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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VERMABO from Kuurne, company number BE0426200578, closed financial year 2025 with a result of € -17,815 after tax. For that financial year VERMABO recorded a gross margin of € 26,457 and equity of € 283,812. Compared with financial year 2024, the result moved from € -25,485 to € -17,815. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 283,812
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,815
▲ 30 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,977
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 71,812.
People and assets in 2025
€ 24,806
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 225,789
▼ 4% vs 2024
€ 9,542 is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 1,021
▼ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,393 | € 158,107 | € 22,553 | € 26,457 | ▲ 17% |
| Profit after taxes | € 3,074 | € 877 | € -25,485 | € -17,815 | ▲ € 7,670 |
| Equity | € 316,134 | € 317,011 | € 291,526 | € 283,812 | ▼ 3% |
| Total debts | € 113,071 | € 636,979 | € 624,126 | € 605,147 | ▼ 3% |
| Cash | € 34,423 | € 8,398 | € 13,124 | € 2,977 | ▼ 77% |
| Land & buildings | € 303,238 | € 265,813 | € 319,622 | € 304,405 | ▼ 5% |
| Retained profit | € 104,134 | € 105,011 | € 79,526 | € 71,812 | ▼ 10% |
| Dividend | € 800 | € 0 | € 0 | € 0 | |
| Bank debt | € 4,411 | € 243,680 | € 234,928 | € 225,789 | ▼ 4% |
| Balance sheet total | € 457,199 | € 979,789 | € 940,198 | € 902,667 | ▼ 4% |
Key figures of VERMABO, fiscal years 2021 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 VERMABO?
What happened at VERMABO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,815. Source: NBB ↗
- Frank Maertens became a director. NBB
- Marleen Maertens became a director. NBB
- Frans Maertens became a director. NBB
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,074 profit in 2021 to € 17,815 loss in 2025.
Paid € 4,351 in corporate taxes since 2021.
Best year ever: 2021, with € 3,074 profit.
Paid out € 800 in dividends to the owners in total.
Management
Behind VERMABO are Frank Maertens, Marleen Maertens and Frans Maertens. Frank Maertens is also behind Hestia MIF².
Directors
According to the 2025 annual accounts
since 2022
Marleen Maertens
Director
since 2022
Frans Maertens
Director
since 2005
Establishments
Establishment units
Physical locations of this company
Bloemenhof 7
8520 Kuurne
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
- 0426.200.578
- VAT number
- BE 0426.200.578
- Registered office
- Bloemenhof 7, 8520 Kuurne
- Names & denominations
- VERMABO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1984
- Peppol
- Active · Active since 28 Mar 2024
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