Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
In 2025, 29 people joined and 30 left.
The last five annual accounts were filed 11 to 37 days before the end of the period.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Vermap Ravels | €68,961 | €30,881 | 37.5% | - |
| SimplyConnect Schoten | €60,470 | €24,796 | 74.5% | - |
| ENDECO CONSULTING Beringen | €64,132 | €31,493 | 77.3% | - |
| Path4Quality Rotselaar | €61,406 | €30,220 | 99.3% | - |
| THG GERMAN DESK Brussels | €60,370 | €26,979 | 59.8% | - |
| TIP TOP AGENCY Pajottegem | €57,011 | €32,904 | 70.2% | - |
| BE-CODE Lievegem | €76,438 | €24,433 | 67.9% | - |
These companies have the same main activity as Vermap: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €57,000 and €76,400, founded between 2011 and 2013.
Vermap files the micro format. That format states no turnover. The gross margin rose from €17,309 in 2012 to €30,881 in 2025.
The balance sheet grew most from 2023 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Higher than 39% of 9,771 companies in 2025.
Lower than 95% of 9,625 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 29 people joined and 30 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
68,961 | 100,746 | 65,261 | 47,711 | 67,631 | 60,447 | 45,351 | 40,195 | 25,546 | 26,935 | 13,526 | 14,536 | 46,445 | 29,185 | |
21/28 |
39,868 | 49,446 | 22,619 | 28,159 | 31,825 | 33,868 | 32,621 | 12,463 | 1,198 | - | 683 | 886 | 406 | - | |
21 |
9,210 | 12,280 | 15,350 | 18,420 | 21,490 | 24,560 | 27,630 | - | - | - | - | - | - | - | |
22/27 |
29,958 | 36,466 | 6,569 | 9,039 | 9,635 | 8,608 | 4,291 | 11,763 | 1,198 | - | - | 203 | 406 | - | |
23 |
736 | 1,370 | 2,005 | 3,390 | 2,901 | 2,252 | 3,002 | 4,039 | - | - | - | - | - | - | |
24 |
- | 260 | 723 | 1,186 | 1,648 | 2,111 | - | 7,724 | 1,198 | - | - | 203 | 406 | - | |
25 |
23,747 | 30,180 | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
5,475 | 4,655 | 3,841 | 4,463 | 5,085 | 4,245 | 1,289 | - | - | - | - | - | - | - | |
28 |
700 | 700 | 700 | 700 | 700 | 700 | 700 | 700 | - | - | 683 | 683 | - | - | |
29/58 |
29,093 | 51,300 | 42,642 | 19,552 | 35,806 | 26,579 | 12,730 | 27,731 | 24,347 | 26,935 | 12,843 | 13,650 | 46,039 | 29,185 | |
3 |
- | - | - | - | - | - | 1,793 | - | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | 1,793 | - | - | - | - | - | - | - | |
40/41 |
1,907 | 1,466 | 1,818 | 2,844 | 1,510 | 2,526 | 2,203 | 15,450 | 22,512 | 23,004 | 8,032 | 13,650 | 41,599 | 24,684 | |
40 |
1,861 | 1,420 | 1,811 | 2,631 | 1,372 | 1,330 | 2,086 | 5,375 | 7,230 | 9,085 | - | 1,104 | 18,634 | 24,684 | |
41 |
46 | 46 | 7 | 214 | 138 | 1,196 | 117 | 10,074 | 15,282 | 13,919 | 8,032 | 12,546 | 22,965 | - | |
54/58 |
25,052 | 47,336 | 35,665 | 15,852 | 33,499 | 23,277 | 7,979 | 12,282 | - | 3,931 | 4,667 | - | 4,440 | 4,501 | |
490/1 |
2,134 | 2,498 | 5,159 | 855 | 797 | 776 | 755 | - | 1,835 | - | 144 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
68,961 | 100,746 | 65,261 | 47,711 | 67,631 | 60,447 | 45,351 | 40,195 | 25,546 | 26,935 | 13,526 | 14,536 | 46,445 | 29,185 | |
10/15 |
25,867 | 39,913 | 43,261 | 24,420 | 24,681 | 34,290 | 3,649 | 8,060 | 11,444 | 14,833 | 9,946 | 7,207 | 20,160 | 17,356 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | 18,600 | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 18,600 | - | - | - | - | - | - | - | |
13 |
