VERBO
ActiveSummary
VERBO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €265,051 and a net result of €175,258. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+17
Solvency63▲+13
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 8.96 in 2024; short-term debt: 47% and cash: 27.9% of total assets), but 62.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
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
37.9%
Return on assets
25.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €265,051
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
24 d early
2023
21 d early
2022
34 d early
2021
4 d early
2020
36 d early
2019
18 d late
← 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 18 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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 7 July (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
In the rankings
#2 oldest company in Mortsel, Manufacturing sector#6 company by total assets in Mortsel, Manufacturing sector#7 company by equity in Mortsel, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€175,258▲ 62.5%
2024 · €107,836
Working capital
€342,097▼ 57.6%
2024 · €807,073
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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€174,990▼ 15.5%€132,728▼ 24.2%€93,723▼ 29.4%€104,258▲ 11.2%€171,533▲ 64.5%
Net result€179,597within the sector's middle half▼ 15.4%€140,771within the sector's middle half▼ 21.6%€102,659within the sector's middle half▼ 27.1%€107,836within the sector's middle half▲ 5.0%€175,258within the sector's middle half▲ 62.5%
Equity€353,527within the sector's middle half▲ 2.8%€374,299within the sector's middle half▲ 5.9%€131,957below the sector's middle half▼ 64.7%€239,793below the sector's middle half▲ 81.7%€265,051below the sector's middle half▲ 10.5%
Total assets€945,823within the sector's middle half▲ 19.8%€1.2mwithin the sector's middle half▲ 22.3%€1.1mwithin the sector's middle half▼ 2.6%€958,827within the sector's middle half▼ 14.9%€698,583below the sector's middle half▼ 27.1%
Debt€547,510▲ 33.4%€723,698▲ 32.2%€938,960▲ 29.7%€654,207▼ 30.3%€380,925▼ 41.8%
Working capital€293,663within the sector's middle half▼ 17.4%€315,042within the sector's middle half▲ 7.3%€515,305within the sector's middle half▲ 63.6%€807,073within the sector's middle half▲ 56.6%€342,097within the sector's middle half▼ 57.6%
Solvency37.4%within the sector's middle half▼ 6.2pp32.3%within the sector's middle half▼ 5.0pp11.7%below the sector's middle half▼ 20.6pp25.0%within the sector's middle half▲ 13.3pp37.9%within the sector's middle half▲ 12.9pp
Current ratio1.54within the sector's middle half▼ 0.621.44within the sector's middle half▼ 0.101.97within the sector's middle half▲ 0.548.96above the sector's middle half▲ 6.982.04within the sector's middle half▼ 6.91
Return on assets (ROA)19.0%above the sector's middle half▼ 7.9pp12.2%above the sector's middle half▼ 6.8pp9.1%within the sector's middle half▼ 3.1pp11.2%within the sector's middle half▲ 2.1pp25.1%above the sector's middle half▲ 13.8pp
Staff (FTE)2.5below the sector's middle half▲ 19.0%3.5within the sector's middle half▲ 40.0%4.8within the sector's middle half▲ 37.1%4.5within the sector's middle half▼ 6.3%3below the sector's middle half▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €698,583
Fixed assets
€28,060 ▼ 44.2%
Current assets
€670,523 ▼ 26.2%
Equity and liabilities €698,583
Equity
€265,051 ▲ 10.5%
Provisions
€52,607 ▼ 18.8%
Debt
€380,925 ▼ 41.8%
Debt's share of the balance-sheet total falls from 68.2% to 54.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203,599▲
2024 · €147,742
Cash flow
