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VERMABEL

Active Public limited companyfounded 1990active for 36 yearsGen.Geneesheer Derachelaan 81, 1050 IxellesKBO/BCE: BE 0441.702.366
VERMABEL
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Overview

Lifetime

20 annual accounts with figures on one time axis, 35 filings since 1991
peak €135,013 (2007)
€35,078▼ 24.9%
lowest -€64,759 (2009)
-€21,968▼ €13,453
peak €1.1m (2021)
€875,242▼ 2.4%
€213,177▼ 4.5%
Board2 names since 2021
2 directorsBart Verbelen and 1 other
Owners2 names in the annual accounts
  
Documentsfilings and deeds
06-08-20266 days late
2025abbreviated format
Gross margin from €46,689 to €35,078Loss of €21,968

Key points

from the 2025 annual accounts

Losses

-€30,484 in two years
-8,5152024-21,9682025

The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.

Turnover

≈ €57,000 estimated

The accounts state no turnover.

Filings

35 annual accounts since 1991
AprilJune31 JulyOctober200020102020

Four of the last ten came late. The 2022 accounts came latest: 30 days after the end of the period.

Checked score

95
Excellent
Financially stronger than 59% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: < 0.1%▼ -0.1 percentage points vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: 0.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value 09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

97=equity 72.3% of total assets
56+1short-term debt 2.7% · cash 5.0%
65-3return on assets -1.8%

Score breakdown

lowers risk
Size: total assets €1.2m
Figures for financial year 2025 (filed on 06-08-2026)
Founded in 1990
Equity €875,242 (72.3% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 79% of them on solvency, 67% on liquidity, 52% on profitability and 38% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 8,617 companies had the same profile as VERMABEL has now. Each dot stands for 22 companies, two years later.

94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VERMABEL itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 8,617 companies, not a prediction for VERMABEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €80,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.86 (1.42 in 2024), above the usual 1.5. Short-term debt is 2.7% and cash 5% of total assets. 27.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €1.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 06-08-2026)
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €875,242 (72.3% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
6 days late
2024
9 days early
2023
30 days late
2022
30 days late
2021
2 days early
2020
26 days late
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BV
Bart Verbelen
Director
VT
VERBELEN Tim
Director
  • Bart Verbelen 50%annual accounts 2017
  • Tim Verbelen 50%annual accounts 2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0441702366
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Leuven
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Leuven
Registered office moved to Ixelles Capital decrease of €300,000 to €450,000 · Capital from €750,000 to €450,000 · New registered office: Generaal Geneesheer Derachelaan 81, 1050 Elsene · General meeting of 29-03-2023 · Gazette deed
All 48 events

Comparable companies

same main activity, similar in size and age
Company
VERMABEL Ixelles €1.2m €35,078 72.3% -
Diagnostic et Gestion d'Image Uccle €1.1m €33,295 49.0% -
VALIENTE INVEST Woluwe-Saint-Pierre €1.2m €43,712 18.9% -
S.A. de Gestion Mobilière, Immobilière et Financière Luxembourgeoise Saint-Léger (Lux.) €1.3m €35,785 57.4% -
CREFI - INVEST Wavre €1.2m €36,522 91.0% -
BELMAS Destelbergen €1.1m €34,465 1.2% -
DANNIMMO Lochristi €1.4m €36,259 33.5% -

These companies have the same main activity as VERMABEL: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 1986 and 1993.

Official details

Source: KBO
Status
Active since 02-08-1990Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
Establishment unit
2.062.029.4633360 Bierbeek, since 12-05-1993
Financial year end
31 December
Peppol
Reachable since 09-11-2025
Company details

Annual accounts 2025

€35,078▼ 24.9%
€21,968▲ 158%
€875,242▼ 2.4%
€1.2m▼ 3.0%
Filing
Filed on 06-08-2026
Financials

Insights on VERMABEL

VERMABEL files the abbreviated format. That format states no turnover. The gross margin rose from €33,358 in 2006 to €35,078 in 2025.

The balance sheet grew most in 2020 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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.

Board & ownership

Board

2 directors
Bart Verbelen
Director (not named in the articles)
in office according to the deed of 13-04-2023
listed in the 2025 annual accounts, filed on 06-08-2026
VERBELEN Tim
Director (not named in the articles)
in office according to the deed of 13-04-2023
listed in the 2025 annual accounts, filed on 06-08-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Bart Verbelen
Director (not named in the articles)
VERBELEN Tim
Director (not named in the articles)
Boardmandate already running before its first mention
Mandates as a list
  • Bart Verbelen
    • Director (not named in the articles), since before 31-12-2021
  • VERBELEN Tim
    • Director (not named in the articles), since before 31-12-2021

