Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Verhelst Immo from Oostende, company number BE0416873534, closed financial year 2025 with a result of € 7.6 million after tax. For that financial year Verhelst Immo recorded revenue of € 1.3 million and equity of € 9.4 million. Compared with financial year 2024, the result moved from € -145,229 to € 7.6 million. 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 15, 2026.
€ 9.4 million
▲ € 7.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.6 million
▲ still € 145,229 loss in 2024
Profit after tax over the fiscal year.
€ 139,113
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 8 million.
People and assets in 2025
€ 40,202
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 285,972
▼ 40% vs 2024
€ 135,833 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1 million
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 207 days on average.
€ 207,035
▲ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 566,801 | € 574,866 | € 1,272,437 | € 1,276,757 | |
| Profit after taxes | € 2,412,882 | € -238,605 | € -145,229 | € 7,561,109 | ▲ € 7.7 million |
| Equity | € 7,073,551 | € 2,853,347 | € 1,808,119 | € 9,369,228 | ▲ € 7.6 million |
| Total debts | € 65,708,410 | € 47,108,481 | € 56,070,998 | € 10,917,013 | ▼ 81% |
| Cash | € 8,234,096 | € 4,416,572 | € 3,414,961 | € 139,113 | ▼ 96% |
| Land & buildings | € 5,713,054 | € 5,722,661 | € 5,716,270 | € 5,633,812 | ▼ 1% |
| Retained profit | € 3,923,551 | € 1,527,658 | € 482,430 | € 8,043,539 | ▲ € 7.6 million |
| Dividend | € 2,400,000 | € 0 | € 900,000 | € 0 | ▼ 100% |
| Bank debt | € 21,154,877 | € 672,639 | € 479,305 | € 285,972 | ▼ 40% |
| Balance sheet total | € 74,474,178 | € 50,552,747 | € 57,879,117 | € 20,286,241 | ▼ 65% |
Key figures of Verhelst Immo, 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 Verhelst Immo?
What happened at Verhelst Immo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VERHELST Group BV stepped down as director. NBB
- CAROLINE VANHEEDE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.6 million. Source: NBB ↗
- VERHELST Group BV became a director. NBB
- CAROLINE VANHEEDE became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.4 million profit in 2022 to € 7.6 million profit in 2025.
Paid € 336,382 in corporate taxes since 2022.
Best year ever: 2025, with € 7.6 million profit.
Paid out € 3.3 million in dividends to the owners in total.
Management
The stake of VERHELST GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Verhelst ImmoThe shares are held by VERHELST GROUP (100%). It owns 100% of Drongen E40, 89.8% of Verhelst Immo II, 50% of La Grande Reserve and 30% of Kade VHG itself.
Directors
According to the 2025 annual accounts
Director · represented by Johan VERHELST
Also active at: VERHELST AANNEMINGEN, Steenbakkerij van Snaaskerke, Top-Mix, Transport Janssens, EUROPEAN PORT SERVICES, OPC EUROPE, DE WITTE-VANDECAVEYE, White Field Development +11 more
since 2023 · until 2029
CAROLINE VANHEEDE
Director
Also active at: SORET CONTAINERS & RECYCLING, OPC EUROPE, VANHEEDE PROPRETE, IMDACA, DACAR, Verhelst Machines, VERHELST GROUP, VANHEEDE ENVIRONMENT GROUP +2 more
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Oudenburgsesteenweg 106
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →VERHELST AANNEMINGEN same network
€ 87.7 million revenue · 2025
Top-Mix same network
€ 34.3 million revenue · 2024
Transport Janssens same network
€ 3.8 million gross margin · 2025
BALEGRO
€ 2.1 million gross margin · 2025
EUROPEAN PORT SERVICES same network
€ 190,787 gross margin · 2025
+14 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
- 0416.873.534
- VAT number
- BE 0416.873.534
- Registered office
- Oudenburgsesteenweg 106, 8400 Oostende
- Names & denominations
- Verhelst Immo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 1977
- Peppol
- Active · Active since 25 Jun 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.