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VERSANCO

Active
Private limited companyfounded 2005active for 20 yearsKerkstraat 131, 8570 Anzegem, BelgiumKBO/BCE: BE 0877.346.489
Summary

VERSANCO has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €848,464 and a net result of €7,238. Equity has been stable since 2018 (±1.1% per year). Its solvency ranks better than 39% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 18-11-2005 Normal situation
Registered office
24 active companies are registered at this address Source: KBO register, as of 3 November 2026.
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 4 others
Establishment unit
2.150.295.604 8570 Anzegem, since 03-12-2005
Financial year end
31 December
Peppol
Reachable since 12-09-2025

Board and ownership

Board

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€1.0m
▲ 3.3%
Turnover
≈ €2.8m
estimated
Profit
€7,238
Equity
€848,464
▲ 0.9%
Total assets
€2.4m
▼ 1.9%
Employees on 31-12-2025
11
▼ 8.3%
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.23, cash €65,495lowers riskSize: total assets €2.4mShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 30% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 60+1
equity 35.2% of total assets
Liquidity 21=
short-term debt 61.5% · cash 2.7%
Profitability 54-12
return on assets 0.3%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.2 percentage points vs 06-2025 08-2025: 1.3%▲ +0.5 percentage points vs 07-2025 09-2025: 0.7%▼ -0.6 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%▲ +0.1 percentage points vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.9%▲ +0.9 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -1.7 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.23 (1.15 in 2024), below the usual 1.5. Short-term debt is 61.5% and cash 2.7% of total assets. 64.8% of the assets are financed with debt and provisions.
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 43, small). It does better than 46% of them on solvency, 12% on liquidity, 25% on profitability and 35% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €2.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 1.23, cash €65,495
NBB · annual accounts
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
22 days late
2023
29 days late
2022
38 days early
2021
27 days early
2020
12 days early
2019
1 day early
← 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 1 day after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 22 August (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487239.

