VERWEST
ActiveSummary
VERWEST has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €570,721 and a net result of €47,180. Equity is growing by ~34% per year across the filed fiscal years. Its solvency ranks better than 75% of 3762 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-11
Solvency81=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.35 against 4.08 in 2024; short-term debt: 15.4% and cash: 24.9% of total assets), and 44.3% of the assets are financed with debt.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.7%
Return on assets
4.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
6 d early
2023
6 d early
2022
15 d late
2021
3 d early
2020
2 d early
2019
4 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 3 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
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
€570,721▲ 9.0%
2024 · €523,541
Total assets
€1.0m▲ 8.8%
2024 · €941,512
Net result
€47,180▼ 63.8%
2024 · €130,288
Working capital
€530,659▲ 20.0%
2024 · €442,069
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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€107,774▲ 15.0%€193,984▲ 80.0%€170,316▼ 12.2%€184,389▲ 8.3%€73,963▼ 59.9%
Net result€80,887above the sector's middle half▲ 23.3%€119,186above the sector's middle half▲ 47.3%€113,824above the sector's middle half▼ 4.5%€130,288above the sector's middle half▲ 14.5%€47,180within the sector's middle half▼ 63.8%
Equity€260,243above the sector's middle half▲ 45.1%€279,429above the sector's middle half▲ 7.4%€393,253above the sector's middle half▲ 40.7%€523,541above the sector's middle half▲ 33.1%€570,721above the sector's middle half▲ 9.0%
Total assets€861,302above the sector's middle half▲ 16.8%€784,750above the sector's middle half▼ 8.9%€899,509above the sector's middle half▲ 14.6%€941,512above the sector's middle half▲ 4.7%€1.0mabove the sector's middle half▲ 8.8%
Debt€601,058▲ 7.7%€505,321▼ 15.9%€506,256▲ 0.2%€417,971▼ 17.4%€453,626▲ 8.5%
Working capital€277,141above the sector's middle half▲ 34.7%€156,042above the sector's middle half▼ 43.7%€313,078above the sector's middle half▲ 101%€442,069above the sector's middle half▲ 41.2%€530,659above the sector's middle half▲ 20.0%
Solvency30.2%within the sector's middle half▲ 5.9pp35.6%within the sector's middle half▲ 5.4pp43.7%within the sector's middle half▲ 8.1pp55.6%within the sector's middle half▲ 11.9pp55.7%within the sector's middle half▲ 0.1pp
Current ratio2.75above the sector's middle half▼ 0.421.87within the sector's middle half▼ 0.882.56above the sector's middle half▲ 0.684.08above the sector's middle half▲ 1.524.35above the sector's middle half▲ 0.28
Return on assets (ROA)9.4%within the sector's middle half▲ 0.5pp15.2%above the sector's middle half▲ 5.8pp12.7%within the sector's middle half▼ 2.5pp13.8%within the sector's middle half▲ 1.2pp4.6%within the sector's middle half▼ 9.2pp
Staff (FTE)3.1▲ 93.8%2.6▼ 16.1%5.6▲ 115%2.3▼ 58.9%3.6within the sector's middle half▲ 56.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 falls in 2025; 2025 is 60% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€335,466 ▼ 5.7%
Current assets
€688,881 ▲ 17.6%
Equity and liabilities €1.0m
Equity
€570,721 ▲ 9.0%
Debt
€453,626 ▲ 8.5%
Debt's share of the balance-sheet total falls from 44.4% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€136,089▼
2024 · €243,703
Cash flow
€109,306▼
2024 · €189,602
Quick ratio
4.23▲
2024 · 3.87
Debt to equity
0.79▼
2024 · 0.80
ROE
8.3%▼
2024 · 24.9%
Interest coverage
14.29▼
2024 · 16.06
Debt ≤ 1 year
€158,222▲
2024 · €143,759
Debt > 1 year
€295,005▲
2024 · €273,754
Income taxes
€18,612▼
2024 · €38,927
Staff costs
€168,292▲
2024 · €114,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 10,905 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,500 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €89,150 | €121,370 | €155,281 | €114,475 | €168,292 | ▲ 47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,883 | €63,065 | €67,267 | €59,314 | €62,126 | ▲ 4.7% |
| Other operating charges640/8 | €2,933 | €2,648 | €3,390 | €2,694 | €2,841 | ▲ 5.4% |
| Gross operating margin9900 | €271,740 | €381,067 | €396,254 | €360,872 | €307,222 | ▼ 14.9% |
| Operating profit (loss)9901 | €107,774 | €193,984 | €170,316 | €184,389 | €73,963 | ▼ 59.9% |
| Financial income75/76B | - | - | - | - | €1,354 | - |
| Recurring financial income75 | - | - | - | - | €1,354 | - |
| Financial charges65/66B | €14,123 | €15,388 | €21,989 | €15,175 | €9,524 | ▼ 37.2% |
| Recurring financial charges65 | €14,123 | €15,388 | €21,989 | €15,175 | €9,524 | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €93,651 | €178,597 | €148,327 | €169,214 | €65,793 | ▼ 61.1% |
| Income taxes67/77 | €12,764 | €59,411 | €34,503 | €38,927 | €18,612 | ▼ 52.2% |
