VERBO
ActiveSummary
VERBO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,242 and a net result of €23,115. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 14.47 against 19.46 in 2024; short-term debt: 6.9% and cash: 57.5% of total assets), and 6.9% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
93.1%
Return on assets
15.8%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 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
38 d early
2023
18 d late
2022
26 d late
2021
5 d early
2020
26 d early
2019
61 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 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 19 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€136,242▲ 2.0%
2024 · €133,623
Total assets
€146,360▲ 1.1%
2024 · €144,816
Net result
€23,115▲ 3.9%
2024 · €22,250
Working capital
€136,242▼ 0.7%
2024 · €137,183
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€25,934▲ 52.4%€28,024▲ 8.1%€22,135▼ 21.0%€29,637▲ 33.9%€25,859▼ 12.7%
Net result€19,007within the sector's middle half▲ 30.8%€20,580within the sector's middle half▲ 8.3%€16,341within the sector's middle half▼ 20.6%€22,250within the sector's middle half▲ 36.2%€23,115within the sector's middle half▲ 3.9%
Equity€122,936within the sector's middle half▲ 18.3%€113,892within the sector's middle half▼ 7.4%€111,373within the sector's middle half▼ 2.2%€133,623within the sector's middle half▲ 20.0%€136,242within the sector's middle half▲ 2.0%
Total assets€126,964within the sector's middle half▲ 10.2%€121,716within the sector's middle half▼ 4.1%€117,064within the sector's middle half▼ 3.8%€144,816within the sector's middle half▲ 23.7%€146,360within the sector's middle half▲ 1.1%
Debt€4,028▼ 64.4%€7,823▲ 94.2%€5,691▼ 27.3%€11,192▲ 96.7%€10,118▼ 9.6%
Working capital€122,936above the sector's middle half▲ 18.3%€112,893above the sector's middle half▼ 8.2%€110,774above the sector's middle half▼ 1.9%€137,183above the sector's middle half▲ 23.8%€136,242above the sector's middle half▼ 0.7%
Solvency96.8%above the sector's middle half▲ 6.6pp93.6%above the sector's middle half▼ 3.3pp95.1%above the sector's middle half▲ 1.6pp92.3%above the sector's middle half▼ 2.9pp93.1%above the sector's middle half▲ 0.8pp
Current ratio31.52above the sector's middle half▲ 21.3215.43above the sector's middle half▼ 16.0920.47above the sector's middle half▲ 5.0319.46above the sector's middle half▼ 1.0114.47above the sector's middle half▼ 4.99
Return on assets (ROA)15.0%within the sector's middle half▲ 2.4pp16.9%within the sector's middle half▲ 1.9pp14.0%within the sector's middle half▼ 2.9pp15.4%within the sector's middle half▲ 1.4pp15.8%within the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €146,360
Equity
€136,242 ▲ 2.0%
Debt
€10,118 ▼ 9.6%
Debt's share of the balance-sheet total falls from 7.7% to 6.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,059▼
2024 · €30,037
Cash flow
€23,315▲
2024 · €22,649
Debt to equity
0.07▼
2024 · 0.08
ROE
17.0%▲
2024 · 16.7%
Interest coverage
386.75▼
2024 · 459.27
Debt ≤ 1 year
€10,118▲
2024 · €7,432
Income taxes
€8,668▲
2024 · €8,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €200 | €400 | €400 | €200 | ▼ 50.0% |
| Other operating charges640/8 | €363 | €297 | €554 | €174 | €387 | ▲ 122% |
| Gross operating margin9900 | €26,297 | €28,521 | €23,088 | €30,210 | €26,445 | ▼ 12.5% |
| Operating profit (loss)9901 | €25,934 | €28,024 | €22,135 | €29,637 | €25,859 | ▼ 12.7% |
| Financial income75/76B | €254 | €525 | €418 | €922 | €5,992 | ▲ 550% |
| Recurring financial income75 | €254 | €525 | €418 | €922 | €565 | ▼ 38.7% |
| Non-recurring financial income76B | - | - | - | - | €5,427 | - |
| Financial charges65/66B | €58 | €198 | €61 | €65 | €67 | ▲ 3.0% |
| Recurring financial charges65 | €58 | €198 | €61 | €65 | €67 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | €26,130 | €28,351 | €22,492 | €30,493 | €31,783 | ▲ 4.2% |
| Income taxes67/77 | €7,123 | €7,771 | €6,152 | €8,243 | €8,668 | ▲ 5.2% |
