VERSCHOORE CONSTRUCTIE

Active Public limited companyfounded 1993active for 33 yearsKortrijkstraat 122, 8770 IngelmunsterKBO/BCE: BE 0449.949.742 #4 company by total assets in Ingelmunster, Manufacturing sector

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 09-01-2026, 22 days before the deadline

€3.8m

▲ 43.4%

€2.3m

▲ 69.5%

€1.9m

▲ 77.6%

€4.2m

▲ 2.1%

63.7%

▼ 11.5 percentage points

2.34

▼ 1.16

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

Turnover ≈ €6.5m. Estimated: probably between €4.4m and €11.0m.

In the rankings #4 company by total assets in Ingelmunster, Manufacturing sector #4 company by equity in Ingelmunster, Manufacturing sector #7 company by staff growth in Ingelmunster

Balance sheet

balance sheet total €9.3m on 30-06-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

63.7%

Higher than 70% of 1,245 companies in 2025.

2.34

Higher than 63% of 1,226 companies in 2025.

20.4%

Higher than 90% of 1,244 companies in 2025.

VERSCHOORE CONSTRUCTIE Middle half of the sector 80% of the sector Abbreviated accounts in fabricated metal products (NACE 25)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

€76,021

Staff costs divided by the average number of full-time equivalents.

