VERNACO ALGEMENE BOUWWERKEN
ActiveSummary
VERNACO ALGEMENE BOUWWERKEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341k and a net result of €5k. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
66
/ 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
Profitability69▲+20
Solvency59▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.46 in 2024; short-term debt: 40.3% and cash: 7.8% of total assets), and 65.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 41
Relative position
BE, all sectors
reference
Sector 41
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
34.5%
Return on assets
0.5%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
20 d early
2023
12 d early
2022
60 d late
2021
3 d early
2020
29 d early
2019
92 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, micro schema
Equity
€341k▲ 1.6%
2024 · €336k
2018: €581k
2019: €634k
2020: €577k
2021: €526k
2022: €437k
2023: €332k
2024: €336k
2018 → 2025
Total assets
€989k▲ 5.6%
2024 · €937k
2018: €713k
2019: €773k
2020: €794k
2021: €742k
2022: €739k
2023: €1.02M
2024: €937k
2018 → 2025
Net result
€5k▲ 33.4%
2024 · €4k
2018: €61k
2019: €8k
2020: €1k
2021: €182
2022: €914
2023: €9k
2024: €4k
2018 → 2025
Working capital
€121k▼ 25.0%
2024 · €161k
2018: €399k
2019: €493k
2020: €534k
2021: €491k
2022: €457k
2023: €131k
2024: €161k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€526k-€437k▼ 16.9%€332k▼ 24.1%€336k▲ 1.2%€341k▲ 1.6%
Operating result€743-€2k▲ 121%€21k▲ 1,156%€10k▼ 49.6%€4k▼ 59.3%
Net result€182-€914▲ 402%€9k▲ 834%€4k▼ 53.7%€5k▲ 33.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €989k
Fixed assets
€470k ▲ 10.7%
Current assets
€519k ▲ 1.4%
Equity and liabilities €989k
Equity
€341k ▲ 1.6%
Debt
€649k ▲ 7.9%
Debt's share of the balance-sheet total rises from 64.2% to 65.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €61k
Cash flow
€33k▼
2024 · €55k
Current ratio
1.30▼
2024 · 1.46
Quick ratio
1.27▼
2024 · 1.33
Debt to equity
1.90▲
2024 · 1.79
ROE
1.5%▲
2024 · 1.2%
ROA
0.5%▲
2024 · 0.4%
Interest coverage
213.51▲
2024 · 3.57
Debt ≤ 1 year
€399k▲
2024 · €351k
Debt > 1 year
€250k=
2024 · €250k
Income taxes
€527▼
2024 · €7k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€937k€989k▲
Fixed assets21/28€425k€470k▲
Tangible fixed assets22/27€425k€470k▲
Land and buildings22€102k€102k=
Plant, machinery and equipment23€232k€210k▼
Furniture and vehicles24€90k€157k▲
Current assets29/58€512k€519k▲
Stocks and contracts in progress3€46k€13k▼
Contracts in progress37€46k€13k▼
Amounts receivable within one year40/41€179k€169k▼
Trade receivables40€65k€64k▼
Other amounts receivable41€113k€106k▼
Current investments50/53€251k€242k▼
Cash at bank and in hand54/58€19k€77k▲
Deferred charges and accrued income490/1€18k€18k=
Equity and liabilities
Total equity and liabilities10/49€937k€989k▲
Equity10/15€336k€341k▲
Contributions10/11€19k€19k=
Reserves13€317k€322k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€315k€320k▲
Amounts payable17/49€601k€649k▲
Amounts payable after more than one year17€250k€250k=
Financial debts170/4€250k€250k=
Amounts payable within one year42/48€351k€399k▲
Trade debts44€33€162▲
Suppliers440/4€33€162▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€2k▼
Other amounts payable47/48€345k€396k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€28k▼
Other operating charges640/8€22k€3k▼
Gross operating margin9900€83k€35k▼
Operating profit (loss)9901€10k€4k▼
Financial income75/76B€18k€2k▼
Recurring financial income75€18k€2k▼
Financial charges65/66B€17k€149▼
Recurring financial charges65€17k€149▼
Profit (loss) for the period before taxes9903€11k€6k▼
Income taxes67/77€7k€527▼
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€5k▲
Transfer to equity691/2€4k€5k▲
To other reserves6921€4k€5k▲
The notes to these accounts (8 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €182 ▼85.5%
Net result drops to €182, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-04
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, Ninove · 1 establishment unit since 2008
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.
Hazeleerstraat(Oke) 569400 NinoveGround area
638 m²
Building footprint
135 m²
Parcel 41049A0564/00K004, Flanders. Linked by address, not a title deed.
1 establishment unit
VERNACO ALGEMENE BOUWWERKEN
since 20082.174.716.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41049A0564/00K004 | Flanders | 638 m² | 1 · 135 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.
Similar companies · same sector, comparable size
LOZIE GEBROEDERS
BE 0457.532.073
Lievegem · Eq €340,885
BLUESTONE SERVICE
BE 0842.668.395
Anderlecht · Eq €340,992
NV Woningbouw
BE 0722.796.092
Balen · Eq €340,726
Consult 2 Build
BE 0694.875.534
Willebroek · Eq €341,166
R&C BUILD
BE 0748.826.340
Asse · Eq €340,589
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 10,588 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 (pre-2019)
Founded24-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.