See the board, name and registered office on a given date →

Control

Shareholder
Bart Verbelen
50%
This company
VERMABEL
Equity €875,242
Loss €21,968 in 2025

and 1 other shareholder

Capital

Capital
€450,000
Source
deed of 13-04-2023

Articles of association

deed of 13-04-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
Term of at most 6 years
“Herstemming tussen twee kandidaten met meeste stemmen, verplicht opdracht voortzetten tot vervanging binnen redelijke termijn”
“Raad kan ondervoorzitter benoemen, raad kiest voorzitter uit midden”
“Twee bestuurders, voorzitter bij verhindering ondervoorzitter bij gebrek andere bestuurder aangeduid door collega's”
“Meerderheid leden aanwezig of vertegenwoordigd, een collega”
“Bijzonder register, voorzitter of ten minste twee bestuurders”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of June
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Bevoegdheden vereffenaars, algemene vergadering anders bij gewone meerderheid”

Shareholders

2 owners

Owners 2

Capital transactions

Capital over time
  1. 13-04-2023 Capital reduction of €300,000 · to €450,000 · repaid to the shareholders
  2. 13-04-2023 Capital reduction of €300,000 · to €450,000

Network & group

No group

VERMABEL has no parent and no holdings in its annual accounts.

Connections & network

2 current directors
Depth

The network starts from the directors of VERMABEL. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

48 events since 1990

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 6 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0441702366
Annual accounts 2024 filed PDFmicro format · 9 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 30 days late
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Leuven
2023
Back to profit net €75,787 The net result is €75,787, after one loss-making year.
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Leuven
Annual accounts 2022 filed PDFmicro format · 30 days late
Registered office moved to IxellesCapital decrease of €300,000 to €450,000 · Capital from €750,000 to €450,000 · New registered office: Generaal Geneesheer Derachelaan 81, 1050 Elsene · General meeting of 29-03-20239 points ▸
  • General meeting, 29-03-2023
  • Purpose change, “voorwerp hierna vermeld onder artikel 3 van de statuten” (deed in Dutch)
  • Capital decrease, €300,000, mentioned twice in the deed
  • Capital, €450,000, 610 shares
  • Director reappointment, Bart Verbelen (director (not named in the articles))
  • Director reappointment, VERBELEN Tim (director (not named in the articles))
  • Director discharge, Bart Verbelen
  • Director discharge, VERBELEN Tim
  • Registered-office move, Generaal Geneesheer Derachelaan 81, 1050 Elsene
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFmicro format · 2 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 26 days late
2020
Back to profit net €391,896 The net result is €391,896, after 2 loss-making years.
Equity above €1m equity €1.1m ▲51.8% Equity rises from €756,002 to €1.1m.
Annual accounts 2019 filed PDFmicro format · 1 day before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 18 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 1 day before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 4 days before the deadline
2016
Liquidity more than 19 times current ratio 41.77 The current ratio rises from 2.16 to 41.77. Short-term debt falls from €158,462 to €7,723.
Annual accounts 2015 filed PDFabbreviated format · 4 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 4 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 14 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 16 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 11 days before the deadline
2011
Back to profit net €23,574 The net result is €23,574, after 3 loss-making years.
Annual accounts 2010 filed PDFabbreviated format · 21 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 29 days before the deadline
2009
Weakest financial year net -€64,759 The net result drops to -€64,759, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2008 filed PDFabbreviated format · 3 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 22 days late
2007
Back to profit net €80,439 The net result is €80,439, after one loss-making year.
Annual accounts 2006 filed PDFabbreviated format · 14 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
First establishment VERMABEL-VERZEKERINSKANTOOR NV, Tiensesteenweg 330 C, Bierbeek
1992
Annual accounts 1991 filed PDFabbreviated format
1990
Incorporation published on 05-09-1990

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VERMABEL was incorporated on 2 August 1990.1 The registered office was moved to Ixelles in 2023.2 Total assets rose from €820,793 in 2018 to €1.2m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 13-04-2023
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0441.702.366
VAT number
BE 0441.702.366
Peppol ID
0208:0441702366
Other Peppol ID
9925:BE0441702366
Legal form
Public limited company
Status
Active, normal situation
Founded
02-08-1990
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of June
deed of 13-04-2023 (in Dutch)
Peppol
Reachable since 09-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VERMABEL in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-04-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Hoofdstedelijk Gewest”
deed of 13-04-2023 (in Dutch)

