Skip to content

Studiebureau Verhulst

Active
Private limited companyfounded 2022active for 4 yearsZuidstraat(FEER) 190, 8480 Ichtegem, BelgiumKBO/BCE: BE 0788.696.706
Summary

The annual accounts of Studiebureau Verhulst for financial year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €3,659 and a net result of -€6,825. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 15% of 2,559 sector peers (NACE 71, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 18-07-2022 Normal situation
Activity
Other technical testing and analysis NACE 71209and 2 others
Establishment unit
2.333.609.766 8480 Ichtegem, since 18-07-2022
Financial year end
31 December
Peppol
Reachable since 21-11-2025

Board and ownership

Board
Shareholders
  • VERHULST Kristofact of 20-07-2022

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2025
Gross margin
€11,937
▲ 562%
Turnover
≈ €72,000
estimated
Loss
€6,825
▼ 61.3%
Equity
€3,659
▼ 65.1%
Total assets
€44,956
▼ 37.0%
  • 2025 accounts filed 31 days after the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLoss of €6,825, the second in a row (financial year 2025)lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €44,956Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 14% of micro companies in architecture and engineering (NACE 71)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 33-7
equity 8.1% of total assets
Liquidity 41-10
short-term debt 45.7% · cash 10.4%
Profitability 29+27
return on assets -15.2%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,826 companies, NACE 71, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.5%▲ +0.3 percentage points vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 0.8%▼ -0.2 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.3%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 1.2%▼ -0.1 percentage points vs 08-2026 10-2026: 1.2%● unchanged vs 09-2026 11-2026: 1.2%● unchanged vs 10-2026
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.46 (0.74 in 2024), below 1. Short-term debt is 45.7% and cash 10.4% of total assets. 91.9% of the assets are financed with debt and provisions.
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 71, micro). It does better than 14% of them on solvency, 20% on liquidity, 15% on profitability and 8% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

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 check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Signals

Seven signals.
lowers riskraises risk
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €44,956
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €6,825, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
22232425
2022 to 2025 · latest year -€6,825
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2559 sector peers (2025).
NBB · sector comparison
Position among 2559 sector peers
Solvency
better than 15%
← weakest strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
31 days late
2024
29 days late
2023
43 days early
2022
17 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average on the deadline day. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 6 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2022.
KBO publications

Key points

  • Caution: Less equity than 89% of companies in architecture and engineeringsector median €195,307 · 2,561 companies €3,659 View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€6,825 View

Recent changes

  1. · Gazette deed Registered office moved from Bruges to IchtegemNew seat: Zuidstraat 190, 8480 Ichtegem · Previous seat: Baron Ruzettelaan 7/0 bus 719, 8310 Brugge · Permanent representative: Stijn PUYPE
  2. · Gazette deed IncorporationStarting capital €2,500 · Appointment: VERHULST Kristof (director) · Founder: VERHULST Kristof · Founding capital €2,500, 100 shares
All 8 events

Comparable companies

These companies have the same main activity as Studiebureau Verhulst: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €30,100 and €51,300, founded between 2021 and 2023.

CompanyTotal assetsGross margin
Studiebureau Verhulst Ichtegem€44,956€11,937
E.L.X. Group Lier€51,337€10,418
RPO PROJECTS Schaarbeek€46,134€10,606
Safety Worx Pajottegem€39,821€10,279
LA (Lessons and advice) Waregem€30,098€12,317
THERMOTIS Zedelgem€49,825€21,780
A.M. Expertise Eghezée€48,205€15,318
Full comparison

Key facts about Studiebureau Verhulst

What is the company number of Studiebureau Verhulst?
The company number of Studiebureau Verhulst is 0788.696.706. The VAT number is the same number with BE in front: BE 0788.696.706.
Where is Studiebureau Verhulst based?
The registered office is at Zuidstraat(FEER) 190, 8480 Ichtegem.Company details
What does Studiebureau Verhulst do?
According to the KBO register, the main activity is other technical testing and analysis (NACE 71209).
What is the legal form of Studiebureau Verhulst?
The legal form of Studiebureau Verhulst is Private limited company (BV).
When was Studiebureau Verhulst founded?
Studiebureau Verhulst was founded on 18-07-2022.
Is Studiebureau Verhulst still active?
Yes, Studiebureau Verhulst is an active enterprise in the KBO register.
What is the turnover of Studiebureau Verhulst?
The turnover in financial year 2025 is ≈ €72,000. This figure is estimated from the gross margin of €11,937 and 46 comparable companies (NACE 71). It probably lies between €35,000 and €170,000. It is a rough estimate.Financials
Is Studiebureau Verhulst profitable?
In financial year 2025, Studiebureau Verhulst made a loss of €6,825.
Where can I find the annual accounts of Studiebureau Verhulst?
Studiebureau Verhulst filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Studiebureau Verhulst due?
Studiebureau Verhulst must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.