PIETER VERWORST
ActiveThe computed 12-month bankruptcy probability of PIETER VERWORST is 1.8% (moderate). The 2025 annual accounts show equity of €215k and a net result of €25k. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 26784 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+13
Solvency53▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.5 in 2024), and 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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
42.3%
Return on assets
4.9%
Age of the figures
8 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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
70 d early
2023
21 d early
2022
3 d early
2021
16 d early
2020
2 d early
← before the deadline
after the deadline →
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
06-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€215k▲ 13.1%
2024 · €190k
2020: €110k
2021: €134k
2022: €150k
2023: €173k
2024: €190k
2020 → 2025
Total assets
€509k▼ 1.1%
2024 · €514k
2020: €324k
2021: €329k
2022: €321k
2023: €320k
2024: €514k
2020 → 2025
Net result
€25k▲ 45.9%
2024 · €17k
2020: €5k
2021: €23k
2022: €16k
2023: €23k
2024: €17k
2020 → 2025
Working capital
€-66k▼ 5.8%
2024 · €-62k
2020: €-12k
2021: €2k
2022: €8k
2023: €20k
2024: €-62k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€150k▲ 12.3%€173k▲ 15.3%€190k▲ 9.8%€215k▲ 13.1%
Operating result€32k-€23k▼ 29.7%€31k▲ 35.3%€23k▼ 23.6%€38k▲ 62.1%
Net result€23k-€16k▼ 29.7%€23k▲ 39.7%€17k▼ 26.0%€25k▲ 45.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €509k
Fixed assets
€455k▲ 0.8%
Current assets
€53k▼ 15.4%
Equity and liabilities €509k
Equity
€215k▲ 13.1%
Debt
€293k▼ 9.5%
The debt ratio falls from 63.0% to 57.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€61k▲
2024 · €40k
Cash flow
€48k▲
2024 · €33k
Solvency
42.3%▲
2024 · 37.0%
Current ratio
0.45▼
2024 · 0.50
Quick ratio
0.45▼
2024 · 0.50
Debt / equity
1.36▼
2024 · 1.70
ROE
11.6%▲
2024 · 9.0%
ROA
4.9%▲
2024 · 3.3%
Interest coverage
8.55▼
2024 · 23.56
Debt
€293k▼
2024 · €324k
Debt ≤ 1 year
€119k▼
2024 · €125k
Debt > 1 year
€165k▼
2024 · €199k
Income taxes
€6k▲
2024 · €5k
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
Total assets
20/58€514k€509k▼
Fixed assets
21/28€452k€455k▲
Tangible fixed assets
22/27€452k€455k▲
Current assets
29/58€63k€53k▼
Amounts receivable within one year
40/41€50k€33k▼
Cash & bank
54/58€13k€16k▲
Total equity & liabilities
10/49€514k€509k▼
Equity
10/15€190k€215k▲
Contributions / capital
10/11€105k€105k=
Reserves
13€85k€110k▲
Amounts payable
17/49€324k€293k▼
Amounts payable after one year
17€199k€165k▼
Amounts payable within one year
42/48€125k€119k▼
Trade debts payable within one year
44€30k€7k▼
Income statement
Code20242025
Gross operating margin
9900€44k€63k▲
Operating result
9901€23k€38k▲
Financial income
75€21€13▼
Financial charges
65€2k€7k▲
Result before taxes
9903€22k€31k▲
Income taxes
67/77€5k€6k▲
Net result for the period
9904€17k€25k▲
Result to be appropriated
9905€17k€25k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €25k ▲45.9%
Operating result €38k, net result €25k, both a record.
31-12
Financial
Equity above €200kEq €215k ▲13.1%
6 profitable years in a row build equity to €215k.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €150k ▲12.3%
3 profitable years in a row build equity to €150k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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BART'S KOELTECHNIEK
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JANS JAN
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Ecowatt - Vandenbroecke
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Vilvoorde · Eq €216k
Of 9,467 companies in sector 43222 we hold annual accounts for 5,573. 4,709 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
68201Renting and operating of own or leased residential real estate, excluding social housing
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-07-2026. Scores and ratios are computed by Checked and are not a credit decision.