VERCODRA
ActiveSummary
VERCODRA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €652k and a net result of €76k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 86% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-4
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 6.03 against 5.73 in 2024; short-term debt: 13.7% and cash: 54.8% of total assets), and 13.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
86.1%
Return on assets
10.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
2 d late
2021
1 d early
2020
25 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€652k▼ 6.8%
2024 · €700k
2018: €561k
2019: €591k▲ +5.3% vs 2018
2020: €631k▲ +6.8% vs 2019
2021: €547k▼ -13.4% vs 2020lowest in 8 years
2022: €581k▲ +6.3% vs 2021
2023: €592k▲ +2.0% vs 2022
2024: €700k▲ +18.2% vs 2023highest in 8 years
2025: €652k▼ -6.8% vs 2024
2018 → 2025
Total assets
€757k▼ 7.3%
2024 · €817k
2018: €768k
2019: €713k▼ -7.2% vs 2018
2020: €757k▲ +6.1% vs 2019
2021: €650k▼ -14.2% vs 2020lowest in 8 years
2022: €699k▲ +7.5% vs 2021
2023: €731k▲ +4.7% vs 2022
2024: €817k▲ +11.8% vs 2023highest in 8 years
2025: €757k▼ -7.3% vs 2024
2018 → 2025
Net result
€76k▼ 29.4%
2024 · €108k
2018: €93k
2019: €31k▼ -67.2% vs 2018lowest in 8 years
2020: €42k▲ +36.8% vs 2019
2021: €91k▲ +117% vs 2020
2022: €38k▼ -58.2% vs 2021
2023: €102k▲ +168% vs 2022
2024: €108k▲ +6.4% vs 2023highest in 8 years
2025: €76k▼ -29.4% vs 2024
2018 → 2025
Working capital
€522k▼ 5.7%
2024 · €554k
2018: €325klowest in 8 years
2019: €374k▲ +15.1% vs 2018
2020: €419k▲ +11.9% vs 2019
2021: €411k▼ -1.9% vs 2020
2022: €454k▲ +10.6% vs 2021
2023: €496k▲ +9.2% vs 2022
2024: €554k▲ +11.7% vs 2023highest in 8 years
2025: €522k▼ -5.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€547k-€581k▲ 6.3%€592k▲ 2.0%€700k▲ 18.2%€652k▼ 6.8%
2021: €547klowest in 5 years
2022: €581k▲ +6.3% vs 2021
2023: €592k▲ +2.0% vs 2022
2024: €700k▲ +18.2% vs 2023highest in 5 years
2025: €652k▼ -6.8% vs 2024
Operating result€125k-€87k▼ 30.4%€131k▲ 50.3%€149k▲ 13.9%€95k▼ 36.2%
2021: €125k
2022: €87k▼ -30.4% vs 2021lowest in 5 years
2023: €131k▲ +50.3% vs 2022
2024: €149k▲ +13.9% vs 2023highest in 5 years
2025: €95k▼ -36.2% vs 2024
Net result€91k-€38k▼ 58.2%€102k▲ 168%€108k▲ 6.4%€76k▼ 29.4%
2021: €91k
2022: €38k▼ -58.2% vs 2021lowest in 5 years
2023: €102k▲ +168% vs 2022
2024: €108k▲ +6.4% vs 2023highest in 5 years
2025: €76k▼ -29.4% vs 2024
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 falls in 2025; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €757k
Fixed assets
€131k ▼ 10.3%
Current assets
€626k ▼ 6.7%
Equity and liabilities €757k
Equity
€652k ▼ 6.8%
Debt
€105k ▼ 10.5%
Debt's share of the balance-sheet total falls from 14.4% to 13.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€119k▼
2024 · €168k
Cash flow
€101k▼
2024 · €127k
Current ratio
6.03▲
2024 · 5.73
Quick ratio
5.95▲
2024 · 5.73
Debt to equity
0.16▼
2024 · 0.17
ROE
11.7%▼
2024 · 15.4%
ROA
10.1%▼
2024 · 13.2%
Interest coverage
16.80▼
2024 · 24.21
Debt ≤ 1 year
€104k▼
2024 · €117k
Income taxes
€27k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€817k€757k▼
Fixed assets21/28€146k€131k▼
Intangible fixed assets21€6k€6k=
Tangible fixed assets22/27€141k€126k▼
Land and buildings22€93k€80k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€43k€33k▼
Other tangible fixed assets26-€9k
Current assets29/58€671k€626k▼
Stocks and contracts in progress3€151€8k▲
Stocks30/36€151€8k▲
Amounts receivable within one year40/41€226k€89k▼
Trade receivables40€221k€77k▼
Other amounts receivable41€6k€13k▲
Current investments50/53€313k€109k▼
Cash at bank and in hand54/58€127k€415k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€817k€757k▼
Equity10/15€700k€652k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€5k€4k▼
Reserves13€677k€629k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€658k€610k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€117k€105k▼
Amounts payable within one year42/48€117k€104k▼
Trade debts44€12k€9k▼
Suppliers440/4€12k€9k▼
Taxes, remuneration and social security45€17k€17k▼
Taxes450/3€17k€17k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€88k€78k▼
Accrued charges and deferred income492/3€163€1k▲
Income statement
Code20242025
Non-recurring operating income76A€14k€443▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€24k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€172k€124k▼
Operating profit (loss)9901€149k€95k▼
Financial income75/76B€9k€15k▲
Recurring financial income75€9k€15k▲
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€151k€103k▼
Income taxes67/77€43k€27k▼
Profit (loss) for the period9904€108k€76k▼
Profit (loss) for the period to be appropriated9905€108k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€76k▼
Transfer from equity791/2€0€123k▲
Transfer to equity691/2€108k€76k▼
To other reserves6921€108k€76k▼
Profit to be distributed694/7€0€123k▲
Return on contributions (dividend)694€0€123k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €443 | €443 | €14k | €443 | ▼ 96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €15k | €14k | €19k | €24k | ▲ 27.6% |