Annual accounts 2025 filed on 31-08-2026 at the NBB all 20 filings

Turnover
≈ €2.8m
Estimated: probably between €2.2m and €3.4m
Total assets
€2.4m▼ 1.9%
2024 · €2.5m
Net result
€7,238
2024 · -€46,815
Working capital
€335,680▲ 57.0%
2024 · €213,770
Multi-year overview
2018 to 2025, 8 financial years
Operating result
€73,902
2025
20182025
Net result
€7,238
2025
middle half of the sector
20182025
Equity
€848,464
▲ 0.9% 2025
highest quarter of the sector
20182025
Total assets
€2.4m
▼ 1.9% 2025
highest quarter of the sector
20182025
Debt
€1.6m
▼ 3.4% 2025
20182025
Working capital
€335,680
▲ 57.0% 2025
middle half of the sector
20182025
Solvency
35.2%
▲ 1.0pp 2025
middle half of the sector
20182025
Current ratio
1.23
▲ 0.08 2025
middle half of the sector
20182025
Return on assets (ROA)
0.3%
▲ 2.2pp 2025
lowest quarter of the sector
20182025
Staff (FTE)
11.2
▼ 16.4% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.09m-€0.07m▼ 24.1%€0.2m▲ 162%€0.07m▼ 62.0%€0.07m▼ 1.1%€0.09m▲ 29.4%-€0.02m€0.07m
Net result€0.005m--€0.002m€0.07mwithin the sector's middle half€0.002mbelow the sector's middle half▼ 97.0%€0.009mwithin the sector's middle half▲ 304%€0.02mwithin the sector's middle half▲ 131%-€0.05mbelow the sector's middle half€0.007mwithin the sector's middle half
Equity€0.8m-€0.8m▼ 0.3%€0.9mabove the sector's middle half▲ 9.3%€0.9mabove the sector's middle half▲ 0.3%€0.9mabove the sector's middle half▲ 1.0%€0.9mabove the sector's middle half▲ 2.4%€0.8mabove the sector's middle half▼ 5.3%€0.8mabove the sector's middle half▲ 0.9%
Total assets€4.7m-€3.5m▼ 25.9%€3.2mabove the sector's middle half▼ 7.3%€3.1mabove the sector's middle half▼ 4.3%€2.6mabove the sector's middle half▼ 16.2%€2.4mabove the sector's middle half▼ 8.1%€2.5mabove the sector's middle half▲ 3.8%€2.4mabove the sector's middle half▼ 1.9%
Debt€3.9m-€2.7m▼ 31.1%€2.4m▼ 12.2%€2.2m▼ 6.0%€1.7m▼ 22.9%€1.5m▼ 13.4%€1.6m▲ 9.3%€1.6m▼ 3.4%
Working capital-€0.3m--€0.3m▲ 3.0%-€0.04mbelow the sector's middle half▲ 87.3%-€0.04mbelow the sector's middle half▲ 2.0%€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 70.1%€0.2mwithin the sector's middle half▲ 11.4%€0.3mwithin the sector's middle half▲ 57.0%
Solvency16.8%-22.6%▲ 5.8pp26.6%within the sector's middle half▲ 4.1pp27.9%within the sector's middle half▲ 1.3pp33.6%within the sector's middle half▲ 5.7pp37.5%within the sector's middle half▲ 3.8pp34.2%within the sector's middle half▼ 3.3pp35.2%within the sector's middle half▲ 1.0pp
Current ratio0.90-0.86▼ 0.040.98below the sector's middle half▲ 0.120.98below the sector's middle half=1.09below the sector's middle half▲ 0.111.16below the sector's middle half▲ 0.071.15below the sector's middle half▼ 0.011.23within the sector's middle half▲ 0.08
Return on assets (ROA)0.1%--0.1%▼ 0.2pp2.3%within the sector's middle half▲ 2.3pp0.1%below the sector's middle half▼ 2.2pp0.3%below the sector's middle half▲ 0.3pp0.9%below the sector's middle half▲ 0.5pp-1.9%below the sector's middle half▼ 2.8pp0.3%below the sector's middle half▲ 2.2pp
Staff (FTE)18.5-19.1▲ 3.2%16above the sector's middle half▼ 16.2%15.7above the sector's middle half▼ 1.9%16.2above the sector's middle half▲ 3.2%14.3above the sector's middle half▼ 11.7%13.4above the sector's middle half▼ 6.3%11.2above the sector's middle half▼ 16.4%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a profit of €73,902, after a loss of €16,638 in 2024.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets €593,330 ▼ 26.9%
Current assets €1.8m ▲ 10.4%
Equity and liabilities €2.4m
Equity €848,464 ▲ 0.9%
Debt €1.6m ▼ 3.4%
Debt's share of the balance-sheet total falls from 65.8% to 64.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€297,399▲
2024 · €209,105
Cash flow
€230,735▲
2024 · €178,928
Quick ratio
0.84▲
2024 · 0.77
Debt to equity
1.84▼
2024 · 1.93
ROE
0.9%▲
2024 · -5.6%
Interest coverage
4.16▼
2024 · 6.89
Debt ≤ 1 year
€1.5m▲
2024 · €1.4m
Debt > 1 year
€80,546▼
2024 · €184,738
Staff costs
€667,416▼
2024 · €725,704
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date1617141211
full-time1514131110
part-time13111
in full-time equivalents15.816.213.911.910.9
Average over the year, in full-time equivalents15.715.214.313.411.2
On a permanent contract1617131211
Joined35723
Left341044
Training hours397863664-958

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€582,453€376,045---
Pledge on the business€1.0m€1.0m€1.0m€1.0m€1.0m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€2,180€69,513€24,597€48,000€4,632
Depreciation and write-downs of the year€221,052€220,541€223,006€225,743€223,497

