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 €23k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 7838 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 €1k 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 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 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 €23k
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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€23k▲ 78.3%
2024 · €13k
Total assets
€151k▼ 24.4%
2024 · €200k
Net result
€10k▲ 11.6%
2024 · €9k
Working capital
€-13k▲ 33.1%
2024 · €-19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-51k€25k€4k▼ 83.8%€15k▲ 277%€15k▲ 0.2%
Net result€-55k€19k€391▼ 98.0%€9k▲ 2,216%€10k▲ 11.6%
Equity€-16k€3k€4k▲ 11.3%€13k▲ 235%€23k▲ 78.3%
Total assets€252k▼ 20.1%€281k▲ 11.3%€270k▼ 4.0%€200k▼ 26.0%€151k▼ 24.4%
Debt€268k▼ 3.1%€277k▲ 3.5%€266k▼ 4.2%€187k▼ 29.8%€128k▼ 31.5%
Working capital€-39k€-18k▲ 54.8%€-29k▼ 65.9%€-19k▲ 34.2%€-13k▲ 33.1%
Staff (FTE)1.3▲ 117%1.3=0.5▼ 61.5%0.2▼ 60.0%1▲ 400%
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 €151k
Fixed assets
€89k ▼ 8.4%
Current assets
€62k ▼ 39.7%
Equity and liabilities €151k
Equity
€23k ▲ 78.3%
Debt
€128k ▼ 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
€26k▲
2024 · €26k
Cash flow
€20k▲
2024 · €19k
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
€74k▼
2024 · €121k
Debt > 1 year
€51k▼
2024 · €65k
Income taxes
€710▲
2024 · €182
Staff costs
€52k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6k | - | - |
| Remuneration, social security and pensions62 | €62k | €74k | €75k | €9k | €52k | ▲ 451% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €21k | €11k | €10k | €10k | ▲ 0.3% |
| Other operating charges640/8 | €2k | €2k | €2k | €3k | €3k | ▼ 12.3% |
| Non-recurring operating charges66A | - | - | - | €6k | - | - |
| Gross operating margin9900 | €35k | €123k | €93k | €44k | €80k | ▲ 80.7% |
| Operating profit (loss)9901 | €-51k | €25k | €4k | €15k | €15k | ▲ 0.2% |
| Financial income75/76B | €105 | - | €118 | €118 | - | - |
| Recurring financial income75 | €105 | - | €118 | €118 | - | - |
| Financial charges65/66B | €4k | €6k | €4k | €6k | €5k | ▼ 26.7% |
| Recurring financial charges65 | €4k | €6k | €4k | €6k | €5k | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | €-55k | €20k | €588 | €9k | €11k | ▲ 17.1% |
| Income taxes67/77 | €411 | €414 | €197 | €182 | €710 | ▲ 290% |
| Profit (loss) for the period9904 | €-55k | €19k | €391 | €9k | €10k | ▲ 11.6% |
| Profit (loss) for the period to be appropriated9905 | €-55k | €19k | €391 | €9k | €10k | ▲ 11.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €252k | €281k | €270k | €200k | €151k | ▼ 24.4% |
| Fixed assets21/28 | €147k | €125k | €118k | €98k | €89k | ▼ 8.4% |
| Intangible fixed assets21 | €13k | €11k | €11k | €10k | €9k | ▼ 7.6% |
| Tangible fixed assets22/27 | €132k | €112k | €105k | €83k | €76k | ▼ 8.3% |
| Plant, machinery and equipment23 | €105k | €93k | €87k | €71k | €67k | ▼ 6.2% |
| Furniture and vehicles24 | €6k | €4k | €6k | €2k | €9k | ▲ 397% |
| Leasing and similar rights25 | €21k | €15k | €13k | €10k | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €5k | €4k | ▼ 11.2% |
| Current assets29/58 | €106k | €155k | €152k | €102k | €62k | ▼ 39.7% |
| Stocks and contracts in progress3 | €38k | €18k | €52k | €30k | €34k | ▲ 16.0% |
| Stocks30/36 | €20k | €18k | €20k | €11k | €8k | ▼ 25.7% |
| Contracts in progress37 | €18k | - | €33k | €19k | €27k | ▲ 38.9% |
| Amounts receivable within one year40/41 | €42k | €55k | €83k | €56k | €10k | ▼ 82.9% |
| Trade receivables40 | €42k | €55k | €72k | €56k | €8k | ▼ 85.4% |
| Other amounts receivable41 | - | - | €11k | - | €1k | - |
| Current investments50/53 | €100 | €100 | €100 | €100 | €100 | = |
| Cash at bank and in hand54/58 | €15k | €72k | €4k | €6k | €12k | ▲ 102% |
| Deferred charges and accrued income490/1 | €11k | €10k | €12k | €10k | €5k | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €252k | €281k | €270k | €200k | €151k | ▼ 24.4% |
| Equity10/15 | €-16k | €3k | €4k | €13k | €23k | ▲ 78.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | - | €6k | €6k | €6k | = |
| Other1109/19 | €6k | - | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €7k | €17k | ▲ 151% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €5k | €15k | ▲ 208% |
| Profit (loss) carried forward14 | €-24k | €-5k | €-4k | - | - | - |
| Amounts payable17/49 | €268k | €277k | €266k | €187k | €128k | ▼ 31.5% |
| Amounts payable after more than one year17 | €123k | €104k | €85k | €65k | €51k | ▼ 21.4% |
| Financial debts170/4 | €123k | €104k | €85k | €65k | €51k | ▼ 21.4% |
| Amounts payable within one year42/48 | €145k | €173k | €181k | €121k | €74k | ▼ 38.6% |
| Current portion of amounts payable after more than one year42 | €19k | €19k | €19k | €19k | €14k | ▼ 27.8% |
| Financial debts43 | €0 | €35k | €65k | €47k | €38k | ▼ 20.7% |
| Credit institutions430/8 | - | €35k | €30k | €47k | €38k | ▼ 20.7% |
| Other loans439 | €0 | - | €35k | - | - | - |
| Trade debts44 | €86k | €20k | €33k | €27k | €5k | ▼ 83.2% |
| Suppliers440/4 | €86k | €20k | €33k | €27k | €5k | ▼ 83.2% |
| Taxes, remuneration and social security45 | €24k | €19k | €8k | €13k | €7k | ▼ 46.3% |
| Taxes450/3 | €22k | €16k | €4k | €6k | €5k | ▼ 16.5% |
| Remuneration and social security454/9 | €2k | €3k | €4k | €6k | €2k | ▼ 75.9% |
| Other amounts payable47/48 | €16k | €80k | €56k | €15k | €11k | ▼ 22.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-55k | €19k | €391 | €9k | €10k | ▲ 11.6% |
| + Depreciation and write-downs630 | €21k | €21k | €11k | €10k | €10k | ▲ 0.3% |
| Operating cash flow (approximation) | €-34k | €40k | €12k | €19k | €20k | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | €-106 | €-4k | €10k | €-2k | ▼ 120% |
| Change in cash | - | €58k | €-69k | €2k | €6k | ▲ 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.
More with these figures Sector benchmark What changed Value indication
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 €19k
Net result €19k 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 €-55k
Net result drops to €-55k, 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 €23k ▲2,862%
Operating result €26k, net result €23k, 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 |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 7,490 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
Scores and ratios are computed by Checked and are not a credit decision.