| Other operating charges640/8 | €3k | €2k | €4k | €4k | €4k | ▲ 1.8% |
| Gross operating margin9900 | €145k | €105k | €148k | €172k | €124k | ▼ 28.2% |
| Operating profit (loss)9901 | €125k | €87k | €131k | €149k | €95k | ▼ 36.2% |
| Financial income75/76B | €2k | €3k | €10k | €9k | €15k | ▲ 69.9% |
| Recurring financial income75 | €2k | €3k | €10k | €9k | €15k | ▲ 69.9% |
| Financial charges65/66B | €924 | €9k | €-156 | €7k | €7k | ▲ 2.4% |
| Recurring financial charges65 | €924 | €9k | €-156 | €7k | €7k | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | €126k | €80k | €141k | €151k | €103k | ▼ 31.6% |
| Income taxes67/77 | €35k | €42k | €40k | €43k | €27k | ▼ 37.3% |
| Profit (loss) for the period9904 | €91k | €38k | €102k | €108k | €76k | ▼ 29.4% |
| Transfer from tax-exempt reserves789 | - | €113k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €91k | €151k | €102k | €108k | €76k | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €650k | €699k | €731k | €817k | €757k | ▼ 7.3% |
| Fixed assets21/28 | €138k | €128k | €116k | €146k | €131k | ▼ 10.3% |
| Intangible fixed assets21 | €6k | €6k | €6k | €6k | €6k | = |
| Tangible fixed assets22/27 | €133k | €122k | €110k | €141k | €126k | ▼ 10.7% |
| Land and buildings22 | €130k | €117k | €105k | €93k | €80k | ▼ 13.4% |
| Plant, machinery and equipment23 | - | €4k | €3k | €5k | €3k | ▼ 30.7% |
| Furniture and vehicles24 | €3k | €0 | €2k | €43k | €33k | ▼ 23.5% |
| Other tangible fixed assets26 | - | - | - | - | €9k | - |
| Current assets29/58 | €512k | €571k | €615k | €671k | €626k | ▼ 6.7% |
| Stocks and contracts in progress3 | €2k | €815 | €1k | €151 | €8k | ▲ 5,038% |
| Stocks30/36 | €2k | €815 | €1k | €151 | €8k | ▲ 5,038% |
| Amounts receivable within one year40/41 | €20k | €22k | €131k | €226k | €89k | ▼ 60.5% |
| Trade receivables40 | €14k | €22k | €131k | €221k | €77k | ▼ 65.2% |
| Other amounts receivable41 | €6k | €266 | €4 | €6k | €13k | ▲ 117% |
| Current investments50/53 | €207k | €221k | €282k | €313k | €109k | ▼ 65.0% |
| Cash at bank and in hand54/58 | €281k | €325k | €197k | €127k | €415k | ▲ 226% |
| Deferred charges and accrued income490/1 | €3k | €2k | €4k | €4k | €4k | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €650k | €699k | €731k | €817k | €757k | ▼ 7.3% |
| Equity10/15 | €547k | €581k | €592k | €700k | €652k | ▼ 6.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | €6k | €6k | €5k | €5k | €4k | ▼ 9.1% |
| Reserves13 | €522k | €556k | €568k | €677k | €629k | ▼ 7.0% |
| Non-distributable reserves130/1 | €10k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €10k | €0 | - | - | - | - |
| Tax-exempt reserves132 | €132k | €19k | €19k | €19k | €19k | = |
| Distributable reserves133 | €380k | €537k | €550k | €658k | €610k | ▼ 7.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €103k | €118k | €139k | €117k | €105k | ▼ 10.5% |
| Amounts payable within one year42/48 | €101k | €117k | €119k | €117k | €104k | ▼ 11.3% |
| Trade debts44 | €10k | €7k | €953 | €12k | €9k | ▼ 27.3% |
| Suppliers440/4 | €10k | €7k | €953 | €12k | €9k | ▼ 27.3% |
| Advances received on contracts in progress46 | - | €1k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €11k | €24k | €32k | €17k | €17k | ▼ 3.8% |
| Taxes450/3 | €11k | €24k | €31k | €17k | €17k | ▼ 3.8% |
| Remuneration and social security454/9 | - | - | €432 | €0 | - | - |
| Other amounts payable47/48 | €80k | €85k | €87k | €88k | €78k | ▼ 10.5% |
| Accrued charges and deferred income492/3 | €2k | €970 | €19k | €163 | €1k | ▲ 541% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91k | €38k | €102k | €108k | €76k | ▼ 29.4% |
| + Depreciation and write-downs630 | €17k | €15k | €14k | €19k | €24k | ▲ 27.6% |
| Operating cash flow (approximation) | €107k | €53k | €116k | €127k | €101k | ▼ 20.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | €-49k | €-9k | ▲ 81.2% |
| Change in cash | - | €44k | €-128k | €-70k | €288k | ▲ 512% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €108k ▲6.4%
Net result €108k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €31k ▼67.2%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zonnebeke · 1 establishment unit since 2002
Ground area
400 m²
Building footprint
212 m²
Volume, LiDAR
915 m³
Parcel 33037C0092/00T000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
De Voerman 30, 8980 Zonnebeke
since 20022.114.689.674
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0092/00T000 | Flanders | 400 m² | 1 · 212 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 336 EUR awarded · 336 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 336 EUR | 336 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 4,067 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
Founded07-10-2002
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
25110Manufacture of metal structures and parts of structures
Scores and ratios are computed by Checked and are not a credit decision.