VERSTRAETE - HAHN

Active

Public limited companyfounded 199035 yrs activeSprietestraat 280, 8792 Waregem, BelgiumKBO/BCE: BE 0442.283.277

VERSTRAETE - HAHN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.40M and a net result of €782k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 93% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

81 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability63▲+3

Solvency100=

Growth58=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €550k at 30 days acceptable

short-term debt: 0% and cash: 0.4% of total assets, and 4.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 13

Relative position

BE, all sectors

reference

Sector 13

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

95.3%

Return on assets

10.1%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €7.40M

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

46 d early

2024

41 d early

2023

47 d early

2022

42 d early

2021

52 d early

2020

46 d early

2019

44 d early

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€7.40M▲ 0.2%

2024 · €7.38M

2018: €7.41M 2019: €7.41M 2020: €7.43M 2021: €7.41M 2022: €8.83M 2023: €6.68M 2024: €7.38M

2018 → 2025

Total assets

€7.77M▲ 0.2%

2024 · €7.75M

2018: €7.78M 2019: €7.78M 2020: €7.79M 2021: €7.77M 2022: €9.19M 2023: €7.74M 2024: €7.75M

2018 → 2025

Net result

€782k▲ 10.5%

2024 · €707k

2018: €697k 2019: €705k 2020: €2.56M 2021: €333k 2022: €2.12M 2023: €-14k 2024: €707k

2018 → 2025

Working capital

€34k▲ 109%

2024 · €16k

2018: €46k 2019: €46k 2020: €59k 2021: €39k 2022: €1.46M 2023: €-691k 2024: €16k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€7.41M-€8.83M▲ 19.1%€6.68M▼ 24.3%€7.38M▲ 10.6%€7.40M▲ 0.2%

Operating result€-23k-€-25k▼ 6.1%€-13k▲ 47.4%€-15k▼ 18.0%€-14k▲ 8.7%

Net result€333k-€2.12M▲ 537%€-14k€707k€782k▲ 10.5%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €14k in 2025 against €15k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €7.77M

99.6%

Fixed assets €7.73M=

Current assets €34k▲ 104%

Equity and liabilities €7.77M

95.3%

Equity €7.40M▲ 0.2%

Provisions €364k=

Debt €184▼ 64.0%

The debt ratio stays at 0.0%.

Key figures and ratios

2025 value · change against 2024

Solvency

95.3%=

2024 · 95.3%

Debt / equity

0.00▼

2024 · 0.00

ROE

10.6%▲

2024 · 9.6%

ROA

10.1%▲

2024 · 9.1%

Debt

€184▼

2024 · €512

Debt ≤ 1 year

€184▼

2024 · €512

Income taxes

€0▲

2024 · €-5

A ratio outside any meaningful range has been withheld (balance sheet total €7.77M, equity €7.40M).

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€7.75M€7.77M▲

Fixed assets21/28€7.73M€7.73M=

Financial fixed assets28€7.73M€7.73M=

Current assets29/58€17k€34k▲

Amounts receivable within one year40/41€3k€601▼

Trade receivables40€0-

Other amounts receivable41€3k€601▼

Cash at bank and in hand54/58€14k€33k▲

Equity and liabilities

Total equity and liabilities10/49€7.75M€7.77M▲

Equity10/15€7.38M€7.40M▲

Contributions10/11€3.85M€3.85M=

Capital10€3.85M€3.85M=

Issued capital100€3.85M€3.85M=

Reserves13€3.53M€3.55M▲

Non-distributable reserves130/1€385k€385k=

Legal reserve130€385k€385k=

Tax-exempt reserves132€56k€56k=

Distributable reserves133€3.09M€3.11M▲

Profit (loss) carried forward14€0€0=

Provisions and deferred taxes16€364k€364k=

Provisions for liabilities and charges160/5€364k€364k=

Environmental obligations163€364k€364k=

Amounts payable17/49€512€184▼

Amounts payable within one year42/48€512€184▼

Trade debts44€512€184▼

Suppliers440/4€512€184▼

Other amounts payable47/48€0-

Income statement Code20242025

Other operating charges640/8€1k€1k▲

Gross operating margin9900€-14k€-13k▲

Operating profit (loss)9901€-15k€-14k▲

Financial income75/76B€725k€798k▲

Recurring financial income75€725k€798k▲

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€707k€782k▲

Income taxes67/77€-5€0▲

Profit (loss) for the period9904€707k€782k▲

Profit (loss) for the period to be appropriated9905€707k€782k▲

Appropriation of the result

Profit (loss) to be appropriated9906€1.02M€782k▼

Profit (loss) brought forward from the previous period14P€308k€0▼

Transfer from equity791/2€0€764k▲

Transfer to equity691/2€1.02M€782k▼

To other reserves6921€1.02M€782k▼

Profit to be distributed694/7€0€764k▲

Return on contributions (dividend)694€0€764k▲

Social balance

Average headcount (FTE)90870.0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 17Financial 6Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

