VERMEULEN
ActiveVERMEULEN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.45M and a net result of €186k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-35
Solvency83▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 1.81 in 2024; short-term debt: 42.5% and cash: 17.9% of total assets), and 42.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.5%
Return on assets
7.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
40 d early
2023
21 d early
2022
80 d early
2021
82 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€6.18M
EBIT margin
4.3%
Net result
€186k▼ 77.4%
2024 · €822k
2018: €208k
2019: €46k
2021: €13k
2022: €34k
2023: €129k
2024: €822k
2018 → 2025
Working capital
€1.31M▲ 13.2%
2024 · €1.15M
2018: €457k
2019: €526k
2021: €616k
2022: €651k
2023: €665k
2024: €1.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.18M
Equity€656k-€690k▲ 5.1%€744k▲ 7.8%€1.27M▲ 70.2%€1.45M▲ 14.7%
Operating result€17k-€48k▲ 174%€163k▲ 242%€1.01M▲ 517%€269k▼ 73.3%
Net result€13k-€34k▲ 163%€129k▲ 283%€822k▲ 538%€186k▼ 77.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.52M
Fixed assets
€145k▲ 28.2%
Current assets
€2.38M▼ 7.7%
Equity and liabilities €2.52M
Equity
€1.45M▲ 14.7%
Debt
€1.07M▼ 24.7%
The debt ratio falls from 53.0% to 42.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€315k▼
2024 · €1.04M
Cash flow
€232k▼
2024 · €852k
Solvency
57.5%▲
2024 · 47.0%
Current ratio
2.22▲
2024 · 1.81
Quick ratio
1.82▲
2024 · 1.57
Debt / equity
0.74▼
2024 · 1.13
ROE
12.8%▼
2024 · 64.9%
ROA
7.4%▼
2024 · 30.6%
Interest coverage
15.95▼
2024 · 71.41
Debt
€1.07M▼
2024 · €1.42M
Debt ≤ 1 year
€1.07M▼
2024 · €1.42M
Income taxes
€64k▼
2024 · €169k
Staff costs
€1.48M▲
2024 · €1.06M
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.69M€2.52M▼
Fixed assets21/28€113k€145k▲
Intangible fixed assets21€5k€7k▲
Tangible fixed assets22/27€108k€138k▲
Plant, machinery and equipment23€44k€69k▲
Furniture and vehicles24€50k€58k▲
Other tangible fixed assets26€15k€11k▼
Financial fixed assets28€180€180=
Current assets29/58€2.58M€2.38M▼
Stocks and contracts in progress3€337k€432k▲
Stocks30/36€236k€329k▲
Contracts in progress37€101k€103k▲
Amounts receivable within one year40/41€955k€1.47M▲
Trade receivables40€716k€1.29M▲
Other amounts receivable41€239k€180k▼
Cash at bank and in hand54/58€1.26M€452k▼
Deferred charges and accrued income490/1€26k€27k▲
Equity and liabilities
Total equity and liabilities10/49€2.69M€2.52M▼
Equity10/15€1.27M€1.45M▲
Contributions10/11€210k€210k=
Reserves13€1.06M€1.24M▲
Non-distributable reserves130/1€21k€21k=
Reserves not available under the articles1311€21k€21k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€1.03M€1.21M▲
Profit (loss) carried forward14€334€1k▲
Amounts payable17/49€1.42M€1.07M▼
Amounts payable within one year42/48€1.42M€1.07M▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€987k€672k▼
Suppliers440/4€987k€672k▼
Taxes, remuneration and social security45€136k€162k▲
Taxes450/3€18k€139▼
Remuneration and social security454/9€118k€162k▲
Other amounts payable47/48€300k€238k▼
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20242025
Turnover70-€6.18M
Goods, raw materials, services and sundry goods60/61-€4.44M
Remuneration, social security and pensions62€1.06M€1.48M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€46k▲
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€957€59k▲
Gross operating margin9900€2.10M€1.86M▼
Operating profit (loss)9901€1.01M€269k▼
Financial income75/76B€327€935▲
Recurring financial income75€327€935▲
Financial charges65/66B€14k€20k▲
Recurring financial charges65€14k€20k▲
Profit (loss) for the period before taxes9903€992k€250k▼
Income taxes67/77€169k€64k▼
Profit (loss) for the period9904€822k€186k▼
Profit (loss) for the period to be appropriated9905€822k€186k▼
Appropriation of the result
Profit (loss) to be appropriated9906€822k€186k▼
Profit (loss) brought forward from the previous period14P€70€334▲
Transfer to equity691/2€522k€185k▼
To other reserves6921€522k€185k▼
Profit to be distributed694/7€300k€0▼
Directors or managers695€300k€0▼
Social balance
Average headcount (FTE)908716.221.3▲
The notes to these accounts (19 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €822k ▲538%
Operating result €1.01M, net result €822k, both a record.
31-12
Financial
Equity above €1MEq €1.27M ▲70.2%
6 profitable years in a row build equity to €1.27M.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €13k ▼71.9%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wetteren · 2 establishment units since 1991
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.
Vijverstraat 9A9230 WetterenGround area
2,145 m²
Building footprint
1,030 m²
Volume, LiDAR
5,404 m³
3 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VERMEULEN
since 19912.051.342.736
VERMEULEN
since 20112.202.097.562
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302C0235/00L000 | Flanders | 1,666 m² | 1 · 863 m² | 6.2 m · 2 fl. |
| 42302E0046/00W002 | Flanders | 407 m² | 1 · 95 m² | 9.6 m · 2 fl. |
| 42302E0046/00X002 | Flanders | 72 m² | 1 · 72 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 105,125 EUR awarded · 105,125 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 33,045 EUR | 33,045 EUR |
| 2024 | 2 | 26,706 EUR | 26,706 EUR |
| 2023 | 2 | 28,166 EUR | 28,166 EUR |
| 2022 | 2 | 17,208 EUR | 17,208 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
11 categoriesVERMEULEN BV33416
Similar companies · same sector, comparable size
VANHAEREN SERVICES & SCAFFOLDINGS
BE 0876.932.854
Herk-de-Stad · Eq €1.45M
ELECTRIC DESIGN SOLAR SYSTEMS
BE 0479.028.560
Lendelede · Eq €1.46M
COSIJNS KAREL ALGEMENE ELEKTRICITEIT
BE 0430.022.180
Pajottegem · Eq €1.45M
ELECTRO - BERTELS
BE 0419.944.474
Balen · Eq €1.46M
HEMERYCK-ELEKTRO
BE 0460.338.442
Kortemark · Eq €1.44M
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 3,655 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-1991
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.