VERBA-ELEK
ActiveVERBA-ELEK has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121k and a net result of €15k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+4
Solvency80▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.81 in 2023; short-term debt: 41.8% and cash: 8.1% of total assets), and 45.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 43
higher
← 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 31-12-2024 was due by 31-07-2025 and was filed on 22-06-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
39 d early
2023
33 d early
2022
31 d early
2021
20 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€121k▲ 2.7%
2023 · €118k
2018: €84k
2019: €84k
2020: €88k
2021: €114k
2022: €109k
2023: €118k
2018 → 2024
Total assets
€222k▼ 16.4%
2023 · €266k
2018: €136k
2019: €201k
2020: €166k
2021: €253k
2022: €214k
2023: €266k
2018 → 2024
Net result
€15k▲ 65.4%
2023 · €9k
2018: €5k
2019: €-242
2020: €11k
2021: €26k
2022: €27k
2023: €9k
2018 → 2024
Working capital
€106k▼ 2.3%
2023 · €109k
2018: €81k
2019: €65k
2020: €72k
2021: €101k
2022: €98k
2023: €109k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€114k▲ 29.6%€109k▼ 4.2%€118k▲ 8.5%€121k▲ 2.7%
Operating result€17k-€37k▲ 125%€37k▲ 0.1%€16k▼ 56.0%€25k▲ 50.8%
Net result€11k-€26k▲ 132%€27k▲ 2.4%€9k▼ 65.3%€15k▲ 65.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 51% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €222k
Fixed assets
€23k▲ 3.4%
Current assets
€199k▼ 18.2%
Equity and liabilities €222k
Equity
€121k▲ 2.7%
Debt
€101k▼ 31.7%
The debt ratio falls from 55.5% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2023 · €24k
Cash flow
€24k▲
2023 · €16k
Solvency
54.6%▲
2023 · 44.5%
Current ratio
2.14▲
2023 · 1.81
Quick ratio
1.86▲
2023 · 1.65
Debt / equity
0.83▼
2023 · 1.25
ROE
12.6%▲
2023 · 7.8%
ROA
6.9%▲
2023 · 3.5%
Interest coverage
23.92▲
2023 · 18.40
Debt
€101k▼
2023 · €147k
Debt ≤ 1 year
€93k▼
2023 · €135k
Debt > 1 year
€8k▼
2023 · €13k
Income taxes
€8k▲
2023 · €6k
Staff costs
€121k▲
2023 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€266k€222k▼
Fixed assets21/28€22k€23k▲
Tangible fixed assets22/27€22k€23k▲
Plant, machinery and equipment23€10k€13k▲
Furniture and vehicles24€8k€7k▼
Leasing and similar rights25€4k€3k▼
Financial fixed assets28€412€412=
Current assets29/58€243k€199k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€21k€27k▲
Stocks30/36€21k€27k▲
Amounts receivable within one year40/41€110k€126k▲
Trade receivables40€103k€98k▼
Other amounts receivable41€7k€28k▲
Current investments50/53€30k€20k▼
Cash at bank and in hand54/58€75k€18k▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€266k€222k▼
Equity10/15€118k€121k▲
Contributions10/11€12k€12k=
Reserves13€106k€109k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€106k€109k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€147k€101k▼
Amounts payable after more than one year17€13k€8k▼
Financial debts170/4€13k€8k▼
Amounts payable within one year42/48€135k€93k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€0-
Other loans439€0-
Trade debts44€107k€57k▼
Suppliers440/4€107k€57k▼
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€9k€7k▼
Remuneration and social security454/9€11k€10k▼
Other amounts payable47/48€3k€13k▲
Income statement
Code20232024
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€114k€121k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€141k€156k▲
Operating profit (loss)9901€16k€25k▲
Financial income75/76B€362€20▼
Recurring financial income75€362€20▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€15k€23k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€9k€15k▲
Profit (loss) for the period to be appropriated9905€9k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€15k▲
Transfer from equity791/2€0€12k▲
Transfer to equity691/2€9k€15k▲
To other reserves6921€9k€15k▲
Profit to be distributed694/7€0€12k▲
Return on contributions (dividend)694€0€12k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €27k ▲2.4%
Operating result €37k, net result €27k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €114k ▲29.6%
2 profitable years in a row build equity to €114k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-242 ▼105%
Net result drops to €-242, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Grimbergen · 1 establishment unit since 2001
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.
G. De Donderstraat 531852 GrimbergenGround area
531 m²
Building footprint
198 m²
Volume, LiDAR
661 m³
Parcel 23005A0220/00C000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
G. De Donderstraat 53, 1852 Grimbergen
since 20012.101.263.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005A0220/00C000 | Flanders | 531 m² | 1 · 198 m² | 5.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 316 EUR awarded · 316 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 316 EUR | 316 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
ETIB
BE 0890.483.457
Rumst · Eq €121k
RIK DESMET
BE 0454.108.171
Ardooie · Eq €121k
E-on Infra Technics
BE 0742.934.480
Beringen · Eq €121k
A.E.M.M.
BE 0701.913.279
Brugge · Eq €121k
DELTA TECHNICS
BE 0445.556.830
Heist-op-den-Berg · Eq €121k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,750 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2001
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.