VERELST WALLONIE

Active

Public limited companyfounded 200620 yrs activeBld Emile-de-Laveleye 191, 4020 Liège, BelgiumKBO/BCE: BE 0880.915.495

VERELST WALLONIE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €-91k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 1303 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Watch Print / PDF

Checked score

Score 2024

32 / 100

Weak▼ -28 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency14=

Growth35▼-17

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days only on tighter terms

Liquidity tight (current ratio 1.04 against 1.03 in 2023), and 96.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

3.4%

Return on assets

-13.2%

Age of the figures

20 mo

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

Lower-risk legal form

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

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1303 sector peers (2024).

NBB · sector comparison

Position among 1303 sector peers

Solvency

better than 12%

← weakest strongest →

A punctual record breaks

This company filed 5 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

49 d late

2023

14 d early

2022

27 d early

2021

33 d early

2020

29 d early

2019

18 d early

← before the deadline after the 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

Financials · fiscal year 2024, full schema

Turnover

€1.79M▼ 68.0%

2019 · €5.58M

2018: €6.29M 2019: €5.58M

2018 → 2020

EBIT margin

-11.5%▼ 11.6pp

2019 · 0.1%

2018: -0.1% 2019: 0.1%

2018 → 2020

Net result

€-91k

2023 · €48k

2018: €-9k 2019: €7k 2020: €-207k 2021: €-74k 2022: €451k 2023: €48k

2018 → 2024

Working capital

€24k▼ 79.3%

2023 · €115k

2018: €-106k 2019: €-99k 2020: €-305k 2021: €-383k 2022: €67k 2023: €115k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€1.79M-

Equity€-310k-€-384k▼ 23.9%€67k€115k▲ 71.3%€24k▼ 79.4%

Operating result€-205k-€-72k▲ 64.8%€453k€63k▼ 86.0%€-120k

Net result€-207k-€-74k▲ 64.1%€451k€48k▼ 89.4%€-91k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €120k after €63k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €689k

96.6%

Equity €24k▼ 79.4%

Debt €666k▼ 82.0%

The debt ratio falls from 97.0% to 96.6%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

Solvency

3.4%▲

2023 · 3.0%

Current ratio

1.04▲

2023 · 1.03

Quick ratio

0.90▼

2023 · 1.03

Debt / equity

28.03▼

2023 · 32.18

ROE

-384.3%▼

2023 · 41.6%

ROA

-13.2%▼

2023 · 1.3%

Debt

€666k▼

2023 · €3.70M

Debt ≤ 1 year

€666k▼

2023 · €3.70M

Income taxes

€-30k▼

2023 · €21k

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

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.82M€689k▼

Current assets29/58€3.82M€689k▼

Stocks and contracts in progress3-€91k

Contracts in progress37-€91k

Amounts receivable within one year40/41€3.81M€595k▼

Trade receivables40€1.11M€510k▼

Other amounts receivable41€2.70M€85k▼

Cash at bank and in hand54/58€1k€3k▲

Deferred charges and accrued income490/1€5k€561▼

Equity and liabilities

Total equity and liabilities10/49€3.82M€689k▼

Equity10/15€115k€24k▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€53k€3k▼

