ACTIVE

EDWIN VERMULST

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Financial year 2025 · closed on 31/12/2025

Net result

463,6 k €

-20.0% YoY

Gross margin

575,5 k €

-16.9% YoY

Equity

3,3 M €

+2.4% YoY

What does EDWIN VERMULST do?

EDWIN VERMULST is a Private limited company incorporated in 2003. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.424.030

Incorporation

29/12/2003

Legal form

Private limited company

Registered office

Place des Barricades 13
1000 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	575,5 k €	-16.9%	692,6 k €	+121%	313,8 k €	+47.5%	212,8 k €	-63.0%	575,9 k €	-22.4%	742,5 k €	+12.9%	657,9 k €	-31.2%	955,8 k €	+12.9%	846,9 k €	-10.3%	943,9 k €	+20.3%	784,6 k €	+170%	291,1 k €	-54.3%	636,5 k €	-4.0%	662,9 k €	-0.2%	664 k €	-20.1%	830,9 k €	+46.6%	566,7 k €	+27.3%	445,2 k €	+108%	214 k €	-67.1%	649,8 k €
EBITDA	567,6 k €	-16.9%	682,9 k €	+123%	305,8 k €	+48.4%	206,1 k €	-63.9%	570,2 k €	-22.7%	738,1 k €	+12.9%	653,5 k €	-31.4%	953 k €	+13.7%	838,1 k €	-10.9%	940,4 k €	+20.4%	781 k €	+166%	293,6 k €	-48.6%	571,1 k €	-4.2%	596,2 k €	-2.1%	608,8 k €	-26.4%	827,5 k €	+47.7%	560,3 k €	+26.8%	442 k €	+111%	209,4 k €	-67.4%	642,2 k €
Operating result	545,4 k €	-17.9%	664,2 k €	+132%	286,2 k €	+54.7%	185,1 k €	-64.3%	518,4 k €	-24.5%	687 k €	+14.7%	599 k €	-33.2%	896,5 k €	+14.4%	783,3 k €	-14.9%	920,9 k €	+20.7%	762,9 k €	+180%	272,4 k €	-50.4%	549,1 k €	-3.7%	570 k €	-2.3%	583,5 k €	-24.6%	774,3 k €	+50.8%	513,6 k €	+26.2%	406,8 k €	+135%	173,3 k €	-71.3%	602,9 k €
Net result	463,6 k €	-20.0%	579,3 k €	+76.0%	329,1 k €	+251%	-217,4 k €	-167%	322,5 k €	-30.6%	465 k €	+20.3%	386,5 k €	-27.6%	534,1 k €	-20.1%	668,8 k €	+4.6%	639,2 k €	+21.3%	526,9 k €	+177%	190 k €	-52.9%	403,1 k €	-6.5%	431,3 k €	+25.5%	343,7 k €	-35.6%	533,8 k €	+34.7%	396,4 k €	+117%	182,9 k €	+50.6%	121,4 k €	-69.5%	397,6 k €
Balance sheet
Equity	3,3 M €	+2.4%	3,2 M €	+1.4%	3,2 M €	-9.6%	3,5 M €	-5.8%	3,7 M €	+9.4%	3,4 M €	+15.7%	3 M €	+15.1%	2,6 M €	-12.5%	2,9 M €	+21.9%	2,4 M €	+26.4%	1,9 M €	+6.5%	1,8 M €	+119%	817,7 k €	-51.0%	1,7 M €	+21.2%	1,4 M €	+1.9%	1,4 M €	+34.4%	1 M €	+29.9%	773,7 k €	+14.9%	673,1 k €	+5.0%	641,3 k €
Total assets	3,3 M €	-7.2%	3,6 M €	+5.8%	3,4 M €	-5.8%	3,6 M €	-5.0%	3,8 M €	+8.1%	3,5 M €	+12.3%	3,1 M €	+15.1%	2,7 M €	-23.9%	3,6 M €	+8.9%	3,3 M €	+40.7%	2,3 M €	+19.7%	1,9 M €	-2.3%	2 M €	-1.6%	2 M €	+40.5%	1,4 M €	-9.1%	1,6 M €	+34.9%	1,2 M €	+25.8%	932 k €	+20.0%	776,6 k €	-27.3%	1,1 M €
Cash	293,2 k €	-5.8%	311,1 k €	-2.2%	318,1 k €	-44.0%	568,1 k €	-33.9%	860 k €	-61.0%	2,2 M €	+10.4%	2 M €	+9.1%	1,8 M €	-15.5%	2,2 M €	+3.3%	2,1 M €	+61.7%	1,3 M €	+14.5%	1,1 M €	-1.9%	1,2 M €	-5.0%	1,2 M €	+97.7%	615,6 k €	-22.0%	789,5 k €	+111%	374,3 k €	-1.2%	378,7 k €	+69.6%	223,4 k €	+1288%	16,1 k €
Debts	16,6 k €	-95.3%	350,5 k €	+75.1%	200,1 k €	+193%	68,3 k €	+75.3%	39 k €	-49.3%	76,8 k €	-52.2%	160,8 k €	+15.0%	139,8 k €	-77.6%	624,1 k €	-27.3%	859 k €	+107%	415,3 k €	+177%	149,9 k €	-86.5%	1,1 M €	+443%	205,1 k €	+346%	46 k €	-77.7%	206,5 k €	+39.7%	147,9 k €	-0.4%	148,4 k €	+52.4%	97,4 k €	-77.0%	424,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		1,5 ETP	+7.1%	1,4 ETP	+40.0%	1,0 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 31/12/2025 · 1 active · 1 ended

