VERGOTE
ActiveSummary
VERGOTE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €435,093 and a net result of €69,819. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+2
Solvency78▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.91 in 2024; short-term debt: 39.4% and cash: 19.8% of total assets), and 46.9% of the assets are financed with debt.
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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 · 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
53.1%
Return on assets
8.5%
Age of the figures
9 mo
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 26-03-2026, 127 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
127 d early
2024
122 d early
2023
30 d early
2022
75 d early
2021
136 d early
2020
29 d early
2019
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 88 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 March (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€435,093▲ 10.1%
2024 · €395,273
Total assets
€819,759▲ 2.7%
2024 · €798,558
Net result
€69,819▼ 6.8%
2024 · €74,948
Working capital
€342,131▲ 19.6%
2024 · €285,985
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€186,056▲ 115%€95,186▼ 48.8%€119,760▲ 25.8%€152,959▲ 27.7%€133,237▼ 12.9%
Net result€119,454above the sector's middle half▲ 114%€51,061within the sector's middle half▼ 57.3%€48,433within the sector's middle half▼ 5.1%€74,948within the sector's middle half▲ 54.7%€69,819within the sector's middle half▼ 6.8%
Equity€280,830within the sector's middle half▲ 74.0%€316,892within the sector's middle half▲ 12.8%€350,325within the sector's middle half▲ 10.6%€395,273within the sector's middle half▲ 12.8%€435,093within the sector's middle half▲ 10.1%
Total assets€480,717within the sector's middle half▲ 16.8%€881,490within the sector's middle half▲ 83.4%€679,340within the sector's middle half▼ 22.9%€798,558within the sector's middle half▲ 17.5%€819,759within the sector's middle half▲ 2.7%
Debt€199,886▼ 20.1%€564,598▲ 182%€329,015▼ 41.7%€403,285▲ 22.6%€384,666▼ 4.6%
Working capital€250,816within the sector's middle half▲ 90.5%€482,804within the sector's middle half▲ 92.5%€261,565within the sector's middle half▼ 45.8%€285,985within the sector's middle half▲ 9.3%€342,131within the sector's middle half▲ 19.6%
Solvency58.4%within the sector's middle half▲ 19.2pp35.9%within the sector's middle half▼ 22.5pp51.6%within the sector's middle half▲ 15.6pp49.5%within the sector's middle half▼ 2.1pp53.1%within the sector's middle half▲ 3.6pp
Current ratio2.63within the sector's middle half▲ 0.862.54within the sector's middle half▼ 0.091.96within the sector's middle half▼ 0.591.91within the sector's middle half▼ 0.042.06within the sector's middle half▲ 0.14
Return on assets (ROA)24.8%above the sector's middle half▲ 11.3pp5.8%within the sector's middle half▼ 19.1pp7.1%within the sector's middle half▲ 1.3pp9.4%within the sector's middle half▲ 2.3pp8.5%within the sector's middle half▼ 0.9pp
Staff (FTE)10.6above the sector's middle half▲ 24.7%9.9within the sector's middle half▼ 6.6%10.8above the sector's middle half▲ 9.1%10.8above the sector's middle half=12.1above the sector's middle half▲ 12.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819,759
Fixed assets
€154,407 ▼ 22.8%
Current assets
€665,351 ▲ 11.2%
Equity and liabilities €819,759
Equity
€435,093 ▲ 10.1%
Debt
€384,666 ▼ 4.6%
Debt's share of the balance-sheet total falls from 50.5% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€185,310▼
2024 · €194,088
Cash flow
€121,892▲
2024 · €116,077
Quick ratio
1.83▲
2024 · 1.69
Debt to equity
0.88▼
2024 · 1.02
ROE
16.0%▼
2024 · 19.0%
Interest coverage
4.03▲
2024 · 3.68
Debt ≤ 1 year
€323,220▲
2024 · €312,596
Debt > 1 year
€61,446▼
2024 · €90,689
Income taxes
€25,961▼
2024 · €25,989
Staff costs
€831,186▲
2024 · €703,835
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11,676 | €3,152 | €1,945 | ▼ 38.3% |
| Remuneration, social security and pensions62 | - | €602,565 | €636,075 | €703,835 | €831,186 | ▲ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,777 | €32,242 | €27,767 | €41,128 | €52,073 | ▲ 26.6% |
| Other operating charges640/8 | - | €5,783 | €6,251 | €7,492 | €8,336 | ▲ 11.3% |
| Gross operating margin9900 | €831,494 | €735,775 | €789,854 | €905,414 | €1.0m | ▲ 13.2% |
| Operating profit (loss)9901 | €186,056 | €95,186 | €119,760 | €152,959 | €133,237 | ▼ 12.9% |
| Financial income75/76B | - | €178 | €755 | €734 | €8,477 | ▲ 1,055% |
| Recurring financial income75 | €341 | €178 | €755 | €734 | €8,477 | ▲ 1,055% |
| Financial charges65/66B | - | €26,180 | €53,605 | €52,756 | €45,934 | ▼ 12.9% |
| Recurring financial charges65 | €27,074 | €26,180 | €53,605 | €52,756 | €45,934 | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €159,324 | €69,184 | €66,910 | €100,938 | €95,780 | ▼ 5.1% |
| Income taxes67/77 | €39,870 | €18,123 | €18,477 | €25,989 | €25,961 | ▼ 0.1% |
| Profit (loss) for the period9904 | €119,454 | €51,061 | €48,433 | €74,948 | €69,819 | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €119,454 | €51,061 | €48,433 | €74,948 | €69,819 | ▼ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €480,717 | €881,490 | €679,340 | €798,558 | €819,759 | ▲ 2.7% |
