VERMOET
ActiveSummary
VERMOET has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476,325 and a net result of -€9,026. Equity is shrinking by ~5.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+7
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.66 against 3.28 in 2024; short-term debt: 8.1% and cash: 12.2% of total assets), and 8.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
91.9%
Return on assets
-1.7%
Age of the figures
20 mo
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
19202122232425
2019 to 2025 · latest year -€9,026
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 26-09-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2026
not confirmed
2025
26 d late
2024
61 d late
2023
40 d late
2022
on the day
2021
3 d early
2020
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€476,325▼ 1.9%
2024 · €485,351
Total assets
€518,455▼ 3.2%
2024 · €535,722
Net result
-€9,026▲ 76.2%
2024 · -€37,894
Working capital
€112,078▼ 2.6%
2024 · €115,022
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€45,441▲ 27.7%€16,532-€64,982-€42,132▲ 35.2%-€12,552▲ 70.2%
Net result-€43,850▲ 32.8%€16,070-€65,072-€37,894▲ 41.8%-€9,026▲ 76.2%
Equity€572,753▼ 7.1%€588,823▲ 2.8%€523,751▼ 11.1%€485,351▼ 7.3%€476,325▼ 1.9%
Total assets€603,523▼ 17.9%€612,149▲ 1.4%€574,431▼ 6.2%€535,722▼ 6.7%€518,455▼ 3.2%
Debt€30,770▼ 74.0%€23,326▼ 24.2%€50,680▲ 117%€50,371▼ 0.6%€42,130▼ 16.4%
Working capital€191,622▼ 15.5%€216,291▲ 12.9%€158,652▼ 26.6%€115,022▼ 27.5%€112,078▼ 2.6%
Staff (FTE)2.4▼ 7.7%2.2▼ 8.3%1.3▼ 40.9%1
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 €12,552 in 2025 against €42,132 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €518,455
Fixed assets
€364,247 ▼ 1.6%
Current assets
€154,208 ▼ 6.8%
Equity and liabilities €518,455
Equity
€476,325 ▼ 1.9%
Debt
€42,130 ▼ 16.4%
Debt's share of the balance-sheet total falls from 9.4% to 8.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,360▲
2024 · -€34,289
Cash flow
-€834▲
2024 · -€30,051
Current ratio
3.66▲
2024 · 3.28
Quick ratio
3.63▲
2024 · 2.71
Debt to equity
0.09▼
2024 · 0.10
ROE
-1.9%▲
2024 · -7.8%
ROA
-1.7%▲
2024 · -7.1%
Interest coverage
-25.27▲
2024 · -299.91
Debt ≤ 1 year
€42,130▼
2024 · €50,371
Income taxes
€113▼
2024 · €408
Staff costs
€9,372▼
2024 · €10,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €43,053 | €22,497 | €10,777 | €9,372 | ▼ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,599 | €8,599 | €7,434 | €7,843 | €8,192 | ▲ 4.5% |
| Other operating charges640/8 | - | €7,395 | €38,694 | €5,466 | €9,332 | ▲ 70.7% |
| Gross operating margin9900 | €17,883 | €75,578 | €3,643 | -€18,046 | €14,343 | ▲ 179% |
| Operating profit (loss)9901 | -€45,441 | €16,532 | -€64,982 | -€42,132 | -€12,552 | ▲ 70.2% |
| Financial income75/76B | - | €6 | - | €4,761 | €3,811 | ▼ 20.0% |
| Recurring financial income75 | - | €6 | - | €4,761 | €3,811 | ▼ 20.0% |
| Financial charges65/66B | - | €246 | €91 | €114 | €173 | ▲ 50.9% |
| Recurring financial charges65 | -€1,591 | €246 | €91 | €114 | €173 | ▲ 50.9% |
| Profit (loss) for the period before taxes9903 | -€43,850 | €16,291 | -€65,072 | -€37,486 | -€8,914 | ▲ 76.2% |
| Income taxes67/77 | - | €221 | - | €408 | €113 | ▼ 72.4% |
| Profit (loss) for the period9904 | -€43,850 | €16,070 | -€65,072 | -€37,894 | -€9,026 | ▲ 76.2% |
| Profit (loss) for the period to be appropriated9905 | -€43,850 | €16,070 | -€65,072 | -€37,894 | -€9,026 | ▲ 76.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €603,523 | €612,149 | €574,431 | €535,722 | €518,455 | ▼ 3.2% |
| Fixed assets21/28 | €381,131 | €372,532 | €365,099 | €370,329 | €364,247 | ▼ 1.6% |
| Tangible fixed assets22/27 | €371,052 | €362,454 | €355,020 | €358,479 | €352,397 | ▼ 1.7% |
