Group Verhellen
ActiveSummary
Group Verhellen has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,965) and a net result of €64,486. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 1765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+1
Solvency24▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.32 in 2024; short-term debt: 71.9% and cash: 1.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1765 sector peers (2025).
NBB · sector comparisonPosition among 1765 sector peers
Solvency
better than 9%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 d early
2024
18 d late
2023
114 d late
2022
119 d late
2021
31 d late
2020
27 d late
2019
92 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 84 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€11,965▲ 84.3%
2024 · -€76,451
Total assets
€1.0m▲ 36.6%
2024 · €763,934
Net result
€64,486▲ 72.1%
2024 · €37,477
Working capital
-€310,921▲ 9.3%
2024 · -€342,861
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€27,508▲ 74.8%-€64,309▼ 134%-€84,395▼ 31.2%€48,243€56,201▲ 16.5%
Net result-€49,529below the sector's middle half▲ 58.8%-€88,309below the sector's middle half▼ 78.3%-€90,483below the sector's middle half▼ 2.5%€37,477within the sector's middle half€64,486within the sector's middle half▲ 72.1%
Equity€64,864below the sector's middle half▼ 43.3%-€23,445below the sector's middle half-€113,928below the sector's middle half▼ 386%-€76,451below the sector's middle half▲ 32.9%-€11,965below the sector's middle half▲ 84.3%
Total assets€983,108within the sector's middle half▼ 8.4%€811,111below the sector's middle half▼ 17.5%€824,860below the sector's middle half▲ 1.7%€763,934below the sector's middle half▼ 7.4%€1.0mwithin the sector's middle half▲ 36.6%
Debt€918,244▼ 4.3%€834,556▼ 9.1%€938,788▲ 12.5%€840,385▼ 10.5%€1.1m▲ 25.6%
Working capital-€184,573below the sector's middle half▼ 16.4%-€289,049below the sector's middle half▼ 56.6%-€358,816below the sector's middle half▼ 24.1%-€342,861below the sector's middle half▲ 4.4%-€310,921below the sector's middle half▲ 9.3%
Solvency6.6%below the sector's middle half▼ 4.1pp-2.9%below the sector's middle half▼ 9.5pp-13.8%below the sector's middle half▼ 10.9pp-10.0%below the sector's middle half▲ 3.8pp-1.1%below the sector's middle half▲ 8.9pp
Current ratio0.54below the sector's middle half▲ 0.030.33below the sector's middle half▼ 0.210.38below the sector's middle half▲ 0.050.32below the sector's middle half▼ 0.060.59below the sector's middle half▲ 0.26
Return on assets (ROA)-5.0%below the sector's middle half▲ 6.1pp-10.9%below the sector's middle half▼ 5.8pp-11.0%below the sector's middle half▼ 0.1pp4.9%within the sector's middle half▲ 15.9pp6.2%within the sector's middle half▲ 1.3pp
Staff (FTE)0.3below the sector's middle half1below the sector's middle half▲ 233%0.5below the sector's middle half▼ 50.0%0below the sector's middle half▼ 100%1within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€604,581 ▲ 0.9%
Current assets
€439,129 ▲ 167%
Key figures and ratios
EBITDA
€99,593▲
2024 · €85,553
Cash flow
€107,878▲
2024 · €74,787
Quick ratio
0.31▲
2024 · 0.31
Debt to equity
-88.23▼
2024 · -10.99
Interest coverage
21.90▲
2024 · 7.80
Debt ≤ 1 year
€750,050▲
2024 · €507,627
Debt > 1 year
€305,625▼
2024 · €328,125
Staff costs
€24,224▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,178 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €38,500 | - | - | €17,000 | €10,991 | ▼ 35.3% |
