VERBANO
ActiveSummary
For VERBANO, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €582k and a net result of €50k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 4488 sector peers (fiscal year 2022). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability58▲+58
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2022Solvency, return and age of the figures
Solvency
93.8%
Return on assets
8%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-06-2023, 34 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
34 d early
2021
31 d late
2020
89 d late
2019
105 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€50k
2021 · €-108k
2018: €-62k
2019: €22k▲ +135% vs 2018
2020: €-54k▼ -347% vs 2019
2021: €-108k▼ -101% vs 2020lowest in 5 years
2022: €50k▲ +146% vs 2021highest in 5 years
2018 → 2022
Working capital
€583k▲ 9.4%
2021 · €533k
2018: €673k
2019: €694k▲ +3.2% vs 2018highest in 5 years
2020: €640k▼ -7.7% vs 2019
2021: €533k▼ -16.8% vs 2020lowest in 5 years
2022: €583k▲ +9.4% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€672k-€694k▲ 3.2%€640k▼ 7.7%€533k▼ 16.8%€582k▲ 9.3%
2018: €672k
2019: €694k▲ +3.2% vs 2018highest in 5 years
2020: €640k▼ -7.7% vs 2019
2021: €533k▼ -16.8% vs 2020lowest in 5 years
2022: €582k▲ +9.3% vs 2021
Operating result€-55k-€30k€-53k€-107k▼ 103%€49k
2018: €-55k
2019: €30k▲ +155% vs 2018
2020: €-53k▼ -274% vs 2019
2021: €-107k▼ -103% vs 2020lowest in 5 years
2022: €49k▲ +146% vs 2021highest in 5 years
Net result€-62k-€22k€-54k€-108k▼ 101%€50k
2018: €-62k
2019: €22k▲ +135% vs 2018
2020: €-54k▼ -347% vs 2019
2021: €-108k▼ -101% vs 2020lowest in 5 years
2022: €50k▲ +146% vs 2021highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €49k after a loss of €107k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €621k
Equity
€582k ▲ 9.3%
Debt
€39k ▼ 10.1%
Debt's share of the balance-sheet total falls from 7.5% to 6.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
16.15▲
2021 · 13.33
Quick ratio
10.07▲
2021 · 5.59
Debt to equity
0.07▼
2021 · 0.08
ROE
8.5%▲
2021 · -20.2%
ROA
8.0%▲
2021 · -18.7%
Debt ≤ 1 year
€38k▼
2021 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 32 lines
Balance sheet
Code20212022
Assets
Total assets20/58€576k€621k▲
Current assets29/58€576k€621k▲
Stocks and contracts in progress3€334k€234k▼
Stocks30/36€334k€234k▼
Amounts receivable within one year40/41€111k€387k▲
Trade receivables40€2k€2k=
Other amounts receivable41€109k€384k▲
Cash at bank and in hand54/58€130k€746▼
Equity and liabilities
Total equity and liabilities10/49€576k€621k▲
Equity10/15€533k€582k▲
Contributions10/11€800k€800k=
Outside capital11€800k€800k=
Other1109/19€800k€800k=
Profit (loss) carried forward14€-267k€-218k▲
Amounts payable17/49€43k€39k▼
Amounts payable within one year42/48€43k€38k▼
Trade debts44€41k€38k▼
Suppliers440/4€41k€38k▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3-€361
Income statement
Code20212022
Other operating charges640/8€89k€1k▼
Gross operating margin9900€-18k€51k▲
Operating profit (loss)9901€-107k€49k▲
Financial income75/76B€480€1k▲
Recurring financial income75€480€1k▲
Financial charges65/66B€602€602▼
Recurring financial charges65€602€602▼
Profit (loss) for the period before taxes9903€-108k€50k▲
Profit (loss) for the period9904€-108k€50k▲
Profit (loss) for the period to be appropriated9905€-108k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-267k€-218k▲
Profit (loss) brought forward from the previous period14P€-160k€-267k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €565 | €565 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €89k | €1k | ▼ 98.6% |
| Gross operating margin9900 | €-21k | €49k | €-50k | €-18k | €51k | ▲ 380% |
| Operating profit (loss)9901 | €-55k | €30k | €-53k | €-107k | €49k | ▲ 146% |
| Financial income75/76B | - | - | - | €480 | €1k | ▲ 109% |
| Recurring financial income75 | €2k | €3k | €4 | €480 | €1k | ▲ 109% |
| Financial charges65/66B | - | - | - | €602 | €602 | ▼ 0.1% |
| Recurring financial charges65 | €8k | €11k | €645 | €602 | €602 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | €-62k | €22k | €-54k | €-108k | €50k | ▲ 146% |
| Profit (loss) for the period9904 | €-62k | €22k | €-54k | €-108k | €50k | ▲ 146% |
| Profit (loss) for the period to be appropriated9905 | €-62k | €22k | €-54k | €-108k | €50k | ▲ 146% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.27M | €804k | €703k | €576k | €621k | ▲ 7.9% |
| Formation expenses20 | €565 | - | - | - | - | - |
| Current assets29/58 | €1.27M | €804k | €703k | €576k | €621k | ▲ 7.9% |
| Stocks and contracts in progress3 | €1.12M | €453k | €465k | €334k | €234k | ▼ 30.1% |
| Stocks30/36 | - | - | - | €334k | €234k | ▼ 30.1% |
| Amounts receivable within one year40/41 | €136k | €184k | €183k | €111k | €387k | ▲ 247% |
| Trade receivables40 | - | - | - | €2k | €2k | = |
| Other amounts receivable41 | - | - | - | €109k | €384k | ▲ 253% |
| Cash at bank and in hand54/58 | €6k | €155k | €55k | €130k | €746 | ▼ 99.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.27M | €804k | €703k | €576k | €621k | ▲ 7.9% |
| Equity10/15 | €672k | €694k | €640k | €533k | €582k | ▲ 9.3% |
| Contributions10/11 | €800k | €800k | - | €800k | €800k | = |
| Outside capital11 | - | - | - | €800k | €800k | = |
| Other1109/19 | - | - | - | €800k | €800k | = |
| Profit (loss) carried forward14 | €-128k | €-106k | €-160k | €-267k | €-218k | ▲ 18.6% |
| Amounts payable17/49 | €593k | €110k | €63k | €43k | €39k | ▼ 10.1% |
| Amounts payable within one year42/48 | €592k | €110k | €63k | €43k | €38k | ▼ 10.9% |
| Trade debts44 | €51k | €83k | €44k | €41k | €38k | ▼ 6.3% |
| Suppliers440/4 | - | - | - | €41k | €38k | ▼ 6.3% |
| Other amounts payable47/48 | - | - | - | €2k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €361 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-62k | €22k | €-54k | €-108k | €50k | ▲ 146% |
| + Depreciation and write-downs630 | €565 | €565 | - | - | - | - |
| Operating cash flow (approximation) | €-61k | €22k | €-54k | €-108k | €50k | ▲ 146% |
| Change in cash | - | €149k | €-100k | €75k | €-130k | ▼ 273% |
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
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €50k
Net result €50k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 105 days late
2019
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 7.31
Current ratio from 2.14 to 7.31; short-term debt falls from €592k to €110k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Malmedy · 1 establishment unit since 2014
Ground area
1,621 m²
Building footprint
362 m²
Volume, LiDAR
3,524 m³
2 parcels, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VERBANO
since 20142.237.192.162
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63502C0201/00B002 | Wallonia | 1,299 m² | 1 · 90 m² | - |
| 63049D0209/00P002indicative | Wallonia | 322 m² | 1 · 273 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,561 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.