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €1,969 awarded · €1,969 paid
Year Entries AwardedPaid
2025 1 €1,110€1,110
2024 1 €0€581
2023 1 €581€90
2022 1 €278€188
Schemes
4 entries · €1,969 · €1,969 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.5m€2.4m▼
Fixed assets21/28€0.8m€0.6m▼
Tangible fixed assets22/27€0.8m€0.6m▼
Land and buildings22€0.8m€0.6m▼
Plant, machinery and equipment23€0.003m€0.007m▲
Current assets29/58€1.6m€1.8m▲
Stocks and contracts in progress3€0.5m€0.6m▲
Stocks30/36€0.5m€0.6m▲
Amounts receivable within one year40/41€1.1m€1.2m▲
Trade receivables40€1.1m€1.2m▲
Other amounts receivable41€33€24▼
Cash at bank and in hand54/58€0.02m€0.07m▲
Deferred charges and accrued income490/1€0.01m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.4m▼
Equity10/15€0.8m€0.8m▲
Contributions10/11€0.3m€0.3m=
Reserves13€0.6m€0.6m▲
Distributable reserves133€0.6m€0.6m▲
Amounts payable17/49€1.6m€1.6m▼
Amounts payable after more than one year17€0.2m€0.08m▼
Financial debts170/4€0.2m€0.08m▼
Amounts payable within one year42/48€1.4m€1.5m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▼
Trade debts44€0.5m€0.7m▲
Suppliers440/4€0.5m€0.7m▲
Taxes, remuneration and social security45€0.04m€0.06m▲
Remuneration and social security454/9€0.04m€0.06m▲
Other amounts payable47/48€0.8m€0.7m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.7m€0.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Other operating charges640/8€0.04m€0.05m▲
Gross operating margin9900€1.0m€1.0m▲
Operating profit (loss)9901-€0.02m€0.07m▲
Financial income75/76B€183€0.005m▲
Recurring financial income75€183€0.005m▲
Financial charges65/66B€0.03m€0.07m▲
Recurring financial charges65€0.03m€0.07m▲
Profit (loss) for the period before taxes9903-€0.05m€0.007m▲
Profit (loss) for the period9904-€0.05m€0.007m▲
Profit (loss) for the period to be appropriated9905-€0.05m€0.007m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.05m€0.007m▲
Transfer from equity791/2€0.05m-
Transfer to equity691/2-€0.007m
To other reserves6921-€0.007m
Social balance sheet
Average headcount (FTE)908713.4-

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€0.8m€0.8m€0.7m€0.7m€0.7m▼ 8.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 1.0%
Other operating charges640/8---€0.05m€0.04m€0.04m€0.04m€0.05m▲ 5.8%
Gross operating margin9900€1.3m€1.3m€1.3m€1.2m€1.1m€1.0m€1.0m€1.0m▲ 3.3%
Operating profit (loss)9901€0.09m€0.07m€0.2m€0.07m€0.07m€0.09m-€0.02m€0.07m-
Financial income75/76B---€0.009m€77€132€183€0.005m▲ 27×
Recurring financial income75€0.002m€426€0.001m€0.009m€77€132€183€0.005m▲ 27×
Financial charges65/66B---€0.07m€0.05m€0.05m€0.03m€0.07m▲ 136%
Recurring financial charges65€0.07m€0.07m€0.07m€0.07m€0.05m€0.05m€0.03m€0.07m▲ 136%
Profit (loss) for the period before taxes9903€0.02m€0.002m€0.1m€0.01m€0.01m€0.03m-€0.05m€0.007m-
Income taxes67/77€0.01m€0.004m€0.03m€0.008m€0.005m€0.01m---
Profit (loss) for the period9904€0.005m-€0.002m€0.07m€0.002m€0.009m€0.02m-€0.05m€0.007m-
Profit (loss) for the period to be appropriated9905€0.005m-€0.002m€0.09m€0.002m€0.009m€0.02m-€0.05m€0.007m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.7m€3.5m€3.2m€3.1m€2.6m€2.4m€2.5m€2.4m▼ 1.9%
Fixed assets21/28€1.9m€1.7m€1.6m€1.3m€1.2m€1.0m€0.8m€0.6m▼ 26.9%
Tangible fixed assets22/27€1.9m€1.7m€1.6m€1.3m€1.2m€1.0m€0.8m€0.6m▼ 26.9%
Land and buildings22---€1.3m€1.2m€1.0m€0.8m€0.6m▼ 27.5%
Plant, machinery and equipment23---€0.004m€0.003m€0.005m€0.003m€0.007m▲ 106%
Current assets29/58€2.8m€1.8m€1.7m€1.7m€1.4m€1.4m€1.6m€1.8m▲ 10.4%
Stocks and contracts in progress3€0.4m€0.3m€0.4m€0.3m€0.4m€0.5m€0.5m€0.6m▲ 6.4%
Stocks30/36---€0.3m€0.4m€0.5m€0.5m€0.6m▲ 6.4%
Amounts receivable within one year40/41€1.9m€1.3m€1.0m€1.3m€0.9m€0.8m€1.1m€1.2m▲ 8.8%
Trade receivables40---€1.3m€0.9m€0.8m€1.1m€1.2m▲ 8.8%
Other amounts receivable41---€0.05m-€177€33€24▼ 26.9%
Current investments50/53€0.09m€0.09m€0.09m------
Cash at bank and in hand54/58€0.2m€0.2m€0.2m€0.08m€0.1m€0.05m€0.02m€0.07m▲ 174%
Deferred charges and accrued income490/1---€0.008m€0.009m€0.009m€0.01m€0.01m▲ 4.2%
Equity and liabilities
Total equity and liabilities10/49€4.7m€3.5m€3.2m€3.1m€2.6m€2.4m€2.5m€2.4m▼ 1.9%
Equity10/15€0.8m€0.8m€0.9m€0.9m€0.9m€0.9m€0.8m€0.8m▲ 0.9%
Contributions10/11€0.3m€0.3m-€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€0.5m€0.5m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m▲ 1.2%
Non-distributable reserves130/1---€0.03m€0.03m----
Reserves not available under the articles1311---€0.03m€0.03m----
Distributable reserves133---€0.6m€0.6m€0.6m€0.6m€0.6m▲ 1.2%
Amounts payable17/49€3.9m€2.7m€2.4m€2.2m€1.7m€1.5m€1.6m€1.6m▼ 3.4%
Amounts payable after more than one year17€0.8m€0.6m€0.7m€0.4m€0.4m€0.3m€0.2m€0.08m▼ 56.4%
Financial debts170/4---€0.4m€0.4m€0.3m€0.2m€0.08m▼ 56.4%
Amounts payable within one year42/48€3.1m€2.1m€1.7m€1.8m€1.3m€1.2m€1.4m€1.5m▲ 3.5%
Current portion of amounts payable after more than one year42---€0.2m€0.3m€0.1m€0.1m€0.1m▼ 8.0%
Trade debts44€0.5m€0.6m€0.5m€0.7m€0.5m€0.4m€0.5m€0.7m▲ 33.7%
Suppliers440/4---€0.7m€0.5m€0.4m€0.5m€0.7m▲ 33.7%
Taxes, remuneration and social security45---€0.08m€0.04m€0.05m€0.04m€0.06m▲ 69.9%
Taxes450/3---€0.04m€0.005m€0.01m---
Remuneration and social security454/9---€0.04m€0.04m€0.04m€0.04m€0.06m▲ 69.9%
Other amounts payable47/48---€0.7m€0.4m€0.6m€0.8m€0.7m▼ 16.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€5,082-€2,323€73,013€2,221€8,977€20,739-€46,815€7,238-
+ Depreciation and write-downs630€224,442€218,423€218,140€221,052€220,541€223,006€225,743€223,497▼ 1.0%
Operating cash flow (approximation)€229,524€216,100€291,154€223,273€229,519€243,746€178,928€230,735▲ 29.0%
Investment in fixed assets (approximation)--€1,020-€119,301-€2,180-€69,513-€24,597-€48,000-€4,632▲ 90.3%
Change in cash-€346€40,066-€112,263€38,761-€66,431-€28,193€41,610-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 14,766 companies had the same profile as VERSANCO has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
96.2% was still going
3.5% stopped otherwise
0.2% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VERSANCO itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for VERSANCO. 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.

