Active BE 0829.122.742Public limited companyOpen bankruptcy

VERMACH

Erwetegemstraat 60 ·9620 Zottegem, Belgium· 15 yrs active

Conclusion Checked

A bankruptcy procedure is open for VERMACH according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-51k) and a net result of €-29k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-51k
Net result	€-29k
Active	15 yrs
Board	2

Snowflake analysis 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 08-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Net profit

€-29k

-353.9% 18-25

Total assets

€316k

+0.6% 18-25

Equity

€-51k

-2660.3% 18-25

Working capital

€-318k

-21.6% 18-25

Debt

€367k

+16.0% 18-25

Debt ≤ 1y

€330k

+21.5% 18-25

Debt > 1y

€38k

-16.7% 18-25

Current ratio

0.03

-2.0% 18-25

Quick ratio

0.03

-2.0% 18-25

Solvency

-16.1%

-2644.4% 18-25

Debt / equity

-7.23

+95.8% 18-25

ROE

56.5%

-83.6% 18-25

ROA

-9.1%

-351.3% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-29k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€316k
Equity	€-51k
Debt	€367k
of which ≤ 1y	€330k
of which > 1y	€38k
Working capital	€-318k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.03
Quick ratio	0.03
Working capital ratio	-100.6%
Solvency	-16.1%
Debt / equity	-7.23
Long-term debt ratio	-0.74
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-9.1%
ROE	56.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €304k · 96.4% Current assets €11k · 3.6%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€316k
Fixed assets	21/28	€304k
Formation expenses	20	€1k
Tangible fixed assets	22/27	€304k
Current assets	29/58	€11k
Cash & bank	54/58	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€316k
Equity	10/15	€-51k
Contributions / capital	10/11	€62k
Accumulated profits (losses)	14	€-113k
Amounts payable	17/49	€367k
Amounts payable after one year	17	€38k
Amounts payable within one year	42/48	€330k
Income statement
Gross operating margin	9900	€-21k
Operating result	9901	€-27k
Financial charges	65	€2k
Result before taxes	9903	€-29k
Net result for the period	9904	€-29k
Result to be appropriated	9905	€-29k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Christine Machtelinckx
Director
State Gazette act 23480193 (28-12-2023)

Current
28-12-2023 → present
2 events
- 28-12-2023 Resigned· Director
- 28-12-2023 Appointed· Director
Edgard Verlinden
Director
State Gazette act 23480193 (28-12-2023)

Current
28-12-2023 → present
2 events
- 28-12-2023 Resigned· Director
- 28-12-2023 Appointed· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GERT RYDANT BRUSSELSETEENWEG 691, 9050 GENT- BRUGGE ↔ Also on 57 other cases	07-05-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	09-09-2010
Status	Active
Postal code	9620
First BS signal	13-05-2026
Latest BS signal	13-05-2026

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41017A0295/00H000	Flanders	2,004 m²	1 · 164 m²	8.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

13-05-2026

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Oudenaarde · VERMACH NV ERWETEGEM- STRAAT 60, 9620 ZOTTEGEM · event 07-05-2026

08-04-2026

NBB filing Annual accounts filed

fiscal year 2025 · micro

2025

25-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

23-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

28-12-2023

State Gazette act Director changes

Pieter De Wilde

22-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

25-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

24-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

21-09-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

28-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

28-08-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

25-08-2017

NBB filing Annual accounts filed

fiscal year 2016 · micro

Lifecycle & Insolvency Signals 1 events

13-05-2026

Bankruptcy Opening

Date: 07-05-2026 · Ondernemingsrechtbank Gent, afdeling Oudenaarde · VERMACH NV ERWETEGEM- STRAAT 60, 9620 ZOTTEGEM · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 2 directors appointed, 2 resigning Director changes·Pieter De Wilde

Edgard Verlinden, Bestuurder
Christine Machtelinckx, Bestuurder
Edgard Verlinden, Bestuurder
Christine Machtelinckx, Bestuurder

Notary: Pieter De Wilde · Zottegem

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Edgard Verlinden",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Christine Machtelinckx",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Edgard Verlinden",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Christine Machtelinckx",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Edgard Verlinden",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Christine Machtelinckx",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Pieter De Wilde",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Zottegem",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-28",
    "filing_date": "2023-12-24",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-21",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-21",
      "unanimous": null
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-21",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2023-12-21",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0829.122.742",
    "name_full": "VERMACH",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Pieter De Wilde",
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "afschrift van genoemd proces-verbaal",
    "geco\u00F6rdineerde statuten van gemelde vennootschap"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

VERMACH

Registered office

Erwetegemstraat 60

9620 Zottegem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.