WARD VERMEULEN

Active

Private limited companyfounded 20224 yrs activeWingensestraat 26, 8020 Oostkamp, BelgiumKBO/BCE: BE 0787.703.841

Summary

The computed 12-month bankruptcy probability of WARD VERMEULEN is 2.0% (moderate). The 2025 annual accounts show equity of €40k and a net result of €15k. Equity is growing by ~43.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 7453 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+19

Solvency97▲+36

Growth52=

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 3.45 against 1.28 in 2024; short-term debt: 28.4% and cash: 62.3% of total assets), and 28.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

71.6%

Return on assets

27%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

31 d early

2024

12 d late

2023

16 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€40k▲ 60.4%

2024 · €25k

2023: €18k 2024: €25k

2023 → 2025

Total assets

€56k▼ 19.0%

2024 · €69k

2023: €56k 2024: €69k

2023 → 2025

Net result

€15k▲ 130%

2024 · €7k

2023: €16k 2024: €7k

2023 → 2025

Working capital

€39k▲ 216%

2024 · €12k

2023: €-7k 2024: €12k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€18k-€25k▲ 35.7%€40k▲ 60.4%

Operating result€23k-€9k▼ 60.1%€21k▲ 126%

Net result€16k-€7k▼ 59.9%€15k▲ 130%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 126% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €56k

97.9%

Fixed assets €1k ▼ 90.8%

Current assets €54k ▼ 2.8%

Equity and liabilities €56k

71.6%

28.4%

Equity €40k ▲ 60.4%

Debt €16k ▼ 63.9%

Debt's share of the balance-sheet total falls from 63.8% to 28.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€33k▲

2024 · €22k

Cash flow

€27k▲

2024 · €19k

Current ratio

3.45▲

2024 · 1.28

Debt to equity

0.40▼

2024 · 1.76

ROE

37.7%▲

2024 · 26.3%

ROA

27.0%▲

2024 · 9.5%

Interest coverage

398.83▲

2024 · 380.30

Debt ≤ 1 year

€16k▼

2024 · €44k

Income taxes

€6k▲

2024 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines

Balance sheet Code20242025

Assets

Total assets20/58€69k€56k▼

Fixed assets21/28€13k€1k▼

Intangible fixed assets21€11k€0▼

Tangible fixed assets22/27€1k€1k▼

Plant, machinery and equipment23-€851

Furniture and vehicles24€1k€311▼

Current assets29/58€56k€54k▼

Amounts receivable within one year40/41€9k€20k▲

Trade receivables40€9k€17k▲

Other amounts receivable41€244€3k▲

Cash at bank and in hand54/58€47k€35k▼

Equity and liabilities

Total equity and liabilities10/49€69k€56k▼

Equity10/15€25k€40k▲

Contributions10/11€2k€2k=

Reserves13€23k€38k▲

Distributable reserves133€23k€38k▲

Amounts payable17/49€44k€16k▼

Amounts payable within one year42/48€44k€16k▼

Financial debts43€769€729▼

Credit institutions430/8€769€729▼

Trade debts44€1k€1k▲

Suppliers440/4€1k€1k▲

Taxes, remuneration and social security45€12k€14k▲

Taxes450/3€12k€14k▲

Other amounts payable47/48€30k€0▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼

Other operating charges640/8€767€834▲

Gross operating margin9900€23k€34k▲

Operating profit (loss)9901€9k€21k▲

Financial income75/76B€0€127▲

Recurring financial income75€0€127▲

Financial charges65/66B€58€84▲

Recurring financial charges65€58€84▲

Profit (loss) for the period before taxes9903€9k€21k▲

Income taxes67/77€3k€6k▲

Profit (loss) for the period9904€7k€15k▲

Profit (loss) for the period to be appropriated9905€7k€15k▲

Appropriation of the result

Profit (loss) to be appropriated9906€7k€15k▲

Transfer to equity691/2€7k€15k▲

To other reserves6921€7k€15k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Liquidity triplescurrent ratio 3.45

Current ratio from 1.28 to 3.45; short-term debt falls from €44k to €16k.

12-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 12 days late

2024

31-12

Financial Weakest financial yearnet €7k ▼59.9%

Net result drops to €7k, the lowest in the series; recovery starts the following year.

15-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Oostkamp · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wingensestraat 268020 Oostkamp

Ground area

1,014 m²

Building footprint

195 m²

Volume, LiDAR

723 m³

Parcel 31009D0942/00X003, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

WARD VERMEULEN

Wingensestraat 26, 8020 OostkampGeneral construction of buildings

since 20222.333.515.241

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31009D0942/00X003	Flanders	1,014 m²	1 · 195 m²	10.0 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 1,027 EUR awarded · 1,117 EUR paid

Year	Entries	awarded	paid
2025	1	240 EUR	240 EUR
2024	1	198 EUR	198 EUR
2023	1	106 EUR	196 EUR
2022	1	483 EUR	483 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

4 entries · 1,027 EUR · 1,117 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

RVA MONTAGE

BE 1022.058.613

Sint-Pieters-Leeuw · Eq €39,812

Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,853 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-06-2022

Fiscal year end31-12

Activities, NACEBEL 2025

41001General construction of residential buildings

41003General construction of other non-residential buildings

68121Development of residential building projects

43120Site preparation

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.