State Gazette act Resignations & appointments

General meeting · Director reappointment · Director appointment11 facts ▸

General meeting, 2026-06-12
Director reappointment, STECRI BV (bestuurder)
Director appointment, TER HEIRWEGHE BV (bestuurder)
Director appointment, RENDEC CONSULT BV (bestuurder)
Director resignation, Verstraete Christiana (bestuurder)
Director resignation, Verstraete Marc (bestuurder)
Board meeting, 2026-06-12
Director reappointment, STECRI BV (gedelegeerd bestuurder en voorzitter van de raad van bestuur)
Permanent representative, Declerck Stefaan
Permanent representative, Verstraete Claude
Permanent representative, Declerck Renaat

15-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Liquidity times 6current ratio 183.32

Current ratio from 32.38 to 183.32; short-term debt falls from €512 to €184.

20-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Back to profitnet €707k

Net result €707k after one loss-making year.

31-12

Financial Liquidity times 6794current ratio 32.38

Current ratio from 0.00 to 32.38; short-term debt falls from €695k to €512.

14-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €-14k ▼101%

Net result drops to €-14k, the lowest in the series; recovery starts the following year.

19-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Liquidity times 263current ratio 8224.33

Current ratio from 31.26 to 8224.33; short-term debt falls from €1k to €177.

09-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

15-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Highest result since 2018net €2.56M ▲263%

Net result €2.56M, the highest in the series.

17-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

24-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

27-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

07-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26109698). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

RENDEC CONSULT

Director · since 12-06-2026 · Private limited company · perm. rep.: Declerck Renaat

Current

STECRI

Director · since 12-06-2026 · Private limited company · perm. rep.: Declerck Stefaan

Current

TER HEIRWEGHE

Director · since 12-06-2026 · Private limited company · perm. rep.: Verstraete Claude

Current

12-06-2026 RENDEC CONSULT: Appointed as Director

12-06-2026 STECRI: Mandate renewed as Director

12-06-2026 STECRI: Mandate renewed as Gedelegeerd bestuurder en voorzitter van de raad van bestuur

12-06-2026 TER HEIRWEGHE: Appointed as Director

12-06-2026 Verstraete Christiana: Resigned as Director

12-06-2026 Verstraete Marc: Resigned as Director

Location & real-estate footprint

Registered office, Waregem · 1 establishment unit since 1990

establishment The establishment unit on the map

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.

Sprietestraat 2808792 Waregem

Ground area

3.9 ha

Building footprint

3.4 ha

Volume, LiDAR

209,473 m³

Parcel 34010B0549/00B002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Verstraete-Hahn

Sprietestraat 280, 8792 WaregemHoldings

since 19902.050.564.261

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34010B0549/00B002	Flanders	3.9 ha	1 · 3.4 ha	10.1 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.

Structure & network

Connections & network

4 connected companies

Shared directors

Network connections

IMDECO

Shared corporate director

→

L2D

Shared corporate director

→

Lano

Shared corporate director

→

VERSTRAETE INVEST

Shared corporate director

→

Ownership & control

3 parties

Control over this companysits on this company's board3

STECRI

5 subsidiaries · 1 location

RENDEC CONSULT

2 subsidiaries · 1 location

TER HEIRWEGHE

2 subsidiaries · 1 location

controls

VERSTRAETE - HAHNBE 0442.283.277

Similar companies · same sector, comparable size

Sint-Laureins · Eq €7.75M

JOS VANNESTE

BE 0428.663.784

Harelbeke · Eq €7.03M

Zonnebeke · Eq €6.76M

Of 210 companies in sector 13100 we hold annual accounts for 139. 85 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded16-10-1990

Fiscal year end31-12

Activities, NACEBEL

13100Manufacture of textiles

17110

Sources

Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.