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VERCOM BELGIUM

Active
Public limited companyfounded 201114 yrs activeBrugse Steenweg 224, 9990 Maldegem, BelgiumKBO/BCE: BE 0842.010.973
Summary

VERCOM BELGIUM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.06M and a net result of €1.24M. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▼-3
Solvency86▲+9
Growth68=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 2.48 against 2.05 in 2024; short-term debt: 39.4% and cash: 2.7% of total assets), and 39.4% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
60.6%
Return on assets
8.3%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 d early
2024
14 d early
2023
16 d early
2022
12 d early
2021
2 d early
2020
122 d late
2019
90 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€23.99M▲ 3.1%
2024 · €23.27M
2019: €18.26Mlowest in 7 years 2020: €24.80M▲ +35.8% vs 2019 2021: €25.66M▲ +3.5% vs 2020 2022: €25.78M▲ +0.4% vs 2021highest in 7 years 2023: €22.04M▼ -14.5% vs 2022 2024: €23.27M▲ +5.6% vs 2023 2025: €23.99M▲ +3.1% vs 2024
2019 → 2025
EBIT margin
6.2%▼ 1.5pp
2024 · 7.7%
2019: 5.7%lowest in 7 years 2020: 9.4%▲ +64.3% vs 2019highest in 7 years 2021: 7.3%▼ -22.1% vs 2020 2022: 5.8%▼ -20.8% vs 2021 2023: 5.8%▼ -0.8% vs 2022 2024: 7.7%▲ +33.8% vs 2023 2025: 6.2%▼ -20.0% vs 2024
2019 → 2025
Net result
€1.24M▼ 9.3%
2024 · €1.37M
2018: €507klowest in 8 years 2019: €641k▲ +26.5% vs 2018 2020: €1.70M▲ +166% vs 2019highest in 8 years 2021: €1.33M▼ -21.7% vs 2020 2022: €1.03M▼ -22.8% vs 2021 2023: €1.13M▲ +9.7% vs 2022 2024: €1.37M▲ +21.0% vs 2023 2025: €1.24M▼ -9.3% vs 2024
2018 → 2025
Working capital
€8.71M▲ 14.5%
2024 · €7.60M
2018: €1.88Mlowest in 8 years 2019: €2.40M▲ +27.6% vs 2018 2020: €2.88M▲ +19.7% vs 2019 2021: €4.13M▲ +43.3% vs 2020 2022: €5.16M▲ +25.1% vs 2021 2023: €6.30M▲ +22.1% vs 2022 2024: €7.60M▲ +20.6% vs 2023 2025: €8.71M▲ +14.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€25.66M-€25.78M▲ 0.4%€22.04M▼ 14.5%€23.27M▲ 5.6%€23.99M▲ 3.1% 2021: €25.66M 2022: €25.78M▲ +0.4% vs 2021highest in 5 years 2023: €22.04M▼ -14.5% vs 2022lowest in 5 years 2024: €23.27M▲ +5.6% vs 2023 2025: €23.99M▲ +3.1% vs 2024
Equity€4.29M-€5.32M▲ 24.0%€6.45M▲ 21.2%€7.82M▲ 21.2%€9.06M▲ 15.9% 2021: €4.29Mlowest in 5 years 2022: €5.32M▲ +24.0% vs 2021 2023: €6.45M▲ +21.2% vs 2022 2024: €7.82M▲ +21.2% vs 2023 2025: €9.06M▲ +15.9% vs 2024highest in 5 years
Operating result€1.88M-€1.50M▼ 20.5%€1.27M▼ 15.2%€1.80M▲ 41.3%€1.48M▼ 17.6% 2021: €1.88Mhighest in 5 years 2022: €1.50M▼ -20.5% vs 2021 2023: €1.27M▼ -15.2% vs 2022lowest in 5 years 2024: €1.80M▲ +41.3% vs 2023 2025: €1.48M▼ -17.6% vs 2024
Net result€1.33M-€1.03M▼ 22.8%€1.13M▲ 9.7%€1.37M▲ 21.0%€1.24M▼ 9.3% 2021: €1.33M 2022: €1.03M▼ -22.8% vs 2021lowest in 5 years 2023: €1.13M▲ +9.7% vs 2022 2024: €1.37M▲ +21.0% vs 2023highest in 5 years 2025: €1.24M▼ -9.3% vs 2024
Result per fiscal year
Operating resultNet result
€0€500k€1.00M€1.50M€2.00MOperating result 2021: €1.88M€1.88MNet result 2021: €1.33M€1.33MOperating result 2022: €1.50M€1.50MNet result 2022: €1.03M€1.03MOperating result 2023: €1.27M€1.27MNet result 2023: €1.13M€1.13MOperating result 2024: €1.80M€1.80MNet result 2024: €1.37M€1.37MOperating result 2025: €1.48M€1.48MNet result 2025: €1.24M€1.24M20212022202320242025€0€500k€1M€1.5M€2MOperating result 2023: €1.27M€1.3MNet result 2023: €1.13M€1.1MOperating result 2024: €1.80M€1.8MNet result 2024: €1.37M€1.4MOperating result 2025: €1.48M€1.5MNet result 2025: €1.24M€1.2M202320242025
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.96M
