VERSTRAETE DEVELOPMENT
ActiveSummary
VERSTRAETE DEVELOPMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,473) and a net result of -€20,683. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+5
Solvency22▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 9.24 against 6.85 in 2024; short-term debt: 9.2% and cash: 2.3% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.5%
Return on assets
-3.2%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€16,473
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
17 d early
2023
16 d early
2022
26 d early
2021
20 d early
2020
16 d early
2019
28 d late
← 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 12 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 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€16,473
2024 · €4,209
Total assets
€653,559▲ 86.3%
2024 · €350,876
Net result
-€20,683▼ 14.1%
2024 · -€18,131
Working capital
€495,485▲ 65.4%
2024 · €299,630
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
Operating result€22,730▼ 98.9%€29,360▲ 29.2%€4,224▼ 85.6%-€6,497€2,174
Net result€21,917within the sector's middle half▼ 98.6%€25,118within the sector's middle half▲ 14.6%€1,503within the sector's middle half▼ 94.0%-€18,131within the sector's middle half-€20,683below the sector's middle half▼ 14.1%
Equity€20,719below the sector's middle half▼ 5.0%€20,837below the sector's middle half▲ 0.6%€22,340below the sector's middle half▲ 7.2%€4,209below the sector's middle half▼ 81.2%-€16,473below the sector's middle half
Total assets€386,211below the sector's middle half▼ 35.2%€259,540below the sector's middle half▼ 32.8%€408,345below the sector's middle half▲ 57.3%€350,876below the sector's middle half▼ 14.1%€653,559within the sector's middle half▲ 86.3%
Debt€153,492▼ 54.5%€51,203▼ 66.6%€223,005▲ 336%€208,166▼ 6.7%€556,033▲ 167%
Working capital€232,719within the sector's middle half▼ 9.9%€208,337within the sector's middle half▼ 10.5%€378,268within the sector's middle half▲ 81.6%€299,630within the sector's middle half▼ 20.8%€495,485above the sector's middle half▲ 65.4%
Solvency5.4%below the sector's middle half▲ 1.7pp8.0%below the sector's middle half▲ 2.7pp5.5%below the sector's middle half▼ 2.6pp1.2%below the sector's middle half▼ 4.3pp-2.5%below the sector's middle half▼ 3.7pp
Current ratio2.52within the sector's middle half▲ 0.755.07above the sector's middle half▲ 2.5513.58above the sector's middle half▲ 8.516.85above the sector's middle half▼ 6.739.24above the sector's middle half▲ 2.39
Return on assets (ROA)5.7%within the sector's middle half▼ 264.7pp9.7%above the sector's middle half▲ 4.0pp0.4%within the sector's middle half▼ 9.3pp-5.2%below the sector's middle half▼ 5.5pp-3.2%below the sector's middle half▲ 2.0pp
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.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,174 after a loss of €6,497 in 2024.
Balance-sheet composition
Assets €653,559
Fixed assets
€97,938
Current assets
€555,621
Key figures and ratios
Quick ratio
0.44▼
2024 · 1.35
Debt to equity
-33.75▼
2024 · 49.45
Debt ≤ 1 year
€60,136▲
2024 · €51,246
Debt > 1 year
€495,897▲
2024 · €155,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 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 1,216 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 |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€3,000 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€24,500 | -€24,500 | -€24,500 | -€24,500 | -€24,500 | = |
| Other operating charges640/8 | €868 | €1,210 | €3,014 | €637 | €12,894 | ▲ 1,923% |
| Gross operating margin9900 | -€902 | €6,070 | -€20,262 | -€30,359 | -€9,432 | ▲ 68.9% |
| Operating profit (loss)9901 | €22,730 | €29,360 | €4,224 | -€6,497 | €2,174 | ▲ 133% |
| Financial income75/76B | €7,079 | €4,280 | €4,202 | €1,014 | - | - |
| Recurring financial income75 | €7,079 | €4,280 | €4,202 | €1,014 | - | - |
| Financial charges65/66B | €630 | €150 | €6,376 | €12,606 | €22,857 | ▲ 81.3% |
| Recurring financial charges65 | €630 | €150 | €6,376 | €12,606 | €22,857 | ▲ 81.3% |
| Profit (loss) for the period before taxes9903 | €29,179 | €33,490 | €2,050 | -€18,088 | -€20,683 | ▼ 14.3% |
| Income taxes67/77 | €7,263 | €8,373 | €547 | €42 | - | - |
| Profit (loss) for the period9904 | €21,917 | €25,118 | €1,503 | -€18,131 | -€20,683 | ▼ 14.1% |
| Profit (loss) for the period to be appropriated9905 | €21,917 | €25,118 | €1,503 | -€18,131 | -€20,683 | ▼ 14.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386,211 | €259,540 | €408,345 | €350,876 | €653,559 | ▲ 86.3% |
| Fixed assets21/28 | - | - | - | - | €97,938 | - |
| Financial fixed assets28 | - | - | - | - | €97,938 | - |
| Current assets29/58 | €386,211 | €259,540 | €408,345 | €350,876 | €555,621 | ▲ 58.4% |
| Amounts receivable after more than one year29 | €307,312 | €223,635 | €202,837 | - | - | - |
| Other amounts receivable291 | €307,312 | €223,635 | €202,837 | - | - | - |
| Stocks and contracts in progress3 | €40,615 | €17,400 | €166,149 | €281,675 | €529,439 | ▲ 88.0% |
| Stocks30/36 | €40,615 | €17,400 | €166,149 | €281,675 | €529,439 | ▲ 88.0% |
| Amounts receivable within one year40/41 | €350 | €4,492 | €35,446 | €68,764 | €9,034 | ▼ 86.9% |
| Trade receivables40 | - | €247 | - | €1,190 | - | - |
| Other amounts receivable41 | €350 | €4,245 | €35,446 | €67,574 | €9,034 | ▼ 86.6% |
| Cash at bank and in hand54/58 | €37,933 | €12,863 | €313 | €436 | €15,198 | ▲ 3,385% |
| Deferred charges and accrued income490/1 | - | €1,150 | €3,600 | - | €1,950 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386,211 | €259,540 | €408,345 | €350,876 | €653,559 | ▲ 86.3% |
| Equity10/15 | €20,719 | €20,837 | €22,340 | €4,209 | -€16,473 | ▼ 491% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,119 | €2,237 | €3,740 | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €259 | €377 | €3,740 | - | - | - |
| Profit (loss) carried forward14 | - | - | - | -€14,391 | -€35,073 | ▼ 144% |
| Provisions and deferred taxes16 | €212,000 | €187,500 | €163,000 | €138,500 | €114,000 | ▼ 17.7% |
| Provisions for liabilities and charges160/5 | €212,000 | €187,500 | €163,000 | €138,500 | €114,000 | ▼ 17.7% |
| Other liabilities and charges164/5 | €212,000 | €187,500 | €163,000 | €138,500 | €114,000 | ▼ 17.7% |
| Amounts payable17/49 | €153,492 | €51,203 | €223,005 | €208,166 | €556,033 | ▲ 167% |
| Amounts payable after more than one year17 | - | - | €191,519 | €155,798 | €495,897 | ▲ 218% |
| Financial debts170/4 | - | - | €191,519 | €155,798 | €495,897 | ▲ 218% |
| Amounts payable within one year42/48 | €153,492 | €51,203 | €30,077 | €51,246 | €60,136 | ▲ 17.3% |
| Trade debts44 | €6,303 | €24,258 | €27,907 | €51,246 | €60,136 | ▲ 17.3% |
| Suppliers440/4 | €6,303 | €24,258 | €27,907 | €51,246 | €60,136 | ▲ 17.3% |
| Taxes, remuneration and social security45 | €124,188 | €1,945 | €2,170 | - | - | - |
| Taxes450/3 | €124,188 | €1,945 | €2,170 | - | - | - |
| Other amounts payable47/48 | €23,000 | €25,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,408 | €1,122 | €0 | ▼ 100.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,917 | €25,118 | €1,503 | -€18,131 | -€20,683 | ▼ 14.1% |
| Operating cash flow (approximation) | €21,917 | €25,118 | €1,503 | -€18,131 | -€20,683 | ▼ 14.1% |
| Change in cash | - | -€25,070 | -€12,550 | €123 | €14,762 | ▲ 11,911% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€20,683
Net result drops to -€20,683, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 13.58
Current ratio from 5.07 to 13.58; short-term debt falls from €51,203 to €30,077.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.07
Current ratio from 2.52 to 5.07; short-term debt falls from €153,492 to €51,203.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.6m ▲122%
Operating result €2.1m, net result €1.6m, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Equity above €500,000Eq €745,712 ▲362%
2 profitable years in a row build equity to €745,712.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Sint-Pieters-Woluwe · 1 establishment unit since 2014
Ground area
1,494 m²
Building footprint
737 m²
Volume, LiDAR
17,113 m³
Parcel 21684B0002/00S011, Brussels · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
VERSTRAETE DEVELOPMENT
since 20142.278.348.272
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0002/00S011 | Brussels | 1,494 m² | 1 · 737 m² | 28.8 m · 8 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 9,696 companies in sector 68121 we hold annual accounts for 7,393. 2,011 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
Founded10-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0544300949
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.