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 €8.1m and a net result of €617,050. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 6166 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 Checked 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.
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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 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 company by equity in Tielt, Finance and insurance sector
Equity
€8.1m▲ 8.2%
2023 · €7.5m
Net result
€617,050▼ 28.3%
2023 · €860,602
Total assets
€8.5m▲ 7.5%
2023 · €7.9m
Solvency
96.0%▲ 0.6pp
2023 · 95.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,850▲ 5.3%€25,006▲ 0.6%€35,381▲ 41.5%€6,370▼ 82.0%€18,315▲ 188%
Net result€613,318above the sector's middle half▼ 14.8%€788,781above the sector's middle half▲ 28.6%€382,634above the sector's middle half▼ 51.5%€860,602above the sector's middle half▲ 125%€617,050above the sector's middle half▼ 28.3%
Equity€6.5mabove the sector's middle half▲ 5.5%€6.5mabove the sector's middle half▲ 0.1%€6.6mabove the sector's middle half▲ 1.6%€7.5mabove the sector's middle half▲ 12.9%€8.1mabove the sector's middle half▲ 8.2%
Total assets€6.7mabove the sector's middle half▲ 6.4%€7.4mabove the sector's middle half▲ 10.3%€7.0mabove the sector's middle half▼ 5.6%€7.9mabove the sector's middle half▲ 13.2%€8.5mabove the sector's middle half▲ 7.5%
Debt€140,891▲ 83.7%€820,466▲ 482%€304,639▼ 62.9%€364,781▲ 19.7%€338,538▼ 7.2%
Working capital€1.5mabove the sector's middle half▲ 28.3%€1.5mabove the sector's middle half▲ 0.6%€1.6mabove the sector's middle half▲ 6.9%€2.5mabove the sector's middle half▲ 52.0%€3.1mabove the sector's middle half▲ 24.9%
Solvency97.9%above the sector's middle half▼ 0.9pp88.9%above the sector's middle half▼ 9.0pp95.6%above the sector's middle half▲ 6.8pp95.4%above the sector's middle half▼ 0.3pp96.0%above the sector's middle half▲ 0.6pp
Current ratio11.89above the sector's middle half▼ 4.702.88within the sector's middle half▼ 9.016.45above the sector's middle half▲ 3.578.16above the sector's middle half▲ 1.7110.87above the sector's middle half▲ 2.71
Return on assets (ROA)9.2%within the sector's middle half▼ 2.3pp10.7%within the sector's middle half▲ 1.5pp5.5%within the sector's middle half▼ 5.2pp10.9%within the sector's middle half▲ 5.4pp7.3%within the sector's middle half▼ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 €8.5m
Fixed assets
€5.0m =
Current assets
€3.4m ▲ 20.7%
Equity and liabilities €8.5m
Equity
€8.1m ▲ 8.2%
Debt
€338,538 ▼ 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%
Debt ≤ 1 year
€317,161▼
2023 · €349,898
Income taxes
€68,887▼
2023 · €98,079
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 | €1,075 | €1,155 | ▲ 7.4% |
| Gross operating margin9900 | €25,827 | €25,985 | €36,361 | €7,445 | €19,470 | ▲ 162% |
| Operating profit (loss)9901 | €24,850 | €25,006 | €35,381 | €6,370 | €18,315 | ▲ 188% |
| Financial income75/76B | - | €862,318 | €403,343 | €967,426 | €689,323 | ▼ 28.7% |
| Recurring financial income75 | €668,738 | €862,318 | €403,343 | €967,426 | €689,323 | ▼ 28.7% |
| Financial charges65/66B | - | €32 | €42 | €15,115 | €21,701 | ▲ 43.6% |
| Recurring financial charges65 | €27 | €32 | €42 | €15,115 | €21,701 | ▲ 43.6% |
| Profit (loss) for the period before taxes9903 | €693,561 | €887,292 | €438,682 | €958,681 | €685,937 | ▼ 28.4% |
| Income taxes67/77 | €80,243 | €98,511 | €56,048 | €98,079 | €68,887 | ▼ 29.8% |
| Profit (loss) for the period9904 | €613,318 | €788,781 | €382,634 | €860,602 | €617,050 | ▼ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €613,318 | €788,781 | €382,634 | €860,602 | €617,050 | ▼ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €7.4m | €7.0m | €7.9m | €8.5m | ▲ 7.5% |
