Verco-Versichele
ActiveThe annual accounts of Verco-Versichele for fiscal year 2024 show a net loss of 66% of total assets. The 2024 annual accounts show equity of €1.17M and a net result of €-1.08M. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 2438 sector peers (fiscal year 2024). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-6
Solvency96▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 11.29 against 20.62 in 2023; short-term debt: 7.6% and cash: 65.7% of total assets), and 28.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
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 2024Solvency, return and age of the figures
Solvency
71.4%
Return on assets
-65.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1.08M
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
not confirmed
2024
68 d late
2023
83 d late
2022
108 d late
2021
61 d late
2020
31 d late
2019
78 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€1.51M
EBIT margin
-0.7%
Net result
€-1.08M▼ 331%
2023 · €-250k
2018: €34k
2019: €92k
2020: €-115k
2021: €136k
2022: €-4k
2023: €-250k
2018 → 2024
Working capital
€1.29M▼ 38.2%
2023 · €2.08M
2018: €4.33M
2019: €4.46M
2020: €4.17M
2021: €4.32M
2022: €2.26M
2023: €2.08M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.51M
Equity€4.38M-€4.52M▲ 3.1%€2.50M▼ 44.6%€2.25M▼ 10.0%€1.17M▼ 47.9%
Operating result€-112k-€-11k▲ 90.4%€-114k▼ 963%€-142k▼ 25.1%€-1.10M▼ 671%
Net result€-115k-€136k€-4k€-250k▼ 6,006%€-1.08M▼ 331%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.10M in 2024 against €142k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.64M
Fixed assets
€231k▼ 23.8%
Current assets
€1.41M▼ 35.5%
Equity and liabilities €1.64M
Equity
€1.17M▼ 47.9%
Provisions
€345k▲ 158%
Debt
€125k▲ 17.9%
The debt ratio rises from 4.3% to 7.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.04M▼
2023 · €-85k
Cash flow
€-1.03M▼
2023 · €-193k
Solvency
71.4%▼
2023 · 90.4%
Current ratio
11.29▼
2023 · 20.62
Quick ratio
9.72▼
2023 · 13.54
Debt / equity
0.11▲
2023 · 0.05
ROE
-91.9%▼
2023 · -11.1%
ROA
-65.6%▼
2023 · -10.0%
Interest coverage
-167.77▼
2023 · -0.47
Debt
€125k▲
2023 · €106k
Debt ≤ 1 year
€125k▲
2023 · €106k
Income taxes
€0▼
2023 · €231
Staff costs
€380k▼
2023 · €429k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.49M€1.64M▼
Fixed assets21/28€303k€231k▼
Tangible fixed assets22/27€303k€231k▼
Land and buildings22€278k€230k▼
Plant, machinery and equipment23€24k€704▼
Furniture and vehicles24€786€241▼
Financial fixed assets28€135€0▼
Current assets29/58€2.19M€1.41M▼
Stocks and contracts in progress3€752k€197k▼
Stocks30/36€752k€197k▼
Amounts receivable within one year40/41€260k€135k▼
Trade receivables40€211k€112k▼
Other amounts receivable41€49k€23k▼
Current investments50/53€773k€0▼
Cash at bank and in hand54/58€404k€1.08M▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2.49M€1.64M▼
Equity10/15€2.25M€1.17M▼
Contributions10/11€786k€786k=
Capital10€786k€786k=
Issued capital100€786k€786k=
Reserves13€1.35M€388k▼
Non-distributable reserves130/1€200k€200k=
Legal reserve130€200k€200k=
Tax-exempt reserves132€70k€70k=
Distributable reserves133€1.08M€118k▼
Profit (loss) carried forward14€115k€0▼
Provisions and deferred taxes16€133k€345k▲
Provisions for liabilities and charges160/5€133k€345k▲
Pensions and similar obligations160€10k€61k▲
Environmental obligations163€124k-
Other liabilities and charges164/5-€283k
Amounts payable17/49€106k€125k▲
Amounts payable within one year42/48€106k€125k▲
Financial debts43€17k-
Other loans439€17k-
Trade debts44€35k€61k▲
Suppliers440/4€35k€61k▲
Taxes, remuneration and social security45€54k€64k▲
Taxes450/3€19k€6k▼
Remuneration and social security454/9€35k€58k▲
Other amounts payable47/48-€0
Income statement
Code20232024
Non-recurring operating income76A€5k€26k▲
Remuneration, social security and pensions62€429k€380k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€53k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-29k€211k▲
Other operating charges640/8€37k€33k▼
Non-recurring operating charges66A€62k€14k▼
Gross operating margin9900€415k€-402k▼
Operating profit (loss)9901€-142k€-1.10M▼
Financial income75/76B€71k€23k▼
Recurring financial income75€71k€23k▼
Financial charges65/66B€179k€6k▼
Recurring financial charges65€179k€6k▼
Profit (loss) for the period before taxes9903€-250k€-1.08M▼
Income taxes67/77€231€0▼
Profit (loss) for the period9904€-250k€-1.08M▼
Profit (loss) for the period to be appropriated9905€-250k€-1.08M▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€-964k▼
Profit (loss) brought forward from the previous period14P€365k€115k▼
Transfer from equity791/2-€964k
Social balance
Average headcount (FTE)90878.8-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet €-1.08M
Net result drops to €-1.08M, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
31-12
Financial
Liquidity times 10current ratio 20.62
Current ratio from 2.14 to 20.62; short-term debt falls from €1.98M to €106k.
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 108 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Back to profitnet €136k
Net result €136k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Deinze · 1 establishment unit since 1968
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.
Industrielaan 279800 DeinzeGround area
1.7 ha
Building footprint
3,329 m²
Volume, LiDAR
21,290 m³
Parcel 44054A0179/00N002, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERCO-VERSICHELE
since 19682.110.948.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0179/00N002 | Flanders | 1.7 ha | 1 · 3,329 m² | 11.6 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 900 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 900 EUR |
| 2023 | 1 | 900 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryVerco-Versichele NV33098
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Of 557 companies in sector 25999 we hold annual accounts for 351. 234 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
25999Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Agenda
Verslag raad van bestuur. Goedkeuring jaarrekening. Bestem- mingen resultaat. Kwijting bestuurders. Allerlei. (11866) 19071 MONITEUR BELGE — 22.04.2005 − Ed. 2 — BELGISCH STAATSBLAD N.V. Houtzagerij Meerlaen, naamloze vennootschap, Hogeweg 116, 9000 Gent Ondernemingsnummer 0423.893.364 Algemene vergadering op de zetel, op 9 mei 2005, om 14 uur. Agenda : Verslag raad van bestuur. Goedkeuring jaarrekening. Bestem- ming resultaat. Kwijting bestuurders. Benoeming bestuurders. Allerlei.