VERWINCO
ActiveSummary
The computed 12-month bankruptcy probability of VERWINCO is 1.7% (moderate). The 2024 annual accounts show equity of €132k and a net result of €6k. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 6720 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-11
Solvency79▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 2.03 against 1.85 in 2023; short-term debt: 27% and cash: 22.4% of total assets), and 45.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
139 d late
2023
114 d late
2022
45 d late
2021
61 d late
2020
88 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€132k▲ 4.9%
2023 · €126k
2018: €15klowest in 7 years
2019: €33k▲ +121% vs 2018
2020: €69k▲ +106% vs 2019
2021: €85k▲ +23.9% vs 2020
2022: €98k▲ +14.6% vs 2021
2023: €126k▲ +28.6% vs 2022
2024: €132k▲ +4.9% vs 2023highest in 7 years
2018 → 2024
Total assets
€243k▼ 2.7%
2023 · €250k
2018: €119klowest in 7 years
2019: €210k▲ +75.8% vs 2018
2020: €235k▲ +12.2% vs 2019
2021: €195k▼ -17.2% vs 2020
2022: €259k▲ +33.1% vs 2021highest in 7 years
2023: €250k▼ -3.6% vs 2022
2024: €243k▼ -2.7% vs 2023
2018 → 2024
Net result
€6k▼ 78.0%
2023 · €28k
2018: €11k
2019: €18k▲ +72.6% vs 2018
2020: €35k▲ +93.9% vs 2019highest in 7 years
2021: €16k▼ -53.5% vs 2020
2022: €12k▼ -24.4% vs 2021
2023: €28k▲ +125% vs 2022
2024: €6k▼ -78.0% vs 2023lowest in 7 years
2018 → 2024
Working capital
€68k▼ 10.5%
2023 · €76k
2018: €76k
2019: €71k▼ -6.1% vs 2018
2020: €84k▲ +18.4% vs 2019highest in 7 years
2021: €76k▼ -9.9% vs 2020
2022: €56k▼ -26.6% vs 2021lowest in 7 years
2023: €76k▲ +35.8% vs 2022
2024: €68k▼ -10.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€69k-€85k▲ 23.9%€98k▲ 14.6%€126k▲ 28.6%€132k▲ 4.9%
2020: €69klowest in 5 years
2021: €85k▲ +23.9% vs 2020
2022: €98k▲ +14.6% vs 2021
2023: €126k▲ +28.6% vs 2022
2024: €132k▲ +4.9% vs 2023highest in 5 years
Operating result€45k-€24k▼ 47.8%€19k▼ 19.1%€39k▲ 102%€11k▼ 71.3%
2020: €45khighest in 5 years
2021: €24k▼ -47.8% vs 2020
2022: €19k▼ -19.1% vs 2021
2023: €39k▲ +102% vs 2022
2024: €11k▼ -71.3% vs 2023lowest in 5 years
Net result€35k-€16k▼ 53.5%€12k▼ 24.4%€28k▲ 125%€6k▼ 78.0%
2020: €35khighest in 5 years
2021: €16k▼ -53.5% vs 2020
2022: €12k▼ -24.4% vs 2021
2023: €28k▲ +125% vs 2022
2024: €6k▼ -78.0% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 71% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €243k
Fixed assets
€110k ▲ 29.3%
Current assets
€133k ▼ 19.1%
Equity and liabilities €243k
Equity
€132k ▲ 4.9%
Debt
€111k ▼ 10.3%
Debt's share of the balance-sheet total falls from 49.7% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2023 · €61k
Cash flow
€39k▼
2023 · €50k
Current ratio
2.03▲
2023 · 1.85
Quick ratio
1.62▲
2023 · 1.51
Debt to equity
0.85▼
2023 · 0.99
ROE
4.7%▼
2023 · 22.3%
ROA
2.5%▼
2023 · 11.2%
Interest coverage
11.35▼
2023 · 20.41
Debt ≤ 1 year
€66k▼
2023 · €89k
Debt > 1 year
€46k▲
2023 · €35k
Income taxes
€1k▼
2023 · €8k
Staff costs
€0▼
2023 · €13
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€250k€243k▼
Fixed assets21/28€85k€110k▲
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€77k€104k▲
Land and buildings22€1k€939▼
Plant, machinery and equipment23€12k€18k▲
Furniture and vehicles24€45k€32k▼
Leasing and similar rights25€15k€49k▲
Other tangible fixed assets26€4k€4k▼
Current assets29/58€165k€133k▼
Stocks and contracts in progress3€30k€27k▼
Stocks30/36€30k€27k▼
Amounts receivable within one year40/41€92k€49k▼
Trade receivables40€57k€16k▼
Other amounts receivable41€35k€33k▼
Cash at bank and in hand54/58€32k€54k▲
Deferred charges and accrued income490/1€11k€3k▼
