VERSTIMMO
ActiveSummary
VERSTIMMO has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31.6m and a net result of €6.6m. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 88% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency100=
Growth35▲+13
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 7.03 against 8.99 in 2024; short-term debt: 5.2% and cash: 0.9% of total assets), and 8.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
91.5%
Return on assets
19%
Age of the figures
9 mo
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 €31.6m
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
28 d early
2023
41 d early
2022
4 d early
2021
6 d early
2020
66 d early
2019
72 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 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 15 July (4 of the last 4 filed years within 30 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
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Pittem, Real estate sector#1 company by equity in Pittem, Real estate sector#1 oldest company in Pittem, Real estate sector
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.7m▼ 50.8%
2024 · €3.5m
EBIT margin
505.2%▲ 211.4pp
2024 · 293.8%
Net result
€6.6m▼ 15.2%
2024 · €7.7m
Working capital
€10.8m▲ 33.5%
2024 · €8.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Turnover€415,286▼ 99.6%€1.5m▲ 253%€3.5m€1.7m▼ 50.8%
Operating result€205,022▼ 84.2%€487,374▲ 138%€473,599▼ 2.8%€10.3m▲ 2,079%€8.7m▼ 15.4%
Net result€250,394above the sector's middle half▼ 73.9%€418,925above the sector's middle half▲ 67.3%€383,309above the sector's middle half▼ 8.5%€7.7mabove the sector's middle half▲ 1,922%€6.6mabove the sector's middle half▼ 15.2%
EBIT margin49.4%▲ 48.1pp33.3%▼ 16.1pp293.8%505.2%▲ 211.4pp
Equity€14.1mabove the sector's middle half▼ 50.0%€15.8mabove the sector's middle half▲ 12.2%€16.2mabove the sector's middle half▲ 2.4%€25.1mabove the sector's middle half▲ 54.8%€31.6mabove the sector's middle half▲ 26.2%
Total assets€14.2mabove the sector's middle half▼ 65.7%€17.9mabove the sector's middle half▲ 26.0%€19.0mabove the sector's middle half▲ 6.3%€27.3mabove the sector's middle half▲ 43.8%€34.6mabove the sector's middle half▲ 26.5%
Debt€100,286▼ 99.2%€2.1m▲ 1,966%€2.8m▲ 35.7%€2.3m▼ 19.2%€2.9m▲ 29.7%
Working capital€11.9mabove the sector's middle half▼ 46.9%€8.6mabove the sector's middle half▼ 27.9%€4.7mabove the sector's middle half▼ 44.9%€8.1mabove the sector's middle half▲ 71.1%€10.8mabove the sector's middle half▲ 33.5%
Solvency99.3%above the sector's middle half▲ 31.1pp88.4%above the sector's middle half▼ 10.9pp85.2%above the sector's middle half▼ 3.2pp91.7%above the sector's middle half▲ 6.5pp91.5%above the sector's middle half▼ 0.2pp
Current ratio45.03above the sector's middle half4.28above the sector's middle half▼ 40.768.99above the sector's middle half▲ 4.727.03above the sector's middle half▼ 1.96
Return on assets (ROA)1.8%within the sector's middle half▼ 0.6pp2.3%within the sector's middle half▲ 0.6pp2.0%within the sector's middle half▼ 0.3pp28.3%above the sector's middle half▲ 26.3pp19.0%above the sector's middle half▼ 9.3pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +1,922% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
- 2022 Turnover +253%, Net result +67% on 2021. This fiscal year ran 14 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.6m
Fixed assets
€22.0m ▲ 20.6%
Current assets
€12.6m ▲ 38.3%
Equity and liabilities €34.6m
Equity
€31.6m ▲ 26.2%
Provisions
€85 ▼ 50.7%
Debt
€2.9m ▲ 29.7%
Debt's share of the balance-sheet total rises from 8.3% to 8.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9.7m▼
2024 · €11.3m
Cash flow
€7.5m▼
2024 · €8.7m
Debt to equity
0.09▲
2024 · 0.09
ROE
20.8%▼
2024 · 30.9%
Interest coverage
326.19▼
2024 · 373.43
Debt ≤ 1 year
€1.8m▲
2024 · €1.0m
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€2.2m▼
2024 · €2.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0%
went bankrupt
2.5%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 321 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €415,286 | €1.5m | - | €11.6m | €10.1m | ▼ 12.8% |
