Verhelst MVC
ActiveSummary
The annual accounts of Verhelst MVC for fiscal year 2025 show a net loss of 53% of the equity at the start of that year. The 2025 annual accounts show equity of €87k and a net result of €-100k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 12% of 1030 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-51
Solvency36▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.09 against 1.22 in 2024; short-term debt: 88.2% and cash: 2.1% of total assets), and 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
-12.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1030 sector peers (2025).
NBB · sector comparisonPosition among 1030 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 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
28 d late
2023
1 d late
2022
on the day
2021
18 d late
2020
15 d late
2019
10 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€87k▼ 53.4%
2024 · €187k
2019: €104k
2020: €159k
2021: €271k
2022: €286k
2023: €171k
2024: €187k
2019 → 2025
Total assets
€778k▼ 4.9%
2024 · €817k
2019: €771k
2020: €860k
2021: €896k
2022: €879k
2023: €704k
2024: €817k
2019 → 2025
Net result
€-100k
2024 · €16k
2019: €75k
2020: €55k
2021: €111k
2022: €15k
2023: €-115k
2024: €16k
2019 → 2025
Working capital
€61k▼ 56.0%
2024 · €138k
2019: €177k
2020: €231k
2021: €326k
2022: €344k
2023: €220k
2024: €138k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€271k-€286k▲ 5.5%€171k▼ 40.2%€187k▲ 9.4%€87k▼ 53.4%
Operating result€178k-€36k▼ 79.9%€-105k€31k€-81k
Net result€111k-€15k▼ 86.6%€-115k€16k€-100k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €81k after €31k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €778k
Fixed assets
€31k ▼ 41.8%
Current assets
€747k ▼ 2.3%
Equity and liabilities €778k
Equity
€87k ▼ 53.4%
Debt
€690k ▲ 9.5%
Debt's share of the balance-sheet total rises from 77.1% to 88.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-56k▼
2024 · €56k
Cash flow
€-75k▼
2024 · €41k
Current ratio
1.09▼
2024 · 1.22
Quick ratio
1.03▼
2024 · 1.20
Debt to equity
7.93▲
2024 · 3.38
ROE
-114.5%▼
2024 · 8.6%
ROA
-12.8%▼
2024 · 2.0%
Interest coverage
-3.05▼
2024 · 3.89
Debt ≤ 1 year
€686k▲
2024 · €626k
Income taxes
€575▼
2024 · €585
Staff costs
€679k▼
2024 · €716k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€817k€778k▼
Fixed assets21/28€53k€31k▼
Tangible fixed assets22/27€52k€30k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€23k€12k▼
Leasing and similar rights25€4k€457▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€1k€945▼
Current assets29/58€764k€747k▼
Stocks and contracts in progress3€10k€40k▲
Stocks30/36€10k€15k▲
Contracts in progress37-€25k
Amounts receivable within one year40/41€714k€685k▼
Trade receivables40€684k€654k▼
Other amounts receivable41€30k€30k▲
Cash at bank and in hand54/58€33k€16k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€817k€778k▼
Equity10/15€187k€87k▼
Contributions10/11€6k€6k=
Reserves13€279k€279k=
Distributable reserves133€279k€279k=
Profit (loss) carried forward14€-99k€-199k▼
Amounts payable17/49€631k€690k▲
Amounts payable after more than one year17€372-
Financial debts170/4€372-
Amounts payable within one year42/48€626k€686k▲
Current portion of amounts payable after more than one year42€16k€372▼
Financial debts43€181k€182k▲
Credit institutions430/8€181k€182k▲
Trade debts44€212k€268k▲
Suppliers440/4€212k€268k▲
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€37k€41k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9€33k€36k▲
Other amounts payable47/48€174k€194k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€716k€679k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€24k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€775k€628k▼
Operating profit (loss)9901€31k€-81k▼
Financial income75/76B€33€84▲
Recurring financial income75€33€84▲
Financial charges65/66B€14k€18k▲
Recurring financial charges65€14k€18k▲
Profit (loss) for the period before taxes9903€17k€-99k▼
Income taxes67/77€585€575▼
Profit (loss) for the period9904€16k€-100k▼
Profit (loss) for the period to be appropriated9905€16k€-100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-99k€-199k▼
Profit (loss) brought forward from the previous period14P€-115k€-99k▲
Social balance
Average headcount (FTE)908712.812.3▼
The notes to these accounts (11 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
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-06
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
30-06
Financial
Weakest financial yearnet €-115k ▼872%
Net result drops to €-115k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
30-06
Financial
Highest result since 2019net €111k ▲103%
Operating result €178k, net result €111k, both a record.
30-06
Financial
Equity above €200kEq €271k ▲69.9%
3 profitable years in a row build equity to €271k.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 15 days late
2020
30-06
Financial
Equity above €150kEq €159k ▲52.5%
2 profitable years in a row build equity to €159k.
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2005
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 20052.145.942.282
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 44,655 EUR awarded · 44,655 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 10,006 EUR | 10,006 EUR |
| 2024 | 1 | 8,834 EUR | 8,834 EUR |
| 2023 | 1 | 14,281 EUR | 14,281 EUR |
| 2022 | 1 | 11,534 EUR | 11,534 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsLassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Similar companies · same sector, comparable size
RENOBATO
BE 0889.381.419
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FRANCOBEL
BE 0877.329.663
Comines-Warneton · Eq €87,267
ALUWORKX
BE 0792.591.255
Ranst · Eq €86,899
EK METALS
BE 0805.962.211
Genk · Eq €86,844
FL-E
BE 0822.292.061
Bocholt · Eq €87,454
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,591 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2005
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
28250Manufacture of machinery and equipment not elsewhere classified
25402Manufacture of fabricated metal products, except machinery and equipment
31009Manufacture of furniture
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09/377 01 44