Maarten Vernaeve Construct
ActiveMaarten Vernaeve Construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+9
Solvency36▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.18 in 2024; short-term debt: 84.6% and cash: 2.2% of total assets), and 88.9% 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.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.1%
Return on assets
-1.8%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-9k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
16 d early
2024
22 d early
2023
2 d early
2022
15 d early
2021
7 d early
2020
6 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▼ 13.7%
2024 · €68k
2019: €27k
2020: €58k
2021: €78k
2022: €118k
2023: €98k
2024: €68k
2019 → 2025
Total assets
€532k▼ 0.5%
2024 · €535k
2019: €657k
2020: €567k
2021: €474k
2022: €769k
2023: €576k
2024: €535k
2019 → 2025
Net result
€-9k▲ 68.4%
2024 · €-30k
2019: €-7k
2020: €31k
2021: €19k
2022: €41k
2023: €-20k
2024: €-30k
2019 → 2025
Working capital
€82k▼ 1.7%
2024 · €83k
2019: €29k
2020: €58k
2021: €78k
2022: €118k
2023: €105k
2024: €83k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€118k▲ 52.8%€98k▼ 17.1%€68k▼ 30.3%€59k▼ 13.7%
Operating result€30k-€61k▲ 103%€-924€-19k▼ 1,928%€-1k▲ 93.3%
Net result€19k-€41k▲ 111%€-20k€-30k▼ 46.9%€-9k▲ 68.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €532k
Equity
€59k▼ 13.7%
Debt
€473k▲ 1.4%
The debt ratio rises from 87.2% to 88.9%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
11.1%▼
2024 · 12.8%
Current ratio
1.18▼
2024 · 1.18
Quick ratio
0.03▼
2024 · 0.03
Debt / equity
8.01▲
2024 · 6.81
ROE
-15.9%▲
2024 · -43.5%
ROA
-1.8%▲
2024 · -5.6%
Debt
€473k▲
2024 · €466k
Debt ≤ 1 year
€450k▼
2024 · €452k
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€535k€532k▼
Current assets29/58€535k€532k▼
Stocks and contracts in progress3€520k€520k=
Stocks30/36€520k€520k=
Amounts receivable within one year40/41€374€374=
Other amounts receivable41€374€374=
Cash at bank and in hand54/58€14k€12k▼
Equity and liabilities
Total equity and liabilities10/49€535k€532k▼
Equity10/15€68k€59k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€18k€9k▼
Amounts payable17/49€466k€473k▲
Amounts payable within one year42/48€452k€450k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Other amounts payable47/48€449k€449k=
Accrued charges and deferred income492/3€15k€23k▲
Income statement
Code20242025
Other operating charges640/8€16k€387▼
Gross operating margin9900€-2k€-865▲
Operating profit (loss)9901€-19k€-1k▲
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€-29k€-9k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-30k€-9k▲
Profit (loss) for the period to be appropriated9905€-30k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€9k▼
Profit (loss) brought forward from the previous period14P€48k€18k▼
The notes to these accounts (1 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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €41k ▲111%
Operating result €61k, net result €41k, both a record.
30-06
Financial
Equity above €100kEq €118k ▲52.8%
3 profitable years in a row build equity to €118k.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Evergem · 1 establishment unit since 2017
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.
Haantjen 99940 EvergemGround area
2,791 m²
Building footprint
424 m²
Volume, LiDAR
2,885 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Maarten Vernaeve Construct
since 20172.264.962.965
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302F1370/00B000 | Flanders | 2,157 m² | 1 · 229 m² | 8.9 m · 2 fl. |
| 44082C0413/00P002 | Flanders | 634 m² | 1 · 195 m² | 12.7 m · 3 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-05-2017
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.