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Complete company report
Generated 13-08-2026
Active BE 0424.211.583Public limited company

Verstaen

Meulebeeksesteenweg 22 ·8700 Tielt, Belgium· 43 yrs active
Sector: Schrijnwerk (43320)
Conclusion Checked

The KBO register records legal situation 050 for Verstaen (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show equity of €537k and a net result of €26k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €537k
Net result €26k
Staff (FTE) 31.7
Better than sector 25%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health21Profitability18Solvency39Growth85Stability0
33 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 18
Solvency 39
Growth 85
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
10 / 100
Moderate riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 1 judicial reorganisation (+10)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
In judicial reorganisation
Ongoing procedure under court protection (Book XX WER). The company is restructuring.
Administrative Flags 0 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.
Health barometer FY 2020 · computed
21 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 19-05-2021 with the NBB · fiscal year 2020 · volledig
€0€5.00M€10.00M€15.00M€20.00MRevenue 2018: €12.34M€12.34MOperating result 2018: €102k€102kNet result 2018: €14k€14kRevenue 2019: €18.63M€18.63MOperating result 2019: €119k€119kNet result 2019: €19k€19kRevenue 2020: €19.25M€19.25MOperating result 2020: €165k€165kNet result 2020: €26k€26k201820192020
RevenueOperating resultNet result
Sector comparison
Fiscal year 2020 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 16.1% 33.0%
better than 25% of 263 sector peers
Net result €26k €17k
better than 61% of 263 sector peers
Equity €537k €138k
better than 80% of 263 sector peers
Employees (FTE) 31.7 7.8
better than 87% of 150 sector peers
Total assets €3.34M €557k
better than 87% of 263 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€19.25M
+3.3% 18-20
EBITDA
€185k
+32.5% 18-20
Net profit
€26k
+40.1% 18-20
Cash flow
€46k
+16.2% 18-20
Total assets
€3.34M
+17.1% 18-20
Equity
€537k
+5.1% 18-20
Working capital
€517k
+3.5% 18-20
Employees (FTE)
32
+12.0% 18-20
Income taxes
€24k
+15.5% 18-20
Debt
€2.80M
+19.7% 18-20
Debt ≤ 1y
€2.67M
+20.1% 18-20
Current ratio
1.19
-2.5% 18-20
Quick ratio
1.19
-2.5% 18-20
Solvency
16.1%
-10.3% 18-20
ROE
4.9%
+33.3% 18-20
ROA
0.8%
+19.6% 18-20
Net margin
0.1%
+35.6% 18-20
EBITDA margin
1.0%
+28.2% 18-20
Interest coverage
7.99
-0.8% 18-20
Figures by fiscal year
Fiscal year2020
Depositvolledig
Revenue€19.25M
EBITDA€185k
Net profit€26k
Cash flow€46k
Staff costs-
Income taxes€24k
Dividends-
Total assets€3.34M
Equity€537k
Debt€2.80M
of which ≤ 1y€2.67M
of which > 1y-
Working capital€517k
Employees (FTE)31.7
Ratios (computed)
2020
Current ratio1.19
Quick ratio1.19
Working capital ratio15.5%
Solvency16.1%
Debt / equity-
Long-term debt ratio-
Interest coverage7.99
Gross margin-
Net margin0.1%
ROA0.8%
ROE4.9%
EBITDA margin1.0%
Days sales outstanding50d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet, Assets
TOTAL ASSETS 20/58€3.34M
Fixed assets 21/28€154k
Tangible fixed assets 22/27€50k
Financial fixed assets 28€104k
Current assets 29/58€3.19M
Stocks & contracts in progress 3€5k
Amounts receivable within one year 40/41€2.65M
Cash & bank 54/58€537k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.34M
Equity 10/15€537k
Contributions / capital 10/11€62k
Reserves 13€475k
Amounts payable 17/49€2.80M
Amounts payable within one year 42/48€2.67M
Trade debts payable within one year 44€2.03M
Income statement
Turnover 70€19.25M
Operating result 9901€165k
Financial income 75€166
Financial charges 65€116k
Result before taxes 9903€50k
Income taxes 67/77€24k
Net result for the period 9904€26k
Result to be appropriated 9905€26k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • VeronaPro Groep NVLegal entity
    Managing director
    State Gazette act 22115306 (28-09-2022)
    Former
    - → 05-09-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Schrijnwerk(43320)
Legal form Public limited company(014)
Incorporation28-06-1983
StatusActive
Postal code8700
First BS signal 23-09-2022
Latest BS signal 23-09-2022
Establishment units 1 location
VERONA•PRO
Careelstraat 21, 8700 TieltVervaardiging van kulassen, drijfstangen, zuigers, zuigerringen, enz
since 19832.022.560.559
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
37303I0161/00C002 Flanders 2.1 ha 1 · 1.0 ha -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022
28-09-2022
State Gazette act Director changes
23-09-2022
Judicial reorganisation Opening
Ondernemingsrechtbank Gent · collectif · event 19-09-2022
2021
19-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
04-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
20-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
31-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
30-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
11-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
08-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
30-06-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
2013
27-06-2013
NBB filing Annual accounts filed
fiscal year 2012 · volledig
2012
27-04-2012
NBB filing Annual accounts filed
fiscal year 2011 · verkort
Lifecycle & Insolvency Signals 1 events
23-09-2022
Judicial reorganisation Opening
Date: 19-09-2022 · Ondernemingsrechtbank Gent · collectif · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-09-23 · Judicial reorganisation · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
28-09-2022 6 directors appointed, 1 resigning Director changes
  • Yves Lenders, Gedelegeerd bestuurder
  • Luc Germonpré, Gedelegeerd bestuurder
  • Linde Van Vracem, Gedelegeerd bestuurder
  • Félice Roes, Gedelegeerd bestuurder
  • Maxine Daems, Gedelegeerd bestuurder
  • Eric Van Zuijlen, Gedelegeerd bestuurder
  • VeronaPro Groep NV, Gedelegeerd bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Schrijnwerk43320Schrijnwerk43320Schrijnwerk van hout of van kunststof45421
Primary activity highlighted.
Names & trade names
Legal nameNL Verstaen
Registered office
Meulebeeksesteenweg 22
8700 Tielt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative