VERMACH
Open bankruptcyA bankruptcy procedure is open for VERMACH according to publications in the Belgian State Gazette; curator: GERT RYDANT. The 2025 annual accounts show negative equity (€-51k) and a net result of €-29k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-51k
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 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
25 d late
2023
23 d late
2022
22 d late
2021
25 d late
2020
24 d late
2019
52 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-51k▼ 130%
2024 · €-22k
2018: €-7k
2019: €-11k
2020: €-7k
2021: €-1k
2022: €4k
2023: €-2k
2024: €-22k
2018 → 2025
Total assets
€316k▼ 0.6%
2024 · €318k
2018: €320k
2019: €313k
2020: €313k
2021: €316k
2022: €315k
2023: €315k
2024: €318k
2018 → 2025
Net result
€-29k▼ 41.7%
2024 · €-20k
2018: €85
2019: €-4k
2020: €4k
2021: €6k
2022: €6k
2023: €-6k
2024: €-20k
2018 → 2025
Working capital
€-318k▼ 9.9%
2024 · €-290k
2018: €-230k
2019: €-241k
2020: €-245k
2021: €-246k
2022: €-248k
2023: €-262k
2024: €-290k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1k-€4k€-2k€-22k▼ 1,100%€-51k▼ 130%
Operating result€8k-€8k▼ 0.9%€-4k€-18k▼ 347%€-27k▼ 47.8%
Net result€6k-€6k▲ 2.8%€-6k€-20k▼ 220%€-29k▼ 41.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €18k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315k
Fixed assets
€304k=
Current assets
€11k▼ 14.8%
Key figures and ratios
Solvency
-16.1%▼
2024 · -6.9%
Current ratio
0.03▼
2024 · 0.04
Quick ratio
0.03▼
2024 · 0.04
Debt / equity
-7.23▲
2024 · -15.42
ROA
-9.1%▼
2024 · -6.4%
Debt
€367k▲
2024 · €340k
Debt ≤ 1 year
€330k▲
2024 · €303k
Debt > 1 year
€38k=
2024 · €38k
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€318k€316k▼
Formation expenses20€1k€1k=
Fixed assets21/28€304k€304k=
Tangible fixed assets22/27€304k€304k=
Land and buildings22€301k€301k=
Plant, machinery and equipment23€3k€3k=
Current assets29/58€13k€11k▼
Amounts receivable after more than one year29€5k-
Trade receivables290€5k-
Cash at bank and in hand54/58€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€318k€316k▼
Equity10/15€-22k€-51k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-84k€-113k▼
Amounts payable17/49€340k€367k▲
Amounts payable after more than one year17€38k€38k=
Financial debts170/4€38k€38k=
Amounts payable within one year42/48€303k€330k▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€786-
Suppliers440/4€786-
Other amounts payable47/48€295k€330k▲
Income statement
Code20242025
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€-15k€-21k▼
Operating profit (loss)9901€-18k€-27k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-20k€-29k▼
Profit (loss) for the period9904€-20k€-29k▼
Profit (loss) for the period to be appropriated9905€-20k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-84k€-113k▼
Profit (loss) brought forward from the previous period14P€-64k€-84k▼
The notes to these accounts (3 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
13-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · VERMACH NV ERWETEGEM- STRAAT 60, 9620 ZOTTEGEM · event 07-05-2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2018net €6k ▲2.8%
Net result €6k, the highest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zottegem
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.
Erwetegemstraat 609620 ZottegemGround area
2,004 m²
Building footprint
164 m²
Volume, LiDAR
935 m³
Parcel 41017A0295/00H000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41017A0295/00H000 | Flanders | 2,004 m² | 1 · 164 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GERT RYDANT BRUSSELSETEENWEG 691, 9050 GENT-
BRUGGE |
07-05-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-09-2010
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.