Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
VERHULST AND FRIENDS from Sint-Lambrechts-Woluwe, company number BE0427256492, closed financial year 2025 with a result of € 63,318 after tax. For that financial year VERHULST AND FRIENDS recorded a gross margin of € 641,441 and equity of € 397,701. Compared with financial year 2024, the result moved from € 31,154 to € 63,318. Profitable, and profit is growing. 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 August 28, 2026.
€ 397,701
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63,318
▲ 103% vs 2024
Profit after tax over the fiscal year.
€ 123,236
▼ 47% 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 € -447,299.
People and assets in 2025
8.4
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 568,861
▲ 3% vs 2024
€ 67,700 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.
€ 34,148
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 116,261
▼ 58% vs 2024
Loans from banks and other lenders, long and short.
€ 2.1 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 193,565
▲ 140% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 315,091 | € 546,513 | € 733,233 | € 641,441 | ▼ 13% |
| Profit after taxes | € 5,324 | € 5,562 | € 31,154 | € 63,318 | ▲ 103% |
| Equity | € 97,112 | € 282,673 | € 334,383 | € 397,701 | ▲ 19% |
| Total debts | € 2,939,628 | € 4,215,330 | € 3,772,652 | € 4,510,352 | ▲ 20% |
| Cash | € 300,571 | € 725,546 | € 231,730 | € 123,236 | ▼ 47% |
| Retained profit | € -567,888 | € -562,327 | € -510,617 | € -447,299 | ▲ € 63,318 |
| Bank debt | € 612,630 | € 479,651 | € 276,205 | € 116,261 | ▼ 58% |
| Balance sheet total | € 3,036,740 | € 4,498,004 | € 4,107,034 | € 4,908,052 | ▲ 20% |
| Employees (FTE) | 5.3 | 7.4 | 8.9 | 8.4 | ▼ 0.5 |
Key figures of VERHULST AND FRIENDS, 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 VERHULST AND FRIENDS?
What happened at VERHULST AND FRIENDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Dimitri VERSCHUEREN stepped down as director. NBB
- Jonathan JOSSART stepped down as director. NBB
- Michael GOOSSENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 63,318 (▲ 103% vs 2024). filed late Source: NBB ↗
- Anthony DELHAUTEUR became a director. NBB
- Dimitri VERSCHUEREN became a director. NBB
- Jonathan JOSSART became a director. NBB
- Michael GOOSSENS became a director. NBB
In short
From € 5,324 profit in 2022 to € 63,318 profit in 2025.
Paid € 17,886 in corporate taxes since 2022.
Best year ever: 2025, with € 63,318 profit.
On average € 76,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of By L&G, TOUCH AGENCY BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERHULST AND FRIENDSBehind VERHULST AND FRIENDS is Anthony DELHAUTEUR. The shares are held by ANTHONY DELHAUTEUR (28.6%), JONATHAN JOSSART (28.6%), By L&G (5%) and TOUCH AGENCY BELGIUM. It owns 95% of VERHULST MEDIASPORT, 50% of DINNER ON THE WHEEL, 50% of INSIDE WEB, 40% of ONDUTY, 37.5% of FRIENDS OF and 31% of THURSO SPORT itself.
Directors
According to the 2025 annual accounts
Anthony DELHAUTEUR
Représentant permanent
Owns 28.6% directly
Also active at: VERHULST MEDIASPORT, FANDOR, AMICUS SENIORUM, INSIDE WEB, Fantomas, FRIENDS OF, IMMO DE TARTAS, GREENBARBERS +2 more
since 2025
since 2021 · until 2027
Dimitri VERSCHUEREN
Managing director
Also active at: Protector Belgium, PARADISE CITY, AGRA, ID CAPITAL, AMPLO
since 2023 · until 2029
since 2021 · until 2027
Shareholders
Participations
50%
40%
37.5%
31%
Establishments
Establishment units
Physical locations of this company
Woluwedal 60D box 1
1200 Sint-Lambrechts-Woluwe
Parc Industriel(W-B) 37 box A
1440 Braine-le-Château
Active since 13 June 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.256.492
- VAT number
- BE 0427.256.492
- Registered office
- Woluwedal 60D bus 1, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- VERHULST AND FRIENDS · The Friends by Verhulst & The Friends
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 1985
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Organisatie van congressen en beurzen
Activiteiten van reclamebureaus
Publiciteitsagentschappen