Verstek
ActiveSummary
The computed 12-month bankruptcy probability of Verstek is 1.8% (moderate). The 2025 annual accounts show equity of €127,045 and a net result of €58,847. Equity is growing by ~54.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 7598 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+25
Solvency93▲+46
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.13 against 1.54 in 2024; short-term debt: 30.4% and cash: 79.9% of total assets), and 32% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
68%
Return on assets
31.5%
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 14-08-2026, 14 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 · 3 filingsDeviation from the deadline
2025
14 d late
2024
12 d late
2023
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 12 August (3 of the last 3 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€127,045▲ 86.3%
2024 · €68,198
Total assets
€186,763▼ 40.6%
2024 · €314,635
Net result
€58,847▲ 294%
2024 · €14,944
Working capital
€120,884▲ 14.3%
2024 · €105,781
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line202320242025
Operating result€58,636-€16,331▼ 72.1%€84,503▲ 417%
Net result€48,254above the sector's middle half-€14,944within the sector's middle half▼ 69.0%€58,847above the sector's middle half▲ 294%
Equity€53,254within the sector's middle half-€68,198within the sector's middle half▲ 28.1%€127,045above the sector's middle half▲ 86.3%
Total assets€124,842within the sector's middle half-€314,635above the sector's middle half▲ 152%€186,763within the sector's middle half▼ 40.6%
Debt€71,589-€246,437▲ 244%€59,718▼ 75.8%
Working capital€49,773within the sector's middle half-€105,781above the sector's middle half▲ 113%€120,884above the sector's middle half▲ 14.3%
Solvency42.7%within the sector's middle half-21.7%within the sector's middle half▼ 21.0pp68.0%above the sector's middle half▲ 46.3pp
Current ratio1.84within the sector's middle half-1.54within the sector's middle half▼ 0.303.13above the sector's middle half▲ 1.59
Return on assets (ROA)38.7%above the sector's middle half-4.7%within the sector's middle half▼ 33.9pp31.5%above the sector's middle half▲ 26.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 417% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186,763
Fixed assets
€9,056 ▼ 21.7%
Current assets
€177,707 ▼ 41.4%
Equity and liabilities €186,763
Equity
€127,045 ▲ 86.3%
Debt
€59,718 ▼ 75.8%
Debt's share of the balance-sheet total falls from 78.3% to 32.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89,108▲
2024 · €20,928
Cash flow
€63,452▲
2024 · €19,541
Debt to equity
0.47▼
2024 · 3.61
ROE
46.3%▲
2024 · 21.9%
Interest coverage
9.52▼
2024 · 17.39
Debt ≤ 1 year
€56,823▼
2024 · €197,289
Debt > 1 year
€2,486▼
2024 · €48,984
Income taxes
€16,579▲
2024 · €5,278
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,338 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% | 1.9% |
| 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,759 | €4,597 | €4,605 | ▲ 0.2% |
| Other operating charges640/8 | €1,508 | €887 | €2,606 | ▲ 194% |
| Non-recurring operating charges66A | - | - | €398 | - |
| Gross operating margin9900 | €67,902 | €21,816 | €92,112 | ▲ 322% |
| Operating profit (loss)9901 | €58,636 | €16,331 | €84,503 | ▲ 417% |
| Financial income75/76B | €4,433 | €5,094 | €280 | ▼ 94.5% |
| Recurring financial income75 | €4,433 | €5,094 | €280 | ▼ 94.5% |
| Financial charges65/66B | €863 | €1,204 | €9,357 | ▲ 677% |
| Recurring financial charges65 | €863 | €1,204 | €9,357 | ▲ 677% |
| Profit (loss) for the period before taxes9903 | €62,206 | €20,222 | €75,426 | ▲ 273% |
| Income taxes67/77 | €13,952 | €5,278 | €16,579 | ▲ 214% |
| Profit (loss) for the period9904 | €48,254 | €14,944 | €58,847 | ▲ 294% |
| Profit (loss) for the period to be appropriated9905 | €48,254 | €14,944 | €58,847 | ▲ 294% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €124,842 | €314,635 | €186,763 | ▼ 40.6% |
| Fixed assets21/28 | €15,667 | €11,565 | €9,056 | ▼ 21.7% |
| Tangible fixed assets22/27 | €15,667 | €11,565 | €9,056 | ▼ 21.7% |
| Furniture and vehicles24 | €15,667 | €11,565 | €9,056 | ▼ 21.7% |
| Current assets29/58 | €109,175 | €303,070 | €177,707 | ▼ 41.4% |
| Stocks and contracts in progress3 | - | €263,930 | €0 | ▼ 100% |
| Stocks30/36 | - | €263,930 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €51,602 | €4,967 | €27,639 | ▲ 456% |
| Trade receivables40 | €51,594 | €4,689 | €27,636 | ▲ 489% |
| Other amounts receivable41 | €9 | €277 | €4 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €56,945 | €33,274 | €149,145 | ▲ 348% |
| Deferred charges and accrued income490/1 | €628 | €899 | €922 | ▲ 2.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €124,842 | €314,635 | €186,763 | ▼ 40.6% |
| Equity10/15 | €53,254 | €68,198 | €127,045 | ▲ 86.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | €63,198 | €122,045 | ▲ 93.1% |
| Distributable reserves133 | - | €63,198 | €122,045 | ▲ 93.1% |
| Profit (loss) carried forward14 | €48,254 | €0 | - | - |
| Amounts payable17/49 | €71,589 | €246,437 | €59,718 | ▼ 75.8% |
| Amounts payable after more than one year17 | €12,187 | €48,984 | €2,486 | ▼ 94.9% |
| Financial debts170/4 | €12,187 | €48,984 | €2,486 | ▼ 94.9% |
| Amounts payable within one year42/48 | €59,402 | €197,289 | €56,823 | ▼ 71.2% |
| Current portion of amounts payable after more than one year42 | €4,709 | €4,803 | €4,898 | ▲ 2.0% |
| Financial debts43 | - | €161,896 | €19 | ▼ 100.0% |
| Credit institutions430/8 | - | €161,896 | €19 | ▼ 100.0% |
| Trade debts44 | €26,880 | €9,156 | €1,197 | ▼ 86.9% |
| Suppliers440/4 | €26,880 | €9,156 | €1,197 | ▼ 86.9% |
| Taxes, remuneration and social security45 | €21,890 | €9,176 | €29,700 | ▲ 224% |
| Taxes450/3 | €19,890 | €7,176 | €27,700 | ▲ 286% |
| Remuneration and social security454/9 | €2,000 | €2,000 | €2,000 | = |
| Other amounts payable47/48 | €5,923 | €12,259 | €21,009 | ▲ 71.4% |
| Accrued charges and deferred income492/3 | - | €165 | €410 | ▲ 149% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,254 | €14,944 | €58,847 | ▲ 294% |
| + Depreciation and write-downs630 | €7,759 | €4,597 | €4,605 | ▲ 0.2% |
| Operating cash flow (approximation) | €56,013 | €19,541 | €63,452 | ▲ 225% |
| Investment in fixed assets (approximation) | - | -€495 | -€2,097 | ▼ 324% |
| Change in cash | - | -€23,670 | €115,871 | ▲ 590% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Highest result since 2023net €58,847 ▲294%
Operating result €84,503, net result €58,847, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.13
Current ratio from 1.54 to 3.13; short-term debt falls from €197,289 to €56,823.
31-12
Financial
Equity above €100,000Eq €127,045 ▲86.3%
3 profitable years in a row build equity to €127,045.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet €14,944 ▼69%
Net result drops to €14,944, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Gent · 1 establishment unit since 2022
Ground area
157 m²
Building footprint
69 m²
Volume, LiDAR
803 m³
Parcel 44432C0978/00Y009, Flanders · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Verstek
since 20222.334.875.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0978/00Y009 | Flanders | 157 m² | 1 · 69 m² | 16.3 m · 4 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,901 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
Founded07-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
Contact
Website
www.verstek.be
E-mail
info@verstek.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784622607
Also
9925:BE0784622607
Registered
14-03-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.