VERBA
ActiveSummary
VERBA has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,846 and a net result of €60,741. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 3770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+7
Solvency30▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.33 in 2024; short-term debt: 9.3% and cash: 7.4% of total assets), and 94.9% of the assets are financed with debt.
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Signals
Six 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
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
5.1%
Return on assets
14.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
177 d late
2022
163 d late
2021
31 d late
2020
27 d late
2019
186 d late
← 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 92 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 31 August (4 of the last 5 filed years within 132 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€21,846
2024 · -€38,895
Total assets
€426,444▼ 2.4%
2024 · €436,714
Net result
€60,741▲ 53.4%
2024 · €39,598
Working capital
-€3,447▲ 94.4%
2024 · -€61,390
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20212022202320242025
Operating result€43,354€36,266▼ 16.3%€45,222▲ 24.7%€50,942▲ 12.7%€83,887▲ 64.7%
Net result€35,257above the sector's middle half€30,730above the sector's middle half▼ 12.8%€41,299above the sector's middle half▲ 34.4%€39,598above the sector's middle half▼ 4.1%€60,741above the sector's middle half▲ 53.4%
Equity-€150,523below the sector's middle half▲ 19.0%-€119,792below the sector's middle half▲ 20.4%-€78,493below the sector's middle half▲ 34.5%-€38,895below the sector's middle half▲ 50.4%€21,846within the sector's middle half
Total assets€392,545above the sector's middle half▼ 3.1%€384,607above the sector's middle half▼ 2.0%€413,641above the sector's middle half▲ 7.5%€436,714above the sector's middle half▲ 5.6%€426,444within the sector's middle half▼ 2.4%
Debt€543,067▼ 8.1%€504,399▼ 7.1%€492,133▼ 2.4%€475,609▼ 3.4%€404,598▼ 14.9%
Working capital-€81,491below the sector's middle half▲ 34.1%-€54,367below the sector's middle half▲ 33.3%-€23,655within the sector's middle half▲ 56.5%-€61,390below the sector's middle half▼ 160%-€3,447within the sector's middle half▲ 94.4%
Solvency-38.3%below the sector's middle half▲ 7.5pp-31.1%below the sector's middle half▲ 7.2pp-19.0%below the sector's middle half▲ 12.2pp-8.9%below the sector's middle half▲ 10.1pp5.1%within the sector's middle half▲ 14.0pp
Current ratio0.17below the sector's middle half▲ 0.080.26below the sector's middle half▲ 0.090.67within the sector's middle half▲ 0.410.33below the sector's middle half▼ 0.340.91within the sector's middle half▲ 0.58
Return on assets (ROA)9.0%within the sector's middle half▲ 41.2pp8.0%within the sector's middle half▼ 1.0pp10.0%within the sector's middle half▲ 2.0pp9.1%within the sector's middle half▼ 0.9pp14.2%above the sector's middle half▲ 5.2pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426,444
Fixed assets
€390,032 ▼ 4.0%
Current assets
€36,412 ▲ 19.6%
Equity and liabilities €426,444
Equity
€21,846
Debt
€404,598
Debt finances 94.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€105,712▲
2024 · €66,526
Cash flow
€82,566▲
2024 · €55,181
Quick ratio
0.83▲
2024 · 0.29
Debt to equity
18.52▲
2024 · -12.23
ROE
278.0%
Interest coverage
44.65▲
2024 · 14.85
Debt ≤ 1 year
€39,859▼
2024 · €91,831
Debt > 1 year
€360,739▼
2024 · €383,778
Income taxes
€21,336▲
2024 · €6,924
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 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% | 1.9% |
| 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 931 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,669 | €0 | - | €2,722 | €11,170 | ▲ 310% |
| Remuneration, social security and pensions62 | - | - | €1,352 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,974 | €17,406 | €19,072 | €15,583 | €21,825 | ▲ 40.1% |
| Other operating charges640/8 | €4,584 | €6,871 | €3,888 | €4,329 | €6,327 | ▲ 46.2% |
| Gross operating margin9900 | €63,912 | €60,543 | €69,533 | €70,854 | €112,038 | ▲ 58.1% |
| Operating profit (loss)9901 | €43,354 | €36,266 | €45,222 | €50,942 | €83,887 | ▲ 64.7% |
| Financial income75/76B | €27 | €14 | €73 | €61 | €558 | ▲ 812% |
| Recurring financial income75 | €27 | €14 | €73 | €61 | €558 | ▲ 812% |
| Financial charges65/66B | €3,972 | €5,276 | €3,722 | €4,481 | €2,367 | ▼ 47.2% |
| Recurring financial charges65 | €3,972 | €5,276 | €3,722 | €4,481 | €2,367 | ▼ 47.2% |
| Profit (loss) for the period before taxes9903 | €39,409 | €31,004 | €41,573 | €46,522 | €82,077 | ▲ 76.4% |
| Income taxes67/77 | €4,152 | €274 | €273 | €6,924 | €21,336 | ▲ 208% |
| Profit (loss) for the period9904 | €35,257 | €30,730 | €41,299 | €39,598 | €60,741 | ▲ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €35,257 | €30,730 | €41,299 | €39,598 | €60,741 | ▲ 53.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €392,545 | €384,607 | €413,641 | €436,714 | €426,444 | ▼ 2.4% |
