VERDUN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VERDUN CONSTRUCT is 2.2% (moderate). The 2024 annual accounts show equity of €60k and a net result of €5k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 36375 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2024
Profitability73▲+13
Solvency61▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.48; short-term debt: 41.4% and cash: 18.5% of total assets), and 63.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
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 2024Solvency, return and age of the figures
Solvency
36.3%
Return on assets
3.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
2024
29 d late
2024
on the day
2023
16 d late
2022
22 d late
2021
3 d late
2020
33 d early
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€575k▼ 36.7%
2023 · €909k
2021: €789k
2022: €705k▼ -10.7% vs 2021
2023: €909k▲ +29.0% vs 2022highest in 4 years
2024: €575k▼ -36.7% vs 2023lowest in 4 years
2021 → 2024
EBIT margin
1.1%▲ 0.4pp
2023 · 0.7%
2021: 1.0%
2022: 0.3%▼ -69.1% vs 2021lowest in 4 years
2023: 0.7%▲ +106% vs 2022
2024: 1.1%▲ +67.3% vs 2023highest in 4 years
2021 → 2024
Net result
€5k▲ 110%
2024 · €3k
2019: €2k
2020: €1k▼ -34.9% vs 2019
2021: €7k▲ +570% vs 2020highest value
2022: €-1k▼ -115% vs 2021lowest value
2023: €2k▲ +336% vs 2022
2024: €3k▲ +3.4% vs 2023
2024: €5k
2019 → 2024
Working capital
€33k▲ 8.7%
2024 · €31k
2019: €25k
2020: €15k▼ -40.2% vs 2019lowest value
2021: €17k▲ +12.0% vs 2020
2022: €23k▲ +34.6% vs 2021
2023: €21k▼ -5.1% vs 2022
2024: €31k▲ +42.6% vs 2023
2024: €33khighest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242024Trend
Turnover€789k-€705k▼ 10.7%€909k▲ 29.0%€575k▼ 36.7%
2021: €789k
2022: €705k▼ -10.7% vs 2021
2023: €909k▲ +29.0% vs 2022highest in 4 years
2024: €575k▼ -36.7% vs 2023lowest in 4 years
Equity€51k-€50k▼ 2.0%€53k▲ 4.8%€55k▲ 4.8%€60k▲ 9.6%
2021: €51k
2022: €50k▼ -2.0% vs 2021lowest value
2023: €53k▲ +4.8% vs 2022
2024: €55k▲ +4.8% vs 2023
2024: €60khighest value
Operating result€8k-€2k▼ 72.4%€6k▲ 166%€6k▲ 5.9%€16k▲ 162%
2021: €8k
2022: €2k▼ -72.4% vs 2021lowest value
2023: €6k▲ +166% vs 2022
2024: €6k▲ +5.9% vs 2023
2024: €16khighest value
Net result€7k-€-1k€2k€3k▲ 3.4%€5k▲ 110%
2021: €7khighest value
2022: €-1k▼ -115% vs 2021lowest value
2023: €2k▲ +336% vs 2022
2024: €3k▲ +3.4% vs 2023
2024: €5k
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€64k ▲ 161%
Current assets
€102k ▲ 16.7%
Equity and liabilities €166k
Equity
€60k ▲ 9.6%
Debt
€106k ▲ 86.1%
Debt's share of the balance-sheet total rises from 50.8% to 63.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €23k
Cash flow
€20k▲
2024 · €19k
Current ratio
1.48▼
2024 · 1.54
Debt to equity
1.75▲
2024 · 1.03
ROE
8.7%▲
2024 · 4.6%
ROA
3.2%▲
2024 · 2.2%
Interest coverage
15.39▼
2024 · 18.24
Debt ≤ 1 year
€69k▲
2024 · €57k
Debt > 1 year
€37k
Income taxes
€6k▲
2024 · €2k
Staff costs
€79k▲
2024 · €72k
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 2024 · 48 lines
Balance sheet
Code20242024
Assets
Total assets20/58€112k€166k▲
Fixed assets21/28€25k€64k▲
Tangible fixed assets22/27€22k€62k▲
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€18k€59k▲
Financial fixed assets28€2k€3k▲
Current assets29/58€88k€102k▲
Amounts receivable within one year40/41€82k€71k▼
Trade receivables40€59k€29k▼
Other amounts receivable41€23k€43k▲
Cash at bank and in hand54/58€6k€31k▲
Equity and liabilities
Total equity and liabilities10/49€112k€166k▲
Equity10/15€55k€60k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Share premium1100/10€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€35k€40k▲
Amounts payable17/49€57k€106k▲
Amounts payable after more than one year17-€37k
Financial debts170/4-€37k
Amounts payable within one year42/48€57k€69k▲
Current portion of amounts payable after more than one year42€2k€9k▲
Trade debts44€54k€54k▼
Suppliers440/4€54k€54k▼
Taxes, remuneration and social security45€826€6k▲
Taxes450/3€826€6k▲
Remuneration and social security454/9-€42
Income statement
Code20242024
Turnover70€575k-
Goods, raw materials, services and sundry goods60/61€477k-
Remuneration, social security and pensions62€72k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€3k€6k▲
Gross operating margin9900€98k€116k▲
Operating profit (loss)9901€6k€16k▲
Financial income75/76B€170€126▼
Recurring financial income75€170€126▼
Financial charges65/66B€2k€5k▲
Recurring financial charges65€1k€2k▲
Non-recurring financial charges66B€873€3k▲
Profit (loss) for the period before taxes9903€4k€12k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€3k€5k▲
Profit (loss) for the period to be appropriated9905€3k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€40k▲
