Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VERSO from Antwerpen, company number BE0447037861, closed financial year 2025 with a result of € 73,425 after tax. For that financial year VERSO recorded revenue of € 19.6 million and equity of € 5.4 million. Compared with financial year 2024, the result moved from € 144,869 to € 73,425. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 5.4 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,425
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 397,314
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.8 million.
People and assets in 2025
39.7
▲ 7.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 18% vs 2024
€ 72,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 30,874
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▲ 30% vs 2024
€ 249,055 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3.7 million
▲ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 81 days on average.
€ 770,998
▲ 63% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,680,851 | € 19,189,352 | € 19,739,701 | € 19,565,979 | ▼ 1% |
| Profit after taxes | € -90,350 | € 247,861 | € 144,869 | € 73,425 | ▼ 49% |
| Equity | € 4,915,895 | € 5,163,757 | € 5,308,626 | € 5,382,051 | ▲ 1% |
| Total debts | € 4,465,589 | € 4,797,172 | € 4,081,170 | € 6,237,053 | ▲ 53% |
| Cash | € 1,037,716 | € 818,937 | € 724,084 | € 397,314 | ▼ 45% |
| Retained profit | € 3,353,895 | € 3,601,757 | € 3,746,626 | € 3,820,051 | ▲ 2% |
| Bank debt | € 1,459,584 | € 1,616,326 | € 1,247,329 | € 1,625,565 | ▲ 30% |
| Balance sheet total | € 9,381,484 | € 9,960,928 | € 9,389,796 | € 11,619,104 | ▲ 24% |
| Employees (FTE) | 33.8 | 33.6 | 32.6 | 39.7 | ▲ 7.1 |
Key figures of VERSO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VERSO?
What happened at VERSO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DMM BV stepped down as director. NBB
- DLM BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 73,425 (▼ 49% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Maasmechelen. KBO
- DLM BV became a director. NBB
- DMM BV became a director. NBB
- New establishment in Knokke-Heist. KBO
In short
From € 90,350 loss in 2022 to € 73,425 profit in 2025.
Paid € 341,194 in corporate taxes since 2022.
Best year ever: 2023, with € 247,861 profit.
Pays suppliers within 81 days on average.
Management
The stake of FASHION CLUB RETAIL MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERSOThe shares are held by FASHION CLUB RETAIL MANAGEMENT (50%). It owns 100% of Le Pristine Antwerp and 99% of Verso-Café itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Miguel Dheedene
Also active at: FASHION CLUB 70, VERSO-CAFé, FASHION CLUB AGENCY MANAGEMENT, Fashion Club Immo Projects, FASHION CLUB RETAIL MANAGEMENT, Fashion Club Immo Management, Liu Jo Benelux, LE PRISTINE ANTWERP +2 more
since 2023 · until 2028
Director · represented by Luc Dheedene
Also active at: FASHION CLUB 70, VERSO-CAFé, FASHION CLUB AGENCY MANAGEMENT, Fashion Club Immo Projects, FASHION CLUB RETAIL MANAGEMENT, Fashion Club Immo Management, LE PRISTINE ANTWERP, GELATO GIULIANO +1 more
since 2023 · until 2028
Shareholders
Participations
100%
99%
Establishments
Establishment units
Physical locations of this company
Lange Gasthuisstraat 9-11
2000 Antwerpen
Kustlaan 273
8300 Knokke-Heist
Active since 1 February 2012
Zetellaan(E) 172
3630 Maasmechelen
Active since 30 March 2012
Schuttershofstraat 13
2000 Antwerpen
Active since 13 September 2013
Kustlaan 121
8300 Knokke-Heist
Active since 1 July 2021
Zetellaan(E) 172(E)
3630 Maasmechelen
Active since 17 April 2025
Brabantdam 11
9000 Gent
Active since 1 August 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →Camimmo
€ 497,622 gross margin · 2025
Helsmoortel Motors
€ 30,076 gross margin · 2025
Imolim
€ 2.4 million gross margin · 2025
Alkimmo
€ 14.1 million revenue · 2025
Himo
€ 22,580 gross margin · 2025
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.037.861
- VAT number
- BE 0447.037.861
- Registered office
- Lange Gasthuisstraat 9-11, 2000 Antwerpen
- Names & denominations
- VERSO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1992
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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