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Tim Verhelle Construct

Active Private limited companyfounded 2019active for 7 yearsMerelstraat 22, 8020 OostkampKBO/BCE: BE 0717.808.017
Tim Verhelle Construct
Financial year 2025
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Annual accounts 2025

micro format, filed on 13-08-2026, 13 days late
€120,998
▲ 2.5%
€110,661
▲ 4.6%
€80,786
▼ 4.4%
€187,146
▼ 19.9%
49.1%
▼ 26.8 percentage points
2.24
▼ 4.13

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €220,000. Estimated: probably between €160,000 and €400,000.

Balance sheet

balance sheet total €354,767 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

49.1%

Higher than 65% of 17,185 companies in 2025.

2.24

Higher than 70% of 16,482 companies in 2025.

22.8%

Higher than 87% of 16,861 companies in 2025.

Tim Verhelle Construct Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 354,767304,264350,189331,274267,004160,703
21/28 17,02227,23935,66947,16222,25728,319
22/27 17,02227,23935,66947,16222,25728,319
24 17,02227,23935,66947,16222,25728,319
29/58 337,745277,025314,520284,112244,747132,384
40/41 23,2196,6372391,24120,20214,689
40 16,2021031411,24119,74914,448
41 7,0176,53498-453241
50/53 200,000-----
54/58 112,985269,910313,827282,384224,128117,316
490/1 1,541478454487416379
Balance sheet: equity and liabilities
10/49 354,767304,264350,189331,274267,004160,703
10/15 174,168230,770153,381227,418153,38181,627
10/11 111111
13 174,167230,769153,380227,417153,38081,626
133 174,167230,769153,380227,417153,38081,626
17/49 180,59973,494196,808103,856113,62279,076
17 30,00030,00030,00030,00030,00030,000
170/4 30,00030,00030,00030,00030,00030,000
42/48 150,59943,494166,80873,85683,62249,076
43 ---1,216--
430/8 ---1,216--
44 1,8749121,2121,4057743,474
440/4 1,8749121,2121,4057743,474
45 10,45228,16727,50861,62172,92942,102
450/3 10,45228,16727,50861,62172,92942,102
47/48 138,27214,416138,0889,6149,9193,500
Income statement
76A 559-----
9900 120,998118,06089,467101,567108,790130,054
630 9,63411,52911,4935,5918,21912,652
640/8 704747759530111303
9901 110,661105,78477,21595,446100,460117,099
75/76B 5141,1641,1822038
75 5141,1641,1822038
65/66B 681663655648644668
65 681663655648644668
9903 110,493106,28677,74294,80099,816116,469
67/77 29,70721,81417,68819,96328,06234,843
9904 80,78684,47260,05474,83771,75481,626
9905 80,78684,47260,05474,83771,75481,626
Appropriation of the result
9906 80,78684,47260,05474,83771,75481,626
791/2 77,389-74,037---
691/2 20,78677,389-74,03771,75481,626
6921 20,78677,389-74,03771,75481,626
694/7 137,3897,083134,091800--
694 137,389833134,091800--
695 -6,250----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 13-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 13 days after the deadline. Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395830.

Financial year Type Filed Reference Document
31-12-2025 micro format 13-08-2026 2026-00395830 PDF
31-12-2024 micro format 19-08-2025 2025-00386015 PDF
31-12-2023 micro format 09-07-2024 2024-00225250 PDF
31-12-2022 micro format 27-06-2023 2023-00160262 PDF
31-12-2021 micro format 29-06-2022 2022-20105939 PDF
31-12-2020 micro format 29-06-2021 2021-27400402 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
120,295117,31388,708101,037108,679129,751
90,42096,00171,54780,42879,97494,278
-5843,100042,9122,15740,971
-156,925-43,91731,44358,256106,812-
187,146233,531147,712210,256161,12483,308
49.1%75.8%43.8%68.6%57.4%50.8%
2.246.371.893.852.932.70
1.040.321.280.460.740.97
46.4%36.6%39.2%32.9%46.8%100.0%
22.8%27.8%17.1%22.6%26.9%50.8%
over 100over 100over 100over 100over 100-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€3,100-€42,912€2,157
€9,634€11,529€11,493€5,591€8,219

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Tim Verhelle Construct

The operating result for 2025 is 5% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 24.2% to 50.9%. Equity is lower and debt is higher.

Next steps

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