ACTIVE

VERMES

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Financial year 2025 · closed on 31/12/2025

Net result

52,7 k €

+540.0% YoY

Gross margin

364,9 k €

+25.0% YoY

Equity

172,8 k €

+0.4% YoY

Workforce

3,0 ETP

-16.7% YoY

What does VERMES do?

VERMES is a Public limited company incorporated in 1987. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Torhout. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.867.160

Incorporation

28/08/1987

Legal form

Public limited company

Registered office

Kwaplasstraat 67 B
8820 Torhout · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25620Machining 25999Manufacture of other fabricated metal products n.e.c.25999Manufacture of other fabricated metal products n.e.c.28755Manufacture of machinery and equipment n.e.c.

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	364,9 k €	+25.0%	292 k €	-13.3%	336,7 k €	+10.2%	305,4 k €	+2.8%	297,1 k €	+10.3%	269,2 k €	+4.7%	257,2 k €	-5.3%	271,5 k €	+11.6%	243,3 k €	+0.8%	241,3 k €	-13.6%	279,2 k €	+10.9%	251,8 k €	-10.4%	281 k €	+6.8%	263,1 k €	-0.0%	263,1 k €	+33.6%	196,9 k €	-18.3%	241,1 k €	+18.2%	203,9 k €	+77.3%	115 k €	+178%	41,4 k €
EBITDA	102,6 k €	+70.8%	60,1 k €	-35.2%	92,7 k €	+35.6%	68,4 k €	-24.6%	90,8 k €	+11.1%	81,7 k €	+26.3%	64,7 k €	-20.6%	81,4 k €	+35.4%	60,2 k €	+21.8%	49,4 k €	-41.1%	83,9 k €	+55.5%	53,9 k €	-14.5%	63,1 k €	-0.8%	63,6 k €	+18.3%	53,8 k €	+21.5%	44,3 k €	-30.8%	64 k €	+38.4%	46,2 k €	+2.0%	45,3 k €	+461%	8,1 k €
Operating result	72,8 k €	+181%	25,9 k €	-50.2%	52 k €	+101%	25,8 k €	-38.0%	41,6 k €	+210%	13,4 k €	+504%	-3,3 k €	-121%	15,8 k €	+158%	6,1 k €	-36.8%	9,7 k €	-79.1%	46,3 k €	+560%	7 k €	-40.7%	11,8 k €	-32.2%	17,4 k €	-25.8%	23,5 k €	+384%	-8,3 k €	-362%	3,2 k €	+128%	-11,1 k €	-157%	19,5 k €	+284%	-10,6 k €
Net result	52,7 k €	+540%	8,2 k €	-78.2%	37,8 k €	+91.1%	19,8 k €	-42.8%	34,6 k €	+433%	6,5 k €	+174%	-8,7 k €	-227%	6,9 k €	+564%	-1,5 k €	-975%	169,9 €	-88.9%	1,5 k €	+265%	418,3 €	-86.5%	3,1 k €	-61.9%	8,1 k €	-55.5%	18,3 k €	+240%	-13 k €	-50.4%	-8,7 k €	+9.8%	-9,6 k €	-163%	15,1 k €	+1495%	949,7 €
Balance sheet
Equity	172,8 k €	+0.4%	172,1 k €	+0.4%	171,4 k €	+1.1%	169,5 k €	+10.3%	153,7 k €	+0.7%	152,6 k €	+4.4%	146,1 k €	-5.6%	154,8 k €	+4.7%	147,9 k €	-1.0%	149,4 k €	+0.1%	149,2 k €	+1.0%	147,7 k €	+0.3%	147,3 k €	+2.2%	144,2 k €	+6.0%	136 k €	+15.6%	117,7 k €	-10.0%	130,8 k €	-6.2%	139,4 k €	-8.3%	152,1 k €	+11.1%	136,9 k €
Total assets	498,4 k €	-5.6%	528,2 k €	-14.0%	614,4 k €	+14.5%	536,6 k €	+38.7%	386,8 k €	+2.2%	378,6 k €	-6.2%	403,5 k €	-9.8%	447,4 k €	+14.5%	390,9 k €	-13.0%	449,1 k €	+31.2%	342,4 k €	-5.3%	361,7 k €	-2.1%	369,3 k €	-4.6%	387,2 k €	-5.9%	411,5 k €	+7.1%	384,3 k €	+9.9%	349,7 k €	-7.3%	377,4 k €	+46.5%	257,7 k €	+5.7%	243,7 k €
Cash	72,2 k €	+1347%	5 k €	-61.5%	13 k €	+49.2%	8,7 k €	-44.8%	15,7 k €	-41.4%	26,9 k €	+54.3%	17,4 k €	+37.8%	12,6 k €	+127%	5,6 k €	-69.9%	18,5 k €	+40.6%	13,1 k €	+284%	3,4 k €	-65.3%	9,8 k €	-12.8%	11,3 k €	+59.7%	7,1 k €	+239%	2,1 k €	-64.5%	5,9 k €	-60.1%	14,7 k €	-41.7%	25,2 k €	+15.8%	21,8 k €
Debts	320,2 k €	-9.1%	352,3 k €	-20.1%	440,9 k €	+20.2%	366,7 k €	+58.2%	231,8 k €	+2.9%	225,3 k €	-12.2%	256,7 k €	-12.2%	292,4 k €	+20.7%	242,2 k €	-19.1%	299,4 k €	+55.2%	192,9 k €	-9.1%	212,3 k €	-3.5%	220,1 k €	-9.1%	242,3 k €	-11.9%	275,1 k €	+3.5%	265,7 k €	+21.4%	218,9 k €	-7.9%	237,7 k €	+133%	101,8 k €	-0.6%	102,5 k €
Other
Workforce	3,0 ETP	-16.7%	3,6 ETP	-2.7%	3,7 ETP	-2.6%	3,8 ETP	+2.7%	3,7 ETP	-11.9%	4,2 ETP	-6.7%	4,5 ETP	0.0%	4,5 ETP	-4.3%	4,7 ETP	+2.2%	4,6 ETP	+2.2%	4,5 ETP	-4.3%	4,7 ETP	-16.1%	5,6 ETP	-1.8%	5,7 ETP	0.0%	5,7 ETP	0.0%	5,7 ETP	+3.6%	5,5 ETP	+41.0%	3,9 ETP	-9.3%	4,3 ETP	+514%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

