VERVISCH
ActiveSummary
VERVISCH has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€63,668) and a net result of -€3,842. Equity is shrinking by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-26
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.28 in 2024; short-term debt: 260.6% and cash: 38.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-233.6%
Return on assets
-14.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
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 -€63,668
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
20 d early
2023
60 d early
2022
15 d early
2021
3 d early
2020
9 d late
2019
1 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€63,668▼ 6.4%
2024 · -€59,826
Total assets
€27,250▼ 23.1%
2024 · €35,435
Net result
-€3,842
2024 · €2,474
Working capital
-€57,049▼ 11.1%
2024 · -€51,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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-€22,673▲ 26.7%-€22,445▲ 1.0%-€9,817▲ 56.3%-€1,570▲ 84.0%-€3,829▼ 144%
Net result-€19,290below the sector's middle half▲ 37.9%-€18,666below the sector's middle half▲ 3.2%-€5,714below the sector's middle half▲ 69.4%€2,474within the sector's middle half-€3,842below the sector's middle half
Equity-€37,920below the sector's middle half▼ 104%-€56,586below the sector's middle half▼ 49.2%-€62,300below the sector's middle half▼ 10.1%-€59,826below the sector's middle half▲ 4.0%-€63,668below the sector's middle half▼ 6.4%
Total assets€64,820within the sector's middle half▼ 8.5%€66,145within the sector's middle half▲ 2.0%€39,356below the sector's middle half▼ 40.5%€35,435below the sector's middle half▼ 10.0%€27,250below the sector's middle half▼ 23.1%
Debt€102,740▲ 14.8%€122,731▲ 19.5%€101,656▼ 17.2%€95,261▼ 6.3%€90,918▼ 4.6%
Working capital-€79,043▼ 22.7%-€78,343▲ 0.9%-€68,929▲ 12.0%-€51,327▲ 25.5%-€57,049▼ 11.1%
Solvency-58.5%below the sector's middle half▼ 32.2pp-85.5%below the sector's middle half▼ 27.0pp-158.3%below the sector's middle half▼ 72.8pp-168.8%below the sector's middle half▼ 10.5pp-233.6%below the sector's middle half▼ 64.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,829 in 2025 against €1,570 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,250
Fixed assets
€13,281 ▼ 14.9%
Current assets
€13,969 ▼ 29.6%
Key figures and ratios
EBITDA
€2,749▼
2024 · €17,808
Cash flow
€2,736▼
2024 · €21,852
Current ratio
0.20▼
2024 · 0.28
Debt to equity
-1.43▲
2024 · -1.59
ROA
-14.1%▼
2024 · 7.0%
Interest coverage
49.53▼
2024 · 176.32
Debt ≤ 1 year
€71,018▼
2024 · €71,161
Debt > 1 year
€19,900▼
2024 · €24,100
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,276 | €19,391 | €19,378 | €19,378 | €6,579 | ▼ 66.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €66 | - |
| Other operating charges640/8 | €1,231 | €1,347 | €2,339 | €1,471 | €1,262 | ▼ 14.2% |
| Gross operating margin9900 | -€3,166 | -€1,707 | €11,900 | €19,279 | €4,077 | ▼ 78.9% |
| Operating profit (loss)9901 | -€22,673 | -€22,445 | -€9,817 | -€1,570 | -€3,829 | ▼ 144% |
| Financial income75/76B | €3,684 | €3,932 | €4,204 | €4,145 | €42 | ▼ 99.0% |
| Recurring financial income75 | €3,684 | €46 | €18 | €29 | €42 | ▲ 46.2% |
| Non-recurring financial income76B | €3,684 | €3,886 | €4,186 | €4,116 | - | - |
| Financial charges65/66B | €301 | €153 | €101 | €101 | €56 | ▼ 45.0% |
| Recurring financial charges65 | €301 | €153 | €101 | €101 | €56 | ▼ 45.0% |
| Profit (loss) for the period before taxes9903 | -€19,290 | -€18,666 | -€5,714 | €2,474 | -€3,842 | ▼ 255% |
| Profit (loss) for the period9904 | -€19,290 | -€18,666 | -€5,714 | €2,474 | -€3,842 | ▼ 255% |
| Profit (loss) for the period to be appropriated9905 | -€19,290 | -€18,666 | -€5,714 | €2,474 | -€3,842 | ▼ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,820 | €66,145 | €39,356 | €35,435 | €27,250 | ▼ 23.1% |
| Fixed assets21/28 | €53,623 | €54,257 | €34,929 | €15,601 | €13,281 | ▼ 14.9% |
| Tangible fixed assets22/27 | €53,603 | €54,212 | €34,834 | €15,456 | €12,877 | ▼ 16.7% |
| Plant, machinery and equipment23 | €53,603 | €54,212 | €34,834 | €15,456 | €12,877 | ▼ 16.7% |
| Financial fixed assets28 | €20 | €45 | €95 | €145 | €404 | ▲ 179% |
| Current assets29/58 | €11,197 | €11,888 | €4,427 | €19,834 | €13,969 | ▼ 29.6% |
| Amounts receivable within one year40/41 | €8,346 | €6,794 | €2,264 | €5,939 | €1,420 | ▼ 76.1% |
| Trade receivables40 | €4,484 | €5,066 | €1,264 | €5,588 | €1,420 | ▼ 74.6% |
| Other amounts receivable41 | €3,862 | €1,728 | €1,000 | €351 | - | - |
| Cash at bank and in hand54/58 | €2,851 | €5,094 | €2,163 | €13,895 | €10,483 | ▼ 24.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,066 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,820 | €66,145 | €39,356 | €35,435 | €27,250 | ▼ 23.1% |
| Equity10/15 | -€37,920 | -€56,586 | -€62,300 | -€59,826 | -€63,668 | ▼ 6.4% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Capital10 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €4,693 | €4,693 | €4,693 | €4,693 | €4,693 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €2,834 | €2,834 | €2,834 | €2,834 | €2,834 | = |
| Profit (loss) carried forward14 | -€55,008 | -€73,674 | -€79,388 | -€76,914 | -€80,756 | ▼ 5.0% |
| Amounts payable17/49 | €102,740 | €122,731 | €101,656 | €95,261 | €90,918 | ▼ 4.6% |
| Amounts payable after more than one year17 | €12,500 | €32,500 | €28,300 | €24,100 | €19,900 | ▼ 17.4% |
| Financial debts170/4 | €12,500 | €32,500 | €28,300 | €24,100 | €19,900 | ▼ 17.4% |
| Amounts payable within one year42/48 | €90,240 | €90,231 | €73,356 | €71,161 | €71,018 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €4,200 | €4,200 | €4,200 | €4,200 | €4,200 | = |
| Trade debts44 | €8,975 | €16,487 | €7,414 | €9,228 | €3,900 | ▼ 57.7% |
| Suppliers440/4 | €8,975 | €16,487 | €7,414 | €9,228 | €3,900 | ▼ 57.7% |
| Taxes, remuneration and social security45 | - | €535 | €1,204 | €1,546 | €942 | ▼ 39.1% |
| Taxes450/3 | - | €535 | €1,204 | €1,546 | €942 | ▼ 39.1% |
| Other amounts payable47/48 | €77,065 | €69,009 | €60,538 | €56,187 | €61,976 | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,290 | -€18,666 | -€5,714 | €2,474 | -€3,842 | ▼ 255% |
| + Depreciation and write-downs630 | €18,276 | €19,391 | €19,378 | €19,378 | €6,579 | ▼ 66.1% |
| Operating cash flow (approximation) | -€1,014 | €725 | €13,664 | €21,852 | €2,736 | ▼ 87.5% |
| Investment in fixed assets (approximation) | - | -€20,025 | -€50 | -€50 | -€4,259 | ▼ 8,418% |
| Change in cash | - | €2,243 | -€2,931 | €11,732 | -€3,412 | ▼ 129% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,474
Net result €2,474 after 4 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet -€31,082
Net result drops to -€31,082, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €11,670 ▲18.4%
Operating result €11,752, net result €11,670, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beernem · 1 establishment unit since 1997
Ground area
5,121 m²
Building footprint
316 m²
Volume, LiDAR
1,501 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VERVISCH BVBA
since 19972.082.887.829
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31021A0794/00K000 | Flanders | 4,979 m² | 1 · 164 m² | 7.0 m · 1 fl. |
| 31021A0794/00L000 | Flanders | 141 m² | 1 · 152 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 10,070 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
Founded07-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461063269
Also
9925:BE0461063269
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.