ACTIVE

Verhaeghe

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Financial year 2025 · closed on 31/12/2025

Net result

155,2 k €

-36.2% YoY

Gross margin

352,5 k €

-20.6% YoY

Equity

1,1 M €

+10.8% YoY

Workforce

1,0 ETP

0.0% YoY

What does Verhaeghe do?

Verhaeghe is a Private limited company incorporated in 1989. Its main activity is: Repair of machinery. Its registered office is in Zonnebeke. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.995.868

Incorporation

01/12/1989

Legal form

Private limited company

Registered office

Osselstraat 27 box B
8980 Zonnebeke · FlandreSee on map

Contributed capital

37 184,03 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

33120Repair of machinery· main 33120Repair of machinery 45191Sale of other motor vehicles 46712Wholesale of solid, liquid and gaseous fuels and related products 45202Maintenance and repair of motor vehicles 45209Maintenance and repair of motor vehicles+5

Joint committees (3)

149
14904
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	352,5 k €	-20.6%	444,1 k €	+8.1%	410,7 k €	+182%	145,7 k €	-0.9%	146,9 k €	+15.8%	126,9 k €	+1.5%	125 k €	+31.1%	95,4 k €	-13.4%	110,1 k €	-31.7%	161,2 k €	+47.8%	109,1 k €	+36.6%	79,8 k €	-6.3%	85,2 k €
EBITDA	288,8 k €	-24.4%	381,9 k €	+8.9%	350,5 k €	+287%	90,6 k €	-6.1%	96,5 k €	+10.2%	87,5 k €	+5.3%	83,2 k €	+7.0%	77,8 k €	+15.2%	67,5 k €	-41.3%	114,9 k €	+74.6%	65,8 k €	+40.6%	46,8 k €	+2.8%	45,5 k €
Operating result	251,9 k €	-29.2%	356 k €	+4.0%	342,1 k €	+320%	81,4 k €	-0.3%	81,6 k €	+25.3%	65,1 k €	+1.9%	63,9 k €	+14.8%	55,7 k €	+4.1%	53,5 k €	-46.8%	100,4 k €	+66.5%	60,3 k €	+74.0%	34,7 k €	+5.0%	33 k €
Net result	155,2 k €	-36.2%	243,4 k €	+9.0%	223,3 k €	+315%	53,8 k €	-5.3%	56,9 k €	+7.1%	53,1 k €	+8.3%	49 k €	+8.0%	45,4 k €	-20.1%	56,8 k €	-28.3%	79,2 k €	+54.3%	51,3 k €	+129%	22,4 k €	-35.8%	35 k €
Balance sheet
Equity	1,1 M €	+10.8%	1 M €	+28.0%	804,8 k €	+35.0%	596 k €	+6.9%	557,7 k €	+41.5%	394 k €	+9.2%	360,9 k €	+8.7%	331,9 k €	+8.3%	306,5 k €	+10.4%	277,7 k €	+16.5%	238,5 k €	+9.8%	217,1 k €	+11.5%	194,7 k €
Total assets	1,8 M €	-5.3%	1,9 M €	-2.5%	2 M €	+70.6%	1,2 M €	-9.2%	1,3 M €	+81.8%	702,1 k €	-9.6%	777 k €	+34.7%	577 k €	-2.1%	589,3 k €	+25.8%	468,6 k €	-0.3%	469,9 k €	+18.2%	397,6 k €	-17.9%	484,4 k €
Cash	614,1 k €	+2692%	22 k €	-96.9%	706,8 k €	+45.1%	487 k €	+50.2%	324,3 k €	+140%	135,4 k €	-67.0%	410,6 k €	+48.0%	277,5 k €	+38.9%	199,8 k €	+3.5%	193 k €	+198%	64,8 k €	-43.7%	115,1 k €	+3.0%	111,7 k €
Debts	682,2 k €	-23.8%	894,8 k €	-23.7%	1,2 M €	+108%	563 k €	-21.5%	717,2 k €	+137%	302,8 k €	-25.8%	408,3 k €	+71.8%	237,6 k €	-13.8%	275,7 k €	+49.2%	184,8 k €	-19.9%	230,7 k €	+28.4%	179,7 k €	-37.8%	288,9 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP	-37.5%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	0.0%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 12 ended

Active mandates

Brigitte Heemeryck

Director · since 23 novembre 2023

Active

MBT BV

Director · since 23 novembre 2023

Represented by Marnik Verhaeghe

Active

Tom Verhaeghe

Director · since 23 novembre 2023

Active

Ended mandates

MBT

Director · since 23 novembre 2023 · 0849.358.625

Represented by Marnik VERHAEGHE

Ended

Tom Verhaeghe

Director · since 01 janvier 2018

Ended

Tom Verhaeghe

Manager · since 01 janvier 2018

Ended

Brigitte Heemeryck

Director · since 01 juillet 2015

Ended

At this address

Other companies at this address

Company	CBE no.
MBT● Active	0849.358.625
VERHAEGHE GROEP● Active	0503.867.389

Annual accounts

Full financial information

	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	01/01/2022	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	31/03/2026	24/07/2025	25/07/2024	24/07/2023	22/08/2022	22/07/2021
General meeting	05/03/2026	30/06/2025	02/07/2024	30/06/2023	30/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/03/2026	31/03/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	02/07/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	22/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	12/07/2017	08/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/08/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	16/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	14/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	13/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	27/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 12 ended

Active mandates

Brigitte Heemeryck

Director · since 23 novembre 2023

Active

MBT BV

Director · since 23 novembre 2023

Represented by Marnik Verhaeghe

Active

Tom Verhaeghe

Director · since 23 novembre 2023

Active

Ended mandates

MBT

Director · since 23 novembre 2023 · 0849.358.625

Represented by Marnik VERHAEGHE

Ended

Tom Verhaeghe

Director · since 01 janvier 2018

Ended

Tom Verhaeghe

Manager · since 01 janvier 2018

Ended

Brigitte Heemeryck

Director · since 01 juillet 2015

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/07/2015
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025155,2 k €↓
2024
Annual accounts 2024243,4 k €↑
2023
Annual accounts 2023223,3 k €↑
2023
Name changeVerhaeghe
2022
Annual accounts 202253,8 k €↓
2021
Annual accounts 202156,9 k €↑
2021
Name changeGarage Verhaeghe
2013
Annual accounts 201353,1 k €↑
2012
Annual accounts 201249 k €↑
2011
Annual accounts 201145,4 k €↓
2010
Annual accounts 201056,8 k €↓
2009
Annual accounts 200979,2 k €↑
2008
Annual accounts 200851,3 k €↑
2007
Annual accounts 200722,4 k €↓
2006
Annual accounts 200635 k €
01/12/1989
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Verhaeghe

Overview

What does Verhaeghe do?

Trend over 13 financial years

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