VERMEULEN PASCAL
ActiveVERMEULEN PASCAL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €106k and a net result of €152. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 38 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability57▲+22
Solvency50▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.14 in 2025; short-term debt: 41.9% and cash: 0.2% of total assets), but 74.6% 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 81
Relative position
BE, all sectors
reference
Sector 81
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 2026Solvency, return and age of the figures
Solvency
25.4%
Return on assets
0%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 38 sector peers (2026).
NBB · sector comparisonPosition among 38 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-07-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
100 d early
2025
31 d early
2024
28 d early
2023
4 d early
2022
40 d early
2021
3 d early
2020
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€106k▲ 0.1%
2025 · €106k
2019: €84k
2020: €70k
2021: €83k
2022: €113k
2023: €109k
2024: €111k
2025: €106k
2019 → 2026
Total assets
€417k▼ 15.6%
2025 · €494k
2019: €516k
2020: €552k
2021: €395k
2022: €461k
2023: €533k
2024: €640k
2025: €494k
2019 → 2026
Net result
€152
2025 · €-5k
2019: €809
2020: €-14k
2021: €13k
2022: €29k
2023: €5k
2024: €1k
2025: €-5k
2019 → 2026
Working capital
€93k▲ 120%
2025 · €42k
2019: €32k
2020: €64
2021: €21k
2022: €49k
2023: €10k
2024: €-2k
2025: €42k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€113k-€109k▼ 2.9%€111k▲ 1.1%€106k▼ 4.5%€106k▲ 0.1%
Operating result€35k-€15k▼ 57.3%€13k▼ 13.4%€20k▲ 58.8%€15k▼ 25.4%
Net result€29k-€5k▼ 81.2%€1k▼ 78.9%€-5k€152
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 2026; 2026 is 25% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €417k
Fixed assets
€150k▲ 6.5%
Current assets
€267k▼ 24.4%
Equity and liabilities €417k
Equity
€106k▲ 0.1%
Debt
€311k▼ 19.9%
The debt ratio falls from 78.6% to 74.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▼
2025 · €68k
Cash flow
€50k▲
2025 · €42k
Solvency
25.4%▲
2025 · 21.4%
Current ratio
1.53▲
2025 · 1.14
Quick ratio
1.36▲
2025 · 0.54
Debt / equity
2.94▼
2025 · 3.68
ROE
0.1%▲
2025 · -4.7%
ROA
0.0%▲
2025 · -1.0%
Interest coverage
4.58▲
2025 · 2.15
Debt
€311k▼
2025 · €389k
Debt ≤ 1 year
€175k▼
2025 · €311k
Debt > 1 year
€123k▲
2025 · €69k
Income taxes
€1k▼
2025 · €3k
Staff costs
€69k▼
2025 · €136k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€494k€417k▼
Fixed assets21/28€141k€150k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€135k€144k▲
Land and buildings22€12k€10k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€108k€124k▲
Financial fixed assets28€6k€6k=
Current assets29/58€354k€267k▼
Stocks and contracts in progress3€187k€30k▼
Stocks30/36€66k€30k▼
Contracts in progress37€121k€0▼
Amounts receivable within one year40/41€161k€233k▲
Trade receivables40€149k€231k▲
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€494k€417k▼
Equity10/15€106k€106k▲
Contributions10/11€14k€14k=
Reserves13€95k€95k=
Distributable reserves133€95k€95k=
Profit (loss) carried forward14€-4k€-4k▲
Amounts payable17/49€389k€311k▼
Amounts payable after more than one year17€69k€123k▲
Financial debts170/4€69k€123k▲
Amounts payable within one year42/48€311k€175k▼
Current portion of amounts payable after more than one year42€38k€47k▲
Financial debts43€0-
Credit institutions430/8€0-
Other loans439€0-
Trade debts44€57k€47k▼
Suppliers440/4€57k€47k▼
Taxes, remuneration and social security45€24k€42k▲
Taxes450/3€2k€16k▲
Remuneration and social security454/9€22k€26k▲
Other amounts payable47/48€192k€40k▼
Accrued charges and deferred income492/3€8k€14k▲
Income statement
Code20252026
Non-recurring operating income76A€110€0▼
Remuneration, social security and pensions62€136k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€50k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€7k▲
Other operating charges640/8€13k€56k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€214k€200k▼
Operating profit (loss)9901€20k€15k▼
Financial income75/76B€9k€184▼
Recurring financial income75€9k€184▼
Financial charges65/66B€32k€14k▼
Recurring financial charges65€32k€14k▼
Profit (loss) for the period before taxes9903€-2k€1k▲
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€-5k€152▲
Profit (loss) for the period to be appropriated9905€-5k€152▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-4k▲
Profit (loss) brought forward from the previous period14P€1k€-4k▼
Social balance
Average headcount (FTE)90874.01.8▼
The notes to these accounts (18 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 2027, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Back to profitnet €152
Net result €152 after one loss-making year.
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €29k ▲117%
Operating result €35k, net result €29k, both a record.
31-03
Financial
Equity above €100kEq €113k ▲34.9%
2 profitable years in a row build equity to €113k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Weakest financial yearnet €-14k ▼1775%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kluisbergen · 1 establishment unit since 2005
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.
Berchemstraat 1689690 KluisbergenGround area
1,328 m²
Building footprint
537 m²
Volume, LiDAR
2,749 m³
Parcel 45002A0428/00E000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vermeulen Pascal bvba
since 20052.145.573.088
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45002A0428/00E000 | Flanders | 1,328 m² | 1 · 537 m² | 7.9 m · 2 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.
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GAUTHIJO
BE 0761.759.905
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NEMETH
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MEULEN
BE 0476.114.503
Antwerpen · Eq €106k
THE CLEAN WAY
BE 0668.756.701
Aalst · Eq €106k
BVG WINDOW CLEANING
BE 0775.312.090
Tielt · Eq €106k
Of 7,010 companies in sector 81220 we hold annual accounts for 2,416. 2,002 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2005
Fiscal year end31-03
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
81220Other building cleaning and industrial cleaning
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@vermeulenpascal.be