NICO VERSCHELDEN
ActiveSummary
NICO VERSCHELDEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €249,919 and a net result of €13,334. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.9% (low).
What stands out
Overview
0 of 3 deeds readAccounts 36 d earlyTurnover not published (abridged schema)
Why 69- Higher-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-38
Solvency93▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.27 against 2.6 in 2023; short-term debt: 30.1% and cash: 16.6% of total assets), and 32.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
36 d early
2023
26 d early
2022
47 d early
2021
45 d early
2020
26 d late
2019
53 d 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 31 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 25 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2024Total assets €368,719Profit €13,334Solvency 67.8%Liquidity 3.27
Total assets
€368,719▼ 6.1%
2018 - 2024
Net result
€13,334▼ 83.0%
2018 - 2024
Equity
€249,919▲ 4.9%
2018 - 2024
Solvency
67.8%▲ 7.1pp
2018 - 2024
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,469▼ 12.4%€19,741▼ 41.0%€30,045▲ 52.2%€134,018▲ 346%€27,310▼ 79.6%
Net result€23,264within the sector's middle half▼ 13.8%€12,087within the sector's middle half▼ 48.0%€16,761within the sector's middle half▲ 38.7%€78,562above the sector's middle half▲ 369%€13,334within the sector's middle half▼ 83.0%
Equity€184,560above the sector's middle half▼ 17.0%€144,647above the sector's middle half▼ 21.6%€161,407above the sector's middle half▲ 11.6%€238,303above the sector's middle half▲ 47.6%€249,919above the sector's middle half▲ 4.9%
Total assets€262,355within the sector's middle half▼ 0.7%€274,879within the sector's middle half▲ 4.8%€427,309above the sector's middle half▲ 55.5%€392,727above the sector's middle half▼ 8.1%€368,719above the sector's middle half▼ 6.1%
Debt€77,795▲ 86.2%€130,233▲ 67.4%€265,902▲ 104%€154,424▼ 41.9%€118,800▼ 23.1%
Working capital€164,577above the sector's middle half▼ 14.2%€134,668above the sector's middle half▼ 18.2%€163,236above the sector's middle half▲ 21.2%€236,770above the sector's middle half▲ 45.0%€251,866above the sector's middle half▲ 6.4%
Solvency70.3%above the sector's middle half▼ 13.8pp52.6%within the sector's middle half▼ 17.7pp37.8%within the sector's middle half▼ 14.8pp60.7%within the sector's middle half▲ 22.9pp67.8%within the sector's middle half▲ 7.1pp
Current ratio3.12above the sector's middle half▼ 2.472.03within the sector's middle half▼ 1.081.62within the sector's middle half▼ 0.412.60within the sector's middle half▲ 0.983.27within the sector's middle half▲ 0.67
Return on assets (ROA)8.9%within the sector's middle half▼ 1.4pp4.4%within the sector's middle half▼ 4.5pp3.9%within the sector's middle half▼ 0.5pp20.0%above the sector's middle half▲ 16.1pp3.6%within the sector's middle half▼ 16.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 80% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €368,719
Fixed assets
€5,935 ▼ 23.1%
Current assets
€362,784 ▼ 5.8%
Equity and liabilities €368,719
Equity
€249,919 ▲ 4.9%
Debt
€118,800 ▼ 23.1%
Debt's share of the balance-sheet total falls from 39.3% to 32.2%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€29,095▼
2023 · €135,206
Cash flow
€15,119▼
2023 · €79,750
Quick ratio
0.79▼
2023 · 0.79
Debt to equity
0.48▼
2023 · 0.65
ROE
5.3%▼
2023 · 33.0%
Interest coverage
3.31▼
2023 · 5.40
Debt ≤ 1 year
€110,917▼
2023 · €148,237
Income taxes
€6,015▼
2023 · €30,574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,617 | €10,004 | €9,995 | €1,188 | €1,785 | ▲ 50.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | -€9,451 | - |
| Other operating charges640/8 | - | €1,620 | €3,233 | €1,245 | €10,416 | ▲ 736% |
| Gross operating margin9900 | €54,549 | €31,365 | €43,274 | €136,451 | €30,060 | ▼ 78.0% |
| Operating profit (loss)9901 | €33,469 | €19,741 | €30,045 | €134,018 | €27,310 | ▼ 79.6% |
| Financial income75/76B | - | €618 | €784 | €158 | €821 | ▲ 420% |
| Recurring financial income75 | €1,085 | €618 | €784 | €158 | €821 | ▲ 420% |
| Financial charges65/66B | - | €1,437 | €5,577 | €25,040 | €8,782 | ▼ 64.9% |
| Recurring financial charges65 | €549 | €1,437 | €5,577 | €25,040 | €8,782 | ▼ 64.9% |
| Profit (loss) for the period before taxes9903 | €34,004 | €18,921 | €25,252 | €109,136 | €19,349 | ▼ 82.3% |
| Income taxes67/77 | €10,740 | €6,834 | €8,491 | €30,574 | €6,015 | ▼ 80.3% |
| Profit (loss) for the period9904 | €23,264 | €12,087 | €16,761 | €78,562 | €13,334 | ▼ 83.0% |
| Profit (loss) for the period to be appropriated9905 | €23,264 | €12,087 | €16,761 | €78,562 | €13,334 | ▼ 83.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,355 | €274,879 | €427,309 | €392,727 | €368,719 | ▼ 6.1% |
| Fixed assets21/28 | €19,983 | €9,979 | €1,684 | €7,720 | €5,935 | ▼ 23.1% |
| Tangible fixed assets22/27 | €19,983 | €9,979 | €1,684 | €7,720 | €5,935 | ▼ 23.1% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €1,684 | €1,146 | €855 | ▼ 25.4% |
| Furniture and vehicles24 | - | €9,979 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €6,574 | €5,080 | ▼ 22.7% |
| Current assets29/58 | €242,372 | €264,900 | €425,625 | €385,006 | €362,784 | ▼ 5.8% |
| Stocks and contracts in progress3 | - | €127,845 | €298,833 | €267,907 | €275,574 | ▲ 2.9% |
| Stocks30/36 | - | €127,845 | €298,833 | €267,907 | €275,574 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €36,816 | €16,903 | €25,154 | €9,946 | €23,549 | ▲ 137% |
| Trade receivables40 | - | €11,838 | €17,524 | €9,946 | €20,910 | ▲ 110% |
| Other amounts receivable41 | - | €5,065 | €7,630 | €0 | €2,640 | - |
| Current investments50/53 | - | - | €19,847 | €846 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €202,818 | €117,539 | €79,082 | €103,561 | €61,060 | ▼ 41.0% |
| Deferred charges and accrued income490/1 | - | €2,614 | €2,710 | €2,746 | €2,600 | ▼ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,355 | €274,879 | €427,309 | €392,727 | €368,719 | ▼ 6.1% |
| Equity10/15 | €184,560 | €144,647 | €161,407 | €238,303 | €249,919 | ▲ 4.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €178,360 | €138,447 | €155,207 | €232,103 | €243,719 | ▲ 5.0% |
| Non-distributable reserves130/1 | - | €5,954 | €5,954 | €0 | - | - |
| Reserves not available under the articles1311 | - | €5,954 | €5,954 | €0 | - | - |
| Distributable reserves133 | - | €132,492 | €149,253 | €232,103 | €243,719 | ▲ 5.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €77,795 | €130,233 | €265,902 | €154,424 | €118,800 | ▼ 23.1% |
| Amounts payable within one year42/48 | €77,795 | €130,233 | €262,389 | €148,237 | €110,917 | ▼ 25.2% |
| Financial debts43 | - | - | €117,907 | €0 | - | - |
| Credit institutions430/8 | - | - | €117,907 | €0 | - | - |
| Trade debts44 | €9,552 | €10,666 | €34,268 | €14,651 | €7,323 | ▼ 50.0% |
| Suppliers440/4 | - | €10,666 | €34,268 | €14,651 | €7,323 | ▼ 50.0% |
| Taxes, remuneration and social security45 | - | €5,803 | €3,600 | €30,086 | €5,381 | ▼ 82.1% |
| Taxes450/3 | - | €5,803 | €3,600 | €30,086 | €5,381 | ▼ 82.1% |
| Other amounts payable47/48 | - | €113,764 | €106,614 | €103,499 | €98,213 | ▼ 5.1% |
| Accrued charges and deferred income492/3 | - | - | €3,513 | €6,187 | €7,883 | ▲ 27.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,264 | €12,087 | €16,761 | €78,562 | €13,334 | ▼ 83.0% |
| + Depreciation and write-downs630 | €10,617 | €10,004 | €9,995 | €1,188 | €1,785 | ▲ 50.2% |
| Operating cash flow (approximation) | €33,881 | €22,091 | €26,756 | €79,750 | €15,119 | ▼ 81.0% |
| Investment in fixed assets (approximation) | - | €0 | -€1,701 | -€7,224 | €0 | ▲ 100% |
| Change in cash | - | -€85,279 | -€38,457 | €24,480 | -€42,501 | ▼ 274% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
FERAINE
BE 0416.636.378
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ALUVER
BE 0415.375.675
Schoten · Eq €249,936
JOREMCO
BE 0464.528.347
Merksplas · Eq €249,887
H & S INTERIEUR- EN GYPROCWERKEN
BE 0560.767.094
Pelt · Eq €249,787
PAUL MAES
BE 0835.054.093
Sint-Niklaas · Eq €250,055
Of 20,017 companies in this sector we hold annual accounts for 9,142. 7,141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 25-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €78,562 ▲369%
Operating result €134,018, net result €78,562, both a record.
31-12
Financial
Equity above €200,000Eq €238,303 ▲47.6%
6 profitable years in a row build equity to €238,303.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €161,407 ▲11.6%
5 profitable years in a row build equity to €161,407.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €12,087 ▼48%
Net result drops to €12,087, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 19-11-2008Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded19-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807849157
Also
9925:BE0807849157
Registered
06-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Maarkedal · 1 establishment unit since 2008
Ground area
926 m²
Building footprint
101 m²
Volume, LiDAR
528 m³
Parcel 45020A1235/00A000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nico Verschelden
since 2008unit no. 2.174.910.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45020A1235/00A000 | Flanders | 926 m² | 1 · 101 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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