| Fixed assets21/28 | €75,730 | €85,504 | €144,337 | €199,978 | €154,407 | ▼ 22.8% |
| Tangible fixed assets22/27 | €69,305 | €70,898 | €125,213 | €180,184 | €138,248 | ▼ 23.3% |
| Plant, machinery and equipment23 | - | €2,032 | €8,501 | €14,492 | €10,677 | ▼ 26.3% |
| Furniture and vehicles24 | - | €30,725 | €58,414 | €44,931 | €39,867 | ▼ 11.3% |
| Leasing and similar rights25 | - | €38,141 | €58,297 | €117,253 | €84,574 | ▼ 27.9% |
| Other tangible fixed assets26 | - | - | - | €3,508 | €3,130 | ▼ 10.8% |
| Financial fixed assets28 | €6,425 | €14,606 | €19,124 | €19,795 | €16,159 | ▼ 18.4% |
| Current assets29/58 | €404,987 | €795,986 | €535,003 | €598,580 | €665,351 | ▲ 11.2% |
| Stocks and contracts in progress3 | €33,081 | €52,990 | €67,957 | €71,673 | €72,628 | ▲ 1.3% |
| Stocks30/36 | - | €52,990 | €67,957 | €71,673 | €72,628 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €289,766 | €398,731 | €384,321 | €354,784 | €406,002 | ▲ 14.4% |
| Trade receivables40 | - | €322,318 | €258,341 | €269,576 | €298,016 | ▲ 10.5% |
| Other amounts receivable41 | - | €76,413 | €125,980 | €85,208 | €107,986 | ▲ 26.7% |
| Cash at bank and in hand54/58 | €67,106 | €330,760 | €71,655 | €150,949 | €162,238 | ▲ 7.5% |
| Deferred charges and accrued income490/1 | - | €13,505 | €11,070 | €21,173 | €24,484 | ▲ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €480,717 | €881,490 | €679,340 | €798,558 | €819,759 | ▲ 2.7% |
| Equity10/15 | €280,830 | €316,892 | €350,325 | €395,273 | €435,093 | ▲ 10.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €262,230 | €298,292 | €331,725 | €376,673 | €416,493 | ▲ 10.6% |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €296,432 | €331,725 | €376,673 | €416,493 | ▲ 10.6% |
| Profit (loss) carried forward14 | €148 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €199,886 | €564,598 | €329,015 | €403,285 | €384,666 | ▼ 4.6% |
| Amounts payable after more than one year17 | €45,715 | €32,716 | €55,577 | €90,689 | €61,446 | ▼ 32.2% |
| Financial debts170/4 | - | €32,716 | €55,577 | €90,689 | €61,446 | ▼ 32.2% |
| Amounts payable within one year42/48 | €154,171 | €313,182 | €273,438 | €312,596 | €323,220 | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | €27,779 | €34,251 | €43,642 | €29,243 | ▼ 33.0% |
| Financial debts43 | - | €841 | €0 | - | - | - |
| Credit institutions430/8 | - | €841 | €0 | - | - | - |
| Trade debts44 | €111,331 | €230,264 | €179,918 | €222,125 | €276,290 | ▲ 24.4% |
| Suppliers440/4 | - | €230,264 | €179,918 | €222,125 | €276,290 | ▲ 24.4% |
| Taxes, remuneration and social security45 | - | €38,668 | €42,268 | €14,256 | €16,038 | ▲ 12.5% |
| Taxes450/3 | - | €15,456 | €11,239 | €3,452 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €23,211 | €31,029 | €10,805 | €16,038 | ▲ 48.4% |
| Other amounts payable47/48 | - | €15,630 | €17,001 | €32,573 | €1,648 | ▼ 94.9% |
| Accrued charges and deferred income492/3 | - | €218,700 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,454 | €51,061 | €48,433 | €74,948 | €69,819 | ▼ 6.8% |
| + Depreciation and write-downs630 | €32,777 | €32,242 | €27,767 | €41,128 | €52,073 | ▲ 26.6% |
| Operating cash flow (approximation) | €152,231 | €83,303 | €76,201 | €116,077 | €121,892 | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | -€42,016 | -€86,601 | -€96,769 | -€6,502 | ▲ 93.3% |
| Change in cash | - | €263,653 | -€259,105 | €79,294 | €11,289 | ▼ 85.8% |
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
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €119,454 ▲114%
Operating result €186,056, net result €119,454, both a record.
31-12
Financial
Equity above €200,000Eq €280,830 ▲74%
4 profitable years in a row build equity to €280,830.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €161,377 ▲52.8%
3 profitable years in a row build equity to €161,377.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €105,608 ▲180%
2 profitable years in a row build equity to €105,608.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2017
Ground area
1,715 m²
Building footprint
770 m²
Volume, LiDAR
1 m³
Parcel 34026B0639/00A000, Flanders · tallest building 0.3 m. Linked by address, not a title deed.
1 establishment unit
VERGOTE
since 20172.269.704.978
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0639/00A000 | Flanders | 1,715 m² | 1 · 770 m² | 0.3 m |
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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,606 EUR awarded · 2,626 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 302 EUR | 302 EUR |
| 2024 | 1 | 2,945 EUR | 1,965 EUR |
| 2023 | 1 | 0 EUR | 359 EUR |
| 2022 | 1 | 359 EUR | 0 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesVERGOTE BV42501
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Of 7,038 companies in this sector we hold annual accounts for 3,479. 2,449 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683843565
Also
9925:BE0683843565
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.