ACTIVE

Verhelst Immo

Financial year 2025 · Closed on 31/12/2025

Net result7,6 M €+5 306,3 %over 1 year

Revenue1,3 M €+0,3 %over 1 year

Equity9,4 M €+418,2 %over 1 year

Identity

Source · BCE/KBO

Verhelst Immo is a Public limited company incorporated in 1977. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Oostende.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0416.873.534
Incorporation: 24/01/1977
Legal form: Public limited company
Registered office: Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital: 1 325 689,07 €
Latest accounts: 31/12/2025

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 51532Air transport 68201Rental and operating of own or leased real estate 46831Wholesale trade, except of motor vehicles and motorcycles 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,3 M €	+0.3%	1,3 M €	+121%	574,9 k €	+1.4%	566,8 k €	+1.2%	560,2 k €
EBITDA	8,4 M €	+679%	1,1 M €	+16.3%	924,4 k €	+11.2%	831,1 k €	-6.4%	888,1 k €
Operating result	8,2 M €	+822%	889,3 k €	+19.1%	746,9 k €	+151%	297,8 k €	-14.6%	348,6 k €
Net result	7,6 M €	+5306%	-145,2 k €	+39.1%	-238,6 k €	-110%	2,4 M €	-42.2%	4,2 M €
Balance sheet
Equity	9,4 M €	+418%	1,8 M €	-36.6%	2,9 M €	-59.7%	7,1 M €	+0.2%	7,1 M €
Total assets	20,3 M €	-65.0%	57,9 M €	+14.5%	50,6 M €	-32.1%	74,5 M €	+9.6%	67,9 M €
Cash	139,1 k €	-95.9%	3,4 M €	-22.7%	4,4 M €	-46.4%	8,2 M €	-53.5%	17,7 M €
Debts	10,9 M €	-80.5%	56,1 M €	+19.1%	47,1 M €	-28.3%	65,7 M €	+10.3%	59,5 M €
Other
Workforce	–		–		–		–		10,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CAROLINE VANHEEDE	Director09/05/2018 → 29/06/2029
VERHELST GROUP0466.316.018Represented by Johan VERHELST	Director25/06/2004 → 29/06/2029Managing director25/06/2010 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GRACO0454.451.928Represented by Roger GRAUWET	Director09/05/2018 → 2019 accounts
BOUW BEHEER0454.532.201Represented by Kathleen Verhelst	Managing directorlisted until the 2016 accounts

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende

Company	CBE no.
BALEGRO● Active	0420.538.847
BTW-eenheid Verhelst Group● Active	0715.511.491
DRONGEN E40● Active	0792.867.706
EUROPEAN PORT SERVICES● Active	0421.687.605
GECA INVEST● Active	0471.743.266
RECYC WEST● Active	0455.261.085
TERRA COSA● Active	0881.076.239
T.M.C. BELGIUM● Active	0427.365.766
TM Verhelst-Vanlerberghe● Active	0761.666.467
TopAsfalt● Active	0508.599.407
Top-Mix● Active	0415.555.324
TOP-MIX RECYCLING● Active	0720.650.018
Transport Janssens● Active	0415.603.626
VERHELST AANNEMINGEN● Active	0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active	0651.868.506
VERHELST GROUP● Active	0466.316.018
VERHELST IMMO II● Active	0444.033.930
Verhelst Machines● Active	0460.700.510
VERHELST SERVICES● Active	1016.042.930

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	15/07/2025	15/07/2024	27/06/2023	29/06/2022	14/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	20/05/2023	21/05/2022	23/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	20/05/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	21/05/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	23/06/2020	Dutch	PDF
Abridged modelCorrection	31/12/2018	28/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2018	18/05/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	14/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	14/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	07/07/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	18/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	16/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CAROLINE VANHEEDE	Director09/05/2018 → 29/06/2029
VERHELST GROUP0466.316.018Represented by Johan VERHELST	Director25/06/2004 → 29/06/2029Managing director25/06/2010 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GRACO0454.451.928Represented by Roger GRAUWET	Director09/05/2018 → 2019 accounts
BOUW BEHEER0454.532.201Represented by Kathleen Verhelst	Managing directorlisted until the 2016 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/02/2024
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring01/02/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/12/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/04/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

VERHELST GROUP

CAROLINE VANHEEDE

GRACO

BOUW BEHEER

THOMAS HARTNETT

Het Belfort

BRIVER INVEST

GRAUWET ROGER

19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

Verhelst Immo

Oudenburgsesteenweg 106, 8400 Oostende

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudenburgsesteenweg 106, 8400 OostendeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00302308

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Verhelst ImmoCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00302308

Events

2025
Annual accounts 20257,6 M €↑
27/06/2025
nominationNV Callens Vandelanotte · commissaris
2024
Annual accounts 2024-145,2 k €↑
2023
Annual accounts 2023-238,6 k €↓
2022
Annual accounts 20222,4 M €↓
21/05/2022
nominationCVBA Vandelanotte Bedrijfsrevisoren · commissaris
2021
Annual accounts 20214,2 M €↓
2020
Annual accounts 20207,5 M €↑
2019
Annual accounts 2019-256,3 k €↓
2018
Annual accounts 2018196 k €↓
2017
Annual accounts 2017320,7 k €↑
2016
Annual accounts 2016318,5 k €↑
2015
Annual accounts 2015280 k €↓
2014
Annual accounts 2014318 k €↑
2013
Annual accounts 2013-79,9 k €↓
2012
Annual accounts 2012159,2 k €↑
2011
Annual accounts 2011-162,1 k €↓
2010
Annual accounts 2010208,7 k €↓
2009
Annual accounts 2009524,9 k €↑
2008
Annual accounts 2008178,3 k €
24/01/1977
IncorporationPublic limited company

Verhelst Immo

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events