VERBEKE - DEVOS
ActiveVERBEKE - DEVOS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €948k and a net result of €238k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 7744 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 5.61 against 3.33 in 2024; short-term debt: 16.1% and cash: 32.5% of total assets), and 16.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
83.6%
Return on assets
21%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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
26 d late
2024
4 d late
2023
on the day
2022
27 d late
2021
25 d late
2020
25 d late
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€948k▲ 33.6%
2024 · €710k
2019: €545k
2020: €734k
2021: €988k
2022: €1.21M
2023: €459k
2024: €710k
2019 → 2025
Total assets
€1.13M▲ 14.6%
2024 · €989k
2019: €735k
2020: €931k
2021: €1.13M
2022: €1.37M
2023: €1.57M
2024: €989k
2019 → 2025
Net result
€238k▼ 4.7%
2024 · €250k
2019: €158k
2020: €217k
2021: €254k
2022: €219k
2023: €252k
2024: €250k
2019 → 2025
Working capital
€844k▲ 32.7%
2024 · €636k
2019: €466k
2020: €647k
2021: €855k
2022: €1.09M
2023: €367k
2024: €636k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€988k-€1.21M▲ 22.2%€459k▼ 61.9%€710k▲ 54.5%€948k▲ 33.6%
Operating result€331k-€283k▼ 14.7%€314k▲ 11.2%€314k▼ 0.2%€299k▼ 4.5%
Net result€254k-€219k▼ 13.7%€252k▲ 15.0%€250k▼ 0.8%€238k▼ 4.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€107k▲ 31.4%
Current assets
€1.03M▲ 13.1%
Equity and liabilities €1.13M
Equity
€948k▲ 33.6%
Debt
€185k▼ 33.7%
The debt ratio falls from 28.3% to 16.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€330k▼
2024 · €333k
Cash flow
€269k▼
2024 · €270k
Solvency
83.6%▲
2024 · 71.7%
Current ratio
5.61▲
2024 · 3.33
Quick ratio
5.61▲
2024 · 3.33
Debt / equity
0.20▼
2024 · 0.39
ROE
25.1%▼
2024 · 35.3%
ROA
21.0%▼
2024 · 25.3%
Interest coverage
23.01▲
2024 · 18.30
Debt
€185k▼
2024 · €280k
Debt ≤ 1 year
€183k▼
2024 · €272k
Income taxes
€80k▼
2024 · €88k
Staff costs
€50k▼
2024 · €153k
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€989k€1.13M▲
Fixed assets21/28€81k€107k▲
Intangible fixed assets21€1k€421▼
Tangible fixed assets22/27€80k€106k▲
Land and buildings22€52k€47k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€19k€52k▲
Other tangible fixed assets26€4k€3k▼
Current assets29/58€908k€1.03M▲
Amounts receivable after more than one year29€200k€200k=
Trade receivables290€200k€200k=
Amounts receivable within one year40/41€280k€202k▼
Trade receivables40€184k€133k▼
Other amounts receivable41€96k€69k▼
Current investments50/53€211k€211k=
Cash at bank and in hand54/58€180k€369k▲
Deferred charges and accrued income490/1€37k€45k▲
Equity and liabilities
Total equity and liabilities10/49€989k€1.13M▲
Equity10/15€710k€948k▲
Contributions10/11€19k€19k=
Reserves13€691k€930k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€253k€337k▲
Distributable reserves133€439k€593k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€280k€185k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€272k€183k▼
Current portion of amounts payable after more than one year42€4k€0▼
Trade debts44€66k€50k▼
Suppliers440/4€66k€50k▼
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€3k€1k▼
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€191k€121k▼
Accrued charges and deferred income492/3€7k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€153k€50k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€31k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€489k€383k▼
Operating profit (loss)9901€314k€299k▼
Financial income75/76B€43k€34k▼
Recurring financial income75€43k€34k▼
Financial charges65/66B€18k€14k▼
Recurring financial charges65€18k€14k▼
Profit (loss) for the period before taxes9903€338k€319k▼
Income taxes67/77€88k€80k▼
Profit (loss) for the period9904€250k€238k▼
Transfer from tax-exempt reserves789€71k€0▼
Transfer to tax-exempt reserves689€84k€84k=
Profit (loss) for the period to be appropriated9905€237k€154k▼
Appropriation of the result
Profit (loss) to be appropriated9906€237k€154k▼
Transfer from equity791/2€0-
Transfer to equity691/2€237k€154k▼
To other reserves6921€237k€154k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90873.11.0▼
The notes to these accounts (12 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
30-06
Financial
Liquidity triplescurrent ratio 3.33
Current ratio from 1.33 to 3.33; short-term debt falls from €1.10M to €272k.
30-06
Financial
Equity above €500kEq €710k ▲54.5%
6 profitable years in a row build equity to €710k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 27 days late
2022
30-06
Financial
Equity above €1MEq €1.21M ▲22.2%
4 profitable years in a row build equity to €1.21M.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-06
Financial
Highest result since 2019net €254k ▲17.1%
Operating result €331k, net result €254k, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
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
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, Kortrijk · 1 establishment unit since 1992
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.
Moeskroensestraat(Rol) 548510 KortrijkGround area
1,754 m²
Building footprint
43 m²
Volume, LiDAR
114 m³
Parcel 34033A0501/00C000, Flanders · tallest building 3.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VERBEKE-DEVOS
since 19922.059.239.526
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033A0501/00C000 | Flanders | 1,754 m² | 1 · 43 m² | 3.2 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
2024 · 1 entry · 75 EUR awarded · 75 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 75 EUR | 75 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
967600QRC7S0BOE05L36
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TPNS
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 529 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-1992
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.