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-08-2026 2026-00487239 PDF
31-12-2024 abbreviated format 22-08-2025 2025-00394083 PDF
31-12-2023 abbreviated format 29-08-2024 2024-00417110 PDF
31-12-2022 abbreviated format 23-06-2023 2023-00158142 PDF
31-12-2021 abbreviated format 04-07-2022 2022-20137004 PDF
31-12-2020 abbreviated format 19-07-2021 2021-37300202 PDF
31-12-2019 abbreviated format 30-07-2020 2020-36300449 PDF
31-12-2018 abbreviated format 30-08-2019 2019-59500184 PDF
31-12-2017 abbreviated format 30-08-2018 2018-56500528 PDF
31-12-2016 abbreviated format 28-08-2017 2017-49700169 PDF

Show all 20 filings

Board & ownership

Directors

Directors
2 directors, no change since 2023
Delrue Christ
Statutory director · appointed in the act of 20-12-2023 · also on the board of 3 other companies · listed in the 2025 annual accounts, filed on 31-08-2026
Current
Johan Delrue
Statutory director · appointed in the act of 20-12-2023 · also on the board of 12 other companies · listed in the 2025 annual accounts, filed on 31-08-2026
Current

Owners and capital

Capital transactions

Capital over time
  1. 20-12-2023 Converted to unavailable equity · €275,000

Mandate history

2 people, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Delrue Christ
  • Statutory director, appointed in the act of 20-12-2023, still in office
Johan Delrue
  • Statutory director, appointed in the act of 20-12-2023, still in office
See the board, name and registered office on a given date →

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Voor de duur van de vennootschap,tenzij algemene vergadering anders besluit, telkens belang vereist en minstens eenmaal per…”

