VERZEELE
Annual accounts 2025
abbreviated format, filed on 29-06-2026, 32 days before the deadline€160,162
▼ 6.8%
€618,925
▼ 2.3%
-€11,652
▼ €12,074
25.9%
▼ 1.2 percentage points
-7.3%
▼ 7.5 percentage points
-1.9%
▼ 1.9 percentage points
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €618,925 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
25.9%
Higher than 28% of 6,708 companies in 2025.
-1.9%
Higher than 11% of 6,673 companies in 2025.
VERZEELE
Middle half of the sector
80% of the sector
Abbreviated accounts in financial services (NACE 64)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
618,925 | 633,369 | 647,703 | 657,155 | 703,993 | 621,257 | 619,778 | 642,400 | 624,430 | 638,262 | 622,771 | 606,612 | |
21/28 |
604,096 | 624,344 | 637,793 | 652,342 | 676,172 | 617,664 | 618,202 | 623,118 | 607,673 | 608,753 | 609,758 | 602,368 | |
22/27 |
4,269 | 24,518 | 37,967 | 52,516 | 71,346 | 12,837 | 18,376 | 23,292 | 7,847 | 8,927 | 9,932 | 2,542 | |
22 |
- | - | 907 | 1,814 | 2,721 | 3,628 | 4,535 | 5,442 | 6,349 | 7,256 | 8,163 | - | |
23 |
3,470 | 1,174 | 149 | 224 | 4,580 | 8,936 | 13,293 | 17,650 | 1,096 | 1,671 | 1,500 | 2,003 | |
24 |
799 | 23,343 | 36,911 | 50,478 | 64,045 | 273 | 548 | 200 | 402 | - | 269 | 539 | |
28 |
599,826 | 599,826 | 599,826 | 599,826 | 604,826 | 604,827 | 599,826 | 599,826 | 599,826 | 599,826 | 599,826 | 599,826 | |
29/58 |
14,829 | 9,025 | 9,910 | 4,813 | 27,821 | 3,593 | 1,576 | 19,282 | 16,757 | 29,509 | 13,013 | 4,244 | |
40/41 |
268 | 5,976 | 3,129 | 2,283 | 17,547 | 2,497 | 796 | 18,257 | 15,692 | 18,244 | 4,500 | - | |
40 |
224 | 5,932 | 3,129 | 2,283 | 10,898 | 1,700 | - | 7,431 | 430 | - | - | - | |
41 |
43 | 43 | - | - | 6,649 | 797 | 796 | 10,826 | 15,262 | 18,244 | 4,500 | - | |
50/53 |
- | - | - | - | - | - | - | 46 | 56 | - | 997 | 1,986 | |
54/58 |
14,561 | 3,049 | 6,781 | 2,122 | 10,274 | 1,096 | 780 | 797 | 828 | 10,903 | 6,954 | 2,076 | |
490/1 |
- | - | - | 407 | - | - | - | 182 | 181 | 362 | 562 | 182 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
618,925 | 633,369 | 647,703 | 657,155 | 703,993 | 621,257 | 619,778 | 642,400 | 624,430 | 638,262 | 622,771 | 606,612 | |
10/15 |
160,162 | 171,814 | 171,392 | 181,126 | 210,017 | 254,685 | 259,304 | 233,531 | 186,693 | 167,645 | 151,383 | 116,131 | |
10/11 |
102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | |
100 |
- | - | - | - | - | - | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | 102,500 | |
13 |
10,393 | 10,393 | 10,393 | 10,393 | 10,393 | 10,393 | 10,393 | 10,393 | 10,394 | 10,346 | 10,250 | 10,250 | |
130/1 |
- | - | - | 10,250 | 10,250 | 10,250 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | 10,250 | |
1311 |
- | - | - | 10,250 | 10,250 | 10,250 | - | - | - | - | - | - | |
132 |
143 | 143 | 143 | 143 | 143 | 143 | 143 | 143 | 144 | 96 | - | - | |
133 |
10,250 | 10,250 | 10,250 | - | - | - | - | - | - | - | - | - | |
14 |
47,269 | 58,921 | 58,499 | 68,232 | 97,124 | 141,792 | 146,411 | 120,638 | 73,799 | 54,799 | 38,633 | 3,381 | |
17/49 |
458,763 | 461,555 | 476,311 | 476,029 | 493,976 | 366,572 | 360,474 | 408,869 | 437,737 | 470,617 | 471,388 | 490,481 | |
17 |
348,039 | 366,464 | 378,085 | 402,202 | 413,395 | 177,790 | 185,428 | 252,203 | 290,879 | 343,624 | 377,843 | 423,579 | |
170/4 |
348,039 | 366,464 | 378,085 | 402,202 | 413,395 | 177,790 | 185,428 | 252,203 | 290,879 | 343,624 | 377,843 | 423,579 | |
42/48 |
110,724 | 95,091 | 98,226 | 73,828 | 80,581 | 188,782 | 175,046 | 156,666 | 140,971 | 126,993 | 93,545 | 66,902 | |
42 |
13,897 | 12,759 | 11,714 | 11,638 | 17,868 | 74,041 | 76,174 | 77,468 | 67,983 | 70,785 | 71,363 | 58,449 | |
43 |
- | - | - | - | - | 1,812 | 4,647 | 1,647 | - | - | - | - | |
430/8 |
- | - | - | - | - | 1,812 | 4,647 | 1,647 | - | - | - | - | |
44 |
1,257 | 3,493 | 315 | 1,370 | 2,701 | 8,943 | 3,853 | 489 | 43 | 21 | 17,007 | 800 | |
440/4 |
1,257 | 3,493 | 315 | 1,370 | 2,701 | 8,943 | 3,853 | 489 | 43 | 21 | 17,007 | 800 | |
46 |
- | - | - | - | - | - | 11,000 | - | - | - | - | - | |
45 |
