VERSCHOORE CONSTRUCTIE
ActiveSummary
VERSCHOORE CONSTRUCTIE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.95M and a net result of €1.91M. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 1034 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+7
Solvency89▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €490k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 3.49 in 2024; short-term debt: 33.7% and cash: 20.6% of total assets), and 36.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
63.7%
Return on assets
20.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
14 d early
2023
19 d early
2022
22 d early
2021
17 d early
2020
16 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.95M▲ 6.3%
2024 · €5.60M
2019: €3.14M
2020: €2.83M▼ -9.9% vs 2019lowest in 7 years
2021: €3.41M▲ +20.4% vs 2020
2022: €4.09M▲ +20.1% vs 2021
2023: €4.52M▲ +10.5% vs 2022
2024: €5.60M▲ +23.8% vs 2023
2025: €5.95M▲ +6.3% vs 2024highest in 7 years
2019 → 2025
Total assets
€9.34M▲ 25.6%
2024 · €7.44M
2019: €5.04Mlowest in 7 years
2020: €5.68M▲ +12.7% vs 2019
2021: €5.72M▲ +0.8% vs 2020
2022: €5.43M▼ -5.1% vs 2021
2023: €6.38M▲ +17.4% vs 2022
2024: €7.44M▲ +16.6% vs 2023
2025: €9.34M▲ +25.6% vs 2024highest in 7 years
2019 → 2025
Net result
€1.91M▲ 77.6%
2024 · €1.07M
2019: €491klowest in 7 years
2020: €689k▲ +40.2% vs 2019
2021: €577k▼ -16.2% vs 2020
2022: €737k▲ +27.6% vs 2021
2023: €639k▼ -13.2% vs 2022
2024: €1.07M▲ +68.1% vs 2023
2025: €1.91M▲ +77.6% vs 2024highest in 7 years
2019 → 2025
Working capital
€4.22M▲ 2.1%
2024 · €4.13M
2019: €2.71M
2020: €2.29M▼ -15.5% vs 2019lowest in 7 years
2021: €2.94M▲ +28.6% vs 2020
2022: €3.62M▲ +23.0% vs 2021
2023: €3.22M▼ -11.1% vs 2022
2024: €4.13M▲ +28.3% vs 2023
2025: €4.22M▲ +2.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.41M-€4.09M▲ 20.1%€4.52M▲ 10.5%€5.60M▲ 23.8%€5.95M▲ 6.3%
2021: €3.41Mlowest in 5 years
2022: €4.09M▲ +20.1% vs 2021
2023: €4.52M▲ +10.5% vs 2022
2024: €5.60M▲ +23.8% vs 2023
2025: €5.95M▲ +6.3% vs 2024highest in 5 years
Operating result€748k-€984k▲ 31.4%€838k▼ 14.8%€1.37M▲ 63.1%€2.32M▲ 69.5%
2021: €748klowest in 5 years
2022: €984k▲ +31.4% vs 2021
2023: €838k▼ -14.8% vs 2022
2024: €1.37M▲ +63.1% vs 2023
2025: €2.32M▲ +69.5% vs 2024highest in 5 years
Net result€577k-€737k▲ 27.6%€639k▼ 13.2%€1.07M▲ 68.1%€1.91M▲ 77.6%
2021: €577klowest in 5 years
2022: €737k▲ +27.6% vs 2021
2023: €639k▼ -13.2% vs 2022
2024: €1.07M▲ +68.1% vs 2023
2025: €1.91M▲ +77.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated 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 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.34M
Fixed assets
€1.98M ▲ 19.8%
Current assets
€7.36M ▲ 27.3%
Equity and liabilities €9.34M
Equity
€5.95M ▲ 6.3%
Debt
€3.39M ▲ 84.3%
Debt's share of the balance-sheet total rises from 24.7% to 36.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.63M▲
2024 · €1.59M
Cash flow
€2.22M▲
2024 · €1.30M
Current ratio
2.34▼
2024 · 3.49
Quick ratio
1.96▼
2024 · 3.07
Debt to equity
0.57▲
2024 · 0.33
ROE
32.1%▲
2024 · 19.2%
ROA
20.4%▲
2024 · 14.4%
Interest coverage
119.94▼
2024 · 151.12
Debt ≤ 1 year
€3.15M▲
2024 · €1.66M
Debt > 1 year
€228k▲
2024 · €171k
Income taxes
€459k▲
2024 · €354k
