Verstraete Technics
ActiveSummary
The computed 12-month bankruptcy probability of Verstraete Technics is 2.6% (moderate). The 2024 annual accounts show equity of €122k and a net result of €59k. Its solvency ranks better than 79% of 36375 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency98▲+6
Growth52
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.43 against 3.21 in 2023; short-term debt: 19.6% and cash: 24.1% of total assets), and 27% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
12 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€122k▲ 90.8%
2023 · €64k
2023: €64k
2023 → 2024
Total assets
€166k▲ 75.6%
2023 · €95k
2023: €95k
2023 → 2024
Net result
€59k▼ 5.4%
2023 · €62k
2023: €62k
2023 → 2024
Working capital
€112k▲ 106%
2023 · €54k
2023: €54k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€64k-€122k▲ 90.8%
Operating result€79k-€74k▼ 6.4%
Net result€62k-€59k▼ 5.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €166k
Fixed assets
€22k ▲ 36.5%
Current assets
€145k ▲ 83.4%
Equity and liabilities €166k
Equity
€122k ▲ 90.8%
Debt
€45k ▲ 44.3%
Debt's share of the balance-sheet total falls from 32.8% to 27.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79k▼
2023 · €82k
Cash flow
€64k▼
2023 · €65k
Current ratio
4.43▲
2023 · 3.21
Debt to equity
0.37▼
2023 · 0.49
ROE
48.6%▼
2023 · 98.0%
ROA
35.5%▼
2023 · 65.9%
Interest coverage
57.03▼
2023 · 150.51
Debt ≤ 1 year
€33k▲
2023 · €25k
Debt > 1 year
€12k▲
2023 · €6k
Income taxes
€15k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€95k€166k▲
Fixed assets21/28€16k€22k▲
Intangible fixed assets21€0€0▼
Tangible fixed assets22/27€16k€21k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€14k€20k▲
Financial fixed assets28€270€270=
Current assets29/58€79k€145k▲
Amounts receivable after more than one year29€30k€30k=
Trade receivables290€30k-
Other amounts receivable291-€30k
Amounts receivable within one year40/41€10k€43k▲
Trade receivables40€4k€36k▲
Other amounts receivable41€6k€7k▲
Current investments50/53-€30k
Cash at bank and in hand54/58€38k€40k▲
Deferred charges and accrued income490/1€514€2k▲
Equity and liabilities
Total equity and liabilities10/49€95k€166k▲
Equity10/15€64k€122k▲
Contributions10/11€2k€2k=
Reserves13€61k€119k▲
Distributable reserves133€61k€119k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€31k€45k▲
Amounts payable after more than one year17€6k€12k▲
Financial debts170/4€6k€12k▲
Amounts payable within one year42/48€25k€33k▲
Current portion of amounts payable after more than one year42€3k€5k▲
Financial debts43-€500
Credit institutions430/8-€500
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€16k€15k▼
Other amounts payable47/48€1k€1k▲
Accrued charges and deferred income492/3€695€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€2k€587▼
Non-recurring operating charges66A€923€3k▲
Gross operating margin9900€85k€83k▼
Operating profit (loss)9901€79k€74k▼
Financial income75/76B€118€1k▲
Recurring financial income75€118€1k▲
Financial charges65/66B€547€1k▲
Recurring financial charges65€547€1k▲
Profit (loss) for the period before taxes9903€79k€74k▼
Income taxes67/77€16k€15k▼
Profit (loss) for the period9904€62k€59k▼
Profit (loss) for the period to be appropriated9905€62k€59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€62k€59k▼
Transfer from equity791/2-€1k
Transfer to equity691/2€61k€59k▼
To other reserves6921€61k€59k▼
Profit to be distributed694/7€1k€1k▲
Return on contributions (dividend)694€1k€1k▲
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
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €122k ▲90.8%
2 profitable years in a row build equity to €122k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Izegem · 1 establishment unit since 2023
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.
Ter Beemden 848870 IzegemGround area
282 m²
Building footprint
78 m²
Volume, LiDAR
447 m³
Parcel 36494D1300/00T000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Verstraete Technics
since 20232.341.506.061
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1300/00T000 | Flanders | 282 m² | 1 · 78 m² | 8.4 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 785 EUR awarded · 662 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 123 EUR | 0 EUR |
| 2023 | 1 | 662 EUR | 662 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 3,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.