Emmanuel Verhavert
ActiveThe computed 12-month bankruptcy probability of Emmanuel Verhavert is 2.0% (moderate). The 2025 annual accounts show equity of €32k and a net result of €4k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 27386 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent▲ +28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+58
Solvency61▲+19
Growth52=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.08 in 2024), and 66.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
33.1%
Return on assets
4.3%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-04-2026, 115 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
115 d early
2024
29 d late
2023
30 d late
2022
29 d late
2021
23 d late
2020
25 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▲ 11.7%
2024 · €29k
2020: €19k
2021: €19k
2022: €28k
2023: €29k
2024: €29k
2020 → 2025
Total assets
€97k▼ 10.8%
2024 · €109k
2020: €59k
2021: €65k
2022: €74k
2023: €129k
2024: €109k
2020 → 2025
Net result
€4k▲ 835%
2024 · €451
2020: €14k
2021: €891
2022: €10k
2023: €2k
2024: €451
2020 → 2025
Working capital
€14k▲ 303%
2024 · €4k
2020: €9k
2021: €5k
2022: €16k
2023: €7k
2024: €4k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€28k▲ 49.7%€29k▲ 3.7%€29k▼ 1.2%€32k▲ 11.7%
Operating result€2k-€15k▲ 533%€5k▼ 67.8%€3k▼ 34.1%€9k▲ 190%
Net result€891-€10k▲ 1,038%€2k▼ 81.8%€451▼ 75.6%€4k▲ 835%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 190% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€49k▼ 23.1%
Current assets
€48k▲ 6.9%
Equity and liabilities €97k
Equity
€32k▲ 11.7%
Debt
€65k▼ 18.9%
The debt ratio falls from 73.6% to 66.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€27k▲
2024 · €23k
Cash flow
€22k▲
2024 · €20k
Solvency
33.1%▲
2024 · 26.4%
Current ratio
1.42▲
2024 · 1.08
Quick ratio
1.04▲
2024 · 0.58
Debt / equity
2.02▼
2024 · 2.78
ROE
13.1%▲
2024 · 1.6%
ROA
4.3%▲
2024 · 0.4%
Interest coverage
12.90▲
2024 · 10.65
Debt
€65k▼
2024 · €80k
Debt ≤ 1 year
€34k▼
2024 · €41k
Debt > 1 year
€27k▼
2024 · €39k
Income taxes
€3k▲
2024 · €674
Staff costs
€149▼
2024 · €31k
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€109k€97k▼
Fixed assets21/28€64k€49k▼
Tangible fixed assets22/27€64k€49k▼
Plant, machinery and equipment23€14k€12k▼
Furniture and vehicles24€44k€32k▼
Other tangible fixed assets26€6k€6k▼
Current assets29/58€45k€48k▲
Stocks and contracts in progress3€21k€13k▼
Stocks30/36€3k€6k▲
Contracts in progress37€18k€7k▼
Amounts receivable within one year40/41€5k€20k▲
Trade receivables40€4k€18k▲
Other amounts receivable41€267€2k▲
Cash at bank and in hand54/58€15k€12k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€109k€97k▼
Equity10/15€29k€32k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€24k€27k▲
Amounts payable17/49€80k€65k▼
Amounts payable after more than one year17€39k€27k▼
Financial debts170/4€39k€27k▼
Amounts payable within one year42/48€41k€34k▼
Current portion of amounts payable after more than one year42€12k€12k▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€18k€14k▼
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€31k€149▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€17k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€55k€28k▼
Operating profit (loss)9901€3k€9k▲
Financial income75/76B€47€3▼
Recurring financial income75€47€3▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€1k€7k▲
Income taxes67/77€674€3k▲
Profit (loss) for the period9904€451€4k▲
Profit (loss) for the period to be appropriated9905€451€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€28k▲
Profit (loss) brought forward from the previous period14P€24k€24k▼
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €451 ▼75.6%
Net result drops to €451, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Merelbeke-Melle · 1 establishment unit since 2020
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.
Koningin Astridlaan 939820 Merelbeke-MelleGround area
945 m²
Building footprint
216 m²
Volume, LiDAR
988 m³
Parcel 44010A0633/00C003, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Emmanuel Verhavert
since 20202.297.856.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44010A0633/00C003 | Flanders | 945 m² | 1 · 216 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 363 companies in sector 43421 we hold annual accounts for 201. 159 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2020
Fiscal year end31-12
Abbreviation NL
VE Verhavert
Activities, NACEBEL
43421Specialised construction activities
43310Plastering work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.