VERMEULEN CONSTRUCT
ActiveVERMEULEN CONSTRUCT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.23M and a net result of €24k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 85% of 669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▲+10
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 2.79 in 2024), and 23.1% 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 25
Relative position
BE, all sectors
reference
Sector 25
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
76.9%
Return on assets
1.5%
Age of the figures
8 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
92 d late
2023
54 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
61 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24k
2024 · €-16k
2018: €93k
2019: €95k
2020: €121k
2021: €77k
2022: €61k
2023: €-106k
2024: €-16k
2018 → 2025
Working capital
€365k▼ 5.2%
2024 · €385k
2018: €328k
2019: €399k
2020: €453k
2021: €511k
2022: €578k
2023: €552k
2024: €385k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.39M-€1.45M▲ 4.4%€1.35M▼ 7.3%€1.30M▼ 3.2%€1.23M▼ 5.5%
Operating result€94k-€90k▼ 4.9%€-93k€-7k▲ 92.9%€59k
Net result€77k-€61k▼ 20.5%€-106k€-16k▲ 84.8%€24k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €59k after a loss of €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€1.03M▼ 6.5%
Current assets
€570k▼ 5.0%
Equity and liabilities €1.61M
Equity
€1.23M▼ 5.5%
Debt
€371k▼ 7.6%
The debt ratio falls from 23.6% to 23.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€131k▼
2024 · €206k
Cash flow
€96k▼
2024 · €197k
Solvency
76.9%▲
2024 · 76.4%
Current ratio
2.77▼
2024 · 2.79
Quick ratio
2.77▼
2024 · 2.79
Debt / equity
0.30▼
2024 · 0.31
ROE
1.9%▲
2024 · -1.2%
ROA
1.5%▲
2024 · -0.9%
Interest coverage
9.99▼
2024 · 20.30
Debt
€371k▼
2024 · €402k
Debt ≤ 1 year
€205k▼
2024 · €215k
Debt > 1 year
€166k▼
2024 · €187k
Income taxes
€22k▲
2024 · €186
Staff costs
€0▼
2024 · €5k
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€1.71M€1.61M▼
Fixed assets21/28€1.11M€1.03M▼
Tangible fixed assets22/27€1.11M€1.03M▼
Land and buildings22€1.11M€1.03M▼
Current assets29/58€600k€570k▼
Amounts receivable within one year40/41€50k€446k▲
Trade receivables40€28k€441k▲
Other amounts receivable41€22k€4k▼
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€70k€100k▲
Deferred charges and accrued income490/1€460k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.61M▼
Equity10/15€1.30M€1.23M▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€1.30M€1.21M▼
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€1.29M€1.19M▼
Profit (loss) carried forward14€-122k€-98k▲
Amounts payable17/49€402k€371k▼
Amounts payable after more than one year17€187k€166k▼
Financial debts170/4€187k€166k▼
Amounts payable within one year42/48€215k€205k▼
Current portion of amounts payable after more than one year42€28k€21k▼
Taxes, remuneration and social security45€4k€739▼
Taxes450/3€1k€739▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€184k€184k=
Income statement
Code20242025
Non-recurring operating income76A-€73k
Remuneration, social security and pensions62€5k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213k€72k▼
Other operating charges640/8-€53k
Gross operating margin9900€211k€184k▼
Operating profit (loss)9901€-7k€59k▲
Financial income75/76B€837€15▼
Recurring financial income75€837€15▼
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€-16k€46k▲
Income taxes67/77€186€22k▲
Profit (loss) for the period9904€-16k€24k▲
Profit (loss) for the period to be appropriated9905€-16k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-122k€-98k▲
Profit (loss) brought forward from the previous period14P€-106k€-122k▼
Transfer from equity791/2€28k€95k▲
Profit to be distributed694/7€28k€95k▲
Return on contributions (dividend)694€28k€95k▲
Social balance
Average headcount (FTE)90871.00.0▼
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 54 days late
2023
31-12
Financial
Weakest financial yearnet €-106k ▼273%
Net result drops to €-106k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €121k ▲27.5%
Net result €121k, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 57 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 44 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 38 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, Ieper · 1 establishment unit since 2000
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.
Bargiestraat 1A8900 IeperGround area
3.3 ha
Building footprint
9,494 m²
Volume, LiDAR
100,626 m³
Parcel 33003B0873/00E000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Bargiestraat 1 A, 8900 Ieper
since 20002.097.158.113
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0873/00E000 | Flanders | 3.3 ha | 1 · 9,494 m² | 15.2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,800 EUR awarded · 1,800 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,800 EUR | 1,800 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
AVD-BELGIUM
BE 0422.772.619
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LUMETAL
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Baelen · Eq €1.24M
PLATTEAU
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Poperinge · Eq €1.24M
FERASER
BE 0426.772.680
Ittre · Eq €1.23M
Dejonghe Techniek
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Staden · Eq €1.24M
Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 1,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-01-2000
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.