Staff costs
€1.12M▲
2024 · €985k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.44M€9.34M▲
Fixed assets21/28€1.65M€1.98M▲
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€1.65M€1.98M▲
Land and buildings22€925k€871k▼
Plant, machinery and equipment23€620k€1.03M▲
Furniture and vehicles24€71k€48k▼
Leasing and similar rights25€30k€23k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€500€0▼
Current assets29/58€5.79M€7.36M▲
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Stocks and contracts in progress3€705k€1.20M▲
Stocks30/36€208k€291k▲
Contracts in progress37€497k€909k▲
Amounts receivable within one year40/41€1.15M€1.56M▲
Trade receivables40€1.04M€1.41M▲
Other amounts receivable41€109k€150k▲
Current investments50/53€2.74M€2.44M▼
Cash at bank and in hand54/58€925k€1.92M▲
Deferred charges and accrued income490/1€164k€144k▼
Equity and liabilities
Total equity and liabilities10/49€7.44M€9.34M▲
Equity10/15€5.60M€5.95M▲
Contributions10/11€775k€775k=
Capital10€775k€775k=
Issued capital100€775k€775k=
Reserves13€4.82M€5.18M▲
Non-distributable reserves130/1€77k€77k=
Legal reserve130€77k€77k=
Tax-exempt reserves132€1.58M€935k▼
Distributable reserves133€3.17M€4.17M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.84M€3.39M▲
Amounts payable after more than one year17€171k€228k▲
Financial debts170/4€171k€228k▲
Amounts payable within one year42/48€1.66M€3.15M▲
Current portion of amounts payable after more than one year42€69k€108k▲
Trade debts44€1.44M€2.06M▲
Suppliers440/4€1.44M€2.06M▲
Advances received on contracts in progress46-€463k
Taxes, remuneration and social security45€150k€138k▼
Taxes450/3€23k€13k▼
Remuneration and social security454/9€127k€125k▼
Other amounts payable47/48€1k€377k▲
Accrued charges and deferred income492/3€13k€13k=
Income statement
Code20242025
Non-recurring operating income76A€0€61k▲
Remuneration, social security and pensions62€985k€1.12M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€223k€316k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k€-20k▼
Other operating charges640/8€29k€34k▲
Non-recurring operating charges66A€76€0▼
Gross operating margin9900€2.62M€3.76M▲
Operating profit (loss)9901€1.37M€2.32M▲
Financial income75/76B€72k€73k▲
Recurring financial income75€72k€73k▲
Financial charges65/66B€11k€22k▲
Recurring financial charges65€11k€22k▲
Profit (loss) for the period before taxes9903€1.43M€2.37M▲
Income taxes67/77€354k€459k▲
Profit (loss) for the period9904€1.07M€1.91M▲
Transfer from tax-exempt reserves789-€644k
Transfer to tax-exempt reserves689€632k€0▼
Profit (loss) for the period to be appropriated9905€443k€2.55M▲
Appropriation of the result
Profit (loss) to be appropriated9906€443k€2.55M▲
Transfer from equity791/2-€1.05M
Transfer to equity691/2€443k€2.05M▲
To other reserves6921€443k€2.05M▲
Profit to be distributed694/7€0€1.55M▲
Return on contributions (dividend)694€0€1.05M▲
Directors or managers695-€500k
Social balance
Average headcount (FTE)908713.414.7▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €7k | €0 | €61k | - |
| Remuneration, social security and pensions62 | - | €692k | €853k | €985k | €1.12M | ▲ 13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €252k | €177k | €184k | €223k | €316k | ▲ 41.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-38k | €0 | €20k | €-20k | ▼ 200% |