Non-distributable reserves130/1€3k€3k=

Legal reserve130€3k€3k=

Distributable reserves133€50k-

Profit (loss) carried forward14€505€-41k▼

Amounts payable17/49€3.70M€666k▼

Amounts payable within one year42/48€3.70M€666k▼

Trade debts44€3.16M€661k▼

Suppliers440/4€3.16M€661k▼

Advances received on contracts in progress46€542k€5k▼

Accrued charges and deferred income492/3€39€39=

Income statement Code20232024

Other operating charges640/8€965€25k▲

Gross operating margin9900€64k€-95k▼

Operating profit (loss)9901€63k€-120k▼

Financial income75/76B€10k€3k▼

Recurring financial income75€10k€3k▼

Financial charges65/66B€4k€5k▲

Recurring financial charges65€4k€5k▲

Profit (loss) for the period before taxes9903€69k€-122k▼

Income taxes67/77€21k€-30k▼

Profit (loss) for the period9904€48k€-91k▼

Profit (loss) for the period to be appropriated9905€48k€-91k▼

Appropriation of the result

Profit (loss) to be appropriated9906€49k€-91k▼

Profit (loss) brought forward from the previous period14P€647€505▼

Transfer from equity791/2-€50k

Transfer to equity691/2€48k-

To the legal reserve6920€2k-

To other reserves6921€46k-

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

18-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 49 days late

2024

17-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €100kEq €115k ▲71.3%

2 profitable years in a row build equity to €115k.

04-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €451k

Net result €451k after 2 loss-making years.

31-12

Financial Liquidity triplescurrent ratio 1.01

Current ratio from 0.35 to 1.01.

28-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

02-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Weakest financial yearnet €-207k ▼3096%

Net result drops to €-207k, the lowest in the series; recovery starts the following year.

13-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Back to profitnet €7k

Net result €7k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

22-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 22 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

2016

06-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

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

Directors · office · real estate

Directors

12 directors, no change since 2023

ERNST & YOUNG BEDRIJFSREVISOREN BV

Auditor · since 24-08-2022 · Legal entity

Current

Jo VERTONGEN

Director · since 08-04-2021

Current

Kurt GEENS

Director · since 08-04-2021

Current

RC CONSTRUCT

Administrateur unique · since 08-03-2019

Current

Daniel Wuyts

Auditor · since 18-09-2019

Not recently confirmed

ERNST & YOUNG BEDRIJFSREVISOREN B.V. C.V.B.A.

Commissary · since 08-03-2019

Not recently confirmed

+ 2 not shown in this overview

11-10-2023 RC CONSTRUCT: Appointed as Administrateur unique

11-10-2023 QUATOR CORONATI GEENS: Resigned as Director

11-10-2023 VERBOCON: Resigned as Director

24-08-2022 ERNST & YOUNG BEDRIJFSREVISOREN BV: Appointed as Auditor

08-04-2021 Jo VERTONGEN: Appointed as Director

08-04-2021 Jo VERTONGEN: Appointed as Managing director

08-04-2021 Kurt GEENS: Appointed as Director

08-04-2021 Kurt GEENS: Appointed as Managing director

18-09-2019 Daniel Wuyts: Appointed as Auditor

18-09-2019 Marc Guns: Resigned as Auditor

08-03-2019 RC CONSTRUCT: Appointed as Administrator

08-03-2019 ERNST & YOUNG BEDRIJFSREVISOREN B.V. C.V.B.A.: Appointed as Commissary

26-06-2017 YELLOW STONE S.P.R.L.: Resigned as Director

04-09-2015 ERNST & YOUNG BEDRIJFSREVISOREN C.V.B.A.: Appointed as Auditor

28-07-2009 Eddy VAN ARWEGEN: Appointed as Gérant

Location & real-estate footprint

Registered office, Liège · 1 establishment unit since 2006

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Bld Emile-de-Laveleye 1914020 Liège

1 establishment unit

VERELST ABMT WALLONIE

Bld Emile-de-Laveleye 191, 4020 LiègeNACE 4521301

since 20062.154.914.980

Similar companies · same sector, comparable size

Sint-Pieters-Leeuw · Eq €23k

DP CONSTRUCT

BE 0896.569.614

Farciennes · Eq €23k

Of 2,430 companies in sector 41003 we hold annual accounts for 1,044. 628 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded25-04-2006

Fiscal year end31-12

Activities, NACEBEL

41003General construction of other non-residential buildings

45211

41001General construction of residential buildings

45212

45213

Sources

Crossroads Bank for EnterprisesNational Bank · 18 filings

Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.