VERMO is a property company in Torhout. Public Limited, started on 8 October 1991, 1 establishment.

What is the address of VERMO?

The registered office of VERMO is located at Oostendestraat 280, 8820 Torhout.

Is VERMO still active?

Yes. According to the CBE (30 October 2026) VERMO is active, legal situation “Normale toestand”, started on 8 October 1991.

Is VERMO registered on Peppol?

Yes, VERMO is registered on the Peppol network with ID 0208:0445391831.

What is the enterprise number of VERMO?

The enterprise number of VERMO is BE0445391831.

When was VERMO founded?

VERMO was founded on 8 October 1991.

Who are the directors of VERMO?

According to the 2025 annual accounts, the directors of VERMO are: Wendy Verhaeghe, Luc Verhaeghe, Davy Verhaeghe, Rita Mortier.

Is VERMO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 October 1991; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did VERMO make in 2025?

VERMO posted a profit after taxes of € 556,605 in financial year 2025.

What is the revenue of VERMO?

As a small company, VERMO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,123,223.

How many employees does VERMO have?

According to the 2025 annual accounts, VERMO has 0 full-time equivalents (FTE).

VERMO (Public Limited) - Torhout - BE0445391831

Dossier VERMO, printed on 30 October 2026 from databakkes.be/en/0445391831/vermo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

VERMO from Torhout, company number BE0445391831, closed financial year 2025 with a result of € 556,605 after tax. For that financial year VERMO recorded a gross margin of € 1.1 million and equity of € 4.3 million. Compared with financial year 2024, the result moved from € 562,243 to € 556,605. 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 July 14, 2026.

What it is worth Growing

€ 4.3 million

▲ 15% vs 2024

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

Profit Healthy

€ 556,605

▼ 1% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 170,619

▲ 116% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 3.8 million.

People and assets in 2025

Full-time equivalents

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

Vehicles and equipment

€ 14,526

▼ 7% 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.