| Other operating charges640/8 | - | €67k | €26k | €29k | €34k | ▲ 17.0% |
| Non-recurring operating charges66A | - | €3k | €0 | €76 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.59M | €1.88M | €1.90M | €2.62M | €3.76M | ▲ 43.4% |
| Operating profit (loss)9901 | €748k | €984k | €838k | €1.37M | €2.32M | ▲ 69.5% |
| Financial income75/76B | - | €21k | €23k | €72k | €73k | ▲ 1.7% |
| Recurring financial income75 | €7k | €21k | €23k | €72k | €73k | ▲ 1.7% |
| Financial charges65/66B | - | €22k | €7k | €11k | €22k | ▲ 109% |
| Recurring financial charges65 | €-3k | €22k | €7k | €11k | €22k | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €758k | €983k | €854k | €1.43M | €2.37M | ▲ 65.8% |
| Income taxes67/77 | €181k | €246k | €215k | €354k | €459k | ▲ 29.8% |
| Profit (loss) for the period9904 | €577k | €737k | €639k | €1.07M | €1.91M | ▲ 77.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €644k | - |
| Transfer to tax-exempt reserves689 | - | €0 | €316k | €632k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €302k | €737k | €324k | €443k | €2.55M | ▲ 476% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.72M | €5.43M | €6.38M | €7.44M | €9.34M | ▲ 25.6% |
| Fixed assets21/28 | €562k | €482k | €1.51M | €1.65M | €1.98M | ▲ 19.8% |
| Intangible fixed assets21 | - | €3k | €5k | €4k | €2k | ▼ 34.0% |
| Tangible fixed assets22/27 | €562k | €478k | €1.51M | €1.65M | €1.98M | ▲ 20.0% |
| Land and buildings22 | - | €161k | €861k | €925k | €871k | ▼ 5.9% |
| Plant, machinery and equipment23 | - | €289k | €573k | €620k | €1.03M | ▲ 66.7% |
| Furniture and vehicles24 | - | €28k | €75k | €71k | €48k | ▼ 32.6% |
| Leasing and similar rights25 | - | - | - | €30k | €23k | ▼ 23.5% |
| Other tangible fixed assets26 | - | €413 | €76 | €0 | €0 | = |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €0 | ▼ 100% |
| Current assets29/58 | €5.16M | €4.95M | €4.86M | €5.79M | €7.36M | ▲ 27.3% |
| Amounts receivable after more than one year29 | - | - | €100k | €100k | €100k | = |
| Other amounts receivable291 | - | - | €100k | €100k | €100k | = |
| Stocks and contracts in progress3 | €190k | €807k | €627k | €705k | €1.20M | ▲ 70.2% |
| Stocks30/36 | - | €219k | €159k | €208k | €291k | ▲ 39.8% |
| Contracts in progress37 | - | €589k | €469k | €497k | €909k | ▲ 82.9% |
| Amounts receivable within one year40/41 | €1.03M | €1.56M | €1.57M | €1.15M | €1.56M | ▲ 35.5% |
| Trade receivables40 | - | €1.49M | €1.32M | €1.04M | €1.41M | ▲ 35.2% |
| Other amounts receivable41 | - | €77k | €243k | €109k | €150k | ▲ 37.6% |
| Current investments50/53 | €239k | €228k | €1.73M | €2.74M | €2.44M | ▼ 10.9% |
| Cash at bank and in hand54/58 | €3.12M | €2.26M | €706k | €925k | €1.92M | ▲ 108% |
| Deferred charges and accrued income490/1 | - | €95k | €130k | €164k | €144k | ▼ 12.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.72M | €5.43M | €6.38M | €7.44M | €9.34M | ▲ 25.6% |
| Equity10/15 | €3.41M | €4.09M | €4.52M | €5.60M | €5.95M | ▲ 6.3% |
| Contributions10/11 | €775k | €775k | €775k | €775k | €775k | = |
| Capital10 | - | €775k | €775k | €775k | €775k | = |
