ACTIVE

Vermako Cover Solutions

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Financial year 2025 · Closed on 30/09/2025

Net result107,6 k €-81,7 %over 1 year
Gross margin1,3 M €
Equity593,1 k €+0,4 %over 1 year
Workforce19,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

Vermako Cover Solutions is a Private limited company incorporated in 2009. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Tielt. It employs on average 19,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0811.799.433
Incorporation
18/05/2009
Legal form
Private limited company
Registered office
Careelstraat 11
8700 Tielt · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
19,0 ETP
Joint committees (4)
  • 1110
  • 11101
  • 2090
  • 20900
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 15 filings

Trend over 15 financial years

20252024202320222021
Income statement
Gross margin1,3 M €–1,8 M €853,6 k €850,6 k €
EBITDA216,2 k €851,5 k €732,9 k €120,5 k €138 k €
Operating result129,8 k €794,8 k €635,8 k €47,9 k €47,5 k €
Net result107,6 k €588,8 k €464,1 k €33 k €29,7 k €
Balance sheet
Equity593,1 k €590,4 k €576,7 k €112,6 k €79,5 k €
Total assets2 M €1,9 M €964,4 k €1,1 M €590,3 k €
Cash843,2 k €112,5 k €184,6 k €474,9 k €272,2 k €
Debts1,4 M €1,3 M €387,7 k €944,7 k €510,7 k €
Other
Workforce19,0 ETP19,0 ETP14,9 ETP13,8 ETP14,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 11 ended

Active mandates

MAEVENIR

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

Director · since 24 octobre 2024 · 1013.987.916

Represented by Karl Maes

Ended
Katty Verbeke

Director · since 01 janvier 2020 · until 24 octobre 2024

Ended
KATTY VERBEKE

Director · since 01 janvier 2020

Ended
ANN TIMMERMANS

Manager · since 09 juin 2012 · until 16 décembre 2015

Ended

Other companies at this address

Careelstraat 11 8700 Tielt
CompanyCBE no.
MAEVENIR● Active
1013.987.916
VERMAKO● Active
0414.606.902

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelFull modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/10/202401/10/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/09/202530/09/202430/09/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date30/04/202603/04/202524/04/202431/01/202314/02/202216/02/2021
General meeting31/03/202603/03/202504/03/202410/12/202228/01/202212/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202531/03/202630/04/2026DutchPDF
Full model30/09/202403/03/202503/04/2025DutchPDF
Abridged model30/09/202304/03/202424/04/2024DutchPDF
Abridged model30/06/202210/12/202231/01/2023DutchPDF
Abridged model30/06/202128/01/202214/02/2022DutchPDF
Micro model30/06/202012/12/202016/02/2021DutchPDF
Micro model30/06/201914/12/201928/01/2020DutchPDF
Micro model30/06/201809/01/201910/01/2019DutchPDF
Micro model30/06/201709/12/201711/01/2018DutchPDF
Abridged model31/12/201512/09/201613/09/2016DutchPDF
Abridged model31/12/201413/06/201518/06/2015DutchPDF
Abridged model31/12/201326/09/201429/09/2014DutchPDF
Abridged model31/12/201206/09/201306/09/2013DutchPDF
Abridged model31/12/201121/09/201224/09/2012DutchPDF
Abridged model31/12/201011/06/201131/10/2011DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Board of directors

Source · NBB, accounts to 30/09/2025

3 active · 11 ended

Active mandates

MAEVENIR

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

Director · since 24 octobre 2024 · 1013.987.916

Represented by Karl Maes

Ended
Katty Verbeke

Director · since 01 janvier 2020 · until 24 octobre 2024

Ended
KATTY VERBEKE

Director · since 01 janvier 2020

Ended
ANN TIMMERMANS

Manager · since 09 juin 2012 · until 16 décembre 2015

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/06/2023
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office25/10/2016
    BENAMING - MAATSCHAPPELIJKE ZETEL - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/04/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/05/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025107,6 k €↓
  2. 2024
    Annual accounts 2024588,8 k €↑
  3. 2023
    Annual accounts 2023464,1 k €↑
  4. 2022
    Annual accounts 202233 k €↑
  5. 2021
    Annual accounts 202129,7 k €↑
  6. 2020
    Annual accounts 202012,7 k €↓
  7. 2019
    Annual accounts 201914,4 k €↑
  8. 2018
    Annual accounts 20184,5 k €↓
  9. 2017
    Annual accounts 201729,8 k €↑
  10. 2015
    Annual accounts 20153,2 k €↑
  11. 2014
    Annual accounts 2014-3,9 k €↑
  12. 2013
    Annual accounts 2013-7,9 k €↓
  13. 2012
    Annual accounts 2012-1,1 k €↑
  14. 2011
    Annual accounts 2011-4,2 k €↑
  15. 2010
    Annual accounts 2010-16,3 k €
  16. 18/05/2009
    IncorporationPrivate limited company