ACTIVE

VERWORST

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Financial year 2025 · closed on 31/03/2025

Net result

199,8 k €

-10.0% YoY

Revenue

31,5 M €

-4.0% YoY

Equity

4,1 M €

-2.0% YoY

Workforce

9,8 ETP

+4.3% YoY

What does VERWORST do?

VERWORST is a Public limited company incorporated in 1967. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Bonheiden. It employs on average 9,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.634.519

Incorporation

21/01/1967

Legal form

Public limited company

Registered office

Putsesteenweg 379
2820 Bonheiden · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

31/03/2025

Average workforce

9,8 ETP

Activities (NACE)

46742Wholesale of hardware, plumbing and heating equipment and supplies· main 46842Wholesale trade, except of motor vehicles and motorcycles 47781Other retail sale of new goods in specialised stores 47781Other retail sale of new goods in specialised stores 51542Air transport 52481Warehousing and support activities for transportation+6

Joint committees (7)

111
126
127
149
14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	31,5 M €	-4.0%	32,8 M €	-11.3%	37 M €	+25.4%	29,5 M €	+35.7%	21,8 M €	-19.0%	26,9 M €	-2.4%	27,5 M €	+11.4%	24,7 M €	+11.2%	22,2 M €	+4.6%	21,2 M €	-15.3%	25,1 M €	-6.8%	26,9 M €	-15.5%	31,8 M €	+7.9%	29,5 M €	+14.2%	25,8 M €	+26.8%	20,4 M €	-20.3%	25,5 M €	+14.2%	22,4 M €	+3.4%	21,6 M €
EBITDA	310 k €	+14.7%	270,1 k €	-42.1%	466,8 k €	+612%	65,5 k €	-79.3%	316,5 k €	-5.2%	333,9 k €	+51.2%	220,8 k €	+30.5%	169,2 k €	-37.3%	269,8 k €	-9.1%	296,6 k €	+79.3%	165,4 k €	-45.6%	303,9 k €	-16.3%	363,2 k €	-3.3%	375,6 k €	+20.5%	311,7 k €	-55.8%	705,9 k €	-16.4%	844,3 k €	+32.6%	636,5 k €	-8.9%	698,4 k €
Operating result	245,2 k €	+2.2%	240 k €	-29.7%	341,2 k €	+7782%	4,3 k €	-98.4%	264,5 k €	+21.3%	218,1 k €	+54.6%	141 k €	+22.8%	114,8 k €	-26.4%	156 k €	-30.9%	225,6 k €	+152%	89,6 k €	-60.2%	225,3 k €	-26.9%	308,2 k €	+28.4%	240,1 k €	+89.5%	126,7 k €	-47.8%	242,7 k €	-58.9%	590 k €	+58.7%	371,8 k €	-13.6%	430,2 k €
Net result	199,8 k €	-10.0%	222 k €	-11.5%	250,8 k €	+6429%	3,8 k €	-98.2%	209,8 k €	+47.1%	142,7 k €	+93.1%	73,9 k €	+16.6%	63,4 k €	-39.1%	104 k €	-52.3%	217,9 k €	+203%	72 k €	-60.7%	183,2 k €	-15.7%	217,3 k €	+19.4%	182 k €	+77.0%	102,8 k €	-40.7%	173,2 k €	-61.3%	447,9 k €	+46.3%	306,1 k €	-19.6%	380,7 k €
Balance sheet
Equity	4,1 M €	-2.0%	4,2 M €	+5.6%	4 M €	+6.7%	3,7 M €	+0.1%	3,7 M €	+5.9%	3,5 M €	+4.2%	3,4 M €	+2.2%	3,3 M €	+1.9%	3,3 M €	+3.3%	3,1 M €	+6.5%	3 M €	+2.5%	2,9 M €	+6.8%	2,7 M €	+8.8%	2,5 M €	+7.9%	2,3 M €	+4.7%	2,2 M €	+8.6%	2 M €	+17.2%	1,7 M €	+9.9%	1,6 M €
Total assets	6,6 M €	+9.5%	6 M €	-3.8%	6,2 M €	-12.6%	7,2 M €	+35.7%	5,3 M €	-1.6%	5,4 M €	-1.2%	5,4 M €	+0.5%	5,4 M €	+7.7%	5 M €	+4.4%	4,8 M €	+2.8%	4,7 M €	-8.1%	5,1 M €	-18.9%	6,3 M €	-8.1%	6,8 M €	+10.7%	6,1 M €	+8.1%	5,7 M €	-8.4%	6,2 M €	+10.7%	5,6 M €	-12.7%	6,4 M €
Cash	478,4 k €	+212%	153,4 k €	-42.3%	265,9 k €	+9.4%	243,1 k €	-67.4%	744,7 k €	+32.7%	561,3 k €	-28.5%	784,7 k €	-12.9%	901,3 k €	+44.4%	624 k €	-17.2%	753,3 k €	+119%	343,6 k €	+30.2%	263,9 k €	+322%	62,6 k €	-13.3%	72,2 k €	+181%	25,7 k €	-93.9%	422,4 k €	-14.2%	492,5 k €	+70.3%	289,2 k €	-25.6%	388,5 k €
Debts	2,4 M €	+36.9%	1,8 M €	-20.6%	2,2 M €	-34.0%	3,4 M €	+123%	1,5 M €	-16.2%	1,8 M €	-10.2%	2 M €	-2.1%	2,1 M €	+18.7%	1,7 M €	+11.1%	1,6 M €	-4.2%	1,6 M €	-22.7%	2,1 M €	-39.1%	3,5 M €	-18.1%	4,2 M €	+11.7%	3,8 M €	+9.4%	3,5 M €	-16.8%	4,2 M €	+7.8%	3,9 M €	-19.7%	4,8 M €
Other
Workforce	9,8 ETP	+4.3%	9,4 ETP	-2.1%	9,6 ETP	-10.3%	10,7 ETP	-2.7%	11,0 ETP	+14.6%	9,6 ETP	-22.0%	12,3 ETP	+2.5%	12,0 ETP	-3.2%	12,4 ETP	+2.5%	12,1 ETP	+19.8%	10,1 ETP	+4.1%	9,7 ETP	-2.0%	9,9 ETP	+8.8%	9,1 ETP	-11.7%	10,3 ETP	-1.0%	10,4 ETP	-23.0%	13,5 ETP	-3.6%	14,0 ETP	+2.2%	13,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 19 ended

Active mandates

HAVECO

Managing director · since 03 août 2019 · until 01 août 2026 · 0897.002.847

Represented by Hans Verworst

Active

PATRICK VERWORST

Managing director · since 03 août 2019 · until 01 août 2026 · 0889.443.676

Represented by Patrick Verworst

Active

Ended mandates

HAVECO

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0897.002.847

Represented by Hans Verworst

Ended

HAVECO

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0897.002.847

Represented by Hans Verworst

Ended

PATRICK VERWORST

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0889.443.676

Represented by Patrick Verworst

Ended

PATRICK VERWORST

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0889.443.676

Represented by Patrick Verworst

Ended

At this address

Other companies at this address

Company	CBE no.
BONIMMO● Active	0466.497.051
IMMO HAPAWO● Active	0441.373.853

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2026	24/06/2025	25/07/2024	10/02/2023	07/01/2022	09/12/2020
General meeting	13/07/2026	17/06/2025	17/07/2024	09/02/2023	30/11/2021	07/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	13/07/2026	14/07/2026	Dutch	PDF
Full model	31/03/2024	17/06/2025	24/06/2025	Dutch	PDF
Full model	31/03/2023	17/07/2024	25/07/2024	Dutch	PDF
Full model	31/03/2022	09/02/2023	10/02/2023	Dutch	PDF
Full model	31/03/2021	30/11/2021	07/01/2022	Dutch	PDF
Full model	31/03/2020	07/12/2020	09/12/2020	Dutch	PDF
Full model	31/03/2019	17/01/2020	10/02/2020	Dutch	PDF
Full model	31/03/2018	03/09/2018	28/09/2018	Dutch	PDF
Full model	31/03/2017	02/09/2017	29/09/2017	Dutch	PDF
Full model	31/03/2016	06/08/2016	12/10/2016	Dutch	PDF
Full model	31/03/2015	01/08/2015	26/11/2015	Dutch	PDF
Full model	31/03/2014	02/08/2014	30/09/2014	Dutch	PDF
Full model	31/03/2013	03/08/2013	30/11/2013	Dutch	PDF
Full model	31/03/2012	04/08/2012	30/11/2012	Dutch	PDF
Full model	31/03/2011	06/08/2011	30/11/2011	Dutch	PDF
Full model	31/03/2010	29/10/2010	29/10/2010	Dutch	PDF
Full model	31/03/2009	01/08/2009	07/09/2009	Dutch	PDF
Full model	31/03/2008	02/08/2008	29/08/2008	Dutch	PDF
Full modelCorrection	31/03/2007	04/08/2007	11/06/2008	Dutch	PDF
Full model	31/03/2007	04/08/2007	08/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 19 ended

Active mandates

HAVECO

Managing director · since 03 août 2019 · until 01 août 2026 · 0897.002.847

Represented by Hans Verworst

Active

PATRICK VERWORST

Managing director · since 03 août 2019 · until 01 août 2026 · 0889.443.676

Represented by Patrick Verworst

Active

Ended mandates

HAVECO

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0897.002.847

Represented by Hans Verworst

Ended

HAVECO

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0897.002.847

Represented by Hans Verworst

Ended

PATRICK VERWORST

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0889.443.676

Represented by Patrick Verworst

Ended

PATRICK VERWORST

Managing director · since 17 janvier 2020 · until 02 août 2025 · 0889.443.676

Represented by Patrick Verworst

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2007
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Other12/12/2007
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025199,8 k €↓
2024
Annual accounts 2024222 k €↓
2023
Annual accounts 2023250,8 k €↑
2022
Annual accounts 20223,8 k €↓
2021
Annual accounts 2021209,8 k €↑
2020
Annual accounts 2020142,7 k €↑
2019
Annual accounts 201973,9 k €↑
2018
Annual accounts 201863,4 k €↓
2017
Annual accounts 2017104 k €↓
2016
Annual accounts 2016217,9 k €↑
2015
Annual accounts 201572 k €↓
2014
Annual accounts 2014183,2 k €↓
2013
Annual accounts 2013217,3 k €↑
2012
Annual accounts 2012182 k €↑
2011
Annual accounts 2011102,8 k €↓
2010
Annual accounts 2010173,2 k €↓
2009
Annual accounts 2009447,9 k €↑
2008
Annual accounts 2008306,1 k €↓
2007
Annual accounts 2007380,7 k €
21/01/1967
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VERWORST

Overview

What does VERWORST do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline