VERDUERE
ActiveSummary
VERDUERE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €480k and a net result of €74k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 79% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+75
Solvency94▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.89 against 2.1 in 2023; short-term debt: 31.4% and cash: 35.5% of total assets), and 31.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
21 d early
2022
39 d early
2021
30 d late
2020
32 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€480k▲ 18.3%
2023 · €405k
2018: €337klowest in 7 years
2019: €411k▲ +21.7% vs 2018
2020: €553k▲ +34.5% vs 2019highest in 7 years
2021: €505k▼ -8.6% vs 2020
2022: €470k▼ -7.0% vs 2021
2023: €405k▼ -13.7% vs 2022
2024: €480k▲ +18.3% vs 2023
2018 → 2024
Total assets
€699k▼ 0.2%
2023 · €700k
2018: €482klowest in 7 years
2019: €548k▲ +13.8% vs 2018
2020: €706k▲ +28.7% vs 2019
2021: €770k▲ +9.1% vs 2020
2022: €828k▲ +7.6% vs 2021highest in 7 years
2023: €700k▼ -15.5% vs 2022
2024: €699k▼ -0.2% vs 2023
2018 → 2024
Net result
€74k
2023 · €-64k
2018: €25k
2019: €73k▲ +193% vs 2018
2020: €142k▲ +93.3% vs 2019highest in 7 years
2021: €103k▼ -27.5% vs 2020
2022: €20k▼ -80.7% vs 2021
2023: €-64k▼ -425% vs 2022lowest in 7 years
2024: €74k▲ +215% vs 2023
2018 → 2024
Working capital
€415k▲ 28.0%
2023 · €324k
2018: €303k
2019: €280k▼ -7.6% vs 2018lowest in 7 years
2020: €438k▲ +56.4% vs 2019highest in 7 years
2021: €409k▼ -6.6% vs 2020
2022: €409k● -0.0% vs 2021
2023: €324k▼ -20.8% vs 2022
2024: €415k▲ +28.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€553k-€505k▼ 8.6%€470k▼ 7.0%€405k▼ 13.7%€480k▲ 18.3%
2020: €553khighest in 5 years
2021: €505k▼ -8.6% vs 2020
2022: €470k▼ -7.0% vs 2021
2023: €405k▼ -13.7% vs 2022lowest in 5 years
2024: €480k▲ +18.3% vs 2023
Operating result€187k-€132k▼ 29.2%€14k▼ 89.3%€-84k€74k
2020: €187khighest in 5 years
2021: €132k▼ -29.2% vs 2020
2022: €14k▼ -89.3% vs 2021
2023: €-84k▼ -694% vs 2022lowest in 5 years
2024: €74k▲ +188% vs 2023
Net result€142k-€103k▼ 27.5%€20k▼ 80.7%€-64k€74k
2020: €142khighest in 5 years
2021: €103k▼ -27.5% vs 2020
2022: €20k▼ -80.7% vs 2021
2023: €-64k▼ -425% vs 2022lowest in 5 years
2024: €74k▲ +215% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €74k after a loss of €84k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €699k
Fixed assets
€65k ▼ 20.4%
Current assets
€634k ▲ 2.4%
Equity and liabilities €699k
Equity
€480k ▲ 18.3%
Debt
€219k ▼ 25.7%
Debt's share of the balance-sheet total falls from 42.1% to 31.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▲
2023 · €-42k
Cash flow
€94k▲
2023 · €-22k
Current ratio
2.89▲
2023 · 2.10
Quick ratio
2.58▲
2023 · 1.84
Debt to equity
0.46▼
2023 · 0.73
ROE
15.5%▲
2023 · -15.9%
ROA
10.6%▲
2023 · -9.2%
Interest coverage
178.98▲
2023 · -336.82
Debt ≤ 1 year
€219k▼
2023 · €295k
Income taxes
€14k▲
2023 · €971
Staff costs
€421k▼
2023 · €468k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€700k€699k▼
Fixed assets21/28€82k€65k▼
Tangible fixed assets22/27€82k€65k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€52k€40k▼
Other tangible fixed assets26€27k€22k▼
Current assets29/58€619k€634k▲
Stocks and contracts in progress3€75k€69k▼
Stocks30/36€68k€60k▼
Contracts in progress37€7k€9k▲
Amounts receivable within one year40/41€384k€233k▼
Trade receivables40€57k€22k▼
Other amounts receivable41€328k€212k▼
Current investments50/53€62k€79k▲
Cash at bank and in hand54/58€94k€248k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€700k€699k▼
Equity10/15€405k€480k▲
Contributions10/11€19k€19k=
Reserves13€437k€461k▲
Distributable reserves133€437k€461k▲
Profit (loss) carried forward14€-50k€0▲
Amounts payable17/49€295k€219k▼
Amounts payable within one year42/48€295k€219k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€135k€88k▼
Suppliers440/4€135k€88k▼
Advances received on contracts in progress46€128k€109k▼
Taxes, remuneration and social security45€26k€20k▼
Taxes450/3€257€4k▲
Remuneration and social security454/9€26k€16k▼
Other amounts payable47/48€6k€2k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€800€0▼
Remuneration, social security and pensions62€468k€421k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€20k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€430k€519k▲
Operating profit (loss)9901€-84k€74k▲
Financial income75/76B€21k€14k▼
Recurring financial income75€21k€14k▼
Financial charges65/66B€125€524▲
Recurring financial charges65€125€524▲
Profit (loss) for the period before taxes9903€-63k€88k▲
Income taxes67/77€971€14k▲
Profit (loss) for the period9904€-64k€74k▲
Profit (loss) for the period to be appropriated9905€-64k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€24k▲
Profit (loss) brought forward from the previous period14P-€-50k
Transfer from equity791/2€14k€0▼
Transfer to equity691/2€0€24k▲
To other reserves6921€0€24k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90878.28.2=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €800 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €402k | €509k | €468k | €421k | ▼ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €44k | €34k | €42k | €20k | ▼ 53.2% |
| Other operating charges640/8 | - | €4k | €4k | €4k | €4k | ▲ 0.7% |
| Gross operating margin9900 | €664k | €582k | €560k | €430k | €519k | ▲ 20.7% |
| Operating profit (loss)9901 | €187k | €132k | €14k | €-84k | €74k | ▲ 188% |
| Financial income75/76B | - | €17k | €18k | €21k | €14k | ▼ 32.2% |
| Recurring financial income75 | €15k | €17k | €18k | €21k | €14k | ▼ 32.2% |
| Financial charges65/66B | - | €1k | €659 | €125 | €524 | ▲ 319% |
| Recurring financial charges65 | €272 | €1k | €659 | €125 | €524 | ▲ 319% |
| Profit (loss) for the period before taxes9903 | €201k | €148k | €32k | €-63k | €88k | ▲ 239% |
| Income taxes67/77 | €60k | €45k | €12k | €971 | €14k | ▲ 1,310% |
| Profit (loss) for the period9904 | €142k | €103k | €20k | €-64k | €74k | ▲ 215% |
| Profit (loss) for the period to be appropriated9905 | €142k | €103k | €20k | €-64k | €74k | ▲ 215% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €706k | €770k | €828k | €700k | €699k | ▼ 0.2% |
| Fixed assets21/28 | €125k | €97k | €66k | €82k | €65k | ▼ 20.4% |
| Tangible fixed assets22/27 | €125k | €97k | €66k | €82k | €65k | ▼ 20.4% |
| Plant, machinery and equipment23 | - | €31k | €18k | €3k | €3k | ▲ 7.5% |
| Furniture and vehicles24 | - | €29k | €16k | €52k | €40k | ▼ 22.8% |
| Other tangible fixed assets26 | - | €37k | €32k | €27k | €22k | ▼ 18.9% |
| Current assets29/58 | €581k | €673k | €763k | €619k | €634k | ▲ 2.4% |
| Stocks and contracts in progress3 | €28k | €48k | €138k | €75k | €69k | ▼ 7.8% |
| Stocks30/36 | - | €24k | €122k | €68k | €60k | ▼ 11.5% |
| Contracts in progress37 | - | €23k | €16k | €7k | €9k | ▲ 29.0% |
| Amounts receivable within one year40/41 | €194k | €241k | €191k | €384k | €233k | ▼ 39.3% |
| Trade receivables40 | - | €141k | €46k | €57k | €22k | ▼ 61.7% |
| Other amounts receivable41 | - | €100k | €145k | €328k | €212k | ▼ 35.4% |
| Current investments50/53 | - | €49k | €62k | €62k | €79k | ▲ 27.4% |
| Cash at bank and in hand54/58 | €345k | €326k | €362k | €94k | €248k | ▲ 163% |
| Deferred charges and accrued income490/1 | - | €9k | €10k | €3k | €4k | ▲ 38.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €706k | €770k | €828k | €700k | €699k | ▼ 0.2% |
| Equity10/15 | €553k | €505k | €470k | €405k | €480k | ▲ 18.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €413k | €487k | €451k | €437k | €461k | ▲ 5.4% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €487k | €451k | €437k | €461k | ▲ 5.4% |
| Profit (loss) carried forward14 | - | €0 | €0 | €-50k | €0 | ▲ 100% |
| Amounts payable17/49 | €153k | €265k | €359k | €295k | €219k | ▼ 25.7% |
| Amounts payable after more than one year17 | €6k | €823 | €0 | - | - | - |
| Financial debts170/4 | - | €823 | €0 | - | - | - |
| Amounts payable within one year42/48 | €143k | €264k | €354k | €295k | €219k | ▼ 25.7% |
| Current portion of amounts payable after more than one year42 | - | €5k | €823 | €0 | - | - |
| Trade debts44 | €94k | €105k | €126k | €135k | €88k | ▼ 34.9% |
| Suppliers440/4 | - | €105k | €126k | €135k | €88k | ▼ 34.9% |
| Advances received on contracts in progress46 | - | €19k | €195k | €128k | €109k | ▼ 14.7% |
| Taxes, remuneration and social security45 | - | €33k | €22k | €26k | €20k | ▼ 22.7% |
| Taxes450/3 | - | €16k | €5k | €257 | €4k | ▲ 1,467% |
| Remuneration and social security454/9 | - | €17k | €16k | €26k | €16k | ▼ 37.6% |
| Other amounts payable47/48 | - | €102k | €10k | €6k | €2k | ▼ 63.1% |
| Accrued charges and deferred income492/3 | - | €0 | €5k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142k | €103k | €20k | €-64k | €74k | ▲ 215% |
| + Depreciation and write-downs630 | €41k | €44k | €34k | €42k | €20k | ▼ 53.2% |
| Operating cash flow (approximation) | €183k | €147k | €53k | €-22k | €94k | ▲ 520% |
| Investment in fixed assets (approximation) | - | €-16k | €-2k | €-58k | €-3k | ▲ 94.8% |
| Change in cash | - | €-19k | €36k | €-268k | €154k | ▲ 157% |
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
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €142k ▲93.3%
Operating result €187k, net result €142k, both a record.
31-12
Financial
Equity above €500kEq €553k ▲34.5%
3 profitable years in a row build equity to €553k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Wetteren · 1 establishment unit since 1998
Ground area
1,764 m²
Building footprint
462 m²
Volume, LiDAR
1,379 m³
Parcel 42302D0453/00H000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rijckerstraat 17, 9230 Wetteren
since 19982.085.440.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302D0453/00H000 | Flanders | 1,764 m² | 1 · 462 m² | 6.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 4,460 EUR awarded · 3,955 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,665 EUR | 2,793 EUR |
| 2024 | 1 | 2,751 EUR | 1,118 EUR |
| 2023 | 1 | 44 EUR | 44 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
3 categoriesVERDUERE BV36059
Legal Entity Identifier
894500MQ1WUQT73IBV73
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,053 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
Founded09-01-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.