What does VERMEULEN do?

VERMEULEN is an electrical contractor in Ieper. Private Limited, started on 25 August 1998, 1 establishment.

What is the address of VERMEULEN?

The registered office of VERMEULEN is located at Bargiestraat 1 box A, 8900 Ieper.

Is VERMEULEN still active?

Yes. According to the CBE (29 October 2026) VERMEULEN is active, legal situation “Normale toestand”, started on 25 August 1998.

Is VERMEULEN registered on Peppol?

Yes, VERMEULEN is registered on the Peppol network with ID 0208:0463957730.

What is the enterprise number of VERMEULEN?

The enterprise number of VERMEULEN is BE0463957730.

When was VERMEULEN founded?

VERMEULEN was founded on 25 August 1998.

Who are the directors of VERMEULEN?

According to the 2025 annual accounts, the directors of VERMEULEN are: Geert Vermeulen.

Is VERMEULEN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 August 1998; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did VERMEULEN make in 2025?

VERMEULEN posted a profit after taxes of € 196,690 in financial year 2025.

What is the revenue of VERMEULEN?

As a small company, VERMEULEN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 843,359.

How much does an employee at VERMEULEN earn?

The average wage cost per full-time employee at VERMEULEN was € 60,400 in 2025: staff costs of € 428,921 for 7.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VERMEULEN have?

According to the 2025 annual accounts, VERMEULEN has 7.1 full-time equivalents (FTE).

VERMEULEN (Private Limited) - Ieper - BE0463957730

Dossier VERMEULEN, printed on 29 October 2026 from databakkes.be/en/0463957730/vermeulen. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

VERMEULEN from Ieper, company number BE0463957730, closed financial year 2025 with a result of € 196,690 after tax. For that financial year VERMEULEN recorded a gross margin of € 843,359 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 170,823 to € 196,690. 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 February 19, 2026.

What it is worth Growing

€ 1.6 million

▲ 14% vs 2024

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

Profit Growing

€ 196,690

▲ 15% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 265,606

▲ 96% 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 € 1.5 million.

People and assets in 2025

Full-time equivalents

7.1

▲ 2 vs 2024

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

Wage cost

€ 428,921

▲ 43% vs 2024

€ 60,400 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.

Vehicles and equipment

€ 19,609

▼ 46% 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.

€ 85,777

▼ 46% vs 2024

€ 36,374 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 676,251

▲ € 560,482 vs 2024

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

Taxes and wages

€ 41,528

▼ 49% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 409,017 Gross margin 2022: € 409,017 First fiscal year in the series	€ 269,319 Gross margin 2023: € 269,319 ▼ 34% vs 2022 (€ 409,017) Unfavourable step	€ 620,141 Gross margin 2024: € 620,141 ▲ 130% vs 2023 (€ 269,319) Favourable step	€ 843,359 Gross margin 2025: € 843,359 ▲ 36% vs 2024 (€ 620,141) Favourable step	▲ 36%
Profit after taxes	€ 130,833 Profit after taxes 2022: € 130,833 First fiscal year in the series	€ 8,739 Profit after taxes 2023: € 8,739 ▼ 93% vs 2022 (€ 130,833) Unfavourable step	€ 170,823 Profit after taxes 2024: € 170,823 ▲ € 162,084 vs 2023 (€ 8,739) Favourable step	€ 196,690 Profit after taxes 2025: € 196,690 ▲ 15% vs 2024 (€ 170,823) Favourable step	▲ 15%
Equity	€ 1,355,274 Equity 2022: € 1,355,274 First fiscal year in the series	€ 1,364,013 Equity 2023: € 1,364,013 ▲ 1% vs 2022 (€ 1,355,274) Favourable step	€ 1,402,420 Equity 2024: € 1,402,420 ▲ 3% vs 2023 (€ 1,364,013) Favourable step	€ 1,599,110 Equity 2025: € 1,599,110 ▲ 14% vs 2024 (€ 1,402,420) Favourable step	▲ 14%
Total debts	€ 1,131,571 Total debts 2022: € 1,131,571 First fiscal year in the series	€ 331,458 Total debts 2023: € 331,458 ▼ 71% vs 2022 (€ 1,131,571) Favourable step	€ 737,925 Total debts 2024: € 737,925 ▲ 123% vs 2023 (€ 331,458) Unfavourable step	€ 913,862 Total debts 2025: € 913,862 ▲ 24% vs 2024 (€ 737,925) Unfavourable step	▲ 24%
Cash	€ 52,264 Cash 2022: € 52,264 First fiscal year in the series	€ 61,925 Cash 2023: € 61,925 ▲ 18% vs 2022 (€ 52,264) Favourable step	€ 135,255 Cash 2024: € 135,255 ▲ 118% vs 2023 (€ 61,925) Favourable step	€ 265,606 Cash 2025: € 265,606 ▲ 96% vs 2024 (€ 135,255) Favourable step	▲ 96%
Land & buildings	€ 660,000 Land & buildings 2022: € 660,000 First fiscal year in the series	-	-	€ 11,605 Land & buildings 2025: € 11,605 First fiscal year in the series
Retained profit	€ 1,287,103 Retained profit 2022: € 1,287,103 First fiscal year in the series	€ 1,295,842 Retained profit 2023: € 1,295,842 ▲ 1% vs 2022 (€ 1,287,103) Favourable step	€ 1,334,249 Retained profit 2024: € 1,334,249 ▲ 3% vs 2023 (€ 1,295,842) Favourable step	€ 1,530,939 Retained profit 2025: € 1,530,939 ▲ 15% vs 2024 (€ 1,334,249) Favourable step	▲ 15%
Dividend	€ 108,543 Dividend 2022: € 108,543 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 108,543) Unchanged	€ 132,415 Dividend 2024: € 132,415 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 132,415) Unchanged	▼ 100%
Bank debt	€ 778,618 Bank debt 2022: € 778,618 First fiscal year in the series	€ 125,269 Bank debt 2023: € 125,269 ▼ 84% vs 2022 (€ 778,618) Favourable step	€ 159,201 Bank debt 2024: € 159,201 ▲ 27% vs 2023 (€ 125,269) Unfavourable step	€ 85,777 Bank debt 2025: € 85,777 ▼ 46% vs 2024 (€ 159,201) Favourable step	▼ 46%
Balance sheet total	€ 2,486,845 Balance sheet total 2022: € 2,486,845 First fiscal year in the series	€ 1,695,471 Balance sheet total 2023: € 1,695,471 ▼ 32% vs 2022 (€ 2,486,845) Unchanged	€ 2,140,345 Balance sheet total 2024: € 2,140,345 ▲ 26% vs 2023 (€ 1,695,471) Unchanged	€ 2,512,972 Balance sheet total 2025: € 2,512,972 ▲ 17% vs 2024 (€ 2,140,345) Unchanged	▲ 17%
Employees (FTE)	1.5 Employees (FTE) 2022: 1.5 First fiscal year in the series	3.2 Employees (FTE) 2023: 3.2 ▲ 1.7 vs 2022 (1.5) Unchanged	5.1 Employees (FTE) 2024: 5.1 ▲ 1.9 vs 2023 (3.2) Unchanged	7.1 Employees (FTE) 2025: 7.1 ▲ 2 vs 2024 (5.1) Unchanged	▲ 2

Key figures of VERMEULEN, 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 January 2027.

What happened to VERMEULEN?

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

Feb 19, 2026 New annual accounts for financial year 2025: profit of € 196,690 (▲ 15% vs 2024). filed late Source: NBB ↗
Sep 30, 1998 New establishment in Ieper. KBO
Aug 25, 1998 Start of the company according to the CBE. KBO
1998 Geert Vermeulen became a director. NBB

In short

From € 130,833 profit in 2022 to € 196,690 profit in 2025.

Paid € 211,701 in corporate taxes since 2022.

Best year ever: 2025, with € 196,690 profit.

On average € 118,800 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Geert Vermeulen

VERMEULEN

VERMEULEN CONSTRUCT

Behind VERMEULEN is Geert Vermeulen. Geert Vermeulen is also behind VERMEULEN CONSTRUCT.

Directors

According to the 2025 annual accounts

Geert Vermeulen

Director

Also active at: VERMEULEN CONSTRUCT

since 1998

Establishments

Establishment units

Physical locations of this company

Registered office

Bargiestraat 1 box A

8900 Ieper

2.088.601.327

Bargiestraat 1 A

8900 Ieper

Active since 30 September 1998

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 →

BIO BLUE IEPER

€ 4.1 million gross margin · 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

0463.957.730

VAT number

BE 0463.957.730

Registered office

Bargiestraat 1 bus A, 8900 Ieper

Names & denominations

VERMEULEN

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 August 1998

Peppol

Active · Active since 2 Oct 2025

Activities · NACE

Algemene elektrotechnische installatiewerken

Elektrische installatie

View on CBE Public ↗ Annual accounts (NBB) ↗

VERMEULEN

Financials

What happened to VERMEULEN?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions