VERMAR

Active

Private limited companyfounded 201115 yrs activeRue de Merbes(WAU) 299, 7131 Binche, BelgiumKBO/BCE: BE 0839.601.019

Summary

VERMAR has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,209 and a net result of €6,182. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysis Watch Report Compare

VERMARActiveChecked score 64/100

Risk analysis Report Compare

Checked score

Score 2025

64 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability75▼-4

Solvency46▲+3

Growth46▼-4

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3,500 at 30 days acceptable

Liquidity short (current ratio 0.06 against 0.08 in 2024; short-term debt: 64% of total assets), and 78.8% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Office administrative, office support and other business support activities (NACE 82)

about 37% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

21.2%

Return on assets

2.3%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

30 d late

2024

12 d late

2023

55 d late

2022

28 d late

2021

29 d late

2020

26 d late

2019

31 d late

← 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 30 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

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

VERMAR was incorporated on 26 September 2011.¹ Revenue went from EUR 41,043 in 2018 to EUR 39,875 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover

€39,875▼ 22.7%

2024 · €51,592

EBIT margin

30.8%▲ 21.4pp

2024 · 9.4%

Net result

€6,182▲ 691%

2024 · €782

Working capital

-€159,075▲ 4.5%

2024 · -€166,566

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Turnover€46,735▼ 16.9%€40,189▼ 14.0%€41,248▲ 2.6%€51,592▲ 25.1%€39,875▼ 22.7%

Operating result€15,555▲ 0.9%€8,576▼ 44.9%€7,814▼ 8.9%€4,854▼ 37.9%€12,291▲ 153%

Net result€6,887▼ 32.9%€795▼ 88.5%-€3,330€782€6,182▲ 691%

EBIT margin33.3%▲ 5.9pp21.3%▼ 11.9pp18.9%▼ 2.4pp9.4%▼ 9.5pp30.8%▲ 21.4pp

Equity€51,781▲ 15.3%€52,576▲ 1.5%€49,245▼ 6.3%€50,027▲ 1.6%€56,209▲ 12.4%

Total assets€227,624▼ 7.2%€208,557▼ 8.4%€189,742▼ 9.0%€279,298▲ 47.2%€265,568▼ 4.9%

Debt€175,843▼ 12.3%€155,981▼ 11.3%€140,497▼ 9.9%€229,271▲ 63.2%€209,359▼ 8.7%

Working capital-€56,597▲ 31.2%-€60,246▼ 6.4%-€68,754▼ 14.1%-€166,566▼ 142%-€159,075▲ 4.5%

Solvency22.7%▲ 4.4pp25.2%▲ 2.5pp26.0%▲ 0.7pp17.9%▼ 8.0pp21.2%▲ 3.3pp

Current ratio0.21▲ 0.040.19▼ 0.020.16▼ 0.030.08▼ 0.080.06▼ 0.02

Return on assets (ROA)3.0%▼ 1.2pp0.4%▼ 2.6pp-1.8%▼ 2.1pp0.3%▲ 2.0pp2.3%▲ 2.0pp

above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 153% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €265,568

95.9%

Fixed assets €254,686 ▼ 3.8%

Current assets €10,882 ▼ 25.1%

Equity and liabilities €265,568

21.2%

78.8%

Equity €56,209 ▲ 12.4%

Debt €209,359 ▼ 8.7%

Debt's share of the balance-sheet total falls from 82.1% to 78.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€22,371▼

2024 · €24,523

Cash flow

€16,262▼

2024 · €20,451

Debt to equity

3.72▼

2024 · 4.58

ROE

11.0%▲

2024 · 1.6%

Interest coverage

4.82▼

2024 · 24.97

Debt ≤ 1 year

€169,957▼

2024 · €181,098

Debt > 1 year

€39,402▼

2024 · €48,173

Income taxes

€1,202▼

2024 · €2,594

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

Micro
10 to 20 years old
solvency 10 to 30%
a profit under 5% of the balance sheet

1.2% went bankrupt

1.6% stopped otherwise

97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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 4,504 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€279,298€265,568▼

Fixed assets21/28€264,766€254,686▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€264,466€254,386▼

