ACTIVE

VERHULST-DYNAMIC

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Financial year 2025 · Closed on 31/12/2025

Net result194,9 k €+82,1 %over 1 year

Gross margin3,4 M €+9,9 %over 1 year

Equity1,8 M €+12,2 %over 1 year

Workforce38,9 ETP+4,9 %over 1 year

Identity

Source · BCE/KBO

VERHULST-DYNAMIC is a Private limited company incorporated in 1989. Its main activity is: Joinery installation. Its registered office is in Ieper. It employs on average 38,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0438.309.247
Incorporation: 19/09/1989
Legal form: Private limited company
Registered office: Porreyestraat 13
8908 Ieper · FlandreSee on map
Contributed capital: 60 000,00 €
Latest accounts: 31/12/2025
Average workforce: 38,9 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories 43341Painting and glazing 43341Painting and glazing 43350Building completion and finishing+7

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3,4 M €	+9.9%	3,1 M €	+9.7%	2,9 M €	+37.7%	2,1 M €	+78.1%	1,2 M €
EBITDA	796,8 k €	+19.4%	667,2 k €	+16.7%	571,6 k €	-37.9%	921,1 k €	+77.8%	518 k €
Operating result	379,2 k €	+61.0%	235,5 k €	-37.9%	379,5 k €	-51.5%	782,9 k €	+78.5%	438,6 k €
Net result	194,9 k €	+82.1%	107 k €	-63.4%	292,3 k €	-46.8%	549,5 k €	+72.3%	319 k €
Balance sheet
Equity	1,8 M €	+12.2%	1,6 M €	+7.2%	1,5 M €	+24.3%	1,2 M €	+84.1%	653,7 k €
Total assets	5 M €	+6.1%	4,7 M €	+7.6%	4,4 M €	+53.2%	2,9 M €	+4.2%	2,7 M €
Cash	456 k €	-15.3%	538,2 k €	+31.1%	410,6 k €	-5.8%	436,1 k €	-19.7%	542,8 k €
Debts	3,2 M €	+2.3%	3,1 M €	+8.0%	2,9 M €	+75.6%	1,6 M €	-21.8%	2,1 M €
Other
Workforce	38,9 ETP	+4.9%	37,1 ETP	+19.7%	31,0 ETP	+115%	14,4 ETP	+51.6%	9,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHULST GROUP1022.526.191Represented by Lorenzo Verhulst	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ENERCON0567.629.647Represented by Paul Junior Thiers	Director07/01/2021 → 2024 accountsAdministrator - manager07/01/2021 → 2023 accounts
Johan Verhulst	Administrator - manager14/07/2020 → 2022 accounts

Other companies at this address

Porreyestraat 13 8908 Ieper

Company	CBE no.
ALUPRO● Active	0667.920.323
LOPACO● Active	0749.775.950
VERHULST GROUP● Active	1022.526.191
VHD● Active	0845.969.167

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	15 months	12 months	12 months
Filing date	29/06/2026	29/06/2025	01/07/2024	30/06/2023	29/04/2022	03/05/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	01/03/2022	01/03/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	29/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/06/2023	Dutch	PDF
Abridged model	30/09/2021	01/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	03/05/2021	Dutch	PDF
Abridged model	30/09/2019	01/03/2020	30/03/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	23/04/2019	Dutch	PDF
Abridged model	30/09/2017	01/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	01/03/2017	14/03/2017	Dutch	PDF
Abridged model	30/09/2015	01/03/2016	01/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	09/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	17/03/2014	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	18/12/2012	Dutch	PDF
Abridged model	30/06/2011	01/12/2011	09/02/2012	Dutch	PDF
Abridged model	30/06/2010	01/12/2010	11/01/2011	Dutch	PDF
Abridged model	30/06/2009	01/12/2009	03/12/2009	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	15/01/2009	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	23/01/2008	Dutch	PDF
Abridged model	30/06/2006	01/12/2006	15/01/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

1 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHULST GROUP1022.526.191Represented by Lorenzo Verhulst	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ENERCON0567.629.647Represented by Paul Junior Thiers	Director07/01/2021 → 2024 accountsAdministrator - manager07/01/2021 → 2023 accounts
Johan Verhulst	Administrator - manager14/07/2020 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other05/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates02/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2016
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other12/07/2013
ALGEMENE VERGADERING - BOEKJAAR
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

Filings17 filings

Mandates

VERHULST GROUP

ENERCON

LOPACO

PENTACON

Johan VERHULST

BV LORENZO VERHULST - VERHULST LORENZO

BVBA LORENZO VERHULST - VERHULST LORENZO

BV VERHULST-UGILLE VERHULST MARNIK

BV JAVH - VERHULST JAN

BV JOHNAD - VERHULST JOHAN

BVBA PAMATRI - DEJONCKHEERE PATRICK

BVBA JAVH - VERHULST JAN

Show the 5 other mandates

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

VERHULST-DYNAMICVERHULST-DEJONCKHEERE

Porreyestraat 13, 8908 Vlamertinge

Director

DirectorAdministrator - manager

Director

DirectorAdministrator - managerManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Porreyestraat 13, 8908 VlamertingeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00214374

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VERHULST-DYNAMICCurrent	accounts 2015 → 2025	Accounts 2025 · 2026-00214374
VERHULST-DEJONCKHEERE	accounts 2009 → 2014	Accounts 2014 · 2015-05800486

Events

2025
Annual accounts 2025194,9 k €↑
2024
Annual accounts 2024107 k €↓
2023
Annual accounts 2023292,3 k €↓
2022
Annual accounts 2022549,5 k €↑
2021
Annual accounts 2021319 k €↑
2020
Annual accounts 2020274,9 k €↓
2019
Annual accounts 2019396,8 k €↓
2018
Annual accounts 2018511,4 k €↑
2017
Annual accounts 2017354,2 k €↓
2016
Annual accounts 2016387,4 k €↑
2015
Annual accounts 2015322 k €↑
2015
Name changeVERHULST-DYNAMIC
2014
Annual accounts 2014162,9 k €↓
2013
Annual accounts 2013252,2 k €↑
2012
Annual accounts 2012111,3 k €↑
2011
Annual accounts 201190,6 k €↓
2010
Annual accounts 2010122,5 k €↓
2009
Annual accounts 2009216,2 k €
19/09/1989
IncorporationPrivate limited company

VERHULST-DYNAMIC

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