€ 354,959

▼ 37% vs 2024

€ 201,631 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 4,888

▲ € 4,150 vs 2024

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

Taxes

€ 130,506

▲ 95% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,051,174 Gross margin 2022: € 1,051,174 First fiscal year in the series	€ 1,081,757 Gross margin 2023: € 1,081,757 ▲ 3% vs 2022 (€ 1,051,174) Favourable step	€ 1,125,742 Gross margin 2024: € 1,125,742 ▲ 4% vs 2023 (€ 1,081,757) Favourable step	€ 1,123,223 Gross margin 2025: € 1,123,223 Unchanged (€ 1,125,742) Unfavourable step
Profit after taxes	€ 497,796 Profit after taxes 2022: € 497,796 First fiscal year in the series	€ 562,941 Profit after taxes 2023: € 562,941 ▲ 13% vs 2022 (€ 497,796) Favourable step	€ 562,243 Profit after taxes 2024: € 562,243 Unchanged (€ 562,941) Unfavourable step	€ 556,605 Profit after taxes 2025: € 556,605 ▼ 1% vs 2024 (€ 562,243) Unfavourable step	▼ 1%
Equity	€ 2,877,721 Equity 2022: € 2,877,721 First fiscal year in the series	€ 3,440,662 Equity 2023: € 3,440,662 ▲ 20% vs 2022 (€ 2,877,721) Favourable step	€ 3,702,905 Equity 2024: € 3,702,905 ▲ 8% vs 2023 (€ 3,440,662) Favourable step	€ 4,259,510 Equity 2025: € 4,259,510 ▲ 15% vs 2024 (€ 3,702,905) Favourable step	▲ 15%
Total debts	€ 1,513,715 Total debts 2022: € 1,513,715 First fiscal year in the series	€ 964,591 Total debts 2023: € 964,591 ▼ 36% vs 2022 (€ 1,513,715) Favourable step	€ 994,451 Total debts 2024: € 994,451 ▲ 3% vs 2023 (€ 964,591) Unfavourable step	€ 728,735 Total debts 2025: € 728,735 ▼ 27% vs 2024 (€ 994,451) Favourable step	▼ 27%
Cash	€ 536,703 Cash 2022: € 536,703 First fiscal year in the series	€ 234,125 Cash 2023: € 234,125 ▼ 56% vs 2022 (€ 536,703) Unfavourable step	€ 79,143 Cash 2024: € 79,143 ▼ 66% vs 2023 (€ 234,125) Unfavourable step	€ 170,619 Cash 2025: € 170,619 ▲ 116% vs 2024 (€ 79,143) Favourable step	▲ 116%
Land & buildings	€ 3,833,283 Land & buildings 2022: € 3,833,283 First fiscal year in the series	€ 3,634,328 Land & buildings 2023: € 3,634,328 ▼ 5% vs 2022 (€ 3,833,283) Unchanged	€ 3,435,608 Land & buildings 2024: € 3,435,608 ▼ 5% vs 2023 (€ 3,634,328) Unchanged	€ 3,276,277 Land & buildings 2025: € 3,276,277 ▼ 5% vs 2024 (€ 3,435,608) Unchanged	▼ 5%
Retained profit	€ 2,402,721 Retained profit 2022: € 2,402,721 First fiscal year in the series	€ 2,965,662 Retained profit 2023: € 2,965,662 ▲ 23% vs 2022 (€ 2,402,721) Favourable step	€ 3,227,905 Retained profit 2024: € 3,227,905 ▲ 9% vs 2023 (€ 2,965,662) Favourable step	€ 3,784,510 Retained profit 2025: € 3,784,510 ▲ 17% vs 2024 (€ 3,227,905) Favourable step	▲ 17%
Dividend	€ 150,000 Dividend 2022: € 150,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 150,000) Unchanged	€ 300,000 Dividend 2024: € 300,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 300,000) Unchanged	▼ 100%
Bank debt	€ 1,167,888 Bank debt 2022: € 1,167,888 First fiscal year in the series	€ 763,718 Bank debt 2023: € 763,718 ▼ 35% vs 2022 (€ 1,167,888) Favourable step	€ 559,131 Bank debt 2024: € 559,131 ▼ 27% vs 2023 (€ 763,718) Favourable step	€ 354,959 Bank debt 2025: € 354,959 ▼ 37% vs 2024 (€ 559,131) Favourable step	▼ 37%
Balance sheet total	€ 4,432,484 Balance sheet total 2022: € 4,432,484 First fiscal year in the series	€ 4,435,356 Balance sheet total 2023: € 4,435,356 Unchanged (€ 4,432,484) Unchanged	€ 4,716,511 Balance sheet total 2024: € 4,716,511 ▲ 6% vs 2023 (€ 4,435,356) Unchanged	€ 4,996,454 Balance sheet total 2025: € 4,996,454 ▲ 6% vs 2024 (€ 4,716,511) Unchanged	▲ 6%

Key figures of VERMO, 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 VERMO?

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

Jul 14, 2026 New annual accounts for financial year 2025: profit of € 556,605 (▼ 1% vs 2024). Source: NBB ↗
Dec 2, 1991 New establishment in Torhout. KBO
Oct 8, 1991 Start of the company according to the CBE. KBO

In short

From € 497,796 profit in 2022 to € 556,605 profit in 2025.

Paid € 1 million in corporate taxes since 2022.

Best year ever: 2023, with € 562,941 profit.

Paid out € 450,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Wendy Verhaeghe Luc Verhaeghe Davy Verhaeghe Rita Mortier

UNITED BALANCE

VERMO

D.V. Invest

MARIELE INVEST

Behind VERMO are Wendy Verhaeghe, Luc Verhaeghe, Davy Verhaeghe and Rita Mortier. Wendy Verhaeghe is also behind UNITED BALANCE. Davy Verhaeghe is also behind D.V. Invest, MARIELE INVEST and Schollier-Verhaeghe Dakafdichtingen.

Directors

According to the 2025 annual accounts

Wendy Verhaeghe

Director

Also active at: UNITED BALANCE

Luc Verhaeghe

Managing director

Davy Verhaeghe

Director

Also active at: D.V. Invest, MARIELE INVEST, Schollier-Verhaeghe Dakafdichtingen

Rita Mortier

Managing director

Establishments

Establishment units

Physical locations of this company

Registered office

Oostendestraat 280

8820 Torhout

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 →

VERMO

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

Details

Company number: 0445.391.831
VAT number: BE 0445.391.831
Registered office: Oostendestraat 280, 8820 Torhout
Names & denominations: VERMO
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 8 October 1991
Peppol: Active · Active since 21 Oct 2026
Activities · NACE: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

VERMO

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Financials

What happened to VERMO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions