What does VERHOYE do?

VERHOYE is a specialised building contractor in Tielt. Public Limited, started on 1 March 1982, 1 establishment.

What is the address of VERHOYE?

The registered office of VERHOYE is located at Elbestraat 12, 8760 Tielt.

Is VERHOYE still active?

Yes. According to the CBE (29 October 2026) VERHOYE is active, legal situation “Normale toestand”, started on 1 March 1982.

Is VERHOYE registered on Peppol?

Yes, VERHOYE is registered on the Peppol network with ID 0208:0422457665.

What is the enterprise number of VERHOYE?

The enterprise number of VERHOYE is BE0422457665.

When was VERHOYE founded?

VERHOYE was founded on 1 March 1982.

Who are the directors of VERHOYE?

According to the 2024 annual accounts, the directors of VERHOYE are: LCPO BV.

Is VERHOYE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 March 1982; 4 annual accounts filed, latest fiscal year 2024; 1 directors known from the annual account.

How much profit did VERHOYE make in 2024?

VERHOYE posted a profit after taxes of € 485,878 in financial year 2024.

What is the revenue of VERHOYE?

As a small company, VERHOYE is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 1,545,067.

How much does an employee at VERHOYE earn?

The average wage cost per full-time employee at VERHOYE was € 80,900 in 2024: staff costs of € 1 million for 12.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does VERHOYE have?

According to the 2024 annual accounts, VERHOYE has 12.9 full-time equivalents (FTE).

VERHOYE (Public Limited) - Tielt - BE0422457665

Dossier VERHOYE, printed on 29 October 2026 from databakkes.be/en/0422457665/verhoye. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 15 to 12.9.

Financials

Financial year 2024

VERHOYE from Tielt, company number BE0422457665, closed financial year 2024 with a result of € 485,878 after tax. For that financial year VERHOYE recorded a gross margin of € 1.5 million and equity of € 344,064. Compared with financial year 2023, the result moved from € 1.4 million to € 485,878. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2025.

What it is worth Growing

€ 344,064

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 485,878

▼ 66% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 1.6 million

▲ 57% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 485,000 paid out

100 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2024

Full-time equivalents

12.9

▼ 1.9 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1 million

▲ 10% vs 2023

€ 80,900 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.

