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VERBORGT

Active
Private limited company (pre-2019)founded 198046 yrs activeJan Janssensstraat 1, 2610 Antwerpen, BelgiumKBO/BCE: BE 0420.732.055
Summary

VERBORGT has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €131,742 and a net result of -€826. Equity remains stable across the filed fiscal years (±0.8% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability36=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
cash: 29.3% of total assets, and 1.1% 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○neutral
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 46 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
98.9%
Return on assets
-0.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d early
2023
27 d early
2022
3 d early
2021
61 d late
2020
69 d late
2019
81 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 2 days before 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 27 September 1980, VERBORGT was incorporated.1 Total assets went from EUR 193,800 in 2018 to EUR 133,193 in 2024.2

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

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Financials · fiscal year 2024, abbreviated schema

Equity
€131,742▼ 0.6%
2023 · €132,568
Total assets
€133,193▼ 0.4%
2023 · €133,666
Net result
-€826▼ 32.8%
2023 · -€622
Working capital
€132,568▼ 0.5%
2022 · €133,191
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-€455-€1,037▼ 128%-€961▲ 7.3%-€622▲ 35.3%-€826▼ 32.8%
Net result-€455-€1,037▼ 128%-€961▲ 7.3%-€622▲ 35.3%-€826▼ 32.8%
Equity€135,188▼ 13.8%€134,151▼ 0.8%€133,191▼ 0.7%€132,568▼ 0.5%€131,742▼ 0.6%
Total assets€150,036▼ 33.3%€144,235▼ 3.9%€138,462▼ 4.0%€133,666▼ 3.5%€133,193▼ 0.4%
Debt€14,848▼ 78.2%€10,084▼ 32.1%€5,271▼ 47.7%€1,098▼ 79.2%€1,451▲ 32.1%
Working capital€135,188▼ 13.8%€134,151▼ 0.8%€133,191▼ 0.7%€132,568▼ 0.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,500-€1,000-€500€0Operating result 2020: -€455-€455Net result 2020: -€455-€455Operating result 2021: -€1,037-€1,037Net result 2021: -€1,037-€1,037Operating result 2022: -€961-€961Net result 2022: -€961-€961Operating result 2023: -€622-€622Net result 2023: -€622-€622Operating result 2024: -€826-€826Net result 2024: -€826-€82620202021202220232024-€1,000-€750-€500-€250€0Operating result 2022: -€961-€961Net result 2022: -€961-€961Operating result 2023: -€622-€622Net result 2023: -€622-€622Operating result 2024: -€826-€826Net result 2024: -€826-€826202220232024
The operating result stays negative: a loss of €826 in 2024 against €622 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €133,193
Equity €131,742 ▼ 0.6%
Debt €1,451 ▲ 32.1%
Debt's share of the balance-sheet total rises from 0.8% to 1.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.01▲
2023 · 0.01
ROE
-0.6%▼
2023 · -0.5%
ROA
-0.6%▼
2023 · -0.5%
Debt > 1 year
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% 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 12,321 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 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€133,666€133,193▼
Current assets29/58€133,666€133,193▼
Amounts receivable after more than one year29-€86,250
Other amounts receivable291-€86,250
Amounts receivable within one year40/41€86,250-
Other amounts receivable41€86,250-
Cash at bank and in hand54/58€40,072€39,014▼
Deferred charges and accrued income490/1€7,344€7,929▲
Equity and liabilities
Total equity and liabilities10/49€133,666€133,193▼
Equity10/15€132,568€131,742▼
Contributions10/11€18,592€18,592=
Capital10-€18,592
Issued capital100-€18,592
Reserves13€1,859€1,859=
Non-distributable reserves130/1€1,859€1,859=
Legal reserve130-€1,859
Reserves not available under the articles1311€1,859-
Profit (loss) carried forward14€112,117€111,291▼
Amounts payable17/49€1,098€1,451▲
Amounts payable after more than one year17-€1
Trade debts175-€1
Amounts payable within one year42/48€1,098-
Financial debts43€1,098-
Credit institutions430/8€1,098-
Accrued charges and deferred income492/3-€1,450
Income statement Code20232024
Gross operating margin9900-€622-€826▼
Operating profit (loss)9901-€622-€826▼
Profit (loss) for the period before taxes9903-€622-€826▼
Profit (loss) for the period9904-€622-€826▼
Profit (loss) for the period to be appropriated9905-€622-€826▼
Appropriation of the result
Profit (loss) to be appropriated9906-€622€111,291▲
Profit (loss) brought forward from the previous period14P-€112,117
Transfer from equity791/2€112,739-

