VERLIEMO
Annual accounts 2025
full format, filed on 23-07-2026, 8 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €220,000 and €350,000.
Balance sheet
balance sheet total €4.1m on 31-12-2025in €m
in €m
Position in the sector
78.1%
Higher than 72% of 3,873 companies in 2025.
6.29
Higher than 83% of 3,727 companies in 2025.
12.9%
Higher than 78% of 3,849 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
4.1m | 4.0m | 4.1m | 3.7m | 3.9m | 3.2m | 3.0m | 3.1m | 3.0m | 2.4m | 2.1m | 2.0m | 1.7m | 1.6m | 1.3m | 1.3m | 1.4m | 1.5m | 1.3m | 713,674 | |
20 |
322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | 322 | |
21/28 |
1.4m | 1.4m | 1.4m | 1.4m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 478,901 | |
22/27 |
576,985 | 541,205 | 537,673 | 532,199 | 296,211 | 241,075 | 245,771 | 254,221 | 273,978 | 302,871 | 330,350 | 339,100 | 336,850 | 347,137 | 360,599 | 389,556 | 391,544 | 416,196 | 453,696 | 478,579 | |
22 |
504,064 | 509,261 | 500,463 | 507,508 | 284,354 | 230,753 | 240,563 | 250,372 | 260,182 | 271,059 | 281,935 | 292,811 | 305,566 | 322,208 | 328,375 | 349,062 | 379,762 | 410,462 | 441,163 | 470,946 | |
23 |
5,183 | 4,263 | 4,011 | 387 | 580 | 773 | - | - | - | - | - | - | - | - | 44 | 274 | 549 | 871 | 757 | 1,704 | |
24 |
47,927 | 979 | 1,857 | 2,909 | 2,049 | 2,007 | 2,728 | 3,848 | 12,569 | 20,177 | 29,292 | 39,606 | 18,798 | 20,253 | 24,177 | 20,170 | 184 | 367 | 551 | 886 | |
26 |
19,811 | 26,702 | 31,343 | 21,395 | 9,229 | 7,542 | 2,480 | - | 1,226 | 11,635 | 19,123 | 6,682 | 12,486 | 4,676 | 8,003 | 20,050 | 11,049 | 4,496 | 11,225 | 5,043 | |
28 |
831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | 831,864 | - | |
29/58 |
2.7m | 2.6m | 2.8m | 2.3m | 2.8m | 2.1m | 1.9m | 2.0m | 1.9m | 1.3m | 965,130 | 852,284 | 580,035 | 412,856 | 114,809 | 100,965 | 133,102 | 249,019 | 29,977 | 234,772 | |
40/41 |
32,536 | 76,208 | 18,949 | 27,017 | 71,184 | 210,728 | 212,242 | 290,666 | 16,105 | 26,732 | 14,000 | 54,256 | 24,000 | - | 358 | 358 | 599 | 4,106 | 7,869 | 7,260 | |
40 |
19,979 | 45,605 | 18,949 | 17,944 | 16,584 | 198,815 | 162,463 | 285,330 | 16,105 | 16,105 | - | - | - | - | - | - | - | - | - | - | |
41 |
12,557 | 30,602 | 0 | 9,072 | 54,600 | 11,913 | 49,779 | 5,336 | - | 10,627 | 14,000 | 54,256 | 24,000 | - | 358 | 358 | 599 | 4,106 | 7,869 | 7,260 | |
50/53 |
1.6m | 1.1m | 400,000 | - | - | - | - | - | 26,570 | 58,661 | 67,847 | 72,000 | 58,887 | 66,704 | 65,733 | 65,733 | 72,752 | 180,000 | - | 218,523 | |
54/58 |
1.1m | 1.4m | 2.3m | 2.3m | 2.7m | 1.9m | 1.6m | 1.7m | 1.8m | 1.2m | 883,080 | 725,826 | 496,973 | 346,152 | 48,719 | 34,874 | 58,514 | 63,456 | 19,089 | 8,990 | |
490/1 |
0 | 4,197 | 469 | 12,611 | 1,236 | 13,612 | 39,259 | 771 | 1,161 | - | 203 | 203 | 176 | - | - | - | 1,237 | 1,457 | 3,018 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
4.1m | 4.0m | 4.1m | 3.7m | 3.9m | 3.2m | 3.0m | 3.1m | 3.0m | 2.4m | 2.1m | 2.0m | 1.7m | 1.6m | 1.3m | 1.3m | 1.4m | 1.5m | 1.3m | 713,674 | |
10/15 |
