Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VERTICAL DIVER from Modave, company number BE0831520919, closed financial year 2025 with a result of € -24,578 after tax. For that financial year VERTICAL DIVER recorded a gross margin of € -22,335 and equity of € 5,883. Compared with financial year 2024, the result moved from € -9,673 to € -24,578. The company made a loss. The buffer shrank hard: equity is 81 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 5,883
▼ 81% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,578
▼ 154 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,119
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16,117.
People and assets in 2025
€ 2,974
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 699,852
▲ € 661,221 vs 2024
€ 7,825 is repaid this year. At this pace the long-term loan is gone in ≈ 89 years.
€ 173,240
▲ € 167,943 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,470
▲ 31% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,731 | € 4,750 | € 3,636 | € -22,335 | ▼ € 25,971 |
| Profit after taxes | € 27,648 | € -4,411 | € -9,673 | € -24,578 | ▼ € 14,905 |
| Equity | € 44,545 | € 40,134 | € 30,461 | € 5,883 | ▼ 81% |
| Total debts | € 15,378 | € 20,615 | € 53,448 | € 885,562 | ▲ € 832,114 |
| Cash | € 8,344 | € 15,211 | € 8,177 | € 6,119 | ▼ 25% |
| Retained profit | € 22,545 | € 18,134 | € 8,461 | € -16,117 | ▼ € 24,578 |
| Bank debt | € 0 | € 4,610 | € 38,631 | € 699,852 | ▲ € 661,221 |
| Balance sheet total | € 59,923 | € 60,749 | € 83,909 | € 891,445 | ▲ € 807,536 |
Key figures of VERTICAL DIVER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VERTICAL DIVER?
What happened at VERTICAL DIVER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 24,578. filed late Source: NBB ↗
- New establishment in Manhay. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,648 profit in 2022 to € 24,578 loss in 2025.
Paid € 7,629 in corporate taxes since 2022.
Best year ever: 2022, with € 27,648 profit.
Establishments
Establishment units
Physical locations of this company
Rue Rausa 20
4577 Modave
Rue de Sa del Haye, Fays 20
6960 Manhay
Active since 1 January 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0831.520.919
- VAT number
- BE 0831.520.919
- Registered office
- Rue Rausa 20, 4577 Modave
- Names & denominations
- VERTICAL DIVER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2010
- Peppol
- Active · Active since 9 Feb 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Restaureren van bouwwerken
Bouwrijp maken van terreinen
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Bouw van boven- en ondergrondse spoorwegen
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