VERBURGH
ActiveVERBURGH has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-12k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
7
/ 100
Critical▼ -31 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency14▼-42
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.89 in 2024), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-25.8%
Age of the figures
8 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27358 sector peers (2025).
NBB · sector comparisonPosition among 27358 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
on the day
2023
on the day
2022
10 d late
2021
2 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 66.6%
2024 · €17k
2018: €15k
2019: €22k
2020: €19k
2021: €10k
2022: €20k
2023: €23k
2024: €17k
2018 → 2025
Total assets
€45k▼ 2.7%
2024 · €46k
2018: €44k
2019: €42k
2020: €44k
2021: €26k
2022: €67k
2023: €90k
2024: €46k
2018 → 2025
Net result
€-12k▼ 132%
2024 · €-5k
2018: €5k
2019: €7k
2020: €-3k
2021: €-9k
2022: €10k
2023: €3k
2024: €-5k
2018 → 2025
Working capital
€-10k▼ 205%
2024 · €-3k
2018: €8k
2019: €20k
2020: €18k
2021: €9k
2022: €-9k
2023: €-6k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€20k▲ 95.9%€23k▲ 12.8%€17k▼ 22.3%€6k▼ 66.6%
Operating result€-8k-€11k€4k▼ 65.6%€-5k€-12k▼ 131%
Net result€-9k-€10k€3k▼ 73.9%€-5k€-12k▼ 132%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €5k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€16k▼ 23.2%
Current assets
€29k▲ 14.0%
Equity and liabilities €45k
Equity
€6k▼ 66.6%
Debt
€39k▲ 35.9%
The debt ratio rises from 62.3% to 87.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k▼
2024 · €3k
Cash flow
€-3k▼
2024 · €3k
Solvency
12.9%▼
2024 · 37.7%
Current ratio
0.74▼
2024 · 0.89
Quick ratio
0.74▼
2024 · 0.89
Debt / equity
6.73▲
2024 · 1.66
ROE
-199.0%▼
2024 · -28.7%
ROA
-25.8%▼
2024 · -10.8%
Interest coverage
-17.62▼
2024 · 29.05
Debt
€39k▲
2024 · €29k
Debt ≤ 1 year
€39k▲
2024 · €29k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€46k€45k▼
Fixed assets21/28€21k€16k▼
Tangible fixed assets22/27€21k€16k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€21k€13k▼
Financial fixed assets28€50€0▼
Current assets29/58€26k€29k▲
Amounts receivable within one year40/41€11k€13k▲
Trade receivables40€8k€10k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€15k€16k▲
Deferred charges and accrued income490/1-€216
Equity and liabilities
Total equity and liabilities10/49€46k€45k▼
Equity10/15€17k€6k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-3k€-15k▼
Amounts payable17/49€29k€39k▲
Amounts payable within one year42/48€29k€39k▲
Trade debts44€13k€1k▼
Suppliers440/4€13k€1k▼
Taxes, remuneration and social security45€14€0▼
Taxes450/3€14€0▼
Other amounts payable47/48€16k€38k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€699€314▼
Gross operating margin9900€4k€-3k▼
Operating profit (loss)9901€-5k€-12k▼
Financial income75/76B€59€43▼
Recurring financial income75€59€43▼
Financial charges65/66B€108€188▲
Recurring financial charges65€108€188▲
Profit (loss) for the period before taxes9903€-5k€-12k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-5k€-12k▼
Profit (loss) for the period to be appropriated9905€-5k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-15k▼
Profit (loss) brought forward from the previous period14P€0€-3k▼
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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.
Directors · office · real estate
Directors
1 director, no change since 2025
Kristof Verburgh
CurrentDirector · since 08-01-2025
08-01-2025
Appointed as Director
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2009
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.
Sartlaan 748400 OostendeGround area
564 m²
Building footprint
81 m²
Volume, LiDAR
8 m³
Parcel 35020C0266/00D003, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
VERBURGH
since 20092.180.458.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020C0266/00D003 | Flanders | 564 m² | 1 · 81 m² | 6.7 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.
Similar companies · same sector, comparable size
DK Groep
BE 0805.611.031
Bilzen-Hoeselt · Eq €6k
VAN HUFFEL DIDIER
BE 0458.077.352
Merelbeke-Melle · Eq €6k
MIRAL
BE 1009.236.894
Hamme (Vl.) · Eq €6k
ELECTRICITE GENERALE HERBETOT
BE 0446.293.337
Clavier · Eq €6k
B-YOU TECHNOLOGY
BE 0797.078.197
Elsene · Eq €6k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 4,075 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2009
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.