What does VERMAKO do?

VERMAKO is a machinery manufacturer in Tielt. Private Limited, started on 18 August 1974, 1 establishment.

What is the address of VERMAKO?

The registered office of VERMAKO is located at Careelstraat 11, 8700 Tielt.

Is VERMAKO still active?

Yes. According to the CBE (30 October 2026) VERMAKO is active, legal situation “Normale toestand”, started on 18 August 1974.

Is VERMAKO registered on Peppol?

Yes, VERMAKO is registered on the Peppol network with ID 0208:0414606902.

What is the enterprise number of VERMAKO?

The enterprise number of VERMAKO is BE0414606902.

When was VERMAKO founded?

VERMAKO was founded on 18 August 1974.

Who are the directors of VERMAKO?

According to the 2025 annual accounts, the directors of VERMAKO are: Jacques Maes, Kim Maes, MAEVENIR BV.

Is VERMAKO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 August 1974; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did VERMAKO make in 2025?

VERMAKO posted a profit after taxes of € 298,511 in financial year 2025.

What is the revenue of VERMAKO?

As a small company, VERMAKO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,418,135.

How much does an employee at VERMAKO earn?

The average wage cost per full-time employee at VERMAKO was € 78,900 in 2025: staff costs of € 1.3 million for 16.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VERMAKO have?

According to the 2025 annual accounts, VERMAKO has 16.6 full-time equivalents (FTE).

VERMAKO (Private Limited) - Tielt - BE0414606902

Dossier VERMAKO, printed on 30 October 2026 from databakkes.be/en/0414606902/vermako. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

VERMAKO from Tielt, company number BE0414606902, closed financial year 2025 with a result of € 298,511 after tax. For that financial year VERMAKO recorded a gross margin of € 2.4 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 840,394 to € 298,511. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.

What it is worth Growing

€ 1.6 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 298,511

▼ 64% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 221,240

▼ 55% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 295,000 paid out

99 % of the profit went to the shareholders, mostly to MAEVENIR (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

16.6

▼ 2.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.3 million

▲ 3% vs 2024

€ 78,900 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.

Vehicles and equipment

€ 357,189

▼ 31% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 485,398

▼ 30% vs 2024

€ 265,096 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 1.3 million

▲ 27% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 130,696

▼ 25% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	-	-	€ 8,981,871 Revenue 2024: € 8,981,871 First fiscal year in the series	-
Gross margin	€ 2,113,513 Gross margin 2022: € 2,113,513 First fiscal year in the series	€ 2,383,773 Gross margin 2023: € 2,383,773 ▲ 13% vs 2022 (€ 2,113,513) Favourable step	-	€ 2,418,135 Gross margin 2025: € 2,418,135 First fiscal year in the series
Profit after taxes	€ 466,378 Profit after taxes 2022: € 466,378 First fiscal year in the series	€ 474,138 Profit after taxes 2023: € 474,138 ▲ 2% vs 2022 (€ 466,378) Favourable step	€ 840,394 Profit after taxes 2024: € 840,394 ▲ 77% vs 2023 (€ 474,138) Favourable step	€ 298,511 Profit after taxes 2025: € 298,511 ▼ 64% vs 2024 (€ 840,394) Unfavourable step	▼ 64%
Equity	€ 1,296,179 Equity 2022: € 1,296,179 First fiscal year in the series	€ 1,601,666 Equity 2023: € 1,601,666 ▲ 24% vs 2022 (€ 1,296,179) Favourable step	€ 1,642,060 Equity 2024: € 1,642,060 ▲ 3% vs 2023 (€ 1,601,666) Favourable step	€ 1,645,570 Equity 2025: € 1,645,570 Unchanged (€ 1,642,060) Favourable step
Total debts	€ 2,440,619 Total debts 2022: € 2,440,619 First fiscal year in the series	€ 2,005,012 Total debts 2023: € 2,005,012 ▼ 18% vs 2022 (€ 2,440,619) Favourable step	€ 2,844,690 Total debts 2024: € 2,844,690 ▲ 42% vs 2023 (€ 2,005,012) Unfavourable step	€ 2,335,962 Total debts 2025: € 2,335,962 ▼ 18% vs 2024 (€ 2,844,690) Favourable step	▼ 18%
Cash	€ 908,593 Cash 2022: € 908,593 First fiscal year in the series	€ 205,834 Cash 2023: € 205,834 ▼ 77% vs 2022 (€ 908,593) Unfavourable step	€ 488,625 Cash 2024: € 488,625 ▲ 137% vs 2023 (€ 205,834) Favourable step	€ 221,240 Cash 2025: € 221,240 ▼ 55% vs 2024 (€ 488,625) Unfavourable step	▼ 55%
Land & buildings	€ 8,835 Land & buildings 2022: € 8,835 First fiscal year in the series	€ 1,264 Land & buildings 2023: € 1,264 ▼ 86% vs 2022 (€ 8,835) Unchanged	€ 5,735 Land & buildings 2024: € 5,735 ▲ € 4,471 vs 2023 (€ 1,264) Unchanged	€ 18,730 Land & buildings 2025: € 18,730 ▲ 227% vs 2024 (€ 5,735) Unchanged	▲ 227%
Retained profit	€ 1,277,587 Retained profit 2022: € 1,277,587 First fiscal year in the series	€ 1,583,074 Retained profit 2023: € 1,583,074 ▲ 24% vs 2022 (€ 1,277,587) Favourable step	€ 1,623,468 Retained profit 2024: € 1,623,468 ▲ 3% vs 2023 (€ 1,583,074) Favourable step	€ 1,626,978 Retained profit 2025: € 1,626,978 Unchanged (€ 1,623,468) Favourable step
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 168,651 Dividend 2023: € 168,651 Unchanged (€ 0) Unchanged	€ 800,000 Dividend 2024: € 800,000 ▲ € 631,349 vs 2023 (€ 168,651) Unchanged	€ 295,000 Dividend 2025: € 295,000 ▼ 63% vs 2024 (€ 800,000) Unchanged	▼ 63%
Bank debt	€ 1,159,418 Bank debt 2022: € 1,159,418 First fiscal year in the series	€ 885,309 Bank debt 2023: € 885,309 ▼ 24% vs 2022 (€ 1,159,418) Favourable step	€ 694,348 Bank debt 2024: € 694,348 ▼ 22% vs 2023 (€ 885,309) Favourable step	€ 485,398 Bank debt 2025: € 485,398 ▼ 30% vs 2024 (€ 694,348) Favourable step	▼ 30%
Balance sheet total	€ 3,736,797 Balance sheet total 2022: € 3,736,797 First fiscal year in the series	€ 3,606,678 Balance sheet total 2023: € 3,606,678 ▼ 3% vs 2022 (€ 3,736,797) Unchanged	€ 4,486,750 Balance sheet total 2024: € 4,486,750 ▲ 24% vs 2023 (€ 3,606,678) Unchanged	€ 3,981,532 Balance sheet total 2025: € 3,981,532 ▼ 11% vs 2024 (€ 4,486,750) Unchanged	▼ 11%
Employees (FTE)	17.7 Employees (FTE) 2022: 17.7 First fiscal year in the series	17.5 Employees (FTE) 2023: 17.5 ▼ 0.2 vs 2022 (17.7) Unchanged	19 Employees (FTE) 2024: 19 ▲ 1.5 vs 2023 (17.5) Unchanged	16.6 Employees (FTE) 2025: 16.6 ▼ 2.4 vs 2024 (19) Unchanged	▼ 2.4

Key figures of VERMAKO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to VERMAKO?

What happened at VERMAKO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 30, 2026 New annual accounts for financial year 2025: profit of € 298,511 (▼ 64% vs 2024). Source: NBB ↗
2024 MAEVENIR BV became a director. NBB
2024 Kim Maes became a director. NBB
2020 Jacques Maes became a director. NBB
Dec 1, 1974 New establishment in Tielt. KBO
Aug 18, 1974 Start of the company according to the CBE. KBO

In short

From € 466,378 profit in 2022 to € 298,511 profit in 2025.

Paid € 656,451 in corporate taxes since 2022.

Best year ever: 2024, with € 840,394 profit.

On average € 145,700 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

MAEVENIR 100%

The stake of MAEVENIR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

VERMAKO

Behind VERMAKO are Jacques Maes, Kim Maes and MAEVENIR BV. The shares are held by MAEVENIR (100%).

Directors

According to the 2025 annual accounts

Jacques Maes

Director

Also active at: Vermako Cover Solutions

since 2020

Kim Maes

Director

Also active at: Vermako Cover Solutions, MAEVENIR

since 2024

MAEVENIR BV

Managing director · represented by Karl Maes

Also active at: Vermako Cover Solutions

since 2024

Shareholders

MAEVENIR

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Careelstraat 11

8700 Tielt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

Vermako Cover Solutions same network

€ 1.3 million gross margin · 2025

MAEVENIR same network

€ 588,605 revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0414.606.902

VAT number

BE 0414.606.902

Registered office

Careelstraat 11, 8700 Tielt

Names & denominations

VERMAKO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

18 August 1974

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Vervaardiging van metalen constructiewerken en onderdelen daarvan

Vervaardiging van metalen constructiewerken en delen daarvan

Schrijnwerk

Metaalschrijnwerk

Smeden van metaal

View on CBE Public ↗ Annual accounts (NBB) ↗

VERMAKO

Financials

What happened to VERMAKO?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions