VERMAX
ActiveVERMAX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €137k and a net result of €22k. Equity is growing by ~40.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+2
Solvency72▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.57 in 2023; short-term debt: 50% and cash: 2.7% of total assets), but 52.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-05-2025, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
83 d early
2023
30 d late
2022
43 d late
2021
28 d early
2020
2 d early
2019
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€137k▲ 19.1%
2023 · €115k
2019: €19k
2020: €20k
2021: €21k
2022: €98k
2023: €115k
2019 → 2024
Total assets
€290k▲ 3.4%
2023 · €280k
2019: €206k
2020: €206k
2021: €203k
2022: €300k
2023: €280k
2019 → 2024
Net result
€22k▲ 31.6%
2023 · €17k
2019: €1k
2020: €2k
2021: €487
2022: €80k
2023: €17k
2019 → 2024
Working capital
€110k▲ 31.6%
2023 · €84k
2019: €-179k
2020: €7k
2021: €-14k
2022: €56k
2023: €84k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€20k-€21k▲ 2.4%€98k▲ 369%€115k▲ 17.0%€137k▲ 19.1%
Operating result€6k-€4k▼ 35.7%€100k▲ 2,299%€26k▼ 73.9%€34k▲ 30.3%
Net result€2k-€487▼ 67.9%€80k▲ 16,432%€17k▼ 79.3%€22k▲ 31.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 30% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €290k
Fixed assets
€35k▼ 28.4%
Current assets
€255k▲ 10.1%
Equity and liabilities €290k
Equity
€137k▲ 19.1%
Debt
€153k▼ 7.4%
The debt ratio falls from 58.9% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▲
2023 · €52k
Cash flow
€41k▼
2023 · €43k
Solvency
47.3%▲
2023 · 41.1%
Current ratio
1.76▲
2023 · 1.57
Quick ratio
1.33▲
2023 · 1.18
Debt / equity
1.12▼
2023 · 1.44
ROE
16.0%▲
2023 · 14.5%
ROA
7.6%▲
2023 · 6.0%
Interest coverage
18.64▼
2023 · 21.82
Debt
€153k▼
2023 · €165k
Debt ≤ 1 year
€145k▼
2023 · €148k
Debt > 1 year
€8k▼
2023 · €17k
Income taxes
€9k▲
2023 · €7k
Staff costs
€30k▼
2023 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€280k€290k▲
Fixed assets21/28€48k€35k▼
Tangible fixed assets22/27€48k€35k▼
Plant, machinery and equipment23€1k€6k▲
Furniture and vehicles24€35k€20k▼
Other tangible fixed assets26€12k€9k▼
Current assets29/58€232k€255k▲
Stocks and contracts in progress3€58k€62k▲
Stocks30/36€58k€62k▲
Amounts receivable within one year40/41€104k€115k▲
Trade receivables40€96k€111k▲
Other amounts receivable41€9k€4k▼
Current investments50/53€48k€67k▲
Cash at bank and in hand54/58€17k€8k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€280k€290k▲
Equity10/15€115k€137k▲
Contributions10/11€19k€19k=
Reserves13€97k€118k▲
Distributable reserves133€97k€118k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€165k€153k▼
Amounts payable after more than one year17€17k€8k▼
Financial debts170/4€17k€8k▼
Amounts payable within one year42/48€148k€145k▼
Current portion of amounts payable after more than one year42€14k€14k▼
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€99k€107k▲
Suppliers440/4€99k€107k▲
Taxes, remuneration and social security45€8k€11k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€23k€10k▼
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€30k€30k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€19k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€85k€85k▲
Operating profit (loss)9901€26k€34k▲
Financial income75/76B€174€335▲
Recurring financial income75€174€335▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€24k€31k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€17k€22k▲
Profit (loss) for the period to be appropriated9905€17k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€22k▲
Transfer to equity691/2€17k€22k▲
To other reserves6921€17k€22k▲
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €100kEq €115k ▲17%
5 profitable years in a row build equity to €115k.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
31-12
Financial
Highest result since 2019net €80k ▲16432%
Operating result €100k, net result €80k, both a record.
31-12
Financial
Liquidity times 6current ratio 1.33
Current ratio from 0.24 to 1.33.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €487 ▼67.9%
Net result drops to €487, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity times 288current ratio 11.22
Current ratio from 0.04 to 11.22; short-term debt falls from €187k to €699.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wielsbeke · 2 establishment units since 1994
Ground area
2,542 m²
Building footprint
895 m²
Volume, LiDAR
3,679 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VERMAX
since 19942.066.140.085
VERMAX
since 20222.333.514.152
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017A0184/00A005 | Flanders | 1,340 m² | 1 · 213 m² | 7.1 m · 2 fl. |
| 34452B0839/00M005 | Flanders | 1,202 m² | 1 · 682 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.333.514.152
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Of 756 companies in sector 46321 we hold annual accounts for 551. 358 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-1994
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
46319Wholesale of fruit and vegetables, excluding potatoes
46381Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.