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VERHELST GROUP

Active Private limited companyfounded 1999active for 27 yearsOudenburgsesteenweg 106, 8400 OstendKBO/BCE: BE 0466.316.018 #4 company by equity in Ostend, Professional and technical services sector
Heads the group VERHELST GROUP 18 companies in 2 countries
See the group

Lifetime

18 annual accounts with figures on one time axis, 24 filings since 2000
peak €892,621 (2016)
-not published
lowest -€1.1m (2024)
€9.9m▲ €10.9m
peak €33.3m (2025)
€33.3m▲ 42.0%
€71.3m▲ 133%
peak 18.8 FTE (2025)
18.8 FTE▲ 13.3%
Board4 names since 1999
2 directorsVERHELST Johan and 1 other
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Turnover from €168,596 to €190,870Back to profit: €9.9mStaff from 16.6 FTE to 18.8 FTEAppointment: NV Callens Vandelanotte (statutory auditor) 01-10Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor) 12-03Equity from €23.5m to €33.3m

Key points

from the 2025 annual accounts

Overdue debts

€217,965 on 31-12-2025

The annual accounts state €217,965 of overdue social security (RSZ) debts on 31-12-2025.

Result

€9.9m €9.9m
-€1.1m2024€9.9m2025

Back in profit in 2025, after a loss of €1.1m in 2024.

Debts

€71.3m ▲ 133%
Other debts
+34.8
Financial debts
+5.4
Suppliers
+0.7
The rest
-0.3

Debts rose by €40.7m in 2025.

Payment terms

278 days to suppliers
Suppliers
63 to 278
Customers
4473 to 3351

VERHELST GROUP pays its suppliers 215 days later than in 2024. Customers pay 1,122 days earlier.

Group

13 companies controlled

Heads a group.

Checked score

89
Excellent
Financially stronger than 43% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025highest value 08-2025: 0.3%▼ -0.2 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.2%▼ -0.1 percentage points vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value

Financial strength
Average

56-11equity 31.2% of total assets
29-7short-term debt 51.0% · cash 4.0%
59+48return on assets 9.2%

Score breakdown

raises risk
Liquidity: current ratio 0.70, cash €4.3m
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 16-07-2026)
Profit of €9.9m (financial year 2025)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 31% of them on solvency, 14% on liquidity, 46% on profitability and 82% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €19,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.7 (1.22 in 2024), below 1. Short-term debt is 51% and cash 4% of total assets. 68.8% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.70, cash €4.3m
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Figures for financial year 2025 (filed on 16-07-2026)
NBB · annual accounts
lowers risk · Profit of €9.9m (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
15 days early
2024
16 days early
2023
16 days early
2022
34 days early
2021
67 days late
2020
17 days early
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

OE
Director, VANHEEDE Caroline Cornelis Paulette, since 22-12-2023
VJ
Director, since 22-12-2023
  • VERHELST Johan Jozef Alberic all the sharesdeed of 06-03-2024

Shares in 7 companies, including EUROPEAN PORT SERVICES and Top-Mix

Board & ownership

Recent changes

Appointment: NV Callens Vandelanotte (statutory auditor) General meeting of 27-06-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0466316018
Appointment: Vandelanotte Bedrijfsrevisoren (statutory auditor) General meeting of 03-06-2022 · Gazette deed
Demerger: VERHELST IMMO splits off to Verhelst Johan BV Company renamed from VERHELST JOHAN to Verhelst Group · Reappointments: VERHELST Johan Jozef Alberic (director) and OPC EUROPE (director) · Permanent representative: VANHEEDE Caroline Cornelis Paulette · General meeting of 22-12-2023 · Gazette deed
All 48 events

Comparable companies

same main activity, similar in size and age
Company
VERHELST GROUP Ostend €0.2m - 31.2% 18.8
DE BONTE NEW GENERATION Waasmunster €0.5m - 63.0% 5.9
WE Accompagnement et Stratégie Liège €0.2m - 6.6% 52.5
FAMO Hove €0.6m - 71.6% 4
Windhoek Bruges €0.4m 87.9% 90.9% -
greif services belgium Brecht €1.3m - 12.7% 11.4
WEBPLICATIONS Antwerp €0.5m - -37.2% 2

These companies have the same main activity as VERHELST GROUP: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €21m and €190m, founded between 1989 and 2014.

Official details

Source: KBO
Status
Active since 18-06-1999Normal situation
Registered office
21 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
Activity
Activities of head officesNACE 70100and 2 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.091.759.2708420 De Haan, since 30-07-1999
Financial year end
31 December
Peppol
Reachable since 25-06-2025
Company details

Annual accounts 2025

€5.5m▲ 33.8%
€106.9m▲ 91.0%
Employeeson 31-12-2025
19▼ 5.0%
Filing
Filed on 16-07-2026, 15 days before the end of the filing period
Financials

Companies linked to VERHELST GROUP

Insights on VERHELST GROUP

VERHELST GROUP has existed since 1999. The present size dates from 2013. The gross margin rose that year from €71,788 to €279,942.

Solvency fell in 2025 from 41.9% to 31.2%.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about VERHELST GROUP

What is the company number of VERHELST GROUP?
The company number of VERHELST GROUP is 0466.316.018. The VAT number is the same number with BE in front: BE 0466.316.018.
Where is VERHELST GROUP based?
The registered office is at Oudenburgsesteenweg 106, 8400 Ostend.Company details
What does VERHELST GROUP do?
According to the KBO register, the main activity is activities of head offices (NACE 70100).
What is the legal form of VERHELST GROUP?
VERHELST GROUP is a private limited company (BV).
When was VERHELST GROUP founded?
VERHELST GROUP was founded on 18-06-1999.
Is VERHELST GROUP still active?
Yes, VERHELST GROUP is an active enterprise in the KBO register.
How many employees does VERHELST GROUP have?
VERHELST GROUP had an average of 18.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does VERHELST GROUP fall under?
In its 2025 annual accounts, VERHELST GROUP states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of VERHELST GROUP?
The turnover of VERHELST GROUP was €190,870 in financial year 2025, according to the filed annual accounts.
Is VERHELST GROUP profitable?
In financial year 2025, VERHELST GROUP made a profit of €9.9m.
Where can I find the annual accounts of VERHELST GROUP?
VERHELST GROUP filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VERHELST GROUP due?
VERHELST GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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