| Turnover70 | €415,286 | €1.5m | - | €3.5m | €1.7m | ▼ 50.8% |
| Other operating income74 | - | €60,334 | - | €8.0m | €8.4m | ▲ 3.8% |
| Operating charges60/66A | €210,264 | €1.0m | - | €1.2m | €1.4m | ▲ 9.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €3,282 | €0 | ▼ 100% |
| Purchases600/8 | - | - | - | €3,282 | €0 | ▼ 100% |
| Services and other goods61 | €18,103 | €272,275 | - | €245,372 | €322,394 | ▲ 31.4% |
| Remuneration, social security and pensions62 | - | €556 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €167,659 | €426,094 | €569,719 | €936,347 | €941,269 | ▲ 0.5% |
| Other operating charges640/8 | €24,502 | €44,044 | €48,873 | €57,587 | €92,786 | ▲ 61.1% |
| Non-recurring operating charges66A | - | €295,170 | €22,753 | €0 | - | - |
| Gross operating margin9900 | - | - | €1.1m | - | - | - |
| Operating profit (loss)9901 | €205,022 | €487,374 | €473,599 | €10.3m | €8.7m | ▼ 15.4% |
| Financial income75/76B | €96,498 | €97,252 | €74,343 | €44,830 | €71,396 | ▲ 59.3% |
| Recurring financial income75 | €96,498 | €97,252 | €74,343 | €44,830 | €71,396 | ▲ 59.3% |
| Income from financial fixed assets750 | - | - | - | €0 | €5 | - |
| Income from current assets751 | €96,498 | €97,252 | - | €43,172 | €55,002 | ▲ 27.4% |
| Other financial income752/9 | - | - | - | €1,658 | €16,389 | ▲ 888% |
| Financial charges65/66B | €982 | €24,751 | €22,224 | €32,589 | €33,538 | ▲ 2.9% |
| Recurring financial charges65 | €982 | €24,751 | €22,224 | €32,589 | €33,538 | ▲ 2.9% |
| Debt charges650 | - | €23,629 | - | €30,138 | €29,644 | ▼ 1.6% |
| Other financial charges652/9 | €982 | €1,122 | - | €2,452 | €3,894 | ▲ 58.8% |
| Profit (loss) for the period before taxes9903 | €300,538 | €559,875 | €525,718 | €10.3m | €8.8m | ▼ 15.1% |
| Transfer from deferred taxes780 | - | - | - | €87 | €87 | = |
| Income taxes67/77 | €50,144 | €140,950 | €142,410 | €2.6m | €2.2m | ▼ 15.1% |
| Taxes670/3 | €50,144 | €140,950 | - | €2.6m | €2.2m | ▼ 15.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €5,225 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €250,394 | €418,925 | €383,309 | €7.7m | €6.6m | ▼ 15.2% |
| Transfer to tax-exempt reserves689 | - | - | €185,240 | €999,997 | €999,997 | = |
| Profit (loss) for the period to be appropriated9905 | €250,394 | €418,925 | €198,069 | €6.7m | €5.6m | ▼ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.2m | €17.9m | €19.0m | €27.3m | €34.6m | ▲ 26.5% |
| Fixed assets21/28 | €2.2m | €9.1m | €12.8m | €18.2m | €22.0m | ▲ 20.6% |
| Tangible fixed assets22/27 | €2.2m | €9.1m | €12.8m | €18.2m | €22.0m | ▲ 20.6% |
| Land and buildings22 | €2.1m | €8.8m | €11.4m | €17.9m | €21.6m | ▲ 21.1% |
| Plant, machinery and equipment23 | €84,799 | €241,668 | €295,328 | €350,820 | €326,780 | ▼ 6.9% |
| Assets under construction and advance payments27 | - | €84,471 | €1.1m | €0 | - | - |
| Financial fixed assets28 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Other financial fixed assets284/8 | - | €1,500 | - | €1,500 | €1,500 | = |
| Amounts receivable and cash guarantees285/8 | - | €1,500 | - | €1,500 | €1,500 | = |
| Current assets29/58 | €12.0m | €8.8m | €6.2m | €9.1m | €12.6m | ▲ 38.3% |
| Amounts receivable after more than one year29 | €6.0m | €909,197 | €0 | - | - | - |
| Other amounts receivable291 | €6.0m | €909,197 | €0 | - | - | - |
| Stocks and contracts in progress3 | - | €0 | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €5.6m | €6.1m | €5.6m | €6.3m | €3.2m | ▼ 50.0% |
| Trade receivables40 | €19,333 | €319,431 | €256,951 | €4.2m | €2.5m | ▼ 39.9% |
| Other amounts receivable41 | €5.6m | €5.8m | €5.4m | €2.1m | €649,905 | ▼ 69.6% |
| Current investments50/53 | - | - | - | - | €9.1m | - |
| Other investments51/53 | - | - | - | - | €9.1m | - |
| Cash at bank and in hand54/58 | €433,468 | €1.7m | €556,478 | €2.7m | €297,417 | ▼ 89.1% |
| Deferred charges and accrued income490/1 | €7,708 | €18,962 | €1,595 | €59,244 | €34,428 | ▼ 41.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.2m | €17.9m | €19.0m | €27.3m | €34.6m | ▲ 26.5% |
| Equity10/15 | €14.1m | €15.8m | €16.2m | €25.1m | €31.6m | ▲ 26.2% |
| Contributions10/11 | €9,200 | €164,986 | €164,986 | €809,501 | €809,501 | = |
