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VERCON

Active
Private limited company (pre-2019)founded 20188 yrs activeOtterstraat 38, 2300 Turnhout, BelgiumKBO/BCE: BE 0700.243.988
Summary

VERCON has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€30,198) and a net result of €95,162. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency25▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 100.1% and cash: 0.9% of total assets), and equity is negative.
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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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
17 d early
2024
17 d early
2023
21 d early
2022
25 d early
2021
11 d early
2020
17 d early
2019
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 18 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 (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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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

VERCON was incorporated on 19 July 2018.1 Total assets rose from EUR 1 million in 2019 to EUR 6.9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€30,198▲ 75.9%
2024 · -€125,360
Total assets
€6.9m▼ 3.2%
2024 · €7.1m
Net result
€95,162▲ 173%
2024 · €34,891
Working capital
-€6.8m▲ 4.2%
2024 · -€7.1m
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
Line20212022202320242025
Operating result-€14,842▼ 489%-€96,600▼ 551%-€68,271▲ 29.3%€34,912€95,503▲ 174%
Net result-€15,000▼ 468%-€92,557▼ 517%-€63,519▲ 31.4%€34,891€95,162▲ 173%
Equity-€4,174-€96,732▼ 2,217%-€160,251▼ 65.7%-€125,360▲ 21.8%-€30,198▲ 75.9%
Total assets€1.1m▲ 8.3%€3.5m▲ 221%€6.1m▲ 72.1%€7.1m▲ 16.9%€6.9m▼ 3.2%
Debt€1.1m▲ 9.9%€3.6m▲ 228%€6.3m▲ 71.9%€7.3m▲ 15.9%€6.9m▼ 4.5%
Working capital-€1.1m▼ 7.5%-€3.6m▼ 234%-€6.2m▼ 73.3%-€7.1m▼ 15.0%-€6.8m▲ 4.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000€100,000Operating result 2021: -€14,842-€14,842Net result 2021: -€15,000-€15,000Operating result 2022: -€96,600-€96,600Net result 2022: -€92,557-€92,557Operating result 2023: -€68,271-€68,271Net result 2023: -€63,519-€63,519Operating result 2024: €34,912€34,912Net result 2024: €34,891€34,891Operating result 2025: €95,503€95,503Net result 2025: €95,162€95,16220212022202320242025-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€68,271-€68,300Net result 2023: -€63,519-€63,500Operating result 2024: €34,912€34,900Net result 2024: €34,891€34,900Operating result 2025: €95,503€95,500Net result 2025: €95,162€95,200202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 174% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.9m
Fixed assets €6.8m ▼ 2.9%
Current assets €69,277 ▼ 27.2%
Key figures and ratios
2025 value · change against 2024
EBITDA
€323,029▲
2024 · €84,943
Cash flow
€322,688▲
2024 · €84,922
Solvency
-0.4%▲
2024 · -1.8%
Current ratio
0.01▼
2024 · 0.01
ROA
1.4%▲
2024 · 0.5%
Interest coverage
909.43▲
2024 · 288.27
Debt ≤ 1 year
€6.9m▼
2024 · €7.2m
A ratio outside any meaningful range has been withheld (balance sheet total €6.9m, equity -€30,198).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 133 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.

