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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VEHAFARM from Zwevegem, company number BE0890930746, closed financial year 2025 with a result of € 492,927 after tax. For that financial year VEHAFARM recorded a gross margin of € 1.1 million and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 249,522 to € 492,927. 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 January 6, 2026.
€ 2.1 million
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 492,927
▲ 98% vs 2024
Profit after tax over the fiscal year.
€ 610,823
▲ 60% 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 € 1.6 million.
People and assets in 2025
2.7
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 83,702
▲ 6% vs 2024
€ 31,000 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.
€ 90,472
▲ 99% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▼ 10% vs 2024
€ 260,414 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 388,576
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 139,767
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 639,178 | € 705,915 | € 1,104,736 | ▲ 56% |
| Profit after taxes | € 90,948 | € 249,522 | € 492,927 | ▲ 98% |
| Equity | € 1,383,826 | € 1,618,349 | € 2,111,276 | ▲ 30% |
| Total debts | € 3,952,093 | € 3,828,860 | € 3,598,377 | ▼ 6% |
| Cash | € 357,925 | € 381,573 | € 610,823 | ▲ 60% |
| Land & buildings | € 4,220,941 | € 4,144,253 | € 4,131,287 | |
| Retained profit | € 859,326 | € 1,093,849 | € 1,586,776 | ▲ 45% |
| Dividend | € 19,500 | € 15,000 | € 0 | ▼ 100% |
| Bank debt | € 3,048,970 | € 2,818,673 | € 2,536,315 | ▼ 10% |
| Balance sheet total | € 5,358,518 | € 5,463,337 | € 5,719,110 | ▲ 5% |
| Employees (FTE) | 0 | 2 | 2.7 | ▲ 0.7 |
Key figures of VEHAFARM, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 December 2026.
What happened to VEHAFARM?
What happened at VEHAFARM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 492,927 (▲ 98% vs 2024). filed late Source: NBB ↗
- Delphine Verhelst became a director. NBB
- New establishment in Zwevegem. KBO
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 90,948 profit in 2023 to € 492,927 profit in 2025.
Paid € 282,214 in corporate taxes since 2023.
Best year ever: 2025, with € 492,927 profit.
On average € 409,200 of value added per employee in 2025.
Management
Behind VEHAFARM is Delphine Verhelst.
Directors
According to the 2025 annual accounts
Delphine Verhelst
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Zandbeekstraat(S) 14
8554 Zwevegem
Driehoven(Koo) 12
8510 Kortrijk
Active since 18 July 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.930.746
- VAT number
- BE 0890.930.746
- Registered office
- Zandbeekstraat(S) 14, 8554 Zwevegem
- Names & denominations
- VEHAFARM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 2007
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected] 056 45 65 74
- Activities · NACE
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