-2 people

people who joined people who left

In 2025, 3 people joined and 5 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	9.3m	7.4m	6.4m	5.4m	5.7m	5.7m	5.0m	4.8m	5.1m	4.7m	4.5m	4.3m	4.1m	2.7m	2.8m	3.0m	3.8m	3.4m	3.5m
`21/28`	2.0m	1.7m	1.5m	481,520	562,098	700,779	665,433	673,639	310,586	254,005	214,916	182,428	256,855	144,457	157,324	199,453	239,967	215,760	281,088
`21`	2,441	3,702	4,962	3,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`22/27`	2.0m	1.6m	1.5m	477,949	561,598	700,779	665,433	673,639	310,586	253,870	214,916	182,428	256,855	144,457	157,324	199,453	239,967	215,760	280,642
`22`	870,551	924,781	861,051	160,641	177,233	182,635	183,986	196,538	58,746	1,133	1,849	2,566	2,600	4,300	8,735	17,228	35,796	69,693	107,213
`23`	1.0m	620,313	572,603	289,174	351,237	490,571	436,478	423,259	223,312	237,695	189,773	144,762	206,870	92,215	83,425	99,264	129,094	99,138	106,695
`24`	47,879	71,063	74,993	27,721	31,840	25,412	17,482	22,261	8,557	2,411	6,301	14,505	25,112	27,021	40,756	54,544	42,654	45,367	64,652
`25`	23,259	30,406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`26`	0	0	76	413	1,287	2,161	27,487	31,580	19,970	12,632	16,993	20,595	22,273	20,922	24,409	28,416	32,424	1,562	2,082
`28`	0	500	500	500	500	-	-	-	-	135	-	-	-	-	-	-	-	-	446
`29/58`	7.4m	5.8m	4.9m	5.0m	5.2m	5.0m	4.4m	4.1m	4.8m	4.5m	4.3m	4.1m	3.9m	2.5m	2.7m	2.8m	3.5m	3.2m	3.2m
`29`	100,000	100,000	100,000	-	-	-	-	-	-	-	26,000	142,000	80,000	60,000	-	-	-	-	-
`291`	100,000	100,000	100,000	-	-	-	-	-	-	-	26,000	142,000	80,000	60,000	-	-	-	-	-
`3`	1.2m	705,376	627,200	807,407	594,159	280,438	354,263	380,456	566,330	525,211	476,076	441,649	556,597	342,839	303,859	255,813	462,563	305,796	289,790
`30/36`	291,079	208,232	158,689	218,796	190,074	189,220	140,816	102,317	108,685	144,588	114,806	116,776	134,178	163,904	91,863	111,149	93,133	121,614	105,730
`37`	909,146	497,144	468,511	588,611	404,086	91,218	213,447	278,139	457,645	380,623	361,270	324,873	422,419	178,935	211,996	144,664	369,430	184,182	184,060
`40/41`	1.6m	1.2m	1.6m	1.6m	1.0m	601,268	984,989	864,125	1.2m	1.2m	1.3m	1.2m	1.2m	658,767	657,663	738,512	972,176	1.0m	843,891
`40`	1.4m	1.0m	1.3m	1.5m	792,814	365,685	795,575	590,985	997,523	1.1m	1.3m	1.1m	1.1m	560,434	593,023	586,329	919,676	948,254	808,075
`41`	150,490	109,402	243,242	76,646	236,032	235,583	189,414	273,140	185,076	85,169	69,021	85,808	105,573	98,334	64,640	152,183	52,501	68,920	35,816
`50/53`	2.4m	2.7m	1.7m	227,970	239,158	227,851	334,719	340,312	100,625	139,625	139,625	240,000	120,000	90,000	1,010	994	700,978	700,960	700,944
`54/58`	1.9m	925,311	705,905	2.3m	3.1m	3.7m	2.7m	2.6m	2.9m	2.6m	2.3m	2.1m	1.9m	1.4m	1.7m	1.8m	1.4m	1.2m	1.4m
`490/1`	143,566	164,266	130,310	95,140	176,754	185,107	3,243	2,565	3,773	3,381	-	-	-	2,036	2,203	6,523	19,243	14,707	18,508
Balance sheet: equity and liabilities
`10/49`	9.3m	7.4m	6.4m	5.4m	5.7m	5.7m	5.0m	4.8m	5.1m	4.7m	4.5m	4.3m	4.1m	2.7m	2.8m	3.0m	3.8m	3.4m	3.5m
`10/15`	6.0m	5.6m	4.5m	4.1m	3.4m	2.8m	3.1m	2.7m	2.2m	3.4m	3.1m	3.1m	2.4m	1.7m	1.3m	2.1m	1.8m	1.4m	2.3m
`10/11`	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667
`10`	774,667	774,667	774,667	774,667	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667	774,667
`13`	5.2m	4.8m	3.7m	3.3m	2.6m	2.1m	2.4m	1.9m	1.4m	904,302	904,302	904,302	604,302	304,302	79,302	79,302	79,302	79,302	80,600
`130/1`	77,467	77,467	77,467	77,467	77,467	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467	77,467
`132`	934,620	1.6m	947,250	631,500	631,500	356,000	-	-	97,500	97,500	97,500	825,000	525,000	225,000	-	-	-	-	-
`133`	4.2m	3.2m	2.7m	2.6m	1.9m	1.6m	2.3m	1.8m	1.2m	729,335	729,335	1,835	1,835	1,835	1,835	1,835	1,835	1,835	3,134
`14`	0	0	0	0	-	-	-	-	-	1.7m	1.4m	1.4m	995,923	658,357	478,993	1.2m	941,645	504,704	1.4m
`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,050	3,150	5,250
`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,050	3,150	5,250
`17/49`	3.4m	1.8m	1.9m	1.3m	2.3m	2.8m	1.9m	2.2m	2.9m	1.4m	1.5m	1.2m	1.8m	935,348	1.5m	891,431	2.0m	2.1m	1.2m
`17`	228,466	170,816	210,000	6,166	80,167	154,167	228,167	-	-	-	-	-	-	-	-	-	-	-	-
`170/4`	228,466	170,816	210,000	6,166	80,167	154,167	228,167	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	3.1m	1.7m	1.6m	1.3m	2.2m	2.7m	1.7m	2.2m	2.9m	1.4m	1.5m	1.2m	1.8m	935,348	1.5m	890,574	2.0m	2.1m	1.2m
`42`	108,279	68,656	66,166	74,000	74,000	74,000	74,000	-	-	-	-	-	-	-	-	-	-	-	-
`44`	2.1m	1.4m	1.2m	1.1m	1.5m	1.4m	1.1m	1.1m	1.4m	690,809	746,825	974,520	1.1m	601,042	789,203	450,890	923,333	693,173	571,822
`440/4`	2.1m	1.4m	1.2m	1.1m	1.5m	1.4m	1.1m	1.1m	1.4m	690,809	746,825	974,520	1.1m	601,042	789,203	450,890	923,333	693,173	571,822
`46`	463,211	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`45`	137,914	150,013	126,341	126,875	82,272	123,446	74,486	55,552	48,209	86,011	113,658	58,840	168,605	53,072	118,561	56,449	55,242	44,717	85,419
`450/3`	12,998	22,961	16,050	34,377	9,785	50,720	9,518	5,376	6,037	18,996	66,232	-	112,026	3,183	63,517	4,464	13,990	666	44,766
`454/9`	124,916	127,051	110,291	92,498	72,488	72,726	64,968	50,175	42,172	67,016	47,426	58,840	56,579	49,889	55,044	51,986	41,253	44,051	40,653
`47/48`	376,534	1,100	286,680	28,745	551,100	1.1m	425,740	981,113	1.5m	601,100	601,100	201,100	501,234	281,234	601,234	383,234	1.0m	1.3m	566,999
`492/3`	13,200	13,200	0	1,186	14,300	1,956	1,956	2,043	2,061	3,880	3,880	2,128	5,676	-	857	857	9,130	683	4,439
Income statement
`76A`	61,156	0	6,551	-	-	23,500	9,700	3,000	-	1,267	122	-	10,003	-	5,000	125	18,158	25,158	600
`9900`	3.8m	2.6m	1.9m	1.9m	1.6m	1.9m	1.6m	1.5m	1.0m	1.5m	1.6m	1.3m	1.8m	1.3m	1.6m	1.3m	2.2m	2.2m	1.6m
`62`	1.1m	984,780	853,247	692,426	554,830	566,953	546,557	458,946	355,786	382,952	391,949	364,211	388,487	436,005	440,664	478,676	480,543	443,125	406,367
`630`	315,776	223,239	183,960	176,789	252,005	305,954	284,286	273,215	111,923	147,901	127,539	116,887	160,863	69,762	72,340	110,109	128,975	102,452	118,720
`631/4`	-20,000	20,000	0	-38,340	-	-	-	38,340	-	-	-	-37,700	32,357	-	-	-	-	5,343	-
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,050	-2,100	-2,100	-2,100
`640/8`	34,092	29,133	26,463	67,212	30,698	35,462	24,626	24,953	23,606	5,492	6,670	4,524	6,150	19,571	18,209	19,051	21,652	19,901	9,429
`66A`	0	76	0	2,541	-	32,190	-	-	-	-	-	-	-	-	-	350	-	-	-
`9901`	2.3m	1.4m	837,993	983,703	748,419	985,129	703,879	685,650	509,372	992,480	1.1m	834,559	1.2m	747,081	1.0m	729,270	1.6m	1.6m	1.1m
`75/76B`	73,263	72,028	22,811	21,200	7,044	8,825	7,049	17,214	12,834	32,649	20,015	18,790	10,963	16,995	17,659	37,818	59,694	78,780	62,336
`75`	73,263	72,028	22,811	21,200	7,044	8,825	7,049	14,214	12,834	32,649	20,015	18,790	10,963	16,995	17,659	37,818	59,694	78,780	62,336
`76B`	-	-	-	-	-	-	-	3,000	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	21,939	10,520	6,858	22,225	-3,032	15,585	12,360	10,684	30,892	3,914	165,117	2,287	70,843	4,210	12,510	3,006	10,424	5,008	3,483
`65`	21,939	10,520	6,858	22,225	-3,032	15,585	12,360	10,684	30,892	3,914	165,117	2,287	70,843	4,210	12,510	3,006	10,424	5,008	3,483
`9903`	2.4m	1.4m	853,946	982,678	758,495	978,369	698,569	692,181	491,313	1.0m	936,457	851,062	1.1m	759,866	1.1m	763,857	1.6m	1.7m	1.1m
`67/77`	458,909	353,621	214,646	245,876	181,239	289,730	207,295	219,716	176,762	111,045	142,618	165,884	188,070	75,502	138,485	107,858	206,525	216,544	171,427
