Equity
€6,160 from €57,308 in 2007
Equity fell by 89% in 18 years.
VERDICO
Lifetime
18 annual accounts with figures on one time axis, 27 filings since 1997peak €30,814 (2021)
-€2,639▼ €6,985
lowest -€74,542 (2012)
-€13,630▼ €7,194
peak €57,308 (2007)
€6,160▼ 68.9%
€261,165▼ 2.3%
Board2 names since 2021
1 directorTom VERMEERSCH
Documentsfilings and deeds
05-03-20265 days late
2025micro format
Gross margin from €4,346 to -€2,639Loss of €13,630Equity from €19,790 to €6,160Cash from €14,526 to €3,563
Key points
from the 2025 annual accountsLosses
-€38,480 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€261,165 98% of the balance sheet
2025 accounts filed 5 days after the deadlineTurnover not published (micro format)
Checked score
53
Fair
Financially stronger than 13% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.5%▲ +0.2 percentage points vs 01-2025
03-2025: 0.8%▲ +0.3 percentage points vs 02-2025highest value
04-2025: 0.2%▼ -0.6 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.4%▲ +0.2 percentage points vs 01-2026
03-2026: 0.6%▲ +0.2 percentage points vs 02-2026
04-2026: 0.3%▼ -0.3 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €13,630, the second in a row (financial year 2025)
lowers risk
Size: total assets €267,325
Founded in 1996
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 22% of them on solvency, 5% on liquidity, 15% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-07-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 974 companies had the same profile as VERDICO has now. Each dot stands for 3 companies, two years later.
92.9%
were still trading
4.4%
stopped another way
2.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VERDICO itself is lower: 0.3% within 12 months. It rests on far more data about VERDICO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 974 companies, not a prediction for VERDICO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.01 (0.05 in 2024), below 1. Short-term debt is 97.7% and cash 1.3% of total assets. 97.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192122232425
2019 to 2025 · latest year -€13,630
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 17190 sector peers (2025).
NBB · sector comparisonPosition among 17190 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 05-03-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
3 days early
2023
8 days early
2022
12 days early
2021
39 days early
2019
16 days late
2018
97 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-07-2026 is due by 28-02-2027. Nothing is late today. The company usually files around 21 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-07-2026 year end09-11-2026 today28-02-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0457862170
Reappointment: Vermeersch Tom (director)
Gazette deed
Registered office moved from Tielt to Roeselare
New registered office: Scherminkelstraat 7, 8800 ROESELARE · Previous registered office: Egemsesteenweg 44, 8700 Tielt, België · Resignation: COÖRDINATIEBUREAU FRANS VERMEERSCH (director) · General meeting of 03-03-2021 · Gazette deed
First establishment
Egemsesteenweg 44, Tielt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VERDICO Roeselare | €267,325 | -€2,639 | 2.3% | - |
| ZEEZICHT Nieuwpoort | €207,605 | -€8,316 | 87.5% | - |
| SPIRIT Izegem | €278,412 | -€713 | 62.3% | - |
| Z.O.R.G. Zulte | €300,645 | -€12,287 | 32.0% | - |
| W-Projects Tessenderlo-Ham | €301,130 | -€34,925 | 91.4% | - |
| Prodomus Oud-Heverlee | €304,533 | -€1,669 | -313.9% | - |
| NEIRYNCK ACQUISITIONS Courcelles | €347,409 | -€6,730 | 42.5% | - |
These companies have the same main activity as VERDICO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €208,000 and €347,000, founded between 1995 and 2000.
Official details
Source: KBO- Status
- Active since 23-04-1996Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.077.198.5808700 Tielt, since 04-07-1996
- Financial year end
- 31 July
- Peppol
- Reachable since 17-03-2026
Insights on VERDICO
VERDICO files the micro format. That format states no turnover. The gross margin rose from -€12,340 in 2007 to -€2,639 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VERDICO
- What is the company number of VERDICO?
- The company number of VERDICO is 0457.862.170. The VAT number is the same number with BE in front: BE 0457.862.170.
- Where is VERDICO based?
- The registered office is at Scherminkelstraat 7, 8800 Roeselare.Company details
- What does VERDICO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of VERDICO?
- VERDICO is a private limited company (BV).
- When was VERDICO founded?
- VERDICO was founded on 23-04-1996.
- Is VERDICO still active?
- Yes, VERDICO is an active enterprise in the KBO register.
- What is the turnover of VERDICO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is VERDICO profitable?
- In financial year 2025, VERDICO made a loss of €13,630.
- Where can I find the annual accounts of VERDICO?
- VERDICO filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VERDICO due?
- VERDICO must file the annual accounts for financial year 2026 by 28-02-2027.Timeline
Next steps
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