Active BE 0406.744.358Public limited company

VERRIEST VERZEKERT

Bossuitstraat(M) 83 ·8552 Zwevegem, Belgium· 57 yrs active

Sector: Renting and operating of own or leased non-residential real estate, excluding land (68203)

Conclusion Checked

VERRIEST VERZEKERT has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130k and a net result of €40k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 19340 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€130k
Net result	€40k
Staff (FTE)	1.6
Better than sector	34%

Financial profile 5 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 9

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1969, 57 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

51 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€7k

estimate, not credit advice

Score history

43 2021

43 2022

51 2023

51 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.14 (< 1.0) -10

Quick ratio Quick ratio 0.14 (< 0.6) -5

Leverage Debt/equity 6.80 (> 3.0) -10

Profitability ROE 31% (≥ 10%) +10

Interest coverage Interest coverage 6.0× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview47 NBB filings

Annual accounts filed on 01-12-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~20.6%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	12.8%	31.1%	better than 34% of 19340 sector peers
Net result	€40k	€4k	better than 80% of 19328 sector peers
Equity	€130k	€87k	better than 57% of 19357 sector peers
Gross operating margin	€240k	€39k	better than 91% of 19284 sector peers
Staff costs	€78k	€30k	higher than 79% of 3582 sector peers

EBITDA

€145k

-5.0% 21-24

Net profit

€40k

+1.1% 21-24

Cash flow

€107k

-12.4% 21-24

Total assets

€1.01M

+1.8% 21-24

Equity

€130k

+24.4% 21-24

Working capital

€-348k

-11.9% 21-24

Employees (FTE)

2

-15.8% 21-24

Staff costs

€78k

-19.4% 21-24

Income taxes

€14k

-16.3% 21-24

Debt

€882k

-0.8% 21-24

Debt ≤ 1y

€404k

+18.5% 21-24

Debt > 1y

€470k

-13.8% 21-24

Current ratio

0.14

+58.5% 21-24

Quick ratio

0.14

+58.5% 21-24

Solvency

12.8%

+22.2% 21-24

Debt / equity

6.80

-20.3% 21-24

ROE

31.2%

-18.8% 21-24

ROA

4.0%

-0.7% 21-24

Interest coverage

6.00

-45.7% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€145k	€152k	€133k	€162k
Net profit	€40k	€40k	€17k	€33k
Cash flow	€107k	€122k	€109k	€130k
Staff costs	€78k	€97k	€85k	€51k
Income taxes	€14k	€17k	€11k	€14k
Dividends	-	-	-	-
Total assets	€1.01M	€994k	€1.07M	€1.15M
Equity	€130k	€104k	€82k	€81k
Debt	€882k	€890k	€984k	€1.07M
of which ≤ 1y	€404k	€341k	€351k	€333k
of which > 1y	€470k	€545k	€630k	€726k
Working capital	€-348k	€-311k	€-306k	€-294k
Employees (FTE)	1.6	1.9	1.8	1.4

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.14	0.09	0.13	0.12
Quick ratio	0.14	0.09	0.13	0.12
Working capital ratio	-34.4%	-31.3%	-28.7%	-25.6%
Solvency	12.8%	10.5%	7.7%	7.1%
Debt / equity	6.80	8.53	11.96	13.14
Long-term debt ratio	3.62	5.22	7.66	8.93
Interest coverage	6.00	11.04	8.38	8.93
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	4.0%	4.0%	1.6%	2.9%
ROE	31.2%	38.4%	20.4%	40.6%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €956k · 94.5% Current assets €56k · 5.5%

Equity & liabilities

Equity €130k · 12.8% Debt €882k · 87.2%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.01M	€994k	€1.07M	€1.15M
Fixed assets	21/28	€956k	€964k	€1.02M	€1.11M
Intangible fixed assets	21	-	-	€1k	€9k
Tangible fixed assets	22/27	€956k	€964k	€1.02M	€1.10M
Financial fixed assets	28	€114	€114	€114	€114
Current assets	29/58	€56k	€30k	€45k	€39k
Amounts receivable within one year	40/41	€16k	€11k	€26k	€21k
Cash & bank	54/58	€3k	€13k	€13k	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.01M	€994k	€1.07M	€1.15M
Equity	10/15	€130k	€104k	€82k	€81k
Contributions / capital	10/11	€124k	€124k	€124k	€124k
Reserves	13	€15k	€15k	€15k	€17k
Accumulated profits (losses)	14	€-9k	€-35k	€-57k	€-60k
Provisions & deferred taxes	16	-	-	-	€761
Amounts payable	17/49	€882k	€890k	€984k	€1.07M
Amounts payable after one year	17	€470k	€545k	€630k	€726k
Amounts payable within one year	42/48	€404k	€341k	€351k	€333k
Trade debts payable within one year	44	€15k	€17k	€34k	€28k
Income statement
Gross operating margin	9900	€240k	€261k	€230k	€227k
Operating result	9901	€78k	€71k	€41k	€65k
Financial income	75	€117	€1	€182	€22
Financial charges	65	€24k	€14k	€16k	€18k
Result before taxes	9903	€54k	€57k	€25k	€47k
Income taxes	67/77	€14k	€17k	€11k	€14k
Net result for the period	9904	€40k	€40k	€17k	€33k
Result to be appropriated	9905	€40k	€40k	€17k	€35k

Directors & mandates 2 directors

Current directors & mandates

Igor Verriest
Managing director
State Gazette act 25313468 (21-02-2025)

Current
21-02-2025 → present
2 events
- 21-02-2025 Appointed· Managing director
- 21-02-2025 Appointed· Daily management
Veerle Spiessens
Daily management
State Gazette act 25313468 (21-02-2025)

Current
21-02-2025 → present

Legal Structure

NACE primary	Renting and operating of own or leased non-residential real estate, excluding land(68203)
Legal form	Public limited company(014)
Incorporation	06-06-1969
Status	Active
Postal code	8552

Establishment units 1 location

Verriest Verzekert

Bossuitstraat(M) 83, 8552 ZwevegemOther activities auxiliary to financial services, excluding insurance and pension funding

since 20212.313.328.551

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34028C0181/00P000	Flanders	1,212 m²	1 · 340 m²	8.5 m · 1 fl.

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.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

2025

01-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 123 days late

21-02

State Gazette act Director changes

Stan Devos

2024

31-12

Financial Highest result since 2021net €40k ▲1.1%

Operating result €78k, net result €40k, both a record.

19-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 111 days late

2023

31-12

Financial Equity above €100kEq €104k ▲26.8%

3 profitable years in a row build equity to €104k.

14-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 106 days late

2022

31-12

Financial Weakest financial yearnet €17k ▼49.2%

Net result drops to €17k, the lowest in the series; recovery starts the following year.

02-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 94 days late

2020

10-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 102 days late

2019

11-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 72 days late

2018

27-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 58 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 60 days late

2016

05-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 66 days late

2015

31-12

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 153 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

21-02-2025 3 directors appointed Director changes·Stan Devos

Igor Verriest, Gedelegeerd bestuurder
Igor Verriest, Dagelijks bestuur
Veerle Spiessens, Dagelijks bestuur

Notary: Stan Devos · Zwevegem

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Renting and operating of own or leased non-residential real estate, excluding land68203

Names & trade names

Legal nameNL

VERRIEST VERZEKERT

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