VERHEGGE
ActiveVERHEGGE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.97M and a net result of €140k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 1190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-14
Solvency100▲+5
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.78 in 2024), and 29.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
70.7%
Return on assets
5%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
42 d early
2022
38 d early
2021
9 d early
2020
16 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.97M▲ 7.8%
2024 · €1.83M
2018: €1.26M
2019: €1.34M
2020: €1.38M
2021: €1.49M
2022: €1.57M
2023: €1.66M
2024: €1.83M
2018 → 2025
Total assets
€2.78M▲ 6.3%
2024 · €2.62M
2018: €2.31M
2019: €2.29M
2020: €2.80M
2021: €2.26M
2022: €2.34M
2023: €2.42M
2024: €2.62M
2018 → 2025
Net result
€140k▼ 22.7%
2024 · €181k
2018: €253k
2019: €88k
2020: €53k
2021: €134k
2022: €76k
2023: €108k
2024: €181k
2018 → 2025
Working capital
€429k▲ 28.3%
2024 · €334k
2018: €264k
2019: €563k
2020: €192k
2021: €561k
2022: €776k
2023: €787k
2024: €334k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.49M-€1.57M▲ 4.9%€1.66M▲ 5.9%€1.83M▲ 10.0%€1.97M▲ 7.8%
Operating result€185k-€131k▼ 29.2%€164k▲ 25.8%€248k▲ 51.0%€199k▼ 19.9%
Net result€134k-€76k▼ 43.0%€108k▲ 40.7%€181k▲ 68.3%€140k▼ 22.7%
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 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.78M
Fixed assets
€1.96M▲ 5.7%
Current assets
€825k▲ 7.9%
Equity and liabilities €2.78M
Equity
€1.97M▲ 7.8%
Provisions
€21k▼ 8.4%
Debt
€794k▲ 3.3%
The debt ratio falls from 29.4% to 28.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€668k▲
2024 · €609k
Cash flow
€609k▲
2024 · €542k
Solvency
70.7%▲
2024 · 69.7%
Current ratio
2.08▲
2024 · 1.78
Quick ratio
2.02▲
2024 · 1.71
Debt / equity
0.40▼
2024 · 0.42
ROE
7.1%▼
2024 · 9.9%
ROA
5.0%▼
2024 · 6.9%
Interest coverage
15.85▲
2024 · 14.73
Debt
€794k▲
2024 · €769k
Debt ≤ 1 year
€396k▼
2024 · €431k
Debt > 1 year
€360k▲
2024 · €300k
Income taxes
€27k▲
2024 · €21k
Staff costs
€870k▼
2024 · €908k
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€2.62M€2.78M▲
Fixed assets21/28€1.85M€1.96M▲
Tangible fixed assets22/27€1.85M€1.96M▲
Land and buildings22€620k€672k▲
Plant, machinery and equipment23€1.16M€1.23M▲
Furniture and vehicles24€76k€51k▼
Financial fixed assets28€405€405=
Current assets29/58€765k€825k▲
Stocks and contracts in progress3€31k€23k▼
Stocks30/36€31k€23k▼
Amounts receivable within one year40/41€490k€158k▼
Trade receivables40€407k€101k▼
Other amounts receivable41€84k€57k▼
Cash at bank and in hand54/58€242k€641k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.62M€2.78M▲
Equity10/15€1.83M€1.97M▲
Contributions10/11€370k€370k=
Capital10€370k€370k=
Issued capital100€370k€370k=
Reserves13€1.46M€1.58M▲
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Tax-exempt reserves132€96k€74k▼
Distributable reserves133€1.32M€1.46M▲
Profit (loss) carried forward14€0€0=
Investment grants15-€17k
Provisions and deferred taxes16€23k€21k▼
Deferred taxes168€23k€21k▼
Amounts payable17/49€769k€794k▲
Amounts payable after more than one year17€300k€360k▲
Financial debts170/4€300k€360k▲
Amounts payable within one year42/48€431k€396k▼
Current portion of amounts payable after more than one year42-€18k
Trade debts44€89k€40k▼
Suppliers440/4€89k€40k▼
Taxes, remuneration and social security45€66k€73k▲
Taxes450/3€147€7k▲
Remuneration and social security454/9€66k€66k▲
Other amounts payable47/48€276k€265k▼
Accrued charges and deferred income492/3€39k€39k=
Income statement
Code20242025
Non-recurring operating income76A€51k€0▼
Remuneration, social security and pensions62€908k€870k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€361k€469k▲
Other operating charges640/8€25k€24k▼
Gross operating margin9900€1.54M€1.56M▲
Operating profit (loss)9901€248k€199k▼
Financial income75/76B€8€2k▲
Recurring financial income75€8€2k▲
Financial charges65/66B€41k€42k▲
Recurring financial charges65€41k€42k▲
Profit (loss) for the period before taxes9903€207k€159k▼
Transfer from deferred taxes780€8k€8k▼
Transfer to deferred taxes680€13k€0▼
Income taxes67/77€21k€27k▲
Profit (loss) for the period9904€181k€140k▼
Transfer from tax-exempt reserves789€24k€23k▼
Transfer to tax-exempt reserves689€38k€0▼
Profit (loss) for the period to be appropriated9905€168k€163k▼
Appropriation of the result
Profit (loss) to be appropriated9906€168k€163k▼
Transfer to equity691/2€153k€148k▼
To other reserves6921€153k€148k▼
Profit to be distributed694/7€15k€15k=
Directors or managers695€15k€15k=
Social balance
Average headcount (FTE)908712.511.4▼
The notes to these accounts (14 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €53k ▼39.7%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 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, Zedelgem · 1 establishment unit since 2002
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.
Zeedijkweg 128210 ZedelgemGround area
7,847 m²
Building footprint
1,739 m²
Parcel 31017E0099/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
VERHEGGE NV
since 20022.115.812.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017E0099/00E000 | Flanders | 7,847 m² | 1 · 1,739 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
2023 to 2025 · 3 entries · 1,119 EUR awarded · 1,119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 363 EUR | 363 EUR |
| 2024 | 1 | 317 EUR | 756 EUR |
| 2023 | 1 | 439 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZedelgem2.115.812.005
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Of 4,670 companies in sector 01610 we hold annual accounts for 1,363. 655 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-03-2000
Fiscal year end30-09
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.