Verkindere
ActiveVerkindere has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €886k and a net result of €1.02M. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 3620 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency67=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.43 in 2024; short-term debt: 57.7% and cash: 14.1% of total assets), and 57.8% 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+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 56
Relative position
BE, all sectors
reference
Sector 56
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
42.2%
Return on assets
48.8%
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
86 d early
2023
22 d early
2022
18 d early
2021
24 d early
2020
71 d early
2019
39 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€886k▼ 22.9%
2024 · €1.15M
2018: €1.20M
2019: €1.63M
2020: €1.40M
2021: €1.72M
2022: €1.70M
2023: €1.36M
2024: €1.15M
2018 → 2025
Total assets
€2.10M▼ 24.0%
2024 · €2.76M
2018: €1.61M
2019: €2.04M
2020: €1.53M
2021: €1.85M
2022: €2.61M
2023: €2.80M
2024: €2.76M
2018 → 2025
Net result
€1.02M▼ 1.1%
2024 · €1.04M
2018: €185k
2019: €422k
2020: €-230k
2021: €324k
2022: €713k
2023: €765k
2024: €1.04M
2018 → 2025
Working capital
€449k▼ 35.0%
2024 · €691k
2018: €655k
2019: €1.12M
2020: €929k
2021: €1.34M
2022: €1.27M
2023: €965k
2024: €691k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.72M-€1.70M▼ 1.1%€1.36M▼ 19.8%€1.15M▼ 15.7%€886k▼ 22.9%
Operating result€357k-€795k▲ 122%€821k▲ 3.3%€1.07M▲ 30.3%€1.05M▼ 1.8%
Net result€324k-€713k▲ 120%€765k▲ 7.4%€1.04M▲ 35.4%€1.02M▼ 1.1%
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 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.10M
Fixed assets
€438k▼ 7.9%
Current assets
€1.66M▼ 27.3%
Equity and liabilities €2.10M
Equity
€886k▼ 22.9%
Debt
€1.21M▼ 24.7%
The debt ratio falls from 58.3% to 57.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.17M▼
2024 · €1.19M
Cash flow
€1.15M▼
2024 · €1.15M
Solvency
42.2%▲
2024 · 41.7%
Current ratio
1.37▼
2024 · 1.43
Quick ratio
1.35▼
2024 · 1.41
Debt / equity
1.37▼
2024 · 1.40
ROE
115.6%▲
2024 · 90.1%
ROA
48.8%▲
2024 · 37.5%
Interest coverage
2507.22▲
2024 · 68.24
Debt
€1.21M▼
2024 · €1.61M
Debt ≤ 1 year
€1.21M▼
2024 · €1.59M
Income taxes
€39k▼
2024 · €54k
Staff costs
€992k▼
2024 · €1.03M
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€2.76M€2.10M▼
Fixed assets21/28€475k€438k▼
Tangible fixed assets22/27€463k€426k▼
Land and buildings22€183k€146k▼
Plant, machinery and equipment23€171k€147k▼
Furniture and vehicles24€109k€133k▲
Financial fixed assets28€12k€12k=
Current assets29/58€2.28M€1.66M▼
Stocks and contracts in progress3€42k€30k▼
Stocks30/36€42k€30k▼
Amounts receivable within one year40/41€1.84M€1.32M▼
Trade receivables40€650k€467k▼
Other amounts receivable41€1.19M€850k▼
Current investments50/53€250k-
Cash at bank and in hand54/58€136k€296k▲
Deferred charges and accrued income490/1€13k€19k▲
Equity and liabilities
Total equity and liabilities10/49€2.76M€2.10M▼
Equity10/15€1.15M€886k▼
Contributions10/11€75k€75k=
Reserves13€1.04M€773k▼
Tax-exempt reserves132€23k€23k=
Distributable reserves133€1.01M€750k▼
Profit (loss) carried forward14€39k€39k▼
Amounts payable17/49€1.61M€1.21M▼
Amounts payable within one year42/48€1.59M€1.21M▼
Trade debts44€236k€171k▼
Suppliers440/4€236k€171k▼
Taxes, remuneration and social security45€81k€73k▼
Taxes450/3€3k€8k▲
Remuneration and social security454/9€77k€64k▼
Other amounts payable47/48€1.28M€968k▼
Accrued charges and deferred income492/3€16k€765▼
Income statement
Code20242025
Non-recurring operating income76A€24k€32k▲
Remuneration, social security and pensions62€1.03M€992k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€116k€124k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€10k
Other operating charges640/8€16k€16k▼
Non-recurring operating charges66A-€311
Gross operating margin9900€2.23M€2.19M▼
Operating profit (loss)9901€1.07M€1.05M▼
Financial income75/76B€38k€13k▼
Recurring financial income75€38k€13k▼
Financial charges65/66B€17k€468▼
Recurring financial charges65€17k€468▼
Profit (loss) for the period before taxes9903€1.09M€1.06M▼
Income taxes67/77€54k€39k▼
Profit (loss) for the period9904€1.04M€1.02M▼
Profit (loss) for the period to be appropriated9905€1.04M€1.02M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.06M€1.06M=
Profit (loss) brought forward from the previous period14P€28k€39k▲
Transfer from equity791/2€400k€338k▼
Transfer to equity691/2€175k€75k▼
To other reserves6921€175k€75k▼
Profit to be distributed694/7€1.25M€1.29M▲
Return on contributions (dividend)694€400k€388k▼
Directors or managers695€850k€900k▲
Social balance
Average headcount (FTE)908721.017.5▼
The notes to these accounts (12 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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.04M ▲35.4%
Operating result €1.07M, net result €1.04M, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €324k
Net result €324k after one loss-making year.
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-230k ▼154%
Net result drops to €-230k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.17
Current ratio from 3.76 to 8.17; short-term debt falls from €406k to €130k.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
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
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, Izegem · 2 establishment units since 1981
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.
Lodewijk de Raetlaan 178870 IzegemGround area
2,375 m²
Building footprint
692 m²
Volume, LiDAR
4,921 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Verkindere
since 19812.019.519.808
Verkindere - Olympos
since 20152.247.155.349
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0115/00B003 | Flanders | 1,947 m² | 1 · 579 m² | 8.4 m · 2 fl. |
| 31027D0193/00Z004 | Flanders | 427 m² | 1 · 113 m² | 7.9 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 2023 · 2 entries · 570 EUR awarded · 570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 296 EUR | 296 EUR |
| 2022 | 1 | 274 EUR | 274 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.019.519.808
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Witlof
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FRIT'HOUSE'L
BE 0894.615.162
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FRIT'CITY
BE 0449.008.743
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ALI
BE 0464.866.461
Middelkerke · Eq €896k
Of 21,911 companies in sector 56112 we hold annual accounts for 9,783. 2,975 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-1981
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56120Mobile food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.