VERBEKE
ActiveVERBEKE has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €980k and a net result of €1k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 59% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-8
Solvency77▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.16 in 2024; short-term debt: 47.3% and cash: 0.4% of total assets), and 48.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · 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
51.7%
Return on assets
0.1%
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
40 d late
2022
57 d late
2021
23 d late
2020
61 d late
2019
16 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€980k▲ 0.1%
2024 · €979k
2018: €1.50M
2019: €1.49M
2021: €920k
2022: €981k
2023: €927k
2024: €979k
2018 → 2025
Total assets
€1.90M▼ 0.6%
2024 · €1.91M
2018: €2.79M
2019: €2.64M
2021: €1.94M
2022: €1.97M
2023: €1.90M
2024: €1.91M
2018 → 2025
Net result
€1k▼ 97.8%
2024 · €52k
2018: €-25k
2019: €-6k
2021: €30k
2022: €62k
2023: €-54k
2024: €52k
2018 → 2025
Working capital
€-802k▼ 5.5%
2024 · €-760k
2018: €-830k
2019: €-698k
2021: €-552k
2022: €-443k
2023: €-750k
2024: €-760k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€920k-€981k▲ 6.7%€927k▼ 5.5%€979k▲ 5.6%€980k▲ 0.1%
Operating result€85k-€126k▲ 48.3%€-24k€126k€61k▼ 51.2%
Net result€30k-€62k▲ 103%€-54k€52k€1k▼ 97.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.90M
Fixed assets
€1.80M▲ 2.5%
Current assets
€94k▼ 37.1%
Equity and liabilities €1.90M
Equity
€980k▲ 0.1%
Provisions
€19k=
Debt
€897k▼ 1.4%
The debt ratio falls from 47.7% to 47.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▼
2024 · €223k
Cash flow
€109k▼
2024 · €149k
Solvency
51.7%▲
2024 · 51.3%
Current ratio
0.10▼
2024 · 0.16
Quick ratio
0.06▼
2024 · 0.09
Debt / equity
0.91▼
2024 · 0.93
ROE
0.1%▼
2024 · 5.3%
ROA
0.1%▼
2024 · 2.7%
Interest coverage
2.82▼
2024 · 3.31
Debt
€897k▼
2024 · €909k
Debt ≤ 1 year
€896k▼
2024 · €909k
Income taxes
€3k▼
2024 · €31k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.91M€1.90M▼
Fixed assets21/28€1.76M€1.80M▲
Tangible fixed assets22/27€1.76M€1.80M▲
Land and buildings22€1.33M€1.27M▼
Plant, machinery and equipment23€427k€527k▲
Furniture and vehicles24€5k€3k▼
Current assets29/58€149k€94k▼
Stocks and contracts in progress3€68k€38k▼
Stocks30/36€68k€38k▼
Amounts receivable within one year40/41€34k€42k▲
Trade receivables40€20k€41k▲
Other amounts receivable41€15k€410▼
Cash at bank and in hand54/58€40k€8k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.90M▼
Equity10/15€979k€980k▲
Contributions10/11€666k€666k=
Capital10€666k€666k=
Issued capital100€666k€666k=
Reserves13€417k€417k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€409k€409k=
Profit (loss) carried forward14€-131k€-130k▲
Investment grants15€27k€27k=
Provisions and deferred taxes16€19k€19k=
Provisions for liabilities and charges160/5€19k€19k=
Environmental obligations163€19k€19k=
Amounts payable17/49€909k€897k▼
Amounts payable within one year42/48€909k€896k▼
Trade debts44€6k€16k▲
Suppliers440/4€6k€16k▲
Taxes, remuneration and social security45€34k€23k▼
Taxes450/3€34k€23k▼
Other amounts payable47/48€869k€857k▼
Accrued charges and deferred income492/3-€750
Income statement
Code20242025
Non-recurring operating income76A€52k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€108k▲
Other operating charges640/8€14k€14k▲
Gross operating margin9900€236k€183k▼
Operating profit (loss)9901€126k€61k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€67k€60k▼
Recurring financial charges65€67k€60k▼
Profit (loss) for the period before taxes9903€61k€4k▼
Transfer from deferred taxes780€22k-
Income taxes67/77€31k€3k▼
Profit (loss) for the period9904€52k€1k▼
Transfer from tax-exempt reserves789€43k-
Profit (loss) for the period to be appropriated9905€95k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-130k▼
Profit (loss) brought forward from the previous period14P€-131k€-131k▲
Transfer to equity691/2€95k-
To other reserves6921€95k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2023
31-12
Financial
Weakest financial yearnet €-54k ▼188%
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Highest result since 2018net €62k ▲103%
Operating result €126k, net result €62k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Poperinge · 3 establishment units since 1972
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.
Ouderdomseweg 10-128970 PoperingeGround area
3.2 ha
Building footprint
7,843 m²
Volume, LiDAR
9,823 m³
3 parcels, Flanders, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Ouderdomseweg 144, 8970 Poperinge
since 19722.007.477.653
Ouderdomseweg 144, 8970 Poperinge
since 19722.125.638.105
Chemin Preuscamp(M.E), 7822 Ath
since 19972.113.602.779
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51042B0620/00F000indicative | Wallonia | 2.1 ha | 1 · 5,864 m² | - |
| 33021E0243/00X000 | Flanders | 6,003 m² | 1 · 1,979 m² | 6.5 m · 2 fl. |
| 33021E0333/00B000 | Flanders | 4,522 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LEROY
BE 0425.659.061
Ieper · Eq €980k
BORNAUW JAN
BE 0861.753.839
Aalst · Eq €978k
MFL ENERGY
BE 0536.343.385
Walcourt · Eq €975k
BaWeTec
BE 0693.715.888
Houthalen-Helchteren · Eq €974k
LEUCKX PHILIP
BE 0477.589.101
Pajottegem · Eq €973k
Of 9,528 companies in sector 43222 we hold annual accounts for 5,658. 3,125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-09-1972
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
51550
45310
46610Wholesale trade
46720Wholesale of motor vehicle parts and accessories
46869Wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
50301
52481
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.