Parent and group
- MAEVENIR100%
Vermako Cover Solutions
ActiveFrom the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Vermako Cover Solutions has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €593,060 and a net result of €107,628. Equity has been growing by about 64% per year since 2019. Its solvency ranks better than 29% of 1,238 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 18-05-2009 Normal situation
- Legal form
- Private limited company
- Registered office
- Careelstraat 11, 8700 Tielt
- Activity
- Manufacture of metal structures and parts of structures NACE 25110and 4 others
- Establishment unit
- 2.178.566.451 8700 Tielt, since 12-06-2009
- Financial year end
- 30 September
- Peppol
- Reachable
Board and ownership
Board
- MAEVENIRManaging director · permanent representative Karl MAES
- MAES Jacques Geert PaulDirector · since 01-01-2020
- Kim MaesDirector · since 27-02-2024
Shareholders
- MAEVENIR100%annual accounts 30-09-2025
- JACQUES MAES50%annual accounts 30-09-2023
- KATTY VERBEKE50%annual accounts 30-09-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-09-2025
- Gross margin
- €1.3m
- Turnover
- ≈ €2.3m
- estimated
- Profit
- €107,628
- ▼ 81.7%
- Equity
- €593,060
- ▲ 0.4%
- Total assets
- €2.0m
- ▲ 4.8%
- Staff
- 19 FTE
- =
Net result -82%: other schema2025 accounts filed on time
Filed on 30-04-2026PDF
Score breakdownraises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 1.29, cash €843,213Founded in 2009Figures for financial year 2025 (filed on 30-04-2026)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of small companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Strong
Solvency
54-2
equity 29.4% of total assets
Liquidity
64+44
short-term debt 67.7% · cash 41.7%
Profitability
75-24
return on assets 5.3%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.4%▲ +0.1 percentage points vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.6%● unchanged vs 05-2025highest value
07-2025: 0.3%▼ -0.3 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.4%▲ +0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.2 percentage points vs 03-2026
05-2026: 0.1%▼ -0.5 percentage points vs 04-2026lowest value
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.29 in 2024), below the usual 1.5. Short-term debt is 67.7% and cash 41.7% of total assets. 70.6% of the assets are financed with debt and provisions.
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 25, small). It does better than 30% of them on solvency, 78% on liquidity, 62% on profitability and 33% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 days early
2023
6 days early
2022
on the day
2021
14 days late
2020
16 days late
2019
3 days 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 1 day before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 25 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
Key points
- Caution: Result fell in 2025different schema filed ▼ 81.7% View
- Positive: 3rd fastest staff growth in Tielt, Manufacturing sectorin the Checked rankings No. 3 View
- Positive: 7 profitable years in a rowprofit 2025: €107,628 7 years View
- Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 30-04-2026
- Annual accounts 2024filed on 03-04-2025
- Annual accounts 2023filed on 24-04-2024
- Annual accounts 2022filed on 31-01-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 14-11-2024
- Resignations & appointmentsact of 13-06-2024
- Registered office · Legal-form change · Resignations & appointmentsact of 28-06-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Vermako Cover Solutions
- What is the company number of Vermako Cover Solutions?
- The company number of Vermako Cover Solutions is 0811.799.433. The VAT number is the same number with BE in front: BE 0811.799.433.
- Where is Vermako Cover Solutions based?
- The registered office is at Careelstraat 11, 8700 Tielt.Company details
- What does Vermako Cover Solutions do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of Vermako Cover Solutions?
- The legal form of Vermako Cover Solutions is Private limited company (BV).
- When was Vermako Cover Solutions founded?
- Vermako Cover Solutions was founded on 18-05-2009.
- Is Vermako Cover Solutions still active?
- Yes, Vermako Cover Solutions is an active enterprise in the KBO register.
- How many employees does Vermako Cover Solutions have?
- Vermako Cover Solutions had an average of 19 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Vermako Cover Solutions?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €1.3m and 1,586 comparable companies of the same size. It probably lies between €1.6m and €3.8m. It is a rough estimate. In financial year 2024 turnover was €4.4m.
- Is Vermako Cover Solutions profitable?
- In financial year 2025, Vermako Cover Solutions made a profit of €107,628.
- Where can I find the annual accounts of Vermako Cover Solutions?
- Vermako Cover Solutions filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of Vermako Cover Solutions due?
- Vermako Cover Solutions must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Companies linked to Vermako Cover Solutions
Comparable companies
These companies have the same main activity as Vermako Cover Solutions: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €1.4m and €2.4m, founded between 2005 and 2014.
| Company | Total assets | Gross margin |
|---|---|---|
| Vermako Cover Solutions Tielt | €2.0m | €1.3m |
| SERTIP Charleroi | €2.2m | €1.5m |
| Bemepro Menen | €2.0m | €1.0m |
| J.C. TECHNIEK Anzegem | €2.3m | €1.6m |
| Callewaert Industries and Projects Wingene | €2.4m | €1.3m |
| DEBOODT K & D Kortemark | €1.4m | €1.0m |
| ADVANCED TUBE TECHNOLOGY Roeselare | €1.4m | €1.6m |
Next steps
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