VERDE
ActiveSummary
VERDE has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139,646 and a net result of -€31,406. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 18% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-7
Solvency33▼-1
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.24 in 2024; short-term debt: 40.9% and cash: 3.7% of total assets), and 92.4% of the assets are financed with debt.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
7.6%
Return on assets
-1.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 10485 sector peers (2025).
NBB · sector comparisonPosition among 10485 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
4 d early
2023
23 d early
2022
1 d early
2020
3 d early
2019
31 d late
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€139,646▼ 18.4%
2024 · €171,052
Total assets
€1.8m▼ 7.8%
2024 · €2.0m
Net result
-€31,406
2024 · €1,803
Working capital
€134,230▼ 29.9%
2024 · €191,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€75,618▲ 678%€79,973-€2,350▼ 97.1%€57,471▲ 2,345%€19,159▼ 66.7%
Net result€32,269within the sector's middle half€22,569within the sector's middle half--€30,120below the sector's middle half€1,803below the sector's middle half-€31,406below the sector's middle half
Equity€176,801within the sector's middle half▲ 22.3%€199,369within the sector's middle half-€169,250within the sector's middle half▼ 15.1%€171,052within the sector's middle half▲ 1.1%€139,646within the sector's middle half▼ 18.4%
Total assets€1.3mwithin the sector's middle half▼ 0.3%€1.3mwithin the sector's middle half-€2.1mabove the sector's middle half▲ 62.3%€2.0mabove the sector's middle half▼ 4.0%€1.8mabove the sector's middle half▼ 7.8%
Debt€1.1m▼ 3.0%€1.1m-€1.9m▲ 76.6%€1.8m▼ 4.4%€1.7m▼ 6.8%
Working capital€418,123▲ 15.4%€431,846-€274,133▼ 36.5%€191,499▼ 30.1%€134,230▼ 29.9%
Solvency13.4%below the sector's middle half▲ 2.5pp15.6%below the sector's middle half-8.2%below the sector's middle half▼ 7.4pp8.6%below the sector's middle half▲ 0.4pp7.6%below the sector's middle half▼ 1.0pp
Staff (FTE)6within the sector's middle half=7within the sector's middle half-7.5above the sector's middle half▲ 7.1%7.8above the sector's middle half▲ 4.0%8.2above the sector's middle half▲ 5.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€950,666 ▼ 4.3%
Current assets
€883,909 ▼ 11.2%
Equity and liabilities €1.8m
Equity
€139,646 ▼ 18.4%
Debt
€1.7m ▼ 6.8%
Debt's share of the balance-sheet total rises from 91.4% to 92.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€85,565▼
2024 · €123,314
Cash flow
€35,000▼
2024 · €67,646
Current ratio
1.18▼
2024 · 1.24
Quick ratio
0.32▼
2024 · 0.42
Debt to equity
12.14▲
2024 · 10.63
ROE
-22.5%▼
2024 · 1.1%
ROA
-1.7%▼
2024 · 0.1%
Interest coverage
1.65▼
2024 · 2.14
Debt ≤ 1 year
€749,678▼
2024 · €803,993
Debt > 1 year
€940,174▼
2024 · €1.0m
Income taxes
€129▼
2024 · €184
Staff costs
€409,282▲
2024 · €365,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 974 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
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €17,901 | €5,341 | €7,639 | €2,328 | ▼ 69.5% |
| Remuneration, social security and pensions62 | - | €459,171 | €336,100 | €365,399 | €409,282 | ▲ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,001 | €78,153 | €56,698 | €65,843 | €66,406 | ▲ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€3,788 | €0 | -€129 | €314 | ▲ 342% |
| Other operating charges640/8 | - | €12,426 | €16,873 | €10,030 | €12,417 | ▲ 23.8% |
| Non-recurring operating charges66A | - | €333 | €0 | €714 | €0 | ▼ 100% |
| Gross operating margin9900 | €411,889 | €626,268 | €412,021 | €499,328 | €507,577 | ▲ 1.7% |
| Operating profit (loss)9901 | €75,618 | €79,973 | €2,350 | €57,471 | €19,159 | ▼ 66.7% |
| Financial income75/76B | - | €1,815 | €1,219 | €2,104 | €1,286 | ▼ 38.9% |
| Recurring financial income75 | €500 | €1,815 | €1,219 | €2,104 | €1,286 | ▼ 38.9% |
| Financial charges65/66B | - | €48,055 | €33,510 | €57,587 | €51,721 | ▼ 10.2% |
| Recurring financial charges65 | €34,651 | €40,106 | €33,510 | €57,587 | €51,721 | ▼ 10.2% |
| Non-recurring financial charges66B | - | €7,949 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €41,467 | €33,733 | -€29,940 | €1,987 | -€31,277 | ▼ 1,674% |
| Income taxes67/77 | €9,198 | €11,165 | €179 | €184 | €129 | ▼ 29.9% |
| Profit (loss) for the period9904 | €32,269 | €22,569 | -€30,120 | €1,803 | -€31,406 | ▼ 1,842% |
| Profit (loss) for the period to be appropriated9905 | €32,269 | €22,569 | -€30,120 | €1,803 | -€31,406 | ▼ 1,842% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €2.1m | €2.0m | €1.8m | ▼ 7.8% |
| Fixed assets21/28 | €435,504 | €401,936 | €1.0m | €993,666 | €950,666 | ▼ 4.3% |
| Tangible fixed assets22/27 | €431,004 | €397,436 | €1.0m | €993,666 | €950,666 | ▼ 4.3% |
| Land and buildings22 | - | €337,326 | €953,745 | €913,888 | €874,032 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €42,250 | €49,118 | €60,423 | €57,790 | ▼ 4.4% |
| Furniture and vehicles24 | - | €17,509 | €21,478 | €19,355 | €18,844 | ▼ 2.6% |
