VERSCHELDE PROJECTS
ActiveVERSCHELDE PROJECTS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €27k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 12646 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +55 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency99▲+11
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 1.81 in 2024), and 36.6% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
63.4%
Return on assets
21%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
29 d late
2022
101 d late
2021
30 d late
2020
89 d late
2019
31 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
07-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▲ 49.5%
2024 · €54k
2019: €48k
2020: €54k
2021: €74k
2022: €63k
2023: €67k
2024: €54k
2019 → 2025
Total assets
€127k▲ 10.3%
2024 · €116k
2019: €79k
2020: €81k
2021: €107k
2022: €123k
2023: €117k
2024: €116k
2019 → 2025
Net result
€27k
2024 · €-13k
2019: €23k
2020: €7k
2021: €20k
2022: €-11k
2023: €3k
2024: €-13k
2019 → 2025
Working capital
€72k▲ 43.8%
2024 · €50k
2019: €43k
2020: €50k
2021: €72k
2022: €60k
2023: €61k
2024: €50k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€63k▼ 14.5%€67k▲ 5.5%€54k▼ 19.2%€81k▲ 49.5%
Operating result€22k-€-11k€4k€-14k€30k
Net result€20k-€-11k€3k€-13k€27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €14k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€9k▲ 117%
Current assets
€118k▲ 6.3%
Equity and liabilities €127k
Equity
€81k▲ 49.5%
Debt
€47k▼ 24.2%
The debt ratio falls from 53.2% to 36.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€34k▲
2024 · €-12k
Cash flow
€31k▲
2024 · €-11k
Solvency
63.4%▲
2024 · 46.8%
Current ratio
2.54▲
2024 · 1.81
Quick ratio
2.39▲
2024 · 1.71
Debt / equity
0.58▼
2024 · 1.14
ROE
33.1%▲
2024 · -23.8%
ROA
21.0%▲
2024 · -11.1%
Interest coverage
163.21▲
2024 · -32.02
Debt
€47k▼
2024 · €62k
Debt ≤ 1 year
€47k▼
2024 · €62k
Income taxes
€4k
Staff costs
€176k▲
2024 · €152k
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 assets20/58€116k€127k▲
Fixed assets21/28€4k€9k▲
Tangible fixed assets22/27€4k€9k▲
Current assets29/58€111k€118k▲
Stocks & contracts in progress3€6k€7k▲
Amounts receivable within one year40/41€21k€17k▼
Investments50/53€30k€20k▼
Cash & bank54/58€52k€73k▲
Total equity & liabilities10/49€116k€127k▲
Equity10/15€54k€81k▲
Contributions / capital10/11€19k€19k=
Reserves13€56k€62k▲
Accumulated profits (losses)14€-20k-
Amounts payable17/49€62k€47k▼
Amounts payable within one year42/48€62k€47k▼
Trade debts payable within one year44€29k€22k▼
Income statement
Code20242025
Gross operating margin9900€146k€216k▲
Operating result9901€-14k€30k▲
Financial income75€2k€1k▼
Financial charges65€371€208▼
Result before taxes9903€-13k€31k▲
Income taxes67/77-€4k
Net result for the period9904€-13k€27k▲
Result to be appropriated9905€-13k€27k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-13k ▼468%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
19-01
State Gazette act
Statutes amendment
v3.2
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneState Gazette actNBB 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
Directors
1 director, last change in 2024
DE REYGHER, Anne Marie Georgette Raymonde
CurrentDirector · since 19-01-2024
19-01-2024
Appointed as Director
Not every act has been read: a resignation may be missing here
1 of this company's 1 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2001
Ground area
399 m²
Building footprint
365 m²
Volume, LiDAR
5,408 m³
2 parcels, Flanders · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
TAVERNE NR 9
since 20012.097.713.387
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0018/00H000 | Flanders | 248 m² | 1 · 244 m² | 24.2 m · 7 fl. |
| 35386D0178/00G008 | Flanders | 151 m² | 1 · 121 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
EUROCAF
BE 0476.242.878
Brussel · Eq €81k
De Kapel
BE 0542.559.107
Diest · Eq €81k
CREMAG
BE 1004.524.476
Lommel · Eq €81k
GOLDEN OKI
BE 0798.373.346
Machelen (Brab.) · Eq €81k
KAFFEE-FM
BE 0844.572.961
Machelen (Brab.) · Eq €81k
Of 13,827 companies in sector 56301 we hold annual accounts for 4,707. 3,733 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2000
Fiscal year end31-12
Activities, NACEBEL
55302
55401
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
92340
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 03-08-2026. Scores and ratios are computed by Checked and are not a credit decision.