VERMO
ActiveVERMO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.26M and a net result of €557k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 1.96 in 2024; short-term debt: 11.2% and cash: 3.4% of total assets), and 14.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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
85.3%
Return on assets
11.1%
Age of the figures
9 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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
14 d early
2023
124 d early
2022
55 d early
2021
20 d early
2020
9 d early
2019
4 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
18-09-2026 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
€557k▼ 1.0%
2024 · €562k
2018: €359k
2019: €324k
2020: €386k
2021: €437k
2022: €498k
2023: €563k
2024: €562k
2018 → 2025
Working capital
€1.14M▲ 84.3%
2024 · €621k
2018: €135k
2019: €-333k
2020: €-481k
2021: €-254k
2022: €-141k
2023: €360k
2024: €621k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.53M-€2.88M▲ 13.7%€3.44M▲ 19.6%€3.70M▲ 7.6%€4.26M▲ 15.0%
Operating result€682k-€764k▲ 12.0%€788k▲ 3.1%€831k▲ 5.4%€834k▲ 0.3%
Net result€437k-€498k▲ 14.0%€563k▲ 13.1%€562k▼ 0.1%€557k▼ 1.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.00M
Fixed assets
€3.29M▼ 4.6%
Current assets
€1.71M▲ 34.8%
Equity and liabilities €5.00M
Equity
€4.26M▲ 15.0%
Provisions
€8k▼ 57.1%
Debt
€729k▼ 26.7%
The debt ratio falls from 21.1% to 14.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.03M▼
2024 · €1.03M
Cash flow
€749k▼
2024 · €762k
Solvency
85.3%▲
2024 · 78.5%
Current ratio
3.04▲
2024 · 1.96
Quick ratio
1.17▲
2024 · 1.15
Debt / equity
0.17▼
2024 · 0.27
ROE
13.1%▼
2024 · 15.2%
ROA
11.1%▼
2024 · 11.9%
Interest coverage
33.73▲
2024 · 31.06
Debt
€729k▼
2024 · €994k
Debt ≤ 1 year
€562k▼
2024 · €645k
Debt > 1 year
€153k▼
2024 · €318k
Income taxes
€267k▼
2024 · €268k
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€4.72M€5.00M▲
Fixed assets21/28€3.45M€3.29M▼
Tangible fixed assets22/27€3.45M€3.29M▼
Land and buildings22€3.44M€3.28M▼
Furniture and vehicles24€16k€15k▼
Current assets29/58€1.27M€1.71M▲
Stocks and contracts in progress3€523k€1.05M▲
Stocks30/36€523k€1.05M▲
Amounts receivable within one year40/41€45k€26k▼
Trade receivables40€45k€26k▼
Current investments50/53€600k€450k▼
Cash at bank and in hand54/58€79k€171k▲
Deferred charges and accrued income490/1€18k€11k▼
Equity and liabilities
Total equity and liabilities10/49€4.72M€5.00M▲
Equity10/15€3.70M€4.26M▲
Contributions10/11€475k€475k=
Capital10€475k€475k=
Issued capital100€475k€475k=
Reserves13€3.23M€3.78M▲
Non-distributable reserves130/1€48k€48k=
Legal reserve130€48k€48k=
Tax-exempt reserves132€57k€25k▼
Distributable reserves133€3.12M€3.71M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€19k€8k▼
Deferred taxes168€19k€8k▼
Amounts payable17/49€994k€729k▼
Amounts payable after more than one year17€318k€153k▼
Financial debts170/4€318k€153k▼
Amounts payable within one year42/48€645k€562k▼
Current portion of amounts payable after more than one year42€241k€202k▼
Trade debts44€738€5k▲
Suppliers440/4€738€5k▲
Taxes, remuneration and social security45€67k€131k▲
Taxes450/3€67k€131k▲
Other amounts payable47/48€336k€225k▼
Accrued charges and deferred income492/3€32k€14k▼
Income statement
Code20242025
Non-recurring operating income76A€4k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€200k€192k▼
Other operating charges640/8€95k€97k▲
Gross operating margin9900€1.13M€1.12M▼
Operating profit (loss)9901€831k€834k▲
Financial income75/76B€21k€10k▼
Recurring financial income75€21k€10k▼
Financial charges65/66B€33k€30k▼
Recurring financial charges65€33k€30k▼
Profit (loss) for the period before taxes9903€819k€813k▼
Transfer from deferred taxes780€11k€11k=
Income taxes67/77€268k€267k▼
Profit (loss) for the period9904€562k€557k▼
Transfer from tax-exempt reserves789€33k€33k=
Profit (loss) for the period to be appropriated9905€595k€589k▼
Appropriation of the result
Profit (loss) to be appropriated9906€595k€589k▼
Transfer from equity791/2€300k€0▼
Transfer to equity691/2€595k€589k▼
To other reserves6921€595k€589k▼
Profit to be distributed694/7€300k€0▼
Return on contributions (dividend)694€300k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (17 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €563k ▲13.1%
Net result €563k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.83
Current ratio from 0.81 to 1.83; short-term debt falls from €726k to €431k.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €324k ▼9.7%
Net result drops to €324k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2MEq €2.02M ▲20%
2 profitable years in a row build equity to €2.02M.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Torhout · 1 establishment unit since 1991
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.
Oostendestraat 2808820 TorhoutGround area
3,491 m²
Building footprint
421 m²
Volume, LiDAR
2,446 m³
Parcel 31033I0488/00H000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vermo Immo
since 19912.055.155.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033I0488/00H000 | Flanders | 3,491 m² | 1 · 421 m² | 13.0 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,509 EUR awarded · 1,509 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,509 EUR | 1,509 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,016 companies in sector 68203 we hold annual accounts for 5,983. 2,857 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-10-1991
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.