VERSTRAETE
ActiveVERSTRAETE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €532k and a net result of €-30k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 67% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability56▼-15
Solvency82=
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity ample (current ratio 1.83 against 2.12 in 2023; short-term debt: 13.9% and cash: 13.2% of total assets), and 43% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57%
Return on assets
-3.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-02-2026, 194 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
194 d late
2023
133 d late
2022
148 d late
2021
61 d late
2020
16 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€845k▲ 4.9%
2023 · €805k
2018: €143k
2019: €139k
2020: €171k
2021: €313k
2022: €1.15M
2023: €805k
2018 → 2024
EBIT margin
-4.3%▼ 8.3pp
2023 · 4.0%
2018: 5.1%
2019: 4.6%
2020: 12.0%
2021: 14.7%
2022: -1.5%
2023: 4.0%
2018 → 2024
Net result
€-30k
2023 · €17k
2018: €583
2019: €421
2020: €10k
2021: €34k
2022: €-22k
2023: €17k
2018 → 2024
Working capital
€108k▼ 13.7%
2023 · €125k
2018: €-11k
2019: €6k
2020: €37k
2021: €-46k
2022: €115k
2023: €125k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€171k-€313k▲ 83.3%€1.15M▲ 268%€805k▼ 30.3%€845k▲ 4.9%
Equity€534k-€567k▲ 6.3%€545k▼ 3.8%€562k▲ 3.0%€532k▼ 5.3%
Operating result€20k-€46k▲ 125%€-18k€33k€-36k
Net result€10k-€34k▲ 237%€-22k€17k€-30k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €36k after €33k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €843k
Fixed assets
€605k▼ 6.6%
Current assets
€238k▲ 0.6%
Equity and liabilities €934k
Equity
€532k▼ 5.3%
Debt
€402k▼ 5.8%
The debt ratio falls from 43.1% to 43.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€38k▼
2023 · €103k
Cash flow
€45k▼
2023 · €87k
Solvency
57.0%▲
2023 · 56.9%
Current ratio
1.83▼
2023 · 2.12
Quick ratio
1.60▼
2023 · 1.68
Debt / equity
0.76▼
2023 · 0.76
ROE
-5.6%▼
2023 · 3.0%
ROA
-3.2%▼
2023 · 1.7%
Interest coverage
6.87▼
2023 · 14.17
Debt
€402k▼
2023 · €426k
Debt ≤ 1 year
€130k▲
2023 · €111k
Debt > 1 year
€235k▼
2023 · €276k
Income taxes
€3k▼
2023 · €9k
Staff costs
€91k▲
2023 · €77k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€989k€934k▼
Formation expenses20€105k€91k▼
Fixed assets21/28€648k€605k▼
Tangible fixed assets22/27€647k€604k▼
Land and buildings22€419k€405k▼
Plant, machinery and equipment23€179k€155k▼
Furniture and vehicles24€45k€40k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€836€836=
Current assets29/58€236k€238k▲
Stocks and contracts in progress3€49k€29k▼
Stocks30/36€49k€29k▼
Amounts receivable within one year40/41€108k€77k▼
Trade receivables40€108k€77k▼
Other amounts receivable41€3€104▲
Cash at bank and in hand54/58€72k€123k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€989k€934k▼
Equity10/15€562k€532k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€494k€464k▼
Amounts payable17/49€426k€402k▼
Amounts payable after more than one year17€276k€235k▼
Financial debts170/4€276k€235k▼
Amounts payable within one year42/48€111k€130k▲
Current portion of amounts payable after more than one year42€42k€42k▲
Trade debts44€39k€54k▲
Suppliers440/4€39k€54k▲
Taxes, remuneration and social security45€24k€29k▲
Taxes450/3€18k€19k▲
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€6k€5k▼
Accrued charges and deferred income492/3€39k€37k▼
Income statement
Code20232024
Turnover70€805k€845k▲
Goods, raw materials, services and sundry goods60/61€614k€708k▲
Remuneration, social security and pensions62€77k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€75k▲
Other operating charges640/8€11k€7k▼
Gross operating margin9900€191k€137k▼
Operating profit (loss)9901€33k€-36k▼
Financial income75/76B€237€15k▲
Recurring financial income75€237€15k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€26k€-27k▼
Income taxes67/77€9k€3k▼
Profit (loss) for the period9904€17k€-30k▼
Profit (loss) for the period to be appropriated9905€17k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€494k€464k▼
Profit (loss) brought forward from the previous period14P€478k€494k▲
Social balance
Average headcount (FTE)90871.51.8▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 194 days late
2024
31-12
Financial
Weakest financial yearnet €-30k ▼281%
Net result drops to €-30k, the lowest in the series.
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 133 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 148 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 2.05
Current ratio from 0.80 to 2.05; short-term debt falls from €227k to €109k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
30-09
Financial
Highest result since 2018net €34k ▲237%
Operating result €46k, net result €34k, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Braine-le-Château · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Parc Industriel(W-B) 4A1440 Braine-le-ChâteauGround area
1.5 ha
Building footprint
1,917 m²
Parcel 25111A0447/00L004, Wallonia. Linked by address, not a title deed.
1 establishment unit
VERSTRAETE
since 19962.075.028.453
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0447/00L004 | Wallonia | 1.5 ha | 1 · 1,917 m² | - |
Linked by address, not proof of ownership
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.
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 452 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-12-1995
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46649Wholesale of other machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.