VERBIEST
ActiveSummary
VERBIEST has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €442,425 and a net result of -€14,689. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-34
Solvency97▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.31 against 5.31 in 2024; short-term debt: 27.7% and cash: 48% of total assets), and 28.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
37 d early
2022
34 d early
2021
31 d early
2020
44 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€14,689
2024 · €403,044
Working capital
€394,396▼ 43.5%
2024 · €698,270
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Operating result€121,860▲ 61.1%€74,549▼ 38.8%-€4,268€607,654-€18,700
Net result€107,342within the sector's middle half▲ 53.3%€59,005within the sector's middle half▼ 45.0%-€25,167below the sector's middle half€403,044above the sector's middle half-€14,689below the sector's middle half
Equity€312,703within the sector's middle half▲ 17.8%€346,707within the sector's middle half▲ 10.9%€321,540within the sector's middle half▼ 7.3%€724,585within the sector's middle half▲ 125%€442,425within the sector's middle half▼ 38.9%
Total assets€1.2mwithin the sector's middle half▲ 12.2%€1.2mwithin the sector's middle half▼ 0.5%€1.0mwithin the sector's middle half▼ 11.5%€948,143within the sector's middle half▼ 8.8%€616,605within the sector's middle half▼ 35.0%
Debt€867,737▲ 10.3%€827,369▼ 4.7%€718,065▼ 13.2%€223,558▼ 68.9%€174,180▼ 22.1%
Working capital€259,012within the sector's middle half▼ 5.2%€255,468within the sector's middle half▼ 1.4%€216,168within the sector's middle half▼ 15.4%€698,270above the sector's middle half▲ 223%€394,396within the sector's middle half▼ 43.5%
Solvency26.5%within the sector's middle half▲ 1.3pp29.5%within the sector's middle half▲ 3.0pp30.9%within the sector's middle half▲ 1.4pp76.4%above the sector's middle half▲ 45.5pp71.8%above the sector's middle half▼ 4.7pp
Current ratio1.79within the sector's middle half▼ 0.211.83within the sector's middle half▲ 0.051.84within the sector's middle half=5.31above the sector's middle half▲ 3.483.31above the sector's middle half▼ 2.00
Return on assets (ROA)9.1%within the sector's middle half▲ 2.4pp5.0%within the sector's middle half▼ 4.1pp-2.4%below the sector's middle half▼ 7.4pp42.5%above the sector's middle half▲ 44.9pp-2.4%below the sector's middle half▼ 44.9pp
Staff (FTE)1.9below the sector's middle half▼ 5.0%2within the sector's middle half▲ 5.3%2within the sector's middle half=1.7within the sector's middle half▼ 15.0%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18,700 after €607,654 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €616,605
Fixed assets
€51,532 ▼ 41.4%
Current assets
€565,074 ▼ 34.3%
Equity and liabilities €616,605
Equity
€442,425 ▼ 38.9%
Debt
€174,180 ▼ 22.1%
Debt's share of the balance-sheet total rises from 23.6% to 28.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31,946▼
2024 · €655,137
Cash flow
€35,956▼
2024 · €450,528
Quick ratio
2.98▼
2024 · 4.94
Debt to equity
0.39▲
2024 · 0.31
ROE
-3.3%▼
2024 · 55.6%
Interest coverage
9.76▼
2024 · 20.78
Debt ≤ 1 year
€170,678▲
2024 · €161,924
Debt > 1 year
€0▼
2024 · €7,768
Income taxes
€284▼
2024 · €183,873
Staff costs
€0▼
2024 · €46,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €10,744 | €15,900 | - | €668,869 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €102,878 | €106,633 | €101,542 | €46,712 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,826 | €65,638 | €57,088 | €47,483 | €50,645 | ▲ 6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€1,766 | - | - | €5,674 | -€5,674 | ▼ 200% |
| Other operating charges640/8 | €7,339 | €6,225 | €5,690 | €6,655 | €3,679 | ▼ 44.7% |
