: €135k▲ +34.1% vs 2021
2023: €118k▼ -12.8% vs 2022
2024: €139k▲ +17.8% vs 2023highest in 7 years
2025: €104k▼ -25.0% vs 2024
2019 → 2025
Working capital
€592k▼ 7.0%
2024 · €636k
2019: €564klowest in 7 years
2020: €630k▲ +11.7% vs 2019
2021: €608k▼ -3.5% vs 2020
2022: €578k▼ -4.9% vs 2021
2023: €586k▲ +1.4% vs 2022
2024: €636k▲ +8.6% vs 2023highest in 7 years
2025: €592k▼ -7.0% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€790k-€797k▲ 1.0%€826k▲ 3.6%€885k▲ 7.2%€900k▲ 1.6%
2021: €790klowest in 5 years
2022: €797k▲ +1.0% vs 2021
2023: €826k▲ +3.6% vs 2022
2024: €885k▲ +7.2% vs 2023
2025: €900k▲ +1.6% vs 2024highest in 5 years
Operating result€140k-€192k▲ 36.9%€185k▼ 3.7%€176k▼ 5.0%€148k▼ 16.0%
2021: €140klowest in 5 years
2022: €192k▲ +36.9% vs 2021highest in 5 years
2023: €185k▼ -3.7% vs 2022
2024: €176k▼ -5.0% vs 2023
2025: €148k▼ -16.0% vs 2024
Net result€101k-€135k▲ 34.1%€118k▼ 12.8%€139k▲ 17.8%€104k▼ 25.0%
2021: €101klowest in 5 years
2022: €135k▲ +34.1% vs 2021
2023: €118k▼ -12.8% vs 2022
2024: €139k▲ +17.8% vs 2023highest in 5 years
2025: €104k▼ -25.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€456k ▲ 41.5%
Current assets
€954k ▼ 6.8%
Equity and liabilities €1.41M
Equity
€900k ▲ 1.6%
Provisions
€8k ▼ 0.4%
Debt
€502k ▲ 11.1%
Debt's share of the balance-sheet total rises from 33.6% to 35.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€191k▼
2024 · €220k
Cash flow
€147k▼
2024 · €183k
Current ratio
2.63▼
2024 · 2.64
Quick ratio
2.47▲
2024 · 2.47
Debt to equity
0.56▲
2024 · 0.51
ROE
11.5%▼
2024 · 15.7%
ROA
7.4%▼
2024 · 10.3%
Interest coverage
27.19▲
2024 · -19.62
Debt ≤ 1 year
€362k▼
2024 · €387k
Debt > 1 year
€140k▲
2024 · €65k
Income taxes
€46k▼
2024 · €51k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.41M▲
Fixed assets21/28€322k€456k▲
Tangible fixed assets22/27€322k€456k▲
Land and buildings22€228k€221k▼
Plant, machinery and equipment23€1k€646▼
Furniture and vehicles24€93k€234k▲
Current assets29/58€1.02M€954k▼
Stocks and contracts in progress3€68k€57k▼
Stocks30/36€68k€57k▼
Amounts receivable within one year40/41€245k€257k▲
Trade receivables40€245k€227k▼
Other amounts receivable41-€30k
Current investments50/53€483k€370k▼
Cash at bank and in hand54/58€226k€269k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.41M▲
Equity10/15€885k€900k▲
Contributions10/11€238k€238k=
Reserves13€648k€662k▲
Tax-exempt reserves132€85k€85k▼
Distributable reserves133€563k€578k▲
Provisions and deferred taxes16€8k€8k▼
Deferred taxes168€8k€8k▼
Amounts payable17/49€452k€502k▲
Amounts payable after more than one year17€65k€140k▲
Financial debts170/4€65k€140k▲
Amounts payable within one year42/48€387k€362k▼
Current portion of amounts payable after more than one year42€54k€63k▲
Trade debts44€90k€111k▲
Suppliers440/4€90k€111k▲
Taxes, remuneration and social security45€30k€20k▼
Taxes450/3€30k€20k▼
Other amounts payable47/48€213k€169k▼
Income statement
Code20242025
Non-recurring operating income76A-€413
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€43k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€682-
Other operating charges640/8€11k€15k▲
Gross operating margin9900€232k€206k▼
Operating profit (loss)9901€176k€148k▼
Financial income75/76B€3k€9k▲
Recurring financial income75€3k€9k▲
Financial charges65/66B€-11k€7k▲
Recurring financial charges65€-11k€7k▲
Profit (loss) for the period before taxes9903€189k€150k▼
Transfer from deferred taxes780-€30
Income taxes67/77€51k€46k▼
Profit (loss) for the period9904€139k€104k▼
Transfer from tax-exempt reserves789-€90
Profit (loss) for the period to be appropriated9905€139k€104k▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€104k▼
Transfer from equity791/2€75k€89k▲
Transfer to equity691/2€135k€104k▼
To other reserves6921€135k€104k▼
Profit to be distributed694/7€79k€89k▲
Return on contributions (dividend)694€75k€89k▲
Directors or managers695€4k-
The notes to these accounts (18 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €31k | - | €413 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €45k | €47k | €45k | €43k | ▼ 2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3k | €682 | - | - |
| Other operating charges640/8 | - | €10k | €10k | €11k | €15k | ▲ 30.5% |
| Gross operating margin9900 | €193k | €247k | €245k | €232k | €206k | ▼ 11.5% |
| Operating profit (loss)9901 | €140k | €192k | €185k | €176k | €148k | ▼ 16.0% |
| Financial income75/76B | - | €2k | €2k | €3k | €9k | ▲ 257% |
| Recurring financial income75 | €849 | €2k | €2k | €3k | €9k | ▲ 257% |
| Financial charges65/66B | - | €13k | €20k | €-11k | €7k | ▲ 163% |
| Recurring financial charges65 | €5k | €13k | €20k | €-11k | €7k | ▲ 163% |
| Profit (loss) for the period before taxes9903 | €136k | €181k | €167k | €189k | €150k | ▼ 21.1% |
| Transfer from deferred taxes780 | - | - | - | - | €30 | - |
| Transfer to deferred taxes680 | - | - | €8k | - | - | - |
| Income taxes67/77 | €36k | €46k | €41k | €51k | €46k | ▼ 10.2% |
| Profit (loss) for the period9904 | €101k | €135k | €118k | €139k | €104k | ▼ 25.0% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €90 | - |
| Transfer to tax-exempt reserves689 | - | - | €23k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €101k | €135k | €94k | €139k | €104k | ▼ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.48M | €1.35M | €1.35M | €1.41M | ▲ 4.8% |
| Fixed assets21/28 | €314k | €413k | €367k | €322k | €456k | ▲ 41.5% |
| Tangible fixed assets22/27 | €314k | €413k | €367k | €322k | €456k | ▲ 41.5% |
| Land and buildings22 | - | €244k | €235k | €228k | €221k | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €2k | €1k | €1k | €646 | ▼ 37.8% |
| Furniture and vehicles24 | - | €167k | €130k | €93k | €234k | ▲ 151% |
| Current assets29/58 | €837k | €1.06M | €982k | €1.02M | €954k | ▼ 6.8% |
| Stocks and contracts in progress3 | €63k | €106k | €106k | €68k | €57k | ▼ 16.3% |
| Stocks30/36 | - | €106k | €106k | €68k | €57k | ▼ 16.3% |
| Amounts receivable within one year40/41 | €189k | €319k | €230k | €245k | €257k | ▲ 4.9% |
| Trade receivables40 | - | €294k | €230k | €245k | €227k | ▼ 7.4% |
| Other amounts receivable41 | - | €24k | - | - | €30k | - |
| Current investments50/53 | €101k | €292k | €276k | €483k | €370k | ▼ 23.3% |
| Cash at bank and in hand54/58 | €484k | €346k | €370k | €226k | €269k | ▲ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.48M | €1.35M | €1.35M | €1.41M | ▲ 4.8% |
| Equity10/15 | €790k | €797k | €826k | €885k | €900k | ▲ 1.6% |
| Contributions10/11 | - | €238k | €238k | €238k | €238k | = |
| Reserves13 | €552k | €559k | €588k | €648k | €662k | ▲ 2.2% |
| Non-distributable reserves130/1 | - | €24k | €24k | - | - | - |
| Reserves not available under the articles1311 | - | €24k | €24k | - | - | - |
| Tax-exempt reserves132 | - | €61k | €85k | €85k | €85k | ▼ 0.1% |
| Distributable reserves133 | - | €474k | €479k | €563k | €578k | ▲ 2.6% |
| Provisions and deferred taxes16 | - | - | €8k | €8k | €8k | ▼ 0.4% |
| Deferred taxes168 | - | - | €8k | €8k | €8k | ▼ 0.4% |
| Amounts payable17/49 | €361k | €679k | €515k | €452k | €502k | ▲ 11.1% |
| Amounts payable after more than one year17 | €133k | €194k | €119k | €65k | €140k | ▲ 114% |
| Financial debts170/4 | - | €194k | €119k | €65k | €140k | ▲ 114% |
| Amounts payable within one year42/48 | €229k | €485k | €396k | €387k | €362k | ▼ 6.3% |
| Current portion of amounts payable after more than one year42 | - | - | €74k | €54k | €63k | ▲ 16.3% |
| Financial debts43 | - | €81k | - | - | - | - |
| Credit institutions430/8 | - | €81k | - | - | - | - |
| Trade debts44 | €61k | €194k | €102k | €90k | €111k | ▲ 23.4% |
| Suppliers440/4 | - | €194k | €102k | €90k | €111k | ▲ 23.4% |
| Taxes, remuneration and social security45 | - | €47k | €25k | €30k | €20k | ▼ 33.8% |
| Taxes450/3 | - | €47k | €25k | €30k | €20k | ▼ 33.8% |
| Other amounts payable47/48 | - | €163k | €195k | €213k | €169k | ▼ 20.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €101k | €135k | €118k | €139k | €104k | ▼ 25.0% |
| + Depreciation and write-downs630 | €44k | €45k | €47k | €45k | €43k | ▼ 2.8% |
| Operating cash flow (approximation) | €145k | €180k | €165k | €183k | €147k | ▼ 19.6% |
| Investment in fixed assets (approximation) | - | €-144k | €-1k | €0 | €-177k | - |
| Change in cash | - | €-137k | €23k | €-143k | €43k | ▲ 130% |
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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €139k ▲17.8%
Net result €139k, the highest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Lievegem · 1 establishment unit since 2003
Ground area
2,208 m²
Building footprint
178 m²
Volume, LiDAR
749 m³
Parcel 44080F0793/00D000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hoetsel 58, 9930 Lievegem
since 20032.114.825.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44080F0793/00D000 | Flanders | 2,208 m² | 1 · 178 m² | 7.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,080 EUR awarded · 1,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 59 EUR | 59 EUR |
| 2024 | 1 | 909 EUR | 909 EUR |
| 2023 | 1 | 56 EUR | 56 EUR |
| 2022 | 1 | 56 EUR | 56 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLievegem2.114.825.474
Legal Entity Identifier
8945006E0VI7XSYPH177
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Of 689 companies in sector 46216 we hold annual accounts for 476. 397 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
Founded06-11-2002
Fiscal year end31-03
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.