Financials
- Fiscal year
- 2024
- Total assets
- €201,931
- Profit
- €462
- Solvency
- 30.0%
Total assets▲ 52.0%
Net result
20182024
Verhulst
ActiveSummary
The computed 12-month bankruptcy probability of Verhulst is 6.6% (elevated). The 2024 annual accounts show equity of €60,592 and a net result of €462. Equity is growing by ~44.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 36397 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Plumbing work
NACE 43221
1 site
Size
€201,931total assets 2024
- Equity
- €60,592
- Profit
- €462
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 3 deeds read
Why 33- Figures for FY 2024 (filed 13-06-2025)- 1 change of registered office in 24 months- Liquidity: current ratio 1.58, cash €1,001, halved- 1 financial year not filed after the legal deadlineShow the evidence
Checked score
Score 2024
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 19% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
55-29
equity 30.0% of total assets
Liquidity
20-20
short-term debt 58.4% · cash 0.5%
Profitability
35-54
return on assets 0.2%
Bankruptcy probability, 12 months
6.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● 0.0% vs 11-2024
01-2025: 0.7%▼ -1.1% vs 12-2024lowest value
02-2025: 0.7%● 0.0% vs 01-2025lowest value
03-2025: 0.7%● 0.0% vs 02-2025lowest value
04-2025: 0.8%▲ +13.0% vs 03-2025
05-2025: 0.8%▲ +2.9% vs 04-2025
06-2025: 0.8%▼ -2.4% vs 05-2025
07-2025: 1.0%▲ +21.8% vs 06-2025
08-2025: 1.4%▲ +47.6% vs 07-2025
09-2025: 1.4%● 0.0% vs 08-2025
10-2025: 1.4%● 0.0% vs 09-2025
11-2025: 1.4%● 0.0% vs 10-2025
12-2025: 1.4%▼ -3.4% vs 11-2025
01-2026: 1.4%● 0.0% vs 12-2025
02-2026: 1.4%● 0.0% vs 01-2026
03-2026: 1.4%● 0.0% vs 02-2026
04-2026: 1.6%▲ +14.2% vs 03-2026
05-2026: 1.8%▲ +13.6% vs 04-2026
06-2026: 1.8%▼ -2.4% vs 05-2026
07-2026: 1.9%▲ +5.3% vs 06-2026
08-2026: 2.6%▲ +38.2% vs 07-2026
09-2026: 3.5%▲ +37.7% vs 08-2026
10-2026: 6.6%▲ +86.2% vs 09-2026highest value
- Figures for FY 2024 (filed 13-06-2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- Liquidity: current ratio 1.58, cash €1,001, halved raises the probability
- 1 financial year not filed after the legal deadline raises the probability
Credit up to €1,500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.58 against 2.53 in 2023; short-term debt: 58.4% and cash: 0.5% of total assets), but 70% 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 43, micro). Better than this share of them on solvency 32%, liquidity 11%, profitability 18%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
13 d early
2022
12 d early
2021
1 d early
2020
73 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2018
- 05-06-2025Annual accounts filed
- 18-07-2024Annual accounts filed
- 19-07-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Plumbing workNACE 43221
- Founded
- 29-06-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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