Verhavert
ActiveSummary
Verhavert has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €636,802 and a net result of €16,007. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-7
Solvency83▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.45 in 2023; short-term debt: 17.1% and cash: 4% of total assets), and 41.6% 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○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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
35 d early
2022
14 d early
2021
36 d early
2020
61 d early
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#1 oldest company in Hamme, Real estate sector
Equity
€636,802▲ 2.6%
2023 · €620,795
Total assets
€1.1m▼ 11.9%
2023 · €1.2m
Net result
€16,007▼ 29.3%
2023 · €22,640
Working capital
-€131,633▲ 19.8%
2023 · -€164,152
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€56,746▲ 152%€60,912▲ 7.3%€50,538▼ 17.0%€50,314▼ 0.4%€44,233▼ 12.1%
Net result€38,165above the sector's middle half▲ 1,302%€30,428within the sector's middle half▼ 20.3%€20,417within the sector's middle half▼ 32.9%€22,640within the sector's middle half▲ 10.9%€16,007within the sector's middle half▼ 29.3%
Equity€547,310above the sector's middle half▲ 7.5%€577,738above the sector's middle half▲ 5.6%€598,155above the sector's middle half▲ 3.5%€620,795above the sector's middle half▲ 3.8%€636,802above the sector's middle half▲ 2.6%
Total assets€1.3mabove the sector's middle half▼ 0.7%€1.3mabove the sector's middle half▼ 1.1%€1.3mabove the sector's middle half▼ 2.0%€1.2mabove the sector's middle half▼ 2.0%€1.1mabove the sector's middle half▼ 11.9%
Debt€756,200▼ 5.8%€711,540▼ 5.9%€665,661▼ 6.4%€617,635▼ 7.2%€453,952▼ 26.5%
Working capital-€195,369below the sector's middle half▲ 20.3%-€154,486below the sector's middle half▲ 20.9%-€124,023below the sector's middle half▲ 19.7%-€164,152below the sector's middle half▼ 32.4%-€131,633below the sector's middle half▲ 19.8%
Solvency42.0%within the sector's middle half▲ 3.2pp44.8%within the sector's middle half▲ 2.8pp47.3%within the sector's middle half▲ 2.5pp50.1%within the sector's middle half▲ 2.8pp58.4%within the sector's middle half▲ 8.3pp
Current ratio0.34below the sector's middle half▲ 0.160.48within the sector's middle half▲ 0.140.59within the sector's middle half▲ 0.110.45within the sector's middle half▼ 0.130.29below the sector's middle half▼ 0.16
Return on assets (ROA)2.9%within the sector's middle half▲ 2.7pp2.4%within the sector's middle half▼ 0.6pp1.6%within the sector's middle half▼ 0.7pp1.8%within the sector's middle half▲ 0.2pp1.5%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 12% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.0m ▼ 6.0%
Current assets
€54,690 ▼ 60.0%
Equity and liabilities €1.1m
Equity
€636,802 ▲ 2.6%
Debt
€453,952 ▼ 26.5%
Debt's share of the balance-sheet total falls from 49.9% to 41.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,844▼
2023 · €110,402
Cash flow
€81,618▼
2023 · €82,727
Debt to equity
0.71▼
2023 · 0.99
ROE
2.5%▼
2023 · 3.6%
Interest coverage
5.17▼
2023 · 6.34
Debt ≤ 1 year
€186,323▼
2023 · €300,906
Debt > 1 year
€267,630▼
2023 · €316,728
Income taxes
€7,628▼
2023 · €11,282
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 14,733 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,847 | €58,061 | €58,178 | €60,087 | €65,612 | ▲ 9.2% |
| Other operating charges640/8 | - | €5,498 | €5,855 | €6,298 | €6,469 | ▲ 2.7% |
| Gross operating margin9900 | €119,183 | €124,471 | €114,571 | €116,700 | €116,313 | ▼ 0.3% |
| Operating profit (loss)9901 | €56,746 | €60,912 | €50,538 | €50,314 | €44,233 | ▼ 12.1% |
| Financial income75/76B | - | €23 | - | €1,026 | €636 | ▼ 38.0% |
| Recurring financial income75 | €40 | €23 | - | €1,026 | €636 | ▼ 38.0% |
| Financial charges65/66B | - | €19,013 | €18,204 | €17,418 | €21,234 | ▲ 21.9% |
| Recurring financial charges65 | €18,621 | €19,013 | €18,204 | €17,418 | €21,234 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | €38,165 | €41,922 | €32,334 | €33,922 | €23,634 | ▼ 30.3% |
