VERBAERE
ActiveSummary
The computed 12-month bankruptcy probability of VERBAERE is 2.3% (moderate). The 2024 annual accounts show negative equity (-€77,193) and a net result of -€9,909. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 5% of 36380 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-72
Solvency0=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.24 in 2023; short-term debt: 768.2% and cash: 8.7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-668.2%
Return on assets
-85.8%
Age of the figures
21 mo
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
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€77,193
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 30-05-2025, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
62 d early
2023
44 d early
2022
48 d early
2021
46 d early
2020
40 d early
2019
39 d early
← 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 47 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€77,193▼ 14.7%
2023 · -€67,284
Total assets
€11,552▼ 51.9%
2023 · €24,002
Net result
-€9,909
2023 · €685
Working capital
-€78,659▼ 13.2%
2023 · -€69,479
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€4,192▲ 223%-€778€576€759▲ 31.6%-€9,828
Net result€4,125within the sector's middle half▲ 232%€88below the sector's middle half▼ 97.9%€501below the sector's middle half▲ 469%€685within the sector's middle half▲ 36.6%-€9,909below the sector's middle half
Equity-€68,558below the sector's middle half▲ 5.7%-€68,470below the sector's middle half▲ 0.1%-€67,969below the sector's middle half▲ 0.7%-€67,284below the sector's middle half▲ 1.0%-€77,193below the sector's middle half▼ 14.7%
Total assets€34,536below the sector's middle half▲ 57.5%€16,322below the sector's middle half▼ 52.7%€29,806below the sector's middle half▲ 82.6%€24,002below the sector's middle half▼ 19.5%€11,552below the sector's middle half▼ 51.9%
Debt€103,095▲ 9.0%€84,793▼ 17.8%€97,775▲ 15.3%€91,286▼ 6.6%€88,744▼ 2.8%
Working capital-€70,321▲ 5.4%-€70,540▼ 0.3%-€69,291▲ 1.8%-€69,479▼ 0.3%-€78,659▼ 13.2%
Solvency-198.5%below the sector's middle half▲ 132.9pp-419.5%below the sector's middle half▼ 221.0pp-228.0%below the sector's middle half▲ 191.4pp-280.3%below the sector's middle half▼ 52.3pp-668.2%below the sector's middle half▼ 387.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9,828 after €759 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10,494
Fixed assets
€409 ▼ 52.8%
Current assets
€10,086 ▼ 53.7%
Key figures and ratios
EBITDA
-€9,099▼
2023 · €1,247
Cash flow
-€9,180▼
2023 · €1,174
Current ratio
0.11▼
2023 · 0.24
Debt to equity
-1.15▲
2023 · -1.36
ROA
-85.8%▼
2023 · 2.9%
Interest coverage
-112.04▼
2023 · 16.83
Debt ≤ 1 year
€88,744▼
2023 · €91,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,940 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,144 | €718 | €748 | €489 | €729 | ▲ 49.2% |
| Other operating charges640/8 | - | €101 | €450 | €493 | €505 | ▲ 2.4% |
| Gross operating margin9900 | €5,683 | €41 | €1,774 | €1,741 | -€8,593 | ▼ 594% |
| Operating profit (loss)9901 | €4,192 | -€778 | €576 | €759 | -€9,828 | ▼ 1,395% |
| Financial income75/76B | - | €939 | - | €0 | - | - |
| Recurring financial income75 | €0 | €939 | - | €0 | - | - |
| Financial charges65/66B | - | €72 | €75 | €74 | €81 | ▲ 9.6% |
| Recurring financial charges65 | €67 | €72 | €75 | €74 | €81 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | €4,125 | €88 | €501 | €685 | -€9,909 | ▼ 1,547% |
| Profit (loss) for the period9904 | €4,125 | €88 | €501 | €685 | -€9,909 | ▼ 1,547% |
| Profit (loss) for the period to be appropriated9905 | €4,125 | €88 | €501 | €685 | -€9,909 | ▼ 1,547% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,536 | €16,322 | €29,806 | €24,002 | €11,552 | ▼ 51.9% |
| Formation expenses20 | - | - | - | €1,330 | €1,057 | ▼ 20.5% |
| Fixed assets21/28 | €1,762 | €2,070 | €1,322 | €865 | €409 | ▼ 52.8% |
| Tangible fixed assets22/27 | €1,762 | €2,070 | €1,322 | €865 | €409 | ▼ 52.8% |
| Plant, machinery and equipment23 | - | €2,070 | €1,322 | €865 | €409 | ▼ 52.8% |
| Current assets29/58 | €32,774 | €14,253 | €28,484 | €21,807 | €10,086 | ▼ 53.7% |
| Amounts receivable within one year40/41 | €17,828 | €8,037 | €17,173 | €21,515 | €9,082 | ▼ 57.8% |
| Trade receivables40 | - | €346 | €9,744 | €15,102 | €570 | ▼ 96.2% |
| Other amounts receivable41 | - | €7,691 | €7,429 | €6,413 | €8,512 | ▲ 32.7% |
| Cash at bank and in hand54/58 | €14,945 | €6,216 | €11,311 | €292 | €1,004 | ▲ 244% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,536 | €16,322 | €29,806 | €24,002 | €11,552 | ▼ 51.9% |
| Equity10/15 | -€68,558 | -€68,470 | -€67,969 | -€67,284 | -€77,193 | ▼ 14.7% |
| Contributions10/11 | - | €6,510 | €6,510 | €6,510 | €6,510 | = |
| Profit (loss) carried forward14 | -€75,068 | -€74,980 | -€74,479 | -€73,794 | -€83,703 | ▼ 13.4% |
| Amounts payable17/49 | €103,095 | €84,793 | €97,775 | €91,286 | €88,744 | ▼ 2.8% |
| Amounts payable within one year42/48 | €103,095 | €84,793 | €97,775 | €91,286 | €88,744 | ▼ 2.8% |
| Trade debts44 | €12,699 | - | - | €243 | €356 | ▲ 46.5% |
| Suppliers440/4 | - | - | - | €243 | €356 | ▲ 46.5% |
| Other amounts payable47/48 | - | €84,793 | €97,775 | €91,043 | €88,389 | ▼ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,125 | €88 | €501 | €685 | -€9,909 | ▼ 1,547% |
| + Depreciation and write-downs630 | €1,144 | €718 | €748 | €489 | €729 | ▲ 49.2% |
| Operating cash flow (approximation) | €5,269 | €806 | €1,250 | €1,174 | -€9,180 | ▼ 882% |
| Investment in fixed assets (approximation) | - | -€1,026 | €0 | -€32 | -€272 | ▼ 749% |
| Change in cash | - | -€8,730 | €5,095 | -€11,020 | €712 | ▲ 106% |
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
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€9,909
Net result drops to -€9,909, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €4,125 ▲232%
Operating result €4,192, net result €4,125, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,243
Net result €1,243 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2009
Ground area
140 m²
Building footprint
79 m²
Volume, LiDAR
631 m³
Parcel 11303C0162/00Z002, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hilda Ramstraat 24, 2600 Antwerpen
since 20092.183.366.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0162/00Z002 | Flanders | 140 m² | 1 · 79 m² | 11.5 m · 3 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.
Similar companies · same sector and region
BAX DECO
BE 0479.632.039
Antwerpen
D'HAESE D PAINTS
BE 0757.863.572
Antwerpen
Fatih Cetin Group
BE 0747.868.119
Antwerpen
HUFKENS DECORATIE
BE 0836.878.980
Antwerpen
ICOLOR
BE 0831.827.161
Antwerpen
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
46833Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821020173
Also
9925:BE0821020173
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.