Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4 to 0.
Financials
Financial year 2025
VERMEULEN CONSTRUCT from Ieper, company number BE0470013894, closed financial year 2025 with a result of € 24,017 after tax. For that financial year VERMEULEN CONSTRUCT recorded a gross margin of € 183,535 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -16,093 to € 24,017. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 1.2 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,017
▲ still € 16,093 loss in 2024
Profit after tax over the fiscal year.
€ 99,624
▲ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 95,226 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 186,697
▼ 13% vs 2024
€ 20,769 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 739
▼ 79% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 476,750 | € 245,904 | € 211,440 | € 183,535 | ▼ 13% |
| Profit after taxes | € 61,059 | € -105,650 | € -16,093 | € 24,017 | ▲ € 40,110 |
| Equity | € 1,454,188 | € 1,348,538 | € 1,304,839 | € 1,233,631 | ▼ 5% |
| Total debts | € 739,081 | € 801,148 | € 402,055 | € 371,383 | ▼ 8% |
| Cash | € 66,493 | € 272,978 | € 70,405 | € 99,624 | ▲ 42% |
| Land & buildings | € 1,267,603 | € 1,180,457 | € 1,106,834 | € 1,034,970 | ▼ 6% |
| Retained profit | € 1,329,188 | € 1,223,538 | € 1,179,839 | € 1,108,631 | ▼ 6% |
| Dividend | € 0 | € 0 | € 27,606 | € 95,226 | ▲ 245% |
| Bank debt | € 504,227 | € 430,862 | € 214,478 | € 186,697 | ▼ 13% |
| Balance sheet total | € 2,193,269 | € 2,149,687 | € 1,706,895 | € 1,605,014 | ▼ 6% |
| Employees (FTE) | 5.3 | 4 | 1 | 0 | ▼ 1 |
Key figures of VERMEULEN CONSTRUCT, 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 VERMEULEN CONSTRUCT?
What happened at VERMEULEN CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,017. Source: NBB ↗
- Conny Adriaen became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 61,059 profit in 2022 to € 24,017 profit in 2025.
Paid € 46,480 in corporate taxes since 2022.
Best year ever: 2022, with € 61,059 profit.
On average € 211,400 of value added per employee in 2024.
Management
Behind VERMEULEN CONSTRUCT are Hein Vermeulen, Conny Adriaen and Geert Vermeulen. Conny Adriaen is also behind BROUWERIJ ADRIAENSEN. Geert Vermeulen is also behind VERMEULEN.
Directors
According to the 2025 annual accounts
Hein Vermeulen
Director
since 2026
Establishments
Establishment units
Physical locations of this company
Bargiestraat 1A
8900 Ieper
Bargiestraat 1 A
8900 Ieper
Active since 7 March 2000
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
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0470.013.894
- VAT number
- BE 0470.013.894
- Registered office
- Bargiestraat 1A, 8900 Ieper
- Names & denominations
- VERMEULEN CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2000
- Peppol
- Active · Active since 28 Aug 2023
- Contact
- vermeulenconstruct.be
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