| Reserves13 | €14.1m | €15.6m | €16.0m | €24.3m | €30.8m | ▲ 27.1% |
| Non-distributable reserves130/1 | €920 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €920 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €10.3m | €10.5m | €10.7m | €11.9m | €12.9m | ▲ 8.4% |
| Distributable reserves133 | €3.7m | €5.2m | €5.4m | €12.3m | €17.9m | ▲ 45.2% |
| Investment grants15 | - | - | - | €3,320 | €1,661 | ▼ 50.0% |
| Provisions and deferred taxes16 | - | - | - | €172 | €85 | ▼ 50.7% |
| Deferred taxes168 | - | - | - | €172 | €85 | ▼ 50.7% |
| Amounts payable17/49 | €100,286 | €2.1m | €2.8m | €2.3m | €2.9m | ▲ 29.7% |
| Amounts payable after more than one year17 | - | €1.9m | €1.3m | €1.2m | €1.1m | ▼ 8.6% |
| Financial debts170/4 | - | €1.9m | €1.3m | €1.2m | €1.1m | ▼ 8.6% |
| Credit institutions173 | - | €1.4m | - | €1.2m | €1.1m | ▼ 8.6% |
| Other loans174 | - | €432,413 | - | - | - | - |
| Amounts payable within one year42/48 | €100,286 | €195,328 | €1.4m | €1.0m | €1.8m | ▲ 76.8% |
| Current portion of amounts payable after more than one year42 | - | €103,509 | €104,547 | €105,596 | €115,495 | ▲ 9.4% |
| Trade debts44 | - | €36,966 | €64,166 | €272,744 | €197,062 | ▼ 27.7% |
| Suppliers440/4 | - | €36,966 | €64,166 | €272,744 | €197,062 | ▼ 27.7% |
| Taxes, remuneration and social security45 | €286 | €23,523 | €122,913 | €50,351 | €246,062 | ▲ 389% |
| Taxes450/3 | €286 | €23,523 | €122,913 | €50,351 | €246,062 | ▲ 389% |
| Other amounts payable47/48 | €100,000 | €31,330 | €1.2m | €586,074 | €1.2m | ▲ 111% |
| Accrued charges and deferred income492/3 | - | - | €24,243 | €22,144 | €23,482 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €250,394 | €418,925 | €383,309 | €7.7m | €6.6m | ▼ 15.2% |
| + Depreciation and write-downs630 | €167,659 | €426,094 | €569,719 | €936,347 | €941,269 | ▲ 0.5% |
| Operating cash flow (approximation) | €418,053 | €845,019 | €953,028 | €8.7m | €7.5m | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€7.3m | -€4.3m | -€6.3m | -€4.7m | ▲ 25.9% |
| Change in cash | - | €1.3m | -€1.2m | €2.2m | -€2.4m | ▼ 212% |
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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
26-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 8.99
Current ratio from 4.28 to 8.99; short-term debt falls from €1.4m to €1.0m.
31-12
Financial
Equity above €25mEq €25.1m ▲54.8%
7 profitable years in a row build equity to €25.1m.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-10
Financial
Weakest financial yearnet €250,394 ▼73.9%
Net result drops to €250,394, the lowest in the series; recovery starts the following year.
31-10
Financial
Liquidity times 44current ratio 119.95
Current ratio from 2.71 to 119.95; short-term debt falls from €13.2m to €100,286.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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, Pittem · 1 establishment unit since 1978
Ground area
2,233 m²
Building footprint
460 m²
Volume, LiDAR
2,265 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
VERSTIMMO
since 19782.014.433.345
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37011D1459/00C002 | Flanders | 1,561 m² | 1 · 227 m² | 8.7 m · 2 fl. |
| 37011C0264/00R000 | Flanders | 672 m² | 1 · 233 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- GROEP VERVAEKE
- VERSTIMMO
Highest known parent: GROEP VERVAEKE. The sources do not say who stands above it.
Owners 1
- GROEP VERVAEKEparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
Similar companies · same sector, comparable size
BRUCHO
BE 0476.052.145
Geel · Eq €31.6m
Immobilière Sem
BE 0420.838.359
Brussel · Eq €31.9m
WILLY VAN DOORNE INTERNATIONAL
BE 0414.464.172
Schilde · Eq €32.4m
L'Habitation Moderne-De Moderne Woning
BE 0401.967.505
Sint-Lambrechts-Woluwe · Eq €32.7m
VASTGOED NOORD
BE 0443.549.029
Gent · Eq €32.8m
Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 911 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
Founded26-12-1973
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0413850104
Registered
27-03-2026
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.