Checked.be
Active
BE 0860.009.621Private limited company
CONCEPT VERANDA
Route Charlemagne(BLX) 9 ·6464 Chimay, Belgium· 23 yrs active
Sector: Joinery installation
(43320)
Conclusion
CONCEPT VERANDA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171k and a net result of €-19k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 19% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €171k |
| Net result | €-19k |
| Staff (FTE) | 2.9 |
| Better than sector | 19% |
Financial profile
42
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
35
Profitability
0
Solvency
25
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
35
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€6k
estimate, not credit advice
Score history
50
2021
63
2022
51
2023
56
2024
35
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.05 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.31 (< 0.6)
-5
Leverage
Debt/equity 4.16 (> 3.0)
-10
Profitability
Negatieve ROE -11%
-10
Interest coverage
Interest coverage 4.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-01-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~85.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.4% | 42.8% | |
| Net result | €-19k | €40k | |
| Equity | €171k | €442k | |
| Gross operating margin | €254k | €382k | |
| Staff costs | €163k | €586k |
€57k
-25.8%
21-25
€-19k
-
21-25
€50k
-27.9%
21-25
€884k
+3.1%
21-25
€171k
-11.1%
21-25
€16k
-83.6%
21-25
3
-19.4%
21-25
€163k
+11.8%
21-25
€130
-92.1%
21-25
€713k
+7.2%
21-25
€332k
+25.6%
21-25
€381k
-5.0%
21-25
1.05
-23.1%
21-25
0.31
-53.9%
21-25
19.4%
-13.8%
21-25
4.16
+20.6%
21-25
-11.3%
-
21-25
-2.2%
-
21-25
4.62
-33.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €57k | €77k | €87k | €97k | €88k |
| Net profit | €-19k | €9k | €15k | €27k | €57k |
| Cash flow | €50k | €70k | €79k | €93k | €113k |
| Staff costs | €163k | €146k | €162k | €180k | - |
| Income taxes | €130 | €2k | €4k | €842 | €235 |
| Dividends | - | - | - | - | - |
| Total assets | €884k | €858k | €858k | €809k | €830k |
| Equity | €171k | €193k | €186k | €173k | €148k |
| Debt | €713k | €665k | €672k | €636k | €682k |
| of which ≤ 1y | €332k | €264k | €264k | €221k | €280k |
| of which > 1y | €381k | €401k | €408k | €415k | €402k |
| Working capital | €16k | €96k | €51k | €27k | €-8k |
| Employees (FTE) | 2.9 | 3.6 | 2.8 | 4.3 | 5.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.05 | 1.36 | 1.19 | 1.12 | 0.97 |
| Quick ratio | 0.31 | 0.66 | 0.47 | 0.68 | 0.92 |
| Working capital ratio | 1.8% | 11.2% | 6.0% | 3.3% | -1.0% |
| Solvency | 19.4% | 22.5% | 21.6% | 21.3% | 17.8% |
| Debt / equity | 4.16 | 3.45 | 3.62 | 3.68 | 2.72 |
| Long-term debt ratio | 2.22 | 2.08 | 2.20 | 2.40 | 2.72 |
| Interest coverage | 4.62 | 6.99 | 8.70 | 9.81 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -2.2% | 1.1% | 1.8% | 3.3% | 6.9% |
| ROE | -11.3% | 4.8% | 8.1% | 15.6% | 38.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €884k | €858k | €858k | €809k | €830k |
| Fixed assets | 21/28 | €536k | €497k | €542k | €560k | €557k |
| Formation expenses | 20 | €0 | €149 | €358 | €567 | €776 |
| Intangible fixed assets | 21 | €0 | €0 | €0 | - | - |
| Tangible fixed assets | 22/27 | €536k | €496k | €540k | €559k | €556k |
| Financial fixed assets | 28 | €250 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €348k | €360k | €316k | €248k | €272k |
| Stocks & contracts in progress | 3 | €246k | €185k | €193k | €98k | €14k |
| Amounts receivable within one year | 40/41 | €78k | €96k | €53k | €71k | €84k |
| Cash & bank | 54/58 | €15k | €73k | €61k | €72k | €37k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €884k | €858k | €858k | €809k | €830k |
| Equity | 10/15 | €171k | €193k | €186k | €173k | €148k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €64k | €64k | €55k | €41k | €41k |
| Accumulated profits (losses) | 14 | €65k | €85k | €85k | €84k | €57k |
| Amounts payable | 17/49 | €713k | €665k | €672k | €636k | €682k |
| Amounts payable after one year | 17 | €381k | €401k | €408k | €415k | €402k |
| Amounts payable within one year | 42/48 | €332k | €264k | €264k | €221k | €280k |
| Trade debts payable within one year | 44 | €213k | €156k | €169k | €90k | €69k |
| Income statement | ||||||
| Gross operating margin | 9900 | €254k | €229k | €250k | €282k | €269k |
| Operating result | 9901 | €-12k | €17k | €23k | €31k | €31k |
| Financial income | 75 | €6k | €5k | €6k | €6k | €7k |
| Financial charges | 65 | €12k | €11k | €10k | €10k | €10k |
| Result before taxes | 9903 | €-19k | €11k | €19k | €28k | €28k |
| Income taxes | 67/77 | €130 | €2k | €4k | €842 | €235 |
| Net result for the period | 9904 | €-19k | €9k | €15k | €27k | €28k |
| Result to be appropriated | 9905 | €-19k | €9k | €15k | €27k | €28k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 27-06-2003 |
| Status | Active |
| Postal code | 6464 |
Establishment units
CONCEPT VERANDA SPRL
since 20032.132.355.552
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56002A0975/00A000 | Wallonia | 9,932 m² | - | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-19k ▼309%
Net result drops to €-19k, the lowest in the series.
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Equity above €150kEq €173k ▲16.8%
2 profitable years in a row build equity to €173k.
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Joinery installation433204542145422Manufacture of fabricated metal products, except machinery and equipment2512028120Other retail sale of new goods4778952498
Names & trade names
| Legal nameFR | CONCEPT VERANDA |
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