Summary
VERMU is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €8.12M and a net result of €617k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 6157 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
8 d early
2022
24 d early
2021
2 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€8.12M▲ 8.2%
2023 · €7.51M
Net result
€617k▼ 28.3%
2023 · €861k
Total assets
€8.46M▲ 7.5%
2023 · €7.87M
Solvency
96.0%▲ 0.6pp
2023 · 95.4%
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
Line20202021202220232024
Operating result€25k▲ 5.3%€25k▲ 0.6%€35k▲ 41.5%€6k▼ 82.0%€18k▲ 188%
Net result€613k▼ 14.8%€789k▲ 28.6%€383k▼ 51.5%€861k▲ 125%€617k▼ 28.3%
Equity€6.53M▲ 5.5%€6.54M▲ 0.1%€6.65M▲ 1.6%€7.51M▲ 12.9%€8.12M▲ 8.2%
Total assets€6.68M▲ 6.4%€7.36M▲ 10.3%€6.95M▼ 5.6%€7.87M▲ 13.2%€8.46M▲ 7.5%
Debt€141k▲ 83.7%€820k▲ 482%€305k▼ 62.9%€365k▲ 19.7%€339k▼ 7.2%
Working capital€1.53M▲ 28.3%€1.54M▲ 0.6%€1.65M▲ 6.9%€2.51M▲ 52.0%€3.13M▲ 24.9%
Solvency97.9%▼ 0.9pp88.9%▼ 9.0pp95.6%▲ 6.8pp95.4%▼ 0.3pp96.0%▲ 0.6pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 188% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.46M
Fixed assets
€5.02M =
Current assets
€3.45M ▲ 20.7%
Equity and liabilities €8.46M
Equity
€8.12M ▲ 8.2%
Debt
€339k ▼ 7.2%
Debt's share of the balance-sheet total falls from 4.6% to 4.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.6%▼
2023 · 11.5%
ROA
7.3%▼
2023 · 10.9%
Debt ≤ 1 year
€317k▼
2023 · €350k
Income taxes
€69k▼
2023 · €98k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €979 | €980 | €1k | €1k | ▲ 7.4% |
| Gross operating margin9900 | €26k | €26k | €36k | €7k | €19k | ▲ 162% |
| Operating profit (loss)9901 | €25k | €25k | €35k | €6k | €18k | ▲ 188% |
| Financial income75/76B | - | €862k | €403k | €967k | €689k | ▼ 28.7% |
| Recurring financial income75 | €669k | €862k | €403k | €967k | €689k | ▼ 28.7% |
| Financial charges65/66B | - | €32 | €42 | €15k | €22k | ▲ 43.6% |
| Recurring financial charges65 | €27 | €32 | €42 | €15k | €22k | ▲ 43.6% |
| Profit (loss) for the period before taxes9903 | €694k | €887k | €439k | €959k | €686k | ▼ 28.4% |
| Income taxes67/77 | €80k | €99k | €56k | €98k | €69k | ▼ 29.8% |
| Profit (loss) for the period9904 | €613k | €789k | €383k | €861k | €617k | ▼ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €613k | €789k | €383k | €861k | €617k | ▼ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.68M | €7.36M | €6.95M | €7.87M | €8.46M | ▲ 7.5% |
| Fixed assets21/28 | €5.00M | €5.00M | €5.00M | €5.02M | €5.02M | = |
| Financial fixed assets28 | €5.00M | €5.00M | €5.00M | €5.02M | €5.02M | = |
| Current assets29/58 | €1.68M | €2.36M | €1.95M | €2.86M | €3.45M | ▲ 20.7% |
| Amounts receivable within one year40/41 | €1.59M | €1.37M | €818k | €1.75M | €2.46M | ▲ 40.7% |
| Trade receivables40 | - | - | €29k | €10k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1.37M | €789k | €1.74M | €2.46M | ▲ 41.5% |
| Current investments50/53 | - | - | - | €800k | €825k | ▲ 3.1% |
| Cash at bank and in hand54/58 | €13k | €924k | €1.07M | €237k | €159k | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | €74k | €65k | €69k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.68M | €7.36M | €6.95M | €7.87M | €8.46M | ▲ 7.5% |
| Equity10/15 | €6.53M | €6.54M | €6.65M | €7.51M | €8.12M | ▲ 8.2% |
| Contributions10/11 | €2.51M | €2.51M | €2.51M | €2.51M | €2.51M | = |
| Reserves13 | €4.02M | €4.03M | €4.14M | €5.00M | €5.61M | ▲ 12.3% |
| Non-distributable reserves130/1 | - | €251k | €251k | €0 | - | - |
| Reserves not available under the articles1311 | - | €251k | €251k | €0 | - | - |
| Distributable reserves133 | - | €3.78M | €3.89M | €5.00M | €5.61M | ▲ 12.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €141k | €820k | €305k | €365k | €339k | ▼ 7.2% |
| Amounts payable within one year42/48 | €141k | €820k | €302k | €350k | €317k | ▼ 9.4% |
| Trade debts44 | €74k | - | - | €31 | €31 | = |
| Suppliers440/4 | - | - | - | €31 | €31 | = |
| Taxes, remuneration and social security45 | - | €83k | €41k | €89k | €45k | ▼ 49.6% |
| Taxes450/3 | - | €83k | €41k | €89k | €45k | ▼ 49.6% |
| Other amounts payable47/48 | - | €737k | €261k | €261k | €272k | ▲ 4.4% |
| Accrued charges and deferred income492/3 | - | - | €2k | €15k | €21k | ▲ 43.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €613k | €789k | €383k | €861k | €617k | ▼ 28.3% |
| Operating cash flow (approximation) | €613k | €789k | €383k | €861k | €617k | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-15k | €0 | ▲ 100% |
| Change in cash | - | €911k | €145k | €-831k | €-78k | ▲ 90.7% |
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
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €861k ▲125%
Net result €861k, the highest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €383k ▼51.5%
Net result drops to €383k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.45
Current ratio from 2.88 to 6.45; short-term debt falls from €820k to €302k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Tielt · 1 establishment unit since 2013
Ground area
5,222 m²
Building footprint
265 m²
Volume, LiDAR
1,385 m³
Parcel 37001A0372/00B000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VERMU
since 20132.217.326.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37001A0372/00B000 | Flanders | 5,222 m² | 1 · 265 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 24,730 companies in sector 64210 we hold annual accounts for 19,766. 6,642 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
64310Financial service activities, except insurance and pension funding
64910Financial service activities, except insurance and pension funding
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.