Summary
VERMATHO is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €280,737 and a net result of €63,633. Equity has been stable since 2019 (±0.5% per year). Its solvency ranks better than 82% of 9,757 sector peers (NACE 64, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-02-2012 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.207.010.712 2222 Heist-op-den-Berg, since 09-02-2012
- Financial year end
- 30 September
- Peppol
- Reachable since 15-12-2025
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 30-09-2025
- Profit
- €63,633
- Equity
- €280,737
- ▲ 29.3%
- Total assets
- €333,613
- ▲ 12.3%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
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.
Credit check for an amount and term of your choice
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.
Signals
1 signal.
neutral
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 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
30 days early
2023
18 days early
2022
30 days early
2021
32 days early
2020
32 days early
2019
30 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 28 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.
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 31 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-04-2026 PDF all 13 filings
Equity
€280,737▲ 29.3%
2024 · €217,104
Net result
€63,633
2024 · -€11,273
Total assets
€333,613▲ 12.3%
2024 · €296,966
Solvency
84.2%▲ 11.0pp
2024 · 73.1%
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€22,338
2025
20192025
Net result
€63,633
2025
middle half of the sector
20192025
Equity
€280,737
▲ 29.3%
2025
middle half of the sector
20192025
Total assets
€333,613
▲ 12.3%
2025
middle half of the sector
20192025
Debt
€52,876
▼ 33.8%
2025
20192025
Working capital
€135,046
▲ 55.8%
2025
middle half of the sector
20192025
Solvency
84.2%
▲ 11.0pp
2025
highest quarter of the sector
20192025
Current ratio
5.39
▲ 2.52
2025
highest quarter of the sector
20192025
Return on assets (ROA)
19.1%
▲ 22.9pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€67,275--€7,669-€14,274▼ 86.1%€31,024€11,245▼ 63.8%-€16,632€22,338
Net result€38,477--€9,713below the sector's middle half-€17,893below the sector's middle half▼ 84.2%€30,474within the sector's middle half€2,699below the sector's middle half▼ 91.1%-€11,273below the sector's middle half€63,633within the sector's middle half
Equity€289,846-€280,133within the sector's middle half▼ 3.4%€262,240within the sector's middle half▼ 6.4%€292,714within the sector's middle half▲ 11.6%€295,412within the sector's middle half▲ 0.9%€217,104within the sector's middle half▼ 26.5%€280,737within the sector's middle half▲ 29.3%
Total assets€318,975-€465,229within the sector's middle half▲ 45.9%€450,011within the sector's middle half▼ 3.3%€455,628within the sector's middle half▲ 1.2%€419,256within the sector's middle half▼ 8.0%€296,966within the sector's middle half▼ 29.2%€333,613within the sector's middle half▲ 12.3%
Debt€29,129-€185,095▲ 535%€187,772▲ 1.4%€162,914▼ 13.2%€123,843▼ 24.0%€79,862▼ 35.5%€52,876▼ 33.8%
Working capital€90,143-€165,189above the sector's middle half▲ 83.3%€49,781within the sector's middle half▼ 69.9%€45,795within the sector's middle half▼ 8.0%€9,866within the sector's middle half▼ 78.5%€86,700within the sector's middle half▲ 779%€135,046within the sector's middle half▲ 55.8%
Solvency90.9%-60.2%within the sector's middle half▼ 30.7pp58.3%within the sector's middle half▼ 1.9pp64.2%within the sector's middle half▲ 6.0pp70.5%within the sector's middle half▲ 6.2pp73.1%within the sector's middle half▲ 2.6pp84.2%above the sector's middle half▲ 11.0pp
Current ratio4.10-2.91within the sector's middle half▼ 1.192.11within the sector's middle half▼ 0.801.82within the sector's middle half▼ 0.291.18within the sector's middle half▼ 0.642.87within the sector's middle half▲ 1.695.39above the sector's middle half▲ 2.52
Return on assets (ROA)12.1%--2.1%below the sector's middle half▼ 14.2pp-4.0%below the sector's middle half▼ 1.9pp6.7%within the sector's middle half▲ 10.7pp0.6%below the sector's middle half▼ 6.0pp-3.8%below the sector's middle half▼ 4.4pp19.1%within the sector's middle half▲ 22.9pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €22,338, after a loss of €16,632 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,613