Equity and liabilities
Total equity and liabilities10/49€250k€243k▼
Equity10/15€126k€132k▲
Contributions10/11€6k€6k=
Reserves13€529€529=
Non-distributable reserves130/1€529€529=
Reserves not available under the articles1311€529€529=
Profit (loss) carried forward14€119k€125k▲
Amounts payable17/49€124k€111k▼
Amounts payable after more than one year17€35k€46k▲
Financial debts170/4€35k€46k▲
Amounts payable within one year42/48€89k€66k▼
Current portion of amounts payable after more than one year42€31k€28k▼
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€56k€32k▼
Suppliers440/4€56k€32k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€301€0▼
Remuneration, social security and pensions62€13€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€33k▲
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€65k€47k▼
Operating profit (loss)9901€39k€11k▼
Financial income75/76B€9€97▲
Recurring financial income75€9€97▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€36k€7k▼
Income taxes67/77€8k€1k▼
Profit (loss) for the period9904€28k€6k▼
Profit (loss) for the period to be appropriated9905€28k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€125k▲
Profit (loss) brought forward from the previous period14P€91k€119k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €660 | €301 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €13 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €16k | €19k | €23k | €33k | ▲ 46.0% |
| Other operating charges640/8 | - | €4k | €2k | €4k | €3k | ▼ 16.6% |
| Non-recurring operating charges66A | - | €21 | €19 | €0 | - | - |
| Gross operating margin9900 | €67k | €44k | €40k | €65k | €47k | ▼ 27.5% |
| Operating profit (loss)9901 | €45k | €24k | €19k | €39k | €11k | ▼ 71.3% |
| Financial income75/76B | - | €46 | €0 | €9 | €97 | ▲ 971% |
| Recurring financial income75 | €153 | €46 | €0 | €9 | €97 | ▲ 971% |
| Financial charges65/66B | - | €3k | €3k | €3k | €4k | ▲ 29.2% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | €4k | ▲ 29.2% |
| Profit (loss) for the period before taxes9903 | €42k | €21k | €17k | €36k | €7k | ▼ 79.4% |
| Income taxes67/77 | €7k | €4k | €4k | €8k | €1k | ▼ 84.5% |
| Profit (loss) for the period9904 | €35k | €16k | €12k | €28k | €6k | ▼ 78.0% |
| Profit (loss) for the period to be appropriated9905 | €35k | €16k | €12k | €28k | €6k | ▼ 78.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235k | €195k | €259k | €250k | €243k | ▼ 2.7% |
| Fixed assets21/28 | €70k | €67k | €107k | €85k | €110k | ▲ 29.3% |
| Intangible fixed assets21 | €12k | €11k | €9k | €8k | €6k | ▼ 20.0% |
| Tangible fixed assets22/27 | €58k | €56k | €98k | €77k | €104k | ▲ 34.0% |
| Land and buildings22 | - | €2k | €1k | €1k | €939 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €16k | €16k | €12k | €18k | ▲ 52.7% |
| Furniture and vehicles24 | - | €12k | €58k | €45k | €32k | ▼ 28.3% |
| Leasing and similar rights25 | - | €22k | €19k | €15k | €49k | ▲ 217% |
| Other tangible fixed assets26 | - | €5k | €5k | €4k | €4k | ▼ 10.0% |
| Current assets29/58 | €165k | €128k | €152k | €165k | €133k | ▼ 19.1% |
| Stocks and contracts in progress3 | €30k | €26k | €38k | €30k | €27k | ▼ 8.8% |
| Stocks30/36 | - | €26k | €38k | €30k | €27k | ▼ 8.8% |
| Amounts receivable within one year40/41 | €60k | €65k | €86k | €92k | €49k | ▼ 47.2% |
| Trade receivables40 | - | €38k | €46k | €57k | €16k | ▼ 72.8% |
| Other amounts receivable41 | - | €27k | €40k | €35k | €33k | ▼ 4.9% |
| Cash at bank and in hand54/58 | €73k | €34k | €19k | €32k | €54k | ▲ 68.5% |
