Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 21.3 to 17.
-
Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VH-TRANS from Oudenburg, company number BE0401055903, closed financial year 2025 with a result of € 77,156 after tax. For that financial year VH-TRANS recorded a gross margin of € 1.5 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -67,741 to € 77,156. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 1.2 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,156
▲ still € 67,741 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 million.
People and assets in 2025
17
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 8% vs 2024
€ 62,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 331,147
▼ 32% vs 2024
Of which on lease € 238,777.
Debts at end 2025
€ 227,615
▼ 28% vs 2024
€ 91,452 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 474,287
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 99,275
▼ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,546,713 | € 1,467,314 | € 1,402,289 | € 1,499,892 | ▲ 7% |
| Profit after taxes | € 29,937 | € -56,466 | € -67,741 | € 77,156 | ▲ € 144,897 |
| Equity | € 1,265,827 | € 1,209,361 | € 1,141,619 | € 1,218,775 | ▲ 7% |
| Total debts | € 740,906 | € 1,177,115 | € 1,006,235 | € 801,177 | ▼ 20% |
| Cash | € 208 | - | - | - | |
| Retained profit | € 1,165,827 | € 1,109,361 | € 1,041,619 | € 1,118,775 | ▲ 7% |
| Bank debt | € 343,713 | € 514,907 | € 315,472 | € 227,615 | ▼ 28% |
| Balance sheet total | € 2,006,733 | € 2,386,475 | € 2,147,854 | € 2,019,952 | ▼ 6% |
| Employees (FTE) | 21.2 | 21.3 | 19.8 | 17 | ▼ 2.8 |
Key figures of VH-TRANS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VH-TRANS?
What happened at VH-TRANS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bouw Beheer BV stepped down as director. NBB
- Havecon BV stepped down as director. NBB
- Groep Verhelst NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 77,156. Source: NBB ↗
- Bouw Beheer BV became a director. NBB
- Havecon BV became a director. NBB
- Groep Verhelst NV became a director. NBB
- New establishment in Oudenburg. KBO
In short
From € 29,937 profit in 2022 to € 77,156 profit in 2025.
Paid € 16,631 in corporate taxes since 2022.
Best year ever: 2025, with € 77,156 profit.
On average € 88,200 of value added per employee in 2025.
Management
The stake of VERHELST LOGISTICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VH-TRANSThe shares are held by VERHELST LOGISTICS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Pieter De Poorter
Also active at: VERHELST IMMO ANTWERPEN, VERHELST BOUWMATERIALEN, Callewaert, BALEGRO, VERHELST IMMO DEERLIJK, VERHELST POPERINGE, A.M. Group, GROEP VERHELST +2 more
since 2023 · until 2029
Managing director · represented by Kathleen Verhelst
Also active at: Construction Brands, VERHELST IMMO ANTWERPEN, VERHELST TECHNICS & FACILITY, VERHELST BOUWMATERIALEN, Callewaert, VERHELST LOGISTICS, VERHELST IMMO DEERLIJK, VERHELST PORT OPERATORS +8 more
since 2021 · until 2027
Director · represented by Hans De Keyser
Also active at: Construction Brands, VERHELST TECHNICS & FACILITY, VERHELST BOUWMATERIALEN, VERHELST LOGISTICS, VERHELST PORT OPERATORS, VERHELST AFWERKINGSSPECIALIST, VERHELST NATUURSTEEN, Vaartdijk Brugge +1 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 30
8460 Oudenburg
Industriepark-Drongen 2 D
9031 Gent
Active since 1 January 1957
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Construction Brands same network
€ -57,157 gross margin · 2025
Steenbakkerij van Snaaskerke
€ -3,718 gross margin · 2025
VERHELST TECHNICS & FACILITY same network
€ 1.4 million gross margin · 2025
VERHELST BOUWMATERIALEN same network
€ 123.9 million revenue · 2025
Verhelst Immo Bouw 2 same network
€ 1 million gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.055.903
- VAT number
- BE 0401.055.903
- Registered office
- Stationsstraat 30, 8460 Oudenburg
- Names & denominations
- VH-TRANS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 1957
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Goederenvervoer over de weg