Verhofsté
ActiveVerhofsté has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.61M and a net result of €57k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 38% of 671 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-37
Solvency62▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.27 in 2024; short-term debt: 52.4% and cash: 13.7% of total assets), and 63.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
36.8%
Return on assets
0.8%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
44 d early
2023
9 d early
2022
33 d early
2021
24 d late
2020
28 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57k▼ 94.3%
2024 · €993k
2018: €170k
2019: €627k
2020: €799k
2021: €1.41M
2022: €567k
2023: €79k
2024: €993k
2018 → 2025
Working capital
€1.33M▲ 17.2%
2024 · €1.14M
2018: €767k
2019: €1.28M
2020: €1.42M
2021: €1.61M
2022: €1.31M
2023: €722k
2024: €1.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.42M-€2.48M▲ 2.8%€2.06M▼ 17.0%€2.55M▲ 23.9%€2.61M▲ 2.2%
Operating result€1.86M-€842k▼ 54.9%€218k▼ 74.1%€1.49M▲ 582%€228k▼ 84.7%
Net result€1.41M-€567k▼ 59.7%€79k▼ 86.1%€993k▲ 1,161%€57k▼ 94.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.10M
Fixed assets
€2.05M▼ 3.5%
Current assets
€5.05M▼ 4.6%
Equity and liabilities €7.10M
Equity
€2.61M▲ 2.2%
Debt
€4.49M▼ 7.7%
The debt ratio falls from 65.6% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€494k▼
2024 · €1.77M
Cash flow
€323k▼
2024 · €1.27M
Solvency
36.8%▲
2024 · 34.4%
Current ratio
1.36▲
2024 · 1.27
Quick ratio
0.82▲
2024 · 0.77
Debt / equity
1.72▼
2024 · 1.90
ROE
2.2%▼
2024 · 38.9%
ROA
0.8%▼
2024 · 13.4%
Interest coverage
3.45▼
2024 · 11.06
Debt
€4.49M▼
2024 · €4.86M
Debt ≤ 1 year
€3.72M▼
2024 · €4.16M
Debt > 1 year
€767k▲
2024 · €699k
Income taxes
€45k▼
2024 · €342k
Staff costs
€3.08M▲
2024 · €2.80M
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€7.42M€7.10M▼
Fixed assets21/28€2.12M€2.05M▼
Intangible fixed assets21€258k€478k▲
Tangible fixed assets22/27€1.73M€1.43M▼
Land and buildings22€1.30M€1.24M▼
Plant, machinery and equipment23€115k€80k▼
Furniture and vehicles24€74k€65k▼
Other tangible fixed assets26€69k€46k▼
Assets under construction and advance payments27€171k€0▼
Financial fixed assets28€132k€142k▲
Current assets29/58€5.30M€5.05M▼
Amounts receivable after more than one year29-€93k
Trade receivables290-€93k
Stocks and contracts in progress3€2.10M€2.00M▼
Stocks30/36€1.17M€809k▼
Contracts in progress37€929k€1.19M▲
Amounts receivable within one year40/41€2.53M€1.97M▼
Trade receivables40€2.26M€1.34M▼
Other amounts receivable41€274k€626k▲
Cash at bank and in hand54/58€650k€974k▲
Deferred charges and accrued income490/1€14k€21k▲
Equity and liabilities
Total equity and liabilities10/49€7.42M€7.10M▼
Equity10/15€2.55M€2.61M▲
Contributions10/11€102k€102k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€40k€40k=
Share premium1100/10€40k€40k=
Reserves13€43k€43k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€2.41M€2.47M▲
Amounts payable17/49€4.86M€4.49M▼
Amounts payable after more than one year17€699k€767k▲
Financial debts170/4€699k€767k▲
Amounts payable within one year42/48€4.16M€3.72M▼
Current portion of amounts payable after more than one year42€152k€171k▲
Financial debts43€1.10M€1.46M▲
Credit institutions430/8€1.10M€1.46M▲
Trade debts44€1.20M€748k▼
Suppliers440/4€1.20M€748k▼
Advances received on contracts in progress46€109k€179k▲
Taxes, remuneration and social security45€283k€264k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€281k€263k▼
Other amounts payable47/48€1.31M€897k▼
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€17k€17k▼
Remuneration, social security and pensions62€2.80M€3.08M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€277k€266k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€23k€21k▼
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€4.59M€3.59M▼
Operating profit (loss)9901€1.49M€228k▼
Financial income75/76B€6k€17k▲
Recurring financial income75€6k€17k▲
Financial charges65/66B€160k€144k▼
Recurring financial charges65€160k€144k▼
Profit (loss) for the period before taxes9903€1.34M€102k▼
Income taxes67/77€342k€45k▼
Profit (loss) for the period9904€993k€57k▼
Profit (loss) for the period to be appropriated9905€993k€57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.91M€2.47M▼
Profit (loss) brought forward from the previous period14P€1.92M€2.41M▲
Profit to be distributed694/7€500k€0▼
Return on contributions (dividend)694€500k€0▼
Social balance
Average headcount (FTE)908735.840.0▲
The notes to these accounts (32 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
08-09
State Gazette act
General meeting · DemergerGeneral meeting · Demerger · Real estate11 facts ▸
State Gazette act
General meeting · Demerger
General meeting · Demerger · Real estate11 facts ▸
- General meeting, 2026-07-31
- Demerger, partial_split_by_absorption, 793.621,69 EUR
- Real estate, Een nijverheidsgebouw op en met grond en aanhorigheden, gelegen Baaikensstraat nummer 9, gekend volgens titel sectie A, deel van nummers 1200/C, 1225 en 1226 en…
- Accounting effect, 2026-01-01
- Capital decrease, €18.869,21
- Capital increase, €27.936,36
- Capital, €71.066,55
- Statutes amendment
- Director resignation, LT CAPITAL & ADVICE (niet-statutair bestuurder)
- Permanent representative, Jean-Marie Stanislas Pierre DE BUCK VAN OVERSTRAETEN
- Shareholding, 100%
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
22-06
State Gazette act
Capital & shares · Resignations & appointments · RestructuringDemerger · Corporate purpose · Accounting effect9 facts ▸
State Gazette act
Capital & shares · Resignations & appointments · Restructuring
Demerger · Corporate purpose · Accounting effect9 facts ▸
- Demerger, 2026-06-11
- Corporate purpose, De vennootschap heeft tot voorwerp: -aan- en verkoop, groot- en kleinhandel, in- en uitvoer, het ontwerpen, fabricatie, aanneming, constructie, herstelling, res…
- Corporate purpose, De vennootschap heeft tot voorwerp: Aan- en verkoop, groot- en kleinhandel, in- en uitvoer, het ontwerpen, fabricatie, aanneming, constructie, herstelling, rest…
- Accounting effect, 2026-01-01
- Net-asset statement, 2025-12-31
- Real estate, Een nijverheidsgebouw op en met grond gelegen aan de Baaikensstraat 9, kadastraal gekend volgens titel sectie A. als deel van nummers 1200/C, 1225 en 1226, than…
- Auditor appointment, VRC BEDRIJFSREVISOREN (bedrijfsrevisor)
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, VGD Accountants en Belastingconsulenten
2025
31-12
Financial
Weakest financial yearnet €57k ▼94.3%
Net result drops to €57k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €1.41M ▲75.9%
Operating result €1.86M, net result €1.41M, both a record.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €2MEq €2.21M ▲30.7%
3 profitable years in a row build equity to €2.21M.
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-07-2026
Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 1990
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.
Baaikensstraat 99240 ZeleGround area
5,935 m²
Building footprint
1,639 m²
Volume, LiDAR
11,127 m³
Parcel 42028A1222/00A000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Baaikensstraat 9, 9240 Zele
since 19902.046.610.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1222/00A000 | Flanders | 5,935 m² | 1 · 1,639 m² | 8.8 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.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 47,697 EUR awarded · 42,889 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,107 EUR | 6,540 EUR |
| 2024 | 3 | 8,803 EUR | 19,518 EUR |
| 2023 | 2 | 3,673 EUR | 2,331 EUR |
| 2022 | 3 | 31,114 EUR | 14,500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Call groene stroom (stopgezet)
Subsidies voor internationaal ondernemen
Subsidies ecologisch en veilig transport (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
4 categoriesVerhofsté NV19704
Dual-learning approval
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ALOCA
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Brecht · Eq €2.60M
Westland
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Stavelse Metaalbouw
BE 0412.099.748
Alveringem · Eq €2.59M
Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 952 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-12-1989
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.