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VERHELLE

Active
Private limited companyfounded 199531 yrs activeNachtegaallaan 2, 8520 Kuurne, BelgiumKBO/BCE: BE 0455.605.436
Summary

VERHELLE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270,439 and a net result of -€3,183. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 380 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Cutting, shaping and finishing of stone
NACE 23700Manufacture of computer, electronic and optical products NACE 26700
1 site
Size
€279,898total assets 2025
Equity
€270,439
Loss
-€3,183
Turnover not published (abridged schema)
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 5 d early0 of 2 deeds read
Why 92- Liquidity: current ratio 16.95, cash €3,419+ Founded in 1995+ Equity €270,439 (96.6% of total assets)+ Sector Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 53% of its sector peers (NACE 23, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency 100=
equity 96.6% of total assets
Liquidity 52+2
short-term debt 3.4% · cash 1.2%
Profitability 67+60
return on assets -1.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (851 companies)
Last 12 months 11-2025: 0.3% 12-2025: 0.3%▼ -1.7% vs 11-2025 01-2026: 0.4%▲ +18.2% vs 12-2025highest value 02-2026: 0.1%▼ -72.1% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.1%● 0.0% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%▼ -0.9% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%▲ +0.9% vs 08-2026 10-2026: 0.1%▲ +8.9% vs 09-2026
  • Liquidity: current ratio 16.95, cash €3,419 raises the probability
  • Founded in 1995 lowers the probability for this profile
  • Equity €270,439 (96.6% of total assets) lowers the probability
  • Sector Manufacture of other non-metallic mineral products (NACE 23) lowers the probability
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 16.95 against 55.41 in 2024; short-term debt: 3.4% and cash: 1.2% of total assets), and 3.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 23, micro). Better than this share of them on solvency 89%, liquidity 50%, profitability 40%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 16.95, cash €3,419
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1995
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €270,439 (96.6% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Sector Manufacture of other non-metallic mineral products (NACE 23)
In the bankruptcy model this factor lowers the probability.
KBO
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
19202122232425
2019 to 2025 · latest year -€3,183
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
5 d early
2024
5 d late
2023
on the day
2022
20 d early
2021
4 d early
2020
2 d early
2019
46 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 10 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€26,702

Key points

  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€3,183 View
  • Positive: Among the best 5% on solvencysector median 48.8% · 380 companies 96.6% View
  • Active since 1995founded 03-07-1995 31 years View

By topic

Financials

Fiscal year
2025
Total assets
€279,898
Loss
-€3,183
Solvency
96.6%
Total assets▲ 1.4%
Net result
20192025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-01-2027
  1. 26-01-2026Annual accounts filed
  2. 05-02-2025Annual accounts filed
  3. 30-06-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Cutting, shaping and finishing of stoneNACE 23700
Founded
03-07-1995
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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