3.2m | 3.0m | 2.9m | 3.1m | 3.2m | 2.4m | 2.5m | 2.2m | 2.5m | 1.9m | 1.7m | 1.6m | 1.3m | 1.2m | 1.0m | 798,998 | 588,325 | 570,757 | 540,753 | 538,601 | |
10/11 |
96,000 | 96,000 | 96,000 | 96,000 | 96,000 | 96,000 | 96,000 | 96,000 | 901,000 | 901,000 | 901,000 | 901,000 | 901,000 | 496,000 | 496,000 | 496,000 | 496,000 | 496,000 | 496,000 | 496,000 | |
10 |
96,000 | - | - | 96,000 | 96,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
96,000 | - | - | 96,000 | 96,000 | 96,000 | 96,000 | 96,000 | 901,000 | 901,000 | 901,000 | 901,000 | 901,000 | 496,000 | 496,000 | 496,000 | 496,000 | 496,000 | 496,000 | 496,000 | |
13 |
3.1m | 2.9m | 2.8m | 3.0m | 3.1m | 2.3m | 2.4m | 2.1m | 1.6m | 1.0m | 807,924 | 655,628 | 362,822 | 709,100 | 521,800 | 302,998 | 92,325 | 74,757 | 47,459 | 49,815 | |
130/1 |
31,524 | 31,524 | 31,524 | 31,524 | 31,524 | 90,100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 31,524 | 31,524 | 90,100 | 90,100 | 90,100 | 90,100 | 90,100 | 90,100 | 31,524 | 31,524 | 25,524 | 16,024 | 16,024 | 5,013 | 4,013 | 2,013 | 2,013 | |
1311 |
31,524 | 31,524 | 31,524 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
421,000 | 715,700 | 696,200 | 612,231 | 2.8m | 2.0m | 2.1m | 355,156 | 340,712 | 340,069 | 249,425 | 199,081 | 111,438 | 23,794 | 26,150 | 28,506 | 30,863 | 33,219 | 35,575 | 37,932 | |
133 |
2.7m | 2.1m | 2.1m | 2.3m | 219,860 | 219,860 | 219,860 | 1.6m | 1.2m | 594,638 | 468,399 | 425,023 | 219,860 | 659,782 | 479,626 | 258,467 | 56,450 | 37,526 | 9,871 | 9,871 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,706 | -7,215 | |
16 |
42,329 | 42,329 | 42,329 | 42,477 | 43,983 | 45,490 | 46,996 | 48,503 | 50,009 | 51,516 | 53,022 | 54,529 | 56,035 | 57,542 | 59,048 | 60,555 | 45,717 | 34,231 | 22,745 | 24,251 | |
160/5 |
42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 25,985 | 12,992 | - | - | |
160 |
42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | 42,329 | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | 148 | 1,654 | 3,161 | 4,667 | 6,174 | 7,680 | 9,187 | 10,693 | 12,200 | 13,706 | 15,212 | 16,719 | 18,225 | 19,732 | 21,238 | 22,745 | 24,251 | |
17/49 |
858,198 | 930,251 | 1.2m | 542,644 | 675,564 | 694,845 | 421,018 | 870,548 | 432,746 | 409,564 | 365,720 | 412,414 | 429,214 | 329,538 | 230,747 | 463,155 | 722,790 | 892,413 | 752,361 | 150,822 | |
17 |
428,480 | 412,916 | 395,603 | 383,405 | 375,926 | 363,534 | 350,608 | 737,705 | 325,252 | 350,937 | 336,904 | 322,396 | - | - | - | - | 171,809 | 255,134 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 171,809 | 255,134 | - | - | |
178/9 |
428,480 | 412,916 | 395,603 | 383,405 | 375,926 | 363,534 | 350,608 | 737,705 | 325,252 | 350,937 | 336,904 | 322,396 | - | - | - | - | - | - | - | - | |
42/48 |
429,718 | 517,335 | 732,387 | 159,239 | 233,639 | 274,228 | 70,410 | 132,844 | 107,493 | 58,627 | 28,816 | 90,018 | 429,214 | 329,538 | 230,747 | 463,155 | 550,981 | 636,854 | 752,361 | 150,822 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 89,955 | 85,699 | - | - | |
44 |
19,727 | 4,236 | 17,842 | - | 4,125 | - | 275 | 30,842 | 1,893 | 31,278 | 2,604 | 56,764 | 79,826 | 1,994 | 3,939 | 1,880 | - | 2,515 | 1,458 | 4,414 | |
440/4 |
19,727 | 4,236 | 17,842 | - | 4,125 | - | 275 | 30,842 | 1,893 | 31,278 | 2,604 | 56,764 | 79,826 | 1,994 | 3,939 | 1,880 | - | 2,515 | 1,458 | 4,414 | |
45 |
122,708 | 95,655 | 163,762 | 39,312 | 132,659 | 79,324 | 70,135 | 102,002 | 105,600 | 27,349 | 26,212 | 33,253 | 40,875 | 32,316 | 14,941 | 5,306 | 5,222 | 2,143 | 1,330 | 303 | |
450/3 |
122,708 | 95,655 | 163,762 | 39,312 | 132,659 | 79,324 | 70,135 | 102,002 | 105,600 | 27,349 | 26,212 | 33,253 | 40,875 | 32,316 | 14,941 | 5,306 | 5,222 | 2,143 | 1,330 | 303 | |
47/48 |
287,283 | 417,444 | 550,783 | 119,927 | 96,854 | 194,905 | - | - | - | - | - | - | 308,513 | 295,228 | 211,867 | 455,969 | 455,804 | 546,497 | 749,573 | 146,105 | |
492/3 |
- | - | 43,477 | - | 66,000 | 57,082 | - | - | - | - | - | - | - | - | - | - | - | 425 | - | - | |
| Income statement | |||||||||||||||||||||
76A |
0 | 1,902 | - | - | - | - | - | 371 | - | - | - | - | - | 10,709 | - | - | - | - | 916 | 50 | |
9900 |
168,161 | 156,480 | 477,190 | 143,374 | 492,576 | 244,028 | 150,986 | 374,962 | 246,552 | 169,520 | 246,572 | 152,766 | 155,404 | 250,674 | 116,561 | 100,197 | 95,867 | 111,397 | 52,164 | 43,384 | |
630 |
29,570 | 32,217 | 26,627 | 62,524 | 25,715 | 15,813 | 14,535 | 20,128 | 30,901 | 31,157 | 36,298 | 34,200 | 28,777 | 30,630 | 37,997 | 46,188 | 41,225 | 38,655 | 39,286 | 38,660 | |
640/8 |
10,758 | 10,429 | 10,049 | 9,079 | 8,819 | 8,755 | 8,289 | 28,391 | 11,494 | 7,948 | 7,928 | 8,992 | 8,185 | 8,033 | 7,665 | 12,711 | 2,622 | 8,220 | 6,477 | 6,286 | |
9901 |
127,832 | 113,834 | 440,515 | 71,772 | 458,042 | 219,461 | 128,161 | 326,443 | 204,156 | 130,415 | 202,345 | 109,575 | 118,441 | 212,011 | 70,899 | 41,298 | 52,020 | 64,521 | 6,401 | -1,562 | |
75/76B |
552,163 | 513,069 | 148,626 | - | 559,447 | - | 336,010 | 282,002 | 576,257 | 165,450 | 1,340 | 189,160 | 95,874 | 95,346 | 188,038 | 95,205 | 2,844 | 7,004 | 6,039 | 5,219 | |
75 |
552,163 | 513,069 | 148,626 | - | 559,447 | - | 336,010 | 282,002 | 576,257 | 165,450 | 1,340 | 189,160 | 95,874 | 95,346 | 188,038 | 95,205 | 2,844 | 7,004 | 6,039 | 5,219 | |
65/66B |
30,643 | 32,437 | 21,836 | 25,109 | 37,268 | 25,144 | 50,209 | 46,619 | 48,103 | 25,769 | 19,973 | 18,817 | 17,872 | 17,141 | 18,855 | 29,125 | 26,383 | 31,378 | 12,711 | 10,057 | |
65 |
30,643 | 32,437 | 21,836 | 25,109 | 37,268 | 25,144 | 50,209 | 46,619 | 48,103 | 25,769 | 19,973 | 18,817 | 17,872 | 17,141 | 18,855 | 29,125 | 26,383 | 31,378 | 12,711 | 10,057 | |
9903 |
649,353 | 594,465 | 567,306 | 46,663 | 980,221 | 194,317 | 413,963 | 561,826 | 732,311 | 270,096 | 183,713 | 279,918 | 196,443 | 300,925 | 240,082 | 107,378 | 28,481 | 40,147 | 646 | -6,350 | |
780 |
- | - | - | 1,506 | 1,506 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
117,929 | 98,673 | 136,958 | 17,158 | 154,902 | 56,025 | 61,323 | 109,474 | 153,402 | 54,720 | 32,924 | -11,382 | 94,228 | 115,132 | 22,786 | 11,011 | 12,420 | 11,650 | - | 285 | |
9904 |
531,424 | 495,792 | 430,348 | 31,011 | 826,825 | 139,798 | 354,147 | 453,859 | 580,415 | 216,883 | 152,296 | 292,806 | 103,722 | 187,299 | 218,802 | 97,873 | 17,568 | 30,004 | 2,152 | -5,129 | |
789 |
378,900 | 106,800 | 126,679 | 109,156 | 95,356 | 95,356 | 55,056 | 92,356 | 92,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | 2,356 | |
689 |
84,200 | 126,300 | 210,500 | - | 378,900 | 126,300 | 106,800 | 106,800 | 93,000 | 93,000 | 52,700 | 90,000 | 90,000 | - | - | - | - | - | - | - | |
9905 |
826,124 | 476,292 | 346,527 | 140,167 | 543,281 | 108,854 | 302,403 | 439,415 | 579,771 | 126,239 | 101,952 | 205,163 | 16,078 | 189,656 | 221,159 | 100,230 | 19,924 | 32,361 | 4,509 | -2,772 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
826,124 | 476,292 | 346,527 | 140,167 | 543,281 | 108,854 | 302,403 | 439,415 | 579,771 | 126,239 | 101,952 | 205,163 | 16,078 | 189,656 | 221,159 | 100,230 | 19,924 | 29,655 | -2,706 | -7,215 | |
691/2 |
826,124 | 476,292 | 346,527 | 140,167 | 543,281 | 108,854 | 302,403 | 439,415 | 579,771 | 126,239 | 101,952 | 205,163 | 16,078 | 189,656 | 221,159 | 100,230 | 19,924 | 29,655 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 58,576 | - | 6,000 | 9,500 | - | 5,011 | 1,000 | 2,000 | - | - | |
6921 |
826,124 | 476,292 | 346,527 | 140,167 | 543,281 | 108,854 | 302,403 | 439,415 | 579,771 | 126,239 | 43,376 | 205,163 | 10,078 | 180,156 | 221,159 | 95,218 | 18,924 | 27,655 | - | - | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 23-07-2026 | 2026-00322100 | |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00297526 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00282536 | |
| 31-12-2022 | abbreviated format | 25-07-2023 | 2023-00266004 | |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20230676 | |
| 31-12-2020 | abbreviated format | 25-07-2021 | 2021-39700536 | |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-35100247 | |
| 31-12-2018 | micro format | 30-07-2019 | 2019-40500157 | |
| 31-12-2017 | micro format | 15-08-2018 | 2018-46200449 | |
| 31-12-2016 | micro format | 02-08-2017 | 2017-40900218 | |
| 31-12-2015 | abbreviated format | 26-07-2016 | 2016-36300400 | |
| 31-12-2014 | abbreviated format | 18-07-2015 | 2015-32400501 | |
| 31-12-2013 | abbreviated format | 24-07-2014 | 2014-34900170 | |
| 31-12-2012 | abbreviated format | 28-07-2013 | 2013-37200178 | |
| 31-12-2011 | abbreviated format | 28-07-2012 | 2012-36200093 | |
| 31-12-2010 | abbreviated format | 27-07-2011 | 2011-34900364 | |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-35800367 | |
| 31-12-2008 | abbreviated format | 28-07-2009 | 2009-48900233 | |
| 31-12-2007 | abbreviated format | 22-07-2008 | 2008-45200011 | |
| 31-12-2006 | abbreviated format | 17-07-2007 | 2007-41700278 | |
| 31-12-2005 | abbreviated format | 23-05-2006 | 2006-16302525 | |
| 31-12-2004 | abbreviated format | 30-05-2005 | 2005-18204158 | |