| Gross operating margin9900 | €284,137 | €253,045 | €160,052 | €714,177 | €29,951 | ▼ 95.8% |
| Operating profit (loss)9901 | €121,860 | €74,549 | -€4,268 | €607,654 | -€18,700 | ▼ 103% |
| Financial income75/76B | €11,964 | €12,128 | €10,301 | €10,793 | €7,568 | ▼ 29.9% |
| Recurring financial income75 | €11,964 | €12,128 | €10,301 | €10,793 | €7,568 | ▼ 29.9% |
| Financial charges65/66B | €18,344 | €21,766 | €31,200 | €31,529 | €3,274 | ▼ 89.6% |
| Recurring financial charges65 | €18,344 | €21,766 | €31,200 | €31,529 | €3,274 | ▼ 89.6% |
| Profit (loss) for the period before taxes9903 | €115,479 | €64,911 | -€25,167 | €586,917 | -€14,405 | ▼ 102% |
| Income taxes67/77 | €8,137 | €5,906 | - | €183,873 | €284 | ▼ 99.8% |
| Profit (loss) for the period9904 | €107,342 | €59,005 | -€25,167 | €403,044 | -€14,689 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €107,342 | €59,005 | -€25,167 | €403,044 | -€14,689 | ▼ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.0m | €948,143 | €616,605 | ▼ 35.0% |
| Fixed assets21/28 | €592,438 | €612,031 | €565,078 | €87,948 | €51,532 | ▼ 41.4% |
| Intangible fixed assets21 | - | €17,326 | €13,627 | €9,928 | €6,229 | ▼ 37.3% |
| Tangible fixed assets22/27 | €591,688 | €593,955 | €550,701 | €74,720 | €41,532 | ▼ 44.4% |
| Land and buildings22 | €445,389 | €444,971 | €433,631 | €0 | - | - |
| Plant, machinery and equipment23 | €25,046 | €42,432 | €37,339 | €25,604 | €16,139 | ▼ 37.0% |
| Furniture and vehicles24 | €39,333 | €44,000 | €36,547 | €25,299 | €20,945 | ▼ 17.2% |
| Leasing and similar rights25 | €81,920 | €62,552 | €43,184 | €23,816 | €4,448 | ▼ 81.3% |
| Financial fixed assets28 | €750 | €750 | €750 | €3,300 | €3,770 | ▲ 14.2% |
| Current assets29/58 | €588,002 | €562,045 | €474,527 | €860,194 | €565,074 | ▼ 34.3% |
| Stocks and contracts in progress3 | €109,567 | €143,477 | €101,684 | €60,639 | €56,740 | ▼ 6.4% |
| Stocks30/36 | €109,567 | €143,477 | €101,684 | €60,639 | €56,740 | ▼ 6.4% |
| Amounts receivable within one year40/41 | €401,355 | €342,384 | €322,325 | €429,354 | €105,271 | ▼ 75.5% |
| Trade receivables40 | €85,747 | €83,630 | €65,045 | €139,692 | €78,147 | ▼ 44.1% |
| Other amounts receivable41 | €315,608 | €258,754 | €257,280 | €289,662 | €27,124 | ▼ 90.6% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €68,443 | €59,807 | €34,005 | €351,978 | €296,063 | ▼ 15.9% |
| Deferred charges and accrued income490/1 | €8,637 | €16,378 | €16,514 | €18,223 | €7,000 | ▼ 61.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.0m | €948,143 | €616,605 | ▼ 35.0% |
| Equity10/15 | €312,703 | €346,707 | €321,540 | €724,585 | €442,425 | ▼ 38.9% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €136,973 | ▲ 121% |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €136,973 | ▲ 121% |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €136,973 | ▲ 121% |
| Reserves13 | €250,729 | €284,734 | €259,567 | €662,611 | €370,048 | ▼ 44.2% |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €13,634 | ▲ 120% |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €13,634 | ▲ 120% |
| Distributable reserves133 | €244,532 | €278,537 | €253,370 | €656,414 | €356,414 | ▼ 45.7% |
| Profit (loss) carried forward14 | - | - | - | - | -€64,597 | - |
| Amounts payable17/49 | €867,737 | €827,369 | €718,065 | €223,558 | €174,180 | ▼ 22.1% |
| Amounts payable after more than one year17 | €501,516 | €477,460 | €410,599 | €7,768 | €0 | ▼ 100% |
| Financial debts170/4 | €501,516 | €477,460 | €410,599 | €7,768 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €328,990 | €306,577 | €258,359 | €161,924 | €170,678 | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | €54,307 | €65,768 | €66,861 | €17,341 | €7,768 | ▼ 55.2% |
| Financial debts43 | €100,000 | €100,070 | €100,000 | €0 | - | - |
| Credit institutions430/8 | €100,000 | €100,070 | €100,000 | €0 | - | - |
| Trade debts44 | €67,129 | €79,673 | €70,410 | €132,503 | €157,312 | ▲ 18.7% |
| Suppliers440/4 | €67,129 | €79,673 | €70,410 | €132,503 | €157,312 | ▲ 18.7% |
| Taxes, remuneration and social security45 | €5,797 | €1,596 | €3,275 | €8,720 | €2,296 | ▼ 73.7% |
| Taxes450/3 | €4,795 | €1,596 | €3,275 | €8,720 | €2,296 | ▼ 73.7% |
| Remuneration and social security454/9 | €1,002 | - | - | - | - | - |
| Other amounts payable47/48 | €101,757 | €59,471 | €17,813 | €3,360 | €3,303 | ▼ 1.7% |
| Accrued charges and deferred income492/3 | €37,231 | €43,332 | €49,107 | €53,866 | €3,502 | ▼ 93.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107,342 | €59,005 | -€25,167 | €403,044 | -€14,689 | ▼ 104% |
| + Depreciation and write-downs630 | €53,826 | €65,638 | €57,088 | €47,483 | €50,645 | ▲ 6.7% |
| Operating cash flow (approximation) | €161,169 | €124,642 | €31,921 | €450,528 | €35,956 | ▼ 92.0% |
| Investment in fixed assets (approximation) | - | -€85,231 | -€10,135 | €429,647 | -€14,228 | ▼ 103% |
| Change in cash | - | -€8,636 | -€25,802 | €317,973 | -€55,915 | ▼ 118% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-01
State Gazette act
Capital & shares · RestructuringMerger · Dissolution · Capital increase13 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Dissolution · Capital increase13 facts ▸
- General meeting, 31/12/2025
- Merger, 31/12/2025
- Dissolution, 31-12-2025
- Capital increase, €75.000
- Capital, €136.973,38
- Share issue, 112
- Accounting effect, 01/07/2025
- Net-asset statement, 30/06/2025
- Power of attorney, Van Looy Accountants
- Statutes amendment
- Exchange ratio, 0.4033, 112
- Asset value, 31/12/2024
- +1 further facts in this act
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €403,044
Net result €403,044 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 5.31
Current ratio from 1.84 to 5.31; short-term debt falls from €258,359 to €161,924.
31-12
Financial
Equity above €500,000Eq €724,585 ▲125%
Equity rises from €321,540 to €724,585.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€25,167
Net result drops to -€25,167, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €70,011
Net result €70,011 after one loss-making year.
Show earlier events
31-12
Financial
Equity above €200,000Eq €265,360 ▲35.8%
Equity rises from €195,350 to €265,360.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 1999
Ground area
1,177 m²
Building footprint
828 m²
Volume, LiDAR
8,852 m³
Parcel 13454R0536/00B009, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Baron Frans du Fourstraat 66, 2300 Turnhout
since 19992.091.791.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13454R0536/00B009 | Flanders | 1,177 m² | 1 · 828 m² | 14.5 m · 4 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.
Structure & network
Owners and holdings
1 ownerChain of control
- F & M GROUP
- VERBIEST
Highest known parent: F & M GROUP. The sources do not say who stands above it.
Owners 1
- F & M GROUPparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:F&M GROUP
Capital and shareholders
Capital over the years
- 20-01-2026 Capital increase of 75,000 EUR · 112 new shares
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 495 EUR awarded · 495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 129 EUR | 129 EUR |
| 2022 | 1 | 366 EUR | 366 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 9,714 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68110Buying and selling of own real estate
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466472208
Also
9925:BE0466472208
Registered
21-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.