Articles of association, deed of 20-12-2023 (in Dutch)

Network & group

Companies at the same address

23 other companies

Connections & network

13 connected companies
Linked via shared directors
ANMUSA
via Johan Delrue · Director
→
COK'O
via Johan Delrue · Director (not named in the articles)
→
Dedeva
via Johan Delrue · Director (not named in the articles)
→
Show 9 more companies with a shared director
DELRUE COMMUNICATIONS
via Johan Delrue and Delrue Christ · Statutory director
→
Delrue Invest
via Johan Delrue · Director (not named in the articles)
→
MUSIC HOTEL
via Johan Delrue · Sole director
→
RONERO
via Johan Delrue · Permanent representative
→
Brouwers Verzet
via Johan Delrue · Director (not named in the articles)
former→

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
31-08
NBB filing Annual accounts 2025 filedNBB
abbreviated format · 31 days late
2025
31-12
Financial Back to profitnet €7,238
The net result is €7,238, after one loss-making year.
22-08
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 22 days late
2024
31-12
Financial Weakest financial yearnet -€46,815
The net result drops to -€46,815, the lowest from 2018 to 2025. It recovers the following year.
29-08
NBB filing Annual accounts 2023 filedPDF
abbreviated format · 29 days late
2023
20-12
Gazette deed Appointments: DELRUE Johan Ghislain Joseph (statutory director) and DELRUE Christ André Michel (statutory director)
Reappointments: DELRUE Johan Ghislain Joseph (statutory director) and DELRUE Christ André Michel (statutory director) · Purpose change · Capital conversion13 points ▸
  • General meeting, 07-12-2023
  • Other provision, “verslag bestuursorgaan over voorstel wijziging voorwerp, artikel 5:101 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
  • Purpose change
  • Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm besloten vennootschap (BV), artikel 39,§1, eerste en derde lid van de wet van 23-03-2019 tot invoering van…” (deed in Dutch)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, onmiddellijk” (deed in Dutch)
  • Amendment of the articles
  • Director appointment, DELRUE Johan Ghislain Joseph (statutory director)
  • Director appointment, DELRUE Christ André Michel (statutory director)
  • Director reappointment, DELRUE Johan Ghislain Joseph (statutory director)
  • Director reappointment, DELRUE Christ André Michel (statutory director)
  • Registered office clause, “8570 Anzegem,Kerkstraat 131, zevende besluit verklaart zeteladres” (deed in Dutch)
  • The act holds 1 more point.

Open the act in the Belgian Official Gazette

23-06
NBB filing Annual accounts 2022 filedPDF
abbreviated format · 38 days before the deadline
2022
04-07
NBB filing Annual accounts 2021 filedPDF
abbreviated format · 27 days before the deadline
2021
19-07
NBB filing Annual accounts 2020 filedPDF
abbreviated format · 12 days before the deadline
2020
31-12
Financial Back to profitnet €73,013
The net result is €73,013, after one loss-making year.
30-07
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 1 day before the deadline
2019
30-08
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 30 days late
Show earlier events
2018
30-08
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 30 days late
2017
28-08
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 28 days late
2005
06-12
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 18 November 2005, VERSANCO was incorporated.1 Today the board has 2 members.2 Total assets went from €4.7m in 2018 to €2.4m in 2025 and headcount from 18.5 to 11.2 full-time equivalents.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name VERSANCO in Dutch
Enterprise number 0877.346.489
Legal form Private limited company
Status Active, normale toestand
Founded 18-11-2005
Entity type Legal entity

Registered office and establishments

Registered office Kerkstraat 131, 8570 Anzegem, Belgium
Establishment unit VERSANCO, Kerkstraat 131, 8570 Anzegem since 03-12-2005 · unit number 2.150.295.604