Fixed assets
€167,780 ▲ 2.4%
Current assets
€165,834 ▲ 24.6%
Equity and liabilities €333,613
Equity
€280,737 ▲ 29.3%
Debt
€52,876 ▼ 33.8%
Debt's share of the balance-sheet total falls from 26.9% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
22.7%▲
2024 · -5.2%
Debt ≤ 1 year
€30,788▼
2024 · €46,346
Debt > 1 year
€21,583▼
2024 · €33,355
Income taxes
€10,502▲
2024 · €475
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €10,881 | €9,609 | €10,829 | €17,021 |
| Financial fixed assets | - | €4,000 | - | - |
| Depreciation and write-downs of the year | €12,293 | €12,205 | €11,797 | €12,073 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,495 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,993 | €3,545 | €18,097 | €12,293 | €12,205 | €11,797 | €12,073 | ▲ 2.3% |
| Other operating charges640/8 | - | - | - | €2,053 | €2,784 | €3,087 | €3,740 | ▲ 21.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €192 | - | - |
| Gross operating margin9900 | €72,339 | -€1,104 | €9,433 | €45,371 | €26,235 | -€1,556 | €38,151 | - |
| Operating profit (loss)9901 | €67,275 | -€7,669 | -€14,274 | €31,024 | €11,245 | -€16,632 | €22,338 | - |
| Financial income75/76B | - | - | - | €11,692 | €2,449 | €13,779 | €58,452 | ▲ 324% |
| Recurring financial income75 | €681 | €1,011 | €1,672 | €11,692 | €2,449 | €13,779 | €58,452 | ▲ 324% |
| Financial charges65/66B | - | - | - | €4,622 | €4,942 | €7,946 | €6,656 | ▼ 16.2% |
| Recurring financial charges65 | €1,453 | €1,643 | €4,655 | €4,622 | €4,942 | €7,946 | €6,656 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €66,503 | -€8,301 | -€17,256 | €38,094 | €8,752 | -€10,798 | €74,135 | - |
| Income taxes67/77 | €28,026 | €1,412 | €637 | €7,620 | €6,053 | €475 | €10,502 | ▲ 22× |
| Profit (loss) for the period9904 | €38,477 | -€9,713 | -€17,893 | €30,474 | €2,699 | -€11,273 | €63,633 | - |
| Profit (loss) for the period to be appropriated9905 | €38,477 | -€9,713 | -€17,893 | €30,474 | €2,699 | -€11,273 | €63,633 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €318,975 | €465,229 | €450,011 | €455,628 | €419,256 | €296,966 | €333,613 | ▲ 12.3% |
| Fixed assets21/28 | €199,757 | €213,500 | €355,440 | €354,027 | €355,431 | €163,921 | €167,780 | ▲ 2.4% |
| Tangible fixed assets22/27 | €7,757 | €21,500 | €165,090 | €163,677 | €161,081 | €159,921 | €163,780 | ▲ 2.4% |
| Land and buildings22 | - | - | - | €146,323 | €145,514 | €139,534 | €133,554 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €4,958 | €3,281 | €2,018 | €1,083 | ▼ 46.3% |
| Furniture and vehicles24 | - | - | - | €10,596 | €10,486 | €16,569 | €27,343 | ▲ 65.0% |
| Other tangible fixed assets26 | - | - | - | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Financial fixed assets28 | €192,000 | €192,000 | €190,350 | €190,350 | €194,350 | €4,000 | €4,000 | = |
| Current assets29/58 | €119,218 | €251,728 | €94,572 | €101,601 | €63,825 | €133,045 | €165,834 | ▲ 24.6% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €75,000 | - |
| Other amounts receivable291 | - | - | - | - | - | - | €75,000 | - |
| Amounts receivable within one year40/41 | €39,706 | €76,681 | €49,967 | €77,182 | €42,190 | €17,728 | €27,254 | ▲ 53.7% |
| Trade receivables40 | - | - | - | €43,846 | €0 | €0 | €0 | - |
| Other amounts receivable41 | - | - | - | €33,335 | €42,190 | €17,728 | €27,254 | ▲ 53.7% |
| Current investments50/53 | - | - | - | - | - | €111,150 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €75,918 | €167,903 | €39,381 | €20,057 | €17,551 | €12 | €59,983 | ▲ 5,149× |
| Deferred charges and accrued income490/1 | - | - | - | €4,362 | €4,084 | €4,156 | €3,597 | ▼ 13.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €318,975 | €465,229 | €450,011 | €455,628 | €419,256 | €296,966 | €333,613 | ▲ 12.3% |
| Equity10/15 | €289,846 | €280,133 | €262,240 | €292,714 | €295,412 | €217,104 | €280,737 | ▲ 29.3% |
| Contributions10/11 | €20,350 | €0 | - | €20,350 | €20,350 | €20,350 | €20,350 | = |
| Contributions outside capital11 | - | - | - | €20,350 | €20,350 | €20,350 | - | - |
