Verhaeghe
ActiveSummary
Verhaeghe has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €155k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-6
Solvency87▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 1.95 in 2024; short-term debt: 37.4% and cash: 33.6% of total assets), and 37.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
62.5%
Return on assets
8.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
7 d early
2023
6 d early
2022
7 d early
2021
22 d late
2020
9 d early
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.14M▲ 10.8%
2024 · €1.03M
2018: €455k
2019: €480k
2020: €515k
2021: €558k
2022: €596k
2023: €805k
2024: €1.03M
2018 → 2025
Total assets
€1.83M▼ 5.3%
2024 · €1.93M
2018: €964k
2019: €1.35M
2020: €1.02M
2021: €1.28M
2022: €1.16M
2023: €1.98M
2024: €1.93M
2018 → 2025
Net result
€155k▼ 36.2%
2024 · €243k
2018: €16k
2019: €69k
2020: €50k
2021: €57k
2022: €54k
2023: €223k
2024: €243k
2018 → 2025
Working capital
€987k▲ 16.6%
2024 · €846k
2018: €404k
2019: €459k
2020: €511k
2021: €557k
2022: €592k
2023: €744k
2024: €846k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€558k-€596k▲ 6.9%€805k▲ 35.0%€1.03M▲ 28.0%€1.14M▲ 10.8%
Operating result€82k-€81k▼ 0.3%€342k▲ 320%€356k▲ 4.0%€252k▼ 29.2%
Net result€57k-€54k▼ 5.3%€223k▲ 315%€243k▲ 9.0%€155k▼ 36.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.83M
Fixed assets
€157k ▼ 16.0%
Current assets
€1.67M ▼ 4.1%
Equity and liabilities €1.83M
Equity
€1.14M ▲ 10.8%
Debt
€685k ▼ 23.7%
Debt's share of the balance-sheet total falls from 46.6% to 37.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€289k▼
2024 · €382k
Cash flow
€192k▼
2024 · €269k
Current ratio
2.45▲
2024 · 1.95
Quick ratio
1.49▲
2024 · 0.60
Debt to equity
0.60▼
2024 · 0.87
ROE
13.6%▼
2024 · 23.6%
ROA
8.5%▼
2024 · 12.6%
Interest coverage
7.57▼
2024 · 8.76
Debt ≤ 1 year
€682k▼
2024 · €895k
Income taxes
€68k▼
2024 · €100k
Staff costs
€59k▲
2024 · €58k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.93M€1.83M▼
Fixed assets21/28€187k€157k▼
Tangible fixed assets22/27€179k€144k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€32k€26k▼
Furniture and vehicles24€82k€61k▼
Other tangible fixed assets26€63k€56k▼
Financial fixed assets28€8k€12k▲
Current assets29/58€1.74M€1.67M▼
Stocks and contracts in progress3€1.20M€652k▼
Stocks30/36€1.20M€652k▼
Amounts receivable within one year40/41€506k€395k▼
Trade receivables40€462k€387k▼
Other amounts receivable41€44k€7k▼
Cash at bank and in hand54/58€22k€614k▲
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.93M€1.83M▼
Equity10/15€1.03M€1.14M▲
Contributions10/11€37k€37k=
Reserves13€993k€1.10M▲
Tax-exempt reserves132€21k€21k=
Distributable reserves133€972k€1.08M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€898k€685k▼
Amounts payable within one year42/48€895k€682k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€40k€13k▼
Suppliers440/4€40k€13k▼
Advances received on contracts in progress46€193k€37k▼
Taxes, remuneration and social security45€44k€51k▲
Taxes450/3€31k€44k▲
Remuneration and social security454/9€14k€8k▼
Other amounts payable47/48€616k€581k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€58k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€37k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€444k€353k▼
Operating profit (loss)9901€356k€252k▼
Financial income75/76B€31k€10k▼
Recurring financial income75€31k€10k▼
Financial charges65/66B€44k€38k▼
Recurring financial charges65€44k€38k▼
Profit (loss) for the period before taxes9903€343k€223k▼
Income taxes67/77€100k€68k▼
Profit (loss) for the period9904€243k€155k▼
Profit (loss) for the period to be appropriated9905€243k€155k▼
Appropriation of the result
Profit (loss) to be appropriated9906€243k€155k▼
Transfer from equity791/2€6k€44k▲
Transfer to equity691/2€231k€155k▼
To other reserves6921€231k€155k▼
Profit to be distributed694/7€18k€44k▲
Return on contributions (dividend)694€6k€44k▲
Directors or managers695€12k€0▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (16 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €243k ▲9%
Operating result €356k, net result €243k, both a record.
31-12
Financial
Equity above €1MEq €1.03M ▲28%
7 profitable years in a row build equity to €1.03M.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €515k ▲7.5%
3 profitable years in a row build equity to €515k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 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, Zonnebeke · 2 establishment units since 1989
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.
Osselstraat 278980 ZonnebekeGround area
3,150 m²
Building footprint
253 m²
Volume, LiDAR
1,350 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Verhaeghe
since 19892.046.252.612
Verhaeghe
since 20152.279.036.675
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019A0305/00G000 | Flanders | 1,618 m² | 1 · 147 m² | 9.2 m · 2 fl. |
| 33019D1163/00N000 | Flanders | 1,532 m² | 1 · 105 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 4 entries · 1,785 EUR awarded · 1,785 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 161 EUR | 161 EUR |
| 2024 | 1 | 68 EUR | 227 EUR |
| 2023 | 1 | 356 EUR | 197 EUR |
| 2022 | 1 | 1,200 EUR | 1,200 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 276 companies in sector 46712 we hold annual accounts for 195. 141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
46712Wholesale trade
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95319Other maintenance and repair of motor vehicles
46720Wholesale of motor vehicle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.