| Profit (loss) for the period9904 | €80,887 | €119,186 | €113,824 | €130,288 | €47,180 | ▼ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €80,887 | €119,186 | €113,824 | €130,288 | €47,180 | ▼ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €861,302 | €784,750 | €899,509 | €941,512 | €1.0m | ▲ 8.8% |
| Fixed assets21/28 | €425,953 | €450,297 | €385,675 | €355,684 | €335,466 | ▼ 5.7% |
| Tangible fixed assets22/27 | €425,953 | €450,297 | €385,675 | €355,684 | €335,466 | ▼ 5.7% |
| Land and buildings22 | €225,750 | €228,000 | €214,800 | €204,550 | €188,400 | ▼ 7.9% |
| Plant, machinery and equipment23 | €181,404 | €214,579 | €170,875 | €151,134 | €147,066 | ▼ 2.7% |
| Furniture and vehicles24 | €18,799 | €7,718 | €0 | - | - | - |
| Current assets29/58 | €435,349 | €334,453 | €513,834 | €585,827 | €688,881 | ▲ 17.6% |
| Stocks and contracts in progress3 | €10,832 | €22,571 | €24,727 | €29,525 | €19,415 | ▼ 34.2% |
| Stocks30/36 | €10,832 | €22,571 | €24,727 | €29,525 | €19,415 | ▼ 34.2% |
| Amounts receivable within one year40/41 | €16,950 | €8,955 | €31,011 | €21,115 | €412,777 | ▲ 1,855% |
| Trade receivables40 | - | €8,955 | €5,646 | €75 | €260 | ▲ 249% |
| Other amounts receivable41 | €16,950 | €0 | €25,365 | €21,040 | €412,516 | ▲ 1,861% |
| Cash at bank and in hand54/58 | €407,246 | €302,528 | €456,952 | €532,103 | €254,963 | ▼ 52.1% |
| Deferred charges and accrued income490/1 | €321 | €400 | €1,144 | €3,085 | €1,726 | ▼ 44.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €861,302 | €784,750 | €899,509 | €941,512 | €1.0m | ▲ 8.8% |
| Equity10/15 | €260,243 | €279,429 | €393,253 | €523,541 | €570,721 | ▲ 9.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €241,643 | €260,829 | €374,653 | €504,941 | €552,121 | ▲ 9.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €239,783 | €258,969 | €372,793 | €504,941 | €552,121 | ▲ 9.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Amounts payable17/49 | €601,058 | €505,321 | €506,256 | €417,971 | €453,626 | ▲ 8.5% |
| Amounts payable after more than one year17 | €442,392 | €326,451 | €305,042 | €273,754 | €295,005 | ▲ 7.8% |
| Financial debts170/4 | €442,392 | €326,451 | €305,042 | €273,754 | €295,005 | ▲ 7.8% |
| Amounts payable within one year42/48 | €158,208 | €178,411 | €200,756 | €143,759 | €158,222 | ▲ 10.1% |
| Current portion of amounts payable after more than one year42 | €20,483 | €20,941 | €21,409 | €21,888 | €70,534 | ▲ 222% |
| Trade debts44 | €38,349 | €17,215 | €26,756 | €84,693 | €53,889 | ▼ 36.4% |
| Suppliers440/4 | €38,349 | €17,215 | €26,756 | €84,693 | €53,889 | ▼ 36.4% |
| Taxes, remuneration and social security45 | €28,009 | €57,097 | €38,978 | €37,178 | €33,798 | ▼ 9.1% |
| Taxes450/3 | €17,627 | €41,733 | €21,216 | €17,622 | €11,678 | ▼ 33.7% |
| Remuneration and social security454/9 | €10,382 | €15,364 | €17,762 | €19,556 | €22,121 | ▲ 13.1% |
| Other amounts payable47/48 | €71,368 | €83,158 | €113,613 | €0 | - | - |
| Accrued charges and deferred income492/3 | €458 | €458 | €458 | €458 | €400 | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80,887 | €119,186 | €113,824 | €130,288 | €47,180 | ▼ 63.8% |
| + Depreciation and write-downs630 | €71,883 | €63,065 | €67,267 | €59,314 | €62,126 | ▲ 4.7% |
| Operating cash flow (approximation) | €152,770 | €182,251 | €181,091 | €189,602 | €109,306 | ▼ 42.3% |
| Investment in fixed assets (approximation) | - | -€87,409 | -€2,645 | -€29,324 | -€41,908 | ▼ 42.9% |
| Change in cash | - | -€104,718 | €154,425 | €75,151 | -€277,140 | ▼ 469% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €130,288 ▲14.5%
Net result €130,288, the highest in the series.
31-12
Financial
Equity above €500,000Eq €523,541 ▲33.1%
7 profitable years in a row build equity to €523,541.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €260,243 ▲45.1%
4 profitable years in a row build equity to €260,243.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €179,356 ▲57.6%
3 profitable years in a row build equity to €179,356.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €113,776 ▲39.9%
2 profitable years in a row build equity to €113,776.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Maldegem · 1 establishment unit since 2016
Ground area
2,445 m²
Building footprint
416 m²
Volume, LiDAR
2,009 m³
Parcel 43010A0297/00N000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VERWEST
since 20162.254.937.323
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010A0297/00N000 | Flanders | 2,445 m² | 1 · 416 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 · 1 entry · 7,338 EUR awarded · 7,338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,338 EUR | 7,338 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaldegem2.254.937.323
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 5,924 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
Founded10-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631909072
Also
9925:BE0631909072
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.