`9904`	1.9m	1.1m	639,300	736,802	577,257	688,639	491,274	472,465	314,552	911,437	793,839	685,178	937,566	684,364	916,474	656,000	1.4m	1.5m	962,438
`789`	644,130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	0	631,500	315,750	0	275,500	356,000	-	-	-	-	-	300,000	300,000	225,000	-	-	-	-	-
`9905`	2.6m	442,883	323,550	736,802	301,757	332,639	491,274	472,465	314,552	911,437	793,839	385,178	637,566	459,364	916,474	656,000	1.4m	1.5m	962,438
Appropriation of the result
`9906`	2.6m	442,883	323,550	736,802	301,757	332,639	491,274	472,465	2.0m	2.3m	2.2m	1.4m	1.3m	938,357	2.1m	1.6m	1.9m	2.9m	2.0m
`791/2`	1.1m	-	-	-	-	1.0m	-	-	1.5m	-	-	-	-	-	-	-	-	1,298	-
`691/2`	2.1m	442,883	112,970	684,157	301,757	332,639	491,274	472,465	2.0m	-	-	-	-	-	-	-	-	-	-
`6921`	2.1m	442,883	112,970	684,157	301,757	332,639	491,274	472,465	2.0m	-	-	-	-	-	-	-	-	-	-
`694/7`	1.6m	0	210,580	52,645	-	1.0m	-	-	1.5m	600,000	800,000	-	300,000	280,000	1.7m	382,000	1.0m	2.4m	566,932
`694`	1.1m	0	210,580	52,645	-	1.0m	-	-	1.5m	-	200,000	-	-	-	1.1m	-	-	1.4m	-
`695`	500,000	-	-	-	-	-	-	-	-	600,000	600,000	-	300,000	280,000	600,000	382,000	1.0m	1.0m	566,932
Social balance sheet
`9087`	14.7	13.4	12.6	11	9	9.2	9.5	8.2	7	7	7	7.5	8	8.5	9.3	11	10.4	9.5	9
Hours worked`1013`	24,226	22,234	21,826	18,682	14,352	14,854	16,073	13,658	11,342	11,834	12,107	11,250	10,979	14,085	15,740	17,127	17,393	16,897	15,298
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The accounts for 13 older financial years (1994-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 26 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 09-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-06-2025	abbreviated format	09-01-2026	2026-00004779	PDF
30-06-2024	abbreviated format	17-01-2025	2025-00006058	PDF
30-06-2023	abbreviated format	12-01-2024	2024-00000598	PDF
30-06-2022	abbreviated format	09-01-2023	2023-20554870	PDF
30-06-2021	abbreviated format	14-01-2022	2022-00900237	PDF
30-06-2020	abbreviated format	15-01-2021	2021-00900442	PDF
30-06-2019	abbreviated format	17-01-2020	2020-01400440	PDF
30-06-2018	abbreviated format	30-01-2019	2019-02800446	PDF
30-06-2017	abbreviated format	21-12-2017	2017-72800142	PDF
30-06-2016	abbreviated format	30-01-2017	2017-03200043	PDF
30-06-2015	abbreviated format	23-12-2015	2015-70300313	PDF
30-06-2014	abbreviated format	08-01-2015	2015-00400036	PDF
30-06-2013	abbreviated format	30-01-2014	2014-01700524	PDF
30-06-2012	abbreviated format	25-01-2013	2013-01300557	PDF
30-06-2011	abbreviated format	16-01-2012	2012-01000183	PDF
30-06-2010	abbreviated format	12-01-2011	2011-00600434	PDF
30-06-2009	abbreviated format	06-01-2010	2010-00400004	PDF
30-06-2008	abbreviated format	22-01-2009	2009-01600308	PDF
30-06-2007	abbreviated format	21-01-2008	2008-01700259	PDF
30-06-2006	abbreviated format	10-01-2007	2007-00604963	PDF
30-06-2005	abbreviated format	31-01-2006	2006-04002117	PDF
30-06-2004	abbreviated format	24-12-2004	2004-88000193	PDF
30-06-2003	abbreviated format	24-12-2003	2003-85504236	PDF
30-06-2002	abbreviated format	31-12-2002	2002-80003401	PDF
30-06-2001	abbreviated format	27-12-2001	2001-78503244	PDF
30-06-2000	abbreviated format	27-12-2000	2000-77800702	PDF
30-06-1999	abbreviated format	19-01-2000	2000-01701087	PDF
30-06-1998	abbreviated format	22-12-1998	1998-62703442	PDF
30-06-1997	abbreviated format	15-01-1998	1998-01004858	PDF
30-06-1996	abbreviated format	23-12-1996	1996-54501381	PDF
30-06-1995	abbreviated format	27-12-1995	1995-61200534	PDF
30-06-1994	abbreviated format	19-12-1994	1994-50502597	PDF

