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VERBEGO

Active
Public limited companyfounded 199333 yrs activeWilselsesteenweg 284, 3010 Leuven, BelgiumKBO/BCE: BE 0450.687.734
Summary

VERBEGO has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €128,911 and a net result of -€2,689. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability77▲+69
Solvency100=
Growth25▲+3
Track record92
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
cash: 0.3% of total assets, and 0% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
100%
Return on assets
-2.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€2,689
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 filings
Deviation from the deadline
2025
not confirmed
2024
57 d late
2023
66 d late
2022
67 d late
2021
101 d late
2020
466 d late
2019
832 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 265 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawn

History

On 30 July 1993, VERBEGO was incorporated.1 Revenue went from EUR 31,200 in 2018 to EUR 20,300 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Turnover
€20,300▲ 16.7%
2023 · €17,400
EBIT margin
-12.8%▲ 32.2pp
2023 · -45.0%
Net result
-€2,689▲ 66.0%
2023 · -€7,914
Working capital
€58,078▼ 2.4%
2022 · €59,485
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€17,400▼ 34.0%€17,400=€17,400=€17,400=€20,300▲ 16.7%
Operating result€147▼ 98.1%-€65-€2,837▼ 4,292%-€7,826▼ 176%-€2,593▲ 66.9%
Net result-€464-€5,922▼ 1,177%-€2,916▲ 50.8%-€7,914▼ 171%-€2,689▲ 66.0%
EBIT margin0.8%▼ 28.0pp-0.4%▼ 1.2pp-16.3%▼ 15.9pp-45.0%▼ 28.7pp-12.8%▲ 32.2pp
Equity€148,352▼ 0.3%€142,431▼ 4.0%€139,515▼ 2.0%€131,601▼ 5.7%€128,911▼ 2.0%
Total assets€153,562▼ 2.7%€146,197▼ 4.8%€139,983▼ 4.3%€131,948▼ 5.7%€128,911▼ 2.3%
Debt€5,210▼ 42.2%€3,766▼ 27.7%€468▼ 87.6%€348▼ 25.7%
Working capital€55,268▲ 12.3%€55,854▲ 1.1%€59,485▲ 6.5%€58,078▼ 2.4%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2020: €147€147Net result 2020: -€464-€464Operating result 2021: -€65-€65Net result 2021: -€5,922-€5,922Operating result 2022: -€2,837-€2,837Net result 2022: -€2,916-€2,916Operating result 2023: -€7,826-€7,826Net result 2023: -€7,914-€7,914Operating result 2024: -€2,593-€2,593Net result 2024: -€2,689-€2,68920202021202220232024-€8,000-€6,000-€4,000-€2,000€0Operating result 2022: -€2,837-€2,840Net result 2022: -€2,916-€2,920Operating result 2023: -€7,826-€7,830Net result 2023: -€7,914-€7,910Operating result 2024: -€2,593-€2,590Net result 2024: -€2,689-€2,690202220232024
The operating result stays negative: a loss of €2,593 in 2024 against €7,826 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128,911
Fixed assets €64,742 ▼ 11.9%
Current assets €64,169 ▲ 9.8%
Key figures and ratios
2024 value · change against 2023
EBITDA
€6,187▲
2023 · -€1,319
Cash flow
€6,091▲
2023 · -€1,407
Solvency
100.0%▲
2023 · 99.7%
ROE
-2.1%▲
2023 · -6.0%
ROA
-2.1%▲
2023 · -6.0%
Interest coverage
64.30▲
2023 · -15.02
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€131,948€128,911▼
Fixed assets21/28€73,522€64,742▼
Tangible fixed assets22/27€73,522€64,742▼
Land and buildings22€73,522€64,742▼
Current assets29/58€58,426€64,169▲
Amounts receivable within one year40/41€58,054€63,780▲
Trade receivables40€53,900€56,800▲
Other amounts receivable41€4,154€6,980▲
Cash at bank and in hand54/58€372€389▲
Equity and liabilities
Total equity and liabilities10/49€131,948€128,911▼
Equity10/15€131,601€128,911▼
Contributions10/11€148,736€148,736=
Capital10€148,736€148,736=
Issued capital100€148,736€148,736=
Profit (loss) carried forward14-€17,136-€19,825▼
Amounts payable17/49€348-
Amounts payable within one year42/48€348-
Trade debts44€348-
Suppliers440/4€348-
Income statement Code20232024
Turnover70€17,400€20,300▲
Goods, raw materials, services and sundry goods60/61€11,329€6,611▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,507€8,780▲
Other operating charges640/8€7,390€7,353▼
Non-recurring operating charges66A-€149
Gross operating margin9900€6,071€13,689▲
Operating profit (loss)9901-€7,826-€2,593▲
Financial charges65/66B€88€96▲
Recurring financial charges65€88€96▲
Non-recurring financial charges66B€88€96▲
Profit (loss) for the period before taxes9903-€7,914-€2,689▲
Profit (loss) for the period9904-€7,914-€2,689▲
Profit (loss) for the period to be appropriated9905-€7,914-€2,689▲
Appropriation of the result
Profit (loss) to be appropriated9906-€17,136-€19,825▼