| Income taxes67/77 | - | €11,494 | €11,917 | €11,282 | €7,628 | ▼ 32.4% |
| Profit (loss) for the period9904 | €38,165 | €30,428 | €20,417 | €22,640 | €16,007 | ▼ 29.3% |
| Profit (loss) for the period to be appropriated9905 | €38,165 | €30,428 | €20,417 | €22,640 | €16,007 | ▼ 29.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 11.9% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 6.0% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 6.0% |
| Land and buildings22 | - | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €1,051 | €809 | €566 | €324 | ▼ 42.8% |
| Furniture and vehicles24 | - | €688 | €615 | €543 | €471 | ▼ 13.3% |
| Current assets29/58 | €102,124 | €144,016 | €176,732 | €136,754 | €54,690 | ▼ 60.0% |
| Amounts receivable within one year40/41 | €12 | €104 | €4,089 | €3,826 | €10,540 | ▲ 175% |
| Trade receivables40 | - | - | - | - | €16 | - |
| Other amounts receivable41 | - | €104 | €4,089 | €3,826 | €10,525 | ▲ 175% |
| Cash at bank and in hand54/58 | €101,728 | €143,518 | €172,208 | €132,793 | €43,797 | ▼ 67.0% |
| Deferred charges and accrued income490/1 | - | €394 | €436 | €135 | €352 | ▲ 162% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 11.9% |
| Equity10/15 | €547,310 | €577,738 | €598,155 | €620,795 | €636,802 | ▲ 2.6% |
| Contributions10/11 | - | €54,537 | €54,537 | €54,537 | €54,537 | = |
| Reserves13 | €492,774 | €523,202 | €543,619 | €566,258 | €582,265 | ▲ 2.8% |
| Non-distributable reserves130/1 | - | €2,279 | €2,279 | €2,279 | €2,279 | = |
| Other1319 | - | €2,279 | €2,279 | €2,279 | €2,279 | = |
| Tax-exempt reserves132 | - | €81,610 | €81,610 | €81,610 | €81,610 | = |
| Distributable reserves133 | - | €439,313 | €459,730 | €482,369 | €498,376 | ▲ 3.3% |
| Amounts payable17/49 | €756,200 | €711,540 | €665,661 | €617,635 | €453,952 | ▼ 26.5% |
| Amounts payable after more than one year17 | €458,682 | €413,038 | €364,905 | €316,728 | €267,630 | ▼ 15.5% |
| Financial debts170/4 | - | €413,038 | €364,905 | €316,728 | €267,630 | ▼ 15.5% |
| Amounts payable within one year42/48 | €297,493 | €298,502 | €300,756 | €300,906 | €186,323 | ▼ 38.1% |
| Current portion of amounts payable after more than one year42 | - | €45,644 | €47,312 | €48,177 | €49,099 | ▲ 1.9% |
| Trade debts44 | €12 | €1,132 | - | €291 | €0 | ▼ 100% |
| Suppliers440/4 | - | €1,132 | - | €291 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €9,845 | €11,562 | €10,557 | €5,132 | ▼ 51.4% |
| Taxes450/3 | - | - | €1,717 | €712 | €5,132 | ▲ 620% |
| Remuneration and social security454/9 | - | €9,845 | €9,845 | €9,845 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €241,881 | €241,881 | €241,881 | €132,092 | ▼ 45.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,165 | €30,428 | €20,417 | €22,640 | €16,007 | ▼ 29.3% |
| + Depreciation and write-downs630 | €57,847 | €58,061 | €58,178 | €60,087 | €65,612 | ▲ 9.2% |
| Operating cash flow (approximation) | €96,012 | €88,489 | €78,595 | €82,727 | €81,618 | ▼ 1.3% |
| Investment in fixed assets (approximation) | - | -€1,936 | €0 | -€74,679 | €0 | ▲ 100% |
| Change in cash | - | €41,790 | €28,689 | -€39,415 | -€88,996 | ▼ 126% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €38,165 ▲1,302%
Net result €38,165, the highest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €2,722
Net result €2,722 after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Hamme (Vl.) · 1 establishment unit since 1970
Ground area
3,869 m²
Building footprint
1,676 m²
Volume, LiDAR
12,401 m³
Parcel 42452C0453/00A000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Zwaarveld 71, 9220 Hamme (Vl.)
since 19702.004.812.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0453/00A000 | Flanders | 3,869 m² | 1 · 1,676 m² | 8.6 m · 2 fl. |
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.
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,361 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
Founded01-09-1970
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0407420289
Also
9925:BE0407420289
Registered
24-01-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.