Equity
€2.7m ▲ 7.5%
VERSCHAEVE - CONSTRUCT has made a profit without a break since 2018.
VERSCHAEVE - CONSTRUCT
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €3.5m (2024)
€3.2m▼ 9.7%
lowest -€131,521 (2017)
€189,488▼ 57.0%
peak €2.7m (2025)
€2.7m▲ 7.5%
€1.3m▼ 3.7%
peak 34.9 FTE (2024)
34.1 FTE▼ 2.3%
Board6 names since 2020
3 directorsEDHAMIWO and 2 others
Owners
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €441,094 to €189,488Cash from €235,558 to €367,367
Key points
from the 2025 annual accountsResult
€189,488 ▼ 57.0%
The result fell in 2025: different schema filed.
Turnover
≈ €8.9m estimated
The accounts state no turnover.
Staff
35 employees on 31-12-2025
In 2025, 5 people joined and 6 left.
Filings
49 annual accounts since 1977
Four of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
Position in the sector
€2.7m
More equity than 83% of companies in specialised construction. Sector median €459,115 · 2,466 companies.
Checked score
94
Excellent
Financially stronger than 66% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: 34.1 FTE, total assets €4.0m
Founded in 1977
Equity €2.7m (67.4% of total assets)
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 85% of them on solvency, 67% on liquidity, 56% on profitability and 56% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 14,766 companies had the same profile as VERSCHAEVE - CONSTRUCT has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VERSCHAEVE - CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 VERSCHAEVE - CONSTRUCT. 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
Credit of up to €250,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.28 (2.28 in 2024), above the usual 1.5. Short-term debt is 21.9% and cash 9.2% of total assets. 32.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
6 days early
2023
12 days early
2022
20 days early
2021
48 days early
2020
1 day early
2019
21 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 5 days before 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 20 July (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- B & S VERSCHAEVE INVESTMENTS BVBA consolidatesannual accounts 2013
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0417149290
New managing director and chair of the board
EDHAMIWO appointed, Jan VERSCHAEVE resigned · Permanent representative: Jan VERSCHAEVE · General meeting of 01-07-2023 · Gazette deed
Capital decrease of €572,421.36 to €62,578.64
Capital from €635,000 to €62,578.64 · Resignation: VERBAR (director) · Permanent representative: Daniël VERSCHAEVE · General meeting of 07-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VERSCHAEVE - CONSTRUCT Menen | €4.0m | €3.2m | 67.4% | 34.1 |
| KRIJNEN Malle | €4.2m | €3.3m | 20.7% | 34.4 |
| L.A. RAMEN JEAN LANSSENS Dentergem | €4.6m | €2.3m | 50.5% | 31 |
| SEGAERT AFSLUITINGEN Kortemark | €3.8m | €2.7m | 64.9% | 26.8 |
| AFKOR Kortrijk | €3.1m | €2.5m | 28.0% | 31.6 |
| DE LAERE DECOR Wevelgem | €5.4m | €3.0m | 50.9% | 32.8 |
| VANDENBROUCKE WINDOW SOLUTIONS Wevelgem | €3.6m | €4.8m | 31.8% | 30.5 |
These companies have the same main activity as VERSCHAEVE - CONSTRUCT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €3.1m and €5.4m, founded between 1968 and 1986.
Official details
Source: KBO- Status
- Active since 29-03-1977Normal situation
- Activity
- Joinery installationNACE 43320and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment units
- 2.038.083.7278560 Wevelgem, since 16-10-2001
- 2.038.083.8268930 Menen, since 16-10-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Insights on VERSCHAEVE - CONSTRUCT
VERSCHAEVE - CONSTRUCT has existed since 1977. The gross margin grew from €1.7m in 2006 to €3.2m in 2025 and staff from 24.7 to 34.1 full-time equivalents.
In September 2023, the Official Gazette published the appointment of EDHAMIWO as managing director.
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 VERSCHAEVE - CONSTRUCT
- What is the company number of VERSCHAEVE - CONSTRUCT?
- The company number of VERSCHAEVE - CONSTRUCT is 0417.149.290. The VAT number is the same number with BE in front: BE 0417.149.290.
- Where is VERSCHAEVE - CONSTRUCT based?
- The registered office is at Schonekeerstraat 115, 8930 Menen.Company details
- What does VERSCHAEVE - CONSTRUCT do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of VERSCHAEVE - CONSTRUCT?
- VERSCHAEVE - CONSTRUCT is a public limited company (NV).
- When was VERSCHAEVE - CONSTRUCT founded?
- VERSCHAEVE - CONSTRUCT was founded on 29-03-1977.
- Is VERSCHAEVE - CONSTRUCT still active?
- Yes, VERSCHAEVE - CONSTRUCT is an active enterprise in the KBO register.
- How many employees does VERSCHAEVE - CONSTRUCT have?
- VERSCHAEVE - CONSTRUCT had an average of 34.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VERSCHAEVE - CONSTRUCT fall under?
- In its 2023 annual accounts, VERSCHAEVE - CONSTRUCT states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VERSCHAEVE - CONSTRUCT?
- The turnover in financial year 2025 is ≈ €8.9m. This figure is estimated from the gross margin of €3.2m and 67 comparable companies (NACE 43). It probably lies between €6.8m and €12.0m.
- Is VERSCHAEVE - CONSTRUCT profitable?
- In financial year 2025, VERSCHAEVE - CONSTRUCT made a profit of €189,488.
- Where can I find the annual accounts of VERSCHAEVE - CONSTRUCT?
- VERSCHAEVE - CONSTRUCT filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VERSCHAEVE - CONSTRUCT due?
- VERSCHAEVE - CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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