VERSCHUREN HUGO
ActiveVERSCHUREN HUGO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739k and a net result of €30k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+3
Solvency73▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.23 in 2024; short-term debt: 38.3% and cash: 15.1% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 25
higher
← 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
48%
Return on assets
1.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
28 d late
2023
on the day
2022
29 d late
2021
25 d late
2020
24 d late
2019
27 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k
2024 · €-6k
2018: €31k
2019: €57k
2020: €-49k
2021: €-4k
2022: €463k
2023: €16k
2024: €-6k
2018 → 2025
Working capital
€460k▲ 10.0%
2024 · €418k
2018: €140k
2019: €185k
2020: €166k
2021: €124k
2022: €463k
2023: €300k
2024: €418k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€296k-€699k▲ 136%€715k▲ 2.3%€709k▼ 0.8%€739k▲ 4.2%
Operating result€7k-€184k▲ 2,650%€37k▼ 79.9%€7k▼ 80.2%€57k▲ 674%
Net result€-4k-€463k€16k▼ 96.5%€-6k€30k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 674% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€490k▼ 18.2%
Current assets
€1.05M▲ 38.6%
Equity and liabilities €1.54M
Equity
€739k▲ 4.2%
Debt
€801k▲ 23.7%
The debt ratio rises from 47.7% to 52.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180k▲
2024 · €124k
Cash flow
€153k▲
2024 · €111k
Solvency
48.0%▼
2024 · 52.3%
Current ratio
1.78▼
2024 · 2.23
Quick ratio
1.34▼
2024 · 1.80
Debt / equity
1.08▲
2024 · 0.91
ROE
4.0%▲
2024 · -0.9%
ROA
1.9%▲
2024 · -0.4%
Interest coverage
14.55▲
2024 · 11.78
Debt
€801k▲
2024 · €647k
Debt ≤ 1 year
€590k▲
2024 · €339k
Debt > 1 year
€211k▼
2024 · €308k
Income taxes
€16k▲
2024 · €4k
Staff costs
€776k▲
2024 · €729k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.36M€1.54M▲
Fixed assets21/28€599k€490k▼
Tangible fixed assets22/27€598k€490k▼
Land and buildings22€222k€214k▼
Plant, machinery and equipment23€353k€257k▼
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€9k€8k▼
Financial fixed assets28€360€0▼
Current assets29/58€757k€1.05M▲
Stocks and contracts in progress3€147k€261k▲
Stocks30/36€147k€261k▲
Amounts receivable within one year40/41€445k€551k▲
Trade receivables40€415k€540k▲
Other amounts receivable41€29k€12k▼
Cash at bank and in hand54/58€160k€233k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.36M€1.54M▲
Equity10/15€709k€739k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€439k€439k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€433k€433k=
Profit (loss) carried forward14€208k€238k▲
Amounts payable17/49€647k€801k▲
Amounts payable after more than one year17€308k€211k▼
Financial debts170/4€308k€211k▼
Amounts payable within one year42/48€339k€590k▲
Current portion of amounts payable after more than one year42€105k€97k▼
Trade debts44€92k€340k▲
Suppliers440/4€92k€340k▲
Advances received on contracts in progress46€360€0▼
Taxes, remuneration and social security45€141k€153k▲
Taxes450/3€30k€30k▼
Remuneration and social security454/9€111k€123k▲
Other amounts payable47/48€378€512▲
Income statement
Code20242025
Remuneration, social security and pensions62€729k€776k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€123k▲
Other operating charges640/8€8k€6k▼
Non-recurring operating charges66A-€416
Gross operating margin9900€860k€963k▲
Operating profit (loss)9901€7k€57k▲
Financial income75/76B€775€2k▲
Recurring financial income75€775€2k▲
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€-2k€46k▲
Income taxes67/77€4k€16k▲
Profit (loss) for the period9904€-6k€30k▲
Profit (loss) for the period to be appropriated9905€-6k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€208k€238k▲
Profit (loss) brought forward from the previous period14P€214k€208k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908711.313.9▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Back to profitnet €463k
Net result €463k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €699k ▲136%
Equity rises from €296k to €699k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-49k ▼187%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Begijnendijk · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pannenhof 143130 BegijnendijkGround area
333 m²
Building footprint
177 m²
Volume, LiDAR
1,140 m³
Parcel 24007B0428/00E007, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pannenhof 14, 3130 Begijnendijk
since 19922.059.423.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24007B0428/00E007 | Flanders | 333 m² | 1 · 177 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 4 entries · 27,682 EUR awarded · 27,682 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,646 EUR | 2,646 EUR |
| 2024 | 1 | 7,646 EUR | 7,646 EUR |
| 2023 | 1 | 10,503 EUR | 10,503 EUR |
| 2022 | 1 | 6,887 EUR | 6,887 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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MELIOR MACHINES
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Of 108 companies in sector 25639 we hold annual accounts for 81. 61 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-10-1992
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
25639Manufacture of fabricated metal products, except machinery and equipment
28520
28620
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.