VERALCO
Open bankruptcyA bankruptcy procedure is open for VERALCO according to publications in the Belgian State Gazette; curator: Yves FRANCOIS.
Summary
The 2024 annual accounts show equity of €389,038 and a net result of €78,432.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 30 April 2026
- Supervising judge
- Joost Muylle
- Official Gazette
- 08-05-2026 (pdf) ↗search the document for 2026/120100
Deadlines
- Provisional date payments stopped
- 30 April 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 23 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 30 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 June 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 30 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Yves FrancoisEertbruggestraat 10, 8790 Waregeminfo@advocaatfrancois.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
30 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Manufacture of metal structures and parts of structures sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€389,038▲ 25.3%
2023 · €310,606
Total assets
€644,292▼ 15.7%
2023 · €764,291
Net result
€78,432
2023 · -€137,256
Working capital
€348,053▲ 41.9%
2023 · €245,307
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,193▲ 93.1%€7,749-€11,663-€140,964▼ 1,109%€75,369
Net result-€936below the sector's middle half▲ 95.6%-€149below the sector's middle half▲ 84.0%€1,265below the sector's middle half-€137,256below the sector's middle half€78,432within the sector's middle half
Equity€446,747within the sector's middle half▼ 0.2%€446,597within the sector's middle half=€447,862within the sector's middle half▲ 0.3%€310,606within the sector's middle half▼ 30.6%€389,038within the sector's middle half▲ 25.3%
Total assets€904,690within the sector's middle half▼ 4.2%€911,326within the sector's middle half▲ 0.7%€915,740within the sector's middle half▲ 0.5%€764,291below the sector's middle half▼ 16.5%€644,292below the sector's middle half▼ 15.7%
Debt€457,943▼ 7.8%€464,728▲ 1.5%€467,878▲ 0.7%€453,685▼ 3.0%€255,254▼ 43.7%
Working capital€369,409within the sector's middle half▼ 9.3%€336,561within the sector's middle half▼ 8.9%€360,227within the sector's middle half▲ 7.0%€245,307within the sector's middle half▼ 31.9%€348,053within the sector's middle half▲ 41.9%
Solvency49.4%within the sector's middle half▲ 2.0pp49.0%within the sector's middle half▼ 0.4pp48.9%within the sector's middle half▼ 0.1pp40.6%within the sector's middle half▼ 8.3pp60.4%within the sector's middle half▲ 19.7pp
Current ratio1.81within the sector's middle half▼ 0.061.72within the sector's middle half▼ 0.091.77within the sector's middle half▲ 0.051.54within the sector's middle half▼ 0.232.36within the sector's middle half▲ 0.82
Return on assets (ROA)-0.1%below the sector's middle half▲ 2.1pp0.0%below the sector's middle half▲ 0.1pp0.1%below the sector's middle half▲ 0.2pp-18.0%below the sector's middle half▼ 18.1pp12.2%above the sector's middle half▲ 30.1pp
Staff (FTE)10within the sector's middle half▲ 20.5%8.9within the sector's middle half▼ 11.0%7.5within the sector's middle half▼ 15.7%6.3within the sector's middle half▼ 16.0%5.1within the sector's middle half▼ 19.0%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €75,369 after a loss of €140,964 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €644,292
Fixed assets
€40,985 ▼ 37.2%
Current assets
€603,308 ▼ 13.7%
Equity and liabilities €644,292
Equity
€389,038 ▲ 25.3%
Debt
€255,254 ▼ 43.7%
Debt's share of the balance-sheet total falls from 59.4% to 39.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,055▲
2023 · -€112,333
Cash flow
€98,118▲
2023 · -€108,625
Quick ratio
1.48▲
2023 · 1.10
Debt to equity
0.66▼
2023 · 1.46
ROE
20.2%▲
2023 · -44.2%
Interest coverage
11.00▲
2023 · -24.12
Debt ≤ 1 year
€255,254▼
2023 · €453,685
Income taxes
€432▼
2023 · €986
Staff costs
€348,663▼
2023 · €388,238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €8,264 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €456,553 | €457,186 | €388,238 | €348,663 | ▼ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,811 | €24,328 | €28,314 | €28,631 | €19,686 | ▼ 31.2% |
| Other operating charges640/8 | - | €35,045 | €4,019 | €11,715 | €6,934 | ▼ 40.8% |
| Non-recurring operating charges66A | - | €500 | €100 | €4,047 | €0 | ▼ 100% |
| Gross operating margin9900 | €476,156 | €524,175 | €477,956 | €291,668 | €450,652 | ▲ 54.5% |
| Operating profit (loss)9901 | -€2,193 | €7,749 | -€11,663 | -€140,964 | €75,369 | ▲ 153% |
| Financial income75/76B | - | €13,843 | €17,552 | €9,351 | €12,139 | ▲ 29.8% |
| Recurring financial income75 | €9,938 | €13,843 | €17,552 | €9,351 | €12,139 | ▲ 29.8% |
| Financial charges65/66B | - | €10,899 | €2,040 | €4,656 | €8,644 | ▲ 85.6% |
| Recurring financial charges65 | €1,883 | €10,899 | €2,040 | €4,656 | €8,644 | ▲ 85.6% |
| Profit (loss) for the period before taxes9903 | €5,862 | €10,693 | €3,849 | -€136,270 | €78,864 | ▲ 158% |
| Income taxes67/77 | €6,798 | €10,842 | €2,584 | €986 | €432 | ▼ 56.1% |
| Profit (loss) for the period9904 | -€936 | -€149 | €1,265 | -€137,256 | €78,432 | ▲ 157% |
| Transfer from tax-exempt reserves789 | - | €18,750 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€936 | €18,601 | €1,265 | -€137,256 | €78,432 | ▲ 157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €904,690 | €911,326 | €915,740 | €764,291 | €644,292 | ▼ 15.7% |
| Fixed assets21/28 | €80,060 | €110,036 | €87,635 | €65,299 | €40,985 | ▼ 37.2% |
| Tangible fixed assets22/27 | €68,060 | €98,036 | €75,635 | €53,299 | €28,985 | ▼ 45.6% |
| Land and buildings22 | - | €9,842 | €8,857 | €7,972 | €7,174 | ▼ 10.0% |
| Plant, machinery and equipment23 | - | €12,075 | €12,084 | €7,025 | €3,363 | ▼ 52.1% |
| Furniture and vehicles24 | - | €76,120 | €54,693 | €38,303 | €18,447 | ▼ 51.8% |
| Financial fixed assets28 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Current assets29/58 | €824,630 | €801,289 | €828,105 | €698,992 | €603,308 | ▼ 13.7% |
| Stocks and contracts in progress3 | €155,273 | €239,406 | €255,139 | €198,248 | €226,612 | ▲ 14.3% |
| Stocks30/36 | - | €179,377 | €222,903 | €184,482 | €206,767 | ▲ 12.1% |
| Contracts in progress37 | - | €60,029 | €32,237 | €13,766 | €19,845 | ▲ 44.2% |
| Amounts receivable within one year40/41 | €257,535 | €228,321 | €219,364 | €184,941 | €108,886 | ▼ 41.1% |
| Trade receivables40 | - | €184,188 | €183,507 | €145,409 | €88,835 | ▼ 38.9% |
| Other amounts receivable41 | - | €44,133 | €35,857 | €39,533 | €20,051 | ▼ 49.3% |
| Current investments50/53 | €6,055 | €4,395 | €4,395 | €4,395 | €4,404 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €320,001 | €329,168 | €349,208 | €311,408 | €263,084 | ▼ 15.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €322 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €904,690 | €911,326 | €915,740 | €764,291 | €644,292 | ▼ 15.7% |
| Equity10/15 | €446,747 | €446,597 | €447,862 | €310,606 | €389,038 | ▲ 25.3% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €296,747 | €295,595 | €297,595 | €157,595 | €236,027 | ▲ 49.8% |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | - | €2,595 | €2,595 | €2,595 | €2,595 | = |
| Distributable reserves133 | - | €278,000 | €280,000 | €140,000 | €218,432 | ▲ 56.0% |
| Profit (loss) carried forward14 | €2,579 | €1,002 | €267 | €3,011 | €3,011 | = |
| Amounts payable17/49 | €457,943 | €464,728 | €467,878 | €453,685 | €255,254 | ▼ 43.7% |
| Amounts payable after more than one year17 | €2,722 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €455,221 | €464,728 | €467,878 | €453,685 | €255,254 | ▼ 43.7% |
| Current portion of amounts payable after more than one year42 | - | €2,722 | €0 | - | - | - |
| Trade debts44 | €393,119 | €404,099 | €422,426 | €418,334 | €234,707 | ▼ 43.9% |
| Suppliers440/4 | - | €404,099 | €422,426 | €418,334 | €234,707 | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | €57,907 | €45,452 | €35,351 | €20,547 | ▼ 41.9% |
| Taxes450/3 | - | €35,018 | €27,977 | €14,860 | €11,465 | ▼ 22.8% |
| Remuneration and social security454/9 | - | €22,889 | €17,476 | €20,490 | €9,082 | ▼ 55.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€936 | -€149 | €1,265 | -€137,256 | €78,432 | ▲ 157% |
| + Depreciation and write-downs630 | €27,811 | €24,328 | €28,314 | €28,631 | €19,686 | ▼ 31.2% |
| Operating cash flow (approximation) | €26,876 | €24,179 | €29,578 | -€108,625 | €98,118 | ▲ 190% |
| Investment in fixed assets (approximation) | - | -€54,305 | -€5,912 | -€6,295 | €4,628 | ▲ 174% |
| Change in cash | - | €9,167 | €20,040 | -€37,800 | -€48,324 | ▼ 27.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
08-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 30-04-2026
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
31-12
Financial
Back to profitnet €78,432
Net result €78,432 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€137,256
Net result drops to -€137,256, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €1,265
Net result €1,265 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
SignalFinancial 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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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, Kortrijk · 1 establishment unit since 1995
Ground area
4,009 m²
Building footprint
2,084 m²
Volume, LiDAR
11,510 m³
Parcel 34016C0581/00V000, Flanders · tallest building 26.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERALCO NV
since 19952.073.209.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0581/00V000 | Flanders | 4,009 m² | 1 · 2,084 m² | 26.0 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Yves FRANCOIS EERTBRUGGESTRAAT 10,
8790 WAREGEM |
30-04-2026 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 299 EUR awarded · 299 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 299 EUR | 299 EUR |
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Of 3,982 companies in sector 25110 we hold annual accounts for 2,144. 1,611 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455955131
Also
9925:BE0455955131
Registered
24-01-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.