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G. VERSTRAETE

Active
Private limited companyfounded 1989active for 37 yearsLettenburgstraat 4, 8490 Jabbeke, BelgiumKBO/BCE: BE 0438.102.874
Summary

G. VERSTRAETE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €667,631 and a net result of -€7,712. Equity is growing by about 3.6% per year across the filed financial years. Its solvency ranks better than 18% of 1,538 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

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G. VERSTRAETEActiveChecked score 62/100
Risk analysis ReportCompare

Overview

Activity
General cleaning of buildings
NACE 81210
2nd largest company by total assets in Jabbeke, Administrative and support services sector2 sites
Size
€330,999turnover 2025
Staff
2.6 FTE
Equity
€667,631
Loss
-€7,712
Financial health
62 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Holdings
1
2025 accounts 35 days early1 of 4 deeds summarised
Why 62raises riskLiquidity: current ratio 0.35, cash €15,826Equity €667,631 (13.4% of total assets)Sector: Services to buildings and landscape activities (NACE 81)lowers riskFigures for financial year 2025 (filed 26-06-2026)Show the evidence

Checked score

Score 2025
62 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 25% of its sector peers (NACE 81, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 38-2
equity 13.4% of total assets
Liquidity 4-1
short-term debt 84.5% · cash 0.3%
Profitability 56-3
return on assets -0.2%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,697 companies, NACE 81, micro)
Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.2%▼ -0.1 percentage points vs 01-2025 03-2025: 2.4%▲ +0.2 percentage points vs 02-2025 04-2025: 2.4%● unchanged vs 03-2025 05-2025: 2.4%● unchanged vs 04-2025 06-2025: 2.6%▲ +0.2 percentage points vs 05-2025 07-2025: 1.5%▼ -1.1 percentage points vs 06-2025 08-2025: 1.5%● unchanged vs 07-2025 09-2025: 1.5%● unchanged vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.6%▲ +0.1 percentage points vs 02-2026 04-2026: 1.6%● unchanged vs 03-2026 05-2026: 1.6%● unchanged vs 04-2026 06-2026: 1.9%▲ +0.3 percentage points vs 05-2026 07-2026: 2.0%▲ +0.1 percentage points vs 06-2026 08-2026: 3.1%▲ +1.1 percentage points vs 07-2026 09-2026: 3.7%▲ +0.6 percentage points vs 08-2026highest value 10-2026: 1.5%▼ -2.2 percentage points vs 09-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.35, compared with 0.34 in 2024, below 1; short-term debt: 84.5% and cash: 0.3% of total assets), and 86.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 81, micro): better than 21% on solvency, 4% on liquidity, 25% on profitability and 50% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.35, cash €15,826
NBB · annual accounts
raises risk · Equity €667,631 (13.4% of total assets)
NBB · annual accounts
raises risk · Sector: Services to buildings and landscape activities (NACE 81)
KBO
lowers risk · Figures for financial year 2025 (filed 26-06-2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1538 sector peers (2025).
NBB · sector comparison
Position among 1538 sector peers
Solvency
better than 18%
← weakest strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
45 days early
2023
48 days early
2022
48 days early
2021
25 days early
2020
19 days early
2019
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 34 days before the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Back to profitnet €46,311

Key points

  • Caution: From profit to loss in 2025after €46,311 in 2024 -€7,712 View
  • Caution: Among the weakest 15% on net resultsector median €24,328 · 1,538 companies -€7,712 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year
2025
Turnover
€330,999
Loss
-€7,712
Solvency
13.4%
Turnover▲ 17.9%
Net result
20182025
Go to Financials

Timeline

Events
40
Since
1991
Next accounts
by 31-07-2027
  1. 13-06-2024Annual accounts filed
  2. 17-01-2024Appointment: Geert Verstraete (statutory director)
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
General cleaning of buildingsNACE 81210
Founded
11-08-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
40
Who signs
Each director alone
Annual meeting
Last Saturday of May at 14:00
Purpose
“Het beheer van roerende en onroerende goederen die toebehoren aan de vennootschap of die…” (deed in Dutch)
Go to Articles of association

Key facts about G. VERSTRAETE

What is the company number of G. VERSTRAETE?
0438.102.874. In Belgium the VAT number is the company number with BE in front: BE 0438.102.874.
Where is G. VERSTRAETE based?
The registered office is at Lettenburgstraat 4, 8490 Jabbeke.Company details
What does G. VERSTRAETE do?
According to the KBO register, the main activity is general cleaning of buildings (NACE 81210).
What is the legal form of G. VERSTRAETE?
Private limited company (BV).
When was G. VERSTRAETE founded?
On 11-08-1989.
Is G. VERSTRAETE still active?
Yes, G. VERSTRAETE is an active enterprise in the KBO register.
How many employees does G. VERSTRAETE have?
On average 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of G. VERSTRAETE?
€330,999 in financial year 2025, according to the filed annual accounts.
Is G. VERSTRAETE profitable?
In financial year 2025, G. VERSTRAETE made a loss of €7,712.
Where can I find the annual accounts of G. VERSTRAETE?
G. VERSTRAETE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of G. VERSTRAETE due?
By 31-07-2027, for financial year 2026.Timeline

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