Fixed assets €361k ▲ 43.6%
Current assets €14.60M ▼ 1.7%
Equity and liabilities €14.96M
Equity €9.06M ▲ 15.9%
Debt €5.90M ▼ 19.0%
Debt's share of the balance-sheet total falls from 48.2% to 39.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.57M▼
2024 · €1.86M
Cash flow
€1.33M▼
2024 · €1.43M
Current ratio
2.48▲
2024 · 2.05
Quick ratio
1.43▲
2024 · 1.28
Debt to equity
0.65▼
2024 · 0.93
ROE
13.7%▼
2024 · 17.5%
ROA
8.3%▼
2024 · 9.1%
Interest coverage
14.09▼
2024 · 17.81
Debt ≤ 1 year
€5.89M▼
2024 · €7.25M
Income taxes
€382k▼
2024 · €447k
Staff costs
€2.01M▲
2024 · €1.70M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet Code20242025
Assets
Total assets20/58€15.10M€14.96M▼
Fixed assets21/28€252k€361k▲
Tangible fixed assets22/27€247k€341k▲
Plant, machinery and equipment23€35k€22k▼
Furniture and vehicles24€141k€252k▲
Other tangible fixed assets26€71k€67k▼
Financial fixed assets28€5k€20k▲
Companies linked by participating interests282/3€3k€3k=
Participating interests282€3k€3k=
Other financial fixed assets284/8€2k€17k▲
Amounts receivable and cash guarantees285/8€2k€17k▲
Current assets29/58€14.85M€14.60M▼
Amounts receivable after more than one year29€3.24M€4.35M▲
Other amounts receivable291€3.24M€4.35M▲
Stocks and contracts in progress3€5.59M€6.18M▲
Stocks30/36€5.59M€6.18M▲
Goods purchased for resale34€5.59M€6.18M▲
Amounts receivable within one year40/41€4.50M€3.64M▼
Trade receivables40€4.09M€3.44M▼
Other amounts receivable41€408k€200k▼
Cash at bank and in hand54/58€1.37M€403k▼
Deferred charges and accrued income490/1€148k€20k▼
Equity and liabilities
Total equity and liabilities10/49€15.10M€14.96M▼
Equity10/15€7.82M€9.06M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€282k€661k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€6k€6k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€274k€653k▲
Profit (loss) carried forward14€7.48M€8.34M▲
Amounts payable17/49€7.28M€5.90M▼
Amounts payable within one year42/48€7.25M€5.89M▼
Financial debts43€2.87M€3.01M▲
Credit institutions430/8€2.87M€3.01M▲
Trade debts44€3.89M€2.51M▼
Suppliers440/4€3.89M€2.51M▼
Taxes, remuneration and social security45€408k€363k▼
Taxes450/3€215k€157k▼
Remuneration and social security454/9€192k€205k▲
Other amounts payable47/48€76k€12k▼
Accrued charges and deferred income492/3€36k€8k▼
Income statement Code20242025
Operating income70/76A€23.47M€24.37M▲
Turnover70€23.27M€23.99M▲
Other operating income74€200k€384k▲
Operating charges60/66A€21.68M€22.89M▲
Goods for resale, raw materials and consumables60€18.05M€18.90M▲
Purchases600/8€18.63M€19.45M▲
Change in stocks: decrease (increase)609€-572k€-550k▲
Services and other goods61€1.79M€1.92M▲
Remuneration, social security and pensions62€1.70M€2.01M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€87k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€54k€-190k▼
Other operating charges640/8€13k€158k▲
Operating profit (loss)9901€1.80M€1.48M▼
Financial income75/76B€206k€396k▲
Recurring financial income75€206k€396k▲
Income from current assets751€115k€160k▲
Other financial income752/9€91k€236k▲
Financial charges65/66B€187k€254k▲
Recurring financial charges65€187k€254k▲
Debt charges650€105k€111k▲
Other financial charges652/9€82k€142k▲
Profit (loss) for the period before taxes9903€1.81M€1.62M▼
Income taxes67/77€447k€382k▼
Taxes670/3€458k€408k▼
Tax adjustments and reversals of tax provisions77€11k€26k▲
Profit (loss) for the period9904€1.37M€1.24M▼
Transfer to tax-exempt reserves689€274k€379k▲
Profit (loss) for the period to be appropriated9905€1.09M€861k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.48M€8.34M▲
