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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Vergalle from Oudenaarde, company number BE0436265517, closed financial year 2025 with a result of € 7.4 million after tax. For that financial year Vergalle recorded revenue of € 181.7 million and equity of € 77.2 million. Compared with financial year 2024, the result moved from € 2.3 million to € 7.4 million. Profitable, and profit is growing. 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 July 16, 2026.
€ 77.2 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.4 million
▲ 222% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.7 million paid out
50 % of the profit went to the shareholders, mostly to Vergalle Invest NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
16
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▼ 1% vs 2024
€ 110,900 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.
€ 12.1 million
▲ € 11.1 million vs 2024
Of which on lease € 12 million.
Debts at end 2025
€ 24.2 million
▲ € 20.4 million vs 2024
€ 740,116 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 35.1 million
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 2.1 million
▲ 76% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 255,673,743 | € 208,479,519 | € 178,967,348 | € 181,713,242 | ▲ 2% |
| Profit after taxes | € 5,745,144 | € 11,375,775 | € 2,306,859 | € 7,435,269 | ▲ 222% |
| Equity | € 65,966,763 | € 71,142,538 | € 73,449,398 | € 77,184,666 | ▲ 5% |
| Total debts | € 76,480,446 | € 43,717,225 | € 35,067,818 | € 69,078,803 | ▲ 97% |
| Cash | € 1,884,976 | € 322,628 | € 990,948 | € 1,602,029 | ▲ 62% |
| Land & buildings | € 3,434,848 | € 3,274,375 | € 3,113,972 | € 2,953,570 | ▼ 5% |
| Retained profit | € 65,466,763 | € 70,642,538 | € 72,949,398 | € 76,684,666 | ▲ 5% |
| Dividend | € 0 | € 6,200,000 | € 0 | € 3,700,000 | |
| Bank debt | € 44,705,127 | € 10,262,592 | € 3,780,237 | € 24,157,993 | ▲ € 20.4 million |
| Balance sheet total | € 142,454,509 | € 114,867,063 | € 108,524,516 | € 146,264,219 | ▲ 35% |
| Employees (FTE) | 16.7 | 16.4 | 16.4 | 16 | ▼ 0.4 |
Key figures of Vergalle, 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 Vergalle?
What happened at Vergalle in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ciskon BV stepped down as director. NBB
- Vergalle Invest NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.4 million (▲ 222% vs 2024). Source: NBB ↗
- LV-Consulting BV stepped down as director. NBB
- Veka Consult BV stepped down as director. NBB
- New establishment in Kluisbergen. KBO
- Vergalle Invest NV became a director. NBB
- Ciskon BV became a director. NBB
In short
From € 5.7 million profit in 2022 to € 7.4 million profit in 2025.
Paid € 7.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 11.4 million profit.
Paid out € 9.9 million in dividends to the owners in total.
Management
The shares are held by Vergalle Invest NV (100%) and Frank Vergalle (0%).
Directors
According to the 2025 annual accounts
Director · represented by Lieven Vergalle
Also active at: AVASCO INDUSTRIES, MIMMO, VERGALLE INVEST, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR
since 2020 · until 2026
Director · represented by Kaatje Vergalle
Also active at: AVASCO INDUSTRIES, MIMMO, VERGALLE INVEST
since 2020 · until 2026
Director · represented by Francis Vergalle
Also active at: AVASCO INDUSTRIES, MIMMO, VERGALLE INVEST, Steel Service Center Oudenaarde
since 2022 · until 2028
Managing director · represented by Frank Vergalle
Owns 19.8% via Vergalle Invest NV
Also active at: STOKOTA, CAFMEYER, AVASCO INDUSTRIES, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR, Steel Service Center Oudenaarde
since 2023 · until 2028
Shareholders
Vergalle Invest NV · holding of Vergalle Invest NV
100%
Frank Vergalle
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Berchemweg 75
9700 Oudenaarde
Stroomlaan 14
9690 Kluisbergen
Active since 27 May 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
- 0436.265.517
- VAT number
- BE 0436.265.517
- Registered office
- Berchemweg 75, 9700 Oudenaarde
- Names & denominations
- Vergalle
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bewerken van metaal en poedermetallurgie
Persen, stampen en profielwalsen van metaal
Verspanend bewerken van metalen
Algemene metaalbewerking
Persen, stampen en profielwalsen van metaal; poedermetallurgie