VERHELST SERVICES

Active

Private limited companyfounded 20241 yr activeOudenburgsesteenweg 106, 8400 Oostende, BelgiumKBO/BCE: BE 1016.042.930

Summary

The annual accounts of VERHELST SERVICES for fiscal year 2025 show a net loss of 57% of total assets. The 2025 annual accounts show equity of €6,486 and a net result of -€5,514. Its solvency ranks better than 79% of 458 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisWatch Report Compare

VERHELST SERVICESActiveChecked score 56/100

Risk analysis Report Compare

What they do

Construction of roads and motorways

NACE 42110

How big

€9,614total assets 2025

Equity: €6,486
Loss: -€5,514

Turnover not published (abridged schema)

Financially healthy?

56 Fair Checked score 2025

Bankruptcy chance 12 m: 1.2%

Who decides

Parent: VERHELST AANNEMINGEN · 100%

Auditor: Callens VandelanotteAccounts filed 32 d late1 of 2 deeds read

Why 56Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Founded in 2024- Latest accounts 32 days late; 1 of the last 3 late- No establishment unit in the KBO+ Liquidity: current ratio 3.07, cash €9,614Show the evidence

Checked score

Score 2025

56 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 56% of its sector peers (NACE 42, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength

Average

Solvency 92

equity 67.5% of total assets

Liquidity 86

short-term debt 32.5% · cash 100.0%

Profitability 0

return on assets -57.3%

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,835 companies)

Last 24 months 12-2025: 3.0% 01-2026: 3.0%▲ +2.6% vs 12-2025 02-2026: 3.1%▲ +2.0% vs 01-2026 03-2026: 3.8%▲ +22.6% vs 02-2026 04-2026: 3.8%▲ +0.4% vs 03-2026 05-2026: 4.2%▲ +10.2% vs 04-2026 06-2026: 4.7%▲ +10.3% vs 05-2026 07-2026: 4.7%▲ +1.8% vs 06-2026highest value 08-2026: 4.6%▼ -3.1% vs 07-2026 09-2026: 4.6%▲ +0.2% vs 08-2026 10-2026: 1.2%▼ -74.7% vs 09-2026lowest value

Liquidity: current ratio 3.07, cash €9,614 lowers the probability
Founded in 2024 raises the probability for this profile
Latest accounts 32 days late; 1 of the last 3 late raises the probability
No establishment unit in the KBO raises the probability

No publishable credit limit; credit 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 ample (current ratio 3.07; short-term debt: 32.5% and cash: 100% of total assets), and 32.5% 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 42, micro). Better than this share of them on solvency 76%, liquidity 86%, profitability 5%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, 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.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 3.07, cash €9,614

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Latest accounts 32 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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 · 1 filing

Deviation from the deadline

2025

32 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

17-09-26 Appointment: Callens Vandelanotte (statutory auditor)Power of attorney
01-09-26 Annual accounts filedfiscal year 2025 · abbreviated…

Key points

Caution: Among the weakest 13% on equitysector median €337,662 · 458 companies €6,486 View
Controlled by VERHELST AANNEMINGENultimately: VERHELST GROUP 100% View
Total assets 2025first fiscal year filed €9,614 View