Anc. Ets. F. Verdeyen

Active

Public limited companyfounded 197550 yrs activeTerhulpsesteenweg 178, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0415.382.803

Anc. Ets. F. Verdeyen has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.71M and a net result of €-573k. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2025

78 / 100

Excellent▲ +8 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency98▼-1

Growth58=

Stability100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €450k at 30 days acceptable

Liquidity ample (current ratio 2.32 against 2.25 in 2024), and 48.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 22

Relative position

BE, all sectors

reference

Sector 22

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

51.3%

Return on assets

-5.2%

Age of the figures

9 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€573k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

16 d early

2024

61 d late

2023

72 d late

2022

32 d late

2021

50 d late

2020

292 d late

2019

657 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-573k▲ 23.1%

2024 · €-745k

2018: €-920k 2019: €-5.12M 2020: €-924k 2021: €-1.50M 2022: €-778k 2023: €-639k 2024: €-745k

2018 → 2025

Working capital

€1.91M▲ 9.3%

2024 · €1.74M

2018: €3.44M 2019: €3.59M 2020: €3.76M 2021: €693k 2022: €1.03M 2023: €1.60M 2024: €1.74M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€8.44M-€7.66M▼ 9.2%€7.02M▼ 8.3%€6.28M▼ 10.6%€5.71M▼ 9.1%

Operating result€-1.56M-€-713k▲ 54.3%€-613k▲ 13.9%€-754k▼ 22.9%€-672k▲ 10.8%

Net result€-1.50M-€-778k▲ 48.0%€-639k▲ 17.8%€-745k▼ 16.5%€-573k▲ 23.1%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €672k in 2025 against €754k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11.12M

69.9%

30.1%

Fixed assets €7.77M▼ 10.7%

Current assets €3.35M▲ 6.7%

Equity and liabilities €11.12M

51.3%

14.1%

34.6%

Equity €5.71M▼ 9.1%

Provisions €1.57M▼ 10.9%

Debt €3.85M▲ 1.2%

The debt ratio rises from 32.1% to 34.6%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€255k▼

2024 · €367k

Cash flow

€355k▼

2024 · €377k

Solvency

51.3%▼

2024 · 53.0%

Current ratio

2.32▲

2024 · 2.25

Quick ratio

2.32▲

2024 · 2.25

Debt / equity

0.67▲

2024 · 0.60

ROE

-10.0%▲

2024 · -11.9%

ROA

-5.2%▲

2024 · -6.3%

Interest coverage

6.87▼

2024 · 8.81

Debt

€3.85M▲

2024 · €3.80M

Debt ≤ 1 year

€1.44M▲

2024 · €1.39M

Debt > 1 year

€2.16M=

2024 · €2.16M

Income taxes

€114k▼

2024 · €247k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€11.84M€11.12M▼

Fixed assets21/28€8.70M€7.77M▼

Tangible fixed assets22/27€8.70M€7.77M▼

Land and buildings22€4.73M€4.44M▼

Plant, machinery and equipment23€3.97M€3.33M▼

Current assets29/58€3.14M€3.35M▲

Stocks and contracts in progress3€0€0=

Amounts receivable within one year40/41€3.12M€3.34M▲

Trade receivables40€421k€901k▲

Other amounts receivable41€2.70M€2.44M▼

Current investments50/53€0-

Other investments51/53€0-

Cash at bank and in hand54/58€863€2k▲

Deferred charges and accrued income490/1€16k€5k▼

Equity and liabilities

Total equity and liabilities10/49€11.84M€11.12M▼

Equity10/15€6.28M€5.71M▼

Contributions10/11€101k€101k=

Capital10€101k€101k=

Issued capital100€101k€101k=

Reserves13€6.18M€5.61M▼

Non-distributable reserves130/1€10k€10k=

Legal reserve130€10k€10k=

Tax-exempt reserves132€4.84M€4.31M▼

Distributable reserves133€1.33M€1.29M▼

Provisions and deferred taxes16€1.76M€1.57M▼

Deferred taxes168€1.76M€1.57M▼

Amounts payable17/49€3.80M€3.85M▲

Amounts payable after more than one year17€2.16M€2.16M=

Other amounts payable178/9€2.16M€2.16M=

Amounts payable within one year42/48€1.39M€1.44M▲

Trade debts44€119k€259k▲

Suppliers440/4€119k€259k▲

Taxes, remuneration and social security45€1.27M€1.18M▼

Taxes450/3€1.27M€1.18M▼

Other amounts payable47/48€4k€4k=

Accrued charges and deferred income492/3€241k€240k▼

Income statement Code20242025

Operating income70/76A€680k€455k▼

Other operating income74€680k€455k▼

Operating charges60/66A€1.43M€1.13M▼

Services and other goods61€128k€124k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.12M€927k▼

Other operating charges640/8€3k€2k▼

Non-recurring operating charges66A€182k€74k▼

Operating profit (loss)9901€-754k€-672k▲

Financial income75/76B€64k€60k▼

Recurring financial income75€64k€60k▼

Income from current assets751€64k€60k▼

Financial charges65/66B€43k€38k▼

Recurring financial charges65€43k€38k▼

Debt charges650€42k€37k▼

Other financial charges652/9€1k€662▼

Profit (loss) for the period before taxes9903€-733k€-650k▲

Transfer from deferred taxes780€235k€192k▼

Income taxes67/77€247k€114k▼

Taxes670/3€247k€209k▼

Tax adjustments and reversals of tax provisions77€77€95k▲

Profit (loss) for the period9904€-745k€-573k▲

Transfer from tax-exempt reserves789€645k€527k▼

Profit (loss) for the period to be appropriated9905€-100k€-45k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-100k€-45k▲

Transfer from equity791/2€100k€45k▼

From reserves792€100k€45k▼

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (37 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 61 days late

2024

11-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 72 days late

2023

01-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 32 days late

2022

19-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 50 days late

19-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 292 days late

19-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 657 days late

19-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 1023 days late

19-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 1388 days late

2019

31-12

Financial Weakest financial yearnet €-5.12M

Net result drops to €-5.12M, the lowest in the series; recovery starts the following year.

2017

01-07

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.

Directors · office · real estate

Directors

no sitting director, no change since 2019

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

23-01-2019 Cyril Josset: Resigned as Director

23-01-2019 Cyril Josset: Resigned as Managing director

23-01-2019 Ong Jane: Resigned as Director

Location & real-estate footprint

Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1981

establishment The establishment unit on the map

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.

Terhulpsesteenweg 1781170 Watermaal-Bosvoorde

Ground area

3,732 m²

Building footprint