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VERBO

Active
Private limited companyfounded 198640 yrs activeOude Steenweg 31, 2280 Grobbendonk, BelgiumKBO/BCE: BE 0429.054.259
Summary

VERBO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €368,633 and a net result of -€5,451. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability35▲+18
Solvency78▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.23 against 0.1 in 2023; short-term debt: 1.6% and cash: 1.9% of total assets), and 47.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
52.6%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-12-2025, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
133 d late
2023
145 d late
2022
144 d late
2021
153 d late
2020
31 d late
2019
117 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 121 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

On 2 July 1986, VERBO was incorporated.1 Total assets went from EUR 47,108 in 2018 to EUR 701,236 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€368,633▼ 1.5%
2023 · €374,085
Total assets
€701,236▼ 3.6%
2023 · €727,135
Net result
-€5,451▲ 54.0%
2023 · -€11,845
Working capital
€2,585
2023 · -€187,083
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€2,617-€1,560▲ 40.4%-€311▲ 80.1%-€14,375▼ 4,530%-€1,863▲ 87.0%
Net result-€2,413-€1,388▲ 42.5%€77-€11,845-€5,451▲ 54.0%
Equity€360,610▼ 0.7%€359,223▼ 0.4%€359,300=€374,085▲ 4.1%€368,633▼ 1.5%
Total assets€538,970▼ 0.6%€539,142=€539,080=€727,135▲ 34.9%€701,236▼ 3.6%
Debt€6,372▼ 14.5%€7,931▲ 24.5%€7,793▼ 1.8%€208,508▲ 2,576%€192,618▼ 7.6%
Working capital€534,051▼ 0.4%€532,664▼ 0.3%€532,741=-€187,083€2,585
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2020: -€2,617-€2,617Net result 2020: -€2,413-€2,413Operating result 2021: -€1,560-€1,560Net result 2021: -€1,388-€1,388Operating result 2022: -€311-€311Net result 2022: €77€77Operating result 2023: -€14,375-€14,375Net result 2023: -€11,845-€11,845Operating result 2024: -€1,863-€1,863Net result 2024: -€5,451-€5,45120202021202220232024-€15,000-€10,000-€5,000€0Operating result 2022: -€311-€311Net result 2022: €77€77Operating result 2023: -€14,375-€14,400Net result 2023: -€11,845-€11,800Operating result 2024: -€1,863-€1,860Net result 2024: -€5,451-€5,450202220232024
The operating result stays negative: a loss of €1,863 in 2024 against €14,375 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €701,236
Fixed assets €687,535 ▼ 2.8%
Current assets €13,701 ▼ 31.4%
Equity and liabilities €701,236
Equity €368,633 ▼ 1.5%
Provisions €139,985 ▼ 3.2%
Debt €192,618 ▼ 7.6%
Debt's share of the balance-sheet total falls from 28.7% to 27.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€17,765▲
2023 · -€11,104
Cash flow
€14,177▲
2023 · -€8,574
Current ratio
1.23▲
2023 · 0.10
Debt to equity
0.52▼
2023 · 0.56
ROE
-1.5%▲
2023 · -3.2%
ROA
-0.8%▲
2023 · -1.6%
Interest coverage
2.09▲
2023 · -32.41
Debt ≤ 1 year
€11,117▼
2023 · €207,055
Debt > 1 year
€180,048
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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 higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet Code20232024
Assets
Total assets20/58€727,135€701,236▼
Fixed assets21/28€707,163€687,535▼
Tangible fixed assets22/27€707,163€687,535▼
Land and buildings22€689,215€670,797▼
Plant, machinery and equipment23€17,948€16,738▼
Current assets29/58€19,972€13,701▼
Amounts receivable within one year40/41€5,188€103▼
Trade receivables40€761-
Other amounts receivable41€4,427€103▼
Cash at bank and in hand54/58€14,784€13,598▼
Equity and liabilities
Total equity and liabilities10/49€727,135€701,236▼
Equity10/15€374,085€368,633▼
Contributions10/11€6,205€6,205=
Reserves13€435,489€421,815▼
Non-distributable reserves130/1€1,860-
Reserves not available under the articles1311€1,860-
Tax-exempt reserves132€433,629€419,955▼
Distributable reserves133-€1,860
Profit (loss) carried forward14-€67,610-€59,387▲
Provisions and deferred taxes16€144,543€139,985▼
Deferred taxes168€144,543€139,985▼
Amounts payable17/49€208,508€192,618▼
Amounts payable after more than one year17-€180,048
Financial debts170/4-€180,048
Amounts payable within one year42/48€207,055€11,117▼
Financial debts43€200,000€10,186▼
Credit institutions430/8€200,000€10,186▼
Trade debts44€2,203€506▼
Suppliers440/4€2,203€506▼
Advances received on contracts in progress46€4,852-
Other amounts payable47/48-€425
Accrued charges and deferred income492/3€1,453€1,453=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,271€19,628▲
Other operating charges640/8€7,887€924▼
Non-recurring operating charges66A-€761
Gross operating margin9900-€3,216€19,450▲
Operating profit (loss)9901-€14,375-€1,863▲
Financial income75/76B€2,057€342▼
Recurring financial income75€2,057€342▼
Financial charges65/66B€343€8,488▲
Recurring financial charges65€343€8,488▲
Profit (loss) for the period before taxes9903-€12,660-€10,009▲
Transfer from deferred taxes780€815€4,558▲
Profit (loss) for the period9904-€11,845-€5,451▲
Transfer from tax-exempt reserves789€2,446€13,674▲
