Verstrepen
ActiveSummary
Verstrepen has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €188k and a net result of €16k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-3
Solvency80▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.35 in 2023; short-term debt: 16.8% and cash: 3.5% of total assets), and 44.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
23 d late
2022
31 d late
2021
38 d early
2020
17 d late
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€188k▲ 9.2%
2023 · €172k
2018: €62k
2019: €65k
2020: €108k
2021: €127k
2022: €154k
2023: €172k
2018 → 2024
Total assets
€338k▲ 29.5%
2023 · €261k
2018: €119k
2019: €101k
2020: €241k
2021: €248k
2022: €255k
2023: €261k
2018 → 2024
Net result
€16k▼ 14.5%
2023 · €18k
2018: €21k
2019: €3k
2020: €43k
2021: €19k
2022: €26k
2023: €18k
2018 → 2024
Working capital
€136k▼ 4.8%
2023 · €143k
2018: €54k
2019: €67k
2020: €84k
2021: €101k
2022: €125k
2023: €143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€108k-€127k▲ 17.5%€154k▲ 20.7%€172k▲ 12.0%€188k▲ 9.2%
Operating result€55k-€27k▼ 50.4%€38k▲ 37.0%€29k▼ 21.7%€24k▼ 16.7%
Net result€43k-€19k▼ 56.3%€26k▲ 38.6%€18k▼ 30.0%€16k▼ 14.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 17% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €338k
Fixed assets
€145k ▲ 155%
Current assets
€193k ▼ 5.5%
Equity and liabilities €338k
Equity
€188k ▲ 9.2%
Provisions
€0 ▼ 100%
Debt
€151k ▲ 71.0%
Debt's share of the balance-sheet total rises from 33.7% to 44.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▼
2023 · €57k
Cash flow
€40k▼
2023 · €46k
Current ratio
3.41▲
2023 · 3.35
Quick ratio
2.99▲
2023 · 1.54
Debt to equity
0.80▲
2023 · 0.51
ROE
8.4%▼
2023 · 10.7%
ROA
4.7%▼
2023 · 7.1%
Interest coverage
16.44▼
2023 · 58.97
Debt ≤ 1 year
€57k▼
2023 · €61k
Debt > 1 year
€94k▲
2023 · €27k
Income taxes
€9k▼
2023 · €13k
Staff costs
€22k▼
2023 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€261k€338k▲
Fixed assets21/28€57k€145k▲
Tangible fixed assets22/27€57k€145k▲
Plant, machinery and equipment23€2k€728▼
Furniture and vehicles24€55k€145k▲
Current assets29/58€204k€193k▼
Stocks and contracts in progress3€111k€24k▼
Stocks30/36€11k€14k▲
Contracts in progress37€100k€10k▼
Amounts receivable within one year40/41€57k€145k▲
Trade receivables40€20k€99k▲
Other amounts receivable41€37k€47k▲
Cash at bank and in hand54/58€36k€12k▼
Deferred charges and accrued income490/1€117€12k▲
Equity and liabilities
Total equity and liabilities10/49€261k€338k▲
Equity10/15€172k€188k▲
Contributions10/11€6k€6k=
Reserves13€166k€182k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€5k€0▼
Distributable reserves133€161k€182k▲
Provisions and deferred taxes16€1k€0▼
Deferred taxes168€1k€0▼
Amounts payable17/49€88k€151k▲
Amounts payable after more than one year17€27k€94k▲
Financial debts170/4€27k€94k▲
Amounts payable within one year42/48€61k€57k▼
Current portion of amounts payable after more than one year42€23k€30k▲
Trade debts44€29k€23k▼
Suppliers440/4€29k€23k▼
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9€2k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€66k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€24k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€124k€71k▼
Operating profit (loss)9901€29k€24k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€974€3k▲
Recurring financial charges65€974€3k▲
Profit (loss) for the period before taxes9903€30k€23k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€13k€9k▼
Profit (loss) for the period9904€18k€16k▼
Transfer from tax-exempt reserves789€5k€5k=
Profit (loss) for the period to be appropriated9905€23k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€21k▼
Transfer to equity691/2€23k€21k▼
To other reserves6921€23k€21k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €150kEq €154k ▲20.7%
5 profitable years in a row build equity to €154k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Highest result since 2018net €43k ▲1351%
Operating result €55k, net result €43k, both a record.
31-12
Financial
Equity above €100kEq €108k ▲67%
3 profitable years in a row build equity to €108k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €3k ▼85.9%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 2006
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.
Kapelledijk(WIE) 82222 Heist-op-den-BergGround area
3,576 m²
Building footprint
149 m²
Volume, LiDAR
1,102 m³
Parcel 12039A0477/00K000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Loodgieterij Verstrepen
since 20062.156.158.362
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12039A0477/00K000 | Flanders | 3,576 m² | 1 · 149 m² | 11.8 m · 3 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.
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HI-CONNECT
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NICOLAS HEUSGENS
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P.P. INSTALLATIETECHNIEKEN
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,847 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
25530Machining of metals
43221Plumbing work
43350Other building finishing work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:joris.verstrepen@telenet.be
Phone:0477341894
Fax:014706094