| Leasing and similar rights25 | - | €351 | €0 | - | - | - |
| Financial fixed assets28 | €4,500 | €4,500 | €0 | - | - | - |
| Current assets29/58 | €885,842 | €874,709 | €1.0m | €995,492 | €883,909 | ▼ 11.2% |
| Stocks and contracts in progress3 | €460,000 | €536,496 | €702,202 | €659,450 | €640,363 | ▼ 2.9% |
| Stocks30/36 | - | €536,496 | €702,202 | €659,450 | €640,363 | ▼ 2.9% |
| Amounts receivable within one year40/41 | €274,036 | €303,107 | €239,106 | €208,314 | €170,997 | ▼ 17.9% |
| Trade receivables40 | - | €300,749 | €235,598 | €207,214 | €160,665 | ▼ 22.5% |
| Other amounts receivable41 | - | €2,358 | €3,508 | €1,100 | €10,332 | ▲ 839% |
| Cash at bank and in hand54/58 | €151,651 | €28,311 | €104,418 | €124,055 | €68,589 | ▼ 44.7% |
| Deferred charges and accrued income490/1 | - | €6,796 | €1,886 | €3,674 | €3,960 | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €2.1m | €2.0m | €1.8m | ▼ 7.8% |
| Equity10/15 | €176,801 | €199,369 | €169,250 | €171,052 | €139,646 | ▼ 18.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €158,201 | €180,769 | €150,650 | €152,452 | €121,046 | ▼ 20.6% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €16,650 | €16,650 | €16,650 | €16,650 | = |
| Distributable reserves133 | - | €164,119 | €134,000 | €135,802 | €104,396 | ▼ 23.1% |
| Profit (loss) carried forward14 | -€7,626 | - | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.1m | €1.9m | €1.8m | €1.7m | ▼ 6.8% |
| Amounts payable after more than one year17 | €658,328 | €615,654 | €1.1m | €1.0m | €940,174 | ▼ 6.8% |
| Financial debts170/4 | - | €615,654 | €1.1m | €1.0m | €940,174 | ▼ 6.8% |
| Trade debts175 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €467,719 | €442,864 | €773,479 | €803,993 | €749,678 | ▼ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €38,862 | €69,629 | €80,251 | €87,397 | ▲ 8.9% |
| Financial debts43 | - | €75,000 | €300,000 | €300,000 | €275,000 | ▼ 8.3% |
| Credit institutions430/8 | - | €75,000 | €300,000 | €300,000 | €275,000 | ▼ 8.3% |
| Trade debts44 | €233,435 | €202,519 | €307,900 | €281,504 | €277,295 | ▼ 1.5% |
| Suppliers440/4 | - | €202,519 | €307,900 | €281,504 | €277,295 | ▼ 1.5% |
| Taxes, remuneration and social security45 | - | €114,913 | €86,343 | €106,006 | €109,319 | ▲ 3.1% |
| Taxes450/3 | - | €65,034 | €34,898 | €51,565 | €54,543 | ▲ 5.8% |
| Remuneration and social security454/9 | - | €49,878 | €51,445 | €54,440 | €54,776 | ▲ 0.6% |
| Other amounts payable47/48 | - | €11,570 | €9,608 | €36,233 | €667 | ▼ 98.2% |
| Accrued charges and deferred income492/3 | - | €18,758 | €5,953 | €5,013 | €5,076 | ▲ 1.2% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,269 | €22,569 | -€30,120 | €1,803 | -€31,406 | ▼ 1,842% |
| + Depreciation and write-downs630 | €55,001 | €78,153 | €56,698 | €65,843 | €66,406 | ▲ 0.9% |
| Operating cash flow (approximation) | €87,270 | €100,721 | €26,578 | €67,646 | €35,000 | ▼ 48.3% |
| Investment in fixed assets (approximation) | - | - | -€679,103 | -€35,169 | -€23,405 | ▲ 33.4% |
| Change in cash | - | - | €76,108 | €19,636 | -€55,466 | ▼ 382% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet -€31,406
Net result drops to -€31,406, the lowest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €1,803
Net result €1,803 after one loss-making year.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €32,269
Net result €32,269 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €176,801 ▲22.3%
Equity rises from €144,532 to €176,801.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Menen · 3 establishment units since 1988
Ground area
2,299 m²
Building footprint
1,275 m²
Volume, LiDAR
6,115 m³
3 parcels, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
VERDE
since 19882.019.518.620
Verde
since 20152.289.240.778
Spoorwegstraat 55+, 8930 Menen
since 20232.355.431.994
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032A0173/00W009 | Flanders | 1,239 m² | 1 · 924 m² | 7.5 m · 2 fl. |
| 34032A0173/00W007 | Flanders | 662 m² | 1 · 156 m² | - |
| 34024B0311/00R000 | Flanders | 397 m² | 1 · 195 m² | 11.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 to 2025 · 4 entries · 23,838 EUR awarded · 23,838 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1 EUR | 1 EUR |
| 2024 | 1 | 5,355 EUR | 5,355 EUR |
| 2023 | 1 | 9,161 EUR | 9,161 EUR |
| 2022 | 1 | 9,321 EUR | 9,321 EUR |
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DW SOUDURE
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Nostraclou
BE 0732.878.550
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Ets FOGUENNE
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Of 301 companies in sector 47525 we hold annual accounts for 207. 165 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
Founded06-11-1981
Fiscal year end30-06
Activities, NACEBEL 2025
47525Retail trade
43320Joinery installation
43990Other specialised construction activities
46620Wholesale of machine tools
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422035122
Also
9925:BE0422035122
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.