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VERMAN

Active
Public limited companyfounded 199233 yrs activeLeefdaalstraat(MRH) 65, 2200 Herentals, BelgiumKBO/BCE: BE 0448.381.312
Summary

VERMAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295,619 and a net result of -€7,929. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability16▲+2
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 4.79 against 2.16 in 2024; short-term debt: 1.7% and cash: 5.6% of total assets), and 21.4% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
78.6%
Return on assets
-2.1%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€7,929
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-11-2025, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
3 d late
2024
10 d early
2023
13 d early
2022
28 d early
2021
31 d early
2020
29 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 20 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 18 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 September 1992, VERMAN was incorporated.1 Total assets went from EUR 477,527 in 2019 to EUR 376,046 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€295,619▼ 2.6%
2024 · €303,549
Total assets
€376,046▼ 6.5%
2024 · €402,077
Net result
-€7,929▲ 51.3%
2024 · -€16,274
Working capital
€23,952▼ 1.5%
2024 · €24,325
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€4,546€571▼ 87.4%€2,068▲ 262%-€19,752-€11,407▲ 42.2%
Net result€8,915€2,195▼ 75.4%€2,251▲ 2.5%-€16,274-€7,929▲ 51.3%
Equity€315,378▲ 2.9%€317,573▲ 0.7%€319,823▲ 0.7%€303,549▼ 5.1%€295,619▼ 2.6%
Total assets€439,536▲ 0.3%€434,134▼ 1.2%€423,748▼ 2.4%€402,077▼ 5.1%€376,046▼ 6.5%
Debt€36,049▼ 9.8%€31,953▼ 11.4%€22,820▼ 28.6%€20,925▼ 8.3%€6,325▼ 69.8%
Working capital€13,010€22,920▲ 76.2%€32,884▲ 43.5%€24,325▼ 26.0%€23,952▼ 1.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: €4,546€4,546Net result 2021: €8,915€8,915Operating result 2022: €571€571Net result 2022: €2,195€2,195Operating result 2023: €2,068€2,068Net result 2023: €2,251€2,251Operating result 2024: -€19,752-€19,752Net result 2024: -€16,274-€16,274Operating result 2025: -€11,407-€11,407Net result 2025: -€7,929-€7,92920212022202320242025-€20,000-€10,000€0Operating result 2023: €2,068€2,070Net result 2023: €2,251€2,250Operating result 2024: -€19,752-€19,800Net result 2024: -€16,274-€16,300Operating result 2025: -€11,407-€11,400Net result 2025: -€7,929-€7,930202320242025
The operating result stays negative: a loss of €11,407 in 2025 against €19,752 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376,046
Fixed assets €345,769 ▼ 3.1%
Current assets €30,277 ▼ 33.1%
Equity and liabilities €376,046
Equity €295,619 ▼ 2.6%
Provisions €74,102 ▼ 4.5%
Debt €6,325 ▼ 69.8%
Debt's share of the balance-sheet total falls from 5.2% to 1.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€349▲
2024 · -€8,535
Cash flow
€3,129▲
2024 · -€5,057
Current ratio
4.79▲
2024 · 2.16
Debt to equity
0.02▼
2024 · 0.07
ROE
-2.7%▲
2024 · -5.4%
ROA
-2.1%▲
2024 · -4.0%
Interest coverage
-14.55▲
2024 · -355.63
Debt ≤ 1 year
€6,325▼
2024 · €20,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€402,077€376,046▼
Fixed assets21/28€356,827€345,769▼
Tangible fixed assets22/27€341,202€330,144▼
Land and buildings22€341,202€330,144▼
Financial fixed assets28€15,625€15,625=
Current assets29/58€45,250€30,277▼
Amounts receivable within one year40/41€12,851€9,215▼
Trade receivables40-€4,369
Other amounts receivable41€12,851€4,846▼
Cash at bank and in hand54/58€32,400€21,063▼
Equity and liabilities
Total equity and liabilities10/49€402,077€376,046▼
Equity10/15€303,549€295,619▼
Contributions10/11€62,500€62,500=
Capital10€62,500€62,500=
Issued capital100€62,500€62,500=
Reserves13€250,522€243,721▼
Non-distributable reserves130/1€6,250€6,250=
Legal reserve130€6,250€6,250=
Tax-exempt reserves132€150,709€143,908▼
Distributable reserves133€93,563€93,563=
Profit (loss) carried forward14-€9,473-€10,602▼
Provisions and deferred taxes16€77,603€74,102▼
Deferred taxes168€77,603€74,102▼
Amounts payable17/49€20,925€6,325▼
Amounts payable within one year42/48€20,925€6,325▼
Other amounts payable47/48€20,925€6,325▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,217€11,058▼
Other operating charges640/8€7,676€7,922▲
Gross operating margin9900-€860€7,573▲
Operating profit (loss)9901-€19,752-€11,407▲
Financial charges65/66B€24€24=
Recurring financial charges65€24€24=
Profit (loss) for the period before taxes9903-€19,776-€11,431▲
Transfer from deferred taxes780€3,502€3,502=
Profit (loss) for the period9904-€16,274-€7,929▲
Transfer from tax-exempt reserves789€6,801€6,801=
Profit (loss) for the period to be appropriated9905-€9,473-€1,129▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9,473-€10,602▼
Profit (loss) brought forward from the previous period14P--€9,473

