Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Studiebureau Verhulst from Ichtegem, company number BE0788696706, closed financial year 2025 with a result of € -6,825 after tax. For that financial year Studiebureau Verhulst recorded a gross margin of € 11,937 and equity of € 3,659. Compared with financial year 2024, the result moved from € -17,615 to € -6,825. The company made a loss. The buffer shrank hard: equity is 65 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 3,659
▼ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,825
▲ 61 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,685
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1,159.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 35,473
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 33,875
▼ 27% vs 2024
€ 13,126 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 4,573
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,530
▼ 69% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,671 | € 40,871 | € 1,803 | € 11,937 | ▲ € 10,134 |
| Profit after taxes | € 3,315 | € 22,284 | € -17,615 | € -6,825 | ▲ € 10,790 |
| Equity | € 5,815 | € 28,099 | € 10,484 | € 3,659 | ▼ 65% |
| Total debts | € 20,100 | € 74,887 | € 60,843 | € 41,297 | ▼ 32% |
| Cash | € 16,938 | € 17,105 | € 10,626 | € 4,685 | ▼ 56% |
| Retained profit | € 3,315 | € 25,599 | € 7,984 | € 1,159 | ▼ 85% |
| Bank debt | € 0 | € 58,532 | € 46,462 | € 33,875 | ▼ 27% |
| Balance sheet total | € 25,915 | € 102,986 | € 71,327 | € 44,956 | ▼ 37% |
Key figures of Studiebureau Verhulst, 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 Studiebureau Verhulst?
What happened at Studiebureau Verhulst in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 6,825. filed late Source: NBB ↗
- New establishment in Ichtegem. KBO
- Start of the company according to the CBE. KBO
- Kristof Verhulst became a director. NBB
In short
From € 3,315 profit in 2022 to € 6,825 loss in 2025.
Paid € 8,475 in corporate taxes since 2022.
Best year ever: 2023, with € 22,284 profit.
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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
Behind Studiebureau Verhulst is Kristof Verhulst.
Directors
According to the 2025 annual accounts
Kristof Verhulst
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Zuidstraat(FEER) 190
8480 Ichtegem
Zuidstraat(FICH) ZN box 190
8480 Ichtegem
Active since 18 July 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0788.696.706
- VAT number
- BE 0788.696.706
- Registered office
- Zuidstraat(FEER) 190, 8480 Ichtegem
- Names & denominations
- Studiebureau Verhulst
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 2022
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
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