AD REM

Managing director · 0438.224.422

Represented by PIERRE VEYS

Active

ANDIRO

Director · 0446.275.521

Represented by Solange De Decker

Active

DELTI

Director · 0809.340.878

Represented by LUK DECLERCK

Active

Ended mandates

ANDIRO

Director · since 09 mai 2020 · 0446.275.521

Represented by Solange De Decker

Ended

RADIUS II

Director · since 14 mai 2016 · until 09 mai 2020 · 0550.366.914

Represented by SOLANGE DE DECKER

Ended

RADIUS II

Director · since 14 mai 2016 · 0550.366.914

Represented by SOLANGE DE DECKER

Ended

ZAGO

Director · since 01 juillet 2005 · until 08 mai 2010 · 0874.582.682

Represented by KURT GOVAERE

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	29/08/2025	30/08/2024	29/09/2023	20/07/2022	08/06/2021
General meeting	09/05/2026	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021
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	31/12/2025	09/05/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/05/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	11/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/05/2020	29/09/2020	Dutch	PDF
Abridged model	31/12/2018	11/05/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/05/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/04/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	29/03/2012	27/04/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2025 · 3 active · 15 ended

Active mandates

AD REM

Managing director · 0438.224.422

Represented by PIERRE VEYS

Active

ANDIRO

Director · 0446.275.521

Represented by Solange De Decker

Active

DELTI

Director · 0809.340.878

Represented by LUK DECLERCK

Active

Ended mandates

ANDIRO

Director · since 09 mai 2020 · 0446.275.521

Represented by Solange De Decker

Ended

RADIUS II

Director · since 14 mai 2016 · until 09 mai 2020 · 0550.366.914

Represented by SOLANGE DE DECKER

Ended

RADIUS II

Director · since 14 mai 2016 · 0550.366.914

Represented by SOLANGE DE DECKER

Ended

ZAGO

Director · since 01 juillet 2005 · until 08 mai 2010 · 0874.582.682

Represented by KURT GOVAERE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/10/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2008
ONTSLAGEN - BENOEMINGEN
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 202552,7 k €↑
2024
Annual accounts 20248,2 k €↓
2023
Annual accounts 202337,8 k €↑
2022
Annual accounts 202219,8 k €↓
2021
Annual accounts 202134,6 k €↑
2020
Annual accounts 20206,5 k €↑
2019
Annual accounts 2019-8,7 k €↓
2018
Annual accounts 20186,9 k €↑
2017
Annual accounts 2017-1,5 k €↓
2016
Annual accounts 2016169,9 €↓
2015
Annual accounts 20151,5 k €↑
2014
Annual accounts 2014418,3 €↓
2013
Annual accounts 20133,1 k €↓
2012
Annual accounts 20128,1 k €↓
2011
Annual accounts 201118,3 k €↑
2010
Annual accounts 2010-13 k €↓
2009
Annual accounts 2009-8,7 k €↑
2008
Annual accounts 2008-9,6 k €↓
2007
Annual accounts 200715,1 k €↑
2006
Annual accounts 2006949,7 €
28/08/1987
IncorporationPublic 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

VERMES

Overview

What does VERMES do?

Trend over 20 financial years

Indicative valuation

Board of directors

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