ERIC VERSTRAETE
ActiveERIC VERSTRAETE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322k and a net result of €214k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 46% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+10
Solvency66▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.7 in 2024; short-term debt: 30.9% and cash: 36.6% of total assets), but 59.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
40.6%
Return on assets
26.9%
Age of the figures
9 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 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
136 d early
2023
30 d early
2022
66 d early
2021
20 d early
2020
1 d early
2019
13 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€322k▲ 54.6%
2024 · €208k
2018: €155k
2019: €167k
2020: €201k
2021: €349k
2022: €454k
2023: €418k
2024: €208k
2018 → 2025
Total assets
€793k▲ 10.0%
2024 · €721k
2018: €660k
2019: €661k
2020: €897k
2021: €737k
2022: €1.01M
2023: €947k
2024: €721k
2018 → 2025
Net result
€214k▲ 70.9%
2024 · €125k
2018: €2k
2019: €12k
2020: €85k
2021: €208k
2022: €104k
2023: €104k
2024: €125k
2018 → 2025
Working capital
€280k▲ 61.4%
2024 · €173k
2018: €154k
2019: €132k
2020: €244k
2021: €260k
2022: €210k
2023: €256k
2024: €173k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€349k-€454k▲ 29.9%€418k▼ 7.9%€208k▼ 50.2%€322k▲ 54.6%
Operating result€268k-€149k▼ 44.3%€137k▼ 8.3%€165k▲ 20.4%€258k▲ 56.7%
Net result€208k-€104k▼ 49.8%€104k▼ 0.2%€125k▲ 19.9%€214k▲ 70.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 57% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €793k
Fixed assets
€268k▼ 10.3%
Current assets
€525k▲ 24.4%
Equity and liabilities €793k
Equity
€322k▲ 54.6%
Debt
€471k▼ 8.1%
The debt ratio falls from 71.1% to 59.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€314k▲
2024 · €211k
Cash flow
€269k▲
2024 · €171k
Solvency
40.6%▲
2024 · 28.9%
Current ratio
2.14▲
2024 · 1.70
Quick ratio
1.51▲
2024 · 1.02
Debt / equity
1.46▼
2024 · 2.46
ROE
66.4%▲
2024 · 60.1%
ROA
26.9%▲
2024 · 17.3%
Interest coverage
34.22▲
2024 · 23.43
Debt
€471k▼
2024 · €513k
Debt ≤ 1 year
€245k▼
2024 · €249k
Debt > 1 year
€166k▼
2024 · €230k
Income taxes
€40k▲
2024 · €35k
Staff costs
€426k▲
2024 · €415k
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€721k€793k▲
Fixed assets21/28€298k€268k▼
Tangible fixed assets22/27€298k€268k▼
Land and buildings22€153k€167k▲
Plant, machinery and equipment23€10k€5k▼
Furniture and vehicles24€135k€95k▼
Current assets29/58€422k€525k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€168k€155k▼
Stocks30/36€101k€88k▼
Contracts in progress37€67k€66k▼
Amounts receivable within one year40/41€95k€67k▼
Trade receivables40€73k€59k▼
Other amounts receivable41€22k€8k▼
Cash at bank and in hand54/58€147k€290k▲
Deferred charges and accrued income490/1€12k€13k▲
Equity and liabilities
Total equity and liabilities10/49€721k€793k▲
Equity10/15€208k€322k▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€133k€247k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€126k€239k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€513k€471k▼
Amounts payable after more than one year17€230k€166k▼
Financial debts170/4€51k€40k▼
Other amounts payable178/9€178k€126k▼
Amounts payable within one year42/48€249k€245k▼
Current portion of amounts payable after more than one year42€22k€11k▼
Financial debts43€25k€0▼
Credit institutions430/8€25k€0▼
Trade debts44€125k€78k▼
Suppliers440/4€125k€78k▼
Taxes, remuneration and social security45€42k€56k▲
Taxes450/3€209€5k▲
Remuneration and social security454/9€42k€51k▲
Other amounts payable47/48€35k€100k▲
Accrued charges and deferred income492/3€34k€60k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€28k▲
Remuneration, social security and pensions62€415k€426k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€56k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-595
Other operating charges640/8€10k€9k▼
Gross operating margin9900€636k€748k▲
Operating profit (loss)9901€165k€258k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€160k€254k▲
Income taxes67/77€35k€40k▲
Profit (loss) for the period9904€125k€214k▲
Profit (loss) for the period to be appropriated9905€125k€214k▲
Appropriation of the result
Profit (loss) to be appropriated9906€125k€214k▲
Transfer from equity791/2€300k€0▼
Transfer to equity691/2€90k€114k▲
To other reserves6921€90k€114k▲
Profit to be distributed694/7€335k€100k▼
Return on contributions (dividend)694€300k€0▼
Directors or managers695€35k€100k▲
Social balance
Average headcount (FTE)90876.86.8=
The notes to these accounts (18 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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €214k ▲70.9%
Net result €214k, the highest in the series.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €201k ▲20.8%
3 profitable years in a row build equity to €201k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oostende · 1 establishment unit since 1993
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.
Plantijnstraat 38400 OostendeGround area
4,162 m²
Building footprint
1,180 m²
Volume, LiDAR
5,769 m³
Parcel 35020B0096/00E000, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ERIC VERSTRAETE NV
since 19932.060.332.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0096/00E000 | Flanders | 4,162 m² | 1 · 1,180 m² | 5.9 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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ALUMINIUMWERKEN THYSSEN FILIP
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TIMMER- EN SCHRIJNWERKEN SAMMY DARRAZ
BE 0811.562.772
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Of 20,031 companies in sector 43320 we hold annual accounts for 9,133. 6,778 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-12-1992
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
25230
28120
43320Joinery installation
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
43240Other construction installation
43299Specialised construction activities
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.