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VERMABEL

Active Public limited companyfounded 1990active for 36 yearsGen.Geneesheer Derachelaan 81, 1050 IxellesKBO/BCE: BE 0441.702.366
VERMABEL
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 06-08-2026, 6 days late
€35,078
▼ 24.9%
-€22,832
▼ €13,854
-€21,968
▼ €13,453
€28,255
▲ 79.4%
72.3%
▲ 0.4 percentage points
1.86
▲ 0.43

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €57,000. Estimated: probably between €43,000 and €83,000.

Balance sheet

balance sheet total €1.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

72.3%

Higher than 80% of 11,299 companies in 2025.

1.86

Higher than 66% of 10,851 companies in 2025.

-1.8%

Higher than 25% of 11,184 companies in 2025.

VERMABEL Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.2m1.2m1.3m1.5m1.3m1.3m775,873820,793864,467849,257900,449936,578946,020945,518970,749970,676804,417785,274790,737913,454
20 -------------3527051,0571,410-185555
21/28 1.1m1.2m1.2m1.2m1.0m1.1m573,724614,990662,261526,674557,647592,303589,284598,801610,612618,268652,653635,276637,297592,451
22/27 1.1m1.2m1.2m1.2m1.0m1.1m570,774612,040659,311523,724554,697589,353586,334595,499606,957614,261651,244635,276637,112591,896
22 1.1m1.2m1.2m1.2m1.0m1.1m567,485612,040658,247522,550552,221581,892570,173570,173570,173570,173600,246626,645624,196572,464
23 5,9937,1591,8276,1244,2912,9243,289-641281922573213854495135772891,0131,737
24 1,0172,5623,7036,499----1,0001,0452,2837,20515,84024,94136,33543,57550,4218,34211,90317,694
28 ------2,9502,9502,9502,9502,9502,9502,9502,9502,9502,950----
29/58 61,21253,01570,011246,776265,665232,823202,149205,803202,206322,583342,802344,275356,736346,717360,138352,407151,763149,998153,439321,003
3 ---201,273201,273201,273201,273201,273201,273201,273338,055338,055338,055338,055338,055338,055136,782136,782136,782256,774
30/36 ---201,273201,273201,273201,273201,273201,273201,273338,055338,055338,055338,055338,055338,055136,782136,782136,782256,774
40/41 19232927020522,050---5962124201265,6063,9586,2586,17450050050027,091
40 6923424120522,050-----31165,6031,7816,2516,174---11,733
41 1229530-----5962124171042,1777-50050050015,358
54/58 60,57152,68669,74145,29842,34231,5498764,530337121,0974,3276,09511,9753,60314,7247,07914,48212,71616,15737,138
490/1 450-----------1,1001,1001,1001,100----
Balance sheet: equity and liabilities
10/49 1.2m1.2m1.3m1.5m1.3m1.3m775,873820,793864,467849,257900,449936,578946,020945,518970,749970,676804,417785,274790,737913,454
10/15 875,242897,211905,7261.1m1.1m1.1m756,002803,425847,974841,533741,987721,285677,555677,060640,605617,031649,806557,066597,483517,044
10/11 450,000450,000450,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000592,500592,500592,500
10 450,000450,000450,000750,000750,000---------------
100 450,000450,000450,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000750,000592,500592,500592,500
13 425,242447,211455,726430,228438,038452,60917,42897,97497,97491,53351,83551,83551,83551,83551,83551,83551,83551,83551,83551,835
130/1 19,77019,77019,45417,42817,42817,428--------------
130 19,77019,77019,45417,42817,42817,42817,42817,42817,42817,10615,12215,12215,12215,12215,12215,12215,12215,12215,12215,122
132 366,785382,955397,788412,799420,609435,180--------------
133 38,68844,48638,484----80,54580,54574,42736,71436,71436,71436,71436,71436,71436,71436,71436,71436,714
14 ----50,288-39,842-54,711-11,426-44,549---59,849-80,550-124,280-124,775-161,230-184,804-152,029-87,270-46,853-127,291
16 122,262127,652132,596137,600140,203145,06012,00012,00012,000-----------
160/5 ------12,00012,00012,000-----------
162 ------12,00012,00012,000-----------
168 122,262127,652132,596137,600140,203145,060--------------
17/49 213,177223,144220,519207,3137,4696,8867,8715,3684,4937,723158,462215,293268,465268,458330,144353,645154,611228,209193,254396,410
17 178,660185,880192,992200,000---------92,799203,986214,70550,00094,20094,200237,978
170/4 178,660185,880192,992200,000---------92,799203,986214,70550,00094,20094,200237,978
42/48 32,95837,26427,5267,3137,4696,8867,8715,3684,4937,723158,462215,293265,290173,254124,819136,970104,611132,91097,955150,623
42 -------------11,18710,71910,295----
44 5,3544,065775---71271341598392,7706062331,6301,175749710436234
440/4 5,3544,065775---71271341598392,7706062331,6301,175749710436234
45 10925,9121,200-----1405,719-681,2941,1669341,350--313288
