VERWORST
ActiveVERWORST has been active since 1967 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.13M and a net result of €200k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 4147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-1
Solvency88▼-7
Growth65▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days only on tighter terms
Liquidity ample (current ratio 2.6 against 3.25 in 2024; short-term debt: 37.1% and cash: 7.3% of total assets), and 37.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
62.8%
Return on assets
3%
Age of the figures
18 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-07-2026, 256 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
256 d late
2024
236 d late
2023
268 d late
2022
102 d late
2021
68 d late
2020
39 d late
2019
102 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€31.50M▼ 4.0%
2024 · €32.82M
2019: €27.52M
2020: €26.86M
2021: €21.75M
2022: €29.51M
2023: €37.02M
2024: €32.82M
2019 → 2025
EBIT margin
0.8%=
2024 · 0.7%
2019: 0.5%
2020: 0.8%
2021: 1.2%
2022: 0.0%
2023: 0.9%
2024: 0.7%
2019 → 2025
Net result
€200k▼ 10.0%
2024 · €222k
2019: €74k
2020: €143k
2021: €210k
2022: €4k
2023: €251k
2024: €222k
2019 → 2025
Working capital
€3.92M▼ 2.4%
2024 · €4.01M
2019: €3.31M
2020: €3.45M
2021: €3.62M
2022: €3.59M
2023: €3.85M
2024: €4.01M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.75M-€29.51M▲ 35.7%€37.02M▲ 25.4%€32.82M▼ 11.3%€31.50M▼ 4.0%
Equity€3.74M-€3.75M▲ 0.1%€4.00M▲ 6.7%€4.22M▲ 5.6%€4.13M▼ 2.0%
Operating result€265k-€4k▼ 98.4%€341k▲ 7,782%€240k▼ 29.7%€245k▲ 2.2%
Net result€210k-€4k▼ 98.2%€251k▲ 6,429%€222k▼ 11.5%€200k▼ 10.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.58M
Fixed assets
€226k▲ 4.8%
Current assets
€6.35M▲ 9.7%
Equity and liabilities €6.58M
Equity
€4.13M▼ 2.0%
Debt
€2.45M▲ 36.7%
The debt ratio rises from 29.8% to 37.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€303k▲
2024 · €270k
Cash flow
€258k▲
2024 · €252k
Solvency
62.8%▼
2024 · 70.2%
Current ratio
2.60▼
2024 · 3.25
Quick ratio
2.25▼
2024 · 2.78
Debt / equity
0.59▲
2024 · 0.42
ROE
4.8%▼
2024 · 5.3%
ROA
3.0%▼
2024 · 3.7%
Interest coverage
34.72▼
2024 · 35.89
Debt
€2.45M▲
2024 · €1.79M
Debt ≤ 1 year
€2.44M▲
2024 · €1.78M
Income taxes
€68k▲
2024 · €15
Staff costs
€469k▲
2024 · €432k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.01M€6.58M▲
Fixed assets21/28€216k€226k▲
Tangible fixed assets22/27€199k€209k▲
Land and buildings22€83k€109k▲
Plant, machinery and equipment23€32k€34k▲
Furniture and vehicles24€85k€66k▼
Financial fixed assets28€17k€17k▲
Other financial fixed assets284/8€17k€17k▲
Amounts receivable and cash guarantees285/8€17k€17k▲
Current assets29/58€5.79M€6.35M▲
Stocks and contracts in progress3€839k€863k▲
Stocks30/36€839k€863k▲
Goods purchased for resale34€839k€863k▲
Amounts receivable within one year40/41€4.80M€5.01M▲
Trade receivables40€4.72M€4.84M▲
Other amounts receivable41€79k€173k▲
Cash at bank and in hand54/58€153k€478k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€6.01M€6.58M▲
Equity10/15€4.22M€4.13M▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€3.97M€3.88M▼
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€42k€42k=
Distributable reserves133€3.90M€3.82M▼
Amounts payable17/49€1.79M€2.45M▲
Amounts payable within one year42/48€1.78M€2.44M▲
Trade debts44€1.41M€1.87M▲
Suppliers440/4€1.41M€1.87M▲
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€27k€86k▲
Taxes450/3€8k€30k▲
Remuneration and social security454/9€19k€55k▲
Other amounts payable47/48€347k€478k▲
Accrued charges and deferred income492/3€8k€8k=
Income statement
Code20242025
Operating income70/76A€32.82M€31.53M▼
Turnover70€32.82M€31.50M▼
Other operating income74€7k€23k▲
Non-recurring operating income76A-€2k
Operating charges60/66A€32.58M€31.28M▼
Goods for resale, raw materials and consumables60€30.36M€29.21M▼
Purchases600/8€29.89M€29.23M▼
Change in stocks: decrease (increase)609€476k€-24k▼
Services and other goods61€1.71M€1.49M▼
Remuneration, social security and pensions62€432k€469k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€58k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€45k€51k▲
Operating profit (loss)9901€240k€245k▲
Financial income75/76B€48k€75k▲
Recurring financial income75€48k€75k▲
Income from current assets751€7k€13k▲
Other financial income752/9€41k€62k▲
Financial charges65/66B€66k€52k▼
Recurring financial charges65€66k€52k▼
Debt charges650€8k€9k▲
Other financial charges652/9€59k€44k▼
Profit (loss) for the period before taxes9903€222k€268k▲
Income taxes67/77€15€68k▲
Taxes670/3€59k€68k▲
Tax adjustments and reversals of tax provisions77€59k-
Profit (loss) for the period9904€222k€200k▼
Profit (loss) for the period to be appropriated9905€222k€200k▼
Appropriation of the result
Profit (loss) to be appropriated9906€222k€200k▼
Transfer from equity791/2-€286k
From reserves792-€286k
Transfer to equity691/2€222k€200k▼
To other reserves6921€222k€200k▼
Profit to be distributed694/7-€286k
Return on contributions (dividend)694-€286k
Social balance
Average headcount (FTE)90879.49.8▲
The notes to these accounts (39 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 256 days late
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 236 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 268 days late
2023
31-03
Financial
Highest result since 2019net €251k ▲6429%
Operating result €341k, net result €251k, both a record.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 102 days late
2022
31-03
Financial
Weakest financial yearnet €4k ▼98.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 68 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 39 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Bonheiden · 1 establishment unit since 1967
Ground area
1,838 m²
Building footprint
346 m²
Volume, LiDAR
2,250 m³
Parcel 12005A0119/00X006, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Putsesteenweg 379, 2820 Bonheiden
since 19672.001.697.740
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005A0119/00X006 | Flanders | 1,838 m² | 1 · 346 m² | 8.3 m · 2 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
2024 to 2025 · 2 entries · 720 EUR awarded · 720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 96 EUR | 96 EUR |
| 2024 | 1 | 624 EUR | 624 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,235 companies in sector 47781 we hold annual accounts for 744. 253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-01-1967
Fiscal year end31-03
Activities, NACEBEL
46842Wholesale trade
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
51542
52481
46831Wholesale of construction materials, general range
47551Retail sale of household furniture
47591Retail trade
51532
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.