Veranda-construct
ActiveSummary
The computed 12-month bankruptcy probability of Veranda-construct is 4.1% (elevated). The 2025 annual accounts show negative equity (-€97,043) and a net result of -€125,631. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 6% of 173 sector peers (NACE 16, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 53.2 FTE
- Equity
- -€97,043
- Loss
- -€125,631
- Parent
- WILLEMS INTERNATIONAL · 99.84%
Why 46raises riskNegative equity -€97,043Loss of €125,631, the second in a row (financial year 2025)Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)Size: 53.2 FTE, total assets €856,028Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 7% on solvency, 9% on liquidity, 9% on profitability and 1% on growth.
The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€125,631
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00413658.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €124,409 in 2025 against €97,094 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 108 companies that looked in July 2024 the way this one looks now, 6.5% went bankrupt within 24 months and 80.6% are still going.
- Medium-sized
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.1% 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 497,472 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 74.5% 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 108 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €175 | €69 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €4.3m | €4.3m | €3.8m | €3.3m | €3.4m | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 1.4% |
| Non-recurring operating charges66A | - | - | - | €0.003m | €0.01m | €250 | €0.02m | €250 | ▼ 98.7% |
| Gross operating margin9900 | €3.7m | €3.9m | €4.0m | €4.6m | €4.4m | €3.8m | €3.2m | €3.3m | ▲ 1.6% |
| Operating profit (loss)9901 | -€0.06m | €0.1m | €0.2m | €0.3m | €0.1m | -€0.06m | -€0.1m | -€0.1m | ▼ 28.1% |
| Financial income75/76B | - | - | - | €0 | €0 | €278 | €0 | - | - |
| Recurring financial income75 | €0 | €0.001m | €0 | €0 | €0 | €278 | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 61.3% |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | -€0.06m | €0.1m | €0.2m | €0.3m | €0.09m | -€0.06m | -€0.1m | -€0.1m | ▼ 28.4% |
| Income taxes67/77 | €0 | €0.02m | €0.02m | €0.02m | €0.03m | €204 | €0 | - | - |
| Profit (loss) for the period9904 | -€0.06m | €0.1m | €0.2m | €0.3m | €0.06m | -€0.06m | -€0.1m | -€0.1m | ▼ 28.4% |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | €0.1m | €0.2m | €0.3m | €0.06m | -€0.06m | -€0.1m | -€0.1m | ▼ 28.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.7m | €0.8m | €1.1m | €1.3m | €1.0m | €0.9m | €0.9m | ▼ 5.1% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0 | - | - | - | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €0.5m | €0.7m | €0.8m | €1.1m | €1.3m | €1.0m | €0.9m | €0.9m | ▼ 5.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.5m | €0.6m | €0.8m | €1.0m | €1.0m | €0.9m | €0.7m | €0.8m | ▲ 10.5% |
| Trade receivables40 | - | - | - | €1.0m | €1.0m | €0.7m | €0.6m | €0.6m | ▲ 4.4% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.06m | €0.1m | €0.1m | €0.2m | ▲ 37.7% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.03m | €0.09m | €0.2m | €0.1m | €0.2m | €0.08m | ▼ 60.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 13.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.7m | €0.8m | €1.1m | €1.3m | €1.0m | €0.9m | €0.9m | ▼ 5.1% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.03m | -€0.1m | - |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.06m | €0.06m | €0.07m | €0.06m | €0.07m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.005m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.06m | €0.07m | €0.008m | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | €0 | -€0.1m | -€0.2m | ▼ 128% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.4m | €0.5m | €0.7m | €1.0m | €1.1m | €0.9m | €0.9m | €1.0m | ▲ 9.1% |
| Amounts payable after more than one year17 | €0 | - | €0.01m | €0 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.6m | €1.0m | €1.1m | €0.9m | €0.9m | €1.0m | ▲ 9.1% |
| Financial debts43 | - | - | - | €0.06m | €0.008m | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €0.06m | - | - | - | - | - |
| Other loans439 | - | - | - | - | €0.008m | €0 | - | - | - |
| Trade debts44 | €0.09m | €0.05m | €0.04m | €0.2m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 3.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.7m | €0.7m | €0.7m | €0.7m | ▲ 3.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 26.5% |
| Taxes450/3 | - | - | - | €0.05m | €0.02m | €0.005m | €0.004m | €0.009m | ▲ 106% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 24.9% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.05m | €0.05m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,367 | €109,232 | €221,619 | €291,150 | €60,049 | -€58,246 | -€97,851 | -€125,631 | ▼ 28.4% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€62,367 | €109,232 | €221,619 | €291,150 | €60,049 | -€58,246 | -€97,851 | -€125,631 | ▼ 28.4% |
| Change in cash | - | -€11,839 | -€9,055 | €65,189 | €136,275 | -€113,769 | €84,018 | -€119,945 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 21-08-2026 | 2026-00413658 |
| 31-12-2024 | abbreviated format | 04-07-2025 | 2025-00232809 |
| 31-12-2023 | abbreviated format | 17-07-2024 | 2024-00251616 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00373889 |
| 31-12-2021 | abbreviated format | 26-08-2022 | 2022-20322281 |
| 31-12-2020 | abbreviated format | 20-07-2021 | 2021-37100097 |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-34500046 |
| 31-12-2018 | abbreviated format | 26-07-2019 | 2019-38000176 |
| 31-12-2017 | abbreviated format | 09-07-2018 | 2018-29800390 |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-48000103 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €48,315 awarded · €48,315 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €9,228 | €9,228 |
| 2024 | 2 | €7,502 | €7,502 |
| 2023 | 2 | €14,298 | €14,298 |
| 2022 | 3 | €17,287 | €17,287 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- WILLEMS INTERNATIONAL
- Veranda-construct
Highest known parent: WILLEMS INTERNATIONAL. The sources do not say who stands above it.
Owners 1
-
99.84%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
21-11
Gazette deed
Resignation: Van Meirhaeghe (director)Permanent representatives: Van Meirhaeghe Stevie and Willems Luc · Reappointment: Willems International (director) · Amendment of the articles9 facts ▸
- General meeting, 12-11-2024
- Amendment of the articles (2 times)
- Capital, €112,539.99
- Registered office clause, “Klein Frankrijkstraat 9,9600 Ronse” (deed in Dutch)
- Director resignation, Van Meirhaeghe (director)
- Permanent representative, Van Meirhaeghe Stevie
- Director reappointment, Willems International (director)
- Permanent representative, Willems Luc
- Power of attorney
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0431.270.809
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45422C1034/00F000indicative | Flanders | 6,951 m² | 1 · 1,238 m² | 10.4 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aan- en verkopen,importeren en exporteren van hout; Het drogen,zagen en gebruiksklaar maken van hout voor verwerking in de industrie…” (deed in Dutch)
25 activities (deed in Dutch)
- Het aan- en verkopen,importeren en exporteren van hout
- Het drogen,zagen en gebruiksklaar maken van hout voor verwerking in de industrie
- Het recycleren en bewerken van houtafval,met doorverkoop van het opnieuw bruikbaar gemaakt hout
- Het fabriceren van meubelen,onderdelen van meubelen en alle aanverwante artikelen
- Het aan- en verkopen van machines,machineonderdelen en aanverwanten,dienstig in de houtindustrie,dit alles in de meest ruime zin
- De algemene coördinatie van de werkzaamheden op de bouwwerf (niet onderworpen aan de vestigingswet)
- Dakbedekking en bouw van dakconstructies
- De algemene aanneming van schrijn- en timmerwerk
- De montage van buiten- en binnenschrijnwerk van hout of kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen enzomeer
- De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzomeer in hout of kunststof
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzomeer,in hout of kunststof,de installatie van geblindeerde deuren en brandwerende deuren in hout of kunststof
- De montages van serres,veranda’s enzomeer in hout of kunststof
- Metaalschrijnwerk
- De montage van buiten- en binnenschrijnwerk in metaal:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen en dergelijke
- De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds en dergelijke in metaal
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken en dergelijke in metaal
- De installatie van geblindeerde deuren en brandwerende deuren in metaal
- De installatie van binnendeuren,scheidingswanden en dergelijke van glas
- Plaatsen van veranda’s in metaal
- Aankoop,verkoop,groot- en kleinhandel,plaatsen en versnijden van glas in al zijn vormen
- Aankoop,verkoop,groot- en kleinhandel van alle materialen,grondstoffen en benodigdheden voor de bouwsector en woninginrichting
- Verhuur van werkmateriaal en stellingen
- Tussenpersoon in de handel
- Produceren van bouwelementen in alle materialen
- Onderneming voor warmte- en geluidsisolering
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Veranda-Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, oprichten of opheffen administratieve zetels,agentschappen,ateliers,opslagplaatsen,bijhuizen in België of buitenland bij…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “§4. Wanneer een rechtspersoon aangewezen wordt als bestuurder, benoemt deze een vaste vertegenwoordiger, overeenkomstig de terzake geldende…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, te allen tijde zonder opgave van redenen met onmiddellijke ingang door algemene vergadering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij gebrek benoeming bestuursorgaan in functie als college van vereffenaars, behoudens vereffening en ontbinding in een akte” (deed in Dutch)