VERHELST
ActiveVERHELST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €18k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-33
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.35 in 2024), and 25.9% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
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
74.1%
Return on assets
9.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
25 d late
2023
21 d late
2022
22 d late
2021
5 d late
2020
30 d late
2019
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€137k▲ 15.3%
2024 · €119k
2019: €71k
2020: €92k
2021: €108k
2022: €116k
2023: €119k
2024: €119k
2019 → 2025
Total assets
€185k▲ 4.0%
2024 · €178k
2019: €192k
2020: €201k
2021: €202k
2022: €207k
2023: €208k
2024: €178k
2019 → 2025
Net result
€18k▼ 27.8%
2024 · €25k
2019: €1k
2020: €21k
2021: €15k
2022: €22k
2023: €26k
2024: €25k
2019 → 2025
Working capital
€99k▲ 24.2%
2024 · €80k
2019: €46k
2020: €57k
2021: €70k
2022: €77k
2023: €79k
2024: €80k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€116k▲ 7.4%€119k▲ 2.8%€119k▲ 0.4%€137k▲ 15.3%
Operating result€22k-€33k▲ 47.2%€40k▲ 21.8%€39k▼ 3.0%€29k▼ 23.9%
Net result€15k-€22k▲ 46.1%€26k▲ 15.1%€25k▼ 2.2%€18k▼ 27.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185k
Fixed assets
€38k▼ 2.7%
Current assets
€147k▲ 5.9%
Equity and liabilities €185k
Equity
€137k▲ 15.3%
Debt
€48k▼ 18.9%
The debt ratio falls from 33.2% to 25.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€30k▼
2024 · €40k
Cash flow
€19k▼
2024 · €26k
Solvency
74.1%▲
2024 · 66.8%
Current ratio
3.07▲
2024 · 2.35
Quick ratio
3.07▲
2024 · 2.35
Debt / equity
0.35▼
2024 · 0.50
ROE
13.3%▼
2024 · 21.2%
ROA
9.9%▼
2024 · 14.2%
Interest coverage
44.31▼
2024 · 79.86
Debt
€48k▼
2024 · €59k
Debt ≤ 1 year
€48k▼
2024 · €59k
Income taxes
€10k▼
2024 · €13k
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€178k€185k▲
Fixed assets21/28€39k€38k▼
Tangible fixed assets22/27€38k€37k▼
Land and buildings22€37k€36k▼
Furniture and vehicles24€666€452▼
Financial fixed assets28€1k€1k=
Current assets29/58€139k€147k▲
Amounts receivable within one year40/41€136k€145k▲
Trade receivables40€3k€197▼
Other amounts receivable41€133k€145k▲
Cash at bank and in hand54/58€534€0▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€178k€185k▲
Equity10/15€119k€137k▲
Contributions10/11€8k€8k=
Reserves13€111k€130k▲
Distributable reserves133€111k€130k▲
Amounts payable17/49€59k€48k▼
Amounts payable within one year42/48€59k€48k▼
Financial debts43€46€20k▲
Credit institutions430/8€46€20k▲
Trade debts44€563€2k▲
Suppliers440/4€563€2k▲
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€17k€10k▼
Other amounts payable47/48€41k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A€6k€2k▼
Gross operating margin9900€51k€39k▼
Operating profit (loss)9901€39k€29k▼
Financial charges65/66B€495€685▲
Recurring financial charges65€495€685▲
Profit (loss) for the period before taxes9903€38k€29k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€25k€18k▼
Profit (loss) for the period to be appropriated9905€25k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€18k▼
Transfer from equity791/2€25k-
Transfer to equity691/2€25k€18k▼
To other reserves6921€25k€18k▼
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
The notes to these accounts (5 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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
31-03
Financial
Highest result since 2019net €26k ▲15.1%
Operating result €40k, net result €26k, both a record.
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
31-03
Financial
Equity above €100kEq €108k ▲16.7%
3 profitable years in a row build equity to €108k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Eeklo · 1 establishment unit since 1992
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.
Zeelaan 179900 EekloGround area
3,358 m²
Building footprint
306 m²
Volume, LiDAR
1,661 m³
Parcel 43005A0751/00P002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Verhelst MVC
since 19922.057.724.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43005A0751/00P002 | Flanders | 3,358 m² | 1 · 306 m² | 10.3 m · 2 fl. |
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.
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Of 908 companies in sector 25120 we hold annual accounts for 677. 519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-1992
Fiscal year end31-03
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:093783279