Profit (loss) for the period to be appropriated9905-€9,399€8,223▲
Appropriation of the result
Profit (loss) to be appropriated9906-€67,610-€59,387▲
Profit (loss) brought forward from the previous period14P-€58,211-€67,610▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A--€139---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€3,271€19,628▲ 500%
Other operating charges640/8-€348€450€7,887€924▼ 88.3%
Non-recurring operating charges66A----€761-
Gross operating margin9900-€2,136-€1,212€139-€3,216€19,450▲ 705%
Operating profit (loss)9901-€2,617-€1,560-€311-€14,375-€1,863▲ 87.0%
Financial income75/76B-€225€455€2,057€342▼ 83.4%
Recurring financial income75€338€225€455€2,057€342▼ 83.4%
Financial charges65/66B-€53€67€343€8,488▲ 2,378%
Recurring financial charges65€134€53€67€343€8,488▲ 2,378%
Profit (loss) for the period before taxes9903-€2,413-€1,388€77-€12,660-€10,009▲ 20.9%
Transfer from deferred taxes780---€815€4,558▲ 459%
Profit (loss) for the period9904-€2,413-€1,388€77-€11,845-€5,451▲ 54.0%
Transfer from tax-exempt reserves789---€2,446€13,674▲ 459%
Profit (loss) for the period to be appropriated9905-€2,413-€1,388€77-€9,399€8,223▲ 187%
Line20202021202220232024Change
Assets
Total assets20/58€538,970€539,142€539,080€727,135€701,236▼ 3.6%
Fixed assets21/28---€707,163€687,535▼ 2.8%
Tangible fixed assets22/27---€707,163€687,535▼ 2.8%
Land and buildings22---€689,215€670,797▼ 2.7%
Plant, machinery and equipment23---€17,948€16,738▼ 6.7%
Current assets29/58€538,970€539,142€539,080€19,972€13,701▼ 31.4%
Amounts receivable within one year40/41€4,230€4,455€4,719€5,188€103▼ 98.0%
Trade receivables40-€761€761€761--
Other amounts receivable41-€3,694€3,958€4,427€103▼ 97.7%
Cash at bank and in hand54/58€534,740€534,687€534,362€14,784€13,598▼ 8.0%
Equity and liabilities
Total equity and liabilities10/49€538,970€539,142€539,080€727,135€701,236▼ 3.6%
Equity10/15€360,610€359,223€359,300€374,085€368,633▼ 1.5%
Contributions10/11-€6,205€6,205€6,205€6,205=
Reserves13€411,305€411,305€411,305€435,489€421,815▼ 3.1%
Non-distributable reserves130/1-€1,860€1,860€1,860--
Reserves not available under the articles1311-€1,860€1,860€1,860--
Tax-exempt reserves132-€409,445€409,445€433,629€419,955▼ 3.2%
Distributable reserves133----€1,860-
Profit (loss) carried forward14-€56,900-€58,288-€58,211-€67,610-€59,387▲ 12.2%
Provisions and deferred taxes16€171,988€171,988€171,988€144,543€139,985▼ 3.2%
Deferred taxes168-€171,988€171,988€144,543€139,985▼ 3.2%
Amounts payable17/49€6,372€7,931€7,793€208,508€192,618▼ 7.6%
Amounts payable after more than one year17----€180,048-
Financial debts170/4----€180,048-
Amounts payable within one year42/48€4,919€6,479€6,340€207,055€11,117▼ 94.6%
Financial debts43---€200,000€10,186▼ 94.9%
Credit institutions430/8---€200,000€10,186▼ 94.9%
Trade debts44€67€1,627€1,488€2,203€506▼ 77.0%
Suppliers440/4-€1,627€1,488€2,203€506▼ 77.0%
Advances received on contracts in progress46-€4,852€4,852€4,852--
Other amounts payable47/48----€425-
Accrued charges and deferred income492/3-€1,453€1,453€1,453€1,453=
Line20202021202220232024Change
Profit (loss) for the period9904-€2,413-€1,388€77-€11,845-€5,451▲ 54.0%
+ Depreciation and write-downs630---€3,271€19,628▲ 500%
Operating cash flow (approximation)-€2,413-€1,388€77-€8,574€14,177▲ 265%
Investment in fixed assets (approximation)----€0-
Change in cash--€53-€326-€519,578-€1,186▲ 99.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
11-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 133 days late
2024
31-12
Financial Liquidity times 13current ratio 1.23
Current ratio from 0.10 to 1.23; short-term debt falls from €207,055 to €11,117.
23-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
31-12
Financial Weakest financial yearnet -€11,845
Net result drops to -€11,845, the lowest in the series; recovery starts the following year.
22-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 144 days late
2022
31-12
Financial Back to profitnet €77
Net result €77 after 2 loss-making years.
31-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial Back to profitnet €395,384
Net result €395,384 after one loss-making year.
31-12
Financial Liquidity times 2030current ratio 90.45
Current ratio from 0.04 to 90.45; short-term debt falls from €79,469 to €5,997.
31-12
Financial Equity above €200,000Eq €363,023
Equity rises from -€32,361 to €363,023.
Show earlier events
26-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
04-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 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
6 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, Grobbendonk
exact location from the address register On OpenStreetMap
Ground area
5,542 m²
Building footprint
728 m²
Volume, LiDAR
3,884 m³
Parcel 13010D0251/00M000, Flanders · tallest building 20.8 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13010D0251/00M000 Flanders 5,542 m² 1 · 728 m² 20.8 m · 1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded02-07-1986
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.