  • Medium-sized
  • negative equity
  • a profit under 5% of the balance sheet
  • without age
0% went bankrupt
3.8% stopped otherwise
95% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 133 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 · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€7.1m€6.9m▼
Fixed assets21/28€7.0m€6.8m▼
Tangible fixed assets22/27€7.0m€6.8m▼
Land and buildings22€7.0m€6.8m▼
Assets under construction and advance payments27€0-
Current assets29/58€95,153€69,277▼
Amounts receivable within one year40/41€231€319▲
Trade receivables40€231€319▲
Cash at bank and in hand54/58€68,094€65,116▼
Deferred charges and accrued income490/1€26,828€3,843▼
Equity and liabilities
Total equity and liabilities10/49€7.1m€6.9m▼
Equity10/15-€125,360-€30,198▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€143,960-€48,798▲
Amounts payable17/49€7.3m€6.9m▼
Amounts payable within one year42/48€7.2m€6.9m▼
Trade debts44€58,862€8,462▼
Suppliers440/4€58,862€8,462▼
Other amounts payable47/48€7.2m€6.9m▼
Accrued charges and deferred income492/3€23,831€21,955▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,031€227,526▲
Other operating charges640/8€1,392€375▼
Gross operating margin9900€86,335€323,404▲
Operating profit (loss)9901€34,912€95,503▲
Financial income75/76B€274€14▼
Recurring financial income75€274€14▼
Financial charges65/66B€295€355▲
Recurring financial charges65€295€355▲
Profit (loss) for the period before taxes9903€34,891€95,162▲
Profit (loss) for the period9904€34,891€95,162▲
Profit (loss) for the period to be appropriated9905€34,891€95,162▲
Appropriation of the result
Profit (loss) to be appropriated9906-€143,960-€48,798▲
Profit (loss) brought forward from the previous period14P-€178,851-€143,960▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€8,338€50,031€227,526▲ 355%
Other operating charges640/8€7,546€8,203€3,482€1,392€375▼ 73.1%
Gross operating margin9900-€7,296-€88,398-€56,451€86,335€323,404▲ 275%
Operating profit (loss)9901-€14,842-€96,600-€68,271€34,912€95,503▲ 174%
Financial income75/76B-€4,197€5,023€274€14▼ 94.9%
Recurring financial income75-€4,197€5,023€274€14▼ 94.9%
Financial charges65/66B€157€154€270€295€355▲ 20.5%
Recurring financial charges65€157€154€270€295€355▲ 20.5%
Profit (loss) for the period before taxes9903-€15,000-€92,557-€63,519€34,891€95,162▲ 173%
Profit (loss) for the period9904-€15,000-€92,557-€63,519€34,891€95,162▲ 173%
Profit (loss) for the period to be appropriated9905-€15,000-€92,557-€63,519€34,891€95,162▲ 173%
Line20212022202320242025Change
Assets
Total assets20/58€1.1m€3.5m€6.1m€7.1m€6.9m▼ 3.2%
Fixed assets21/28€1.1m€3.5m€6.0m€7.0m€6.8m▼ 2.9%
Tangible fixed assets22/27€1.1m€3.5m€6.0m€7.0m€6.8m▼ 2.9%
Land and buildings22€1.1m€1.6m€2.9m€7.0m€6.8m▼ 2.9%
Assets under construction and advance payments27-€1.9m€3.2m€0--
Current assets29/58€35,892€59,352€49,334€95,153€69,277▼ 27.2%
Amounts receivable within one year40/41---€231€319▲ 37.6%
Trade receivables40---€231€319▲ 37.6%
Cash at bank and in hand54/58€35,892€59,352€48,498€68,094€65,116▼ 4.4%
Deferred charges and accrued income490/1--€836€26,828€3,843▼ 85.7%
Equity and liabilities
Total equity and liabilities10/49€1.1m€3.5m€6.1m€7.1m€6.9m▼ 3.2%
Equity10/15-€4,174-€96,732-€160,251-€125,360-€30,198▲ 75.9%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Profit (loss) carried forward14-€22,774-€115,332-€178,851-€143,960-€48,798▲ 66.1%
Amounts payable17/49€1.1m€3.6m€6.3m€7.3m€6.9m▼ 4.5%
Amounts payable within one year42/48€1.1m€3.6m€6.3m€7.2m€6.9m▼ 4.5%
Trade debts44-€58,826€297,229€58,862€8,462▼ 85.6%
Suppliers440/4-€58,826€297,229€58,862€8,462▼ 85.6%
Other amounts payable47/48€1.1m€3.6m€6.0m€7.2m€6.9m▼ 3.8%
Accrued charges and deferred income492/3--€4,000€23,831€21,955▼ 7.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€15,000-€92,557-€63,519€34,891€95,162▲ 173%
+ Depreciation and write-downs630--€8,338€50,031€227,526▲ 355%
Operating cash flow (approximation)-€15,000-€92,557-€55,180€84,922€322,688▲ 280%
Investment in fixed assets (approximation)--€2.4m-€2.6m-€1.0m-€24,611▲ 97.6%
Change in cash-€23,460-€10,854€19,596-€2,978▼ 115%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Highest result since 2019net €95,162 ▲173%
Operating result €95,503, net result €95,162, both a record.
14-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €34,891
Net result €34,891 after 5 loss-making years.
10-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€92,557
Net result drops to -€92,557, the lowest in the series; recovery starts the following year.
20-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing Annual accounts filed
fiscal year 2019 · micro 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, Turnhout · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
602 m²
Building footprint
327 m²
Volume, LiDAR
4,123 m³
Parcel 13453S0098/00F000, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
VERCON
Otterstraat 38, 2300 TurnhoutCivil engineering
since 20182.278.553.556
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13453S0098/00F000 Flanders 602 m² 1 · 327 m² 17.8 m · 5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Verbo Invest 100%
  2. VERCON

Highest known parent: Verbo Invest. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded19-07-2018
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0700243988
Also 9925:BE0700243988
Registered 23-12-2024

Register as of 28 September 2026 · Peppol Directory

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