VERSTRAETE CONSTRUCT
ActiveVERSTRAETE CONSTRUCT has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €678k and a net result of €77k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 18.21 against 8.89 in 2024; short-term debt: 5% and cash: 43.5% of total assets), and 5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
95%
Return on assets
10.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
4 d early
2023
on the day
2022
31 d early
2021
3 d early
2020
6 d late
2019
34 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€678k▲ 10.9%
2024 · €612k
2018: €464k
2019: €500k
2020: €549k
2021: €494k
2022: €559k
2023: €577k
2024: €612k
2018 → 2025
Total assets
€715k▲ 4.8%
2024 · €682k
2018: €504k
2019: €552k
2020: €584k
2021: €629k
2022: €621k
2023: €697k
2024: €682k
2018 → 2025
Net result
€77k▼ 3.9%
2024 · €80k
2018: €37k
2019: €36k
2020: €50k
2021: €38k
2022: €75k
2023: €69k
2024: €80k
2018 → 2025
Working capital
€621k▲ 12.1%
2024 · €554k
2018: €408k
2019: €452k
2020: €509k
2021: €445k
2022: €499k
2023: €522k
2024: €554k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€494k-€559k▲ 13.2%€577k▲ 3.2%€612k▲ 5.9%€678k▲ 10.9%
Operating result€53k-€103k▲ 93.7%€93k▼ 10.1%€107k▲ 15.4%€87k▼ 18.3%
Net result€38k-€75k▲ 97.1%€69k▼ 8.6%€80k▲ 15.9%€77k▼ 3.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €715k
Fixed assets
€58k▼ 0.6%
Current assets
€657k▲ 5.3%
Equity and liabilities €715k
Equity
€678k▲ 10.9%
Debt
€36k▼ 48.6%
The debt ratio falls from 10.3% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▼
2024 · €113k
Cash flow
€84k▼
2024 · €86k
Solvency
95.0%▲
2024 · 89.7%
Current ratio
18.21▲
2024 · 8.89
Quick ratio
14.09▲
2024 · 6.96
Debt / equity
0.05▼
2024 · 0.11
ROE
11.3%▼
2024 · 13.1%
ROA
10.8%▼
2024 · 11.7%
Interest coverage
50.91▼
2024 · 73.85
Debt
€36k▼
2024 · €70k
Debt ≤ 1 year
€36k▼
2024 · €70k
Income taxes
€23k▼
2024 · €27k
Staff costs
€42k▲
2024 · €38k
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€682k€715k▲
Fixed assets21/28€58k€58k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€58k€58k▼
Land and buildings22€45k€44k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€2k€6k▲
Current assets29/58€624k€657k▲
Stocks and contracts in progress3€136k€149k▲
Stocks30/36€136k€149k▲
Amounts receivable within one year40/41€84k€107k▲
Trade receivables40€81k€99k▲
Other amounts receivable41€4k€8k▲
Current investments50/53€154k€91k▼
Cash at bank and in hand54/58€251k€310k▲
Equity and liabilities
Total equity and liabilities10/49€682k€715k▲
Equity10/15€612k€678k▲
Contributions10/11€132k€132k=
Reserves13€480k€547k▲
Non-distributable reserves130/1€13k€13k=
Reserves not available under the articles1311€13k€13k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€465k€532k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€70k€36k▼
Amounts payable within one year42/48€70k€36k▼
Trade debts44€18k€17k▼
Suppliers440/4€18k€17k▼
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€595€3k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€47k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62€38k€42k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€193
Other operating charges640/8€6k€6k▲
Gross operating margin9900€156k€142k▼
Operating profit (loss)9901€107k€87k▼
Financial income75/76B€1k€14k▲
Recurring financial income75€1k€14k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€107k€100k▼
Income taxes67/77€27k€23k▼
Profit (loss) for the period9904€80k€77k▼
Profit (loss) for the period to be appropriated9905€80k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€77k▼
Transfer from equity791/2€36k€0▼
Transfer to equity691/2€70k€67k▼
To other reserves6921€70k€67k▼
Profit to be distributed694/7€46k€10k▼
Return on contributions (dividend)694€36k€0▼
Directors or managers695€10k€10k=
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 18.21
Current ratio from 8.89 to 18.21; short-term debt falls from €70k to €36k.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €80k ▲15.9%
Operating result €107k, net result €80k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 9.08
Current ratio from 4.30 to 9.08; short-term debt falls from €135k to €62k.
31-12
Financial
Equity above €500kEq €559k ▲13.2%
5 profitable years in a row build equity to €559k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Equity above €500kEq €549k ▲9.9%
3 profitable years in a row build equity to €549k.
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €36k ▼4.2%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
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, Pittem · 1 establishment unit since 1974
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.
Baertstraat 278740 PittemGround area
572 m²
Building footprint
172 m²
Volume, LiDAR
1,018 m³
Parcel 37003B0706/00E002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Baertstraat 27, 8740 Pittem
since 19742.009.364.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003B0706/00E002 | Flanders | 572 m² | 1 · 171 m² | 6.8 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
2023 to 2025 · 3 entries · 555 EUR awarded · 654 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 267 EUR | 267 EUR |
| 2024 | 1 | 0 EUR | 288 EUR |
| 2023 | 1 | 288 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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VERHELLE
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Of 828 companies in sector 46620 we hold annual accounts for 642. 524 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-01-1974
Fiscal year end31-12
Activities, NACEBEL
28300Manufacture of machinery and equipment not elsewhere classified
29321
46620Wholesale of machine tools
29310
29322
33120Repair and maintenance of machinery
43221Plumbing work
45332
47552Retail sale of lighting equipment
47592Retail trade
47761Retail sale of flowers, plants, seeds and fertilisers
52442
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.