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 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VERLINDE from Ardooie, company number BE0471702585, closed financial year 2025 with a result of € 98,030 after tax. For that financial year VERLINDE recorded a gross margin of € 162,729 and equity of € 580,516. Compared with financial year 2024, the result moved from € 92,965 to € 98,030. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 580,516
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 98,030
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 4,935
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 95,000 paid out
97 % of the profit went to the shareholders, mostly to VERHODEKOR (80 % of the shares). That is where the money ends up.
People and assets in 2025
€ 10,614
▲ 87% vs 2024
Of which on lease € 2,232.
Debts at end 2025
€ 159,086
▼ 34% vs 2024
€ 83,148 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 30,025
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,772
▲ € 15,933 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 187,490 | € 220,096 | € 155,105 | € 162,729 | ▲ 5% |
| Profit after taxes | € 88,357 | € 151,044 | € 92,965 | € 98,030 | ▲ 5% |
| Equity | € 570,977 | € 572,021 | € 577,486 | € 580,516 | ▲ 1% |
| Total debts | € 1,301,436 | € 1,310,086 | € 1,203,532 | € 1,173,826 | ▼ 2% |
| Cash | € 1,846 | € 4,510 | € 10,497 | € 4,935 | ▼ 53% |
| Land & buildings | € 1,306,768 | € 1,271,980 | € 1,238,998 | € 1,207,441 | ▼ 3% |
| Retained profit | € 370,977 | € 372,021 | € 377,486 | € 380,516 | ▲ 1% |
| Dividend | € 475,000 | € 150,000 | € 87,500 | € 95,000 | ▲ 9% |
| Bank debt | € 407,072 | € 324,649 | € 241,989 | € 159,086 | ▼ 34% |
| Balance sheet total | € 1,872,414 | € 1,882,107 | € 1,781,018 | € 1,754,342 | ▼ 1% |
Key figures of VERLINDE, 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 October 2026.
What happened to VERLINDE?
What happened at VERLINDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 98,030 (▲ 5% vs 2024). Source: NBB ↗
- New establishment in Ardooie. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,357 profit in 2022 to € 98,030 profit in 2025.
Paid € 27,423 in corporate taxes since 2022.
Best year ever: 2023, with € 151,044 profit.
Paid out € 807,500 in dividends to the owners in total.
Management
The stake of VERHODEKOR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERLINDEBehind VERLINDE are Ivan Verlinde and Verhodekor. The shares are held by VERHODEKOR (80.1%). It owns 100% of Schilder- en decoratiewerken Castelein and 12.1% of Verho-Industries itself.
Directors
According to the 2025 annual accounts
Ivan Verlinde
Managing director
Also active at: VERHODEKOR, @VERHO, VERHO-INDUSTRIES, REBUILD PROJECTS
Shareholders
80.1%
Participations
Establishments
Establishment units
Physical locations of this company
Diksmuidse Boterweg 4 box B
8851 Ardooie
Diksmuidse Boterweg 4 B
8851 Ardooie
Active since 25 July 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.702.585
- VAT number
- BE 0471.702.585
- Registered office
- Diksmuidse Boterweg 4 bus B, 8851 Ardooie
- Names & denominations
- VERLINDE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 2000
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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