Verschraegen Construct
ActiveSummary
Verschraegen Construct has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,032 and a net result of €10,118. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+15
Solvency40▲+9
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.84 in 2024; short-term debt: 49.3% and cash: 8.1% of total assets), and 84.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
15.3%
Return on assets
6.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7900 sector peers (2025).
NBB · sector comparisonPosition among 7900 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €23,032
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
31 d late
2023
31 d late
2022
109 d early
2021
4 d late
2020
34 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€23,032▲ 78.3%
2024 · €12,915
Total assets
€150,857▼ 24.4%
2024 · €199,505
Net result
€10,118▲ 11.6%
2024 · €9,063
Working capital
-€12,888▲ 33.1%
2024 · -€19,261
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€50,896€25,159€4,080▼ 83.8%€15,372▲ 277%€15,407▲ 0.2%
Net result-€55,054below the sector's middle half€19,123within the sector's middle half€391below the sector's middle half▼ 98.0%€9,063within the sector's middle half▲ 2,216%€10,118within the sector's middle half▲ 11.6%
Equity-€15,663below the sector's middle half€3,460below the sector's middle half€3,852below the sector's middle half▲ 11.3%€12,915below the sector's middle half▲ 235%€23,032below the sector's middle half▲ 78.3%
Total assets€252,360within the sector's middle half▼ 20.1%€280,900within the sector's middle half▲ 11.3%€269,689below the sector's middle half▼ 4.0%€199,505within the sector's middle half▼ 26.0%€150,857below the sector's middle half▼ 24.4%
Debt€268,023▼ 3.1%€277,440▲ 3.5%€265,837▼ 4.2%€186,590▼ 29.8%€127,825▼ 31.5%
Working capital-€39,018-€17,639▲ 54.8%-€29,262▼ 65.9%-€19,261▲ 34.2%-€12,888▲ 33.1%
Solvency-6.2%below the sector's middle half▼ 18.7pp1.2%below the sector's middle half▲ 7.4pp1.4%below the sector's middle half▲ 0.2pp6.5%below the sector's middle half▲ 5.0pp15.3%below the sector's middle half▲ 8.8pp
Staff (FTE)1.3▲ 117%1.3=0.5below the sector's middle half▼ 61.5%0.2▼ 60.0%1below the sector's middle half▲ 400%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro 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 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,857
Fixed assets
€89,332 ▼ 8.4%
Current assets
€61,525 ▼ 39.7%
Equity and liabilities €150,857
Equity
€23,032 ▲ 78.3%
Debt
€127,825 ▼ 31.5%
Debt's share of the balance-sheet total falls from 93.5% to 84.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,633▲
2024 · €25,567
Cash flow
€20,343▲
2024 · €19,258
Current ratio
0.83▼
2024 · 0.84
Quick ratio
0.37▼
2024 · 0.60
Debt to equity
5.55▼
2024 · 14.45
ROE
43.9%▼
2024 · 70.2%
ROA
6.7%▲
2024 · 4.5%
Interest coverage
5.60▲
2024 · 4.09
Debt ≤ 1 year
€74,413▼
2024 · €121,257
Debt > 1 year
€51,333▼
2024 · €65,333
Income taxes
€710▲
2024 · €182
Staff costs
€51,789▲
2024 · €9,399
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,822 | - | - |
| Remuneration, social security and pensions62 | €61,941 | €74,369 | €75,398 | €9,399 | €51,789 | ▲ 451% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,271 | €21,285 | €11,347 | €10,195 | €10,225 | ▲ 0.3% |
| Other operating charges640/8 | €2,426 | €2,403 | €2,372 | €2,949 | €2,585 | ▼ 12.3% |
| Non-recurring operating charges66A | - | - | - | €6,352 | - | - |
| Gross operating margin9900 | €34,741 | €123,216 | €93,198 | €44,268 | €80,007 | ▲ 80.7% |
| Operating profit (loss)9901 | -€50,896 | €25,159 | €4,080 | €15,372 | €15,407 | ▲ 0.2% |
| Financial income75/76B | €105 | - | €118 | €118 | - | - |
| Recurring financial income75 | €105 | - | €118 | €118 | - | - |
| Financial charges65/66B | €3,853 | €5,622 | €3,610 | €6,244 | €4,579 | ▼ 26.7% |
| Recurring financial charges65 | €3,853 | €5,622 | €3,610 | €6,244 | €4,579 | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | -€54,643 | €19,537 | €588 | €9,245 | €10,828 | ▲ 17.1% |
| Income taxes67/77 | €411 | €414 | €197 | €182 | €710 | ▲ 290% |
| Profit (loss) for the period9904 | -€55,054 | €19,123 | €391 | €9,063 | €10,118 | ▲ 11.6% |
| Profit (loss) for the period to be appropriated9905 | -€55,054 | €19,123 | €391 | €9,063 | €10,118 | ▲ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252,360 | €280,900 | €269,689 | €199,505 | €150,857 | ▼ 24.4% |
| Fixed assets21/28 | €146,590 | €125,411 | €117,833 | €97,509 | €89,332 | ▼ 8.4% |
| Intangible fixed assets21 | €12,886 | €11,386 | €10,636 | €9,886 | €9,136 | ▼ 7.6% |
| Tangible fixed assets22/27 | €132,181 | €112,396 | €105,186 | €82,960 | €76,056 | ▼ 8.3% |
| Plant, machinery and equipment23 | €105,170 | €92,601 | €86,778 | €71,061 | €66,634 | ▼ 6.2% |
| Furniture and vehicles24 | €6,050 | €4,314 | €5,667 | €1,897 | €9,422 | ▲ 397% |
| Leasing and similar rights25 | €20,961 | €15,481 | €12,742 | €10,002 | - | - |
| Financial fixed assets28 | €1,523 | €1,629 | €2,011 | €4,663 | €4,140 | ▼ 11.2% |
| Current assets29/58 | €105,770 | €155,489 | €151,856 | €101,995 | €61,525 | ▼ 39.7% |
| Stocks and contracts in progress3 | €38,102 | €17,995 | €52,454 | €29,594 | €34,316 | ▲ 16.0% |
| Stocks30/36 | €19,942 | €17,995 | €19,841 | €10,500 | €7,801 | ▼ 25.7% |
| Contracts in progress37 | €18,160 | - | €32,613 | €19,093 | €26,515 | ▲ 38.9% |
| Amounts receivable within one year40/41 | €42,215 | €54,592 | €83,220 | €56,001 | €9,591 | ▼ 82.9% |
| Trade receivables40 | €42,215 | €54,592 | €72,396 | €56,001 | €8,181 | ▼ 85.4% |
| Other amounts receivable41 | - | - | €10,824 | - | €1,409 | - |
| Current investments50/53 | €100 | €100 | €100 | €100 | €100 | = |
| Cash at bank and in hand54/58 | €14,685 | €72,336 | €3,770 | €6,037 | €12,221 | ▲ 102% |
| Deferred charges and accrued income490/1 | €10,669 | €10,466 | €12,312 | €10,264 | €5,297 | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252,360 | €280,900 | €269,689 | €199,505 | €150,857 | ▼ 24.4% |
| Equity10/15 | -€15,663 | €3,460 | €3,852 | €12,915 | €23,032 | ▲ 78.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €6,715 | €16,832 | ▲ 151% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €4,855 | €14,972 | ▲ 208% |
| Profit (loss) carried forward14 | -€23,723 | -€4,600 | -€4,208 | - | - | - |
| Amounts payable17/49 | €268,023 | €277,440 | €265,837 | €186,590 | €127,825 | ▼ 31.5% |
| Amounts payable after more than one year17 | €123,234 | €104,312 | €84,719 | €65,333 | €51,333 | ▼ 21.4% |
| Financial debts170/4 | €123,234 | €104,312 | €84,719 | €65,333 | €51,333 | ▼ 21.4% |
| Amounts payable within one year42/48 | €144,789 | €173,128 | €181,118 | €121,257 | €74,413 | ▼ 38.6% |
| Current portion of amounts payable after more than one year42 | €19,153 | €18,922 | €19,293 | €19,386 | €14,000 | ▼ 27.8% |
| Financial debts43 | €0 | €35,000 | €65,408 | €47,393 | €37,577 | ▼ 20.7% |
| Credit institutions430/8 | - | €35,000 | €30,408 | €47,393 | €37,577 | ▼ 20.7% |
| Other loans439 | €0 | - | €35,000 | - | - | - |
| Trade debts44 | €85,722 | €19,821 | €33,263 | €26,927 | €4,524 | ▼ 83.2% |
| Suppliers440/4 | €85,722 | €19,821 | €33,263 | €26,927 | €4,524 | ▼ 83.2% |
| Taxes, remuneration and social security45 | €23,984 | €18,940 | €7,536 | €12,855 | €6,907 | ▼ 46.3% |
| Taxes450/3 | €21,702 | €15,697 | €3,936 | €6,414 | €5,357 | ▼ 16.5% |
| Remuneration and social security454/9 | €2,283 | €3,243 | €3,600 | €6,441 | €1,550 | ▼ 75.9% |
| Other amounts payable47/48 | €15,930 | €80,444 | €55,618 | €14,696 | €11,405 | ▼ 22.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,078 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€55,054 | €19,123 | €391 | €9,063 | €10,118 | ▲ 11.6% |
| + Depreciation and write-downs630 | €21,271 | €21,285 | €11,347 | €10,195 | €10,225 | ▲ 0.3% |
| Operating cash flow (approximation) | -€33,783 | €40,408 | €11,739 | €19,258 | €20,343 | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | -€106 | -€3,770 | €10,129 | -€2,048 | ▼ 120% |
| Change in cash | - | €57,651 | -€68,566 | €2,266 | €6,184 | ▲ 173% |
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
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,123
Net result €19,123 after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet -€55,054
Net result drops to -€55,054, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €23,441 ▲2,862%
Operating result €25,791, net result €23,441, both a record.
29-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lochristi · 1 establishment unit since 2007
Ground area
924 m²
Building footprint
154 m²
Volume, LiDAR
744 m³
Parcel 44472B1951/00Z002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Verschraegen Construct
since 20072.165.059.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44472B1951/00Z002 | Flanders | 924 m² | 1 · 154 m² | 6.4 m · 2 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
2023 to 2025 · 2 entries · 123 EUR awarded · 123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 60 EUR | 60 EUR |
| 2023 | 1 | 63 EUR | 63 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,493 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43110Demolition
43120Site preparation
43910Bricklaying and masonry work
Contact
Phone
09/2790106Lochristi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891650328
Also
9925:BE0891650328
Registered
17-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.