| Remuneration, social security and pensions62 | €18,460 | €54,973 | €30,054 | €0 | €24,224 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100,574 | €96,832 | €86,415 | €37,310 | €43,392 | ▲ 16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €12,860 | €18,247 | €11,395 | -€1,876 | -€1,190 | ▲ 36.6% |
| Other operating charges640/8 | €8,798 | €7,328 | €7,620 | €9,278 | €11,907 | ▲ 28.3% |
| Non-recurring operating charges66A | - | - | - | €16,776 | €0 | ▼ 100% |
| Gross operating margin9900 | €113,184 | €113,072 | €51,089 | €109,731 | €134,534 | ▲ 22.6% |
| Operating profit (loss)9901 | -€27,508 | -€64,309 | -€84,395 | €48,243 | €56,201 | ▲ 16.5% |
| Financial income75/76B | €0 | €353 | €161 | €205 | €12,833 | ▲ 6,166% |
| Recurring financial income75 | €0 | €353 | €161 | €205 | €12,833 | ▲ 6,166% |
| Financial charges65/66B | €21,437 | €23,769 | €5,623 | €10,971 | €4,548 | ▼ 58.5% |
| Recurring financial charges65 | €21,437 | €23,769 | €5,623 | €10,971 | €4,548 | ▼ 58.5% |
| Profit (loss) for the period before taxes9903 | -€48,945 | -€87,725 | -€89,857 | €37,477 | €64,486 | ▲ 72.1% |
| Income taxes67/77 | €584 | €585 | €626 | €0 | - | - |
| Profit (loss) for the period9904 | -€49,529 | -€88,309 | -€90,483 | €37,477 | €64,486 | ▲ 72.1% |
| Profit (loss) for the period to be appropriated9905 | -€49,529 | -€88,309 | -€90,483 | €37,477 | €64,486 | ▲ 72.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €983,108 | €811,111 | €824,860 | €763,934 | €1.0m | ▲ 36.6% |
| Fixed assets21/28 | €764,384 | €667,552 | €604,254 | €599,169 | €604,581 | ▲ 0.9% |
| Tangible fixed assets22/27 | €761,249 | €664,417 | €600,984 | €596,399 | €604,311 | ▲ 1.3% |
| Land and buildings22 | €590,755 | €571,616 | €569,252 | €533,337 | €559,398 | ▲ 4.9% |
| Plant, machinery and equipment23 | €6,605 | €4,280 | €6,692 | €4,172 | €5,577 | ▲ 33.7% |
| Furniture and vehicles24 | €163,890 | €88,522 | €25,040 | €58,890 | €39,336 | ▼ 33.2% |
| Financial fixed assets28 | €3,135 | €3,135 | €3,270 | €2,770 | €270 | ▼ 90.3% |
| Current assets29/58 | €218,724 | €143,559 | €220,605 | €164,766 | €439,129 | ▲ 167% |
| Stocks and contracts in progress3 | - | €30,275 | - | €9,457 | €206,734 | ▲ 2,086% |
| Stocks30/36 | - | €17,639 | - | €8,014 | €206,734 | ▲ 2,480% |
| Contracts in progress37 | - | €12,637 | - | €1,443 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €84,408 | €42,324 | €133,761 | €62,348 | €186,378 | ▲ 199% |
| Trade receivables40 | €84,408 | €42,324 | €133,761 | €49,993 | €180,466 | ▲ 261% |
| Other amounts receivable41 | - | - | - | €12,355 | €5,913 | ▼ 52.1% |
| Cash at bank and in hand54/58 | €107,667 | €31,215 | €48,655 | €75,961 | €11,211 | ▼ 85.2% |
| Deferred charges and accrued income490/1 | €26,648 | €39,745 | €38,189 | €17,000 | €34,806 | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €983,108 | €811,111 | €824,860 | €763,934 | €1.0m | ▲ 36.6% |
| Equity10/15 | €64,864 | -€23,445 | -€113,928 | -€76,451 | -€11,965 | ▲ 84.3% |
| Contributions10/11 | €13,412 | €13,412 | €13,412 | €13,412 | €13,412 | = |
| Reserves13 | €51,452 | €51,452 | €31,904 | €31,904 | €31,904 | = |
| Non-distributable reserves130/1 | €1,868 | €1,868 | - | - | - | - |
| Reserves not available under the articles1311 | €1,868 | - | - | - | - | - |
| Other1319 | - | €1,868 | - | - | - | - |
| Tax-exempt reserves132 | €31,904 | €31,904 | €31,904 | €31,904 | €31,904 | = |
| Distributable reserves133 | €17,680 | €17,680 | - | - | - | - |
| Profit (loss) carried forward14 | - | -€88,309 | -€159,244 | -€121,767 | -€57,281 | ▲ 53.0% |
| Amounts payable17/49 | €918,244 | €834,556 | €938,788 | €840,385 | €1.1m | ▲ 25.6% |
| Amounts payable after more than one year17 | €514,875 | €401,875 | €355,625 | €328,125 | €305,625 | ▼ 6.9% |
| Financial debts170/4 | €514,875 | €401,875 | €355,625 | €328,125 | €305,625 | ▼ 6.9% |
| Amounts payable within one year42/48 | €403,297 | €432,608 | €579,422 | €507,627 | €750,050 | ▲ 47.8% |
| Current portion of amounts payable after more than one year42 | €116,500 | €113,000 | €46,250 | €27,500 | €22,500 | ▼ 18.2% |
| Financial debts43 | - | - | - | - | €417 | - |
| Credit institutions430/8 | - | - | - | - | €417 | - |
| Trade debts44 | €186,469 | €203,520 | €158,218 | €114,189 | €106,772 | ▼ 6.5% |
| Suppliers440/4 | €186,469 | €203,520 | €158,218 | €114,189 | €106,772 | ▼ 6.5% |
| Taxes, remuneration and social security45 | €1,881 | €2,107 | €1,210 | €626 | €2,176 | ▲ 248% |
| Taxes450/3 | €802 | €1,169 | €1,210 | €626 | €559 | ▼ 10.6% |
| Remuneration and social security454/9 | €1,080 | €939 | - | - | €1,617 | - |
| Other amounts payable47/48 | €98,447 | €113,981 | €373,743 | €365,312 | €618,185 | ▲ 69.2% |
| Accrued charges and deferred income492/3 | €72 | €74 | €3,741 | €4,633 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€49,529 | -€88,309 | -€90,483 | €37,477 | €64,486 | ▲ 72.1% |
| + Depreciation and write-downs630 | €100,574 | €96,832 | €86,415 | €37,310 | €43,392 | ▲ 16.3% |
| Operating cash flow (approximation) | €51,045 | €8,523 | -€4,067 | €74,787 | €107,878 | ▲ 44.2% |
| Investment in fixed assets (approximation) | - | €0 | -€23,118 | -€32,224 | -€48,804 | ▼ 51.5% |
| Change in cash | - | -€76,453 | €17,441 | €27,305 | -€64,750 | ▼ 337% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €64,486 ▲72.1%
Net result €64,486, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Back to profitnet €37,477
Net result €37,477 after 4 loss-making years.
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 114 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 119 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet -€120,112
Net result drops to -€120,112, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €234,505 ▲29.5%
2 profitable years in a row build equity to €234,505.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 2018
Ground area
3,509 m²
Building footprint
725 m²
Volume, LiDAR
4,465 m³
Parcel 45422D1012/00D000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GROUP VERHELLEN
since 20182.279.071.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D1012/00D000 | Flanders | 3,509 m² | 1 · 725 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersChain of control
- nova verhellen
- Group Verhellen
Highest known parent: nova verhellen. The sources do not say who stands above it.
Owners 2
- nova verhellenparent100%
- STATE OF ARTparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 22 EUR awarded · 22 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 22 EUR | 22 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRonse/Renaix2.279.071.814
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,012 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
43910Bricklaying and masonry work
41001General construction of residential buildings
43990Other specialised construction activities
Contact
E-mail
info@groupverhellen.beRonse
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700918832
Also
9925:BE0700918832
Registered
25-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.