| Fixed assets21/28 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Financial fixed assets28 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Current assets29/58 | €1.7m | €2.4m | €2.0m | €2.9m | €3.4m | ▲ 20.7% |
| Amounts receivable within one year40/41 | €1.6m | €1.4m | €817,911 | €1.8m | €2.5m | ▲ 40.7% |
| Trade receivables40 | - | - | €29,040 | €9,680 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1.4m | €788,871 | €1.7m | €2.5m | ▲ 41.5% |
| Current investments50/53 | - | - | - | €800,000 | €824,717 | ▲ 3.1% |
| Cash at bank and in hand54/58 | €13,114 | €923,822 | €1.1m | €237,014 | €159,369 | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | €73,582 | €64,964 | €68,694 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €7.4m | €7.0m | €7.9m | €8.5m | ▲ 7.5% |
| Equity10/15 | €6.5m | €6.5m | €6.6m | €7.5m | €8.1m | ▲ 8.2% |
| Contributions10/11 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Reserves13 | €4.0m | €4.0m | €4.1m | €5.0m | €5.6m | ▲ 12.3% |
| Non-distributable reserves130/1 | - | €251,000 | €251,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | €251,000 | €251,000 | €0 | - | - |
| Distributable reserves133 | - | €3.8m | €3.9m | €5.0m | €5.6m | ▲ 12.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €140,891 | €820,466 | €304,639 | €364,781 | €338,538 | ▼ 7.2% |
| Amounts payable within one year42/48 | €140,891 | €820,466 | €302,299 | €349,898 | €317,161 | ▼ 9.4% |
| Trade debts44 | €73,523 | - | - | €31 | €31 | = |
| Suppliers440/4 | - | - | - | €31 | €31 | = |
| Taxes, remuneration and social security45 | - | €83,136 | €40,919 | €89,035 | €44,886 | ▼ 49.6% |
| Taxes450/3 | - | €83,136 | €40,919 | €89,035 | €44,886 | ▼ 49.6% |
| Other amounts payable47/48 | - | €737,330 | €261,380 | €260,832 | €272,245 | ▲ 4.4% |
| Accrued charges and deferred income492/3 | - | - | €2,340 | €14,883 | €21,376 | ▲ 43.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €613,318 | €788,781 | €382,634 | €860,602 | €617,050 | ▼ 28.3% |
| Operating cash flow (approximation) | €613,318 | €788,781 | €382,634 | €860,602 | €617,050 | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€15,260 | €0 | ▲ 100% |
| Change in cash | - | €910,708 | €144,508 | -€831,316 | -€77,646 | ▲ 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
Next filing, fiscal year 2026, expected by
2026
02-07
State Gazette act
Capital & sharesIncorporation · Statutes amendment · Power of attorney8 facts ▸
State Gazette act
Capital & shares
Incorporation · Statutes amendment · Power of attorney8 facts ▸
- General meeting, 24-06-2026
- Incorporation, 12-02-2013
- Other statement, statutenwijzigingen, sindsdien niet verder gewijzigd
- Other statement, aandelensplitsing, Eerste besluit
- Statutes amendment, 6
- Power of attorney, Nicolas Verstraete
- Power of attorney
- Power of attorney, Karen Peck
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
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 €860,602 ▲125%
Net result €860,602, the highest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €382,634 ▼51.5%
Net result drops to €382,634, 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 €820,466 to €302,299.
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
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of VERMU and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 6,656 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0509967107
Also
9925:BE0509967107
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.