Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Group Verhellen from Ronse, company number BE0700918832, closed financial year 2025 with a result of € 64,486 after tax. For that financial year Group Verhellen recorded a gross margin of € 134,534 and equity of € -11,965. Compared with financial year 2024, the result moved from € 37,477 to € 64,486. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -11,965
▲ € 64,486 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,486
▲ 72% vs 2024
Profit after tax over the fiscal year.
€ 11,211
▼ 85% 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 € -25,377.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 24,224
€ 24,200 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.
€ 39,336
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 328,542
▼ 8% vs 2024
€ 22,500 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 106,772
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,176
▲ 248% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 113,072 | € 51,089 | € 109,731 | € 134,534 | ▲ 23% |
| Profit after taxes | € -88,309 | € -90,483 | € 37,477 | € 64,486 | ▲ 72% |
| Equity | € -23,445 | € -113,928 | € -76,451 | € -11,965 | ▲ € 64,486 |
| Total debts | € 834,556 | € 938,788 | € 840,385 | € 1,055,675 | ▲ 26% |
| Cash | € 31,215 | € 48,655 | € 75,961 | € 11,211 | ▼ 85% |
| Land & buildings | € 571,616 | € 569,252 | € 533,337 | € 559,398 | ▲ 5% |
| Retained profit | € -36,857 | € -127,340 | € -89,863 | € -25,377 | ▲ € 64,486 |
| Bank debt | € 514,875 | € 401,875 | € 355,625 | € 328,542 | ▼ 8% |
| Balance sheet total | € 811,111 | € 824,860 | € 763,934 | € 1,043,710 | ▲ 37% |
| Employees (FTE) | 1 | 0.5 | 0 | 1 |
Key figures of Group Verhellen, 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 Group Verhellen?
What happened at Group Verhellen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 64,486 (▲ 72% vs 2024). Source: NBB ↗
- STATE OF ART BV became a director. NBB
- NOVA VERHELLEN BV became a director. NBB
- New establishment in Ronse. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,309 loss in 2022 to € 64,486 profit in 2025.
Paid € 1,210 in corporate taxes since 2022.
Best year ever: 2025, with € 64,486 profit.
On average € 134,500 of value added per employee in 2025.
Management
The stake of STATE OF ART, nova verhellen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Group VerhellenBehind Group Verhellen are STATE OF ART BV and NOVA VERHELLEN BV. The shares are held by STATE OF ART (100%) and nova verhellen (100%).
Directors
According to the 2025 annual accounts
since 2025
Director · represented by Stephan Verhellen
since 2022
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwe Pontstraat 27
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0700.918.832
- VAT number
- BE 0700.918.832
- Registered office
- Nieuwe Pontstraat 27, 9600 Ronse
- Names & denominations
- Group Verhellen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 August 2018
- Peppol
- Active · Active since 25 Mar 2025
- Activities · NACE
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