Equity
-€274,655
Debts exceed assets in financial year 2025.
VERSAILCO
Lifetime
20 annual accounts with figures on one time axispeak €17,374 (2011)
-€2,161▼ €65
lowest -€71,370 (2006)
-€30,247▼ €17
peak -€9,870 (2006)
-€274,655▼ €30,247
€1.1m▲ 3.0%
Board3 names since 2018
1 directorRSV NV
Owners
97.51%V13
Documentsfilings and deeds
05-06-202656 days before the deadline
2025abbreviated format
Loss of €30,247Equity from -€244,408 to -€274,655Cash from €48 to €101
Key points
from the 2025 annual accountsLosses
-€536,214 in 20 years
Every financial year from 2006 to 2025 closed with a loss. 2006 was the heaviest.
Debts
€1.1m 135% of the balance sheet
After one year 13%Within one year 87%
Of this, €912,070 falls due within a year.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 14% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 0.9%▼ -0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025lowest value
07-2025: 1.1%▲ +0.2 percentage points vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -0.5 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 0.9%▼ -0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026lowest value
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.85, cash €101
Negative equity -€274,655
lowers risk
Size: total assets €778,011
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 1% on liquidity, 24% on profitability and 26% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as VERSAILCO has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VERSAILCO itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for VERSAILCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.85 (0.86 in 2024), below 1. Short-term debt is 117.2% and cash 0% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€274,655
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 days early
2024
18 days late
2023
28 days late
2022
28 days late
2021
26 days late
2020
30 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
RN
RSV NV
Director
- V13 97.51%equity €4.4m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879163755
1 director resigning
Change of role: RESIDENTIELE STADSKERN VERDICHTING, from director to sole director · Resignation: SOWALCO (managing director) · Permanent representative: DERVEAUX Filip · General meeting of 29-12-2022 · Gazette deed
First establishment
Hoogstraat 11, Ghent
Incorporation
published on 16-02-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VERSAILCO Ghent | €778,011 | -€2,161 | -35.3% | - |
| ALCASA WONINGBOUW Geraardsbergen | €989,120 | -€57,221 | -82.9% | 2.8 |
| VAN DEN BRANDE Brussels | €764,176 | -€1,851 | -214.9% | - |
| WILAN-INVEST Dilbeek | €670,989 | -€3,802 | 52.7% | - |
| MONFORT.EU Wavre | €922,641 | -€12,017 | -58.2% | 0 |
| MARRES PROVAST Lanaken | €759,944 | -€6,829 | 8.8% | - |
| DELVERMA Anzegem | €897,683 | -€5,777 | 4.4% | - |
These companies have the same main activity as VERSAILCO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €671,000 and €989,000, founded between 2004 and 2008.
Official details
Source: KBO- Status
- Active since 02-02-2006Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.152.435.5429000 Ghent, since 23-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 25-03-2026
Annual accounts 2025
- €778,011▲ 0.1%
- Filing
- Filed on 05-06-2026, 56 days before the end of the filing period
Insights on VERSAILCO
VERSAILCO files the abbreviated format. That format states no turnover. The gross margin rose from -€51,271 in 2006 to -€2,161 in 2025.
V13 holds 97.51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VERSAILCO
- What is the company number of VERSAILCO?
- The company number of VERSAILCO is 0879.163.755. The VAT number is the same number with BE in front: BE 0879.163.755.
- Where is VERSAILCO based?
- The registered office is at Hoogstraat 11, 9000 Ghent.Company details
- What does VERSAILCO do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of VERSAILCO?
- VERSAILCO is a public limited company (NV).
- When was VERSAILCO founded?
- VERSAILCO was founded on 02-02-2006.
- Is VERSAILCO still active?
- Yes, VERSAILCO is an active enterprise in the KBO register.
- What is the turnover of VERSAILCO?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is VERSAILCO profitable?
- In financial year 2025, VERSAILCO made a loss of €30,247.
- Where can I find the annual accounts of VERSAILCO?
- VERSAILCO filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VERSAILCO due?
- VERSAILCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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