ACTIVE

VERHULST AND FRIENDS

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Financial year 2025 · Closed on 31/12/2025

Net result63,3 k €+103,2 %over 1 year
Gross margin641,4 k €-12,5 %over 1 year
Equity397,7 k €+18,9 %over 1 year
Workforce8,4 ETP-5,6 %over 1 year

Identity

Source · BCE/KBO

VERHULST AND FRIENDS is a Public limited company incorporated in 1985. Its main activity is: Advertising agencies. Its registered office is in Woluwe-Saint-Lambert. It employs on average 8,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0427.256.492
Incorporation
26/04/1985
Legal form
Public limited company
Registered office
Boulevard de la Woluwe 60D box 1
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital
845 000,00 €
Latest accounts
31/12/2025
Average workforce
8,4 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin641,4 k €733,2 k €546,5 k €315,1 k €208,3 k €
EBITDA63,3 k €127,7 k €134,3 k €69,1 k €62,5 k €
Operating result4 k €76 k €107,2 k €58,8 k €48,4 k €
Net result63,3 k €31,2 k €5,6 k €5,3 k €17,8 k €
Balance sheet
Equity397,7 k €334,4 k €282,7 k €97,1 k €91,8 k €
Total assets4,9 M €4,1 M €4,5 M €3 M €2 M €
Cash123,2 k €231,7 k €725,5 k €300,6 k €163,5 k €
Debts2,7 M €2,8 M €2,3 M €2,5 M €1,4 M €
Other
Workforce8,4 ETP8,9 ETP7,4 ETP5,3 ETP3,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 12 ended

Active mandates

Anthony DELHAUTEUR

Représentant permanent · since 20 février 2025

Active
Dimitri VERSCHUEREN

Managing director · since 17 février 2023 · until 17 février 2029

Active
Jonathan JOSSART

Managing director · since 22 mars 2021 · until 22 mars 2027

Active
Michael GOOSSENS

Director · since 22 mars 2021 · until 22 mars 2027

Active

Ended mandates

AMICUS SENIORUM

Managing director · since 22 mars 2021 · until 22 mars 2027 · 0453.322.273

Represented by Anthony Delhauteur

Ended
AMICUS SENIORUM

Managing director · since 31 mars 2015 · until 31 mars 2021 · 0453.322.273

Represented by Anthony Delhauteur

Ended
FREEHOLD

Managing director · since 31 mars 2015 · until 31 mars 2021 · 0507.974.647

Represented by Alexandre de Chaffoy

Ended
ANTHONY DELHAUTEUR

Managing director · since 25 octobre 2010 · until 25 octobre 2016

Ended

Other companies at this address

Boulevard de la Woluwe 60D 1200 Woluwe-Saint-Lambert
CompanyCBE no.
Factoring Invest & Consulting● Active
0800.336.805
Fiduciaire NDJ● Active
0452.047.021
LE PLEIN D'AIR● Active
0474.193.606
Magic Tools● Active
0428.258.364
MAISON LECOCQ● Active
0433.561.492
REHOBOTH● Active
0793.894.223
VERHULST MEDIASPORT● Active
0420.091.162

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/08/202629/08/202527/09/202430/08/202304/07/202230/08/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202628/08/2026FrenchPDF
Abridged model31/12/202410/06/202529/08/2025FrenchPDF
Abridged model31/12/202311/06/202427/09/2024FrenchPDF
Abridged model31/12/202213/06/202330/08/2023FrenchPDF
Abridged model31/12/202114/06/202204/07/2022DutchPDF
Abridged model31/12/202008/06/202130/08/2021DutchPDF
Abridged model31/12/201929/06/202030/10/2020DutchPDF
Abridged model31/12/201828/06/201930/08/2019DutchPDF
Abridged model31/12/201729/06/201827/08/2018DutchPDF
Abridged model31/12/201630/06/201730/08/2017DutchPDF
Abridged model31/12/201529/06/201629/07/2016DutchPDF
Abridged model31/12/201404/06/201508/06/2015FrenchPDF
Abridged model31/12/201330/06/201428/07/2014DutchPDF
Abridged model31/12/201211/06/201312/06/2013DutchPDF
Abridged model30/06/201126/09/201128/12/2011DutchPDF
Abridged model30/06/201027/09/201029/12/2010FrenchPDF
Abridged model30/06/200928/09/200901/12/2009FrenchPDF
Abridged model30/06/200829/09/200807/11/2008FrenchPDF
Abridged model30/06/200724/09/200715/10/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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

4 active · 12 ended

Active mandates

Anthony DELHAUTEUR

Représentant permanent · since 20 février 2025

Active
Dimitri VERSCHUEREN

Managing director · since 17 février 2023 · until 17 février 2029

Active
Jonathan JOSSART

Managing director · since 22 mars 2021 · until 22 mars 2027

Active
Michael GOOSSENS

Director · since 22 mars 2021 · until 22 mars 2027

Active

Ended mandates

AMICUS SENIORUM

Managing director · since 22 mars 2021 · until 22 mars 2027 · 0453.322.273

Represented by Anthony Delhauteur

Ended
AMICUS SENIORUM

Managing director · since 31 mars 2015 · until 31 mars 2021 · 0453.322.273

Represented by Anthony Delhauteur

Ended
FREEHOLD

Managing director · since 31 mars 2015 · until 31 mars 2021 · 0507.974.647

Represented by Alexandre de Chaffoy

Ended
ANTHONY DELHAUTEUR

Managing director · since 25 octobre 2010 · until 25 octobre 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/02/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/03/2023
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/05/2021
    SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares30/10/2019
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office25/09/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares26/05/2016
    CAPITAL, ACTIONS
    PDF
  • Mandates25/03/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/07/2012
    BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 202563,3 k €↑
  2. 2024
    Annual accounts 202431,2 k €↑
  3. 2023
    Annual accounts 20235,6 k €↑
  4. 2022
    Annual accounts 20225,3 k €↓
  5. 2021
    Annual accounts 202117,8 k €↑
  6. 2020
    Annual accounts 2020-638,5 k €↓
  7. 2019
    Annual accounts 20192 k €↑
  8. 2018
    Annual accounts 20181,1 k €↓
  9. 2017
    Annual accounts 20175,8 k €↑
  10. 2016
    Annual accounts 2016815,3 €↑
  11. 2015
    Annual accounts 2015385,9 €↑
  12. 2014
    Annual accounts 2014262,8 €↑
  13. 2013
    Annual accounts 2013247,4 €↓
  14. 2012
    Annual accounts 2012773,4 €↑
  15. 2011
    Annual accounts 2011112 €↓
  16. 2010
    Annual accounts 20107,5 k €↑
  17. 2009
    Annual accounts 20095,2 k €↑
  18. 2008
    Annual accounts 20084,1 k €↑
  19. 2007
    Annual accounts 2007-692 €
  20. 26/04/1985
    IncorporationPublic limited company