Overdue debts
The annual accounts state €217,965 of overdue social security (RSZ) debts on 31-12-2025.
The annual accounts state €217,965 of overdue social security (RSZ) debts on 31-12-2025.
Back in profit in 2025, after a loss of €1.1m in 2024.
Debts rose by €40.7m in 2025.
VERHELST GROUP pays its suppliers 215 days later than in 2024. Customers pay 1,122 days earlier.
Heads a group.
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, small). It does better than 31% of them on solvency, 14% on liquidity, 46% on profitability and 82% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Liquidity is insufficient, with a current ratio of 0.7 (1.22 in 2024), below 1. Short-term debt is 51% and cash 4% of total assets. 68.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Shares in 7 companies, including EUROPEAN PORT SERVICES and Top-Mix
Board & ownership| Company | ||||
|---|---|---|---|---|
| VERHELST GROUP Ostend | €0.2m | - | 31.2% | 18.8 |
| DE BONTE NEW GENERATION Waasmunster | €0.5m | - | 63.0% | 5.9 |
| WE Accompagnement et Stratégie Liège | €0.2m | - | 6.6% | 52.5 |
| FAMO Hove | €0.6m | - | 71.6% | 4 |
| Windhoek Bruges | €0.4m | 87.9% | 90.9% | - |
| greif services belgium Brecht | €1.3m | - | 12.7% | 11.4 |
| WEBPLICATIONS Antwerp | €0.5m | - | -37.2% | 2 |
These companies have the same main activity as VERHELST GROUP: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €21m and €190m, founded between 1989 and 2014.
VERHELST GROUP has existed since 1999. The present size dates from 2013. The gross margin rose that year from €71,788 to €279,942.
Solvency fell in 2025 from 41.9% to 31.2%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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