Profit (loss) brought forward from the previous period14P-€9,221-€17,136▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€17,400€17,400€17,400€17,400€20,300▲ 16.7%
Goods, raw materials, services and sundry goods60/61€5,755€4,881€6,630€11,329€6,611▼ 41.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,507€6,507€6,547€6,507€8,780▲ 34.9%
Other operating charges640/8€4,991€6,076€7,060€7,390€7,353▼ 0.5%
Non-recurring operating charges66A----€149-
Gross operating margin9900€11,645€12,519€10,770€6,071€13,689▲ 125%
Operating profit (loss)9901€147-€65-€2,837-€7,826-€2,593▲ 66.9%
Financial income75/76B-€1----
Recurring financial income75-€1----
Non-recurring financial income76B-€1----
Financial charges65/66B€73€135€79€88€96▲ 9.5%
Recurring financial charges65€73€135€79€88€96▲ 9.5%
Non-recurring financial charges66B---€88€96▲ 9.5%
Profit (loss) for the period before taxes9903€74-€198-€2,916-€7,914-€2,689▲ 66.0%
Income taxes67/77€538€5,724----
Profit (loss) for the period9904-€464-€5,922-€2,916-€7,914-€2,689▲ 66.0%
Profit (loss) for the period to be appropriated9905-€464-€5,922-€2,916-€7,914-€2,689▲ 66.0%
Line20202021202220232024Change
Assets
Total assets20/58€153,562€146,197€139,983€131,948€128,911▼ 2.3%
Fixed assets21/28€93,084€86,577€80,030€73,522€64,742▼ 11.9%
Tangible fixed assets22/27€93,084€86,577€80,030€73,522€64,742▼ 11.9%
Land and buildings22€93,084€86,577€80,030€73,522€64,742▼ 11.9%
Current assets29/58€60,478€59,620€59,953€58,426€64,169▲ 9.8%
Amounts receivable within one year40/41€57,423€58,873€59,854€58,054€63,780▲ 9.9%
Trade receivables40€57,423€58,873€57,423€53,900€56,800▲ 5.4%
Other amounts receivable41--€2,431€4,154€6,980▲ 68.0%
Current investments50/53--€99---
Cash at bank and in hand54/58€3,055€746-€372€389▲ 4.6%
Equity and liabilities
Total equity and liabilities10/49€153,562€146,197€139,983€131,948€128,911▼ 2.3%
Equity10/15€148,352€142,431€139,515€131,601€128,911▼ 2.0%
Contributions10/11€148,736€148,736€148,736€148,736€148,736=
Capital10€148,736€148,736€148,736€148,736€148,736=
Issued capital100€148,736€148,736€148,736€148,736€148,736=
Profit (loss) carried forward14-€384-€6,306-€9,221-€17,136-€19,825▼ 15.7%
Amounts payable17/49€5,210€3,766€468€348--
Amounts payable within one year42/48€5,210€3,766€468€348--
Financial debts43€4,364€1,501----
Other loans439€4,364€1,501----
Trade debts44€845€2,265€468€348--
Suppliers440/4€845€2,265€468€348--
Line20202021202220232024Change
Profit (loss) for the period9904-€464-€5,922-€2,916-€7,914-€2,689▲ 66.0%
+ Depreciation and write-downs630€6,507€6,507€6,547€6,507€8,780▲ 34.9%
Operating cash flow (approximation)€6,043€585€3,631-€1,407€6,091▲ 533%
Investment in fixed assets (approximation)-€0-€0€0€0▼ 100%
Change in cash--€2,308--€17-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
26-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
05-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 66 days late
2023
31-12
Financial Weakest financial yearnet -€7,914
Net result drops to -€7,914, the lowest in the series; recovery starts the following year.
06-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
31-12
Financial Liquidity times 8current ratio 128.10
Current ratio from 15.83 to 128.10; short-term debt falls from €3,766 to €468.
25-11
KBO administration Strikeout withdrawn
event 10-11-2022
10-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 832 days late
10-11
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 1198 days late
10-11
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 1563 days late
09-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
09-11
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 466 days late
2014
04-03
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 216 days late
2012
13-07
NBB filing Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Leuven · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
391 m²
Building footprint
103 m²
Volume, LiDAR
686 m³
Parcel 24051A0112/00M000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
VERBEGO NV
Wilselsesteenweg 284, 3010 LeuvenNACE 70201
since 19932.063.368.657
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24051A0112/00M000 Flanders 391 m² 1 · 103 m² 9.8 m · 2 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.

Identification & contact

Identification
Legal formPublic limited company
Founded30-07-1993
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.