| 31-12-2003 | abbreviated format | 28-05-2004 | 2004-17704578 | |
| 31-12-2002 | abbreviated format | 05-06-2003 | 2003-20102111 | |
| 31-12-2001 | abbreviated format | 04-06-2002 | 2002-16800332 | |
| 31-12-2000 | abbreviated format | 23-05-2001 | 2001-14403843 | |
| 31-12-1999 | abbreviated format | 31-05-2000 | 2000-16200257 | |
| 31-12-1998 | abbreviated format | 01-06-1999 | 1999-12900459 | |
| 31-12-1997 | abbreviated format | 05-05-1998 | 1998-08302730 | |
| 31-12-1996 | abbreviated format | 12-05-1997 | 1997-07402366 | |
| 31-12-1995 | abbreviated format | 31-05-1996 | 1996-10902653 | |
| 31-12-1994 | abbreviated format | 08-05-1995 | 1995-07204672 | |
| 31-12-1993 | abbreviated format | 31-05-1994 | 1994-10603220 | |
| 31-12-1992 | abbreviated format | 03-05-1993 | 1993-06302677 | |
| 31-12-1991 | abbreviated format | 04-05-1992 | 1992-05002345 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 157,403 | 146,051 | 467,141 | 134,296 | 483,756 | 235,274 | 142,697 | 346,571 | 235,058 | 161,572 | 238,643 | 143,775 | 147,218 | 242,641 | 108,896 | 87,486 | 93,245 | 103,176 | 45,687 | 37,098 | ||
| 560,994 | 528,009 | 456,975 | 93,535 | 852,539 | 155,611 | 368,682 | 473,986 | 611,316 | 248,040 | 188,593 | 327,006 | 132,499 | 217,930 | 256,799 | 144,061 | 58,793 | 68,659 | 41,439 | 33,531 | ||
| 65,350 | 35,749 | 32,100 | 298,512 | 80,851 | 11,117 | 6,086 | 371 | 2,008 | 3,678 | 27,548 | 36,450 | 18,490 | 6,459 | 9,040 | 44,200 | 16,573 | 1,155 | 845,351 | 7,620 | ||
| -343,793 | -902,044 | 94,136 | -432,851 | 800,870 | 238,812 | -48,505 | -142,689 | 672,541 | 283,356 | 157,254 | 228,853 | 150,821 | 297,433 | 13,844 | -23,640 | -4,941 | 44,367 | 10,099 | - | ||
| 2.3m | 2.1m | 2.0m | 2.1m | 2.5m | 1.8m | 1.8m | 1.9m | 1.8m | 1.2m | 936,313 | 762,267 | 150,821 | 83,318 | -115,937 | -362,190 | -417,879 | -387,835 | -722,384 | 83,951 | ||
| 78.1% | 75.4% | 70.7% | 84.0% | 81.5% | 76.7% | 84.3% | 70.1% | 83.8% | 80.7% | 80.3% | 76.9% | 72.3% | 75.7% | 77.8% | 60.4% | 43.4% | 38.1% | 41.1% | 75.5% | ||
| 6.29 | 4.99 | 3.78 | 14.41 | 11.81 | 7.70 | 26.97 | 14.96 | 17.52 | 21.35 | 33.49 | 9.47 | 1.35 | 1.25 | 0.50 | 0.22 | 0.24 | 0.39 | 0.04 | 1.56 | ||
| 0.27 | 0.31 | 0.40 | 0.18 | 0.21 | 0.28 | 0.17 | 0.40 | 0.17 | 0.21 | 0.21 | 0.26 | 0.34 | 0.27 | 0.23 | 0.58 | 1.23 | 1.56 | 1.39 | 0.28 | ||
| 16.6% | 16.6% | 14.7% | 1.0% | 26.1% | 5.7% | 14.1% | 21.1% | 23.2% | 11.3% | 8.9% | 18.8% | 8.2% | 15.5% | 21.5% | 12.2% | 3.0% | 5.3% | 0.4% | -1.0% | ||
| 12.9% | 12.5% | 10.4% | 0.8% | 21.3% | 4.4% | 11.9% | 14.8% | 19.4% | 9.1% | 7.2% | 14.5% | 5.9% | 11.8% | 16.7% | 7.4% | 1.3% | 2.0% | 0.2% | -0.7% | ||
| 5.14 | 4.50 | 21.39 | 5.35 | 12.98 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €65,350 | €35,749 | €32,100 | €298,512 | €80,851 |
| €29,570 | €32,217 | €26,627 | €62,524 | €25,715 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VERLIEMO
The operating result for 2025 is 12% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 23.5% to 20.9%. Equity is higher and debt is lower.