VERNACO IMMO
ActiveVERNACO IMMO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €46k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 2162 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+1
Solvency32=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.08 in 2024; short-term debt: 93.3% and cash: 7.3% of total assets), and 93.3% 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
6.7%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2162 sector peers (2025).
NBB · sector comparisonPosition among 2162 sector peers
Solvency
better than 16%
← weakest
strongest →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
58 d early
2023
41 d late
2022
8 d early
2021
40 d early
2020
18 d early
2019
28 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€113k▲ 67.7%
2024 · €68k
2018: €40k
2019: €37k
2020: €42k
2021: €42k
2022: €44k
2023: €44k
2024: €68k
2018 → 2025
Total assets
€1.69M▲ 74.4%
2024 · €969k
2018: €812k
2019: €837k
2020: €510k
2021: €46k
2022: €467k
2023: €1.28M
2024: €969k
2018 → 2025
Net result
€46k▲ 97.6%
2024 · €23k
2018: €540k
2019: €402k
2020: €456k
2021: €40
2022: €1k
2023: €785
2024: €23k
2018 → 2025
Working capital
€113k▲ 67.7%
2024 · €68k
2018: €40k
2019: €37k
2020: €42k
2021: €42k
2022: €44k
2023: €44k
2024: €68k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€44k▲ 3.2%€44k▲ 1.8%€68k▲ 52.1%€113k▲ 67.7%
Operating result€-15-€2k€-1k€31k€60k▲ 95.4%
Net result€40-€1k▲ 3,277%€785▼ 42.1%€23k▲ 2,850%€46k▲ 97.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 95% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.69M
Equity
€113k▲ 67.7%
Debt
€1.58M▲ 74.9%
The debt ratio rises from 93.0% to 93.3%. Equity and debt are higher.
Key figures and ratios
Solvency
6.7%▼
2024 · 7.0%
Current ratio
1.07▼
2024 · 1.08
Quick ratio
0.08▼
2024 · 0.25
Debt / equity
13.90▲
2024 · 13.33
ROE
40.4%▲
2024 · 34.2%
ROA
2.7%▲
2024 · 2.4%
Debt
€1.58M▲
2024 · €901k
Debt ≤ 1 year
€1.58M▲
2024 · €901k
Income taxes
€15k▲
2024 · €8k
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€969k€1.69M▲
Current assets29/58€969k€1.69M▲
Stocks and contracts in progress3€745k€1.57M▲
Contracts in progress37€745k€1.57M▲
Amounts receivable within one year40/41€179k€542▼
Trade receivables40€550-
Other amounts receivable41€178k€542▼
Cash at bank and in hand54/58€45k€123k▲
Equity and liabilities
Total equity and liabilities10/49€969k€1.69M▲
Equity10/15€68k€113k▲
Contributions10/11€30k€30k=
Reserves13€38k€83k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€35k€80k▲
Amounts payable17/49€901k€1.58M▲
Amounts payable within one year42/48€901k€1.58M▲
Trade debts44€526€38k▲
Suppliers440/4€526€38k▲
Taxes, remuneration and social security45€450€50k▲
Taxes450/3€450€50k▲
Other amounts payable47/48€900k€1.49M▲
Income statement
Code20242025
Other operating charges640/8€599€1k▲
Gross operating margin9900€31k€62k▲
Operating profit (loss)9901€31k€60k▲
Financial income75/76B€305€742▲
Recurring financial income75€305€742▲
Financial charges65/66B€13-
Recurring financial charges65€13-
Profit (loss) for the period before taxes9903€31k€61k▲
Income taxes67/77€8k€15k▲
Profit (loss) for the period9904€23k€46k▲
Profit (loss) for the period to be appropriated9905€23k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€46k▲
Transfer to equity691/2€23k€46k▲
To other reserves6921€23k€46k▲
The notes to these accounts (1 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100kEq €113k ▲67.7%
8 profitable years in a row build equity to €113k.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €40 ▼100%
Net result drops to €40, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 12current ratio 13.47
Current ratio from 1.09 to 13.47; short-term debt falls from €468k to €3k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
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
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 2016
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 IMMO
since 20162.253.834.194
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
Cruys Marc Algemene Bouwwerken
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VANDECAETSBEEK J.P.J.
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FEIM CONSTRUCT
BE 0862.595.462
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DONZO
BE 1018.667.472
Merelbeke-Melle · Eq €113k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,026 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-05-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.