VERHODEKOR
ActiveVERHODEKOR has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.01M and a net result of €108k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 71% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency87▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 3.35 in 2024; short-term debt: 32.1% and cash: 4% of total assets), and 38% 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 · 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%
Return on assets
2.2%
Age of the figures
12 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 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
15 d early
2023
on the day
2022
5 d late
2021
12 d late
2020
on the day
2019
31 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
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.01M▲ 3.7%
2024 · €2.90M
2018: €1.31M
2019: €1.58M
2020: €1.67M
2021: €1.94M
2022: €2.41M
2023: €2.81M
2024: €2.90M
2018 → 2025
Total assets
€4.85M▲ 15.3%
2024 · €4.21M
2018: €2.35M
2019: €2.81M
2020: €3.13M
2021: €4.21M
2022: €4.20M
2023: €3.79M
2024: €4.21M
2018 → 2025
Net result
€108k▲ 15.3%
2024 · €94k
2018: €259k
2019: €269k
2020: €91k
2021: €266k
2022: €477k
2023: €392k
2024: €94k
2018 → 2025
Working capital
€2.19M▲ 1.9%
2024 · €2.15M
2018: €1.51M
2019: €1.38M
2020: €1.52M
2021: €1.60M
2022: €1.96M
2023: €2.17M
2024: €2.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.94M-€2.41M▲ 24.6%€2.81M▲ 16.2%€2.90M▲ 3.3%€3.01M▲ 3.7%
Operating result€413k-€141k▼ 65.8%€594k▲ 321%€146k▼ 75.4%€187k▲ 27.9%
Net result€266k-€477k▲ 79.5%€392k▼ 17.8%€94k▼ 76.1%€108k▲ 15.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.85M
Fixed assets
€1.11M▼ 3.7%
Current assets
€3.75M▲ 22.4%
Equity and liabilities €4.85M
Equity
€3.01M▲ 3.7%
Debt
€1.85M▲ 40.8%
The debt ratio rises from 31.1% to 38.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€234k▲
2024 · €181k
Cash flow
€155k▲
2024 · €128k
Solvency
62.0%▼
2024 · 68.9%
Current ratio
2.40▼
2024 · 3.35
Quick ratio
1.90▼
2024 · 3.14
Debt / equity
0.61▲
2024 · 0.45
ROE
3.6%▲
2024 · 3.2%
ROA
2.2%=
2024 · 2.2%
Interest coverage
6.17▼
2024 · 8.07
Debt
€1.85M▲
2024 · €1.31M
Debt ≤ 1 year
€1.56M▲
2024 · €914k
Debt > 1 year
€288k▼
2024 · €398k
Income taxes
€44k▼
2024 · €55k
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€4.21M€4.85M▲
Fixed assets21/28€1.15M€1.11M▼
Tangible fixed assets22/27€774k€732k▼
Land and buildings22€664k€643k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€9k€10k▲
Leasing and similar rights25€99k€78k▼
Financial fixed assets28€375k€375k=
Current assets29/58€3.06M€3.75M▲
Stocks and contracts in progress3€191k€793k▲
Stocks30/36€191k€793k▲
Amounts receivable within one year40/41€2.83M€2.75M▼
Trade receivables40€1.13M€1.08M▼
Other amounts receivable41€1.70M€1.67M▼
Cash at bank and in hand54/58€39k€193k▲
Deferred charges and accrued income490/1€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€4.21M€4.85M▲
Equity10/15€2.90M€3.01M▲
Contributions10/11€19k€19k=
Reserves13€2.88M€2.99M▲
Tax-exempt reserves132€66k€129k▲
Distributable reserves133€2.81M€2.86M▲
Amounts payable17/49€1.31M€1.85M▲
Amounts payable after more than one year17€398k€288k▼
Financial debts170/4€398k€288k▼
Amounts payable within one year42/48€914k€1.56M▲
Current portion of amounts payable after more than one year42€108k€106k▼
Financial debts43€264k€595k▲
Credit institutions430/8€264k€595k▲
Trade debts44€12k€118k▲
Suppliers440/4€12k€118k▲
Taxes, remuneration and social security45€71k€5k▼
Taxes450/3€71k€5k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€459k€734k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€47k▲
Other operating charges640/8€24k€10k▼
Gross operating margin9900€205k€245k▲
Operating profit (loss)9901€146k€187k▲
Financial income75/76B€25k€3k▼
Recurring financial income75€25k€3k▼
Financial charges65/66B€22k€38k▲
Recurring financial charges65€22k€38k▲
Profit (loss) for the period before taxes9903€149k€152k▲
Income taxes67/77€55k€44k▼
Profit (loss) for the period9904€94k€108k▲
Transfer to tax-exempt reserves689€63k€0▼
Profit (loss) for the period to be appropriated9905€30k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€108k▲
Transfer to equity691/2€30k€108k▲
To other reserves6921€30k€108k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 5 days late
2022
30-09
Financial
Highest result since 2018net €477k ▲79.5%
Net result €477k, the highest in the series.
30-09
Financial
Equity above €2MEq €2.41M ▲24.6%
5 profitable years in a row build equity to €2.41M.
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €91k ▼66%
Net result drops to €91k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ardooie · 1 establishment unit since 1996
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.
Diksmuidse Boterweg 4B8851 ArdooieGround area
1,092 m²
Building footprint
425 m²
Volume, LiDAR
2,213 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Diksmuidse Boterweg 4 B, 8851 Ardooie
since 19962.077.047.340
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005B0065/00W000 | Flanders | 985 m² | 1 · 326 m² | 9.1 m · 2 fl. |
| 37005B0065/00X000 | Flanders | 107 m² | 1 · 99 m² | 9.1 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.
Recognitions · licences · registrations
Dual-learning approval
5 endedSimilar companies · same sector, comparable size
Algemene Industriele Schilderwerken
BE 0419.825.896
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FDK
BE 0420.530.929
Brugge · Eq €3.05M
EGALO
BE 0400.276.339
Lebbeke · Eq €2.82M
REI Group
BE 0555.933.130
Dendermonde · Eq €3.22M
OVS DECORATIE
BE 0767.643.746
Knokke-Heist · Eq €2.72M
Of 7,864 companies in sector 43341 we hold annual accounts for 2,664. 347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-03-1996
Fiscal year end30-09
Activities, NACEBEL
43341Painting of buildings
45441
47521Retail sale of hardware, building materials, paint and glass (general range)
47530Retail trade
47783Retail trade
47784Retail trade
47789Other retail sale of new goods
52461
52486
52488
52498
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.