VERMINNEN
ActiveVERMINNEN has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €-5k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+3
Solvency68=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.22 in 2024; short-term debt: 57.1% and cash: 3.4% of total assets), and 57.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
24 d early
2023
13 d early
2022
35 d early
2021
38 d late
2020
24 d late
2019
1 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▼ 3.5%
2024 · €156k
2018: €137k
2019: €121k
2020: €100k
2021: €130k
2022: €167k
2023: €169k
2024: €156k
2018 → 2025
Total assets
€351k▼ 3.8%
2024 · €364k
2018: €448k
2019: €438k
2020: €405k
2021: €424k
2022: €421k
2023: €390k
2024: €364k
2018 → 2025
Net result
€-5k▲ 58.4%
2024 · €-13k
2018: €-41k
2019: €-16k
2020: €-21k
2021: €30k
2022: €37k
2023: €3k
2024: €-13k
2018 → 2025
Working capital
€-144k▲ 11.8%
2024 · €-164k
2018: €-132k
2019: €-217k
2020: €-238k
2021: €-232k
2022: €-194k
2023: €-174k
2024: €-164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€167k▲ 28.6%€169k▲ 1.5%€156k▼ 7.8%€151k▼ 3.5%
Operating result€32k-€42k▲ 31.5%€8k▼ 81.4%€-13k€-5k▲ 58.2%
Net result€30k-€37k▲ 24.3%€3k▼ 93.1%€-13k€-5k▲ 58.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €351k
Fixed assets
€295k▼ 7.7%
Current assets
€56k▲ 24.7%
Equity and liabilities €351k
Equity
€151k▼ 3.5%
Debt
€200k▼ 3.9%
The debt ratio falls from 57.2% to 57.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19k▲
2024 · €12k
Cash flow
€19k▲
2024 · €12k
Solvency
42.9%▲
2024 · 42.8%
Current ratio
0.28▲
2024 · 0.22
Quick ratio
0.25▲
2024 · 0.22
Debt / equity
1.33▼
2024 · 1.34
ROE
-3.6%▲
2024 · -8.4%
ROA
-1.6%▲
2024 · -3.6%
Interest coverage
273.24▲
2024 · 83.91
Debt
€200k▼
2024 · €208k
Debt ≤ 1 year
€200k▼
2024 · €208k
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€364k€351k▼
Fixed assets21/28€320k€295k▼
Tangible fixed assets22/27€320k€295k▼
Land and buildings22€305k€287k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€10€222▲
Leasing and similar rights25€6k€0▼
Financial fixed assets28€66€66=
Current assets29/58€45k€56k▲
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€8k€10k▲
Trade receivables40€8k€10k▲
Other amounts receivable41€5€154▲
Cash at bank and in hand54/58€9k€12k▲
Deferred charges and accrued income490/1€27k€27k▼
Equity and liabilities
Total equity and liabilities10/49€364k€351k▼
Equity10/15€156k€151k▼
Contributions10/11€20k€20k=
Reserves13€136k€131k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€134k€129k▼
Profit (loss) carried forward14-€-49
Amounts payable17/49€208k€200k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€208k€200k▼
Current portion of amounts payable after more than one year42€1k€0▼
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Advances received on contracts in progress46€415€1k▲
Taxes, remuneration and social security45€557€0▼
Taxes450/3€557€0▼
Other amounts payable47/48€201k€191k▼
Income statement
Code20242025
Non-recurring operating income76A€950€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€17k€23k▲
Operating profit (loss)9901€-13k€-5k▲
Financial income75/76B€1€42▲
Recurring financial income75€1€42▲
Financial charges65/66B€143€70▼
Recurring financial charges65€143€70▼
Profit (loss) for the period before taxes9903€-13k€-5k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-13k€-5k▲
Profit (loss) for the period to be appropriated9905€-13k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-5k▲
Transfer from equity791/2€13k€5k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (10 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €37k ▲24.3%
Operating result €42k, net result €37k, both a record.
31-12
Financial
Equity above €150kEq €167k ▲28.6%
2 profitable years in a row build equity to €167k.
07-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
31-12
Financial
Equity above €100kEq €130k ▲29.8%
Equity rises from €100k to €130k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Deinze · 1 establishment unit since 1990
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.
Warandestraat 249850 DeinzeGround area
1,517 m²
Building footprint
133 m²
Volume, LiDAR
554 m³
Parcel 44027A0161/00E000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Warandestraat 24, 9850 Deinze
since 19902.014.736.223
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44027A0161/00E000 | Flanders | 1,517 m² | 1 · 133 m² | 10.4 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.
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Of 3,394 companies in sector 90393 we hold annual accounts for 938. 745 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-1978
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
92313
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.