P. VERHELST
ActiveP. VERHELST has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €343k and a net result of €23k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 95% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-23
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 22.19 against 16.09 in 2024; short-term debt: 3.5% and cash: 75.3% of total assets), and 3.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.4%
Return on assets
6.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
76 d early
2023
111 d early
2022
80 d early
2021
74 d early
2020
59 d early
2019
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€343k▲ 7.1%
2024 · €320k
2018: €46k
2019: €86k
2020: €86k
2021: €88k
2022: €93k
2023: €168k
2024: €320k
2018 → 2025
Total assets
€356k▲ 4.1%
2024 · €342k
2018: €89k
2019: €144k
2020: €151k
2021: €192k
2022: €295k
2023: €178k
2024: €342k
2018 → 2025
Net result
€23k▼ 85.0%
2024 · €152k
2018: €29k
2019: €80k
2020: €59k
2021: €92k
2022: €185k
2023: €75k
2024: €152k
2018 → 2025
Working capital
€267k▼ 16.4%
2024 · €319k
2018: €46k
2019: €86k
2020: €86k
2021: €88k
2022: €93k
2023: €168k
2024: €319k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€93k▲ 5.1%€168k▲ 81.4%€320k▲ 90.7%€343k▲ 7.1%
Operating result€123k-€246k▲ 99.8%€101k▼ 59.2%€197k▲ 96.1%€30k▼ 84.7%
Net result€92k-€185k▲ 99.7%€75k▼ 59.2%€152k▲ 102%€23k▼ 85.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356k
Fixed assets
€77k▲ 3,615%
Current assets
€279k▼ 17.9%
Equity and liabilities €356k
Equity
€343k▲ 7.1%
Debt
€13k▼ 40.2%
The debt ratio falls from 6.3% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▼
2024 · €198k
Cash flow
€34k▼
2024 · €153k
Solvency
96.4%▲
2024 · 93.7%
Current ratio
22.19▲
2024 · 16.09
Quick ratio
22.19▲
2024 · 16.09
Debt / equity
0.04▼
2024 · 0.07
ROE
6.6%▼
2024 · 47.6%
ROA
6.4%▼
2024 · 44.6%
Interest coverage
59.16▼
2024 · 590.42
Debt
€13k▼
2024 · €22k
Debt ≤ 1 year
€13k▼
2024 · €21k
Income taxes
€7k▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€342k€356k▲
Fixed assets21/28€2k€77k▲
Tangible fixed assets22/27€2k€77k▲
Plant, machinery and equipment23€2k€13k▲
Furniture and vehicles24-€64k
Current assets29/58€340k€279k▼
Amounts receivable within one year40/41€33k€8k▼
Trade receivables40€29k€5k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€306k€268k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€342k€356k▲
Equity10/15€320k€343k▲
Contributions10/11€6k€6k=
Reserves13€314k€337k▲
Distributable reserves133€314k€337k▲
Amounts payable17/49€22k€13k▼
Amounts payable within one year42/48€21k€13k▼
Trade debts44€29€2k▲
Suppliers440/4€29€2k▲
Taxes, remuneration and social security45€21k€8k▼
Taxes450/3€18k€8k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48-€3k
Accrued charges and deferred income492/3€549€382▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€371€11k▲
Other operating charges640/8€758€859▲
Gross operating margin9900€199k€42k▼
Operating profit (loss)9901€197k€30k▼
Financial income75/76B€10€2▼
Recurring financial income75€10€2▼
Financial charges65/66B€335€699▲
Recurring financial charges65€335€699▲
Profit (loss) for the period before taxes9903€197k€30k▼
Income taxes67/77€45k€7k▼
Profit (loss) for the period9904€152k€23k▼
Profit (loss) for the period to be appropriated9905€152k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€152k€23k▼
Transfer to equity691/2€152k€23k▼
To other reserves6921€152k€23k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €23k ▼85%
Net result drops to €23k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €320k ▲90.7%
7 profitable years in a row build equity to €320k.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 12current ratio 18.16
Current ratio from 1.46 to 18.16; short-term debt falls from €203k to €10k.
31-12
Financial
Equity above €150kEq €168k ▲81.4%
6 profitable years in a row build equity to €168k.
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €185k ▲99.7%
Operating result €246k, net result €185k, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Oudenburg · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Klemskerksestraat 68460 OudenburgGround area
3,856 m²
Building footprint
163 m²
Volume, LiDAR
196 m³
Parcel 35004A0399/00C000, Flanders · tallest building 22.5 m. Linked by address, not a title deed.
1 establishment unit
P. VERHELST
since 20142.236.458.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35004A0399/00C000 | Flanders | 3,856 m² | 1 · 163 m² | 22.5 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 675 EUR awarded · 675 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 675 EUR | 675 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 10,674 companies in sector 47811 we hold annual accounts for 5,223. 3,611 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2014
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
45112
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.