€207,324▲
2024 · €151,320
Quick ratio
1.78▼
2024 · 7.91
Debt to equity
1.44▼
2024 · 2.73
ROE
66.1%▲
2024 · 45.0%
Interest coverage
363.26▲
2024 · 282.02
Debt ≤ 1 year
€328,425▲
2024 · €101,451
Debt > 1 year
€52,500▼
2024 · €552,500
Income taxes
€9,392▼
2024 · €40,986
Staff costs
€233,130▼
2024 · €275,734
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €154,302 | €205,651 | €221,644 | €275,734 | €233,130 | ▼ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,833 | €41,718 | €45,356 | €43,484 | €32,066 | ▼ 26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €145 | €3,940 | ▲ 2,617% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €9,399 | €14,419 | -€3,103 | €8,724 | -€12,219 | ▼ 240% |
| Other operating charges640/8 | €3,400 | €3,250 | €2,059 | €2,373 | €5,505 | ▲ 132% |
| Gross operating margin9900 | €385,924 | €397,766 | €359,680 | €434,718 | €433,955 | ▼ 0.2% |
| Operating profit (loss)9901 | €174,990 | €132,728 | €93,723 | €104,258 | €171,533 | ▲ 64.5% |
| Financial income75/76B | €7,508 | €11,944 | €12,959 | €45,088 | €13,678 | ▼ 69.7% |
| Recurring financial income75 | €7,508 | €11,944 | €12,959 | €45,088 | €13,678 | ▼ 69.7% |
| Financial charges65/66B | €363 | €345 | €369 | €524 | €560 | ▲ 7.0% |
| Recurring financial charges65 | €363 | €345 | €369 | €524 | €560 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €182,135 | €144,327 | €106,313 | €148,822 | €184,650 | ▲ 24.1% |
| Income taxes67/77 | €2,539 | €3,556 | €3,654 | €40,986 | €9,392 | ▼ 77.1% |
| Profit (loss) for the period9904 | €179,597 | €140,771 | €102,659 | €107,836 | €175,258 | ▲ 62.5% |
| Profit (loss) for the period to be appropriated9905 | €179,597 | €140,771 | €102,659 | €107,836 | €175,258 | ▲ 62.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €945,823 | €1.2m | €1.1m | €958,827 | €698,583 | ▼ 27.1% |
| Fixed assets21/28 | €104,650 | €118,462 | €80,955 | €50,303 | €28,060 | ▼ 44.2% |
| Tangible fixed assets22/27 | €104,650 | €118,462 | €80,955 | €50,303 | €28,060 | ▼ 44.2% |
| Plant, machinery and equipment23 | €27,264 | €30,443 | €17,936 | €12,827 | €7,886 | ▼ 38.5% |
| Furniture and vehicles24 | €36,377 | €57,484 | €42,958 | €27,889 | €20,175 | ▼ 27.7% |
| Other tangible fixed assets26 | €41,009 | €30,535 | €20,061 | €9,587 | - | - |
| Current assets29/58 | €841,173 | €1.0m | €1.0m | €908,524 | €670,523 | ▼ 26.2% |
| Stocks and contracts in progress3 | €103,543 | €179,495 | €184,500 | €106,148 | €86,625 | ▼ 18.4% |
| Stocks30/36 | €103,543 | €179,495 | €184,500 | €106,148 | €86,625 | ▼ 18.4% |
| Amounts receivable within one year40/41 | €403,443 | €484,439 | €540,650 | €550,719 | €372,119 | ▼ 32.4% |
| Trade receivables40 | €370,894 | €401,994 | €483,724 | €459,088 | €345,203 | ▼ 24.8% |
| Other amounts receivable41 | €32,550 | €82,445 | €56,926 | €91,631 | €26,917 | ▼ 70.6% |
| Current investments50/53 | €141,256 | €142,181 | €103,058 | - | - | - |
| Cash at bank and in hand54/58 | €186,669 | €219,696 | €201,724 | €236,135 | €194,777 | ▼ 17.5% |
| Deferred charges and accrued income490/1 | €6,262 | €12,929 | €16,132 | €15,522 | €17,001 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €945,823 | €1.2m | €1.1m | €958,827 | €698,583 | ▼ 27.1% |
| Equity10/15 | €353,527 | €374,299 | €131,957 | €239,793 | €265,051 | ▲ 10.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €254,760 | €312,299 | €69,957 | €177,793 | €203,051 | ▲ 14.2% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €48,560 | €48,560 | €48,560 | €48,560 | €48,560 | = |
| Distributable reserves133 | €200,000 | €257,538 | €15,197 | €123,033 | €148,290 | ▲ 20.5% |
| Profit (loss) carried forward14 | €36,767 | - | - | - | - | - |
