VERVAECKE DAKWERKEN
Open bankruptcyFinancials · financial year 2025, micro format
Equity
€8,585▼ 90.5%
2024 · €90,390
Total assets
€74,758▼ 58.1%
2024 · €178,452
Net result
-€3,328
2024 · €6,693
Working capital
-€55,915
2024 · €13,762
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 93% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€890
2025
Net result-€3,328
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€74,758
2025
Equity€8,585
2025
Debt€66,173
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€55,915
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-4.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency11.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.16
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€14,899-€7,765▼ 47.9%€32,759▲ 322%€17,935▼ 45.2%€6,579▼ 63.3%€23,707▲ 260%€12,518▼ 47.2%€890▼ 92.9%
Net result€11,035-€6,021▼ 45.4%€26,127above the sector's middle half▲ 334%€15,262within the sector's middle half▼ 41.6%€5,205within the sector's middle half▼ 65.9%€12,161within the sector's middle half▲ 134%€6,693within the sector's middle half▼ 45.0%-€3,328below the sector's middle half
Equity€18,920-€24,942▲ 31.8%€51,068within the sector's middle half▲ 105%€66,331within the sector's middle half▲ 29.9%€71,535within the sector's middle half▲ 7.8%€83,697within the sector's middle half▲ 17.0%€90,390within the sector's middle half▲ 8.0%€8,585below the sector's middle half▼ 90.5%
Total assets€77,862-€77,907▲ 0.1%€116,592within the sector's middle half▲ 49.7%€103,427within the sector's middle half▼ 11.3%€147,793within the sector's middle half▲ 42.9%€181,067within the sector's middle half▲ 22.5%€178,452within the sector's middle half▼ 1.4%€74,758within the sector's middle half▼ 58.1%
Debt€58,942-€52,965▼ 10.1%€65,524▲ 23.7%€37,096▼ 43.4%€76,258▲ 106%€97,371▲ 27.7%€88,062▼ 9.6%€66,173▼ 24.9%
Working capital-€13,680--€2,138▲ 84.4%€50,606within the sector's middle half€49,963within the sector's middle half▼ 1.3%€58,213within the sector's middle half▲ 16.5%€4,263within the sector's middle half▼ 92.7%€13,762within the sector's middle half▲ 223%-€55,915below the sector's middle half
Solvency24.3%-32.0%▲ 7.7pp43.8%within the sector's middle half▲ 11.8pp64.1%within the sector's middle half▲ 20.3pp48.4%within the sector's middle half▼ 15.7pp46.2%within the sector's middle half▼ 2.2pp50.7%within the sector's middle half▲ 4.4pp11.5%below the sector's middle half▼ 39.2pp
Current ratio0.77-0.96▲ 0.192.16within the sector's middle half▲ 1.202.36within the sector's middle half▲ 0.191.77within the sector's middle half▼ 0.591.04below the sector's middle half▼ 0.721.16within the sector's middle half▲ 0.110.16below the sector's middle half▼ 1.00
Return on assets (ROA)14.2%-7.7%▼ 6.4pp22.4%above the sector's middle half▲ 14.7pp14.8%within the sector's middle half▼ 7.7pp3.5%within the sector's middle half▼ 11.2pp6.7%within the sector's middle half▲ 3.2pp3.8%within the sector's middle half▼ 3.0pp-4.5%below the sector's middle half▼ 8.2pp
Staff (FTE)0.5
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,758
Fixed assets
€64,500 ▼ 15.8%
Current assets
€10,258 ▼ 89.9%
Equity and liabilities €74,758
Equity
€8,585 ▼ 90.5%
Debt
€66,173 ▼ 24.9%
Debt's share of the balance-sheet total rises from 49.3% to 88.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,018▼
2024 · €15,324
Cash flow
€8,799▼
2024 · €9,499
Debt to equity
7.71▲
2024 · 0.97
ROE
-38.8%▼
2024 · 7.4%
Interest coverage
3.53▼
2024 · 4.31
Debt ≤ 1 year
€66,173▼
2024 · €88,062
Income taxes
€528▼
2024 · €2,271
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €22,403 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,801 | €5,829 | €5,875 | €5,868 | €5,606 | €9,085 | €2,806 | €12,128 | ▲ 332% |
| Other operating charges640/8 | - | - | - | €1,846 | €2,828 | €348 | €819 | €902 | ▲ 10.0% |
| Gross operating margin9900 | €21,640 | €14,890 | €42,271 | €25,650 | €37,417 | €33,140 | €16,143 | €13,920 | ▼ 13.8% |
| Operating profit (loss)9901 | €14,899 | €7,765 | €32,759 | €17,935 | €6,579 | €23,707 | €12,518 | €890 | ▼ 92.9% |
| Financial income75/76B | - | - | - | €4,378 | €4,295 | - | €1 | €1 | ▼ 21.3% |
| Recurring financial income75 | €360 | €2,488 | €4,647 | €4,378 | €4,295 | - | €1 | €1 | ▼ 21.3% |
| Financial charges65/66B | - | - | - | €915 | €2,305 | €759 | €3,555 | €3,691 | ▲ 3.8% |
| Recurring financial charges65 | €1,150 | €1,652 | €1,460 | €915 | €2,305 | €759 | €3,555 | €3,691 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €14,108 | €8,601 | €35,946 | €21,399 | €8,569 | €22,948 | €8,964 | -€2,800 | - |
| Income taxes67/77 | €3,073 | €2,580 | €9,819 | €6,136 | €3,364 | €10,787 | €2,271 | €528 | ▼ 76.7% |
| Profit (loss) for the period9904 | €11,035 | €6,021 | €26,127 | €15,262 | €5,205 | €12,161 | €6,693 | -€3,328 | - |
| Profit (loss) for the period to be appropriated9905 | €11,035 | €6,021 | €26,127 | €15,262 | €5,205 | €12,161 | €6,693 | -€3,328 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,862 | €77,907 | €116,592 | €103,427 | €147,793 | €181,067 | €178,452 | €74,758 | ▼ 58.1% |
| Fixed assets21/28 | €33,085 | €28,115 | €22,485 | €16,617 | €13,572 | €79,434 | €76,628 | €64,500 | ▼ 15.8% |
| Intangible fixed assets21 | €33,000 | €27,500 | €22,000 | €16,500 | €11,000 | €75,500 | €72,750 | €64,500 | ▼ 11.3% |
| Tangible fixed assets22/27 | €85 | €615 | €485 | €117 | €2,572 | €3,934 | €3,878 | - | - |
| Plant, machinery and equipment23 | - | - | - | €117 | €2,572 | €3,934 | €3,878 | - | - |
| Current assets29/58 | €44,776 | €49,792 | €94,106 | €86,809 | €134,221 | €101,633 | €101,824 | €10,258 | ▼ 89.9% |
| Stocks and contracts in progress3 | - | €631 | €520 | €5,775 | €21,004 | €15,020 | €18,582 | - | - |
| Stocks30/36 | - | - | - | €5,775 | €21,004 | €15,020 | €18,582 | - | - |
| Amounts receivable within one year40/41 | €43,846 | €48,242 | €88,392 | €80,089 | €111,386 | €86,613 | €83,002 | €9,511 | ▼ 88.5% |
| Trade receivables40 | - | - | - | €11,947 | €20,134 | €82,136 | €77,787 | €7,000 | ▼ 91.0% |
| Other amounts receivable41 | - | - | - | €68,142 | €91,252 | €4,477 | €5,216 | €2,511 | ▼ 51.8% |
| Cash at bank and in hand54/58 | €1 | - | €3,510 | - | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €945 | €1,830 | - | €239 | €747 | ▲ 212% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,862 | €77,907 | €116,592 | €103,427 | €147,793 | €181,067 | €178,452 | €74,758 | ▼ 58.1% |
| Equity10/15 | €18,920 | €24,942 | €51,068 | €66,331 | €71,535 | €83,697 | €90,390 | €8,585 | ▼ 90.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | - | - | €6,200 | - | - | - |
| Other1109/19 | - | - | - | - | - | €6,200 | - | - | - |
| Reserves13 | €688 | €6,710 | €6,710 | €21,972 | €27,177 | €27,177 | €27,177 | €1,855 | ▼ 93.2% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | - | - | - | €20,117 | €25,322 | €25,322 | €25,322 | - | - |
| Profit (loss) carried forward14 | €12,032 | €12,032 | €38,158 | €38,158 | €38,158 | €50,320 | €57,013 | €530 | ▼ 99.1% |
| Amounts payable17/49 | €58,942 | €52,965 | €65,524 | €37,096 | €76,258 | €97,371 | €88,062 | €66,173 | ▼ 24.9% |
| Amounts payable after more than one year17 | €485 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €58,456 | €51,930 | €43,500 | €36,846 | €76,008 | €97,371 | €88,062 | €66,173 | ▼ 24.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,302 | €2,250 | - | - | - | - |
| Financial debts43 | - | - | - | €4,988 | €4,617 | €4,960 | €4,738 | €3,326 | ▼ 29.8% |
| Credit institutions430/8 | - | - | - | €4,988 | €4,617 | €4,960 | - | €3,326 | - |
| Other loans439 | - | - | - | - | - | - | €4,738 | - | - |
| Trade debts44 | €45,415 | €39,812 | €29,314 | €22,129 | €53,763 | €85,076 | €74,977 | €44,695 | ▼ 40.4% |
| Suppliers440/4 | - | - | - | €22,129 | €53,763 | €85,076 | €74,977 | €44,695 | ▼ 40.4% |
| Taxes, remuneration and social security45 | - | - | - | €7,427 | €15,379 | €7,335 | €8,347 | €18,153 | ▲ 117% |
| Taxes450/3 | - | - | - | €7,427 | €303 | €7,335 | €6,723 | €18,153 | ▲ 170% |
| Remuneration and social security454/9 | - | - | - | - | €15,075 | - | €1,624 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €250 | €250 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,035 | €6,021 | €26,127 | €15,262 | €5,205 | €12,161 | €6,693 | -€3,328 | - |
| + Depreciation and write-downs630 | €5,801 | €5,829 | €5,875 | €5,868 | €5,606 | €9,085 | €2,806 | €12,128 | ▲ 332% |
| Operating cash flow (approximation) | €16,836 | €11,850 | €32,002 | €21,130 | €10,811 | €21,246 | €9,499 | €8,799 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | -€858 | -€246 | €0 | -€2,561 | -€74,946 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00362295 |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00385521 |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00363017 |
| 31-12-2022 | micro format | 08-10-2023 | 2023-00476217 |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20289156 |
| 31-12-2020 | micro format | 19-07-2021 | 2021-37300321 |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64000282 |
| 31-12-2018 | micro format | 24-05-2019 | 2019-14200582 |
| 31-12-2017 | micro format | 22-06-2018 | 2018-21500340 |
| 31-12-2016 | abbreviated format | 23-03-2017 | 2017-07100353 |
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Of the 8,459 active companies whose main activity is roofing work (NACE 43410), figures are known for 4,418. 2,145 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.