VERSTRAETE
ActiveVERSTRAETE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €3k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 73% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-39
Solvency87▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.2 in 2024; short-term debt: 33.6% and cash: 56.1% of total assets), and 38.1% 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 47
Relative position
BE, all sectors
reference
Sector 47
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
61.9%
Return on assets
6%
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 €31k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
45 d early
2023
36 d early
2022
31 d early
2021
37 d early
2020
37 d early
2019
51 d early
← 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, micro schema
Equity
€31k▲ 10.8%
2024 · €28k
2018: €66k
2019: €35k
2020: €12k
2021: €13k
2022: €33k
2023: €16k
2024: €28k
2018 → 2025
Total assets
€50k▼ 2.1%
2024 · €51k
2018: €98k
2019: €57k
2020: €35k
2021: €31k
2022: €75k
2023: €41k
2024: €51k
2018 → 2025
Net result
€3k▼ 78.2%
2024 · €14k
2018: €2k
2019: €-31k
2020: €-23k
2021: €1k
2022: €32k
2023: €-17k
2024: €14k
2018 → 2025
Working capital
€26k▲ 2.5%
2024 · €26k
2018: €53k
2019: €26k
2020: €9k
2021: €11k
2022: €35k
2023: €16k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€33k▲ 149%€16k▼ 52.0%€28k▲ 76.4%€31k▲ 10.8%
Operating result€4k-€39k▲ 928%€-13k€19k€9k▼ 54.0%
Net result€1k-€32k▲ 2,464%€-17k€14k€3k▼ 78.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€7k▲ 74.4%
Current assets
€43k▼ 8.5%
Equity and liabilities €50k
Equity
€31k▲ 10.8%
Debt
€19k▼ 17.7%
The debt ratio falls from 45.3% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €20k
Cash flow
€5k▼
2024 · €15k
Solvency
61.9%▲
2024 · 54.7%
Current ratio
2.56▲
2024 · 2.20
Quick ratio
1.97▲
2024 · 1.64
Debt / equity
0.62▼
2024 · 0.83
ROE
9.7%▼
2024 · 49.4%
ROA
6.0%▼
2024 · 27.0%
Interest coverage
1.81▼
2024 · 3.55
Debt
€19k▼
2024 · €23k
Debt ≤ 1 year
€17k▼
2024 · €21k
Staff costs
€18k▲
2024 · €16k
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€51k€50k▼
Fixed assets21/28€4k€7k▲
Intangible fixed assets21€572€192▼
Tangible fixed assets22/27€3k€7k▲
Plant, machinery and equipment23-€4k
Furniture and vehicles24€3k€3k▼
Current assets29/58€47k€43k▼
Stocks and contracts in progress3€12k€10k▼
Stocks30/36€12k€10k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€2k€801▼
Other amounts receivable41€47€493▲
Cash at bank and in hand54/58€29k€28k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€51k€50k▼
Equity10/15€28k€31k▲
Contributions10/11€6k€6k=
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-3k€-335▲
Amounts payable17/49€23k€19k▼
Amounts payable within one year42/48€21k€17k▼
Trade debts44€15k€14k▼
Suppliers440/4€15k€14k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€16k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€862€2k▲
Other operating charges640/8€722€770▲
Gross operating margin9900€37k€29k▼
Operating profit (loss)9901€19k€9k▼
Financial income75/76B€144€53▼
Recurring financial income75€144€53▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€14k€3k▼
Profit (loss) for the period9904€14k€3k▼
Profit (loss) for the period to be appropriated9905€14k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-335▲
Profit (loss) brought forward from the previous period14P€-17k€-3k▲
Transfer from equity791/2€2k-
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (8 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €32k ▲2464%
Operating result €39k, net result €32k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-31k ▼1945%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 1997
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.
Dorotheastraat 38200 BruggeGround area
359 m²
Building footprint
168 m²
Volume, LiDAR
991 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MOEDER BABELUTTE
since 19972.082.802.905
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0070/00N003 | Flanders | 281 m² | 1 · 90 m² | 7.8 m · 2 fl. |
| 31803C0179/00_000 | Flanders | 78 m² | 1 · 78 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.082.802.905
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GOCHOC BV
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Middelkerke · Eq €30k
BONBON CARAMEL
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Of 901 companies in sector 47242 we hold annual accounts for 340. 280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-1997
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
47242Retail sale of chocolate and confectionery
52240
Sources
Crossroads Bank for EnterprisesNational Bank · 29 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.
Contact details
1 entryPhone:0473642099