VERFWERK
ActiveVERFWERK has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €28k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+13
Solvency60▼-31
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 3.94 in 2024; short-term debt: 29.2% and cash: 12.5% of total assets), but 65.1% of the assets are financed with debt.
Credit advice 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.9%
Return on assets
17.6%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
59 d early
2023
28 d early
2022
153 d late
2021
265 d late
2020
25 d late
2019
89 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▼ 52.3%
2024 · €118k
2018: €36k
2019: €53k
2020: €53k
2021: €86k
2022: €106k
2023: €129k
2024: €118k
2018 → 2025
Total assets
€161k▼ 10.4%
2024 · €180k
2018: €83k
2019: €109k
2020: €96k
2021: €126k
2022: €133k
2023: €183k
2024: €180k
2018 → 2025
Net result
€28k▲ 109%
2024 · €14k
2018: €25k
2019: €47k
2020: €30k
2021: €70k
2022: €58k
2023: €23k
2024: €14k
2018 → 2025
Working capital
€71k▼ 23.9%
2024 · €93k
2018: €39k
2019: €60k
2020: €59k
2021: €94k
2022: €103k
2023: €106k
2024: €93k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€106k▲ 23.4%€129k▲ 21.3%€118k▼ 8.7%€56k▼ 52.3%
Operating result€69k-€60k▼ 12.8%€25k▼ 58.2%€29k▲ 14.0%€35k▲ 21.7%
Net result€70k-€58k▼ 18.0%€23k▼ 60.7%€14k▼ 40.2%€28k▲ 109%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€43k▼ 21.8%
Current assets
€118k▼ 5.3%
Equity and liabilities €161k
Equity
€56k▼ 52.3%
Debt
€105k▲ 69.4%
The debt ratio rises from 34.4% to 65.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€51k▲
2024 · €43k
Cash flow
€44k▲
2024 · €28k
Solvency
34.9%▼
2024 · 65.6%
Current ratio
2.50▼
2024 · 3.94
Quick ratio
2.36▼
2024 · 3.84
Debt / equity
1.87▲
2024 · 0.53
ROE
50.5%▲
2024 · 11.5%
ROA
17.6%▲
2024 · 7.5%
Interest coverage
17.61▲
2024 · 16.33
Debt
€105k▲
2024 · €62k
Debt ≤ 1 year
€47k▲
2024 · €31k
Debt > 1 year
€58k▲
2024 · €30k
Income taxes
€7k▼
2024 · €17k
Staff costs
€153k▲
2024 · €119k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€180k€161k▼
Fixed assets21/28€56k€43k▼
Tangible fixed assets22/27€56k€43k▼
Plant, machinery and equipment23€31k€22k▼
Furniture and vehicles24€25k€22k▼
Current assets29/58€124k€118k▼
Stocks and contracts in progress3€3k€7k▲
Contracts in progress37€3k€7k▲
Amounts receivable within one year40/41€33k€7k▼
Trade receivables40€687€2k▲
Other amounts receivable41€32k€5k▼
Current investments50/53€51k€82k▲
Cash at bank and in hand54/58€29k€20k▼
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€180k€161k▼
Equity10/15€118k€56k▼
Contributions10/11€12k€12k=
Reserves13€105k€44k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€104k€42k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€62k€105k▲
Amounts payable after more than one year17€30k€58k▲
Financial debts170/4€30k€58k▲
Amounts payable within one year42/48€31k€47k▲
Current portion of amounts payable after more than one year42€13k€19k▲
Financial debts43€11€0▼
Credit institutions430/8€11€0▼
Trade debts44€15k€3k▼
Suppliers440/4€15k€3k▼
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€875▼
Remuneration and social security454/9€179€237▲
Other amounts payable47/48-€24k
Income statement
Code20242025
Remuneration, social security and pensions62€119k€153k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€16k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€164k€205k▲
Operating profit (loss)9901€29k€35k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€31k€36k▲
Income taxes67/77€17k€7k▼
Profit (loss) for the period9904€14k€28k▲
Profit (loss) for the period to be appropriated9905€14k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€28k▲
Transfer from equity791/2€25k€90k▲
Transfer to equity691/2€14k€28k▲
To other reserves6921€14k€28k▲
Profit to be distributed694/7€25k€90k▲
Return on contributions (dividend)694€25k€90k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €14k ▼40.2%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 153 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 265 days late
2022
31-12
Financial
Equity above €100kEq €106k ▲23.4%
5 profitable years in a row build equity to €106k.
2021
31-12
Financial
Highest result since 2018net €70k ▲131%
Operating result €69k, net result €70k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.85
Current ratio from 3.34 to 7.85; short-term debt falls from €25k to €14k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2014
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.
Dudzeelse Steenweg 6028380 BruggeGround area
5,300 m²
Parcel 31007D0361/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
VERFWERK
since 20142.237.544.926
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31007D0361/00F000 | Flanders | 5,300 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2022 to 2025 · 5 entries · 1,992 EUR awarded · 1,903 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 389 EUR | 389 EUR |
| 2024 | 2 | 1,177 EUR | 1,089 EUR |
| 2023 | 1 | 383 EUR | 425 EUR |
| 2022 | 1 | 43 EUR | 0 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryVERFWERK BV39568
Dual-learning approval
3 live approvals · 2 endedDecoratie en schilderwerken duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
Legal Entity Identifier
6994001RQ0BT4OXXQ072
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Of 7,866 companies in sector 43341 we hold annual accounts for 2,664. 2,322 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2014
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43332Laying of wooden floor and wall coverings
43342Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.verfwerk.be