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 59 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 22.8 to 15.8.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VERHELST NATUURSTEEN from Oudenburg, company number BE0425075279, closed financial year 2025 with a result of € 65,420 after tax. For that financial year VERHELST NATUURSTEEN recorded a gross margin of € 1.3 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 53,837 to € 65,420. 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.
€ 1.3 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 65,420
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 1,918
▼ 17% 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 € 816,435.
People and assets in 2025
15.8
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 3% vs 2024
€ 68,900 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.
€ 315,744
▼ 15% vs 2024
Of which on lease € 303,189.
Debts at end 2025
€ 218,834
▼ 24% vs 2024
€ 72,104 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 476,782
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 134,362
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,250,719 | € 1,797,265 | € 1,292,462 | € 1,257,260 | ▼ 3% |
| Profit after taxes | € -365,030 | € 302,879 | € 53,837 | € 65,420 | ▲ 22% |
| Equity | € 894,298 | € 1,197,177 | € 1,251,014 | € 1,316,435 | ▲ 5% |
| Total debts | € 1,346,747 | € 1,085,444 | € 1,213,776 | € 1,283,912 | ▲ 6% |
| Cash | € 170 | € 1,062 | € 2,301 | € 1,918 | ▼ 17% |
| Land & buildings | € 49,838 | € 60,013 | € 52,760 | € 54,178 | ▲ 3% |
| Retained profit | € 394,298 | € 697,177 | € 751,014 | € 816,435 | ▲ 9% |
| Bank debt | € 513,001 | € 386,023 | € 286,126 | € 218,834 | ▼ 24% |
| Balance sheet total | € 2,242,064 | € 2,283,406 | € 2,465,341 | € 2,600,664 | ▲ 5% |
| Employees (FTE) | 24.9 | 22.8 | 18.5 | 15.8 | ▼ 2.7 |
Key figures of VERHELST NATUURSTEEN, 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 NATUURSTEEN?
What happened at VERHELST NATUURSTEEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Havecon BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 65,420 (▲ 22% vs 2024). Source: NBB ↗
- Havecon BV became a director. NBB
- Groep Verhelst NV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 365,030 loss in 2022 to € 65,420 profit in 2025.
Paid € 138,283 in corporate taxes since 2022.
Best year ever: 2023, with € 302,879 profit.
On average € 79,600 of value added per employee in 2025.
Management
The stake of VERHELST BOUWMATERIALEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERHELST NATUURSTEENBehind VERHELST NATUURSTEEN is Groep Verhelst NV. The shares are held by VERHELST BOUWMATERIALEN (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Kathleen Verhelst
Also active at: Construction Brands, VERHELST IMMO ANTWERPEN, VH-TRANS, VERHELST TECHNICS & FACILITY, VERHELST BOUWMATERIALEN, Callewaert, VERHELST LOGISTICS, VERHELST IMMO DEERLIJK +8 more
since 2021
Director · represented by Hans De Keyser
Also active at: Construction Brands, VH-TRANS, VERHELST TECHNICS & FACILITY, VERHELST BOUWMATERIALEN, VERHELST LOGISTICS, VERHELST PORT OPERATORS, VERHELST AFWERKINGSSPECIALIST, Vaartdijk Brugge +1 more
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 30
8460 Oudenburg
Bargestraat 2
8400 Oostende
Active since 25 February 1995
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
VH-TRANS same network
€ 1.5 million 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
+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
- 0425.075.279
- VAT number
- BE 0425.075.279
- Registered office
- Stationsstraat 30, 8460 Oudenburg
- Names & denominations
- VERHELST NATUURSTEEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1983
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Houwen, bewerken en afwerken van natuursteen
Houwen, bewerken en afwerken van bouw- en siersteen
Plaatsen van vloer- en wandtegels