Activities

NACEBEL 2025
VAT activities
43222 Installation of electric heating, air conditioning, cooling and ventilation main activity
43221 Plumbing work
43230 Insulation installation
43410 Roofing work
95290 Repair and maintenance of other personal and household goods
Social security (RSZ) activities
43221 Plumbing work main activity
Codes under NACEBEL 2008
VAT activities
43222 Specialised construction activities main activity
43221 Plumbing
43291 Specialised construction activities
43910 Specialised construction activities
95290 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Social security (RSZ) activities
43221 Plumbing main activity
Codes under NACEBEL 2003
VAT activities
45331 main activity
45220
45320
45332
52740
Social security (RSZ) activities
45332 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Plaatsing, onderhoud, keuring, afbraak, alle werken alsmede aan- en verkoop in verband met sanitair, verwarming, koeling en ventilatie…”
46 activities
  1. Plaatsing, onderhoud, keuring, afbraak, alle werken alsmede aan- en verkoop in verband met sanitair, verwarming, koeling en ventilatie, elektriciteitswerken
  2. Projectontwikkeling, bouwpromotor.
  3. Algemene onderneming van bouwwerken.
  4. Schrijnwerk van hout, kunststof, metaal of andere materialen.
  5. Vervaardiging van meubels.
  6. Plaatsen van metalen constructies.
  7. Alle lood- en zinkwerk.
  8. Isolatiewerkzaamheden en voegwerken.
  9. Loodgieterwerk.
  10. De installatie van gebouwen en andere bouwwerken van waterleidingen, artikelen en apparaten voor sanitair gebruik, gasaansluitingen, leidingen voor diverse gassen.
  11. Installatieactiviteiten voor centrale verwarming, klimaatregeling, airco, ventilatie, gas en sanitair.
  12. Installatie en renovatie van badkamers.
  13. Vloerafwerking en wandbekleding.
  14. Het plaatsen van vloerbedekking van hout en andere materialen.
  15. Het plaatsen van vloer- en wandtegels.
  16. Tegel-, marmer- en natuursteenactiviteiten.
  17. Plafoneer-, cementeer- en andere pleisterwerken aan de binnen- en/of buitenzijde van gebouwen en andere bouwwerken.
  18. Stukadoorswerk en het plaatsen van chapes.
  19. Schilderwerken en glaszetten.
  20. Het behangen en stofferen.
  21. Het aanbrengen van glas en van binnendeuren en scheidingswanden in glas.
  22. Algemene elektriciteitswerken, met inbegrip van elektromechanica, domotica en elektrische verwarming.
  23. Het plaatsen van zonnepanelen.
  24. Zink- en dakwerken;
  25. Asfaltwerken;
  26. Plaatsing en keuring van gas-, elektriciteit- en waterleidingen;
  27. Schoorsteenvegen;
  28. Overige bouwactiviteiten.
  29. Het uitvoeren van keuringen.
  30. Het opmaken en uitvoeren van onderhoudscontracten.
  31. De aan-en verkoop, in-en uitvoer, huur en verhuur, handelsbemiddeling, commissiehandel en vertegenwoordiging van algemene goederen of specifieke goederen en materialen:
  32. Roerende goederen;
  33. Hout- en bouwmaterialen;
  34. Machines en installaties voor de bouwnijverheid;
  35. Rollend materieel;
  36. Sanitaire artikelen;
  37. Textiel en kleding;
  38. Elektrische apparaten;
  39. Verf en vernis.
  40. De aan-en verkoop, in-en uitvoer, huur en verhuur, handelsbemiddeling, commissiehandel en vertegenwoordiging van om het even welke goederen en materialen.
  41. Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van, en de investering in, rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
  42. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm, in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen. De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
  43. Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa.
  44. Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen.
  45. Het opnemen van mandaten als zaakvoerder, bestuurder en/of vereffenaar, managementactiviteiten van holdings, vertegenwoordigen van bedrijven op grond van bezit of controle over aandelen en andere.
  46. Beheer van een eigen roerend en onroerend vermogen.
deed of 20-12-2023 (in Dutch)

Invoicing and payment

VAT number BE 0877.346.489
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0877346489
Other Peppol ID 9925:BE0877346489
Registered 12-09-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 2 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0877.346.489

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 18:00
deed of 20-12-2023 (in Dutch)

Recognitions · licences · registrations

Recognised contractor

4 categories
VERSANCO BVapproval number 30203
  • D16 Sanitary installations and gas heating with individual appliancesclass 4, up to €1,080,000
  • D17 Central heating, thermal installationsclass 4, up to €1,080,000
  • D18 Ventilation, warm-air heating and air conditioningclass 1, up to €162,000
  • D22 Metal roofing and zinc workclass 1, up to €162,000
decision 07-02-2023

Dual-learning approval

1 ended
Sanitair installateur (so)
ended · 2016 to 2021

Environmental permits

1 application in Flanders since 2021 · 1 granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Granted on 22-12-2021submitted 07-10-2021authority: Anzegemproject 2021153012

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map
24 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
606 m²
Cadastral parcel Region Area Buildings Height / floors
34002F0926/00N002 Flanders 606 m² - -