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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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 18.8 to 16.6.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
VERMAELEN L. & C° from Stabroek, company number BE0435296111, closed financial year 2024 with a result of € 52,791 after tax. For that financial year VERMAELEN L. & C° recorded a gross margin of € 1.4 million and equity of € 228,345. Compared with financial year 2023, the result moved from € -176,286 to € 52,791. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2025.
€ 228,345
▲ 30% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,791
▲ still € 176,286 loss in 2023
Profit after tax over the fiscal year.
€ 26,286
▼ 7% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 201,638.
People and assets in 2024
16.6
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 6% vs 2023
€ 71,600 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.
€ 29,672
▼ 51% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2 million
▼ 6% vs 2023
€ 149,478 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▲ 168% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 383,378
▼ 9% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,168,311 | € 1,249,473 | € 1,150,721 | € 1,392,501 | ▲ 21% |
| Profit after taxes | € 42,394 | € -53,481 | € -176,286 | € 52,791 | ▲ € 229,078 |
| Equity | € 405,320 | € 351,840 | € 175,553 | € 228,345 | ▲ 30% |
| Total debts | € 3,219,996 | € 3,481,794 | € 3,299,521 | € 3,893,099 | ▲ 18% |
| Cash | € 59,093 | € 21,723 | € 28,204 | € 26,286 | ▼ 7% |
| Land & buildings | € 1,812 | € 17,354 | € 15,521 | € 13,687 | ▼ 12% |
| Retained profit | € 378,614 | € 325,133 | € 148,847 | € 201,638 | ▲ 35% |
| Dividend | € 40,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,853,117 | € 1,982,206 | € 2,134,133 | € 2,011,266 | ▼ 6% |
| Balance sheet total | € 3,625,317 | € 3,833,634 | € 3,475,075 | € 4,121,444 | ▲ 19% |
| Employees (FTE) | 16.8 | 18.8 | 17.4 | 16.6 | ▼ 0.8 |
Key figures of VERMAELEN L. & C°, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to VERMAELEN L. & C°?
What happened at VERMAELEN L. & C° in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
VERMAELEN L. & C° is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: profit of € 52,791. filed late Source: NBB ↗
- FHRI BV became a director. NBB
- New establishment in Stabroek. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,394 profit in 2021 to € 52,791 profit in 2024.
Paid € 17,638 in corporate taxes since 2021.
Best year ever: 2024, with € 52,791 profit.
On average € 83,900 of value added per employee in 2024.
Management
The stake of FHRI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERMAELEN L. & C°Behind VERMAELEN L. & C° is FHRI BV. The shares are held by FHRI (99.9%).
Directors
According to the 2024 annual accounts
Director · represented by Bjorn LANCKBEEN
Also active at: Gebroeders Deliën, NIVO INSTALL, FROST KOELTECHNIEK
since 2015
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Conservenweg 15D
2940 Stabroek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0435.296.111
- VAT number
- BE 0435.296.111
- Registered office
- Conservenweg 15D, 2940 Stabroek
- Names & denominations
- VERMAELEN L. & C°
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 16 September 1988
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- vermaelenbvba.be 03 568 76 27
- Activities · NACE
Sanitaire werkzaamheden
Overig loodgieterswerk