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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2.3 to 1.1.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
VERMEERSCH CONSTRUCT from Ternat, company number BE0421111444, closed financial year 2025 with a result of € -60,641 after tax. For that financial year VERMEERSCH CONSTRUCT recorded a gross margin of € 311,157 and equity of € 6,069. Compared with financial year 2024, the result moved from € -264,551 to € -60,641. The company made a loss. The buffer shrank hard: equity is 91 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 4, 2026.
€ 6,069
▼ 91% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -60,641
▲ 77 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,736
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
People and assets in 2025
1.1
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34,955
▼ 59% vs 2024
€ 31,800 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.
€ 345
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10,000
Loans from banks and other lenders, long and short.
€ 102,845
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 358,443
▲ € 337,880 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 37,668 | € 382,148 | € -141,703 | € 311,157 | ▲ € 452,860 |
| Profit after taxes | € -112,183 | € 208,788 | € -264,551 | € -60,641 | ▲ € 203,910 |
| Equity | € 122,473 | € 331,261 | € 66,710 | € 6,069 | ▼ 91% |
| Total debts | € 1,220,837 | € 1,649,556 | € 1,195,970 | € 1,437,106 | ▲ 20% |
| Cash | € 103,288 | € 61,312 | € 11,723 | € 1,736 | ▼ 85% |
| Retained profit | € -1,910,254 | € -1,701,466 | € -1,966,017 | € -2,026,658 | ▼ € 60,641 |
| Bank debt | € 10,000 | € 10,000 | € 10,000 | € 10,000 | |
| Balance sheet total | € 1,343,310 | € 1,980,817 | € 1,262,680 | € 1,443,175 | ▲ 14% |
| Employees (FTE) | 2.3 | 2.3 | 1.4 | 1.1 | ▼ 0.3 |
Key figures of VERMEERSCH CONSTRUCT, 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 January 2027.
What happened to VERMEERSCH CONSTRUCT?
What happened at VERMEERSCH CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
VERMEERSCH CONSTRUCT is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 60,641. filed late Source: NBB ↗
- New establishment in Ternat. KBO
- Start of the company according to the CBE. KBO
In short
From € 112,183 loss in 2022 to € 60,641 loss in 2025.
Paid € 321,195 in corporate taxes since 2022.
Best year ever: 2023, with € 208,788 profit.
On average € 282,900 of value added per employee in 2025.
Management
The stake of IMMOBRA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERMEERSCH CONSTRUCTBehind VERMEERSCH CONSTRUCT are Svea Vermeersch, Sabine Vermeersch and Katrien Vermeersch. The shares are held by IMMOBRA.
Directors
According to the 2025 annual accounts
Sabine Vermeersch
bestuurder
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Assesteenweg 25-29
1740 Ternat
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Sodeal
€ 2.5 million gross margin · 2025
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€ 104,186 gross margin · 2025
BRAVERIMMO same network
€ 169,573 gross margin · 2024
AKZ CONCEPT
€ 125,521 revenue · 2025
XAFAX BELGIUM
€ 487,107 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.111.444
- VAT number
- BE 0421.111.444
- Registered office
- Assesteenweg 25-29, 1740 Ternat
- Names & denominations
- VERMEERSCH CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 24 October 1980
- Peppol
- Active · Active since 13 Mar 2026
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Handel in eigen onroerend goed
Handel in onroerend goed