| Land and buildings22 | - | €361,811 | €355,020 | €358,078 | €350,198 | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €643 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €401 | €2,199 | ▲ 448% |
| Financial fixed assets28 | €10,079 | €10,079 | €10,079 | €11,850 | €11,850 | = |
| Current assets29/58 | €222,392 | €239,617 | €209,332 | €165,393 | €154,208 | ▼ 6.8% |
| Stocks and contracts in progress3 | €122,764 | €46,312 | €56,677 | €28,842 | €1,472 | ▼ 94.9% |
| Stocks30/36 | - | €46,312 | €56,677 | €28,842 | €1,472 | ▼ 94.9% |
| Amounts receivable within one year40/41 | - | €67,902 | €92,600 | €76,659 | €83,814 | ▲ 9.3% |
| Trade receivables40 | - | - | - | €4,167 | €3,197 | ▼ 23.3% |
| Other amounts receivable41 | - | €67,902 | €92,600 | €72,493 | €80,617 | ▲ 11.2% |
| Cash at bank and in hand54/58 | €95,882 | €120,554 | €55,206 | €52,603 | €63,309 | ▲ 20.4% |
| Deferred charges and accrued income490/1 | - | €4,849 | €4,849 | €7,289 | €5,613 | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €603,523 | €612,149 | €574,431 | €535,722 | €518,455 | ▼ 3.2% |
| Equity10/15 | €572,753 | €588,823 | €523,751 | €485,351 | €476,325 | ▼ 1.9% |
| Contributions10/11 | €19,098 | €19,098 | €19,098 | €18,592 | €18,592 | = |
| Reserves13 | €553,655 | €569,725 | €504,653 | €466,759 | €457,733 | ▼ 1.9% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €2,975 | €2,975 | €2,975 | €2,975 | = |
| Distributable reserves133 | - | €564,891 | €499,819 | €461,925 | €452,899 | ▼ 2.0% |
| Amounts payable17/49 | €30,770 | €23,326 | €50,680 | €50,371 | €42,130 | ▼ 16.4% |
| Amounts payable within one year42/48 | €30,770 | €23,326 | €50,680 | €50,371 | €42,130 | ▼ 16.4% |
| Trade debts44 | €21,070 | €3,167 | €9,074 | €12,198 | €8,443 | ▼ 30.8% |
| Suppliers440/4 | - | €3,167 | €9,074 | €12,198 | €8,443 | ▼ 30.8% |
| Taxes, remuneration and social security45 | - | €20,159 | €41,605 | €38,174 | €33,688 | ▼ 11.8% |
| Taxes450/3 | - | €286 | €1,612 | €1,527 | €1,400 | ▼ 8.3% |
| Remuneration and social security454/9 | - | €19,872 | €39,993 | €36,646 | €32,288 | ▼ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,850 | €16,070 | -€65,072 | -€37,894 | -€9,026 | ▲ 76.2% |
| + Depreciation and write-downs630 | €8,599 | €8,599 | €7,434 | €7,843 | €8,192 | ▲ 4.5% |
| Operating cash flow (approximation) | -€35,251 | €24,669 | -€57,639 | -€30,051 | -€834 | ▲ 97.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€13,074 | -€2,110 | ▲ 83.9% |
| Change in cash | - | €24,672 | -€65,348 | -€2,603 | €10,706 | ▲ 511% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 40 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
Financial
Back to profitnet €16,070
Net result €16,070 after 3 loss-making years.
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-01
Financial
Liquidity doublescurrent ratio 7.23
Current ratio from 2.91 to 7.23; short-term debt falls from €118,485 to €30,770.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
31-01
Financial
Weakest financial yearnet -€65,287
Net result drops to -€65,287, the lowest in the series; recovery starts the following year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 38 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2016
22-08
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Knokke-Heist · 1 establishment unit since 1996
Ground area
349 m²
Building footprint
333 m²
Volume, LiDAR
4,925 m³
2 parcels, Flanders · tallest building 21.8 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
MAUDY BIS
since 19962.301.164.058
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0321/00A000 | Flanders | 183 m² | 1 · 183 m² | 21.8 m · 7 fl. |
| 31334B0316/00_000 | Flanders | 166 m² | 1 · 150 m² | 19.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-1982
Fiscal year end31-01
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422957315
Also
9925:BE0422957315
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.