20,700 | 21,313 | 24,661 | 5,820 | 6,081 | 15,690 | 1,860 | 1,860 | 5,244 | 8,633 | 3,746 | 1,007 | 13,960 | 558 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,005 | 958 | 558 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | |
133 |
18,840 | 19,453 | 22,801 | 3,960 | 4,221 | 13,830 | - | - | 3,384 | 6,773 | 1,886 | 2 | 13,002 | - | |
14 |
-13,433 | - | - | - | - | - | -16,811 | - | - | - | - | - | - | 10,598 | |
17/49 |
43,094 | 60,834 | 22,000 | 23,290 | 42,950 | 26,157 | 41,702 | 32,135 | 14,102 | 12,101 | 3,580 | 7,328 | 26,285 | 11,828 | |
17 |
17,691 | 23,909 | 352 | 4,525 | 8,606 | 12,597 | 16,500 | 6,840 | - | - | - | - | - | - | |
170/4 |
17,691 | 23,909 | 352 | 4,525 | 8,606 | 12,597 | 16,500 | 6,840 | - | - | - | - | - | - | |
42/48 |
24,537 | 36,780 | 21,474 | 18,539 | 32,575 | 12,903 | 25,202 | 25,136 | 7,731 | 12,002 | 3,485 | 7,218 | 26,285 | 9,828 | |
42 |
6,218 | 6,245 | 4,173 | 4,081 | 3,991 | 3,903 | 1,918 | 2,286 | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | 622 | - | - | 687 | 7,569 | 5,000 | |
430/8 |
- | - | - | - | - | - | - | - | 622 | - | - | 687 | 7,569 | 5,000 | |
44 |
6,991 | 7,062 | 3,360 | 1,460 | 4,332 | 1,190 | 9,192 | 9,496 | 3,458 | 8,000 | - | - | 18,716 | 131 | |
440/4 |
6,991 | 7,062 | 3,360 | 1,460 | 4,332 | 1,190 | 9,192 | 9,496 | 3,458 | 8,000 | - | - | 18,716 | 131 | |
45 |
8,214 | 16,244 | 10,911 | 5,766 | 7,470 | 584 | 7,193 | 850 | 2,651 | 3,693 | 1,331 | 81 | - | 750 | |
450/3 |
5,105 | 6,944 | 8,241 | 2,993 | 3,848 | 128 | 2,006 | 850 | 2,651 | 3,693 | 1,331 | 81 | - | 750 | |
454/9 |
3,108 | 9,301 | 2,670 | 2,774 | 3,622 | 456 | 5,188 | - | - | - | - | - | - | - | |
47/48 |
3,115 | 7,227 | 3,029 | 7,231 | 16,781 | 7,226 | 6,898 | 12,504 | 1,000 | 309 | 2,154 | 6,450 | - | 3,947 | |
492/3 |
866 | 145 | 174 | 226 | 1,769 | 657 | - | 159 | 6,370 | 99 | 95 | 110 | - | 2,000 | |
| Income statement | |||||||||||||||
9900 |
30,881 | 29,041 | 50,678 | 25,496 | 8,670 | 42,849 | -2,880 | 13,514 | -3,464 | 7,521 | 4,380 | 372 | 4,343 | 17,309 | |
62 |
29,260 | 22,171 | 21,338 | 18,259 | 10,983 | 5,611 | 6,631 | - | - | - | - | - | - | - | |
630 |
11,299 | 6,869 | 5,540 | 5,300 | 5,025 | 4,414 | 3,964 | 3,984 | 599 | - | 203 | 203 | 203 | - | |
640/8 |
1,130 | 944 | 849 | 806 | 1,177 | 974 | 2,186 | 348 | 398 | 560 | 410 | 610 | 348 | 398 | |
9901 |
-10,808 | -943 | 22,950 | 1,131 | -8,515 | 31,850 | -15,661 | 9,183 | -4,461 | 6,962 | 3,767 | -440 | 3,792 | 16,912 | |
75/76B |
- | 17 | - | 131 | - | 20 | 26 | - | 1,221 | 696 | 460 | 875 | 356 | - | |
75 |
- | 17 | - | 131 | - | 20 | 26 | - | 1,221 | 696 | 460 | 875 | 356 | - | |
65/66B |
3,238 | 2,422 | 2,226 | 1,523 | 1,093 | 1,230 | 1,177 | 366 | 149 | 119 | 157 | 307 | 319 | 5 | |
65 |
3,238 | 2,422 | 2,226 | 1,523 | 1,093 | 1,230 | 1,177 | 366 | 149 | 119 | 157 | 307 | 319 | 5 | |
9903 |
-14,046 | -3,348 | 20,724 | -261 | -9,609 | 30,641 | -16,811 | 8,817 | -3,389 | 7,539 | 4,070 | 128 | 3,830 | 16,907 | |
67/77 |
- | - | 1,884 | - | - | - | - | 750 | - | 2,651 | 1,331 | 81 | 1,026 | 5,750 | |
9904 |
-14,046 | -3,348 | 18,840 | -261 | -9,609 | 30,641 | -16,811 | 8,067 | -3,389 | 4,887 | 2,739 | 47 | 2,804 | 11,156 | |
9905 |
-14,046 | -3,348 | 18,840 | -261 | -9,609 | 30,641 | -16,811 | 8,067 | -3,389 | 4,887 | 2,739 | 47 | 2,804 | 11,156 | |
| Appropriation of the result | |||||||||||||||
9906 |
-14,046 | -3,348 | 18,840 | -261 | -9,609 | 13,830 | -16,811 | 8,067 | -3,389 | 4,887 | 2,739 | 47 | 13,402 | 11,156 | |
791/2 |
612 | 3,348 | - | 261 | 9,609 | - | - | 3,384 | 3,389 | - | - | 13,000 | - | - | |
691/2 |
- | - | 18,840 | - | - | 13,830 | - | - | - | 4,887 | 2,739 | 47 | 13,402 | 558 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 855 | 47 | 400 | 558 | |
6921 |
- | - | 18,840 | - | - | 13,830 | - | - | - | 4,887 | 1,884 | - | 13,002 | - | |
694/7 |
- | - | - | - | - | - | - | 11,452 | - | - | - | 13,000 | - | - | |
694 |
- | - | - | - | - | - | - | 11,452 | - | - | - | 13,000 | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
2 | 1.2 | 0.5 | 1 | 1 | 0.5 | 0.5 | - | - | - | - | - | - | - | |
Hours worked1013 |
1,427 | 972 | 941 | 940 | 487 | 296 | 345 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00211920 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00237199 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174996 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00253913 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20089795 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27800425 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-24100403 | |
| 31-12-2018 | micro format | 30-04-2019 | 2019-11800568 | |
| 31-12-2017 | micro format | 13-06-2018 | 2018-18300191 | |
| 31-12-2016 | micro format | 01-06-2017 | 2017-14400193 | |
| 31-12-2015 | abbreviated format | 29-06-2016 | 2016-24800072 | |
| 31-12-2014 | abbreviated format | 30-06-2015 | 2015-25200231 | |
| 31-12-2013 | abbreviated format | 25-07-2014 | 2014-35000298 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-55100381 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,720 | 33,696 | 0 | 1,635 | 2,982 | 5,661 | 35,885 | 15,249 | 1,797 | - | 0 | 683 | 609 | - | ||
| -22,284 | 11,671 | 19,813 | -17,647 | 10,222 | 15,298 | -4,303 | - | - | -737 | - | - | -61 | - | ||
| 37.5% | 39.6% | 66.3% | 51.2% | 36.5% | 56.7% | 8.0% | 20.1% | 44.8% | 55.1% | 73.5% | 49.6% | 43.4% | 59.5% | ||
| -54.3% | -8.4% | 43.6% | -1.1% | -38.9% | 89.4% | -460.7% | 100.1% | -29.6% | 32.9% | 27.5% | 0.7% | 13.9% | 64.3% | ||
| -20.4% | -3.3% | 28.9% | -0.5% | -14.2% | 50.7% | -37.1% | 20.1% | -13.3% | 18.1% | 20.2% | 0.3% | 6.0% | 38.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 1 | 1 | 1 |
| part-time | 1 | 2 | 1 | 1 | 1 |
| in full-time equivalents | 0.5 | 0.7 | 0.5 | 0.5 | 0.5 |
| 1 | 0.5 | 0.5 | 0.5 | 0.5 | |
| On a permanent contract | 1 | 1 | 1 | 1 | 1 |
| Joined | 29 | 1 | - | - | - |
| Left | 30 | 0 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,720 | €33,696 | - | €1,635 | €2,982 |
| €11,299 | €6,869 | €5,540 | €5,300 | €5,025 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €10,808, larger than the loss of €943 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total rises from 60.4% to 62.5%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
Vermap has no parent and no holdings in its annual accounts. Vermap shares no director with another company.
| Royall Events
registered office since 04-08-2017 |
founded in 2017 0679.577.050 |
| De Grenstuuterkes
registered office since 02-04-2011 |
founded in 2011 0836.792.472 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Nieuwe Stationsstraat 90 registered office 2381 Ravels | |||
| 't Koffiehoekske Steenweg op Zondereigen 2, 2300 Turnhout 47252 Retail sale of beverages, general range | 10-07-2012 | 2.211.855.762 | Retailer of food >3 months Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13040A0010/00B004 | 804 m² | 1 · 150 m² | 8.7 m · 2 |
| 13048D0756/00G012 | 390 m² | 1 · 123 m² | 10.5 m · 2 |
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