ACTIVE

VERMAKO (SRL)

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Financial year 2025 · closed on 30/09/2025

Net result

298,5 k €

-64.5% YoY

Gross margin

2,4 M €

Equity

1,6 M €

+0.2% YoY

Workforce

16,6 ETP

-12.6% YoY

What does VERMAKO do?

VERMAKO is a Private limited company incorporated in 1974. Its registered office is in Tielt. It employs on average 16,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.606.902

Incorporation

18/08/1974

Legal form

Private limited company

Registered office

Careelstraat 11
8700 Tielt · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

30/09/2025

Average workforce

16,6 ETP

Joint committees (5)

111
11101
209
20900
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,4 M €		–		2,4 M €	+12.8%	2,1 M €	+35.1%	1,6 M €	+8.1%	1,4 M €	+6.7%	1,4 M €	-21.6%	1,7 M €	+0.3%	1,7 M €	+5.6%	1,6 M €	+12.8%	1,4 M €	+38.0%	1 M €	+111%	497,6 k €	-39.5%	822,2 k €	+16.7%	704,6 k €	-9.7%	780,4 k €	+46.0%	534,6 k €	+34.3%	397,9 k €	+74.3%	228,3 k €
EBITDA	1,1 M €	-40.2%	1,8 M €	+43.0%	1,2 M €	+3.5%	1,2 M €	+55.3%	769 k €	-3.7%	798,6 k €	+9.6%	728,9 k €	-21.5%	928,3 k €	+34.9%	688,1 k €	+28.1%	537,2 k €	+35.0%	397,8 k €	-1.1%	402,2 k €	+441%	-118 k €	-135%	333,8 k €	+48.3%	225 k €	-16.0%	267,8 k €	+46.3%	183,1 k €	+11.7%	163,9 k €	+26.1%	129,9 k €
Operating result	389,2 k €	-65.8%	1,1 M €	+94.1%	585,6 k €	+0.4%	583,2 k €	+218%	183,2 k €	+22.1%	150,1 k €	+258%	41,9 k €	-56.9%	97,2 k €	-24.0%	128 k €	-17.6%	155,3 k €	+71.4%	90,6 k €	+119%	41,4 k €	+109%	-458,4 k €	-1402%	35,2 k €	+189%	12,2 k €	-74.1%	46,9 k €	-24.2%	61,9 k €	+701%	7,7 k €	-72.3%	27,9 k €
Net result	298,5 k €	-64.5%	840,4 k €	+77.2%	474,1 k €	+1.7%	466,4 k €	+196%	157,5 k €	-2.4%	161,3 k €	+235%	48,2 k €	-53.5%	103,7 k €	+59.7%	64,9 k €	-30.3%	93,1 k €	+221%	29 k €	-10.1%	32,3 k €	+137%	13,6 k €	+174%	5 k €	+17.1%	4,2 k €	-85.2%	28,7 k €	+70.9%	16,8 k €	+1649%	960,9 €	-96.7%	29 k €
Balance sheet
Equity	1,6 M €	+0.2%	1,6 M €	+2.5%	1,6 M €	+23.6%	1,3 M €	+56.2%	829,8 k €	+23.4%	672,3 k €	+31.6%	511 k €	+10.4%	462,8 k €	+28.9%	359,1 k €	+22.1%	294,2 k €	+46.3%	201 k €	+16.9%	172 k €	+23.1%	139,7 k €	+10.8%	126,1 k €	+4.1%	121,1 k €	+3.6%	116,9 k €	+32.6%	88,2 k €	+23.6%	71,3 k €	+1.4%	70,4 k €
Total assets	4 M €	-11.3%	4,5 M €	+24.4%	3,6 M €	-3.5%	3,7 M €	+31.7%	2,8 M €	-4.0%	3 M €	+9.8%	2,7 M €	+9.6%	2,5 M €	-3.4%	2,5 M €	+51.2%	1,7 M €	-6.0%	1,8 M €	-24.0%	2,4 M €	+16.2%	2 M €	-26.1%	2,7 M €	+117%	1,3 M €	-45.9%	2,3 M €	+64.3%	1,4 M €	-47.4%	2,7 M €	+260%	749,8 k €
Cash	221,2 k €	-54.7%	488,6 k €	+137%	205,8 k €	-77.3%	908,6 k €	+165%	343,3 k €	-14.5%	401,6 k €	+106%	194,6 k €	+227%	59,6 k €	-94.8%	1,1 M €	+108%	547,8 k €	+362%	118,7 k €	-84.9%	784,9 k €	+286%	203,3 k €	-56.2%	464,1 k €	+134%	198,6 k €	+257%	55,6 k €	-73.3%	208,2 k €	+1242%	15,5 k €	-32.3%	22,9 k €
Debts	2,3 M €	-17.9%	2,8 M €	+45.6%	2 M €	-17.5%	2,4 M €	+20.0%	2 M €	-7.3%	2,1 M €	-0.9%	2,1 M €	+11.8%	1,9 M €	-10.8%	2,2 M €	+67.6%	1,3 M €	-14.0%	1,5 M €	-29.1%	2,1 M €	+15.5%	1,8 M €	-16.7%	2,2 M €	+101%	1,1 M €	-49.4%	2,1 M €	+65.8%	1,3 M €	-50.5%	2,6 M €	+288%	675,2 k €
Other
Workforce	16,6 ETP	-12.6%	19,0 ETP	+8.6%	17,5 ETP	-1.1%	17,7 ETP	+4.7%	16,9 ETP	+1.8%	16,6 ETP	+23.0%	13,5 ETP	-24.6%	17,9 ETP	-26.3%	24,3 ETP	-13.2%	28,0 ETP	+17.6%	23,8 ETP	+49.7%	15,9 ETP	+14.4%	13,9 ETP	+18.8%	11,7 ETP	+3.5%	11,3 ETP	-13.7%	13,1 ETP	+36.5%	9,6 ETP	+47.7%	6,5 ETP	+141%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 3 ended