Profit (loss) brought forward from the previous period14P€32k€35k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €789k | €705k | €909k | €575k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €589k | €832k | €477k | - | - |
| Remuneration, social security and pensions62 | - | €96k | €53k | €72k | €79k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €13k | €14k | €17k | €15k | - |
| Other operating charges640/8 | - | €5k | €4k | €3k | €6k | - |
| Gross operating margin9900 | €141k | €116k | €77k | €98k | €116k | - |
| Operating profit (loss)9901 | €8k | €2k | €6k | €6k | €16k | - |
| Financial income75/76B | - | €961 | €21 | €170 | €126 | - |
| Recurring financial income75 | €693 | €961 | €21 | €170 | €126 | - |
| Non-recurring financial income76B | - | €0 | €0 | - | - | - |
| Financial charges65/66B | - | €2k | €2k | €2k | €5k | - |
| Recurring financial charges65 | €468 | €761 | €604 | €1k | €2k | - |
| Non-recurring financial charges66B | - | €1k | €2k | €873 | €3k | - |
| Profit (loss) for the period before taxes9903 | €7k | €935 | €4k | €4k | €12k | - |
| Income taxes67/77 | - | €2k | €1k | €2k | €6k | - |
| Profit (loss) for the period9904 | €7k | €-1k | €2k | €3k | €5k | - |
| Profit (loss) for the period to be appropriated9905 | €7k | €-1k | €2k | €3k | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112k | €174k | €140k | €112k | €166k | - |
| Fixed assets21/28 | €43k | €32k | €31k | €25k | €64k | - |
| Tangible fixed assets22/27 | €41k | €29k | €29k | €22k | €62k | - |
| Plant, machinery and equipment23 | - | - | €7k | €5k | €2k | - |
| Furniture and vehicles24 | - | €29k | €21k | €18k | €59k | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €3k | - |
| Current assets29/58 | €68k | €143k | €109k | €88k | €102k | - |
| Amounts receivable within one year40/41 | €58k | €78k | €84k | €82k | €71k | - |
| Trade receivables40 | - | €37k | €38k | €59k | €29k | - |
| Other amounts receivable41 | - | €41k | €46k | €23k | €43k | - |
| Cash at bank and in hand54/58 | €11k | €64k | €25k | €6k | €31k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112k | €174k | €140k | €112k | €166k | - |
| Equity10/15 | €51k | €50k | €53k | €55k | €60k | - |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | - |
| Outside capital11 | - | €19k | €19k | €19k | - | - |
| Share premium1100/10 | - | €19k | €19k | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | - |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | - |
| Profit (loss) carried forward14 | €31k | €30k | €32k | €35k | €40k | - |
| Amounts payable17/49 | €60k | €124k | €87k | €57k | €106k | - |
| Amounts payable after more than one year17 | €9k | €4k | - | - | €37k | - |
| Financial debts170/4 | - | €4k | - | - | €37k | - |
| Amounts payable within one year42/48 | €52k | €120k | €87k | €57k | €69k | - |
| Current portion of amounts payable after more than one year42 | - | €14k | €10k | €2k | €9k | - |
| Trade debts44 | €19k | €92k | €71k | €54k | €54k | - |
| Suppliers440/4 | - | €92k | €71k | €54k | €54k | - |
| Taxes, remuneration and social security45 | - | €14k | €7k | €826 | €6k | - |
| Taxes450/3 | - | - | €7k | €826 | €6k | - |
| Remuneration and social security454/9 | - | €14k | €42 | - | €42 | - |
| Other amounts payable47/48 | - | - | €578 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-1k | €2k | €3k | €5k | - |
| + Depreciation and write-downs630 | €11k | €13k | €14k | €17k | €15k | - |
| Operating cash flow (approximation) | €18k | €12k | €16k | €19k | €20k | - |
| Investment in fixed assets (approximation) | - | €-1k | €-13k | €-10k | - | - |
| Change in cash | - | €54k | €-39k | €-19k | - | - |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
31-03
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €7k ▲570%
Net result €7k, the highest in the series.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Brussel · 2 establishment units since 2006
Ground area
562 m²
Building footprint
188 m²
Volume, LiDAR
1,474 m³
3 parcels, Brussels · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Verdun Construct
since 20062.151.026.567
VERDUN CONSTRUCT
since 20162.252.466.791
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821A0043/00N003 | Brussels | 333 m² | 1 · 101 m² | 10.3 m · 3 fl. |
| 21821C0175/00D002 | Brussels | 170 m² | 1 · 87 m² | 11.2 m · 3 fl. |
| 21821B0393/00H002 | Brussels | 59 m² | - | - |
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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesVERDUN CONSTRUCT SRL45243
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Of 7,289 companies in sector 43350 we hold annual accounts for 2,362. 2,002 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
Founded04-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43990Other specialised construction activities
43211General electrical installation work
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.