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VERHELST LOGISTICS

Active
Public limited companyfounded 1973active for 53 yearsStationsstraat 30, 8460 Oudenburg, Belgium17 active companies are registered at this addressKBO/BCE: BE 0413.152.692
Summary

VERHELST LOGISTICS has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.3m and a net result of €190,206. Equity is growing by about 2.9% per year across the filed financial years. Its solvency ranks better than 68% of 1,071 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
VERHELST LOGISTICSActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Freight transport by road
NACE 49410
4th largest employer in Oudenburg1 site
Size
€17.5mturnover 2025
Staff
43.1 FTE
Equity
€9.3m
Profit
€190,206
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
GROEP VERHELST · 100%
Holdings
3
Auditor: CALLENS VANDELANOTTE2025 accounts 11 days early4 of 23 deeds summarised
Why 84raises riskLiquidity: current ratio 1.94, cash €49,282, halvedSector: Land transport and transport via pipelines (NACE 49)lowers riskFounded in 1973Size: turnover €17.5m, 43.1 FTE, total assets €16.2mShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 49, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 82+9
equity 57.3% of total assets
Liquidity 31-3
short-term debt 40.3% · cash 0.3%
Profitability 55-6
return on assets 1.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,181 companies, NACE 49, small)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.94, compared with 1.66 in 2024, above the usual 1.5; short-term debt: 40.3% and cash: 0.3% of total assets), and 42.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 49, small): better than 74% on solvency, 24% on liquidity, 19% on profitability and 54% on growth.

The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1973
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.94, cash €49,282, halved
NBB · annual accounts
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Size: turnover €17.5m, 43.1 FTE, total assets €16.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 days early
2024
9 days early
2023
30 days late
2022
19 days early
2021
25 days early
2020
17 days early
2019
14 days 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 9 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% 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 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Havecon BV (director)Permanent representative: Kathleen Verhelst ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Reappointment: NV Callens Vandelanotte (statutory auditor)Permanent representative: Kathleen Verhelst

Key points

  • Positive: Among the best 9% on equitysector median €1.0m · 1,070 companies €9.3m View
  • Positive: 5 years of growth in a rowturnover 2025: €17.5m 5 years View
  • Caution: A director leftlatest change 10-07-2026 · 1 in office 1 left View
  • Controlled by GROEP VERHELSTultimately: BOUW BEHEER 100% View
  • Active since 1973founded 20-04-1973 53 years View
  • Flemish supportawarded from 2023 to 2025 €190,800 View

By topic

Financials

Financial year
2025
Turnover
€17.5m
Profit
€190,206
Solvency
57.3%
Turnover▲ 6.5%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
GROEP VERHELST · 100%
Auditor
CALLENS VANDELANOTTE
  • Denko InternationalDirector
Go to Board & ownership

Timeline

Events
55
Since
1979
Next accounts
by 31-07-2027
  1. 22-07-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 30-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Freight transport by roadNACE 49410
Founded
20-04-1973
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Annual meeting
Last Friday of June
Purpose
“Alle roerende en onroerende goederen materiaal en inrichting mogen aankopen,in pacht…” (deed in Dutch)
Go to Articles of association

Key facts about VERHELST LOGISTICS

What is the company number of VERHELST LOGISTICS?
0413.152.692. In Belgium the VAT number is the company number with BE in front: BE 0413.152.692.
Where is VERHELST LOGISTICS based?
The registered office is at Stationsstraat 30, 8460 Oudenburg.Company details
What does VERHELST LOGISTICS do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of VERHELST LOGISTICS?
Public limited company (NV).
When was VERHELST LOGISTICS founded?
On 20-04-1973.
Is VERHELST LOGISTICS still active?
Yes, VERHELST LOGISTICS is an active enterprise in the KBO register.
How many employees does VERHELST LOGISTICS have?
On average 43.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of VERHELST LOGISTICS?
€17.5m in financial year 2025, according to the filed annual accounts.
Is VERHELST LOGISTICS profitable?
In financial year 2025, VERHELST LOGISTICS made a profit of €190,206.
Where can I find the annual accounts of VERHELST LOGISTICS?
VERHELST LOGISTICS filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of VERHELST LOGISTICS due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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