Activities

NACEBEL 2025
68201 Renting and operating of own or leased residential real estate, excluding social housing main activity
74201 Photography, excluding press photography
85599 Other education
Codes under NACEBEL 2008
68201 Real estate activities main activity
74201 Photography, excluding press photography
85599 Other education
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verstrekken van onderwijs in de zin van studiebegeleiding; De bemiddeling met het oog op verkoop, aankoop, ruil, verhuur of afstand van…”
41 activities
  1. Het verstrekken van onderwijs in de zin van studiebegeleiding.
  2. De bemiddeling met het oog op verkoop, aankoop, ruil, verhuur of afstand van onroerende goederen, onroerende rechten en/of handelsfondsen, zowel in binnen- als in buitenland, voor eigen rekening of voor rekening van derden.
  3. De bemiddeling bedoeld onder punt II beoogt in het bijzonder de bemiddeling bij de verkoop van nog te realiseren nieuwbouwprojecten en verbouwprojecten.
  4. Het bestuur en de vereffening waarnemen in andere vennootschappen.
  5. Zij mag leningen van gelijk welke vorm en voor gelijk welke duur aan deze laatsten toestaan of borgstellingen verstrekken voor deze vennootschappen.
  6. Film & Video Productie & Distributie
  7. Productie van bioscoopfilms
  8. Productie van televisiefilms
  9. Productie van films, met uitzondering van bioscoop en televisiefilms
  10. Productie van televisieprogramma's
  11. Activiteiten in verband met films en video en televisieprogramma's na de productie
  12. Distributie van films en video en televisieprogramma's
  13. Vertoning van films
  14. Muziek Productie & Distributie
  15. Maken van geluidsopnamen
  16. Geluidsopnamestudio's
  17. Uitgeverijen van muziekopnamen
  18. Schrijven, journalistiek & Youtube
  19. Uitgeverijen van boeken
  20. Overige uitgeverijen
  21. Scheppende kunsten, met uitzondering van ondersteunende diensten
  22. Foto & Grafisch Design
  23. Activiteiten van grafische designers
  24. Activiteiten van fotografen, met uitzondering van persfotografen
  25. Overige fotografische activiteiten
  26. DJ, acteur, voordracht & andere optredens
  27. Beoefening van uitvoerende kunsten door zelfstandig werkende artiesten
  28. Verhuur materiaal
  29. Verhuur en operationele leasing zonder bedieningspersoneel van radio en televisie- en communicatieapparatuur
  30. Het verstrekken van advies op gebied van commerciële, financiële en administratieve aangelegenheden.
  31. Het verlenen van beheers- en managementsdiensten-, adviezen en onderrichtingen; het verrichten van administratief ondersteunende diensten in het algemeen.
  32. Voormelde adviezen en diensten kunnen de volledige bedrijfsvoering van ondernemingen betreffen, zowel in binnen- als in buitenland, zowel voor eigen rekening als voor rekening van derden.
  33. Het aankopen, bouwen, verbouwen, opschikken, uitrusten, ombouwen, uitbaten (rechtstreeks of in regie) en verhuren van onroerende goederen, en het afsluiten van andere overeenkomsten met het oog op beheer en opbrengst, alsmede de vervreemding van zelfde goederen met het oog op wederbelegging en opbrengst.
  34. Het onderhoud van eigen gebouwen en gebouwen van derden verzekeren.
  35. De landbouw- en bosuitbating.
  36. Het beleggen van beschikbare middelen in roerende goederen en waarden, effecten en vreemde munten inbegrepen.
  37. In dit kader mag de vennootschap waarden aan- en verkopen, doch uitsluitend in de mate dat deze verrichtingen als noodzakelijk of nuttig kunnen aanzien worden voor het beheren als een voorzichtig en redelijk persoon en met uitsluiting van het speculeren op de wisselkoersen.
  38. Het uitoefenen van het syndicusschap van onroerende goederen in mede-eigendom.
  39. Zij mag alle commerciële, industriële, financiële, roerende en onroerende verrichtingen uitvoeren, die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die aard zijn dit te begunstigen.
  40. Zo kan zij onder meer participaties nemen in iedere onderneming waarvan het voorwerp gelijkaardig, overeenkomstig of verwant is met het hare, voor zover ze echter niet strijdig zijn met het karakter van de vennootschap.
  41. De vennootschap mag haar voorwerp verwezenlijken zo in België als in het buitenland op alle wijzen die ze geschikt acht.
deed of 13-04-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Gen.Geneesheer Derachelaan 81 registered office 1050 Ixelles
VERMABEL-VERZEKERINSKANTOOR NV Tiensesteenweg 330 C, 3360 Bierbeek 12-05-1993 2.062.029.463

Buildings and parcels at the addresses

Ground area
656 m²
Buildings
86 m²
Volume, LiDAR
605 m³
Tallest building
11.5 m
Buildings to scale, each on its own parcel
86 m², 11.5 m 86 m², 11.5 m

Environmental permits

2 applications in Flanders since 2023 · 2 granted
26-01-2024 Granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 25-10-2023 · project 2023141601 Leuven
29-09-2023 Granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 13-06-2023 · project 2023081227 Leuven

Source: Omgevingsloket Vlaanderen.

Location

establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
24065B0113/00A003656 m² 1 · 86 m² 11.5 m · 3

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