| Fixed assets21/28 | €375,725 | €365,661 | €365,759 | €406,273 | €390,032 | ▼ 4.0% |
| Intangible fixed assets21 | €272,894 | €272,894 | €272,894 | €272,894 | €272,894 | = |
| Tangible fixed assets22/27 | €102,832 | €92,768 | €92,865 | €133,380 | €117,138 | ▼ 12.2% |
| Land and buildings22 | €75,558 | €68,683 | €61,808 | €52,933 | €48,633 | ▼ 8.1% |
| Plant, machinery and equipment23 | €3,722 | €7,820 | €6,290 | €16,626 | €14,517 | ▼ 12.7% |
| Furniture and vehicles24 | €23,552 | €16,265 | €24,767 | €63,821 | €53,987 | ▼ 15.4% |
| Current assets29/58 | €16,819 | €18,945 | €47,882 | €30,441 | €36,412 | ▲ 19.6% |
| Stocks and contracts in progress3 | €5,120 | €3,811 | €4,432 | €3,827 | €3,500 | ▼ 8.5% |
| Stocks30/36 | €5,120 | €3,811 | €4,432 | €3,827 | €3,500 | ▼ 8.5% |
| Amounts receivable within one year40/41 | €148 | €11,836 | €20,860 | €208 | €1,168 | ▲ 462% |
| Trade receivables40 | €0 | €11,760 | €20,548 | €0 | - | - |
| Other amounts receivable41 | €148 | €76 | €312 | €208 | €1,168 | ▲ 462% |
| Cash at bank and in hand54/58 | €11,338 | €3,073 | €21,595 | €25,356 | €31,574 | ▲ 24.5% |
| Deferred charges and accrued income490/1 | €213 | €225 | €994 | €1,050 | €170 | ▼ 83.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €392,545 | €384,607 | €413,641 | €436,714 | €426,444 | ▼ 2.4% |
| Equity10/15 | -€150,523 | -€119,792 | -€78,493 | -€38,895 | €21,846 | ▲ 156% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Reserves13 | €68,698 | €68,698 | €68,698 | €68,698 | €68,698 | = |
| Non-distributable reserves130/1 | €763 | €763 | €763 | €763 | €763 | = |
| Legal reserve130 | €650 | €650 | €650 | €650 | €650 | = |
| Reserves not available under the articles1311 | €113 | €113 | €113 | €113 | €113 | = |
| Tax-exempt reserves132 | €67,935 | €67,935 | €67,935 | €67,935 | €67,935 | = |
| Profit (loss) carried forward14 | -€529,114 | -€498,384 | -€457,085 | -€417,487 | -€356,746 | ▲ 14.5% |
| Amounts payable17/49 | €543,067 | €504,399 | €492,133 | €475,609 | €404,598 | ▼ 14.9% |
| Amounts payable after more than one year17 | €444,757 | €431,087 | €420,128 | €383,778 | €360,739 | ▼ 6.0% |
| Financial debts170/4 | €444,757 | €431,087 | €420,128 | €383,778 | €360,739 | ▼ 6.0% |
| Amounts payable within one year42/48 | €98,310 | €73,312 | €71,537 | €91,831 | €39,859 | ▼ 56.6% |
| Current portion of amounts payable after more than one year42 | €14,782 | €13,670 | €10,958 | €11,350 | €13,682 | ▲ 20.5% |
| Trade debts44 | €13,003 | €9,706 | €40,240 | €38,608 | €2,403 | ▼ 93.8% |
| Suppliers440/4 | €13,003 | €9,706 | €40,240 | €38,608 | €2,403 | ▼ 93.8% |
| Advances received on contracts in progress46 | €0 | €7,807 | €1,380 | €4,840 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8,883 | €2,878 | €4,013 | €13,634 | €23,282 | ▲ 70.8% |
| Taxes450/3 | €8,883 | €2,878 | €3,195 | €13,634 | €19,282 | ▲ 41.4% |
| Remuneration and social security454/9 | - | - | €819 | €0 | €4,000 | - |
| Other amounts payable47/48 | €61,643 | €39,251 | €14,945 | €23,398 | €493 | ▼ 97.9% |
| Accrued charges and deferred income492/3 | - | - | €468 | €0 | €4,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,257 | €30,730 | €41,299 | €39,598 | €60,741 | ▲ 53.4% |
| + Depreciation and write-downs630 | €15,974 | €17,406 | €19,072 | €15,583 | €21,825 | ▲ 40.1% |
| Operating cash flow (approximation) | €51,231 | €48,136 | €60,371 | €55,181 | €82,566 | ▲ 49.6% |
| Investment in fixed assets (approximation) | - | -€7,342 | -€19,169 | -€56,098 | -€5,583 | ▲ 90.0% |
| Change in cash | - | -€8,265 | €18,522 | €3,761 | €6,218 | ▲ 65.3% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €60,741 ▲53.4%
Operating result €83,887, net result €60,741, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 177 days late
2024
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 163 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €35,257
Net result €35,257 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 186 days late
2020
31-12
Financial
Weakest financial yearnet -€130,563
Net result drops to -€130,563, the lowest in the series; recovery starts the following year.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Damme · 2 establishment units since 1985
Ground area
3,759 m²
Building footprint
437 m²
Volume, LiDAR
3,397 m³
2 parcels, Flanders · tallest building 26.7 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Bruggesteenweg 16, 8340 Damme
since 19852.020.073.795
kasteel minnewater
since 20072.159.408.060
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026D0261/00E002 | Flanders | 2,410 m² | 1 · 231 m² | 7.6 m · 2 fl. |
| 31803C0957/00S000 | Flanders | 1,349 m² | 1 · 206 m² | 26.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.159.408.060
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 8,951 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
Founded11-02-1982
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422187748
Also
9925:BE0422187748
Registered
16-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.