Subsidies and aid

Flemish government 2022 to 2025, 6 entries, €20,397 awarded, €20,932 paid

Individueel Maatwerk

€14,900

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€3,878

Vlaams opleidingsverlof (VOV)

€1,619

Year	Entries	Awarded	Paid
2025	2	€15,805	€15,805
2024	1	€634	€634
2023	2	€2,968	€3,503
2022	1	€990	€990

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
2.6m	1.6m	1.0m	1.2m	1.0m	1.3m	988,165	958,864	621,294	1.1m	1.2m	951,446	1.3m	816,843	1.1m	839,379	1.7m	1.7m	1.2m
2.2m	1.3m	823,260	913,591	829,262	994,593	775,560	745,679	426,474	1.1m	921,377	802,065	1.1m	754,125	988,814	766,109	1.6m	1.6m	1.1m
650,472	359,894	1.2m	100,352	113,324	374,492	276,080	636,268	168,639	186,990	159,905	42,459	273,261	56,895	30,211	69,595	154,625	50,905	39,860
995,348	219,406	-1.6m	-865,168	-559,898	985,421	138,215	-354,448	281,681	305,181	223,329	201,635	527,774	-346,185	-38,989	369,208	207,041	-191,588	-
4.2m	4.1m	3.2m	3.6m	2.9m	2.3m	2.7m	2.0m	1.9m	3.1m	2.8m	2.9m	2.1m	1.6m	1.2m	1.9m	1.6m	1.1m	2.0m
63.7%	75.3%	70.9%	75.4%	59.6%	49.9%	62.4%	55.0%	42.9%	70.9%	67.6%	71.2%	57.2%	65.0%	46.9%	69.9%	47.4%	39.5%	64.8%
2.34	3.49	2.96	3.72	2.32	1.85	2.62	1.91	1.65	3.26	2.95	3.33	2.20	2.70	1.78	3.10	1.79	1.55	2.64
1.96	3.07	2.57	3.11	2.06	1.75	2.41	1.74	1.45	2.88	2.62	2.98	1.89	2.34	1.58	2.81	1.56	1.41	2.40
0.57	0.33	0.41	0.33	0.68	1.01	0.60	0.82	1.33	0.41	0.48	0.40	0.75	0.54	1.13	0.43	1.11	1.53	0.54
32.1%	19.2%	14.1%	18.0%	16.9%	24.3%	15.6%	17.8%	14.4%	27.1%	26.0%	22.4%	39.5%	39.4%	68.8%	31.7%	80.0%	110.8%	42.3%
20.4%	14.4%	10.0%	13.6%	10.1%	12.1%	9.7%	9.8%	6.2%	19.2%	17.6%	15.9%	22.6%	25.6%	32.2%	22.2%	38.0%	43.8%	27.4%
over 100	over 100	over 100	52.22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	13	15	13	12
full-time	12	14	12	12
part-time	1	1	1	0
in full-time equivalents	12.8	14.2	12.2	12
	14.7	13.4	12.6	11
On a permanent contract	13	14	13	12
Joined	3	7	2	4
Left	5	5	1	2

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Debts secured on the company's own assets	€336,745	€239,472	€276,166	-
	€500,000	€500,000	€500,000	-

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€650,472	€359,894	€1.2m	€97,201
Intangible fixed assets	-	-	€3,151	€3,151
	€315,776	€223,239	€183,960	€176,789

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on VERSCHOORE CONSTRUCTIE

The operating result for 2025 is 69% higher than in 2024 and the highest since 2007. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 24.7% to 36.3%. Equity and debt are higher.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency63.7%

Current ratio2.34

Return on assets20.4%

Staff

Staff cost per FTE€76,021

Joined and left-2 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 6 entries, €20,397 awarded, €20,932 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on VERSCHOORE CONSTRUCTIE

Next steps

in €m

in €m

63.7%

2.34

20.4%

€76,021

-2 people