Active mandates

Edwin Vermulst

Director · since 22 décembre 2003

Active

Ended mandates

Edwin Vermulst

Manager · since 22 décembre 2003

Ended

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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	07/05/2026	19/05/2025	13/06/2024	08/05/2023	11/05/2022	04/05/2021
General meeting	07/05/2026	01/05/2025	27/05/2024	01/05/2023	01/05/2022	01/05/2021
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	07/05/2026	07/05/2026	Dutch	PDF
Abridged model	31/12/2024	01/05/2025	19/05/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	13/06/2024	Dutch	PDF
Abridged model	31/12/2022	01/05/2023	08/05/2023	Dutch	PDF
Abridged model	31/12/2021	01/05/2022	11/05/2022	Dutch	PDF
Abridged model	31/12/2020	01/05/2021	04/05/2021	Dutch	PDF
Micro model	31/12/2019	01/05/2020	05/05/2020	Dutch	PDF
Abridged model	31/12/2018	04/05/2019	21/05/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	17/05/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	29/05/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/05/2015	05/05/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	14/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/03/2013	04/04/2013	Dutch	PDF
Abridged model	31/12/2011	01/05/2012	21/05/2012	Dutch	PDF
Abridged model	31/12/2010	01/05/2011	30/05/2011	Dutch	PDF
Abridged model	31/12/2009	01/05/2010	05/05/2010	Dutch	PDF
Abridged model	31/12/2008	01/05/2009	04/05/2009	Dutch	PDF
Abridged model	31/12/2007	01/05/2008	05/05/2008	Dutch	PDF
Abridged model	31/12/2006	01/05/2007	16/05/2007	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 31/12/2025 · 1 active · 1 ended

Active mandates

Edwin Vermulst

Director · since 22 décembre 2003

Active

Ended mandates

Edwin Vermulst

Manager · since 22 décembre 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/02/2018
KAPITAAL - AANDELEN
PDF
Capital / shares05/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office28/05/2010
MAATSCHAPPELIJKE ZETEL
PDF
Registered office15/07/2004
MAATSCHAPPELIJKE ZETEL
PDF
Other09/01/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025463,6 k €↓
2024
Annual accounts 2024579,3 k €↑
2023
Annual accounts 2023329,1 k €↑
2022
Annual accounts 2022-217,4 k €↓
2021
Annual accounts 2021322,5 k €↓
2020
Annual accounts 2020465 k €↑
2019
Annual accounts 2019386,5 k €↓
2018
Annual accounts 2018534,1 k €↓
2017
Annual accounts 2017668,8 k €↑
2016
Annual accounts 2016639,2 k €↑
2015
Annual accounts 2015526,9 k €↑
2014
Annual accounts 2014190 k €↓
2013
Annual accounts 2013403,1 k €↓
2012
Annual accounts 2012431,3 k €↑
2011
Annual accounts 2011343,7 k €↓
2010
Annual accounts 2010533,8 k €↑
2009
Annual accounts 2009396,4 k €↑
2008
Annual accounts 2008182,9 k €↑
2007
Annual accounts 2007121,4 k €↓
2006
Annual accounts 2006397,6 k €
29/12/2003
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

EDWIN VERMULST

Overview

What does EDWIN VERMULST do?

Trend over 20 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