Vermako Cover Solutions

Active

Private limited companyfounded 2009active for 17 yearsCareelstraat 11, 8700 Tielt, BelgiumKBO/BCE: BE 0811.799.433

From 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 is growing by about 64% per year across the filed financial years. 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).

Risk analysisFollow Report Compare

Vermako Cover SolutionsActiveChecked score 91/100

Risk analysis Report Compare

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

Company details

Who decides

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

Board & ownership

How it is doing

91 Excellent Checked score 2025

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 on time

Filed on 30-04-2026PDF

Financials

Why 91raises 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 30-04-2026)Show the evidence

Checked score

Score 2025

91 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 51% of its sector peers (NACE 25, small)

Every signal that counts is listed under Signals.

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, 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).

Sector median 0.3% (749 companies, NACE 25, small)

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 tight (current ratio 1.29, compared with 1.29 in 2024, below the usual 1.5; short-term debt: 67.7% and cash: 41.7% of total assets), and 70.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 30% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.29, cash €843,213

NBB · annual accounts

Founded in 2009

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

KBO

Figures for financial year 2025 (filed 30-04-2026)

NBB · annual accounts

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 filings

Deviation 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

This company filed its last 7 accounts on average 1 day before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

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 months

Where today falls in the filing period

30-09-2026 year end01-11-2026 today30-04-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

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

Key facts about Vermako Cover Solutions

What is the company number of Vermako Cover Solutions?: 0811.799.433. In Belgium the VAT number is the company 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?: Private limited company (BV).
When was Vermako Cover Solutions 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?: On average 19 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Vermako Cover Solutions?: ≈ €2.3m in financial year 2025. Estimated from the gross margin of €1.3m: probably between €1.6m and €3.8m, based on 1,587 comparable companies of the same size. 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?: By 30-04-2027, for financial year 2026.Timeline