VERSTAEN-Projects
ActiveSummary
VERSTAEN-Projects has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €34,006. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
History
Go further with this company
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,732 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €179 | €70 | €761 | €2,252 | €40,936 | ▲ 1,718% |
| Gross operating margin9900 | €95,814 | €2,771 | -€23,622 | €38,979 | €92,472 | ▲ 137% |
| Operating profit (loss)9901 | €95,635 | €2,701 | -€24,383 | €36,726 | €51,537 | ▲ 40.3% |
| Financial income75/76B | €38,952 | €1 | €10,841 | €34,991 | €29,525 | ▼ 15.6% |
| Recurring financial income75 | €38,952 | €1 | €10,841 | €34,991 | €29,525 | ▼ 15.6% |
| Financial charges65/66B | €734 | €24 | €8,017 | €32,181 | €30,042 | ▼ 6.6% |
| Recurring financial charges65 | €734 | €24 | €8,017 | €32,181 | €30,042 | ▼ 6.6% |
| Profit (loss) for the period before taxes9903 | €133,853 | €2,678 | -€21,559 | €39,537 | €51,020 | ▲ 29.0% |
| Income taxes67/77 | €36,075 | €494 | -€487 | €8,497 | €17,014 | ▲ 100% |
| Profit (loss) for the period9904 | €97,778 | €2,184 | -€21,072 | €31,040 | €34,006 | ▲ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €97,778 | €2,184 | -€21,072 | €31,040 | €34,006 | ▲ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.9m | €2.1m | €2.4m | ▲ 11.1% |
| Fixed assets21/28 | €35,697 | €35,697 | €35,697 | €35,697 | €35,697 | = |
| Tangible fixed assets22/27 | €35,697 | €35,697 | €35,697 | €35,697 | €35,697 | = |
| Land and buildings22 | €35,697 | €35,697 | €35,697 | €35,697 | €35,697 | = |
| Current assets29/58 | €1.4m | €1.4m | €1.9m | €2.1m | €2.3m | ▲ 11.3% |
| Stocks and contracts in progress3 | - | - | €1.1m | €952,701 | €962,294 | ▲ 1.0% |
| Stocks30/36 | - | - | €1.1m | €952,701 | €962,294 | ▲ 1.0% |
| Amounts receivable within one year40/41 | - | - | €603,252 | €853,252 | €950,000 | ▲ 11.3% |
| Other amounts receivable41 | - | - | €603,252 | €853,252 | €950,000 | ▲ 11.3% |
| Current investments50/53 | €1.3m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €81,507 | €1.4m | €198,672 | €83,854 | €50,695 | ▼ 39.5% |
| Deferred charges and accrued income490/1 | - | - | - | €208,128 | €372,699 | ▲ 79.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.9m | €2.1m | €2.4m | ▲ 11.1% |
| Equity10/15 | €1.4m | €1.4m | €1.4m | €1.4m | €1.5m | ▲ 2.4% |
| Contributions10/11 | €219,386 | €219,386 | €219,386 | €219,386 | €219,386 | = |
| Capital10 | €219,386 | €219,386 | €219,386 | €219,386 | €219,386 | = |
| Issued capital100 | €219,386 | €219,386 | €219,386 | €219,386 | €219,386 | = |
| Reserves13 | €984,616 | €986,800 | €986,800 | €1.0m | €1.1m | ▲ 3.3% |
| Non-distributable reserves130/1 | €21,939 | €21,939 | €21,939 | €21,939 | €21,939 | = |
| Legal reserve130 | €21,939 | €21,939 | €21,939 | €21,939 | €21,939 | = |
| Distributable reserves133 | €962,677 | €964,861 | €964,861 | €995,901 | €1.0m | ▲ 3.4% |
| Profit (loss) carried forward14 | €213,135 | €213,135 | €192,063 | €192,063 | €192,063 | = |
| Amounts payable17/49 | €47,067 | €37,336 | €520,452 | €704,343 | €908,090 | ▲ 28.9% |
| Amounts payable after more than one year17 | - | - | €520,000 | €695,000 | €876,136 | ▲ 26.1% |
| Financial debts170/4 | - | - | €520,000 | €695,000 | €876,136 | ▲ 26.1% |
| Amounts payable within one year42/48 | €47,067 | €37,336 | €452 | €9,217 | €31,954 | ▲ 247% |
| Trade debts44 | - | - | - | - | €14,526 | - |
| Suppliers440/4 | - | - | - | - | €14,526 | - |
| Advances received on contracts in progress46 | €4,800 | - | - | €762 | - | - |
| Taxes, remuneration and social security45 | €41,500 | €36,569 | - | €8,003 | €16,976 | ▲ 112% |
| Taxes450/3 | €41,500 | €36,569 | - | €8,003 | €16,976 | ▲ 112% |
| Other amounts payable47/48 | €767 | €767 | €452 | €452 | €452 | = |
| Accrued charges and deferred income492/3 | - | - | - | €126 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,778 | €2,184 | -€21,072 | €31,040 | €34,006 | ▲ 9.6% |
| Operating cash flow (approximation) | €97,778 | €2,184 | -€21,072 | €31,040 | €34,006 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Change in cash | - | €1.3m | -€1.2m | -€114,818 | -€33,159 | ▲ 71.1% |
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
07-07
State Gazette act
Reappointment: Filip Verstaen (director)Resignation: Filip Verstaen (managing director) · Power of attorney5 facts ▸
- General meeting, 03-06-2024
- Director reappointment, Filip Verstaen (director)
- Power of attorney, Wouter Massez
- Board meeting, 03-06-2024
- Director resignation, Filip Verstaen (managing director)
Show earlier events
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31009C0006/00Y000 | Flanders | 7,394 m² | 1 · 414 m² | 11.9 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Filip Verstaen |
|
Articles of association
Full text
onderhavige besluiten. Uit de notulen van de raad van bestuur dd. 3 juni 2024 blijkt het volgende: De enige bestuurder van de vennootschap en tevens gedelegeerd bestuurder, de heer Filip Verstaen. besluit zijn mandaat als gedelegeerd bestuurder te beëindigen vanaf huidige besluitvorming. De vennootschap wordt bijgevolg enkel door haar enige bestuurder vertegenwoordigd. Er zal geen gedelegeerd bestuurder meer zijn vanaf heden. De raad van bestuur besluit om aan Wouter Massez en elke andere medewerker van AXXI BV (met kantoor te 8520 Kuurne, Brugsesteenweg 513) de meest uitgebreide bevoegdheden toe te kennen om - elk en alleen handelend, in naam en voor rekening van de vennootschap - alle neerleggingen en publicaties te
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Similar companies · same sector, comparable size
Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.