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 9 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
VERMACO from Knokke-Heist, company number BE0454737879, closed financial year 2025 with a result of € -36,354 after tax. For that financial year VERMACO recorded a gross margin of € 47,744 and equity of € 317,666. Compared with financial year 2024, the result moved from € -30,554 to € -36,354. 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 29, 2026.
€ 317,666
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,354
▼ 19 % more loss than in 2024
Profit after tax over the fiscal year.
€ 5,141
▲ € 5,134 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -517,334.
People and assets in 2025
€ 4,000
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 25,917
▼ 27% vs 2024
€ 8,891 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 474
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 530
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 33,499 | € 38,218 | € 52,099 | € 47,744 | ▼ 8% |
| Profit after taxes | € -39,424 | € -31,722 | € -30,554 | € -36,354 | ▼ € 5,800 |
| Equity | € 416,297 | € 384,574 | € 354,020 | € 317,666 | ▼ 10% |
| Total debts | € 901,349 | € 959,697 | € 965,474 | € 945,174 | ▼ 2% |
| Cash | € 4,708 | € 0 | € 6 | € 5,141 | ▲ € 5,134 |
| Land & buildings | € 1,282,341 | € 1,314,706 | € 1,292,965 | € 1,233,935 | ▼ 5% |
| Retained profit | € -418,703 | € -450,426 | € -480,980 | € -517,334 | ▼ € 36,354 |
| Bank debt | € 702,672 | € 697,121 | € 35,373 | € 25,917 | ▼ 27% |
| Balance sheet total | € 1,317,646 | € 1,344,271 | € 1,319,494 | € 1,262,841 | ▼ 4% |
Key figures of VERMACO, 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 April 2027.
What happened to VERMACO?
What happened at VERMACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 36,354. Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Ignace Vermaele became a director. NBB
- Hilde Rijckaert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 39,424 loss in 2022 to € 36,354 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind VERMACO are Ignace Vermaele and Hilde Rijckaert.
Directors
According to the 2025 annual accounts
Ignace Vermaele
Director
since 1995
Hilde Rijckaert
Director
since 1995
Establishments
Establishment units
Physical locations of this company
Zeedijk-Heist 104 box 7
8301 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0454.737.879
- VAT number
- BE 0454.737.879
- Registered office
- Zeedijk-Heist 104 bus 7, 8301 Knokke-Heist
- Names & denominations
- VERMACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 1995
- Peppol
- Not registered