S. Versieck
ActiveSummary
S. Versieck has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.07M and a net result of €58k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 543 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 9.83 against 16.72 in 2024; short-term debt: 5% and cash: 2.2% of total assets), and 5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
95%
Return on assets
5.1%
Age of the figures
9 mo
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 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
23 d early
2023
26 d early
2022
18 d early
2021
23 d early
2020
23 d early
2019
36 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.07M▼ 4.3%
2024 · €1.12M
2018: €687k
2019: €792k
2020: €860k
2021: €894k
2022: €1.02M
2023: €1.12M
2024: €1.12M
2018 → 2025
Total assets
€1.13M▼ 2.3%
2024 · €1.16M
2018: €737k
2019: €819k
2020: €889k
2021: €913k
2022: €1.05M
2023: €1.17M
2024: €1.16M
2018 → 2025
Net result
€58k▼ 45.6%
2024 · €106k
2018: €99k
2019: €114k
2020: €77k
2021: €43k
2022: €131k
2023: €112k
2024: €106k
2018 → 2025
Working capital
€504k▼ 8.2%
2024 · €548k
2018: €481k
2019: €593k
2020: €233k
2021: €290k
2022: €425k
2023: €521k
2024: €548k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€894k-€1.02M▲ 13.6%€1.12M▲ 10.0%€1.12M▲ 0.5%€1.07M▼ 4.3%
Operating result€57k-€182k▲ 217%€153k▼ 15.9%€149k▼ 2.6%€77k▼ 48.7%
Net result€43k-€131k▲ 203%€112k▼ 13.8%€106k▼ 5.3%€58k▼ 45.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€571k ▼ 0.6%
Current assets
€561k ▼ 3.9%
Equity and liabilities €1.13M
Equity
€1.07M ▼ 4.3%
Debt
€57k ▲ 62.9%
Debt's share of the balance-sheet total rises from 3.0% to 5.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€100k▼
2024 · €174k
Cash flow
€81k▼
2024 · €131k
Current ratio
9.83▼
2024 · 16.72
Quick ratio
9.82▼
2024 · 16.71
Debt to equity
0.05▲
2024 · 0.03
ROE
5.4%▼
2024 · 9.5%
ROA
5.1%▼
2024 · 9.2%
Interest coverage
83.37▲
2024 · 27.15
Debt ≤ 1 year
€57k▲
2024 · €35k
Income taxes
€27k▼
2024 · €40k
Staff costs
€62k▼
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.13M▼
Fixed assets21/28€575k€571k▼
Tangible fixed assets22/27€575k€571k▼
Land and buildings22€568k€548k▼
Plant, machinery and equipment23€2k€19k▲
Furniture and vehicles24€4k€4k▼
Current assets29/58€583k€561k▼
Stocks and contracts in progress3€433€531▲
Stocks30/36€433€531▲
Amounts receivable within one year40/41€70k€17k▼
Trade receivables40€42k€2k▼
Other amounts receivable41€28k€15k▼
Current investments50/53€88k€507k▲
Cash at bank and in hand54/58€412k€24k▼
Deferred charges and accrued income490/1€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.13M▼
Equity10/15€1.12M€1.07M▼
Contributions10/11€19k€19k=
Reserves13€528k€479k▼
Distributable reserves133€528k€479k▼
Profit (loss) carried forward14€577k€577k=
Amounts payable17/49€35k€57k▲
Amounts payable within one year42/48€35k€57k▲
Trade debts44€24k€5k▼
Suppliers440/4€24k€5k▼
Taxes, remuneration and social security45€497€1k▲
Taxes450/3€497€843▲
Remuneration and social security454/9-€600
Other amounts payable47/48€11k€51k▲
Accrued charges and deferred income492/3€99€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€64k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€23k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€243k€168k▼
Operating profit (loss)9901€149k€77k▼
Financial income75/76B€4k€10k▲
Recurring financial income75€4k€10k▲
Financial charges65/66B€6k€1k▼
Recurring financial charges65€6k€1k▼
Profit (loss) for the period before taxes9903€147k€85k▼
Income taxes67/77€40k€27k▼
Profit (loss) for the period9904€106k€58k▼
Profit (loss) for the period to be appropriated9905€106k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€683k€635k▼
Profit (loss) brought forward from the previous period14P€577k€577k=
Transfer from equity791/2€90k€105k▲
Transfer to equity691/2€96k€56k▼
To other reserves6921€96k€56k▼
Profit to be distributed694/7€101k€106k▲
Return on contributions (dividend)694€92k€106k▲
Directors or managers695€9k€0▼
The notes to these accounts (10 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €131k ▲203%
Operating result €182k, net result €131k, both a record.
31-12
Financial
Equity above €1MEq €1.02M ▲13.6%
5 profitable years in a row build equity to €1.02M.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €43k ▼44%
Net result drops to €43k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 21.34
Current ratio from 9.01 to 21.34; short-term debt falls from €29k to €14k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 22.81
Current ratio from 11.04 to 22.81; short-term debt falls from €48k to €27k.
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
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.
Directors · office · real estate
Directors
3 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, Maldegem · 1 establishment unit since 2004
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.
Breugellaan 249990 MaldegemGround area
735 m²
Building footprint
157 m²
Volume, LiDAR
1,078 m³
Parcel 43503H1009/00W005, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stefaan Versieck
since 20042.139.000.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43503H1009/00W005 | Flanders | 735 m² | 1 · 157 m² | 11.2 m · 3 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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Of 1,599 companies in sector 16230 we hold annual accounts for 783. 421 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
43230Insulation installation
43332Laying of wooden floor and wall coverings
46832Wholesale of timber
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:050/71 83 45