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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 31 % 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 Machines from Oostende, company number BE0460700510, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year Verhelst Machines recorded revenue of € 15.1 million and equity of € 223,306. Compared with financial year 2024, the result moved from € -768,975 to € -1.5 million. The company made a loss. The buffer shrank hard: equity is 87 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 223,306
▼ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 91 % more loss than in 2024
Profit after tax over the fiscal year.
€ 346,224
▲ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 161,333.
People and assets in 2025
38.8
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 7% vs 2024
€ 78,100 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.
€ 12.4 million
▼ 14% vs 2024
Of which on lease € 11.9 million.
Debts at end 2025
€ 10 million
▼ 21% vs 2024
€ 2.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3.7 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 131 days on average.
€ 482,549
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,592,380 | € 16,401,153 | € 16,828,468 | € 15,130,320 | ▼ 10% |
| Profit after taxes | € 30,007 | € -166,633 | € -768,975 | € -1,466,350 | ▼ € 697,374 |
| Equity | € 2,625,264 | € 2,458,631 | € 1,689,656 | € 223,306 | ▼ 87% |
| Total debts | € 25,703,548 | € 32,469,215 | € 35,480,701 | € 33,224,189 | ▼ 6% |
| Cash | € 70,840 | € 111,380 | € 193,599 | € 346,224 | ▲ 79% |
| Retained profit | € 2,563,291 | € 2,396,658 | € 1,627,682 | € 161,333 | ▼ 90% |
| Bank debt | € 9,936,663 | € 14,132,999 | € 12,638,152 | € 9,958,636 | ▼ 21% |
| Balance sheet total | € 29,289,901 | € 35,982,309 | € 38,411,693 | € 34,589,319 | ▼ 10% |
| Employees (FTE) | 37.6 | 39.1 | 41.2 | 38.8 | ▼ 2.4 |
Key figures of Verhelst Machines, 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 Machines?
What happened at Verhelst Machines in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VERHELST GROUP BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- VERHELST GROUP BV became a director. NBB
- Caroline VANHEEDE stepped down as 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 € 30,007 profit in 2022 to € 1.5 million loss in 2025.
Paid € 48,896 in corporate taxes since 2022.
Best year ever: 2022, with € 30,007 profit.
Pays suppliers within 131 days on average.
A new publication or filing at Verhelst Machines? We notify you, reason included.
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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 VERHELST GROUP, Verhelst Immo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Verhelst MachinesThe shares are held by VERHELST GROUP (100%) and Verhelst Immo (50.7%).
Directors
According to the 2025 annual accounts
Managing director · represented by Johan VERHELST
Also active at: VERHELST AANNEMINGEN, Steenbakkerij van Snaaskerke, Top-Mix, Transport Janssens, Verhelst Immo, EUROPEAN PORT SERVICES, OPC EUROPE, DE WITTE-VANDECAVEYE +11 more
since 2025 · until 2030
Caroline VANHEEDE
Director
Also active at: SORET CONTAINERS & RECYCLING, Verhelst Immo, OPC EUROPE, VANHEEDE PROPRETE, IMDACA, DACAR, VERHELST GROUP, VANHEEDE ENVIRONMENT GROUP +2 more
since 2019 · until 2025
Shareholders
100%
50.7%
Participations
No participations in other companies reported.
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
Verhelst Immo same network
€ 1.3 million revenue · 2025
BALEGRO
€ 2.1 million 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
- 0460.700.510
- VAT number
- BE 0460.700.510
- Registered office
- Oudenburgsesteenweg 106, 8400 Oostende
- Names & denominations
- Verhelst Machines
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1997
- Peppol
- Active · Active since 25 Jun 2025
- Activities · NACE
Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw
Groothandel in machines voor mijnbouw, de bouwnijverheid en de weg- en waterbouw
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw
Handel in aanhangwagens, opleggers, caravans en dergelijke
Detailhandel in motorvoertuigen
Vervaardiging van hijs-, hef- en transportwerktuigen
Onderhoud en reparatie van auto's
Groothandel in aanhangwagens, opleggers en caravans
+5