ACTIVE

VERSTRINGE

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Financial year 2025 · closed on 31/12/2025

Net result

5,8 k €

-31.9% YoY

Gross margin

36,7 k €

-13.4% YoY

Equity

247,4 k €

-4.0% YoY

What does VERSTRINGE do?

VERSTRINGE is a Private limited company incorporated in 1974. Its main activity is: Joinery installation. Its registered office is in Maldegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.104.381

Incorporation

29/03/1974

Legal form

Private limited company

Registered office

Buurtstraat 80
9990 Maldegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories 49410Freight transport by road 49410Freight transport by road

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	36,7 k €	-13.4%	42,4 k €	-24.6%	56,3 k €	+54.9%	36,3 k €	+2.8%	35,3 k €	-14.8%	41,5 k €	+39.1%	29,8 k €	+40.9%	21,2 k €	-67.6%	65,5 k €	+135%	27,9 k €	-7.6%	30,2 k €	-31.7%	44,2 k €	+161%	16,9 k €	-70.7%	57,8 k €	-11.4%	65,2 k €	-37.9%	105 k €	-3.2%	108,4 k €	-6.8%	116,3 k €	-3.1%	120,1 k €
EBITDA	35,7 k €	-13.3%	41,2 k €	-26.4%	56 k €	+55.2%	36,1 k €	+2.8%	35,1 k €	-14.3%	40,9 k €	+40.2%	29,2 k €	+46.4%	19,9 k €	-68.2%	62,7 k €	+140%	26,1 k €	-8.8%	28,6 k €	+3.8%	27,6 k €	+75.8%	15,7 k €	-71.7%	55,5 k €	+8.5%	51,1 k €	-16.3%	61,1 k €	+6.9%	57,2 k €	-10.7%	64 k €	-2.2%	65,5 k €
Operating result	7 k €	-43.8%	12,5 k €	-67.0%	37,8 k €	+121%	17,1 k €	-34.5%	26,1 k €	-23.0%	33,9 k €	+77.1%	19,2 k €	+120%	8,7 k €	-83.1%	51,4 k €	+226%	15,8 k €	+9.0%	14,4 k €	-48.6%	28,1 k €	+286%	-15,1 k €	-187%	17,3 k €	+31.5%	13,2 k €	+46.2%	9 k €	+47.4%	6,1 k €	-83.9%	38 k €	+11.6%	34 k €
Net result	5,8 k €	-31.9%	8,5 k €	-71.8%	30,2 k €	+135%	12,9 k €	-31.7%	18,8 k €	-39.7%	31,2 k €	+122%	14,1 k €	+121%	6,4 k €	-86.5%	47 k €	+284%	12,2 k €	-27.7%	16,9 k €	-23.5%	22,1 k €	+229%	-17,2 k €	-186%	19,9 k €	+34.1%	14,8 k €	+50.0%	9,9 k €	+47.5%	6,7 k €	-82.0%	37,3 k €	+16.3%	32,1 k €
Balance sheet
Equity	247,4 k €	-4.0%	257,6 k €	+2.8%	250,7 k €	+13.7%	220,4 k €	+6.2%	207,6 k €	+15.0%	180,4 k €	+9.9%	164,2 k €	-53.4%	352,6 k €	+1.8%	346,3 k €	+2.1%	339,1 k €	+3.7%	326,8 k €	+5.5%	309,9 k €	-6.9%	332,8 k €	-4.9%	350 k €	+0.5%	348,1 k €	-10.6%	389,5 k €	+2.6%	379,6 k €	+1.8%	372,9 k €	+11.1%	335,6 k €
Total assets	268,7 k €	-10.0%	298,4 k €	-2.9%	307,3 k €	+8.7%	282,8 k €	-7.5%	305,7 k €	+49.7%	204,2 k €	-47.7%	390,6 k €	-12.0%	443,6 k €	+0.2%	442,8 k €	+15.5%	383,3 k €	-29.3%	542,2 k €	+3.2%	525,7 k €	+3.9%	505,9 k €	-2.8%	520,8 k €	+1.4%	513,3 k €	-0.4%	515,3 k €	+1.7%	506,9 k €	-2.2%	518 k €	+6.7%	485,5 k €
Cash	89,6 k €	-32.2%	132,2 k €	+28.3%	103 k €	-6.2%	109,8 k €	-7.2%	118,4 k €	-15.9%	140,7 k €	-53.9%	305,2 k €	-16.6%	365,9 k €	+7.7%	339,6 k €	+21.8%	278,9 k €	-33.9%	422 k €	+15.1%	366,5 k €	+5.7%	346,8 k €	+28.4%	270,2 k €	+22.4%	220,8 k €	-15.0%	259,7 k €	+10.5%	235 k €	-25.1%	313,9 k €	+18.6%	264,8 k €
Debts	21,3 k €	-47.8%	40,8 k €	-27.9%	56,6 k €	-9.2%	62,3 k €	-36.5%	98,1 k €	+312%	23,8 k €	-89.3%	222,9 k €	+152%	88,5 k €	-6.4%	94,6 k €	+144%	38,7 k €	-82.0%	215,4 k €	+3.5%	208,2 k €	+25.0%	166,6 k €	+0.5%	165,7 k €	+2.7%	161,3 k €	+32.4%	121,8 k €	-1.2%	123,4 k €	-12.8%	141,4 k €	-3.7%	146,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,3 ETP	-35.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-13.0%	2,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Marleen Van Assche