| Deferred charges and accrued income490/1 | - | €3k | €8k | €11k | €3k | ▼ 69.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235k | €195k | €259k | €250k | €243k | ▼ 2.7% |
| Equity10/15 | €69k | €85k | €98k | €126k | €132k | ▲ 4.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €529 | €529 | €529 | €529 | €529 | = |
| Non-distributable reserves130/1 | - | €529 | €529 | €529 | €529 | = |
| Reserves not available under the articles1311 | - | €529 | €529 | €529 | €529 | = |
| Profit (loss) carried forward14 | €62k | €78k | €91k | €119k | €125k | ▲ 5.2% |
| Amounts payable17/49 | €166k | €109k | €162k | €124k | €111k | ▼ 10.3% |
| Amounts payable after more than one year17 | €86k | €57k | €63k | €35k | €46k | ▲ 30.8% |
| Financial debts170/4 | - | €57k | €63k | €35k | €46k | ▲ 30.8% |
| Amounts payable within one year42/48 | €81k | €52k | €96k | €89k | €66k | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | - | €32k | €39k | €31k | €28k | ▼ 11.0% |
| Financial debts43 | - | - | - | - | €3k | - |
| Credit institutions430/8 | - | - | - | - | €3k | - |
| Trade debts44 | €37k | €19k | €52k | €56k | €32k | ▼ 43.8% |
| Suppliers440/4 | - | €19k | €52k | €56k | €32k | ▼ 43.8% |
| Taxes, remuneration and social security45 | - | €1k | €5k | €1k | €3k | ▲ 89.6% |
| Taxes450/3 | - | €48 | €4k | €1k | €3k | ▲ 89.6% |
| Remuneration and social security454/9 | - | €1k | €1k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €105 | €3k | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €16k | €12k | €28k | €6k | ▼ 78.0% |
| + Depreciation and write-downs630 | €14k | €16k | €19k | €23k | €33k | ▲ 46.0% |
| Operating cash flow (approximation) | €50k | €32k | €31k | €50k | €39k | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | €-12k | €-59k | €0 | €-58k | - |
| Change in cash | - | €-40k | €-14k | €13k | €22k | ▲ 68.3% |
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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
2024
31-12
Financial
Weakest financial yearnet €6k ▼78%
Net result drops to €6k, the lowest in the series.
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
31-12
Financial
Equity above €100kEq €126k ▲28.6%
6 profitable years in a row build equity to €126k.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €35k ▲93.9%
Operating result €45k, net result €35k, both a record.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
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, Brecht · 2 establishment units since 2012
Ground area
1,633 m²
Building footprint
615 m²
Volume, LiDAR
2,428 m³
2 parcels, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Verwinco
since 20122.212.167.350
iPlusoffice
since 20182.282.412.473
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11333D0048/00T002 | Flanders | 1,497 m² | 1 · 309 m² | 9.9 m · 1 fl. |
| 11333D0650/00M000 | Flanders | 136 m² | 1 · 306 m² | 8.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,203 EUR awarded · 1,203 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 345 EUR | 345 EUR |
| 2023 | 1 | 818 EUR | 818 EUR |
| 2022 | 1 | 40 EUR | 40 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrecht2.282.412.473
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Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,379 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
Founded21-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
01199Crop and animal production, hunting and related service activities
01290Crop and animal production, hunting and related service activities
Scores and ratios are computed by Checked and are not a credit decision.