Verder

Active

Public limited companyfounded 197055 yrs activeKontichsesteenweg 17, 2630 Aartselaar, BelgiumKBO/BCE: BE 0407.717.031

Summary

Verder has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31.4m and a net result of €1.0m. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

VerderActiveChecked score 81/100

Risk analysis Report Compare

Checked score

Score 2025

81 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability81▼-3

Solvency100=

Growth43▲+2

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €700,000 at 30 days acceptable

Liquidity tight (current ratio 1.24 against 1.35 in 2024; short-term debt: 2.6% and cash: 0% of total assets), and 2.6% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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

97.4%

Return on assets

3.1%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Wholesale trade (NACE 46)

about 21% more bankruptcies

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

74 d early

2024

44 d early

2023

57 d early

2022

66 d early

2021

16 d early

2020

36 d early

2019

28 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 46 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

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

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

On 8 December 1970, Verder was incorporated.¹ Revenue went from EUR 8.7 million in 2018 to EUR 7.2 million in 2025 and headcount from 17.7 to 11 full-time equivalents.²

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Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

In the rankings #1 company by equity in Aartselaar, Wholesale and retail trade sector #5 company by total assets in Aartselaar, Wholesale and retail trade sector #7 oldest company in Aartselaar, Wholesale and retail trade sector

Turnover

€7.2m▲ 11.3%

2024 · €6.5m

EBIT margin

19.2%▲ 1.9pp

2024 · 17.3%

Net result

€1.0m▼ 64.7%

2024 · €2.9m

Working capital

€200,931▼ 50.2%

2024 · €403,179

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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

Line20212022202320242025

Turnover€6.4m▼ 26.6%€6.5m▲ 1.8%€7.1m▲ 8.4%€6.5m▼ 8.4%€7.2m▲ 11.3%

Operating result€1.2m▲ 16.0%€1.3m▲ 2.8%€1.3m▲ 3.5%€1.1m▼ 15.1%€1.4m▲ 23.7%

Net result€10.0m▲ 92.7%€4.4m▼ 56.3%€11.2m▲ 157%€2.9m▼ 74.5%€1.0m▼ 64.7%

EBIT margin19.4%▲ 7.1pp19.5%▲ 0.2pp18.7%▼ 0.9pp17.3%▼ 1.4pp19.2%▲ 1.9pp

Equity€29.8m▲ 32.3%€30.7m▲ 2.9%€31.6m▲ 3.2%€31.6m=€31.4m▼ 0.8%

Total assets€33.0m▼ 1.5%€32.8m▼ 0.6%€32.7m▼ 0.2%€32.8m▲ 0.2%€32.2m▼ 1.6%

Debt€3.2m▼ 71.2%€2.1m▼ 33.4%€1.1m▼ 49.0%€1.1m▲ 6.6%€846,508▼ 26.0%

Working capital-€659,776▲ 90.5%-€695,177▼ 5.4%€352,601€403,179▲ 14.3%€200,931▼ 50.2%

Solvency90.4%▲ 23.1pp93.6%▲ 3.2pp96.7%▲ 3.1pp96.5%▼ 0.2pp97.4%▲ 0.9pp

Current ratio0.69▲ 0.480.67▼ 0.031.33▲ 0.661.35▲ 0.021.24▼ 0.12

Return on assets (ROA)30.3%▲ 14.8pp13.3%▼ 17.0pp34.3%▲ 21.0pp8.7%▼ 25.6pp3.1%▼ 5.6pp

Staff (FTE)15.6▼ 11.9%11.7▼ 25.0%12.4▲ 6.0%11.2▼ 9.7%11▼ 1.8%

above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 24% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €32.2m

96.8%

Fixed assets €31.2m ▼ 0.1%

Current assets €1.0m ▼ 32.5%

Equity and liabilities €32.2m

97.4%

Equity €31.4m ▼ 0.8%

Debt €846,508 ▼ 26.0%

Debt's share of the balance-sheet total falls from 3.5% to 2.6%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.4m▲

2024 · €1.2m

Cash flow

€1.0m▼

2024 · €2.9m

Quick ratio

1.17▼

2024 · 1.31

Debt to equity

0.03▼

2024 · 0.04

ROE

3.2%▼

2024 · 9.0%

Interest coverage

89.80▲

2024 · 85.43

Debt ≤ 1 year

€837,889▼

2024 · €1.1m

Income taxes

€367,022▲

2024 · €296,294

Staff costs

€1.4m▲

2024 · €1.4m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines

Balance sheet Code20242025

Assets

Total assets20/58€32.8m€32.2m▼

Fixed assets21/28€31.2m€31.2m▼

Tangible fixed assets22/27€140,416€101,868▼

Land and buildings22€140,416€101,868▼

Furniture and vehicles24€0-

Financial fixed assets28€31.1m€31.1m=

Affiliated companies280/1€31.1m€31.1m=

Participating interests280€31.1m€31.1m=

Other financial fixed assets284/8€250€250=

Amounts receivable and cash guarantees285/8€250€250=

Current assets29/58€1.5m€1.0m▼

Stocks and contracts in progress3€56,307€55,132▼

Stocks30/36€56,307€55,132▼

Goods purchased for resale34€56,307€55,132▼

Amounts receivable within one year40/41€1.5m€977,497▼

Trade receivables40€1.3m€975,042▼

Other amounts receivable41€189,814€2,455▼

Cash at bank and in hand54/58€772€772=

Deferred charges and accrued income490/1€1,264€5,420▲

Equity and liabilities

Total equity and liabilities10/49€32.8m€32.2m▼

Equity10/15€31.6m€31.4m▼

Contributions10/11€8.6m€8.6m=

Capital10€8.6m€8.6m=

Issued capital100€8.6m€8.6m=

Reserves13€873,716€873,716=

Non-distributable reserves130/1€873,716€873,716=

Legal reserve130€873,716€873,716=

Profit (loss) carried forward14€22.2m€21.9m▼

Amounts payable17/49€1.1m€846,508▼

Amounts payable within one year42/48€1.1m€837,889▼

Trade debts44€327,730€336,958▲

Suppliers440/4€327,730€336,958▲

Advances received on contracts in progress46€146,464€0▼

Taxes, remuneration and social security45€349,212€370,212▲

Taxes450/3€150,705€151,158▲

Remuneration and social security454/9€198,507€219,054▲

Other amounts payable47/48€312,689€130,719▼

Accrued charges and deferred income492/3€7,660€8,620▲

Income statement Code20242025

Operating income70/76A€7.2m€7.9m▲

Turnover70€6.5m€7.2m▲

Other operating income74€671,898€728,193▲

Operating charges60/66A€6.0m€6.6m▲

Goods for resale, raw materials and consumables60€3.7m€4.2m▲

Purchases600/8€3.7m€4.2m▲

Change in stocks: decrease (increase)609€22,813-€3,391▼

Services and other goods61€934,736€911,965▼

Remuneration, social security and pensions62€1.4m€1.4m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40,369€40,292▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13,742€4,566▼

Other operating charges640/8€503€512▲

Operating profit (loss)9901€1.1m€1.4m▲

Financial income75/76B€2.1m€7,549▼

Recurring financial income75€2.1m€7,549▼

Income from financial fixed assets750€2.0m€0▼

Other financial income752/9€34,738€7,549▼

Financial charges65/66B€15,930€18,040▲

Recurring financial charges65€15,930€18,040▲

Debt charges650€13,588€15,881▲

Other financial charges652/9€2,343€2,159▼

Profit (loss) for the period before taxes9903€3.2m€1.4m▼

Transfer from deferred taxes780€0-

Income taxes67/77€296,294€367,022▲

Taxes670/3€298,740€367,022▲

Tax adjustments and reversals of tax provisions77€2,447€0▼

Profit (loss) for the period9904€2.9m€1.0m▼

Transfer from tax-exempt reserves789€0-

Profit (loss) for the period to be appropriated9905€2.9m€1.0m▼

Appropriation of the result

Profit (loss) to be appropriated9906€25.0m€23.2m▼

Profit (loss) brought forward from the previous period14P€22.2m€22.2m=

Profit to be distributed694/7€2.9m€1.3m▼

Return on contributions (dividend)694€2.9m€1.3m▼

Social balance

Average headcount (FTE)908711.211.0▼

The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Operating income70/76A	€6.9m	€7.1m	€7.7m	€7.2m	€7.9m	▲ 11.1%
Turnover70	€6.4m	€6.5m	€7.1m	€6.5m	€7.2m	▲ 11.3%
Other operating income74	€491,292	€580,605	€657,787	€671,898	€728,193	▲ 8.4%
Operating charges60/66A	€5.7m	€5.8m	€6.4m	€6.0m	€6.6m	▲ 8.7%
Goods for resale, raw materials and consumables60	€3.6m	€3.8m	€4.0m	€3.7m	€4.2m	▲ 14.2%
Purchases600/8	€3.5m	€3.8m	€4.0m	€3.7m	€4.2m	▲ 15.0%
Change in stocks: decrease (increase)609	€142,026	-€5,299	-€46,269	€22,813	-€3,391	▼ 115%
Services and other goods61	€726,919	€743,154	€845,214	€934,736	€911,965	▼ 2.4%
Remuneration, social security and pensions62	€1.1m	€1.1m	€1.5m	€1.4m	€1.4m	▲ 2.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€102,277	€98,421	€98,541	€40,369	€40,292	▼ 0.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	€19,271	€47,458	-€31,136	€13,742	€4,566	▼ 66.8%
Other operating charges640/8	€15,394	€24,005	€40,518	€503	€512	▲ 1.8%
Operating profit (loss)9901	€1.2m	€1.3m	€1.3m	€1.1m	€1.4m	▲ 23.7%
Financial income75/76B	€9.3m	€3.5m	€10.3m	€2.1m	€7,549	▼ 99.6%
Recurring financial income75	€9.3m	€3.5m	€10.3m	€2.1m	€7,549	▼ 99.6%
Income from financial fixed assets750	€9.3m	€3.5m	€10.3m	€2.0m	€0	▼ 100%
Other financial income752/9	€10,455	€749	€1,548	€34,738	€7,549	▼ 78.3%
Financial charges65/66B	€290,936	€91,185	€55,248	€15,930	€18,040	▲ 13.2%
Recurring financial charges65	€290,936	€91,185	€55,248	€15,930	€18,040	▲ 13.2%
Debt charges650	€290,743	€88,463	€51,773	€13,588	€15,881	▲ 16.9%
Other financial charges652/9	€194	€2,722	€3,475	€2,343	€2,159	▼ 7.8%
Profit (loss) for the period before taxes9903	€10.3m	€4.7m	€11.6m	€3.2m	€1.4m	▼ 56.4%
Transfer from deferred taxes780	€3,986	€3,986	€3,433	€0	-	-
Income taxes67/77	€282,975	€325,444	€349,387	€296,294	€367,022	▲ 23.9%
Taxes670/3	€282,975	€325,444	€362,571	€298,740	€367,022	▲ 22.9%
Tax adjustments and reversals of tax provisions77	-	-	€13,184	€2,447	€0	▼ 100%
Profit (loss) for the period9904	€10.0m	€4.4m	€11.2m	€2.9m	€1.0m	▼ 64.7%
Transfer from tax-exempt reserves789	€7,741	€7,741	€7,097	€0	-	-
Profit (loss) for the period to be appropriated9905	€10.0m	€4.4m	€11.2m	€2.9m	€1.0m	▼ 64.7%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€33.0m	€32.8m	€32.7m	€32.8m	€32.2m	▼ 1.6%
Fixed assets21/28	€31.5m	€31.4m	€31.3m	€31.2m	€31.2m	▼ 0.1%
Tangible fixed assets22/27	€360,453	€262,032	€180,785	€140,416	€101,868	▼ 27.5%
Land and buildings22	€359,271	€261,339	€180,581	€140,416	€101,868	▼ 27.5%
Furniture and vehicles24	€1,182	€693	€204	€0	-	-
Financial fixed assets28	€31.1m	€31.1m	€31.1m	€31.1m	€31.1m	=
Affiliated companies280/1	€31.1m	€31.1m	€31.1m	€31.1m	€31.1m	=
Participating interests280	€31.1m	€31.1m	€31.1m	€31.1m	€31.1m	=
Other financial fixed assets284/8	€250	€250	€250	€250	€250	=
Amounts receivable and cash guarantees285/8	€250	€250	€250	€250	€250	=
Current assets29/58	€1.5m	€1.4m	€1.4m	€1.5m	€1.0m	▼ 32.5%
Stocks and contracts in progress3	€37,615	€50,457	€92,862	€56,307	€55,132	▼ 2.1%
Stocks30/36	€37,615	€50,457	€92,862	€56,307	€55,132	▼ 2.1%
Goods purchased for resale34	€37,615	€50,457	€92,862	€56,307	€55,132	▼ 2.1%
Amounts receivable within one year40/41	€1.5m	€1.3m	€1.3m	€1.5m	€977,497	▼ 34.0%
Trade receivables40	€1.3m	€1.3m	€1.2m	€1.3m	€975,042	▼ 24.5%
Other amounts receivable41	€154,849	€2,405	€76,403	€189,814	€2,455	▼ 98.7%
Cash at bank and in hand54/58	€1,250	€852	€772	€772	€772	=
Deferred charges and accrued income490/1	€7,501	€49,447	€35,822	€1,264	€5,420	▲ 329%
Equity and liabilities
Total equity and liabilities10/49	€33.0m	€32.8m	€32.7m	€32.8m	€32.2m	▼ 1.6%
Equity10/15	€29.8m	€30.7m	€31.6m	€31.6m	€31.4m	▼ 0.8%
Contributions10/11	€8.6m	€8.6m	€8.6m	€8.6m	€8.6m	=
Capital10	€8.6m	€8.6m	€8.6m	€8.6m	€8.6m	=
Issued capital100	€8.6m	€8.6m	€8.6m	€8.6m	€8.6m	=
Reserves13	€888,553	€880,812	€873,716	€873,716	€873,716	=
Non-distributable reserves130/1	€873,716	€873,716	€873,716	€873,716	€873,716	=
Legal reserve130	€873,716	€873,716	€873,716	€873,716	€873,716	=
Tax-exempt reserves132	€14,837	€7,097	€0	-	-	-
Profit (loss) carried forward14	€20.3m	€21.2m	€22.2m	€22.2m	€21.9m	▼ 1.1%
Provisions and deferred taxes16	€7,419	€3,433	€0	-	-	-
Deferred taxes168	€7,419	€3,433	€0	-	-	-
Amounts payable17/49	€3.2m	€2.1m	€1.1m	€1.1m	€846,508	▼ 26.0%
Amounts payable after more than one year17	€1.0m	-	-	-	-	-
Financial debts170/4	€1.0m	-	-	-	-	-
Other loans174	€1.0m	-	-	-	-	-
Amounts payable within one year42/48	€2.2m	€2.1m	€1.1m	€1.1m	€837,889	▼ 26.2%
Current portion of amounts payable after more than one year42	€1.0m	€1.0m	€0	-	-	-
Trade debts44	€339,617	€340,800	€378,224	€327,730	€336,958	▲ 2.8%
Suppliers440/4	€339,617	€340,800	€378,224	€327,730	€336,958	▲ 2.8%
Advances received on contracts in progress46	€124,371	€50,000	€23,712	€146,464	€0	▼ 100%
Taxes, remuneration and social security45	€674,067	€564,532	€293,001	€349,212	€370,212	▲ 6.0%
Taxes450/3	€434,911	€374,120	€73,770	€150,705	€151,158	▲ 0.3%
Remuneration and social security454/9	€239,156	€190,412	€219,231	€198,507	€219,054	▲ 10.4%
Other amounts payable47/48	€18,288	€139,792	€370,591	€312,689	€130,719	▼ 58.2%
Accrued charges and deferred income492/3	€1,152	€7,660	€7,660	€7,660	€8,620	▲ 12.5%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€10.0m	€4.4m	€11.2m	€2.9m	€1.0m	▼ 64.7%
+ Depreciation and write-downs630	€102,277	€98,421	€98,541	€40,369	€40,292	▼ 0.2%
Operating cash flow (approximation)	€10.1m	€4.5m	€11.3m	€2.9m	€1.0m	▼ 63.9%
Investment in fixed assets (approximation)	-	€0	-€17,293	€0	-€1,744	-
Change in cash	-	-€399	-€80	€0	€0	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

18-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €1.0m ▼64.7%

Net result drops to €1.0m, the lowest in the series.

17-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

04-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2018net €11.2m ▲157%

Net result €11.2m, the highest in the series.

26-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

15-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €25mEq €29.8m ▲32.3%

4 profitable years in a row build equity to €29.8m.

25-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

03-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

28-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

29-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 34 acts read

About the unread acts

We know of 34 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

34 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, Aartselaar · 1 establishment unit since 1997

seat establishment The establishment unit on the map

Ground area

5,025 m²

Building footprint

2,061 m²

Volume, LiDAR

12,941 m³

Parcel 11001B0014/00N000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.

5 companies at this address See who is registered here

1 establishment unit

VERDER BELGIUM

Kontichsesteenweg 17, 2630 AartselaarWholesale trade

since 19972.011.913.127

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11001B0014/00N000	Flanders	5,025 m²	1 · 2,061 m²	8.0 m · 2 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 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

Packo Inox LtdGBsubsidiary

Sourceown accounts 2025
Equity GBP 17.3mResult GBP 7.9m

100%

According to the 2025 annual accounts of Verder and those 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.

Similar companies · same sector, comparable size

John Cockerill Hydrogen Belgium

BE 0772.789.892

Seraing · Eq €22.0m

CAT PUMPS INTERNATIONAL

Kortenberg · Eq €5.3m

Of 116 companies in sector 46645 we hold annual accounts for 79. 14 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded08-12-1970

Fiscal year end31-12

Activities, NACEBEL 2025

46645Wholesale trade

E-invoicing

Reachable via Peppol

Peppol ID 0208:0407717031

Registered 25-11-2025

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