| Profit (loss) for the period9904 | €19,007 | €20,580 | €16,341 | €22,250 | €23,115 | ▲ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €19,007 | €20,580 | €16,341 | €22,250 | €23,115 | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,964 | €121,716 | €117,064 | €144,816 | €146,360 | ▲ 1.1% |
| Fixed assets21/28 | - | €999 | €599 | €200 | - | - |
| Tangible fixed assets22/27 | - | €999 | €599 | €200 | - | - |
| Furniture and vehicles24 | - | €999 | €599 | €200 | - | - |
| Current assets29/58 | €126,964 | €120,717 | €116,465 | €144,616 | €146,360 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €5,808 | €11,770 | €9,984 | €11,048 | €61,926 | ▲ 460% |
| Trade receivables40 | €5,676 | €10,714 | €7,681 | €9,141 | €9,554 | ▲ 4.5% |
| Other amounts receivable41 | €132 | €1,056 | €2,303 | €1,907 | €52,372 | ▲ 2,646% |
| Current investments50/53 | €18,357 | €18,226 | €18,226 | €18,226 | - | - |
| Cash at bank and in hand54/58 | €102,208 | €90,508 | €88,232 | €115,109 | €84,198 | ▼ 26.9% |
| Deferred charges and accrued income490/1 | €591 | €212 | €23 | €232 | €236 | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,964 | €121,716 | €117,064 | €144,816 | €146,360 | ▲ 1.1% |
| Equity10/15 | €122,936 | €113,892 | €111,373 | €133,623 | €136,242 | ▲ 2.0% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €110,436 | €101,392 | €98,873 | €121,123 | €123,742 | ▲ 2.2% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €788 | €788 | €788 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €788 | €788 | €788 | = |
| Distributable reserves133 | €108,436 | €99,392 | €98,085 | €120,335 | €122,954 | ▲ 2.2% |
| Amounts payable17/49 | €4,028 | €7,823 | €5,691 | €11,192 | €10,118 | ▼ 9.6% |
| Amounts payable within one year42/48 | €4,028 | €7,823 | €5,691 | €7,432 | €10,118 | ▲ 36.1% |
| Trade debts44 | €1,466 | €4,257 | €4,057 | €2,093 | €1,429 | ▼ 31.7% |
| Suppliers440/4 | €1,466 | €4,257 | €4,057 | €2,093 | €1,429 | ▼ 31.7% |
| Taxes, remuneration and social security45 | €2,562 | €3,114 | €1,634 | €5,339 | €8,689 | ▲ 62.7% |
| Taxes450/3 | €2,562 | €3,114 | €1,634 | €5,339 | €8,689 | ▲ 62.7% |
| Other amounts payable47/48 | - | €452 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,760 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,007 | €20,580 | €16,341 | €22,250 | €23,115 | ▲ 3.9% |
| + Depreciation and write-downs630 | - | €200 | €400 | €400 | €200 | ▼ 50.0% |
| Operating cash flow (approximation) | €19,007 | €20,780 | €16,740 | €22,649 | €23,315 | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - |
| Change in cash | - | -€11,699 | -€2,276 | €26,877 | -€30,911 | ▼ 215% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €23,115 ▲3.9%
Net result €23,115, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 31.52
Current ratio from 10.20 to 31.52; short-term debt falls from €11,299 to €4,028.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €103,929 ▲16.3%
3 profitable years in a row build equity to €103,929.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waregem · 1 establishment unit since 2011
Ground area
1,202 m²
Building footprint
172 m²
Volume, LiDAR
874 m³
Parcel 34010B0471/00B000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VERBO
since 20112.200.021.960
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0471/00B000 | Flanders | 1,202 m² | 1 · 172 m² | 8.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 698 EUR awarded · 698 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 698 EUR | 698 EUR |
Similar companies · same sector, comparable size
B.PONCELET TOITURES
BE 0872.393.155
Soumagne · Eq €136,250
Dakwerken NR
BE 0655.736.925
Duffel · Eq €136,279
A-HA DAKWERKEN
BE 0877.867.222
Wellen · Eq €136,061
MU-KER
BE 0697.578.963
Hamme (Vl.) · Eq €135,889
R.J. ART RENOVATION
BE 0832.913.660
Anderlecht · Eq €136,602
Of 11,140 companies in sector 43910 we hold annual accounts for 5,495. 4,767 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
23610Manufacture of other non-metallic mineral products
43230Insulation installation
43310Plastering work
43331Floor and wall tiling
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837105842
Also
9925:BE0837105842
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.