| Other1109/19 | - | - | - | €20,350 | €20,350 | €20,350 | - | - |
| Reserves13 | €269,496 | €267,461 | €269,496 | €272,364 | €275,062 | €208,028 | €260,387 | ▲ 25.2% |
| Non-distributable reserves130/1 | - | - | - | €2,035 | €2,035 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,035 | €2,035 | €0 | - | - |
| Distributable reserves133 | - | - | - | €270,329 | €273,027 | €208,028 | €260,387 | ▲ 25.2% |
| Profit (loss) carried forward14 | - | -€9,713 | -€27,606 | €0 | - | -€11,273 | €0 | - |
| Amounts payable17/49 | €29,129 | €185,095 | €187,772 | €162,914 | €123,843 | €79,862 | €52,876 | ▼ 33.8% |
| Amounts payable after more than one year17 | - | €97,592 | €141,867 | €105,696 | €69,526 | €33,355 | €21,583 | ▼ 35.3% |
| Financial debts170/4 | - | - | - | €105,696 | €69,526 | €33,355 | €21,583 | ▼ 35.3% |
| Amounts payable within one year42/48 | €29,074 | €86,539 | €44,791 | €55,805 | €53,958 | €46,346 | €30,788 | ▼ 33.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €36,170 | €36,170 | €36,170 | €11,772 | ▼ 67.5% |
| Financial debts43 | - | - | - | €182 | €0 | €238 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €182 | €0 | €238 | €0 | ▼ 100% |
| Trade debts44 | €2,131 | €24,595 | €2,396 | €1,894 | €1,834 | €3,687 | €2,661 | ▼ 27.8% |
| Suppliers440/4 | - | - | - | €1,894 | €1,834 | €3,687 | €2,661 | ▼ 27.8% |
| Taxes, remuneration and social security45 | - | - | - | €17,558 | €15,954 | €6,250 | €16,354 | ▲ 162% |
| Taxes450/3 | - | - | - | €14,558 | €12,604 | €6,250 | €16,004 | ▲ 156% |
| Remuneration and social security454/9 | - | - | - | €3,000 | €3,350 | €0 | €350 | - |
| Other amounts payable47/48 | - | - | - | - | - | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,413 | €360 | €161 | €506 | ▲ 215% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,477 | -€9,713 | -€17,893 | €30,474 | €2,699 | -€11,273 | €63,633 | - |
| + Depreciation and write-downs630 | €2,993 | €3,545 | €18,097 | €12,293 | €12,205 | €11,797 | €12,073 | ▲ 2.3% |
| Operating cash flow (approximation) | €41,470 | -€6,168 | €204 | €42,767 | €14,904 | €524 | €75,705 | ▲ 145× |
| Investment in fixed assets (approximation) | - | -€17,288 | -€160,037 | -€10,881 | -€13,609 | €179,713 | -€15,932 | - |
| Change in cash | - | €91,984 | -€128,522 | -€19,324 | -€2,506 | -€17,539 | €59,971 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 09-04-2026 | 2026-00075910 | |
| 30-09-2024 | micro format | 31-03-2025 | 2025-00058847 | |
| 30-09-2023 | micro format | 12-04-2024 | 2024-00063130 | |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00050638 | |
| 30-09-2021 | micro format | 29-03-2022 | 2022-09400411 | |
| 30-09-2020 | micro format | 29-03-2021 | 2021-09500587 | |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08400415 | |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08800508 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-09200159 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08700135 |
Board & ownership
Directors
Directors
1 director, last change in 2024
Roald Verbist
Current
Director (not named in the articles) · in office according to the act of 25-03-2024 · earlier director, until 25-03-2024 · listed in the 2025 annual accounts, filed on 09-04-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 11. Iedere bestuurder heeft de meest uitgebreide bevoegdheid om alleen alle handelingen te stellen die nodig of dienstig zijn voor…”
deed of 25-03-2024Owners and capital
Capital transactions
Capital over time
- 25-03-2024 Converted to unavailable equity · €22,385
Mandate history
1 person, 1 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Roald Verbist |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Articles of association, deed of 25-03-2024 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 30-09-2023Equity €430,859 Profit of €574,614 in 2023 (loss of €71,059 in 2022)50%
Board mandates elsewhere
1 board mandateBoard mandates of VERMATHOVERMATHO sits on their board1
1 location
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
09-04
micro format · 21 days before the deadline
2025
30-09
Financial
Back to profitnet €63,633
The net result is €63,633, after one loss-making year.
31-03
micro format · 30 days before the deadline
2024
30-09
Financial
Liquidity more than doubledcurrent ratio 2.87
The current ratio rises from 1.18 to 2.87. Short-term debt falls from €53,958 to €46,346.
12-04
micro format · 18 days before the deadline
25-03
Gazette deed
Resignation: Roald Verbist (director)Reappointment: Roald Verbist (director) · Director discharge: Roald Verbist6 points ▸
Gazette deed
Resignation: Roald Verbist (director)
Reappointment: Roald Verbist (director) · Director discharge: Roald Verbist6 points ▸
- General meeting, 20-03-2024
- 300 shares
- Director resignation, Roald Verbist (director)
- Director discharge, Roald Verbist
- Director reappointment, Roald Verbist (director (not named in the articles))
- Registered office clause, Lage Dreef 24
- The act holds 6 more points.
2023
31-03
micro format · 30 days before the deadline
2022
30-09
Financial
Back to profitnet €30,474
The net result is €30,474, after 2 loss-making years.
29-03
micro format · 32 days before the deadline
2021
30-09
Financial
Weakest financial yearnet -€17,893
The net result drops to -€17,893, the lowest from 2019 to 2025. It recovers the following year.
29-03
micro format · 32 days before the deadline
2020
31-03
micro format · 30 days before the deadline
Show earlier events
2019
29-03
micro format · 32 days before the deadline
2018
30-03
micro format · 31 days before the deadline
2017
31-03
abbreviated format · 30 days before the deadline
2012
22-02
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VERMATHO in Dutch
Enterprise number
0843.534.764
LEI code
875500RGL59VHX7ZP893
no longer live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-02-2012
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-03-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 25-03-2024 (in Dutch)Registered office and establishments
Registered office
Lage Dreef(WIE) 24, 2222 Heist-op-den-Berg, Belgium
Establishment unit
VERMATHO, Lage Dreef(WIE) 24, 2222 Heist-op-den-Berg since 09-02-2012 · unit number 2.207.010.712 7010001 Activities of head offices
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 25-03-2024 (in Dutch)
“Verzekeringsbemiddeling en bemiddeling in bank- en beleggingsdiensten; Het actief participeren bij de uitvoering van de hierboven vermelde…”
7 activities
- Verzekeringsbemiddeling en bemiddeling in bank- en beleggingsdiensten.
- Het actief participeren bij de uitvoering van de hierboven vermelde activiteit binnen andere bedrijven.
- Het waarnemen van beheersopdrachten, het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar voorwerp verband houden.
- Het management van ondernemingen waarnemen. Deze diensten worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- De vennootschap mag zich bovendien onledig houden met het aanhouden, beheren en valoriseren van participaties in en het financieren van Belgische of buitenlandse vennootschappen, alsmede het aanhouden, beheren en valoriseren van een roerend en onroerend patrimonium.
- Zij kan, binnen de perken van haar voorwerp, zowel in België als in het buitenland, alle roerende, onroerende, financiële, industriële, commerciële of burgerlijke verrichtingen doen.
- Zij mag tevens om het even welke gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden.
Invoicing and payment
VAT number
BE 0843.534.764
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of March at 20:00
deed of 25-03-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,358 m²
Building footprint
276 m²
Building volume
1,615 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12039B0326/00B002 | Flanders | 1,358 m² | 1 · 276 m² | 8.4 m · 2 |