ACTIVE

VERSUS

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Financial year 2025 · closed on 31/12/2025
Net result
4,3 k €
-94.7% YoY
Revenue
10,9 M €
+41.7% YoY
Equity
408,5 k €
+1.1% YoY
Workforce
7,6 ETP
+24.6% YoY

What does VERSUS do?

VERSUS is a Public limited company incorporated in 2016. Its main activity is: Freight transport by road. Its registered office is in Liège. It employs on average 7,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0651.798.527
Incorporation
11/04/2016
Legal form
Public limited company
Registered office
Rue de Renory 478
4031 Liège · WallonieSee on map
Contributed capital
62 500,00 €
Latest accounts
31/12/2025
Average workforce
7,6 ETP
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road52250Support activities for transportation52290Other transportation support activities
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Revenue10,9 M €7,7 M €7,3 M €6,8 M €6,3 M €5,5 M €5 M €6,5 M €5,2 M €1,9 M €
EBITDA11 k €89,9 k €-237,3 k €171,2 k €168,9 k €118,9 k €297,4 k €257,9 k €128,1 k €-111 k €
Operating result2,2 k €83,8 k €-262,7 k €154,6 k €153,8 k €105,5 k €286,9 k €250,5 k €120,8 k €-114,9 k €
Net result4,3 k €80,9 k €-244,4 k €71,3 k €105,2 k €48,5 k €220,1 k €169,6 k €106,9 k €-116,4 k €
Balance sheet
Equity408,5 k €404,2 k €423,3 k €667,8 k €596,5 k €491,3 k €442,7 k €222,6 k €53 k €-53,9 k €
Total assets1,9 M €2,2 M €1,6 M €1,5 M €1,7 M €1,2 M €910,6 k €1,8 M €2,4 M €1,3 M €
Cash123,5 k €91,6 k €189,7 k €370,5 k €61,8 k €166,6 k €130,5 k €78,1 k €300,7 k €293,2 k €
Debts1,5 M €1,7 M €1,2 M €841,8 k €1,1 M €694,3 k €467,6 k €1,6 M €2,4 M €1,4 M €
Other
Workforce7,6 ETP6,1 ETP6,9 ETP6,7 ETP5,3 ETP5,0 ETP4,8 ETP4,3 ETP4,0 ETP0,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Hélène BRAHAM

Director · since 22 avril 2022 · until 28 avril 2028

Active
NOVANDI

Director · since 22 avril 2022 · until 28 avril 2028 · 0500.615.416

Represented by Philippe PORTIER

Active
Vincent BRASSINNE

Managing director · since 22 avril 2022 · until 28 avril 2028

Active

Ended mandates

RED ANGEL MANAGEMENT

Managing director · since 22 avril 2022 · until 08 janvier 2024 · 0721.519.256

Represented by Olivier STEVENS

Ended
RED ANGEL MANAGEMENT

Managing director · since 22 avril 2022 · until 28 avril 2028 · 0721.519.256

Represented by Olivier STEVENS

Ended
NOVANDI

Director · since 03 avril 2020 · until 22 avril 2022 · 0500.615.416

Represented by Philippe PORTIER

Ended
Vincent BRASSINNE

Managing director · since 03 avril 2020 · until 22 avril 2022

Ended
At this address

Other companies at this address

CompanyCBE no.
ALINEAS SERVICES● Active
0739.929.262
ATRIUM NOVANDI● Active
0541.413.319
Société Industrielle de Renory● Active
0423.175.366
UNITE TVA RENORY● Active
0651.798.131
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202615/07/202502/07/202428/06/202323/06/202226/05/2021
General meeting24/06/202625/06/202526/06/202428/04/202322/04/202223/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202601/07/2026FrenchPDF
Full model31/12/202425/06/202515/07/2025FrenchPDF
Full model31/12/202326/06/202402/07/2024FrenchPDF
Full model31/12/202228/04/202328/06/2023FrenchPDF
Full model31/12/202122/04/202223/06/2022FrenchPDF
Full model31/12/202023/04/202126/05/2021FrenchPDF
Full model31/12/201924/04/202014/08/2020FrenchPDF
Full model31/12/201826/04/201931/07/2019FrenchPDF
Full model31/12/201727/04/201826/07/2018FrenchPDF
Full model31/12/201628/04/201704/08/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

Hélène BRAHAM

Director · since 22 avril 2022 · until 28 avril 2028

Active
NOVANDI

Director · since 22 avril 2022 · until 28 avril 2028 · 0500.615.416

Represented by Philippe PORTIER

Active
Vincent BRASSINNE

Managing director · since 22 avril 2022 · until 28 avril 2028

Active

Ended mandates

RED ANGEL MANAGEMENT

Managing director · since 22 avril 2022 · until 08 janvier 2024 · 0721.519.256

Represented by Olivier STEVENS

Ended
RED ANGEL MANAGEMENT

Managing director · since 22 avril 2022 · until 28 avril 2028 · 0721.519.256

Represented by Olivier STEVENS

Ended
NOVANDI

Director · since 03 avril 2020 · until 22 avril 2022 · 0500.615.416

Represented by Philippe PORTIER

Ended
Vincent BRASSINNE

Managing director · since 03 avril 2020 · until 22 avril 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other12/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates22/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/07/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/08/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/08/2017
    DEMISSIONS, NOMINATIONS
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20254,3 k €↓
  2. 2024
    Annual accounts 202480,9 k €↑
  3. 2023
    Annual accounts 2023-244,4 k €↓
  4. 2022
    Annual accounts 202271,3 k €↓
  5. 2021
    Annual accounts 2021105,2 k €↑
  6. 2020
    Annual accounts 202048,5 k €↓
  7. 2019
    Annual accounts 2019220,1 k €↑
  8. 2018
    Annual accounts 2018169,6 k €↑
  9. 2017
    Annual accounts 2017106,9 k €↑
  10. 2016
    Annual accounts 2016-116,4 k €
  11. 11/04/2016
    IncorporationPublic limited company