| Provisions and deferred taxes16 | €44,786 | €59,205 | €56,103 | €64,826 | €52,607 | ▼ 18.8% |
| Provisions for liabilities and charges160/5 | €44,786 | €59,205 | €56,103 | €64,826 | €52,607 | ▼ 18.8% |
| Other liabilities and charges164/5 | €44,786 | €59,205 | €56,103 | €64,826 | €52,607 | ▼ 18.8% |
| Amounts payable17/49 | €547,510 | €723,698 | €938,960 | €654,207 | €380,925 | ▼ 41.8% |
| Amounts payable after more than one year17 | - | - | €408,200 | €552,500 | €52,500 | ▼ 90.5% |
| Other amounts payable178/9 | - | - | €408,200 | €552,500 | €52,500 | ▼ 90.5% |
| Amounts payable within one year42/48 | €547,510 | €723,698 | €530,760 | €101,451 | €328,425 | ▲ 224% |
| Trade debts44 | €260,466 | €465,056 | €165,114 | €41,929 | €120,355 | ▲ 187% |
| Suppliers440/4 | €260,466 | €465,056 | €165,114 | €41,929 | €120,355 | ▲ 187% |
| Advances received on contracts in progress46 | €104,710 | €121,696 | - | - | - | - |
| Taxes, remuneration and social security45 | €12,333 | €16,947 | €20,646 | €59,522 | €58,070 | ▼ 2.4% |
| Taxes450/3 | €3,380 | €4,118 | €3,658 | €40,796 | €44,450 | ▲ 9.0% |
| Remuneration and social security454/9 | €8,953 | €12,828 | €16,988 | €18,726 | €13,620 | ▼ 27.3% |
| Other amounts payable47/48 | €170,000 | €120,000 | €345,000 | - | €150,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | €256 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179,597 | €140,771 | €102,659 | €107,836 | €175,258 | ▲ 62.5% |
| + Depreciation and write-downs630 | €43,833 | €41,718 | €45,356 | €43,484 | €32,066 | ▼ 26.3% |
| Operating cash flow (approximation) | €223,429 | €182,489 | €148,015 | €151,320 | €207,324 | ▲ 37.0% |
| Investment in fixed assets (approximation) | - | -€55,530 | -€7,850 | -€12,831 | -€9,824 | ▲ 23.4% |
| Change in cash | - | €33,027 | -€17,972 | €34,411 | -€41,358 | ▼ 220% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 5current ratio 8.96
Current ratio from 1.97 to 8.96; short-term debt falls from €530,760 to €101,451.
31-12
Financial
Equity above €200,000Eq €239,793 ▲81.7%
7 profitable years in a row build equity to €239,793.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €102,659 ▼27.1%
Net result drops to €102,659, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €212,401 ▲68.4%
Operating result €207,077, net result €212,401, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mortsel · 1 establishment unit since 1986
Ground area
2,906 m²
Building footprint
735 m²
Parcel 11512B0176/00P004, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VERBO NV
since 19862.082.864.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0176/00P004 | Flanders | 2,906 m² | 1 · 735 m² | 0.0 m |
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
- VERBO QUERCUS
- VERBO
Highest known parent: VERBO QUERCUS. The sources do not say who stands above it.
Owners 1
- VERBO QUERCUSparent100%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,702 EUR awarded · 1,702 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 202 EUR | 202 EUR |
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsKoel- en warmtetechnieken duaal (so)
Koelinstallaties duaal (so)
Monteur ventilatie- en luchtbehandelingskanalen duaal (so)
Technicus hernieuwbare energietechnieken duaal (so)
Technicus koelinstallaties duaal (so)
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Of 461 companies in sector 28250 we hold annual accounts for 286. 224 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
Founded20-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428280437
Also
9925:BE0428280437
Registered
05-11-2024
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.