Profit (loss) brought forward from the previous period14P€6.38M€7.48M▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Social balance
Average headcount (FTE)908720.021.1▲

The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€26.03M€26.07M€22.22M€23.47M€24.37M▲ 3.8%
Turnover70€25.66M€25.78M€22.04M€23.27M€23.99M▲ 3.1%
Other operating income74€349k€292k€180k€200k€384k▲ 91.8%
Non-recurring operating income76A€13k€0----
Operating charges60/66A€24.14M€24.57M€20.95M€21.68M€22.89M▲ 5.6%
Goods for resale, raw materials and consumables60€21.26M€21.17M€17.51M€18.05M€18.90M▲ 4.7%
Purchases600/8€23.87M€20.49M€16.13M€18.63M€19.45M▲ 4.4%
Change in stocks: decrease (increase)609€-2.60M€680k€1.38M€-572k€-550k▲ 3.8%
Services and other goods61€1.70M€1.84M€1.91M€1.79M€1.92M▲ 7.1%
Remuneration, social security and pensions62€1.16M€1.35M€1.45M€1.70M€2.01M▲ 18.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€41k€54k€66k€87k▲ 30.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-96k€43k€-9k€54k€-190k▼ 452%
Other operating charges640/8€89k€120k€27k€13k€158k▲ 1,148%
Non-recurring operating charges66A€6k€0----
Operating profit (loss)9901€1.88M€1.50M€1.27M€1.80M€1.48M▼ 17.6%
Financial income75/76B€39k€242k€216k€206k€396k▲ 92.4%
Recurring financial income75€39k€242k€216k€206k€396k▲ 92.4%
Income from current assets751-€27k€81k€115k€160k▲ 39.0%
Other financial income752/9€39k€215k€135k€91k€236k▲ 160%
Financial charges65/66B€121k€129k€212k€187k€254k▲ 36.0%
Recurring financial charges65€121k€129k€212k€187k€254k▲ 36.0%
Debt charges650€46k€96k€160k€105k€111k▲ 6.4%
Other financial charges652/9€75k€34k€52k€82k€142k▲ 73.7%
Profit (loss) for the period before taxes9903€1.80M€1.61M€1.27M€1.81M€1.62M▼ 10.6%
Income taxes67/77€467k€581k€145k€447k€382k▼ 14.4%
Taxes670/3€467k€585k€343k€458k€408k▼ 10.9%
Tax adjustments and reversals of tax provisions77-€4k€199k€11k€26k▲ 131%
Profit (loss) for the period9904€1.33M€1.03M€1.13M€1.37M€1.24M▼ 9.3%
Transfer to tax-exempt reserves689---€274k€379k▲ 38.5%
Profit (loss) for the period to be appropriated9905€1.33M€1.03M€1.13M€1.09M€861k▼ 21.3%
Line20212022202320242025Change
Assets
Total assets20/58€12.60M€11.73M€11.52M€15.10M€14.96M▼ 0.9%
Fixed assets21/28€166k€179k€233k€252k€361k▲ 43.6%
Tangible fixed assets22/27€161k€174k€228k€247k€341k▲ 38.1%
Plant, machinery and equipment23€25k€63k€49k€35k€22k▼ 37.6%
Furniture and vehicles24€136k€111k€104k€141k€252k▲ 79.1%
Other tangible fixed assets26--€75k€71k€67k▼ 5.4%
Financial fixed assets28€5k€5k€5k€5k€20k▲ 317%
Companies linked by participating interests282/3€3k€3k€3k€3k€3k=
Participating interests282€3k€3k€3k€3k€3k=
Other financial fixed assets284/8€2k€2k€2k€2k€17k▲ 815%
Amounts receivable and cash guarantees285/8€2k€2k€2k€2k€17k▲ 815%
Current assets29/58€12.44M€11.55M€11.28M€14.85M€14.60M▼ 1.7%
Amounts receivable after more than one year29---€3.24M€4.35M▲ 34.5%
Other amounts receivable291---€3.24M€4.35M▲ 34.5%
Stocks and contracts in progress3€7.15M€6.43M€5.07M€5.59M€6.18M▲ 10.5%
Stocks30/36€7.15M€6.43M€5.07M€5.59M€6.18M▲ 10.5%
Goods purchased for resale34€7.15M€6.43M€5.07M€5.59M€6.18M▲ 10.5%
Amounts receivable within one year40/41€5.22M€4.79M€5.64M€4.50M€3.64M▼ 19.0%
Trade receivables40€4.59M€3.49M€3.04M€4.09M€3.44M▼ 15.9%
Other amounts receivable41€623k€1.31M€2.60M€408k€200k▼ 51.0%
Cash at bank and in hand54/58€52k€276k€499k€1.37M€403k▼ 70.7%
Deferred charges and accrued income490/1€12k€53k€71k€148k€20k▼ 86.4%
Equity and liabilities
Total equity and liabilities10/49€12.60M€11.73M€11.52M€15.10M€14.96M▼ 0.9%
Equity10/15€4.29M€5.32M€6.45M€7.82M€9.06M▲ 15.9%
Contributions10/11€6k€6k€62k€62k€62k=
Capital10--€62k€62k€62k=
Issued capital100--€62k€62k€62k=
Outside capital11--€0---
Other1109/19--€0---
Reserves13€2k€2k€8k€282k€661k▲ 135%
Non-distributable reserves130/1€2k€2k€8k€8k€8k=
Legal reserve130--€6k€6k€6k=
Reserves not available under the articles1311€2k€2k€2k€2k€2k=
Tax-exempt reserves132---€274k€653k▲ 138%
Profit (loss) carried forward14€4.28M€5.31M€6.38M€7.48M€8.34M▲ 11.5%
Amounts payable17/49€8.31M€6.41M€5.07M€7.28M€5.90M▼ 19.0%
Amounts payable within one year42/48€8.31M€6.39M€4.98M€7.25M€5.89M▼ 18.7%
Financial debts43€4.85M€3.18M€2.67M€2.87M€3.01M▲ 4.6%
Credit institutions430/8€4.85M€3.18M€2.67M€2.87M€3.01M▲ 4.6%
Trade debts44€2.98M€2.89M€2.03M€3.89M€2.51M▼ 35.4%
Suppliers440/4€2.98M€2.89M€2.03M€3.89M€2.51M▼ 35.4%
Taxes, remuneration and social security45€479k€299k€278k€408k€363k▼ 11.0%
Taxes450/3€345k€123k€112k€215k€157k▼ 26.9%
Remuneration and social security454/9€134k€176k€167k€192k€205k▲ 6.8%
Other amounts payable47/48€0€27k€0€76k€12k▼ 84.7%
Accrued charges and deferred income492/3€2k€20k€85k€36k€8k▼ 77.8%
Line20212022202320242025Change
Profit (loss) for the period9904€1.33M€1.03M€1.13M€1.37M€1.24M▼ 9.3%
+ Depreciation and write-downs630€24k€41k€54k€66k€87k▲ 30.6%
Operating cash flow (approximation)€1.36M€1.07M€1.18M€1.43M€1.33M▼ 7.5%
Investment in fixed assets (approximation)-€-54k€-108k€-85k€-196k▼ 130%
Change in cash-€224k€224k€875k€-972k▼ 211%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Equity above €5MEq €5.32M ▲24%
5 profitable years in a row build equity to €5.32M.
29-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-11
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 122 days late
2020
31-12
Financial Highest result since 2018net €1.70M ▲166%
Operating result €2.34M, net result €1.70M, both a record.
31-12
Financial Equity above €2MEq €2.96M ▲136%
3 profitable years in a row build equity to €2.96M.
29-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial Equity above €1MEq €1.25M ▲105%
2 profitable years in a row build equity to €1.25M.
18-11
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 110 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Maldegem · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
960 m²
Building footprint
148 m²
Volume, LiDAR
849 m³
Parcel 43503F0807/00T004, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Vercom Belguim
Brugse Steenweg 224, 9990 MaldegemOffice administrative, office support and other business support activities
since 20122.207.025.360
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43503F0807/00T004 Flanders 960 m² 1 · 148 m² 9.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 5 entries · 4,307 EUR awarded · 3,841 EUR paid
Year Entries awardedpaid
2025 1 1,377 EUR1,643 EUR
2024 2 2,206 EUR1,626 EUR
2023 1 463 EUR311 EUR
2022 1 261 EUR261 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 3,498 EUR · 3,032 EUR paid · Fonds voor Innoveren en Ondernemen
Vlaams opleidingsverlof (VOV)
1 entry · 809 EUR · 809 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site
Maldegem2.207.025.360
1 permission
Trader · since 04-12-2012

Similar companies · same sector, comparable size

Of 304 companies in sector 82920 we hold annual accounts for 198. 64 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded14-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
82920Office administrative, office support and other business support activities

Scores and ratios are computed by Checked and are not a credit decision.