450/3 10961------1405,469-681,2941,1669341,350--313288
454/9 -25,8501,200------250----------
47/48 27,4947,28825,5517,3137,4696,8867,1594,6553,9391,906158,423212,456263,389160,668111,537124,150103,861132,20097,206150,101
492/3 1,559-----------3,1762,4051,3391,969-1,0991,0997,809
Income statement
76A --------92,465-8,180-----4,288---
9900 35,07846,68931,81737,82838,4721,2273,9968,58896,91813,45651,10359,58925,82358,94749,38215,260-15,76810,350135,01333,358
630 50,85148,49149,24448,15838,67646,88544,92047,27150,15430,97330,9729,2789,51710,07510,07539,93040,57238,56136,53435,593
635/8 --------12,000-----------
640/8 7,0597,1776,21110,4244,3085,5196,4735,79228,0444,7517,2736,1947,7642,3944,9534,6347,3615,5344,4394,276
9901 -22,832-8,979-23,638-20,754-4,512-51,177-47,397-44,4756,719-22,26812,85744,1188,54246,47834,355-29,304-63,701-33,74594,041-6,511
75/76B 29533399,410--588,914-015128,22311329721281531331061,894674
75 2953331,683--588,914-015511329721281531331061,894674
76B --97,727------128,218----------
65/66B 4,7654,8134,9891064778026741509423433998,08610,10310,8893,6215,7376,85215,23416,950
65 4,7654,8134,9891064778026741509423433998,08610,10310,8893,6215,7376,85215,23416,950
9903 -27,302-13,46070,783-20,860-4,560536,956-47,423-44,5496,585105,01320,69543,73248636,44723,593-32,772-65,018-40,49180,700-22,788
780 5,3904,9445,0042,6034,857---------------
67/77 56-------1445,466-62-9-7193-259-7426291
9904 -21,968-8,51575,787-18,257298391,896-47,423-44,5496,44099,54720,70143,73049536,45523,574-32,775-64,759-40,41780,439-22,878
789 16,17014,83315,0117,81014,5716,505--------------
689 -----441,685--------------
9905 -5,7986,31890,798-10,44714,869-43,284-47,423-44,5496,44099,54720,70143,73049536,45523,574-32,775-64,759-40,41780,439-22,878
Appropriation of the result
9906 -5,7986,31840,509-50,288-39,842-54,711-91,971-44,5496,44039,698-59,849-80,550-124,280-124,775-161,230-184,804-152,029-87,270-46,853-127,291
14P ---50,288-39,842-54,711---------------
791/2 5,798-----80,545-------------
691/2 -6,31840,509-----6,44039,698----------
6920 -3162,025-----3221,985----------
6921 -6,00238,484-----6,11837,713----------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 06-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 6 days after the deadline. Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00384749.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 06-08-2026 2026-00384749 PDF
31-12-2024 micro format 22-07-2025 2025-00293829 PDF
31-12-2023 micro format 30-08-2024 2024-00410289 PDF
31-12-2022 micro format 30-08-2023 2023-00374775 PDF
31-12-2021 micro format 29-07-2022 2022-20268006 PDF
31-12-2020 micro format 26-08-2021 2021-53300600 PDF
31-12-2019 micro format 30-07-2020 2020-35800433 PDF
31-12-2018 micro format 13-07-2019 2019-32800127 PDF
31-12-2017 micro format 30-07-2018 2018-39200056 PDF
31-12-2016 micro format 27-07-2017 2017-35800494 PDF
31-12-2015 abbreviated format 04-08-2016 2016-39600260 PDF
31-12-2014 abbreviated format 27-07-2015 2015-36400144 PDF
31-12-2013 abbreviated format 14-08-2014 2014-42600077 PDF
31-12-2012 abbreviated format 15-07-2013 2013-30200457 PDF
31-12-2011 abbreviated format 20-07-2012 2012-31300551 PDF
31-12-2010 abbreviated format 10-07-2011 2011-27300283 PDF
31-12-2009 abbreviated format 02-07-2010 2010-25100011 PDF
31-12-2008 abbreviated format 28-07-2009 2009-47500043 PDF
31-12-2007 abbreviated format 22-08-2008 2008-59000040 PDF
31-12-2006 abbreviated format 14-08-2007 2007-55800251 PDF
31-12-2005 abbreviated format 31-08-2006 2006-72004926 PDF
31-12-2004 abbreviated format 15-07-2005 2005-49602952 PDF
31-12-2003 abbreviated format 24-06-2004 2004-30803753 PDF
31-12-2002 abbreviated format 27-06-2003 2003-32005243 PDF
31-12-2001 abbreviated format 19-06-2002 2002-23701032 PDF
31-12-2000 abbreviated format 26-06-2001 2001-26402278 PDF
31-12-1999 abbreviated format 23-06-2000 2000-28004169 PDF
31-12-1998 abbreviated format 25-06-1999 1999-23203606 PDF
31-12-1997 abbreviated format 29-06-1998 1998-24300302 PDF
31-12-1996 abbreviated format 03-07-1997 1997-26702093 PDF
31-12-1995 abbreviated format 07-06-1996 1996-13702606 PDF
31-12-1994 abbreviated format 16-06-1995 1995-24603695 PDF
31-12-1993 abbreviated format 17-06-1994 1994-16102883 PDF
31-12-1992 abbreviated format 28-06-1993 1993-18004939 PDF
31-12-1991 abbreviated format 09-10-1992 1992-34804246 PDF

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €359 awarded, €359 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€359
Year Entries AwardedPaid
2025 1 €182€182
2024 1 €177€177

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
28,01939,51225,60627,40434,164-4,292-2,4772,79756,8738,70543,83053,39518,05956,55344,43010,626-23,1304,816130,57429,082
28,88339,975125,03129,90138,974438,781-2,5032,72356,594130,51951,67453,00810,01246,53033,6497,155-24,188-1,856116,97212,715
5,32954,6539,998246,0301,858811,2193,6540185,74103,13612,2960-1,7352,4185,54561,89936,54081,38037,593
7,885-17,05524,4432,95610,79230,674-3,6554,193-120,761116,770-1,767-5,8808,372-11,1217,646-7,4031,766-3,441-20,980-
28,25515,75142,485239,464258,196225,937194,278200,435197,713314,859184,340128,98291,447173,463235,319215,43747,15317,08855,484170,379
72.3%71.9%71.9%76.6%88.6%88.3%97.4%97.9%98.1%99.1%82.4%77.0%71.6%71.6%66.0%63.6%80.8%70.9%75.6%56.6%
1.861.422.5433.7535.5733.8125.6838.3445.0041.772.161.601.342.002.892.571.451.131.572.13
1.861.422.546.228.624.580.110.840.2115.710.030.030.070.050.180.100.140.100.170.43
0.240.250.240.180.010.010.010.010.010.010.210.300.400.400.520.570.240.410.320.77
-2.5%-0.9%8.4%-1.6%0.0%34.1%-6.3%-5.5%0.8%11.8%2.8%6.1%0.1%5.4%3.7%-5.3%-10.0%-7.3%13.5%-4.4%
-1.8%-0.7%6.0%-1.2%0.0%30.1%-6.1%-5.4%0.7%11.7%2.3%4.7%0.1%3.9%2.4%-3.4%-8.1%-5.1%10.2%-2.5%
5.888.215.13over 100over 100---------------

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
Item20252024202320222021
Tangible fixed assets€5,329€54,653€9,998€246,030€1,858
€50,851€48,491€49,244€48,158€38,676

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VERMABEL

The operating result for 2025 is a loss of €22,832, larger than the loss of €8,979 in 2024.

Debt's share of the balance-sheet total falls from 17.9% to 17.6%. Equity and debt are lower.

Next steps

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