Land and buildings22€257,085€249,180▼

Plant, machinery and equipment23€6,780€5,085▼

Furniture and vehicles24€601€121▼

Financial fixed assets28€300€300=

Current assets29/58€14,532€10,882▼

Amounts receivable within one year40/41€14,532€10,882▼

Trade receivables40€14,532€10,882▼

Equity and liabilities

Total equity and liabilities10/49€279,298€265,568▼

Equity10/15€50,027€56,209▲

Contributions10/11€6,200€6,200=

Capital10€6,200€6,200=

Issued capital100€18,600€18,600=

Uncalled capital101€12,400€12,400=

Reserves13€1,961€1,961=

Non-distributable reserves130/1€1,961€1,961=

Legal reserve130€1,961€1,961=

Profit (loss) carried forward14€41,866€48,048▲

Amounts payable17/49€229,271€209,359▼

Amounts payable after more than one year17€48,173€39,402▼

Financial debts170/4€48,173€39,402▼

Amounts payable within one year42/48€181,098€169,957▼

Current portion of amounts payable after more than one year42€38,226€32,574▼

Financial debts43€3,587€9,497▲

Credit institutions430/8€3,587€9,497▲

Trade debts44€15,085€12,502▼

Suppliers440/4€15,085€12,502▼

Taxes, remuneration and social security45€13€287▲

Taxes450/3€13€287▲

Other amounts payable47/48€124,187€115,097▼

Income statement Code20242025

Turnover70€51,592€39,875▼

Goods, raw materials, services and sundry goods60/61€19,530€25,627▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,669€10,080▼

Other operating charges640/8€7,539€3,256▼

Gross operating margin9900€32,062€25,627▼

Operating profit (loss)9901€4,854€12,291▲

Financial charges65/66B€1,478€4,907▲

Recurring financial charges65€982€4,641▲

Non-recurring financial charges66B€496€266▼

Profit (loss) for the period before taxes9903€3,376€7,384▲

Income taxes67/77€2,594€1,202▼

Profit (loss) for the period9904€782€6,182▲

Profit (loss) for the period to be appropriated9905€782€6,182▲

Appropriation of the result

Profit (loss) to be appropriated9906€41,866€48,048▲

Profit (loss) brought forward from the previous period14P€41,084€41,866▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Turnover70	€46,735	€40,189	€41,248	€51,592	€39,875	▼ 22.7%
Goods, raw materials, services and sundry goods60/61	-	-	€14,246	€19,530	€25,627	▲ 31.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€17,932	€17,932	€17,932	€19,669	€10,080	▼ 48.8%
Other operating charges640/8	€6,064	€3,464	€1,256	€7,539	€3,256	▼ 56.8%
Gross operating margin9900	€39,551	€29,972	€27,002	€32,062	€25,627	▼ 20.1%
Operating profit (loss)9901	€15,555	€8,576	€7,814	€4,854	€12,291	▲ 153%
Financial charges65/66B	€4,996	€4,301	€6,626	€1,478	€4,907	▲ 232%
Recurring financial charges65	€4,879	€4,288	€6,596	€982	€4,641	▲ 373%
Non-recurring financial charges66B	€117	€13	€30	€496	€266	▼ 46.4%
Profit (loss) for the period before taxes9903	€10,559	€4,275	€1,188	€3,376	€7,384	▲ 119%
Income taxes67/77	€3,672	€3,480	€4,518	€2,594	€1,202	▼ 53.7%
Profit (loss) for the period9904	€6,887	€795	-€3,330	€782	€6,182	▲ 691%
Profit (loss) for the period to be appropriated9905	€6,887	€795	-€3,330	€782	€6,182	▲ 691%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€227,624	€208,557	€189,742	€279,298	€265,568	▼ 4.9%
Fixed assets21/28	€212,643	€194,711	€176,779	€264,766	€254,686	▼ 3.8%
Intangible fixed assets21	-	-	-	€0	-	-
Tangible fixed assets22/27	€212,343	€194,411	€176,479	€264,466	€254,386	▼ 3.8%
Land and buildings22	€181,823	€173,918	€166,013	€257,085	€249,180	▼ 3.1%
Plant, machinery and equipment23	€273	€182	€91	€6,780	€5,085	▼ 25.0%
Furniture and vehicles24	€30,247	€20,311	€10,375	€601	€121	▼ 79.9%
Financial fixed assets28	€300	€300	€300	€300	€300	=
Current assets29/58	€14,981	€13,846	€12,963	€14,532	€10,882	▼ 25.1%
Amounts receivable within one year40/41	€5,999	€6,380	€11,236	€14,532	€10,882	▼ 25.1%
Trade receivables40	€5,874	€6,380	€11,236	€14,532	€10,882	▼ 25.1%
Other amounts receivable41	€125	-	-	-	-	-
Cash at bank and in hand54/58	€8,982	€7,466	€1,727	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€227,624	€208,557	€189,742	€279,298	€265,568	▼ 4.9%
Equity10/15	€51,781	€52,576	€49,245	€50,027	€56,209	▲ 12.4%
Contributions10/11	€6,200	€6,200	€6,200	€6,200	€6,200	=
Capital10	€6,200	€6,200	€6,200	€6,200	€6,200	=
Issued capital100	€18,600	€18,600	€18,600	€18,600	€18,600	=
Uncalled capital101	€12,400	€12,400	€12,400	€12,400	€12,400	=
Reserves13	€1,961	€1,961	€1,961	€1,961	€1,961	=
Non-distributable reserves130/1	€1,961	€1,961	€1,961	€1,961	€1,961	=
Legal reserve130	€1,961	€1,961	€1,961	€1,961	€1,961	=
Profit (loss) carried forward14	€43,620	€44,415	€41,084	€41,866	€48,048	▲ 14.8%
Amounts payable17/49	€175,843	€155,981	€140,497	€229,271	€209,359	▼ 8.7%
Amounts payable after more than one year17	€104,265	€81,889	€58,780	€48,173	€39,402	▼ 18.2%
Financial debts170/4	€104,265	€81,889	€58,780	€48,173	€39,402	▼ 18.2%
Amounts payable within one year42/48	€71,578	€74,092	€81,717	€181,098	€169,957	▼ 6.2%
Current portion of amounts payable after more than one year42	€21,661	€22,376	€26,198	€38,226	€32,574	▼ 14.8%
Financial debts43	-	-	-	€3,587	€9,497	▲ 165%
Credit institutions430/8	-	-	-	€3,587	€9,497	▲ 165%
Trade debts44	€11,053	€12,086	€12,937	€15,085	€12,502	▼ 17.1%
Suppliers440/4	€11,053	€12,086	€12,937	€15,085	€12,502	▼ 17.1%
Taxes, remuneration and social security45	-	€1,146	€1,080	€13	€287	▲ 2,108%
Taxes450/3	-	€1,146	€1,080	€13	€287	▲ 2,108%
Other amounts payable47/48	€38,864	€38,484	€41,502	€124,187	€115,097	▼ 7.3%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€6,887	€795	-€3,330	€782	€6,182	▲ 691%
+ Depreciation and write-downs630	€17,932	€17,932	€17,932	€19,669	€10,080	▼ 48.8%
Operating cash flow (approximation)	€24,819	€18,727	€14,602	€20,451	€16,262	▼ 20.5%
Investment in fixed assets (approximation)	-	€0	€0	-€107,656	€0	▲ 100%
Change in cash	-	-€1,516	-€5,739	-	-	-

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

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 30 days late

2025

12-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 12 days late

2024

31-12

Financial Back to profitnet €782

Net result €782 after one loss-making year.

24-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 55 days late

2023

31-12

Financial Weakest financial yearnet -€3,330

Net result drops to -€3,330, the lowest in the series; recovery starts the following year.

28-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 28 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

26-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 26 days late

2020

31-12

Financial Highest result since 2018net €10,261 ▲22.6%

Net result €10,261, the highest in the series.

31-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 31 days late

2019

18-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

15-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

27-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 58 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 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, Binche

exact location from the address register On OpenStreetMap

Ground area

455 m²

Building footprint

60 m²

Parcel 56084B0634/00B003, Wallonia. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
56084B0634/00B003	Wallonia	455 m²	1 · 60 m²	-

Linked by address, not proof of ownership

Good to know

1 of 1 parcel 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

Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,554 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded26-09-2011

Fiscal year end31-12

Activities, NACEBEL 2025

82100Office administrative and support services

E-invoicing

Reachable via Peppol

Peppol ID 0208:0839601019

Also 9925:BE0839601019

Registered 21-03-2026

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

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