VERMEULEN
ActiveSummary
VERMEULEN has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €185,970. Equity has been growing by about 9.8% per year since 2018. Its solvency ranks better than 66% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 16-01-1991 Normal situation
- Activity
- General electrical installation work NACE 43211and 1 other
- Joint committee
- 149.01 Paritair Subcomité voor de elektriciens: installatie en distributie · annual accounts 2025
- Establishment units
- 2.051.342.736 9230 Wetteren, since 04-02-1991
- 2.202.097.562 9230 Wetteren, since 14-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- VERMEULEN GROUPDirector · since 06-12-2021 · permanent representative Wouter Vermeulen
- Vermeulen PeterDirector
- VERMEULEN GROUP100%· score 942025 annual accounts of VERMEULEN GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €6.2m
- Profit
- €185,970
- ▼ 77.4%
- Equity
- €1.5m
- ▲ 14.7%
- Total assets
- €2.5m
- ▼ 6.2%
- Employees on 31-12-2025
- 23
- ▲ 43.8%
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskFounded in 1991Liquidity: current ratio 2.22, cash €452,424, halvedEquity €1.5m (57.5% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 76% of them on solvency, 63% on liquidity, 34% on profitability and 69% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 41 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Result fell in 2025from €822,264 to €185,970 ▼ 77.4% View
- Positive: More equity than 91% of companies in specialised constructionsector median €251,299 · 9,900 companies €1.5m View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 8 profitable years in a rowprofit 2025: €185,970 8 years View
- Flemish supportawarded from 2022 to 2025 €105,125 View
Recent changes
- · Gazette deed Appointment: VERMEULEN GROUP (director)Permanent representative: Wouter Vermeulen
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as VERMEULEN: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €2.1m and €2.8m, founded between 1987 and 1999.
| Company | Total assets | Gross margin |
|---|---|---|
| VERMEULEN Wetteren | €2.5m | €1.9m |
| Elektro - Tech. V.V.V. Wingene | €2.5m | €1.9m |
| ESA Security Lasne | €2.1m | €2.2m |
| CLINCKX Lokeren | €2.3m | €1.8m |
| Portalp Belgium Oudenaarde | €2.8m | - |
| ELEKTROTECHNIEK VAN HECKE Evergem | €2.6m | €1.7m |
| AAtechnics Gent | €2.4m | €2.6m |
Key facts about VERMEULEN
- What is the company number of VERMEULEN?
- The company number of VERMEULEN is 0442.642.969. The VAT number is the same number with BE in front: BE 0442.642.969.
- Where is VERMEULEN based?
- The registered office is at Vijverstraat 9A, 9230 Wetteren.Company details
- What does VERMEULEN do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VERMEULEN?
- The legal form of VERMEULEN is Private limited company (BV).
- When was VERMEULEN founded?
- VERMEULEN was founded on 16-01-1991.
- Is VERMEULEN still active?
- Yes, VERMEULEN is an active enterprise in the KBO register.
- How many employees does VERMEULEN have?
- VERMEULEN had an average of 21.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VERMEULEN fall under?
- In its 2025 annual accounts, VERMEULEN states joint committee 149.01 (Paritair Subcomité voor de elektriciens: installatie en distributie).
- What is the turnover of VERMEULEN?
- The turnover of VERMEULEN was €6.2m in financial year 2025, according to the filed annual accounts.
- Is VERMEULEN profitable?
- In financial year 2025, VERMEULEN made a profit of €185,970.
- Where can I find the annual accounts of VERMEULEN?
- VERMEULEN filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VERMEULEN due?
- VERMEULEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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