Active mandates

MAEVENIR

Managing director · since 24 octobre 2024 · 1013.987.916

Represented by Karl Maes

Active

Kim Maes

Director · since 27 février 2024

Active

Jacques Maes

Director · since 01 janvier 2020

Active

Ended mandates

MAEVENIR

Managing director · since 24 octobre 2024 · 1013.987.916

Represented by Karl Maes

Ended

KATTY VERBEKE

Director · since 01 janvier 2020

Ended

Jacques Maes

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
MAEVENIR● Active	1013.987.916
Vermako Cover Solutions● Active	0811.799.433

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	03/04/2025	24/04/2024	29/03/2023	21/03/2022	29/03/2021
General meeting	31/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Full model	30/09/2024	03/03/2025	03/04/2025	Dutch	PDF
Abridged model	30/09/2023	04/03/2024	24/04/2024	Dutch	PDF
Abridged model	30/09/2022	06/03/2023	29/03/2023	Dutch	PDF
Abridged model	30/09/2021	07/03/2022	21/03/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	29/03/2021	Dutch	PDF
Abridged model	30/09/2019	26/03/2020	30/03/2020	Dutch	PDF
Abridged model	30/09/2018	27/03/2019	28/03/2019	Dutch	PDF
Abridged model	30/09/2017	28/03/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	29/03/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	30/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	02/03/2015	Dutch	PDF
Abridged model	30/09/2013	21/03/2014	24/03/2014	Dutch	PDF
Abridged model	30/09/2012	27/03/2013	28/03/2013	Dutch	PDF
Abridged model	30/09/2011	28/03/2012	29/03/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	28/03/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	06/03/2009	Dutch	PDF
Abridged model	30/09/2007	03/03/2008	12/03/2008	Dutch	PDF
Abridged model	30/09/2006	27/02/2007	28/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 3 ended

Active mandates

MAEVENIR

Managing director · since 24 octobre 2024 · 1013.987.916

Represented by Karl Maes

Active

Kim Maes

Director · since 27 février 2024

Active

Jacques Maes

Director · since 01 janvier 2020

Active

Ended mandates

MAEVENIR

Managing director · since 24 octobre 2024 · 1013.987.916

Represented by Karl Maes

Ended

KATTY VERBEKE

Director · since 01 janvier 2020

Ended

Jacques Maes

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2023
WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office14/01/2005
MAATSCHAPPELIJKE ZETEL - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - BOEKJAAR - ALGEMENE VERGADERING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025298,5 k €↓
2024
Annual accounts 2024840,4 k €↑
2023
Annual accounts 2023474,1 k €↑
2022
Annual accounts 2022466,4 k €↑
2021
Annual accounts 2021157,5 k €↓
2020
Annual accounts 2020161,3 k €↑
2019
Annual accounts 201948,2 k €↓
2018
Annual accounts 2018103,7 k €↑
2017
Annual accounts 201764,9 k €↓
2016
Annual accounts 201693,1 k €↑
2015
Annual accounts 201529 k €↓
2014
Annual accounts 201432,3 k €↑
2013
Annual accounts 201313,6 k €↑
2012
Annual accounts 20125 k €↑
2011
Annual accounts 20114,2 k €↓
2010
Annual accounts 201028,7 k €↑
2009
Annual accounts 200916,8 k €↑
2008
Annual accounts 2008960,9 €↓
2007
Annual accounts 200729 k €
18/08/1974
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VERMAKO (SRL)

Overview

What does VERMAKO do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline