VERBISOL

Open bankruptcy

Private limited company (pre-2019)founded 2018Venecolaan 54, 9880 Aalter, BelgiumKBO/BCE: BE 0698.991.205

Summary

A bankruptcy procedure is open for VERBISOL according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2023 annual accounts show equity of €521k and a net result of €84k.

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Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

29 d late

2022

31 d late

2021

88 d late

2020

89 d late

2019

89 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, abbreviated schema

Equity

€521k▲ 19.1%

2022 · €438k

2019: €46k 2020: €94k 2021: €174k 2022: €438k

2019 → 2023

Total assets

€1.97M▲ 104%

2022 · €967k

2019: €273k 2020: €364k 2021: €600k 2022: €967k

2019 → 2023

Net result

€84k▼ 68.3%

2022 · €264k

2019: €26k 2020: €47k 2021: €80k 2022: €264k

2019 → 2023

Working capital

€455k▼ 17.1%

2022 · €549k

2019: €34k 2020: €64k 2021: €138k 2022: €549k

2019 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€46k-€94k▲ 102%€174k▲ 85.5%€438k▲ 152%€521k▲ 19.1%

Operating result€39k-€73k▲ 86.9%€126k▲ 73.9%€365k▲ 188%€149k▼ 59.1%

Net result€26k-€47k▲ 78.7%€80k▲ 69.6%€264k▲ 230%€84k▼ 68.3%

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 2023; 2023 is 59% below 2022.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.97M

91.3%

Fixed assets €171k ▲ 164%

Current assets €1.80M ▲ 99.3%

Equity and liabilities €1.97M

26.5%

73.5%

Equity €521k ▲ 19.1%

Debt €1.45M ▲ 174%

The debt ratio rises from 54.7% to 73.5%. Equity and debt are higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€171k▼

2022 · €376k

Cash flow

€105k▼

2022 · €275k

Current ratio

1.34▼

2022 · 2.55

Quick ratio

0.58▼

2022 · 0.72

Debt / equity

2.78▲

2022 · 1.21

ROE

16.0%▼

2022 · 60.3%

ROA

4.2%▼

2022 · 27.3%

Interest coverage

4.86▼

2022 · 18.10

Debt ≤ 1 year

€1.34M▲

2022 · €353k

Debt > 1 year

€105k▼

2022 · €176k

Income taxes

€37k▼

2022 · €92k

Staff costs

€63k▲

2022 · €52k

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 · 2023 against 2022 · 57 lines

Balance sheet Code20222023

Assets

Total assets20/58€967k€1.97M▲

Fixed assets21/28€65k€171k▲

Tangible fixed assets22/27€61k€168k▲

Plant, machinery and equipment23€41k€32k▼

Furniture and vehicles24€7k€126k▲

Other tangible fixed assets26€14k€10k▼

Financial fixed assets28€4k€4k=

Current assets29/58€902k€1.80M▲

Amounts receivable after more than one year29€130k€130k=

Other amounts receivable291€130k€130k=

Stocks and contracts in progress3€649k€1.01M▲

Stocks30/36€649k€1.01M▲

Contracts in progress37€0-

Amounts receivable within one year40/41€113k€576k▲

Trade receivables40€49k€437k▲

Other amounts receivable41€64k€138k▲

Cash at bank and in hand54/58€4k€74k▲

Deferred charges and accrued income490/1€6k€4k▼

Equity and liabilities

Total equity and liabilities10/49€967k€1.97M▲

Equity10/15€438k€521k▲

Contributions10/11€20k€20k=

Reserves13€418k€501k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€416k€499k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€529k€1.45M▲

Amounts payable after more than one year17€176k€105k▼

Financial debts170/4€176k€105k▼

Amounts payable within one year42/48€353k€1.34M▲

Current portion of amounts payable after more than one year42€21k€199k▲

Trade debts44€43k€1.03M▲

Suppliers440/4€43k€1.03M▲

Advances received on contracts in progress46€0-

Taxes, remuneration and social security45€135k€114k▼

Taxes450/3€131k€100k▼

Remuneration and social security454/9€4k€14k▲

Other amounts payable47/48€155k€0▼

Income statement Code20222023

Remuneration, social security and pensions62€52k€63k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€21k▲

Other operating charges640/8€8k€4k▼

Non-recurring operating charges66A€0-

Gross operating margin9900€436k€237k▼

Operating profit (loss)9901€365k€149k▼

Financial income75/76B€12k€6k▼

Recurring financial income75€12k€6k▼

Financial charges65/66B€21k€35k▲

Recurring financial charges65€21k€35k▲

Profit (loss) for the period before taxes9903€356k€120k▼

Income taxes67/77€92k€37k▼

Profit (loss) for the period9904€264k€84k▼

Profit (loss) for the period to be appropriated9905€264k€84k▼

Appropriation of the result

Profit (loss) to be appropriated9906€265k€84k▼

Profit (loss) brought forward from the previous period14P€734€0▼

Transfer to equity691/2€265k€84k▼

To other reserves6921€265k€84k▼

Social balance

Average headcount (FTE)90871.01.0=

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Signals 2Financial 4Filings 5

2026

26-01

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · VERBISOL BV VENECO- LAAN 54/C, 9880 AALTER · event 20-01-2026

2025

08-12

Interim measure Provisional administrator

Ondernemingsrechtbank Gent

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 29 days late

2023

31-12

Financial Equity above €500kEq €521k ▲19.1%

5 profitable years in a row build equity to €521k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

31-12

Financial Highest result since 2019net €264k ▲230%

Operating result €365k, net result €264k, both a record.

31-12

Financial Equity above €200kEq €438k ▲152%

4 profitable years in a row build equity to €438k.

27-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 88 days late

2021

31-12

Financial Equity above €150kEq €174k ▲85.5%

3 profitable years in a row build equity to €174k.

28-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 89 days late

2020

28-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 89 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Aalter · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Venecolaan 549880 Aalter

Ground area

1.3 ha

Building footprint

1,046 m²

Volume, LiDAR

116 m³

Parcel 44001B0083/00P007, Flanders · tallest building 1.3 m. Linked by address, not a title deed.

1 establishment unit

Verbisol

Venecolaan 54, 9880 AalterConstruction of residential and non-residential buildings

since 20182.277.283.549

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44001B0083/00P007	Flanders	1.3 ha	1 · 1,046 m²	1.2 m

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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	MARTHE OOSTHUYSE HAMILTONPARK 26-26, 8000 BRUGGE ↔ Also on 8 other cases	20-01-2026 → present
Curator	MARLIES DE BRABANDERE HAMILTONPARK 24-26, 8000 BRUGGE-	20-01-2026 → present