VERSACO
ActiveSummary
VERSACO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of €49,573. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 90% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 22.03 against 15.4 in 2024; short-term debt: 0.6% and cash: 11.2% of total assets), and 10% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
90%
Return on assets
1.3%
Age of the figures
9 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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
114 d early
2023
44 d early
2022
49 d early
2021
48 d early
2020
46 d early
2019
106 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by equity in Wuustwezel, Real estate sector#6 company by total assets in Wuustwezel, Real estate sector#8 oldest company in Wuustwezel, Real estate sector
Equity
€3.4m▲ 1.5%
2024 · €3.3m
Total assets
€3.7m▲ 1.0%
2024 · €3.7m
Net result
€49,573▲ 2.3%
2024 · €48,455
Working capital
€509,865▼ 3.2%
2024 · €526,460
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,870€29,080€44,214▲ 52.0%€46,374▲ 4.9%€48,678▲ 5.0%
Net result€85,825▲ 37.5%€29,467▼ 65.7%€44,007▲ 49.3%€48,455▲ 10.1%€49,573▲ 2.3%
Equity€3.2m▲ 2.8%€3.2m▲ 0.9%€3.3m▲ 1.4%€3.3m▲ 1.5%€3.4m▲ 1.5%
Total assets€3.6m▲ 14.0%€3.6m▲ 0.6%€3.7m▲ 1.4%€3.7m▲ 1.1%€3.7m▲ 1.0%
Debt€393,902▲ 921%€386,319▼ 1.9%€392,297▲ 1.5%€385,353▼ 1.8%€374,162▼ 2.9%
Working capital€383,278▲ 2.6%€371,251▼ 3.1%€455,807▲ 22.8%€526,460▲ 15.5%€509,865▼ 3.2%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€3.2m ▲ 2.1%
Current assets
€534,106 ▼ 5.1%
Equity and liabilities €3.7m
Equity
€3.4m ▲ 1.5%
Debt
€374,162 ▼ 2.9%
Debt's share of the balance-sheet total falls from 10.4% to 10.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€217,068▲
2024 · €205,747
Cash flow
€217,963▲
2024 · €207,828
Current ratio
22.03▲
2024 · 15.40
Debt to equity
0.11▼
2024 · 0.12
ROE
1.5%▲
2024 · 1.5%
ROA
1.3%▲
2024 · 1.3%
Interest coverage
667.49▼
2024 · 803.29
Debt ≤ 1 year
€24,241▼
2024 · €36,559
Debt > 1 year
€349,744▲
2024 · €348,794
Income taxes
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,000 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €155,719 | €153,572 | €152,340 | €159,373 | €168,390 | ▲ 5.7% |
| Other operating charges640/8 | €39,331 | €29,856 | €34,344 | €35,580 | €36,695 | ▲ 3.1% |
| Gross operating margin9900 | €181,181 | €212,508 | €230,898 | €241,326 | €253,763 | ▲ 5.2% |
| Operating profit (loss)9901 | -€13,870 | €29,080 | €44,214 | €46,374 | €48,678 | ▲ 5.0% |
| Financial income75/76B | €99,942 | €608 | €48 | €2,338 | €1,221 | ▼ 47.8% |
| Recurring financial income75 | €1,331 | €608 | €48 | €2,338 | €1,221 | ▼ 47.8% |
| Non-recurring financial income76B | €98,611 | - | - | - | - | - |
| Financial charges65/66B | €248 | €222 | €255 | €256 | €325 | ▲ 27.0% |
| Recurring financial charges65 | €248 | €222 | €255 | €256 | €325 | ▲ 27.0% |
| Profit (loss) for the period before taxes9903 | €85,825 | €29,467 | €44,007 | €48,455 | €49,574 | ▲ 2.3% |
| Income taxes67/77 | - | - | - | - | €1 | - |
| Profit (loss) for the period9904 | €85,825 | €29,467 | €44,007 | €48,455 | €49,573 | ▲ 2.3% |
| Profit (loss) for the period to be appropriated9905 | €85,825 | €29,467 | €44,007 | €48,455 | €49,573 | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.6m | €3.7m | €3.7m | €3.7m | ▲ 1.0% |
| Fixed assets21/28 | €3.2m | €3.2m | €3.2m | €3.1m | €3.2m | ▲ 2.1% |
| Tangible fixed assets22/27 | €3.2m | €3.2m | €3.2m | €3.1m | €3.2m | ▲ 2.1% |
| Land and buildings22 | €3.1m | €3.2m | €3.1m | €3.1m | €3.2m | ▲ 4.2% |
| Furniture and vehicles24 | €7,960 | €1,293 | €0 | - | - | - |
| Assets under construction and advance payments27 | - | - | €21,019 | €61,969 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | €475 | €0 | - | - |
| Current assets29/58 | €429,161 | €409,550 | €498,310 | €563,019 | €534,106 | ▼ 5.1% |
| Amounts receivable within one year40/41 | €21,847 | €1,357 | €102,983 | €111,952 | €113,454 | ▲ 1.3% |
| Trade receivables40 | €21,418 | €1,357 | €2,983 | €6 | €13 | ▲ 108% |
| Other amounts receivable41 | €428 | - | €100,000 | €111,946 | €113,442 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €406,230 | €406,637 | €380,275 | €450,951 | €420,016 | ▼ 6.9% |
| Deferred charges and accrued income490/1 | €1,084 | €1,557 | €15,053 | €116 | €636 | ▲ 447% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.6m | €3.7m | €3.7m | €3.7m | ▲ 1.0% |
| Equity10/15 | €3.2m | €3.2m | €3.3m | €3.3m | €3.4m | ▲ 1.5% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Capital10 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Issued capital100 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Revaluation surpluses12 | €684,923 | €684,923 | €684,923 | €684,923 | €684,923 | = |
| Reserves13 | €195,895 | €195,895 | €1.2m | €1.2m | €1.3m | ▲ 4.0% |
| Non-distributable reserves130/1 | €136,916 | €136,916 | €136,916 | €136,916 | €136,916 | = |
| Legal reserve130 | €136,916 | €136,916 | €136,916 | €136,916 | €136,916 | = |
| Distributable reserves133 | €58,979 | €58,979 | €1.0m | €1.1m | €1.1m | ▲ 4.5% |
| Profit (loss) carried forward14 | €940,966 | €970,432 | €44,007 | €48,455 | €49,573 | ▲ 2.3% |
| Amounts payable17/49 | €393,902 | €386,319 | €392,297 | €385,353 | €374,162 | ▼ 2.9% |
| Amounts payable after more than one year17 | €348,019 | €348,019 | €349,794 | €348,794 | €349,744 | ▲ 0.3% |
| Other amounts payable178/9 | €348,019 | €348,019 | €349,794 | €348,794 | €349,744 | ▲ 0.3% |
| Amounts payable within one year42/48 | €45,883 | €38,300 | €42,503 | €36,559 | €24,241 | ▼ 33.7% |
| Trade debts44 | €38,802 | €5,300 | €17,082 | €4,823 | €5,823 | ▲ 20.7% |
| Suppliers440/4 | €38,802 | €5,300 | €17,082 | €4,823 | €5,823 | ▲ 20.7% |
| Taxes, remuneration and social security45 | €6,405 | €16,257 | €13,047 | €22,093 | €13,729 | ▼ 37.9% |
| Taxes450/3 | €6,405 | €16,257 | €13,047 | €22,093 | €13,729 | ▼ 37.9% |
| Other amounts payable47/48 | €676 | €16,743 | €12,374 | €9,644 | €4,689 | ▼ 51.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €177 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,825 | €29,467 | €44,007 | €48,455 | €49,573 | ▲ 2.3% |
| + Depreciation and write-downs630 | €155,719 | €153,572 | €152,340 | €159,373 | €168,390 | ▲ 5.7% |
| Operating cash flow (approximation) | €241,544 | €183,038 | €196,347 | €207,828 | €217,963 | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | -€195,066 | -€113,565 | -€136,176 | -€235,684 | ▼ 73.1% |
| Change in cash | - | €406 | -€26,362 | €70,676 | -€30,935 | ▼ 144% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 13current ratio 14.58
Current ratio from 1.09 to 14.58; short-term debt falls from €2.4m to €27,495.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €513,142
Net result €513,142 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Wuustwezel · 1 establishment unit since 1991
Ground area
9,611 m²
Building footprint
7,747 m²
Volume, LiDAR
44,456 m³
Parcel 11682G0417/00B002, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bredabaan (Centrum) 853, 2990 Wuustwezel
since 19912.052.243.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0417/00B002 | Flanders | 9,611 m² | 1 · 7,747 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,906. 2,127 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.