| Issued capital100 | - | €775k | €775k | €775k | €775k | = |
| Reserves13 | €2.63M | €3.32M | €3.75M | €4.82M | €5.18M | ▲ 7.4% |
| Non-distributable reserves130/1 | - | €77k | €77k | €77k | €77k | = |
| Legal reserve130 | - | €77k | €77k | €77k | €77k | = |
| Tax-exempt reserves132 | - | €632k | €947k | €1.58M | €935k | ▼ 40.8% |
| Distributable reserves133 | - | €2.61M | €2.72M | €3.17M | €4.17M | ▲ 31.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €2.31M | €1.34M | €1.86M | €1.84M | €3.39M | ▲ 84.3% |
| Amounts payable after more than one year17 | €80k | €6k | €210k | €171k | €228k | ▲ 33.7% |
| Financial debts170/4 | - | €6k | €210k | €171k | €228k | ▲ 33.7% |
| Amounts payable within one year42/48 | €2.22M | €1.33M | €1.65M | €1.66M | €3.15M | ▲ 90.1% |
| Current portion of amounts payable after more than one year42 | - | €74k | €66k | €69k | €108k | ▲ 57.7% |
| Trade debts44 | €1.51M | €1.10M | €1.17M | €1.44M | €2.06M | ▲ 43.6% |
| Suppliers440/4 | - | €1.10M | €1.17M | €1.44M | €2.06M | ▲ 43.6% |
| Advances received on contracts in progress46 | - | - | - | - | €463k | - |
| Taxes, remuneration and social security45 | - | €127k | €126k | €150k | €138k | ▼ 8.1% |
| Taxes450/3 | - | €34k | €16k | €23k | €13k | ▼ 43.4% |
| Remuneration and social security454/9 | - | €92k | €110k | €127k | €125k | ▼ 1.7% |
| Other amounts payable47/48 | - | €29k | €287k | €1k | €377k | ▲ 34,130% |
| Accrued charges and deferred income492/3 | - | €1k | €0 | €13k | €13k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €577k | €737k | €639k | €1.07M | €1.91M | ▲ 77.6% |
| + Depreciation and write-downs630 | €252k | €177k | €184k | €223k | €316k | ▲ 41.5% |
| Operating cash flow (approximation) | €829k | €914k | €823k | €1.30M | €2.22M | ▲ 71.4% |
| Investment in fixed assets (approximation) | - | €-96k | €-1.22M | €-360k | €-643k | ▼ 78.7% |
| Change in cash | - | €-865k | €-1.55M | €219k | €995k | ▲ 354% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €1.91M ▲77.6%
Operating result €2.32M, net result €1.91M, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €5MEq €5.60M ▲23.8%
6 profitable years in a row build equity to €5.60M.
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
30-01
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Ingelmunster · 1 establishment unit since 1993
Ground area
4,357 m²
Building footprint
2,525 m²
Volume, LiDAR
20,496 m³
Parcel 36007D0365/00W000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VERSCHOORE KONSTRUKTIE NV
since 19932.062.254.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0365/00W000 | Flanders | 4,357 m² | 1 · 2,525 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 20,397 EUR awarded · 20,932 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,805 EUR | 15,805 EUR |
| 2024 | 1 | 634 EUR | 634 EUR |
| 2023 | 2 | 2,968 EUR | 3,503 EUR |
| 2022 | 1 | 990 EUR | 990 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 200 companies in sector 25220 we hold annual accounts for 175. 112 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-04-1993
Fiscal year end30-06
Activities, NACEBEL 2025
25220Manufacture of fabricated metal products, except machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.