NORMAL SITUATION

VERSTRAETE - VERHULST

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Company — Normal situation.

Financial year 2024 · Closed on 31/12/2024

Net result34,7 k €-63,3 %over 1 year

Gross margin482,2 k €-42,3 %over 1 year

Equity534,9 k €+6,9 %over 1 year

Workforce8,6 ETP-31,7 %over 1 year

Identity

Source · BCE/KBO

VERSTRAETE - VERHULST is a company registered in Belgium. It employs on average 8,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0435.221.182
Legal form: Private company with limited liability
Contributed capital: 75 000,00 €
Latest accounts: 31/12/2024
Average workforce: 8,6 ETP

Joint committees (4)

124
14901
200
218

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 36 filings

Trend over 17 financial years

	2024		2023		2022		2021		2020
Income statement
Gross margin	482,2 k €	-42.3%	835,3 k €	-16.2%	996,5 k €	-16.6%	1,2 M €	-5.0%	1,3 M €
EBITDA	68,6 k €	-55.1%	152,8 k €	-20.8%	193 k €	-28.6%	270,1 k €	-29.6%	383,8 k €
Operating result	37,7 k €	-66.7%	113,2 k €	-26.6%	154,2 k €	-31.1%	223,7 k €	-31.8%	327,9 k €
Net result	34,7 k €	-63.3%	94,4 k €	-24.6%	125,2 k €	-22.7%	162,1 k €	-30.4%	232,8 k €
Balance sheet
Equity	534,9 k €	+6.9%	500,3 k €	-23.7%	655,8 k €	+23.6%	530,6 k €	+0.0%	530,6 k €
Total assets	645,2 k €	+6.7%	604,5 k €	-34.1%	917,5 k €	-0.4%	921,5 k €	-17.9%	1,1 M €
Cash	–		–		375,3 k €	+27.0%	295,5 k €	-50.1%	591,6 k €
Debts	106,4 k €	+7.0%	99,5 k €	-62.0%	261,7 k €	-33.1%	390,8 k €	-34.0%	592 k €
Other
Workforce	8,6 ETP	-31.7%	12,6 ETP	-18.2%	15,4 ETP	-25.2%	20,6 ETP	-18.6%	25,3 ETP

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
WERKHOFS0743.979.904Represented by Ward Kerkhofs	Director31/07/2024 → 31/07/2030
Quality Management0774.512.732Represented by Maarten BROENS	Director06/02/2023 → 20/11/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BURO MERTENS0824.272.247Represented by Koen Mertens	Director20/11/2023 → 20/11/2029
HWY bvRepresented by Bjorn Hamerling	Director06/02/2023 → 20/11/2023
Oscar VERSTRAETE	Directoruntil 06/02/2023

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/07/2025	02/07/2024	28/08/2023	01/08/2022	19/07/2021	30/07/2020
General meeting	27/06/2025	28/06/2024	30/06/2023	30/06/2022	14/07/2021	28/07/2020
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, 36 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	01/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/07/2021	19/07/2021	Dutch	PDF
Abridged model	31/12/2019	28/07/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	04/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	16/07/2007	Dutch	PDF
Abridged model	31/12/2005	16/06/2006	27/06/2006	Dutch	PDF
Abridged model	31/12/2004	17/06/2005	22/06/2005	Dutch	PDF
Abridged model	31/12/2003	18/06/2004	19/07/2004	Dutch	PDF
Abridged model	31/12/2002	20/06/2003	16/07/2003	Dutch	PDF
Abridged model	31/12/2001	21/06/2002	24/07/2002	Dutch	PDF
Abridged model	31/12/2000	30/06/2001	31/07/2001	Dutch	PDF
Abridged model	31/12/1999	16/06/2000	12/07/2000	Dutch	PDF
Abridged model	31/12/1998	18/06/1999	19/07/1999	Dutch	PDF
Abridged model	31/12/1997	19/06/1998	13/07/1998	Dutch	—
Abridged model	31/12/1996	20/06/1997	17/07/1997	Dutch	—
Abridged model	31/12/1995	21/06/1996	25/06/1996	Dutch	—
Abridged model	31/12/1994	16/06/1995	17/07/1995	Dutch	—
Abridged model	31/12/1993	17/06/1994	25/07/1994	Dutch	—
Abridged model	31/12/1992	18/06/1993	15/07/1993	Dutch	—
Abridged model	31/12/1991	31/08/1992	29/09/1992	Dutch	—
Abridged model	31/12/1990	21/06/1991	16/07/1991	Dutch	—
Abridged model	31/12/1989	15/06/1990	13/07/1990	Dutch	—

Indicative valuation

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.

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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 31/12/2024

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
WERKHOFS0743.979.904Represented by Ward Kerkhofs	Director31/07/2024 → 31/07/2030
Quality Management0774.512.732Represented by Maarten BROENS	Director06/02/2023 → 20/11/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BURO MERTENS0824.272.247Represented by Koen Mertens	Director20/11/2023 → 20/11/2029
HWY bvRepresented by Bjorn Hamerling	Director06/02/2023 → 20/11/2023
Oscar VERSTRAETE	Directoruntil 06/02/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring23/01/2026
Met fusie door overneming gelijkgestelde verrichting - zusterfusie
PDF
Restructuring30/10/2025
Fusievoorstel
PDF
Mandates20/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates26/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/11/2006
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Registered office07/04/2005
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF

Similar companies

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Name

Registered office

Annual accounts

Filings17 filings

Mandates

WERKHOFS

Quality Management

BURO MERTENS

HWY bv

Oscar VERSTRAETE

20082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

VERSTRAETE-VERHULST

Oostrozebekestraat 218 bte G, 8770 Ingelmunster

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oostrozebekestraat 218 bte G, 8770 Ingelmunster	accounts 2021 → 2024	Accounts 2024 · 2025-00265792

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VERSTRAETE-VERHULST	accounts 2021 → 2024	Accounts 2024 · 2025-00265792

Events

2024
Annual accounts 202434,7 k €↓
2023
Annual accounts 202394,4 k €↓
2022
Annual accounts 2022125,2 k €↓
2021
Annual accounts 2021162,1 k €↓
2020
Annual accounts 2020232,8 k €↑
2019
Annual accounts 2019148,1 k €↑
2018
Annual accounts 2018-22,6 k €↓
2017
Annual accounts 20175,5 k €↑
2016
Annual accounts 2016-23,3 k €↓
2015
Annual accounts 2015118,7 k €↑
2014
Annual accounts 20144,4 k €↑
2013
Annual accounts 2013-24,3 k €↑
2012
Annual accounts 2012-57,2 k €↓
2011
Annual accounts 201190,1 k €↓
2010
Annual accounts 2010172,4 k €↓
2009
Annual accounts 2009246,9 k €↓
2008
Annual accounts 2008312,1 k €

VERSTRAETE - VERHULST

Overview

Identity

Financials

Board of directors

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