VERMEULEN

Active

Private limited companyfounded 1998active for 28 yearsBargiestraat 1, 8900 Ieper, BelgiumKBO/BCE: BE 0463.957.730

Summary

VERMEULEN has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €196,690. Equity remains stable across the filed financial years (±2% per year). Its solvency ranks better than 73% of 9,865 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

VERMEULENActiveChecked score 88/100

Risk analysis Report Compare

Activity

General electrical installation work

NACE 43211

1 site

Size

≈ €1.9mturnover 2025, estimated

Staff: 7.1 FTE
Equity: €1.6m
Profit: €196,690

Turnover estimated from the gross margin

Financial health

88 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

2025 accounts filed 19 days late1 of 2 deeds summarised

Why 88raises riskSector: Specialised construction activities (NACE 43)lowers riskFounded in 1998Profit of €196,690 (financial year 2025)Equity €1.6m (63.6% of total assets)Show the evidence

Checked score

Score 2025

88 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 56% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 89-2

equity 63.6% of total assets

Liquidity 48-5

short-term debt 34.4% · cash 10.6%

Profitability 79=

return on assets 7.8%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)

Last 24 months 11-2024: 0.1% 12-2024: 0.2%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.2%▲ +0.1 percentage points vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.4%▲ +0.2 percentage points vs 01-2026highest value 03-2026: 0.2%▼ -0.2 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.38, compared with 4.82 in 2024, above the usual 1.5; short-term debt: 34.4% and cash: 10.6% of total assets), and 36.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, micro): better than 69% on solvency, 39% on liquidity, 56% on profitability and 61% on growth.

The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Founded in 1998

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Profit of €196,690 (financial year 2025)

NBB · annual accounts

Equity €1.6m (63.6% of total assets)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €1.6m

A punctual record breaks

This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-02-2026, 19 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

19 days late

2024

on the day

2023

7 days early

2022

28 days early

2021

on the day

2020

1 day late

2019

29 days early

← 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 6 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end31-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-02-2026 Annual accounts filedfinancial year 2025 · abbreviated…
16-10-2025 Purpose · Resignations & appointmentsPurpose change · Power of…
30-06-2025 Highest result from 2019 to 2025net €196,690 ▲15.1%

Key points

Positive: Among the best 7% on equitysector median €252,306 · 9,867 companies €1.6m View
Positive: 7 profitable years in a rowprofit 2025: €196,690 7 years View
Active since 1998founded 25-08-1998 28 years View

By topic

Financials

Financial year: 2025
Total assets: €2.5m
Profit: €196,690
Solvency: 63.6%

Total assets▲ 17.4%

Net result

20192025

Go to Financials

Timeline

Events: 30
Since: 2000
Next accounts: by 31-01-2027

31-01-2025Annual accounts filed
24-01-2024Annual accounts filed
30-06-2023Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General electrical installation workNACE 43211
Founded: 25-08-1998
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Key facts about VERMEULEN

What is the company number of VERMEULEN?: 0463.957.730. In Belgium the VAT number is the company number with BE in front: BE 0463.957.730.
Where is VERMEULEN based?: The registered office is at Bargiestraat 1, 8900 Ieper.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?: Private limited company (BV).
When was VERMEULEN founded?: On 25-08-1998.
Is VERMEULEN still active?: Yes, VERMEULEN is an active enterprise in the KBO register.
How many employees does VERMEULEN have?: On average 7.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of VERMEULEN?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is VERMEULEN profitable?: In financial year 2025, VERMEULEN made a profit of €196,690.
Where can I find the annual accounts of VERMEULEN?: VERMEULEN filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VERMEULEN due?: By 31-01-2027, for financial year 2026.Timeline