VERMADRA
ActiveVERMADRA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €377k and a net result of €249k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 414 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +83 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency96▲+72
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.08 in 2024), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.5%
Return on assets
34.1%
Age of the figures
8 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
6 d early
2023
9 d early
2022
5 d early
2021
51 d early
2020
29 d early
2019
63 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€249k
2024 · €-43k
2018: €23k
2019: €-6k
2020: €29k
2021: €37k
2022: €-41k
2023: €12k
2024: €-43k
2018 → 2025
Working capital
€228k▲ 533%
2024 · €36k
2018: €6k
2019: €-17k
2020: €58k
2021: €110k
2022: €86k
2023: €126k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€159k▼ 20.6%€171k▲ 7.7%€128k▼ 25.3%€377k▲ 195%
Operating result€53k-€-29k€26k€-24k€325k
Net result€37k-€-41k€12k€-43k€249k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €325k after a loss of €24k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €732k
Fixed assets
€291k▲ 9.9%
Current assets
€441k▼ 8.9%
Equity and liabilities €732k
Equity
€377k▲ 195%
Debt
€355k▼ 42.8%
The debt ratio falls from 82.9% to 48.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€347k▲
2024 · €9k
Cash flow
€271k▲
2024 · €-10k
Solvency
51.5%▲
2024 · 17.1%
Current ratio
2.07▲
2024 · 1.08
Quick ratio
2.07▲
2024 · 0.54
Debt / equity
0.94▼
2024 · 4.86
ROE
66.1%▲
2024 · -33.9%
ROA
34.1%▲
2024 · -5.8%
Interest coverage
20.76▲
2024 · 0.47
Debt
€355k▼
2024 · €621k
Debt ≤ 1 year
€213k▼
2024 · €448k
Debt > 1 year
€136k▼
2024 · €164k
Income taxes
€59k
Staff costs
€59k▼
2024 · €178k
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€749k€732k▼
Fixed assets21/28€265k€291k▲
Intangible fixed assets21€8k-
Tangible fixed assets22/27€256k€291k▲
Land and buildings22€152k€248k▲
Plant, machinery and equipment23€22k-
Furniture and vehicles24€922-
Leasing and similar rights25€81k€43k▼
Financial fixed assets28€1k-
Current assets29/58€484k€441k▼
Stocks and contracts in progress3€241k-
Stocks30/36€241k-
Amounts receivable within one year40/41€196k€393k▲
Trade receivables40€121k€263k▲
Other amounts receivable41€75k€130k▲
Cash at bank and in hand54/58€46k€47k▲
Deferred charges and accrued income490/1€765€694▼
Equity and liabilities
Total equity and liabilities10/49€749k€732k▼
Equity10/15€128k€377k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€71k€315k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€65k€309k▲
Profit (loss) carried forward14€-6k-
Amounts payable17/49€621k€355k▼
Amounts payable after more than one year17€164k€136k▼
Financial debts170/4€164k€136k▼
Amounts payable within one year42/48€448k€213k▼
Current portion of amounts payable after more than one year42€25k€30k▲
Financial debts43€53k€94k▲
Credit institutions430/8€50k€50k=
Other loans439€3k€44k▲
Trade debts44€164k€20k▼
Suppliers440/4€164k€20k▼
Taxes, remuneration and social security45€41k€84▼
Taxes450/3€6k€84▼
Remuneration and social security454/9€35k-
Other amounts payable47/48€165k€69k▼
Accrued charges and deferred income492/3€10k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€178k€59k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€21k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-16k
Other operating charges640/8€5k€15k▲
Gross operating margin9900€193k€404k▲
Operating profit (loss)9901€-24k€325k▲
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€-43k€308k▲
Income taxes67/77-€59k
Profit (loss) for the period9904€-43k€249k▲
Profit (loss) for the period to be appropriated9905€-43k€249k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€244k▲
Profit (loss) brought forward from the previous period14P€38k€-6k▼
Transfer to equity691/2-€244k
To other reserves6921-€244k
Social balance
Average headcount (FTE)90873.00.9▼
The notes to these accounts (12 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €249k
Net result €249k after one loss-making year.
31-12
Financial
Equity above €200kEq €377k ▲195%
Equity rises from €128k to €377k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-43k ▼453%
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Equity above €150kEq €163k ▲21.8%
Equity rises from €133k to €163k.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tielt · 1 establishment unit since 1995
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.
Kortrijkstraat 568700 TieltGround area
5,858 m²
Building footprint
2,682 m²
Volume, LiDAR
6,942 m³
2 parcels, Flanders · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oude Stationstraat 142, 8700 Tielt
since 19952.071.472.315
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015K1126/00S000 | Flanders | 3,940 m² | 1 · 1,331 m² | - |
| 37303G0163/00X002 | Flanders | 1,918 m² | 1 · 1,351 m² | 5.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SPORTMEDISCHE STUDIO OLYMPIA
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Turnhout · Eq €373k
MAERIEN INVEST
BE 0434.534.363
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STRENGTH HOUSE
BE 0672.456.953
Bredene · Eq €382k
VANHOUTTE MARINO
BE 0471.914.502
Ledegem · Eq €386k
HARMONIZE
BE 0647.763.822
Turnhout · Eq €391k
Of 1,512 companies in sector 93130 we hold annual accounts for 684. 395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-04-1995
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
93130Fitness centres
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.