VERSTRAETE E & P
ActiveVERSTRAETE E & P has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €514k and a net result of €77k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+3
Solvency100▲+3
Growth61▲+13
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 9.05 against 9.32 in 2023; short-term debt: 8.5% and cash: 34.1% of total assets), and 9.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
90.7%
Return on assets
13.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-05-2025, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
63 d early
2023
141 d early
2022
124 d early
2021
34 d early
2020
24 d early
2019
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€596k▼ 15.4%
2023 · €705k
2018: €656k
2019: €825k
2020: €719k
2021: €529k
2022: €607k
2023: €705k
2018 → 2024
EBIT margin
18.5%▲ 3.5pp
2023 · 15.0%
2018: 17.4%
2019: 22.0%
2020: 23.8%
2021: 7.5%
2022: 8.1%
2023: 15.0%
2018 → 2024
Net result
€77k▲ 8.0%
2023 · €71k
2018: €72k
2019: €120k
2020: €119k
2021: €25k
2022: €30k
2023: €71k
2018 → 2024
Working capital
€389k▼ 24.7%
2023 · €517k
2018: €238k
2019: €354k
2020: €400k
2021: €408k
2022: €454k
2023: €517k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€719k-€529k▼ 26.3%€607k▲ 14.7%€705k▲ 16.1%€596k▼ 15.4%
Equity€402k-€427k▲ 6.3%€457k▲ 7.1%€528k▲ 15.6%€514k▼ 2.8%
Operating result€171k-€40k▼ 76.8%€49k▲ 24.6%€106k▲ 114%€110k▲ 4.4%
Net result€119k-€25k▼ 78.7%€30k▲ 19.6%€71k▲ 136%€77k▲ 8.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €566k
Fixed assets
€129k▼ 15.7%
Current assets
€437k▼ 24.4%
Equity and liabilities €566k
Equity
€514k▼ 2.8%
Debt
€53k▼ 74.1%
The debt ratio falls from 27.8% to 9.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€145k▲
2023 · €137k
Cash flow
€111k▲
2023 · €103k
Solvency
90.7%▲
2023 · 72.2%
Current ratio
9.05▼
2023 · 9.32
Quick ratio
7.05▼
2023 · 7.86
Debt / equity
0.10▼
2023 · 0.38
ROE
15.0%▲
2023 · 13.5%
ROA
13.6%▲
2023 · 9.7%
Interest coverage
31.08▲
2023 · 18.52
Debt
€53k▼
2023 · €203k
Debt ≤ 1 year
€48k▼
2023 · €62k
Income taxes
€31k▲
2023 · €28k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€732k€566k▼
Fixed assets21/28€153k€129k▼
Tangible fixed assets22/27€153k€129k▼
Land and buildings22€105k€94k▼
Plant, machinery and equipment23€32k€31k▼
Furniture and vehicles24€16k€5k▼
Financial fixed assets28€135€135=
Current assets29/58€579k€437k▼
Stocks and contracts in progress3€91k€97k▲
Stocks30/36€91k€97k▲
Amounts receivable within one year40/41€244k€144k▼
Trade receivables40€221k€138k▼
Other amounts receivable41€23k€6k▼
Cash at bank and in hand54/58€240k€193k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€732k€566k▼
Equity10/15€528k€514k▼
Contributions10/11€30k€30k=
Reserves13€498k€483k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€495k€480k▼
Profit (loss) carried forward14€877€877=
Amounts payable17/49€203k€53k▼
Amounts payable after more than one year17€124k-
Financial debts170/4€3k-
Other amounts payable178/9€122k-
Amounts payable within one year42/48€62k€48k▼
Current portion of amounts payable after more than one year42€15k€3k▼
Trade debts44€32k€46k▲
Suppliers440/4€32k€46k▲
Taxes, remuneration and social security45€15k€151▼
Taxes450/3€15k€151▼
Accrued charges and deferred income492/3€17k€4k▼
Income statement
Code20232024
Turnover70€705k€596k▼
Goods, raw materials, services and sundry goods60/61€558k€449k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€34k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€3k€3k▼
Gross operating margin9900€147k€147k▲
Operating profit (loss)9901€106k€110k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€99k€108k▲
Income taxes67/77€28k€31k▲
Profit (loss) for the period9904€71k€77k▲
Profit (loss) for the period to be appropriated9905€71k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€78k▲
Profit (loss) brought forward from the previous period14P€877€877=
Transfer from equity791/2-€92k
Transfer to equity691/2€71k€77k▲
To other reserves6921€71k€77k▲
Profit to be distributed694/7-€92k
Return on contributions (dividend)694-€92k
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
2025
29-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €528k ▲15.6%
6 profitable years in a row build equity to €528k.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €25k ▼78.7%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €120k ▲67.9%
Operating result €182k, net result €120k, both a record.
31-12
Financial
Equity above €200kEq €283k ▲74%
2 profitable years in a row build equity to €283k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Torhout · 1 establishment unit since 2013
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.
Nachtegaalstraat 28820 TorhoutGround area
4,563 m²
Building footprint
194 m²
Volume, LiDAR
340 m³
Parcel 31522D0890/00R000, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
Verstraete E & P
since 20132.215.838.405
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0890/00R000 | Flanders | 4,563 m² | 1 · 194 m² | 6.7 m |
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 · 295 EUR awarded · 295 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 74 EUR | 74 EUR |
| 2024 | 1 | 33 EUR | 221 EUR |
| 2023 | 1 | 188 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Technicus gebouwenautomatisering en energiemanagement duaal (so)
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Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 2,299 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2013
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.