VERMEULEN TECHNICS

Active

Private limited companyfounded 20224 yrs activeLobeekstraat 29, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0779.813.385

The computed 12-month bankruptcy probability of VERMEULEN TECHNICS is 2.7% (moderate). The 2024 annual accounts show equity of €57k and a net result of €17k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 29% of 36373 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

54 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▲+3

Solvency53▲+7

Growth52=

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.21 against 1.01 in 2023; short-term debt: 66.5% and cash: 10.7% of total assets), and 72.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

27.8%

Return on assets

8.4%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

42 d early

2023

36 d early

2022

49 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€57k▲ 43.2%

2023 · €40k

2022: €29k 2023: €40k

2022 → 2024

Total assets

€205k▲ 6.0%

2023 · €193k

2022: €216k 2023: €193k

2022 → 2024

Net result

€17k▲ 60.9%

2023 · €11k

2022: €24k 2023: €11k

2022 → 2024

Working capital

€29k▲ 1,391%

2023 · €2k

2022: €-10k 2023: €2k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€29k-€40k▲ 36.7%€57k▲ 43.2%

Operating result€30k-€12k▼ 59.1%€22k▲ 82.2%

Net result€24k-€11k▼ 55.7%€17k▲ 60.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 82% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €205k

19.4%

80.6%

Fixed assets €40k▲ 5.2%

Current assets €165k▲ 6.2%

Equity and liabilities €205k

27.8%

72.2%

Equity €57k▲ 43.2%

Debt €148k▼ 3.7%

The debt ratio falls from 79.4% to 72.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€42k▲

2023 · €27k

Cash flow

€37k▲

2023 · €26k

Solvency

27.8%▲

2023 · 20.6%

Current ratio

1.21▲

2023 · 1.01

Quick ratio

0.75▲

2023 · 0.69

Debt / equity

2.60▼

2023 · 3.86

ROE

30.2%▲

2023 · 26.9%

ROA

8.4%▲

2023 · 5.5%

Interest coverage

20.58▼

2023 · 47.31

Debt

€148k▼

2023 · €154k

Debt ≤ 1 year

€136k▼

2023 · €154k

Debt > 1 year

€11k

Income taxes

€6k▲

2023 · €4k

Staff costs

€114k▲

2023 · €91k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€193k€205k▲

Fixed assets21/28€38k€40k▲

Intangible fixed assets21€18k€12k▼

Tangible fixed assets22/27€19k€28k▲

Plant, machinery and equipment23€4k€3k▼

Furniture and vehicles24€15k€25k▲

Current assets29/58€155k€165k▲

Stocks and contracts in progress3€50k€63k▲

Stocks30/36€45k€43k▼

Contracts in progress37€5k€20k▲

Amounts receivable within one year40/41€71k€69k▼

Trade receivables40€55k€58k▲

Other amounts receivable41€16k€12k▼

Cash at bank and in hand54/58€26k€22k▼

Deferred charges and accrued income490/1€9k€10k▲

Equity and liabilities

Total equity and liabilities10/49€193k€205k▲

Equity10/15€40k€57k▲

Contributions10/11€5k€5k=

Outside capital11€5k€5k=

Other1109/19€5k€5k=

Reserves13€35k€52k▲

Distributable reserves133€35k€52k▲

Amounts payable17/49€154k€148k▼

Amounts payable after more than one year17-€11k

Financial debts170/4-€11k

Amounts payable within one year42/48€154k€136k▼

Current portion of amounts payable after more than one year42€1k€4k▲

Trade debts44€70k€58k▼

Suppliers440/4€70k€58k▼

Taxes, remuneration and social security45€27k€29k▲

Taxes450/3€14k€14k▼

Remuneration and social security454/9€13k€15k▲

Other amounts payable47/48€55k€45k▼

Accrued charges and deferred income492/3-€180

Income statement Code20232024

Remuneration, social security and pensions62€91k€114k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲

Other operating charges640/8€2k€2k▼

Gross operating margin9900€120k€158k▲

Operating profit (loss)9901€12k€22k▲

Financial income75/76B€3k€3k▲

Recurring financial income75€3k€3k▲

Financial charges65/66B€578€2k▲

Recurring financial charges65€578€2k▲

Profit (loss) for the period before taxes9903€15k€24k▲

Income taxes67/77€4k€6k▲

Profit (loss) for the period9904€11k€17k▲

Profit (loss) for the period to be appropriated9905€11k€17k▲

Appropriation of the result

Profit (loss) to be appropriated9906€11k€17k▲

Transfer to equity691/2€11k€17k▲

To other reserves6921€11k€17k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

25-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €11k ▼55.7%

Net result drops to €11k, the lowest in the series; recovery starts the following year.

12-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Wielsbeke · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Lobeekstraat 298710 Wielsbeke

Ground area

1,020 m²

Building footprint

258 m²

Volume, LiDAR

1,035 m³

Parcel 37017C0147/00M002, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

VERMEULEN TECHNICS

Lobeekstraat 29, 8710 WielsbekeGeneral electrical installation work

since 20222.326.004.867

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37017C0147/00M002	Flanders	1,020 m²	1 · 258 m²	6.1 m · 1 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 to 2025 · 3 entries · 1,794 EUR awarded · 1,794 EUR paid

Year	Entries	awarded	paid
2025	2	1,576 EUR	1,576 EUR
2023	1	218 EUR	218 EUR

Schemes

Premie kwalificerend werkplekleren

1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 794 EUR · 794 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

4 live approvals

Elektrische installaties duaal (so)

Goedgekeurd · 2023 to 2028

Elektrotechnicus (vwo)

Goedgekeurd · 2023 to 2028

Elektrotechnicus duaal (so)

Goedgekeurd · 2023 to 2028

Elektrotechnisch installateur (vwo)

Goedgekeurd · 2023 to 2028

Similar companies · same sector, comparable size

ELEKTRICITEITSWERKEN ZWAAN

BE 0674.614.610

Heist-op-den-Berg · Eq €57k

Destelbergen · Eq €57k

VLAS

BE 0695.944.613

Dilbeek · Eq €57k

Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,662 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-01-2022

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

46140Agents in the wholesale of industrial machinery, ships and aircraft

46831Wholesale of construction materials, general range

95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.