VERSANCO
ActiveSummary
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
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- 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
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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
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)
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
Every figure per financial year
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.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 17 | 14 | 12 | 11 |
| full-time | 15 | 14 | 13 | 11 | 10 |
| part-time | 1 | 3 | 1 | 1 | 1 |
| in full-time equivalents | 15.8 | 16.2 | 13.9 | 11.9 | 10.9 |
| Average over the year, in full-time equivalents | 15.7 | 15.2 | 14.3 | 13.4 | 11.2 |
| On a permanent contract | 16 | 17 | 13 | 12 | 11 |
| Joined | 3 | 5 | 7 | 2 | 3 |
| Left | 3 | 4 | 10 | 4 | 4 |
| Training hours | 397 | 863 | 664 | - | 958 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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 | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,110 | €1,110 |
| 2024 | 1 | €0 | €581 |
| 2023 | 1 | €581 | €90 |
| 2022 | 1 | €278 | €188 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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
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.
| 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 | |
| 31-12-2024 | abbreviated format | 22-08-2025 | 2025-00394083 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00417110 | |
| 31-12-2022 | abbreviated format | 23-06-2023 | 2023-00158142 | |
| 31-12-2021 | abbreviated format | 04-07-2022 | 2022-20137004 | |
| 31-12-2020 | abbreviated format | 19-07-2021 | 2021-37300202 | |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-36300449 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59500184 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56500528 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-49700169 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 20-12-2023 Converted to unavailable equity · €275,000
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Delrue Christ |
|
| Johan Delrue |
|
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- DETECO CONSTRUCT Registered office · since 2023 0799532891
- Delrue Energies Registered office · since 2022 0795138890
- WoodEvents Registered office · since 2021 0685579271
- DELRUE GROUP ANZEGEM Registered office · since 2021 0759607889
- DETECO Registered office · since 2020 0745981864
- RONERO Registered office · since 2019 0730620727
- Sanicomfort Team Registered office · since 2017 0675976964
- COK'O Registered office · since 2012 0824113285
- Green Point Supplies Registered office · since 2009 0818080083
- ECOFILLCO Registered office · since 2008 0808021975
Connections & network
13 connected companiesShow 9 more companies with a shared director
Timeline
Acts, filings and financial milestones
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.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
46 activities
- Plaatsing, onderhoud, keuring, afbraak, alle werken alsmede aan- en verkoop in verband met sanitair, verwarming, koeling en ventilatie, elektriciteitswerken
- Projectontwikkeling, bouwpromotor.
- Algemene onderneming van bouwwerken.
- Schrijnwerk van hout, kunststof, metaal of andere materialen.
- Vervaardiging van meubels.
- Plaatsen van metalen constructies.
- Alle lood- en zinkwerk.
- Isolatiewerkzaamheden en voegwerken.
- Loodgieterwerk.
- De installatie van gebouwen en andere bouwwerken van waterleidingen, artikelen en apparaten voor sanitair gebruik, gasaansluitingen, leidingen voor diverse gassen.
- Installatieactiviteiten voor centrale verwarming, klimaatregeling, airco, ventilatie, gas en sanitair.
- Installatie en renovatie van badkamers.
- Vloerafwerking en wandbekleding.
- Het plaatsen van vloerbedekking van hout en andere materialen.
- Het plaatsen van vloer- en wandtegels.
- Tegel-, marmer- en natuursteenactiviteiten.
- Plafoneer-, cementeer- en andere pleisterwerken aan de binnen- en/of buitenzijde van gebouwen en andere bouwwerken.
- Stukadoorswerk en het plaatsen van chapes.
- Schilderwerken en glaszetten.
- Het behangen en stofferen.
- Het aanbrengen van glas en van binnendeuren en scheidingswanden in glas.
- Algemene elektriciteitswerken, met inbegrip van elektromechanica, domotica en elektrische verwarming.
- Het plaatsen van zonnepanelen.
- Zink- en dakwerken;
- Asfaltwerken;
- Plaatsing en keuring van gas-, elektriciteit- en waterleidingen;
- Schoorsteenvegen;
- Overige bouwactiviteiten.
- Het uitvoeren van keuringen.
- Het opmaken en uitvoeren van onderhoudscontracten.
- De aan-en verkoop, in-en uitvoer, huur en verhuur, handelsbemiddeling, commissiehandel en vertegenwoordiging van algemene goederen of specifieke goederen en materialen:
- Roerende goederen;
- Hout- en bouwmaterialen;
- Machines en installaties voor de bouwnijverheid;
- Rollend materieel;
- Sanitaire artikelen;
- Textiel en kleding;
- Elektrische apparaten;
- Verf en vernis.
- De aan-en verkoop, in-en uitvoer, huur en verhuur, handelsbemiddeling, commissiehandel en vertegenwoordiging van om het even welke goederen en materialen.
- 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.
- 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.
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa.
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen.
- 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.
- Beheer van een eigen roerend en onroerend vermogen.
Invoicing and payment
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 NBBRecognitions · licences · registrations
Recognised contractor
4 categories- 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
Dual-learning approval
1 endedEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34002F0926/00N002 | Flanders | 606 m² | - | - |