Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vereal Wood from Gouvy, company number BE0412594250, closed financial year 2025 with a result of € 418,105 after tax. For that financial year Vereal Wood recorded a gross margin of € 1.7 million and equity of € -1.7 million. Compared with financial year 2024, the result moved from € -12,423 to € 418,105. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ -1.7 million
▲ € 415,448 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 418,105
▲ still € 12,423 loss in 2024
Profit after tax over the fiscal year.
€ 308,425
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -3 million.
People and assets in 2025
10.9
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 566,339
▲ 26% vs 2024
€ 52,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 555,467
▲ € 484,641 vs 2024
Of which on lease € 448,115.
Debts at end 2025
€ 5.1 million
▲ 31% vs 2024
€ 271,367 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5.8 million
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 99,726
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 699,202 | € 723,106 | € 974,955 | € 1,727,392 | ▲ 77% |
| Profit after taxes | € 181,459 | € 149,442 | € -12,423 | € 418,105 | ▲ € 430,527 |
| Equity | € -2,266,525 | € -2,121,047 | € -2,136,968 | € -1,721,519 | ▲ € 415,448 |
| Total debts | € 4,038,874 | € 4,837,398 | € 9,811,982 | € 11,507,290 | ▲ 17% |
| Cash | € 43,063 | € 126,250 | € 346,322 | € 308,425 | ▼ 11% |
| Land & buildings | € 222,549 | € 206,691 | € 617,769 | € 582,778 | ▼ 6% |
| Retained profit | € -3,548,846 | € -3,399,404 | € -3,411,827 | € -2,993,722 | ▲ € 418,105 |
| Bank debt | € 2,887,500 | € 3,137,500 | € 3,892,890 | € 5,081,864 | ▲ 31% |
| Balance sheet total | € 1,772,349 | € 2,716,351 | € 7,675,015 | € 9,785,771 | ▲ 28% |
| Employees (FTE) | 8.4 | 7.4 | 10 | 10.9 | ▲ 0.9 |
Key figures of Vereal Wood, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Vereal Wood?
What happened at Vereal Wood in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Linda Thiry stepped down as director. NBB
- Christophe Thiry stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 418,105. Source: NBB ↗
- MÜLLER INVEST SRL stepped down as director. NBB
- VEREAL SA stepped down as director. NBB
- Linda Thiry became a director. NBB
- Christophe Thiry became a director. NBB
- New establishment in Amel. KBO
In short
From € 181,459 profit in 2022 to € 418,105 profit in 2025.
Paid € 207 in corporate taxes since 2022.
Best year ever: 2025, with € 418,105 profit.
On average € 158,500 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MULLER INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vereal WoodThe shares are held by MULLER INVEST (9.8%).
Directors
According to the 2025 annual accounts
Director · represented by Bernd MÜLLER
since 2012 · until 2026
Director · represented by François THIRY
since 2020 · until 2026
Linda Thiry
Director
since 2024 · until 2030
Christophe Thiry
Director
since 2024 · until 2030
Shareholders
9.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Halconreux 5C
6671 Gouvy
Halconreux 5 box C
6671 Gouvy
Active since 1 August 1972
Born,Kaiserbaracke 1
4770 Amel
Active since 10 January 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.594.250
- VAT number
- BE 0412.594.250
- Registered office
- Halconreux 5C, 6671 Gouvy
- Names & denominations
- Vereal Wood
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 1972
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Bosexploitatie
Exploitatie van bossen
Groothandel in hout
Zagen en schaven van hout