Financials
Financial year 2025
Verellen Projects from Waasmunster, company number BE0673728544, closed financial year 2025 with a result of € 64,525 after tax. For that financial year Verellen Projects recorded a gross margin of € 112,895 and equity of € 235,120. Compared with financial year 2024, the result moved from € 121,601 to € 64,525. 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 16, 2026.
€ 235,120
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,525
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 3
▼ € 29,180 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 216,520.
Debts at end 2025
€ 266,698
▼ 9% vs 2024
€ 25,812 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 12,753
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,934
▲ 84% 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 | € 42,325 | € 110,772 | € 188,099 | € 112,895 | ▼ 40% |
| Profit after taxes | € 13,483 | € 10,161 | € 121,601 | € 64,525 | ▼ 47% |
| Equity | € 38,833 | € 48,994 | € 170,595 | € 235,120 | ▲ 38% |
| Total debts | € 426,942 | € 949,020 | € 452,252 | € 341,221 | ▼ 25% |
| Cash | € 13,052 | € 13,018 | € 29,182 | € 3 | ▼ € 29,180 |
| Land & buildings | € 413,947 | € 897,853 | € 495,269 | € 485,485 | ▼ 2% |
| Retained profit | € 20,233 | € 30,394 | € 151,995 | € 216,520 | ▲ 42% |
| Bank debt | € 341,171 | € 316,822 | € 292,012 | € 266,698 | ▼ 9% |
| Balance sheet total | € 465,775 | € 998,014 | € 634,615 | € 587,712 | ▼ 7% |
Key figures of Verellen Projects, 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 Verellen Projects?
What happened at Verellen Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 64,525 (▼ 47% vs 2024). Source: NBB ↗
- Timothy Verellen became a director. NBB
- New establishment in Waasmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,483 profit in 2022 to € 64,525 profit in 2025.
Paid € 68,713 in corporate taxes since 2022.
Best year ever: 2024, with € 121,601 profit.
Management
Behind Verellen Projects is Timothy Verellen.
Directors
According to the 2025 annual accounts
Timothy Verellen
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Groenselstraat 57 A
9250 Waasmunster
Groenselstraat 57 box A
9250 Waasmunster
Active since 1 April 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0673.728.544
- VAT number
- BE 0673.728.544
- Registered office
- Groenselstraat 57 A, 9250 Waasmunster
- Names & denominations
- Verellen Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2017
- Peppol
- Active · Active since 31 Oct 2023
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