VERHULST DEVELOPMENT GROUP
ActiveVERHULST DEVELOPMENT GROUP has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146k and a net result of €51k. Equity is growing by ~56.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.81 against 3.94 in 2024; short-term debt: 19.1% and cash: 73.5% of total assets), and 19.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
80.9%
Return on assets
28.4%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
2 d early
2023
5 d early
2022
20 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€146k▲ 54.0%
2024 · €95k
2022: €15k
2023: €54k
2024: €95k
2022 → 2025
Total assets
€180k▲ 43.5%
2024 · €125k
2022: €48k
2023: €76k
2024: €125k
2022 → 2025
Net result
€51k▲ 26.0%
2024 · €41k
2022: €12k
2023: €39k
2024: €41k
2022 → 2025
Working capital
€131k▲ 43.9%
2024 · €91k
2022: €11k
2023: €50k
2024: €91k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€15k-€54k▲ 253%€95k▲ 75.0%€146k▲ 54.0%
Operating result€17k-€51k▲ 207%€52k▲ 1.0%€66k▲ 26.1%
Net result€12k-€39k▲ 215%€41k▲ 4.6%€51k▲ 26.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€15k▲ 291%
Current assets
€165k▲ 35.6%
Equity and liabilities €180k
Equity
€146k▲ 54.0%
Debt
€34k▲ 11.2%
The debt ratio falls from 24.6% to 19.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▲
2024 · €54k
Cash flow
€52k▲
2024 · €42k
Solvency
80.9%▲
2024 · 75.4%
Current ratio
4.81▲
2024 · 3.94
Quick ratio
4.81▲
2024 · 3.94
Debt / equity
0.24▼
2024 · 0.33
ROE
35.1%▼
2024 · 42.9%
ROA
28.4%▼
2024 · 32.3%
Interest coverage
289.81▼
2024 · 493.44
Debt
€34k▲
2024 · €31k
Debt ≤ 1 year
€34k▲
2024 · €31k
Income taxes
€14k▲
2024 · €11k
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€125k€180k▲
Fixed assets21/28€4k€15k▲
Tangible fixed assets22/27€4k€15k▲
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€2k€11k▲
Current assets29/58€122k€165k▲
Amounts receivable within one year40/41€31k€33k▲
Trade receivables40€31k€30k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€91k€132k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€125k€180k▲
Equity10/15€95k€146k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€92k€143k▲
Amounts payable17/49€31k€34k▲
Amounts payable within one year42/48€31k€34k▲
Current portion of amounts payable after more than one year42-€5k
Financial debts43-€143
Credit institutions430/8-€143
Trade debts44€653€12k▲
Suppliers440/4€653€12k▲
Taxes, remuneration and social security45€29k€17k▼
Taxes450/3€29k€17k▼
Other amounts payable47/48€1k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€12k€1k▼
Gross operating margin9900€66k€68k▲
Operating profit (loss)9901€52k€66k▲
Financial income75/76B€15€37▲
Recurring financial income75€15€37▲
Financial charges65/66B€109€231▲
Recurring financial charges65€109€231▲
Profit (loss) for the period before taxes9903€52k€65k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€41k€51k▲
Profit (loss) for the period to be appropriated9905€41k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€92k€143k▲
Profit (loss) brought forward from the previous period14P€51k€92k▲
The notes to these accounts (9 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €51k ▲26%
Operating result €66k, net result €51k, both a record.
31-12
Financial
Equity above €100kEq €146k ▲54%
4 profitable years in a row build equity to €146k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.26
Current ratio from 1.35 to 3.26; short-term debt falls from €32k to €22k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zandhoven
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.
Vogelzangstraat 342240 ZandhovenGround area
602 m²
Building footprint
120 m²
Volume, LiDAR
613 m³
Parcel 11027A0067/00H000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11027A0067/00H000 | Flanders | 602 m² | 1 · 120 m² | 7.2 m · 1 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.
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Of 16,878 companies in sector 62100 we hold annual accounts for 8,776. 6,862 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-2021
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:verhulst.dev