13,373 | 4,111 | 4,156 | 5,900 | 7,063 | 20,220 | 8,739 | 8,486 | 6,565 | 2,758 | 5,175 | 7,653 | |
450/3 |
11,723 | 4,111 | 4,156 | 4,500 | 5,663 | 20,220 | 8,739 | 8,486 | 2,365 | 2,758 | 5,175 | 7,653 | |
454/9 |
1,650 | - | - | 1,400 | 1,400 | - | - | - | 4,200 | - | - | - | |
47/48 |
82,197 | 74,729 | 82,041 | 54,920 | 52,949 | 83,766 | 70,633 | 68,576 | 66,380 | 53,429 | - | - | |
492/3 |
- | - | - | - | - | - | - | - | 5,887 | - | - | - | |
| Income statement | |||||||||||||
76A |
17,657 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
13,811 | 40,107 | 31,228 | 31,536 | -16,060 | 17,598 | 54,539 | 82,091 | 51,192 | 44,950 | 73,303 | 81,890 | |
630 |
967 | 14,556 | 14,549 | 18,831 | 9,329 | 5,538 | 5,738 | 5,964 | 1,682 | 1,751 | 1,680 | 1,638 | |
631/4 |
- | - | - | 3,898 | - | - | - | - | - | - | - | - | |
640/8 |
1,083 | 1,057 | 1,732 | 1,021 | 6,703 | 2,985 | 955 | 1,331 | 1,251 | 1,124 | 1,304 | 1,054 | |
9901 |
11,762 | 24,494 | 14,947 | 7,786 | -32,092 | 9,075 | 47,846 | 74,796 | 48,259 | 42,075 | 70,319 | 79,198 | |
75/76B |
0 | - | 0 | 1 | - | - | 906 | - | - | - | 10 | 5 | |
75 |
0 | - | 0 | 1 | - | - | 906 | - | - | - | 10 | 5 | |
65/66B |
23,096 | 23,795 | 24,368 | 36,342 | 12,213 | 8,394 | 15,776 | 17,005 | 20,785 | 19,494 | 19,343 | 18,924 | |
65 |
23,096 | 23,795 | 24,368 | 31,342 | 12,213 | 8,394 | 15,776 | 17,005 | 20,785 | 19,494 | 19,343 | 18,924 | |
66B |
- | - | - | 5,000 | - | - | - | - | - | - | - | - | |
9903 |
-11,334 | 698 | -9,421 | -28,555 | -44,305 | 681 | 32,976 | 57,791 | 27,474 | 22,581 | 50,986 | 60,279 | |
67/77 |
318 | 277 | 312 | 337 | 363 | 5,300 | 7,203 | 10,952 | 8,426 | 6,319 | 15,734 | 18,561 | |
9904 |
-11,652 | 422 | -9,734 | -28,892 | -44,668 | -4,619 | 25,773 | 46,839 | 19,048 | 16,262 | 35,252 | 41,718 | |
689 |
- | - | - | - | - | - | - | - | 48 | 96 | - | - | |
9905 |
-11,652 | 422 | -9,734 | -28,892 | -44,668 | -4,619 | 25,773 | 46,839 | 19,000 | 16,166 | 35,252 | 41,718 | |
| Appropriation of the result | |||||||||||||
9906 |
47,269 | 58,921 | 58,499 | 68,232 | 97,124 | 141,792 | 146,411 | 120,638 | 73,799 | 54,799 | 38,633 | 13,631 | |
14P |
58,921 | 58,499 | 68,232 | 97,124 | 141,792 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 10,250 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 10,250 | |
| Document | |||||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-06-2026 | 2026-00241945 | |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00311311 | |
| 31-12-2023 | abbreviated format | 21-06-2024 | 2024-00156613 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00409287 | |
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20218893 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-56800081 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-48900200 | |
| 31-12-2018 | abbreviated format | 23-08-2019 | 2019-49700044 | |
| 31-12-2017 | abbreviated format | 06-07-2018 | 2018-29800015 | |
| 31-12-2016 | abbreviated format | 23-06-2017 | 2017-20300572 | |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-29200271 | |
| 31-12-2014 | abbreviated format | 26-06-2015 | 2015-21800267 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,062 | 1,107 | 0 | -4,999 | 67,837 | 5,000 | 822 | 21,410 | 602 | 746 | 9,070 | 2,500 | ||
| 11,512 | -3,731 | 4,659 | -8,152 | 9,178 | 316 | -17 | -31 | -10,075 | 3,949 | 4,878 | - | ||
| 25.9% | 27.1% | 26.5% | 27.6% | 29.8% | 41.0% | 41.8% | 36.4% | 29.9% | 26.3% | 24.3% | 19.1% | ||
| -7.3% | 0.2% | -5.7% | -16.0% | -21.3% | -1.8% | 9.9% | 20.1% | 10.2% | 9.7% | 23.3% | 35.9% | ||
| -1.9% | 0.1% | -1.5% | -4.4% | -6.3% | -0.7% | 4.2% | 7.3% | 3.1% | 2.5% | 5.7% | 6.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €244,550 | €256,264 | €267,902 | €285,770 |
| Carrying value of the other pledged assets | - | €599,760 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,062 | €1,107 | - | - | €67,837 |
| €967 | €14,556 | €14,549 | €18,831 | €9,329 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VERZEELE
The operating result for 2025 is 52% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 72.9% to 74.1%. Equity and debt are lower.