VERDEQ
ActiveSummary
VERDEQ has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,875 and a net result of €168,224. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 2361 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency68▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.99 against 2.27 in 2024; short-term debt: 31.6% and cash: 57.9% of total assets), but 56.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
43.4%
Return on assets
70.9%
Age of the figures
15 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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
9 d late
2024
27 d late
2023
1 d early
2022
1 d early
2021
4 d early
2020
2 d early
2019
23 d early
← 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 1 day after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€102,875▲ 0.2%
2024 · €102,650
Total assets
€237,196▼ 10.6%
2024 · €265,362
Net result
€168,224▼ 26.1%
2024 · €227,582
Working capital
€149,145▲ 29.7%
2024 · €114,976
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, 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
Line20212022202320242025
Operating result-€39,291€90,452€97,046▲ 7.3%€207,061▲ 113%€172,200▼ 16.8%
Net result-€43,177below the sector's middle half€81,021above the sector's middle half€92,174above the sector's middle half▲ 13.8%€227,582above the sector's middle half▲ 147%€168,224above the sector's middle half▼ 26.1%
Equity€18,873within the sector's middle half▼ 69.6%€99,894within the sector's middle half▲ 429%€102,068within the sector's middle half▲ 2.2%€102,650within the sector's middle half▲ 0.6%€102,875within the sector's middle half▲ 0.2%
Total assets€317,527within the sector's middle half▲ 0.9%€306,526within the sector's middle half▼ 3.5%€360,788within the sector's middle half▲ 17.7%€265,362within the sector's middle half▼ 26.4%€237,196within the sector's middle half▼ 10.6%
Debt€298,654▲ 18.2%€206,631▼ 30.8%€258,720▲ 25.2%€162,712▼ 37.1%€134,322▼ 17.4%
Working capital€41,745above the sector's middle half▲ 968%€65,313above the sector's middle half▲ 56.5%€82,618above the sector's middle half▲ 26.5%€114,976above the sector's middle half▲ 39.2%€149,145above the sector's middle half▲ 29.7%
Solvency5.9%within the sector's middle half▼ 13.8pp32.6%within the sector's middle half▲ 26.6pp28.3%within the sector's middle half▼ 4.3pp38.7%within the sector's middle half▲ 10.4pp43.4%within the sector's middle half▲ 4.7pp
Current ratio1.62within the sector's middle half▲ 0.571.79within the sector's middle half▲ 0.181.50within the sector's middle half▼ 0.292.27within the sector's middle half▲ 0.772.99above the sector's middle half▲ 0.72
Return on assets (ROA)-13.6%below the sector's middle half▼ 19.6pp26.4%above the sector's middle half▲ 40.0pp25.5%above the sector's middle half▼ 0.9pp85.8%above the sector's middle half▲ 60.2pp70.9%above the sector's middle half▼ 14.8pp
Staff (FTE)0.71.7▲ 143%1.7=2.3▲ 35.3%2.1▼ 8.7%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237,196
Fixed assets
€13,175 ▼ 78.0%
Current assets
€224,021 ▲ 9.1%
Equity and liabilities €237,196
Equity
€102,875 ▲ 0.2%
Debt
€134,322 ▼ 17.4%
Debt's share of the balance-sheet total falls from 61.3% to 56.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€194,590▼
2024 · €256,553
Cash flow
€190,615▼
2024 · €277,074
Quick ratio
2.98▲
2024 · 2.25
Debt to equity
1.31▼
2024 · 1.59
ROE
163.5%▼
2024 · 221.7%
Interest coverage
59.34▼
2024 · 66.68
Debt ≤ 1 year
€74,876▼
2024 · €90,365
Debt > 1 year
€55,387▼
2024 · €68,481
Income taxes
€741▼
2024 · €1,361
Staff costs
€76,014▲
2024 · €70,849
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €43,471 | €67,708 | €70,849 | €76,014 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,324 | €50,142 | €51,356 | €49,493 | €22,391 | ▼ 54.8% |
| Other operating charges640/8 | - | €1,576 | €1,877 | €3,180 | €2,529 | ▼ 20.5% |
| Non-recurring operating charges66A | - | - | - | €4,423 | €30,079 | ▲ 580% |
| Gross operating margin9900 | €34,599 | €185,641 | €217,986 | €335,006 | €303,213 | ▼ 9.5% |
| Operating profit (loss)9901 | -€39,291 | €90,452 | €97,046 | €207,061 | €172,200 | ▼ 16.8% |
| Financial income75/76B | - | €3 | €16 | €25,888 | €45 | ▼ 99.8% |
| Recurring financial income75 | €44 | €3 | €16 | €7 | €45 | ▲ 555% |
| Non-recurring financial income76B | - | - | - | €25,881 | - | - |
| Financial charges65/66B | - | €3,291 | €3,878 | €4,006 | €3,279 | ▼ 18.1% |
| Recurring financial charges65 | €3,930 | €3,291 | €3,878 | €3,848 | €3,279 | ▼ 14.8% |
| Non-recurring financial charges66B | - | - | - | €158 | - | - |
| Profit (loss) for the period before taxes9903 | -€43,177 | €87,165 | €93,184 | €228,943 | €168,966 | ▼ 26.2% |
| Income taxes67/77 | - | €6,144 | €1,009 | €1,361 | €741 | ▼ 45.6% |
| Profit (loss) for the period9904 | -€43,177 | €81,021 | €92,174 | €227,582 | €168,224 | ▼ 26.1% |
| Profit (loss) for the period to be appropriated9905 | -€43,177 | €81,021 | €92,174 | €227,582 | €168,224 | ▼ 26.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317,527 | €306,526 | €360,788 | €265,362 | €237,196 | ▼ 10.6% |