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,217€11,216€11,217€11,217€11,058▼ 1.4%
Other operating charges640/8-€6,668€6,852€7,676€7,922▲ 3.2%
Gross operating margin9900€22,414€18,455€20,136-€860€7,573▲ 981%
Operating profit (loss)9901€4,546€571€2,068-€19,752-€11,407▲ 42.2%
Financial income75/76B-€3,220----
Recurring financial income75€2,596€3,220----
Financial charges65/66B-€22€24€24€24=
Recurring financial charges65€21€22€24€24€24=
Profit (loss) for the period before taxes9903€7,121€3,769€2,044-€19,776-€11,431▲ 42.2%
Transfer from deferred taxes780-€3,502€3,502€3,502€3,502=
Income taxes67/77€1,708€5,076€3,295---
Profit (loss) for the period9904€8,915€2,195€2,251-€16,274-€7,929▲ 51.3%
Transfer from tax-exempt reserves789-€11,750€6,801€6,801€6,801=
Profit (loss) for the period to be appropriated9905€15,715€13,945€9,051-€9,473-€1,129▲ 88.1%
Line20212022202320242025Change
Assets
Total assets20/58€439,536€434,134€423,748€402,077€376,046▼ 6.5%
Fixed assets21/28€390,477€379,261€368,044€356,827€345,769▼ 3.1%
Tangible fixed assets22/27€374,852€363,636€352,419€341,202€330,144▼ 3.2%
Land and buildings22-€363,636€352,419€341,202€330,144▼ 3.2%
Financial fixed assets28€15,625€15,625€15,625€15,625€15,625=
Current assets29/58€49,059€54,873€55,704€45,250€30,277▼ 33.1%
Amounts receivable within one year40/41€48,146€54,468€54,467€12,851€9,215▼ 28.3%
Trade receivables40----€4,369-
Other amounts receivable41-€54,468€54,467€12,851€4,846▼ 62.3%
Cash at bank and in hand54/58€913€405€1,238€32,400€21,063▼ 35.0%
Equity and liabilities
Total equity and liabilities10/49€439,536€434,134€423,748€402,077€376,046▼ 6.5%
Equity10/15€315,378€317,573€319,823€303,549€295,619▼ 2.6%
Contributions10/11€62,500€62,500€62,500€62,500€62,500=
Capital10-€62,500€62,500€62,500€62,500=
Issued capital100-€62,500€62,500€62,500€62,500=
Reserves13€252,878€255,073€257,323€250,522€243,721▼ 2.7%
Non-distributable reserves130/1-€6,250€6,250€6,250€6,250=
Legal reserve130-€6,250€6,250€6,250€6,250=
Tax-exempt reserves132-€164,311€157,510€150,709€143,908▼ 4.5%
Distributable reserves133-€84,512€93,563€93,563€93,563=
Profit (loss) carried forward14----€9,473-€10,602▼ 11.9%
Provisions and deferred taxes16€88,109€84,608€81,105€77,603€74,102▼ 4.5%
Deferred taxes168-€84,608€81,105€77,603€74,102▼ 4.5%
Amounts payable17/49€36,049€31,953€22,820€20,925€6,325▼ 69.8%
Amounts payable within one year42/48€36,049€31,953€22,820€20,925€6,325▼ 69.8%
Trade debts44€28,884-----
Taxes, remuneration and social security45-€5,076€3,295---
Taxes450/3-€5,076€3,295---
Other amounts payable47/48-€26,877€19,525€20,925€6,325▼ 69.8%
Line20212022202320242025Change
Profit (loss) for the period9904€8,915€2,195€2,251-€16,274-€7,929▲ 51.3%
+ Depreciation and write-downs630€11,217€11,216€11,217€11,217€11,058▼ 1.4%
Operating cash flow (approximation)€20,132€13,411€13,467-€5,057€3,129▲ 162%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€508€833€31,162-€11,337▼ 136%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
03-11
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
31-03
Financial Liquidity doublescurrent ratio 4.79
Current ratio from 2.16 to 4.79; short-term debt falls from €20,925 to €6,325.
2024
21-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
03-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial Back to profitnet €8,915
Net result €8,915 after 2 loss-making years.
2020
02-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
30-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
24-10
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.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Herentals · 1 establishment unit since 1998
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
2,002 m²
Volume, LiDAR
10,540 m³
2 parcels, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leefdaalstraat(MRH) 21, 2200 Herentals
Insurance, reinsurance and pension funding, except compulsory social security
since 19982.059.675.729
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13026A0080/00F003 Flanders 1.7 ha 1 · 1,802 m² 12.6 m · 2 fl.
13026A0192/00H000 Flanders 852 m² 1 · 200 m² 6.0 m · 1 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded30-09-1992
Fiscal year end31-03
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.