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Gross operating margin9900€400-€1,037-€961-€622-€826▼ 32.8%
Operating profit (loss)9901-€455-€1,037-€961-€622-€826▼ 32.8%
Profit (loss) for the period before taxes9903-€455-€1,037-€961-€622-€826▼ 32.8%
Profit (loss) for the period9904-€455-€1,037-€961-€622-€826▼ 32.8%
Profit (loss) for the period to be appropriated9905-€455-€1,037-€961-€622-€826▼ 32.8%
Line20202021202220232024Change
Assets
Total assets20/58€150,036€144,235€138,462€133,666€133,193▼ 0.4%
Current assets29/58€150,036€144,235€138,462€133,666€133,193▼ 0.4%
Amounts receivable after more than one year29----€86,250-
Other amounts receivable291----€86,250-
Amounts receivable within one year40/41€86,250€86,250€86,250€86,250--
Other amounts receivable41-€86,250€86,250€86,250--
Cash at bank and in hand54/58€56,436€50,635€44,862€40,072€39,014▼ 2.6%
Deferred charges and accrued income490/1-€7,350€7,350€7,344€7,929▲ 8.0%
Equity and liabilities
Total equity and liabilities10/49€150,036€144,235€138,462€133,666€133,193▼ 0.4%
Equity10/15€135,188€134,151€133,191€132,568€131,742▼ 0.6%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Capital10-€18,592--€18,592-
Issued capital100-€18,592--€18,592-
Reserves13€1,859€1,859€1,859€1,859€1,859=
Non-distributable reserves130/1-€1,859€1,859€1,859€1,859=
Legal reserve130-€1,859--€1,859-
Reserves not available under the articles1311--€1,859€1,859--
Profit (loss) carried forward14€114,737€113,700€112,740€112,117€111,291▼ 0.7%
Amounts payable17/49€14,848€10,084€5,271€1,098€1,451▲ 32.1%
Amounts payable after more than one year17----€1-
Trade debts175----€1-
Amounts payable within one year42/48€14,848€10,084€5,271€1,098--
Financial debts43-€10,084€5,271€1,098--
Credit institutions430/8-€10,084€5,271€1,098--
Accrued charges and deferred income492/3----€1,450-
Line20202021202220232024Change
Profit (loss) for the period9904-€455-€1,037-€961-€622-€826▼ 32.8%
Operating cash flow (approximation)-€455-€1,037-€961-€622-€826▼ 32.8%
Change in cash--€5,801-€5,773-€4,790-€1,058▲ 77.9%

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
03-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Liquidity times 5current ratio 121.74
Current ratio from 26.27 to 121.74; short-term debt falls from €5,271 to €1,098.
28-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial Weakest financial yearnet -€1,037
Net result drops to -€1,037, the lowest in the series; recovery starts the following year.
08-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
2020
31-12
Financial Liquidity triplescurrent ratio 10.10
Current ratio from 3.30 to 10.10; short-term debt falls from €68,242 to €14,848.
11-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Highest result since 2018net €937 ▲13%
Operating result €937, net result €937, both a record.
22-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
22-11
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 114 days late
2015
28-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
30-10
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
4,802 m²
Building footprint
785 m²
Volume, LiDAR
5,797 m³
2 parcels, Flanders · tallest building 19.2 m, ±4 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Ter Stratenweg 36, 2520 Ranst
Inland freight water transport
since 19962.017.856.455
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11031C0368/00A000 Flanders 3,963 m² 1 · 472 m² 4.3 m · 1 fl.
11051B0211/00E006 Flanders 839 m² 1 · 313 m² 19.2 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 (pre-2019)
Founded27-09-1980
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

Register as of 27 September 2026 · Peppol Directory

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