GLENN VERSCHOREN
ActiveGLENN VERSCHOREN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €32k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+93
Solvency11▲+3
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.36 in 2023), and 84% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1329 sector peers (2024).
NBB · sector comparisonPosition among 1329 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
13 d early
2021
31 d late
2020
12 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€138k▲ 29.8%
2023 · €107k
2018: €82k
2019: €164k
2020: €73k
2021: €91k
2022: €105k
2023: €107k
2018 → 2024
Total assets
€867k▼ 2.5%
2023 · €889k
2018: €403k
2019: €804k
2020: €973k
2021: €934k
2022: €897k
2023: €889k
2018 → 2024
Net result
€32k▲ 2,003%
2023 · €2k
2018: €27k
2019: €83k
2020: €-91k
2021: €17k
2022: €15k
2023: €2k
2018 → 2024
Working capital
€-151k▼ 2.1%
2023 · €-148k
2018: €-28k
2019: €-10k
2020: €-112k
2021: €-112k
2022: €-104k
2023: €-148k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€91k▲ 23.9%€105k▲ 16.0%€107k▲ 1.4%€138k▲ 29.8%
Operating result€-76k-€37k€33k▼ 10.9%€22k▼ 33.2%€53k▲ 143%
Net result€-91k-€17k€15k▼ 17.0%€2k▼ 89.6%€32k▲ 2,003%
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 2024; 2024 is 143% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €867k
Fixed assets
€785k▼ 2.7%
Current assets
€82k▼ 0.4%
Equity and liabilities €867k
Equity
€138k▲ 29.8%
Debt
€728k▼ 6.9%
The debt ratio falls from 88.0% to 84.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€77k▲
2023 · €46k
Cash flow
€56k▲
2023 · €26k
Solvency
16.0%▲
2023 · 12.0%
Current ratio
0.35▼
2023 · 0.36
Quick ratio
0.16▼
2023 · 0.17
Debt / equity
5.26▼
2023 · 7.33
ROE
23.0%▲
2023 · 1.4%
ROA
3.7%▲
2023 · 0.2%
Interest coverage
3.63▲
2023 · 2.26
Debt
€728k▼
2023 · €782k
Debt ≤ 1 year
€232k▲
2023 · €230k
Debt > 1 year
€496k▼
2023 · €552k
Income taxes
€450
Staff costs
€200▼
2023 · €576
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€889k€867k▼
Fixed assets21/28€806k€785k▼
Tangible fixed assets22/27€806k€784k▼
Land and buildings22€799k€778k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€3k€3k▲
Financial fixed assets28€535€535=
Current assets29/58€82k€82k▼
Stocks and contracts in progress3€44k€44k=
Stocks30/36€44k€44k=
Amounts receivable within one year40/41€35k€35k▼
Trade receivables40€27k€24k▼
Other amounts receivable41€8k€10k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€889k€867k▼
Equity10/15€107k€138k▲
Contributions10/11€19k€19k=
Reserves13€146k€146k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€144k€144k=
Profit (loss) carried forward14€-58k€-26k▲
Amounts payable17/49€782k€728k▼
Amounts payable after more than one year17€552k€496k▼
Financial debts170/4€552k€496k▼
Amounts payable within one year42/48€230k€232k▲
Current portion of amounts payable after more than one year42€59k€62k▲
Financial debts43€248€2k▲
Credit institutions430/8€248€2k▲
Trade debts44€60k€53k▼
Suppliers440/4€60k€53k▼
Taxes, remuneration and social security45-€450
Taxes450/3-€450
Other amounts payable47/48€111k€115k▲
Income statement
Code20232024
Remuneration, social security and pensions62€576€200▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k▼
Other operating charges640/8€10k€9k▼
Gross operating margin9900€57k€86k▲
Operating profit (loss)9901€22k€53k▲
Financial income75/76B€16€209▲
Recurring financial income75€16€209▲
Financial charges65/66B€20k€21k▲
Recurring financial charges65€20k€21k▲
Profit (loss) for the period before taxes9903€2k€32k▲
Income taxes67/77-€450
Profit (loss) for the period9904€2k€32k▲
Profit (loss) for the period to be appropriated9905€2k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-26k▲
Profit (loss) brought forward from the previous period14P€-59k€-58k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €105k ▲16%
2 profitable years in a row build equity to €105k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €-91k ▼210%
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €83k ▲210%
Operating result €101k, net result €83k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲101%
2 profitable years in a row build equity to €164k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Heist-op-den-Berg · 2 establishment units since 2011
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.
Minksbossenstraat 162220 Heist-op-den-BergGround area
3,353 m²
Building footprint
1,238 m²
Volume, LiDAR
914 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Minksbossenstraat 16, 2220 Heist-op-den-Berg
since 20112.208.156.302
Knotwilgenweg 11, 2220 Heist-op-den-Berg
since 20212.333.700.234
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K1053/00G000 | Flanders | 2,500 m² | 1 · 1,084 m² | - |
| 12322I0994/00L000 | Flanders | 852 m² | 1 · 154 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesHeist-op-den-Berg
Heist-op-den-Berg2.208.156.302
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Of 2,316 companies in sector 42110 we hold annual accounts for 1,087. 755 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-08-1993
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.