MANAGEMENT VERMEULEN
ActiveMANAGEMENT VERMEULEN has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €-22k. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-68
Solvency75▼-25
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.92 in 2024; short-term debt: 50.3% and cash: 9.3% of total assets), and 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.7%
Return on assets
-14%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
25 d early
2024
4 d late
2023
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▼ 21.9%
2024 · €99k
2023: €98k
2024: €99k
2023 → 2025
Total assets
€155k▲ 32.4%
2024 · €117k
2023: €145k
2024: €117k
2023 → 2025
Net result
€-22k
2024 · €332
2023: €88k
2024: €332
2023 → 2025
Working capital
€3k▼ 84.3%
2024 · €17k
2023: €30k
2024: €17k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€98k-€99k▲ 0.3%€77k▼ 21.9%
Operating result€111k-€2k▼ 98.5%€-21k
Net result€88k-€332▼ 99.6%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155k
Fixed assets
€75k▼ 9.0%
Current assets
€81k▲ 128%
Equity and liabilities €155k
Equity
€77k▼ 21.9%
Debt
€78k▲ 324%
The debt ratio rises from 15.7% to 50.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▼
2024 · €7k
Cash flow
€-14k▼
2024 · €6k
Solvency
49.7%▼
2024 · 84.3%
Current ratio
1.03▼
2024 · 1.92
Quick ratio
1.03▼
2024 · 1.92
Debt / equity
1.01▲
2024 · 0.19
ROE
-28.1%▼
2024 · 0.3%
ROA
-14.0%▼
2024 · 0.3%
Interest coverage
-112.51▼
2024 · 59.96
Debt
€78k▲
2024 · €18k
Debt ≤ 1 year
€78k▲
2024 · €18k
Income taxes
€185▼
2024 · €1k
Staff costs
€26▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€117k€155k▲
Fixed assets21/28€82k€75k▼
Tangible fixed assets22/27€82k€75k▼
Land and buildings22€65k€61k▼
Plant, machinery and equipment23€17k€13k▼
Current assets29/58€35k€81k▲
Amounts receivable within one year40/41€17k€64k▲
Trade receivables40-€54k
Other amounts receivable41€17k€10k▼
Cash at bank and in hand54/58€16k€14k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€117k€155k▲
Equity10/15€99k€77k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€89k€67k▼
Amounts payable17/49€18k€78k▲
Amounts payable within one year42/48€18k€78k▲
Trade debts44€351€2k▲
Suppliers440/4€351€2k▲
Taxes, remuneration and social security45€11k€18k▲
Taxes450/3€11k€18k▲
Remuneration and social security454/9€208€208=
Other amounts payable47/48€7k€58k▲
Income statement
Code20242025
Remuneration, social security and pensions62€45k€26▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€651€4k▲
Gross operating margin9900€52k€-10k▼
Operating profit (loss)9901€2k€-21k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€116€124▲
Recurring financial charges65€116€124▲
Profit (loss) for the period before taxes9903€2k€-21k▼
Income taxes67/77€1k€185▼
Profit (loss) for the period9904€332€-22k▼
Profit (loss) for the period to be appropriated9905€332€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€67k▼
Profit (loss) brought forward from the previous period14P€88k€89k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-22k ▼6624%
Net result drops to €-22k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-01
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
2 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, Stekene · 1 establishment unit since 2021
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.
Vennestraat(STE) 269190 StekeneGround area
5,439 m²
Building footprint
150 m²
Volume, LiDAR
906 m³
Parcel 46322C0264/00P002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Management Vermeulen
since 20212.321.619.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46322C0264/00P002 | Flanders | 5,439 m² | 1 · 150 m² | 9.7 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.
Similar companies · same sector, comparable size
MYRMIDON
BE 1014.628.215
Burdinne · Eq €77k
Société Guillaume PIERARD
BE 0777.937.030
Somme-Leuze · Eq €77k
MD CONSULTING
BE 0506.924.275
Sint-Pieters-Woluwe · Eq €77k
Mak Solutions Partner
BE 1020.349.334
Mons · Eq €77k
4 GLOBAL LEAN RA
BE 0649.420.740
Pont-à-Celles · Eq €77k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,577. 39,972 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2021
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.