Vehicles and equipment

€ 155,495

▲ 53% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.2 million

▲ € 1.2 million vs 2023

€ 186,069 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 301,077

▼ 10% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 171,751

▲ 2% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 1,232,687 Gross margin 2021: € 1,232,687 First fiscal year in the series	€ 1,537,662 Gross margin 2022: € 1,537,662 ▲ 25% vs 2021 (€ 1,232,687) Favourable step	€ 2,563,678 Gross margin 2023: € 2,563,678 ▲ 67% vs 2022 (€ 1,537,662) Favourable step	€ 1,545,067 Gross margin 2024: € 1,545,067 ▼ 40% vs 2023 (€ 2,563,678) Unfavourable step	▼ 40%
Profit after taxes	€ 162,673 Profit after taxes 2021: € 162,673 First fiscal year in the series	€ 505,167 Profit after taxes 2022: € 505,167 ▲ 211% vs 2021 (€ 162,673) Favourable step	€ 1,443,666 Profit after taxes 2023: € 1,443,666 ▲ 186% vs 2022 (€ 505,167) Favourable step	€ 485,878 Profit after taxes 2024: € 485,878 ▼ 66% vs 2023 (€ 1,443,666) Unfavourable step	▼ 66%
Equity	€ 327,354 Equity 2021: € 327,354 First fiscal year in the series	€ 342,521 Equity 2022: € 342,521 ▲ 5% vs 2021 (€ 327,354) Favourable step	€ 343,187 Equity 2023: € 343,187 Unchanged (€ 342,521) Favourable step	€ 344,064 Equity 2024: € 344,064 Unchanged (€ 343,187) Favourable step
Total debts	€ 1,182,694 Total debts 2021: € 1,182,694 First fiscal year in the series	€ 1,776,366 Total debts 2022: € 1,776,366 ▲ 50% vs 2021 (€ 1,182,694) Unfavourable step	€ 2,723,266 Total debts 2023: € 2,723,266 ▲ 53% vs 2022 (€ 1,776,366) Unfavourable step	€ 2,124,242 Total debts 2024: € 2,124,242 ▼ 22% vs 2023 (€ 2,723,266) Favourable step	▼ 22%
Cash	€ 289,836 Cash 2021: € 289,836 First fiscal year in the series	€ 254,698 Cash 2022: € 254,698 ▼ 12% vs 2021 (€ 289,836) Unfavourable step	€ 1,039,087 Cash 2023: € 1,039,087 ▲ € 784,389 vs 2022 (€ 254,698) Favourable step	€ 1,628,368 Cash 2024: € 1,628,368 ▲ 57% vs 2023 (€ 1,039,087) Favourable step	▲ 57%
Retained profit	€ 265,354 Retained profit 2021: € 265,354 First fiscal year in the series	€ 280,521 Retained profit 2022: € 280,521 ▲ 6% vs 2021 (€ 265,354) Favourable step	€ 281,187 Retained profit 2023: € 281,187 Unchanged (€ 280,521) Favourable step	€ 282,064 Retained profit 2024: € 282,064 Unchanged (€ 281,187) Favourable step
Dividend	€ 160,000 Dividend 2021: € 160,000 First fiscal year in the series	€ 490,000 Dividend 2022: € 490,000 ▲ 206% vs 2021 (€ 160,000) Unchanged	€ 1,443,000 Dividend 2023: € 1,443,000 ▲ 194% vs 2022 (€ 490,000) Unchanged	€ 485,000 Dividend 2024: € 485,000 ▼ 66% vs 2023 (€ 1,443,000) Unchanged	▼ 66%
Bank debt	€ 3 Bank debt 2021: € 3 First fiscal year in the series	€ 16 Bank debt 2022: € 16 ▲ € 13 vs 2021 (€ 3) Unfavourable step	€ 334 Bank debt 2023: € 334 ▲ € 317 vs 2022 (€ 16) Unfavourable step	€ 1,158,986 Bank debt 2024: € 1,158,986 ▲ € 1.2 million vs 2023 (€ 334) Unfavourable step	▲ € 1.2 million
Balance sheet total	€ 1,616,874 Balance sheet total 2021: € 1,616,874 First fiscal year in the series	€ 2,236,276 Balance sheet total 2022: € 2,236,276 ▲ 38% vs 2021 (€ 1,616,874) Unchanged	€ 3,197,168 Balance sheet total 2023: € 3,197,168 ▲ 43% vs 2022 (€ 2,236,276) Unchanged	€ 2,564,924 Balance sheet total 2024: € 2,564,924 ▼ 20% vs 2023 (€ 3,197,168) Unchanged	▼ 20%
Employees (FTE)	15 Employees (FTE) 2021: 15 First fiscal year in the series	15 Employees (FTE) 2022: 15 Unchanged (15) Unchanged	14.8 Employees (FTE) 2023: 14.8 ▼ 0.2 vs 2022 (15) Unchanged	12.9 Employees (FTE) 2024: 12.9 ▼ 1.9 vs 2023 (14.8) Unchanged	▼ 1.9

Key figures of VERHOYE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to VERHOYE?

What happened at VERHOYE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 23, 2025 New annual accounts for financial year 2024: profit of € 485,878 (▼ 66% vs 2023). Source: NBB ↗
2023 LCPO BV became a director. NBB
Mar 9, 1982 New establishment in Tielt. KBO
Mar 1, 1982 Start of the company according to the CBE. KBO

In short

From € 162,673 profit in 2021 to € 485,878 profit in 2024.

Paid € 35,826 in corporate taxes since 2021.

Best year ever: 2023, with € 1.4 million profit.

On average € 119,800 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

LCPO BV

VERHOYE

BELGIAN CONSULTING COMPANY

VACU-SERVICE

MICLAR

Behind VERHOYE is LCPO BV. LCPO BV is also behind BELGIAN CONSULTING COMPANY, VACU-SERVICE, MICLAR and COUCKUYT INVEST.

Directors

According to the 2024 annual accounts

LCPO BV

Director · represented by Couckuyt LAURENS

Also active at: BELGIAN CONSULTING COMPANY, VACU-SERVICE, MICLAR, COUCKUYT INVEST

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Elbestraat 12

8760 Tielt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

ALLSIGNAL

VACU-SERVICE same network

€ 81,249 gross margin · 2024

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0422.457.665

VAT number

BE 0422.457.665

Registered office

Elbestraat 12, 8760 Tielt

Names & denominations

VERHOYE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 March 1982

Peppol

Active · Active since 9 Dec 2025

Activities · NACE

Dakwerkzaamheden

Installatie van isolatie

Isolatiewerkzaamheden

Algemene bouw van residentiële gebouwen

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

Bouwen van individuele huizen

View on CBE Public ↗ Annual accounts (NBB) ↗

VERHOYE

Warning lights

Financials

What happened to VERHOYE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions