NORMAL SITUATION

ETABLISSEMENTEN VERHELST

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Company — Normal situation.

Financial year 2023 · Closed on 31/12/2023

Net result1,6 M €+4,0 %over 1 year

Revenue34,7 M €+0,1 %over 1 year

Equity3,7 M €+76,3 %over 1 year

Workforce15,8 ETP-5,4 %over 1 year

Identity

Source · BCE/KBO

ETABLISSEMENTEN VERHELST is a company registered in Belgium. It employs on average 15,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0439.879.954
Legal form: Public limited company
Contributed capital: 173 118,01 €
Latest accounts: 31/12/2023
Average workforce: 15,8 ETP

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 34 filings

Trend over 18 financial years

	2023		2022		2021		2020		2019
Income statement
Revenue	34,7 M €	+0.1%	34,7 M €	+35.5%	25,6 M €	+9.7%	23,3 M €	+4.7%	22,3 M €
EBITDA	2,3 M €	+1.2%	2,2 M €	+98.4%	1,1 M €	+5.8%	1,1 M €	-1.9%	1,1 M €
Operating result	2,1 M €	+4.0%	2,1 M €	+140%	856,8 k €	+14.9%	746 k €	-4.8%	783,6 k €
Net result	1,6 M €	+4.0%	1,5 M €	+141%	634,4 k €	+14.2%	555,4 k €	+3.2%	538,3 k €
Balance sheet
Equity	3,7 M €	+76.3%	2,1 M €	-47.4%	4 M €	-11.5%	4,5 M €	+1.2%	4,4 M €
Total assets	10,3 M €	+40.1%	7,3 M €	-20.3%	9,2 M €	-5.2%	9,7 M €	+1.6%	9,5 M €
Cash	3,1 M €	+49.7%	2,1 M €	-17.9%	2,5 M €	+81.4%	1,4 M €	+38.7%	1 M €
Debts	6,6 M €	+25.6%	5,2 M €	+0.4%	5,2 M €	+0.2%	5,2 M €	+1.8%	5,1 M €
Other
Workforce	15,8 ETP	-5.4%	16,7 ETP	-1.8%	17,0 ETP	+4.3%	16,3 ETP	0.0%	16,3 ETP

Board of directors

Source · NBB, accounts to 31/12/2023

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMEYAN0538.734.733Represented by Anthony De Mey	Managing directorsince 02/02/2024
Ineke Vanhauwenhuyse	Managing directorsince 02/02/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard Verhelst	Director08/06/2013 → 08/06/2019
Filip Verhelst	Director08/06/2013 → 08/06/2019
Annick Rammant	Directorsince 01/04/2010Managing directorsince 01/04/2010

Full financial information

Source · NBB

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2024	02/05/2023	07/07/2022	20/07/2021	20/07/2020	01/07/2019
General meeting	31/05/2024	15/04/2023	30/06/2022	30/06/2021	30/06/2020	29/06/2019
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, 34 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	31/05/2024	25/06/2024	Dutch	PDF
Full model	31/12/2022	15/04/2023	02/05/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	20/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	20/07/2020	Dutch	PDF
Full model	31/12/2018	29/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	11/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2014	13/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	14/06/2014	12/07/2014	Dutch	PDF
Full model	31/12/2012	08/06/2013	05/07/2013	Dutch	PDF
Full model	31/12/2011	09/06/2012	03/07/2012	Dutch	PDF
Full model	31/12/2010	11/06/2011	08/08/2011	Dutch	PDF
Full model	31/12/2009	12/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	13/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	13/07/2007	Dutch	PDF
Abridged model	31/12/2005	10/06/2006	14/07/2006	Dutch	PDF
Abridged model	31/12/2004	11/06/2005	01/08/2005	Dutch	PDF
Abridged model	31/12/2003	12/06/2004	08/07/2004	Dutch	PDF
Abridged model	31/12/2002	28/06/2003	29/07/2003	Dutch	PDF
Abridged model	31/12/2001	29/06/2002	29/07/2002	Dutch	PDF
Abridged model	31/12/2000	09/06/2001	02/07/2001	Dutch	PDF
Abridged model	31/12/1999	10/06/2000	07/07/2000	Dutch	PDF
Abridged model	31/12/1998	12/06/1999	07/07/1999	Dutch	PDF
Abridged model	31/12/1997	13/06/1998	26/06/1998	Dutch	—
Abridged model	31/12/1996	14/06/1997	26/06/1997	Dutch	—
Abridged model	31/12/1995	08/06/1996	26/06/1996	Dutch	—
Abridged model	31/12/1994	10/06/1995	03/07/1995	Dutch	—
Abridged model	31/12/1993	11/06/1994	20/06/1994	Dutch	—
Abridged model	31/12/1992	12/06/1993	07/07/1993	Dutch	—
Abridged model	31/12/1991	13/06/1992	29/06/1992	Dutch	—
Abridged model	31/12/1990	05/12/1991	18/12/1991	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.

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 31/12/2023

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEMEYAN0538.734.733Represented by Anthony De Mey	Managing directorsince 02/02/2024
Ineke Vanhauwenhuyse	Managing directorsince 02/02/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard Verhelst	Director08/06/2013 → 08/06/2019
Filip Verhelst	Director08/06/2013 → 08/06/2019
Annick Rammant	Directorsince 01/04/2010Managing directorsince 01/04/2010

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring14/10/2024
Fusie door overneming
PDF
Restructuring03/07/2024
NEERLEGGEN FUSIEVOORSTEL
PDF
Mandates22/02/2024
Ontslag en benoeming bestuurders - ontslag en benoeming gedelegeerd
PDF
Capital / shares31/03/2023
KAPITAAL - AANDELEN - DIVERSEN
PDF
Restructuring21/02/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/12/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/11/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/07/2022
ONTSLAGEN - BENOEMINGEN
PDF

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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

Filings18 filings

Mandates

DEMEYAN

Ineke Vanhauwenhuyse

Bernard Verhelst

Filip Verhelst

PAUL VERHELST

Annick Rammant

200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Etn. Verhelst

J. Plateaustraat 1, 8400 Oostende

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
J. Plateaustraat 1, 8400 Oostende	accounts 2021 → 2023	Accounts 2023 · 2024-00159708

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Etn. Verhelst	accounts 2021 → 2023	Accounts 2023 · 2024-00159708

Events

2023
Annual accounts 20231,6 M €↑
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 2021634,4 k €↑
2020
Annual accounts 2020555,4 k €↑
2019
Annual accounts 2019538,3 k €↑
2018
Annual accounts 2018388,7 k €↓
2017
Annual accounts 2017609,8 k €↑
2016
Annual accounts 2016371,4 k €↓
2015
Annual accounts 2015379,7 k €↓
2014
Annual accounts 2014467,3 k €↑
2013
Annual accounts 2013238,8 k €↓
2012
Annual accounts 2012465,1 k €↑
2011
Annual accounts 2011437,6 k €↑
2010
Annual accounts 2010404,5 k €↑
2009
Annual accounts 2009390,5 k €↑
2008
Annual accounts 2008350,3 k €↑
2007
Annual accounts 2007301,2 k €↓
2006
Annual accounts 2006319,2 k €

ETABLISSEMENTEN VERHELST

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