| Fixed assets21/28 | €208,146 | €158,853 | €114,350 | €60,021 | €13,175 | ▼ 78.0% |
| Tangible fixed assets22/27 | €202,146 | €152,853 | €108,350 | €54,021 | €7,175 | ▼ 86.7% |
| Plant, machinery and equipment23 | - | €82,659 | €52,154 | €20,772 | €6,095 | ▼ 70.7% |
| Furniture and vehicles24 | - | €9,734 | €9,341 | - | - | - |
| Other tangible fixed assets26 | - | €60,460 | €46,855 | €33,249 | €1,080 | ▼ 96.8% |
| Financial fixed assets28 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €109,381 | €147,673 | €246,439 | €205,341 | €224,021 | ▲ 9.1% |
| Stocks and contracts in progress3 | €1,802 | €1,312 | €1,546 | €1,691 | €1,016 | ▼ 39.9% |
| Stocks30/36 | - | €1,312 | €1,546 | €1,691 | €1,016 | ▼ 39.9% |
| Amounts receivable within one year40/41 | €5,010 | €44 | €3,205 | €25,456 | €83,066 | ▲ 226% |
| Other amounts receivable41 | - | €44 | €3,205 | €25,456 | €83,066 | ▲ 226% |
| Cash at bank and in hand54/58 | €102,417 | €146,317 | €241,688 | €176,308 | €137,451 | ▼ 22.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,887 | €2,488 | ▲ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317,527 | €306,526 | €360,788 | €265,362 | €237,196 | ▼ 10.6% |
| Equity10/15 | €18,873 | €99,894 | €102,068 | €102,650 | €102,875 | ▲ 0.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €43,450 | €81,294 | €83,468 | €84,050 | €84,275 | ▲ 0.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €79,434 | €81,608 | €84,050 | €84,275 | ▲ 0.3% |
| Profit (loss) carried forward14 | -€43,177 | - | - | - | - | - |
| Amounts payable17/49 | €298,654 | €206,631 | €258,720 | €162,712 | €134,322 | ▼ 17.4% |
| Amounts payable after more than one year17 | €151,644 | €124,044 | €94,899 | €68,481 | €55,387 | ▼ 19.1% |
| Financial debts170/4 | - | €124,044 | €94,899 | €68,481 | €55,387 | ▼ 19.1% |
| Amounts payable within one year42/48 | €67,636 | €82,359 | €163,821 | €90,365 | €74,876 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | - | €28,733 | €29,145 | €26,419 | €14,275 | ▼ 46.0% |
| Trade debts44 | €26,557 | €26,423 | €26,423 | €46,952 | €34,834 | ▼ 25.8% |
| Suppliers440/4 | - | €26,423 | €26,423 | €46,952 | €34,834 | ▼ 25.8% |
| Taxes, remuneration and social security45 | - | €18,504 | €14,323 | €13,407 | €22,415 | ▲ 67.2% |
| Taxes450/3 | - | €12,165 | €2,180 | €2,865 | €3,944 | ▲ 37.7% |
| Remuneration and social security454/9 | - | €6,340 | €12,143 | €10,541 | €18,471 | ▲ 75.2% |
| Other amounts payable47/48 | - | €8,699 | €93,930 | €3,588 | €3,352 | ▼ 6.6% |
| Accrued charges and deferred income492/3 | - | €228 | - | €3,866 | €4,058 | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,177 | €81,021 | €92,174 | €227,582 | €168,224 | ▼ 26.1% |
| + Depreciation and write-downs630 | €51,324 | €50,142 | €51,356 | €49,493 | €22,391 | ▼ 54.8% |
| Operating cash flow (approximation) | €8,147 | €131,163 | €143,530 | €277,074 | €190,615 | ▼ 31.2% |
| Investment in fixed assets (approximation) | - | -€849 | -€6,852 | €4,836 | €24,455 | ▲ 406% |
| Change in cash | - | €43,900 | €95,371 | -€65,380 | -€38,857 | ▲ 40.6% |
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
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Highest result since 2019net €227,582 ▲147%
Operating result €207,061, net result €227,582, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €100,000Eq €102,068 ▲2.2%
2 profitable years in a row build equity to €102,068.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €81,021
Net result €81,021 after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€43,177
Net result drops to -€43,177, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-01
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 3 acts read
About the unread acts
We know of 3 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
3 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, Ronse · 3 establishment units since 2014
Ground area
5,106 m²
Building footprint
1,731 m²
Volume, LiDAR
8,429 m³
4 parcels, Flanders · tallest building 12.2 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
VERDEQ
since 20142.235.475.658
VERDEQ
since 20202.298.684.026
Opgeëistenstraat 16, 9600 Ronse
since 20262.392.393.350
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048F0502/00W005 | Flanders | 3,713 m² | 1 · 1,132 m² | 12.2 m · 1 fl. |
| 34040C0565/00S000 | Flanders | 1,146 m² | 1 · 489 m² | 10.3 m · 1 fl. |
| 45041A0001/00M026 | Flanders | 123 m² | 1 · 35 m² | - |
| 45041A0001/00S022 | Flanders | 123 m² | 1 · 75 m² | 9.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesNazareth-De Pinte2.235.475.658
Waregem2.298.684.026
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Of 1,520 companies in sector 93130 we hold annual accounts for 690. 534 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
Founded25-08-2014
Fiscal year end30-06
Activities, NACEBEL 2025
93130Fitness centres
E-invoicing
Reachable via Peppol
Peppol ID
0208:0560695632
Also
9925:BE0560695632
Registered
22-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.