S. VERMAST
ActiveS. VERMAST has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-2
Solvency29=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.0 against 1.02 in 2024; short-term debt: 94.9% and cash: 2.1% of total assets), and 95.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
4.1%
Return on assets
-1%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 18237 sector peers (2025).
NBB · sector comparisonPosition among 18237 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 15-06-2026, 107 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
107 d late
2024
on the day
2023
29 d late
2022
on the day
2021
on the day
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close23-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 19.4%
2024 · €16k
2019: €-21k
2020: €-18k
2021: €5k
2022: €24k
2023: €16k
2024: €16k
2019 → 2025
Total assets
€319k▼ 16.8%
2024 · €383k
2019: €491k
2020: €504k
2021: €496k
2022: €448k
2023: €428k
2024: €383k
2019 → 2025
Net result
€-3k
2024 · €377
2019: €-55k
2020: €3k
2021: €24k
2022: €20k
2023: €-8k
2024: €377
2019 → 2025
Working capital
€271▼ 94.8%
2024 · €5k
2019: €-50k
2020: €15k
2021: €48k
2022: €36k
2023: €15k
2024: €5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€24k▲ 365%€16k▼ 33.0%€16k▲ 2.4%€13k▼ 19.4%
Operating result€38k-€43k▲ 13.1%€8k▼ 82.1%€34k▲ 341%€20k▼ 40.6%
Net result€24k-€20k▼ 17.3%€-8k€377€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€16k▼ 49.7%
Current assets
€303k▼ 13.9%
Equity and liabilities €319k
Equity
€13k▼ 19.4%
Debt
€306k▼ 16.7%
The debt ratio rises from 95.8% to 95.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €50k
Cash flow
€13k▼
2024 · €16k
Solvency
4.1%▼
2024 · 4.2%
Current ratio
1.00▼
2024 · 1.02
Quick ratio
0.03▲
2024 · 0.02
Debt / equity
23.50▲
2024 · 22.73
ROE
-24.1%▼
2024 · 2.3%
ROA
-1.0%▼
2024 · 0.1%
Interest coverage
1.75▼
2024 · 1.79
Debt
€306k▼
2024 · €367k
Debt ≤ 1 year
€303k▼
2024 · €346k
Debt > 1 year
€2k▼
2024 · €20k
Income taxes
€3k▼
2024 · €6k
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€383k€319k▼
Fixed assets21/28€31k€16k▼
Tangible fixed assets22/27€31k€16k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€18k€7k▼
Current assets29/58€352k€303k▼
Stocks and contracts in progress3€345k€295k▼
Stocks30/36€345k€295k▼
Amounts receivable within one year40/41€410€857▲
Other amounts receivable41€410€857▲
Cash at bank and in hand54/58€7k€7k▲
Deferred charges and accrued income490/1-€186
Equity and liabilities
Total equity and liabilities10/49€383k€319k▼
Equity10/15€16k€13k▼
Contributions10/11€70k€70k=
Outside capital11€70k-
Other1109/19€70k-
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-95k€-99k▼
Amounts payable17/49€367k€306k▼
Amounts payable after more than one year17€20k€2k▼
Financial debts170/4€20k€2k▼
Amounts payable within one year42/48€346k€303k▼
Current portion of amounts payable after more than one year42€24k€18k▼
Financial debts43€174k€175k▲
Credit institutions430/8€174k€175k▲
Trade debts44€73k€52k▼
Suppliers440/4€73k€52k▼
Taxes, remuneration and social security45€47k€30k▼
Taxes450/3€47k€30k▼
Other amounts payable47/48€28k€28k▲
Accrued charges and deferred income492/3€513€1k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€41k
Other operating charges640/8€461€1k▲
Gross operating margin9900€50k€78k▲
Operating profit (loss)9901€34k€20k▼
Financial charges65/66B€28k€20k▼
Recurring financial charges65€28k€20k▼
Profit (loss) for the period before taxes9903€6k€-219▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€377€-3k▼
Profit (loss) for the period to be appropriated9905€377€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-95k€-99k▼
Profit (loss) brought forward from the previous period14P€-96k€-95k▲
The notes to these accounts (5 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 107 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
Financial
Back to profitnet €377
Net result €377 after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
Financial
Highest result since 2019net €24k ▲626%
Net result €24k, the highest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Koksijde · 1 establishment unit since 2001
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.
Prinses Charlottestraat(Odk) 278670 KoksijdeGround area
2,498 m²
Building footprint
466 m²
Volume, LiDAR
5,129 m³
2 parcels, Flanders · tallest building 22.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
OBELISK
since 20012.093.060.357
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0603/00_000 | Flanders | 2,291 m² | 1 · 259 m² | 10.8 m · 1 fl. |
| 38502G0052/00_000 | Flanders | 207 m² | 1 · 207 m² | 22.2 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
VERPO
BE 0736.765.478
Kapelle-op-den-Bos · Eq €13k
BENCORP
BE 1011.093.851
Evere · Eq €13k
MAX & MOI outlet store Belgique
BE 0713.917.921
Messancy · Eq €13k
NASCITA
BE 0781.540.282
Mol · Eq €13k
GARANCE PRODUCTION
BE 0445.943.642
Ukkel · Eq €12k
Of 657 companies in sector 47715 we hold annual accounts for 187. 127 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-2000
Fiscal year end31-07
Activities, NACEBEL
47715Retail trade
51421
46423Wholesale of clothing, excluding workwear and underwear
46425Wholesale trade
47711Retail sale of women's outerwear
47712Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.