Director · since 01 octobre 2017

Active

David Verstringe

Director · since 22 mars 2010

Active

Ended mandates

Marleen Van Assche

Manager · since 01 octobre 2017

Ended

David Verstringe

Manager · since 01 avril 2010

Ended

Christiaan Verstringe

Manager · since 15 août 1980 · until 26 mars 2019

Ended

Christiaan Verstringe

Manager · since 15 août 1980

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/08/2026	14/08/2025	10/07/2024	05/07/2023	13/06/2022	23/07/2021
General meeting	05/06/2026	05/06/2025	05/06/2024	05/06/2023	06/06/2022	07/06/2021
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
Micro model	31/12/2025	05/06/2026	18/08/2026	Dutch	PDF
Micro model	31/12/2024	05/06/2025	14/08/2025	Dutch	PDF
Micro model	31/12/2023	05/06/2024	10/07/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	05/07/2023	Dutch	PDF
Micro model	31/12/2021	06/06/2022	13/06/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	23/07/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	01/07/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	19/06/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	23/08/2018	Dutch	PDF
Micro model	31/12/2016	29/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	06/07/2010	03/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 2 active · 7 ended

Active mandates

Marleen Van Assche

Director · since 01 octobre 2017

Active

David Verstringe

Director · since 22 mars 2010

Active

Ended mandates

Marleen Van Assche

Manager · since 01 octobre 2017

Ended

David Verstringe

Manager · since 01 avril 2010

Ended

Christiaan Verstringe

Manager · since 15 août 1980 · until 26 mars 2019

Ended

Christiaan Verstringe

Manager · since 15 août 1980

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates01/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/01/2019
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Mandates19/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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 20255,8 k €↓
2024
Annual accounts 20248,5 k €↓
2023
Annual accounts 202330,2 k €↑
2022
Annual accounts 202212,9 k €↓
2021
Annual accounts 202118,8 k €↓
2019
Annual accounts 201931,2 k €↑
2018
Annual accounts 201814,1 k €↑
2017
Annual accounts 20176,4 k €↓
2016
Annual accounts 201647 k €↑
2015
Annual accounts 201512,2 k €↓
2014
Annual accounts 201416,9 k €↓
2013
Annual accounts 201322,1 k €↑
2012
Annual accounts 2012-17,2 k €↓
2011
Annual accounts 201119,9 k €↑
2010
Annual accounts 201014,8 k €↑
2009
Annual accounts 20099,9 k €↑
2008
Annual accounts 20086,7 k €↓
2007
Annual accounts 200737,3 k €↑
2006
Annual accounts 200632,1 k €
29/03/1974
IncorporationPrivate 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

VERSTRINGE

Overview

What does VERSTRINGE do?

Trend over 19 financial years

Indicative valuation

Board of directors

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