VERHULST W
ActiveSummary
VERHULST W has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €543k and a net result of €72k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-1
Solvency57▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.49 in 2024; short-term debt: 67.9% and cash: 17.7% of total assets), and 67.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 77
Relative position
BE, all sectors
reference
Sector 77
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
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
32.1%
Return on assets
4.3%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-04-2026, 89 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
89 d late
2024
44 d early
2023
2 d early
2022
20 d early
2021
31 d early
2020
2 d early
2018
on the day
← 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
€543k▼ 15.4%
2024 · €641k
2018: €324k
2020: €285k
2021: €313k
2022: €462k
2023: €570k
2024: €641k
2018 → 2025
Total assets
€1.69M▲ 12.7%
2024 · €1.50M
2018: €1.06M
2020: €1.76M
2021: €1.59M
2022: €2.76M
2023: €2.60M
2024: €1.50M
2018 → 2025
Net result
€72k▲ 1.6%
2024 · €71k
2018: €72k
2020: €108k
2021: €28k
2022: €149k
2023: €108k
2024: €71k
2018 → 2025
Working capital
€137k▼ 67.6%
2024 · €424k
2018: €203k
2020: €-149k
2021: €-114k
2022: €62k
2023: €265k
2024: €424k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€313k-€462k▲ 47.7%€570k▲ 23.3%€641k▲ 12.5%€543k▼ 15.4%
Operating result€36k-€211k▲ 488%€167k▼ 20.8%€105k▼ 37.4%€106k▲ 1.1%
Net result€28k-€149k▲ 436%€108k▼ 27.9%€71k▼ 33.7%€72k▲ 1.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€405k ▲ 86.2%
Current assets
€1.29M ▲ 0.2%
Equity and liabilities €1.69M
Equity
€543k ▼ 15.4%
Debt
€1.15M ▲ 33.6%
Debt's share of the balance-sheet total rises from 57.3% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€258k▲
2024 · €216k
Cash flow
€224k▲
2024 · €183k
Current ratio
1.12▼
2024 · 1.49
Debt to equity
2.12▲
2024 · 1.34
ROE
13.4%▲
2024 · 11.1%
ROA
4.3%▼
2024 · 4.8%
Interest coverage
3703.79▲
2024 · 3128.56
Debt ≤ 1 year
€1.15M▲
2024 · €859k
Income taxes
€33k=
2024 · €33k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.50M€1.69M▲
Fixed assets21/28€218k€405k▲
Tangible fixed assets22/27€217k€405k▲
Plant, machinery and equipment23€173k€381k▲
Furniture and vehicles24€44k€25k▼
Financial fixed assets28€570-
Current assets29/58€1.28M€1.29M▲
Amounts receivable within one year40/41€1.09M€987k▼
Trade receivables40€982k€987k▲
Other amounts receivable41€113k-
Cash at bank and in hand54/58€187k€298k▲
Deferred charges and accrued income490/1€701-
Equity and liabilities
Total equity and liabilities10/49€1.50M€1.69M▲
Equity10/15€641k€543k▼
Contributions10/11€19k€19k=
Reserves13€618k€520k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€616k€517k▼
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€859k€1.15M▲
Amounts payable within one year42/48€859k€1.15M▲
Trade debts44€812k€1.13M▲
Suppliers440/4€812k€1.13M▲
Taxes, remuneration and social security45€48k€11k▼
Taxes450/3€48k€11k▼
Other amounts payable47/48-€5k
Income statement
Code20242025
Non-recurring operating income76A€12k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€152k▲
Other operating charges640/8€118€120▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€242k€258k▲
Operating profit (loss)9901€105k€106k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€69€70▲
Recurring financial charges65€69€70▲
Profit (loss) for the period before taxes9903€105k€106k▲
Income taxes67/77€33k€33k=
Profit (loss) for the period9904€71k€72k▲
Profit (loss) for the period to be appropriated9905€71k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€77k▲
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer from equity791/2-€171k
Transfer to equity691/2€71k€72k▲
To other reserves6921€71k€72k▲
Profit to be distributed694/7-€171k
Return on contributions (dividend)694-€171k
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 89 days late
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500kEq €570k ▲23.3%
5 profitable years in a row build equity to €570k.
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2018net €149k ▲436%
Operating result €211k, net result €149k, both a record.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €28k ▼74.2%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Stabroek · 1 establishment unit since 2006
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.
Rijstraat 362940 StabroekGround area
860 m²
Building footprint
286 m²
Volume, LiDAR
1,757 m³
Parcel 11020I0147/00G000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20062.158.680.065
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11020I0147/00G000 | Flanders | 860 m² | 1 · 286 m² | 9.6 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.
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Of 667 companies in sector 77320 we hold annual accounts for 492. 372 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
Founded27-10-2006
Fiscal year end30-06
Activities, NACEBEL 2025
77320Rental and leasing activities
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:wouter_verhulst@hotmail.com
Phone:03/6642456