VERWERFT THEO
ActiveSummary
VERWERFT THEO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €18k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-9
Solvency85▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.62 in 2024; short-term debt: 40.4% and cash: 60.2% of total assets), and 40.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 2025Solvency, return and age of the figures
Solvency
59.6%
Return on assets
16.2%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
57 d early
2023
56 d early
2022
54 d early
2021
53 d early
2020
60 d early
2019
59 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▼ 0.5%
2024 · €66k
2018: €39k
2019: €31k
2020: €15k
2021: €48k
2022: €62k
2023: €58k
2024: €66k
2018 → 2025
Total assets
€110k▲ 9.4%
2024 · €101k
2018: €120k
2019: €85k
2020: €58k
2021: €111k
2022: €126k
2023: €91k
2024: €101k
2018 → 2025
Net result
€18k▼ 24.0%
2024 · €23k
2018: €3k
2019: €-8k
2020: €-16k
2021: €33k
2022: €17k
2023: €-4k
2024: €23k
2018 → 2025
Working capital
€52k▼ 7.4%
2024 · €56k
2018: €19k
2019: €16k
2020: €5k
2021: €-613
2022: €-11k
2023: €9k
2024: €56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€62k▲ 29.6%€58k▼ 6.1%€66k▲ 12.8%€66k▼ 0.5%
Operating result€11k-€28k▲ 141%€-4k€29k€33k▲ 13.4%
Net result€33k-€17k▼ 49.5%€-4k€23k€18k▼ 24.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110k
Fixed assets
€13k ▲ 40.5%
Current assets
€97k ▲ 6.1%
Equity and liabilities €110k
Equity
€66k ▼ 0.5%
Debt
€44k ▲ 28.1%
Debt's share of the balance-sheet total rises from 34.5% to 40.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €38k
Cash flow
€25k▼
2024 · €32k
Current ratio
2.17▼
2024 · 2.62
Debt to equity
0.68▲
2024 · 0.53
ROE
27.1%▼
2024 · 35.6%
ROA
16.2%▼
2024 · 23.3%
Interest coverage
442.86▲
2024 · 135.75
Debt ≤ 1 year
€44k▲
2024 · €35k
Income taxes
€16k▲
2024 · €7k
Staff costs
€2k▲
2024 · €1k
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€101k€110k▲
Fixed assets21/28€10k€13k▲
Tangible fixed assets22/27€10k€13k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€5k€6k▲
Other tangible fixed assets26-€5k
Current assets29/58€91k€97k▲
Amounts receivable within one year40/41€4k€30k▲
Trade receivables40-€21k
Other amounts receivable41€4k€10k▲
Cash at bank and in hand54/58€86k€66k▼
Deferred charges and accrued income490/1€1k€235▼
Equity and liabilities
Total equity and liabilities10/49€101k€110k▲
Equity10/15€66k€66k▼
Contributions10/11€19k€19k=
Reserves13€47k€47k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€45k€45k▼
Amounts payable17/49€35k€44k▲
Amounts payable within one year42/48€35k€44k▲
Current portion of amounts payable after more than one year42€6k-
Trade debts44€25k€26k▲
Suppliers440/4€25k€26k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€797€1k▲
Remuneration and social security454/9€1k€675▼
Other amounts payable47/48€3k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€977€771▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€45k€43k▼
Operating profit (loss)9901€29k€33k▲
Financial income75/76B€572€896▲
Recurring financial income75€572€896▲
Financial charges65/66B€282€92▼
Recurring financial charges65€282€92▼
Profit (loss) for the period before taxes9903€30k€34k▲
Transfer from deferred taxes780€1k-
Income taxes67/77€7k€16k▲
Profit (loss) for the period9904€23k€18k▼
Transfer from tax-exempt reserves789€4k-
Profit (loss) for the period to be appropriated9905€27k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€18k▼
Transfer from equity791/2€16k€18k▲
Transfer to equity691/2€27k€18k▼
To other reserves6921€27k€18k▼
Profit to be distributed694/7€16k€18k▲
Return on contributions (dividend)694€16k€18k▲
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
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €33k
Net result €33k after 2 loss-making years.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Heist-op-den-Berg · 1 establishment unit since 2010
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.
Kleistraat 82220 Heist-op-den-BergGround area
549 m²
Building footprint
225 m²
Volume, LiDAR
721 m³
Parcel 12322I0273/00D002, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Verwerft Theo
since 20102.183.966.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0273/00D002 | Flanders | 549 m² | 1 · 225 m² | 8.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 258 EUR awarded · 258 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 44 EUR | 44 EUR |
| 2022 | 1 | 214 EUR | 214 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 3,032 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 (pre-2019)
Founded21-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
41001General construction of residential buildings
43230Insulation installation
43240Other construction installation
43320Joinery installation
43422Screed work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:theo_verwerft@hotmail.com
Phone:0491224882