VERMAUT
ActiveVERMAUT 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 €1.70M and a net result of €89k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 51% of 5487 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
103 d early
2022
113 d early
2021
4 d early
2020
5 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.70M▲ 118%
2023 · €783k
2019: €718k
2020: €741k
2021: €765k
2022: €782k
2023: €783k
2019 → 2025
Net result
€89k▲ 227%
2023 · €27k
2019: €19k
2020: €23k
2021: €24k
2022: €17k
2023: €27k
2019 → 2025
Total assets
€3.20M▲ 268%
2023 · €869k
2019: €927k
2020: €933k
2021: €910k
2022: €896k
2023: €869k
2019 → 2025
Solvency
53.3%▼ 36.9pp
2023 · 90.2%
2019: 77.4%
2020: 79.4%
2021: 84.1%
2022: 87.3%
2023: 90.2%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€741k-€765k▲ 3.2%€782k▲ 2.2%€783k▲ 0.2%€1.70M▲ 118%
Operating result€29k-€31k▲ 7.0%€22k▼ 28.5%€38k▲ 72.4%€174k▲ 360%
Net result€23k-€24k▲ 2.3%€17k▼ 29.5%€27k▲ 62.1%€89k▲ 227%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2025 is 360% above 2023 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €3.20M
Fixed assets
€1.54M▲ 79.4%
Current assets
€1.66M▲ 18,785%
Equity and liabilities €3.20M
Equity
€1.70M▲ 118%
Provisions
€61k=
Debt
€1.43M▲ 5,932%
The debt ratio rises from 2.7% to 44.8%: debt grows faster than equity.
Key figures and ratios
Solvency
53.3%▼
2023 · 90.2%
ROE
5.2%▲
2023 · 3.5%
ROA
2.8%▼
2023 · 3.1%
Debt
€1.43M▲
2023 · €24k
Debt ≤ 1 year
€110k▲
2023 · €23k
Debt > 1 year
€1.32M
Income taxes
€31k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€869k€3.20M▲
Fixed assets21/28€860k€1.54M▲
Tangible fixed assets22/27€0€42k▲
Land and buildings22€0€42k▲
Financial fixed assets28€860k€1.50M▲
Current assets29/58€9k€1.66M▲
Amounts receivable within one year40/41€5k€1.64M▲
Trade receivables40-€14k
Other amounts receivable41€5k€1.62M▲
Cash at bank and in hand54/58€3k€22k▲
Deferred charges and accrued income490/1€671€0▼
Equity and liabilities
Total equity and liabilities10/49€869k€3.20M▲
Equity10/15€783k€1.70M▲
Contributions10/11€86k€86k=
Capital10€86k€86k=
Issued capital100€86k€86k=
Reserves13€697k€1.62M▲
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€688k€1.61M▲
Provisions and deferred taxes16€61k€61k=
Provisions for liabilities and charges160/5€61k€61k=
Pensions and similar obligations160€61k€61k=
Amounts payable17/49€24k€1.43M▲
Amounts payable after more than one year17-€1.32M
Financial debts170/4-€1.32M
Amounts payable within one year42/48€23k€110k▲
Current portion of amounts payable after more than one year42-€78k
Financial debts43-€11k
Credit institutions430/8-€11k
Trade debts44€476€3k▲
Suppliers440/4€476€3k▲
Taxes, remuneration and social security45€16k€13k▼
Taxes450/3€16k€13k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€6k€6k▲
Accrued charges and deferred income492/3€868€0▼
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8€2k€252▼
Gross operating margin9900€39k€177k▲
Operating profit (loss)9901€38k€174k▲
Financial income75/76B€0€8k▲
Recurring financial income75€0€8k▲
Non-recurring financial income76B-€0
Financial charges65/66B€349€61k▲
Recurring financial charges65€349€61k▲
Profit (loss) for the period before taxes9903€37k€120k▲
Income taxes67/77€10k€31k▲
Profit (loss) for the period9904€27k€89k▲
Profit (loss) for the period to be appropriated9905€27k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€89k▲
Transfer to equity691/2€27k€89k▲
To other reserves6921€27k€89k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €89k ▲227%
Operating result €174k, net result €89k, both a record.
30-06
Financial
Liquidity times 39current ratio 15.11
Current ratio from 0.38 to 15.11.
30-06
Financial
Equity above €1MEq €1.70M ▲118%
6 profitable years in a row build equity to €1.70M.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €17k ▼29.5%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-01
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.
Directors · office · real estate
Directors
2 directors, no change since 2023
Médard Eeckhout
CurrentDirector · since 12-06-2023
12-06-2023
Médard Eeckhout: Appointed as Director
12-06-2023
Philippe Vermaut: Resigned as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kalkhoevestraat 618790 WaregemGround area
5,046 m²
Building footprint
1,380 m²
Volume, LiDAR
8,516 m³
Parcel 34452B0839/00B006, Flanders · tallest building 8.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VERMAUT NV
since 19882.038.727.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0839/00B006 | Flanders | 5,046 m² | 1 · 1,380 m² | 8.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
PRO61-Consult
BE 0543.403.896
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MANOR HOUSE
BE 0431.156.387
Zedelgem · Eq €1.70M
DOMUS HOLDING
BE 0835.860.183
Tournai · Eq €1.70M
Triginta Development
BE 0692.543.970
Gent · Eq €1.70M
LAVASCO
BE 0885.628.311
Kortrijk · Eq €1.71M
Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 11,348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-06-1988
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
46496Wholesale trade
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.