ACTIVE

VERHELST IMMO II

Financial year 2025 · Closed on 31/12/2025

Net result238,6 k €-28,8 %over 1 year

Gross margin365,3 k €-3,9 %over 1 year

Equity10,6 M €+2,3 %over 1 year

Identity

Source · BCE/KBO

VERHELST IMMO II is a Public limited company incorporated in 1991. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Oostende.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0444.033.930
Incorporation: 26/04/1991
Legal form: Public limited company
Registered office: Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital: 8 087 870,14 €
Latest accounts: 31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	365,3 k €	-3.9%	380,1 k €	-31.6%	555,5 k €	-60.4%	1,4 M €	+158%	542,6 k €
EBITDA	321,4 k €	+59.6%	201,4 k €	-60.6%	511,4 k €	-62.0%	1,3 M €	+181%	479,1 k €
Operating result	211,4 k €	-16.7%	254 k €	+6.3%	238,8 k €	-80.0%	1,2 M €	+352%	264,5 k €
Net result	238,6 k €	-28.8%	334,8 k €	+501%	55,8 k €	-95.0%	1,1 M €	+282%	290,5 k €
Balance sheet
Equity	10,6 M €	+2.3%	10,3 M €	+2.1%	10,1 M €	-21.1%	12,8 M €	+6.0%	12,1 M €
Total assets	11,7 M €	+6.6%	10,9 M €	+0.2%	10,9 M €	-19.3%	13,5 M €	+7.2%	12,6 M €
Cash	10,3 k €	0.0%	10,3 k €	+0.2%	10,3 k €	-0.5%	10,3 k €	-4.3%	10,8 k €
Debts	797,8 k €	+169%	296,3 k €	-36.7%	468,1 k €	+119%	213,8 k €	+3304%	6,3 k €

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 · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHELST GROUP0466.316.018Represented by Verhelst JOHAN	Director18/12/2015 → 26/06/2026Managing director18/12/2015 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kathleen Verhelst Comm.V0644.861.146Represented by Kathleen Verhelst	Director15/01/2016 → 2018 accounts

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende

Company	CBE no.
BALEGRO● Active	0420.538.847
BTW-eenheid Verhelst Group● Active	0715.511.491
DRONGEN E40● Active	0792.867.706
EUROPEAN PORT SERVICES● Active	0421.687.605
GECA INVEST● Active	0471.743.266
RECYC WEST● Active	0455.261.085
TERRA COSA● Active	0881.076.239
T.M.C. BELGIUM● Active	0427.365.766
TM Verhelst-Vanlerberghe● Active	0761.666.467
TopAsfalt● Active	0508.599.407
Top-Mix● Active	0415.555.324
TOP-MIX RECYCLING● Active	0720.650.018
Transport Janssens● Active	0415.603.626
VERHELST AANNEMINGEN● Active	0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active	0651.868.506
VERHELST GROUP● Active	0466.316.018
Verhelst Immo● Active	0416.873.534
Verhelst Machines● Active	0460.700.510
VERHELST SERVICES● Active	1016.042.930

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	01/01/2022	01/01/2021	01/07/2019
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	18 months
Filing date	16/07/2026	14/07/2025	15/07/2024	21/06/2023	05/07/2022	23/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	19/05/2023	03/06/2022	30/06/2021
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

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	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	23/07/2021	Dutch	PDF
Abridged model	30/06/2019	30/11/2019	19/12/2019	Dutch	PDF
Abridged model	30/06/2018	24/11/2018	23/12/2018	Dutch	PDF
Abridged model	30/06/2017	22/12/2017	07/02/2018	Dutch	PDF
Abridged model	30/06/2016	18/12/2016	02/02/2017	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	02/02/2016	Dutch	PDF
Abridged model	30/06/2014	24/12/2014	28/01/2015	Dutch	PDF
Abridged model	30/06/2013	20/12/2013	14/01/2014	Dutch	PDF
Abridged model	30/06/2012	21/12/2012	08/01/2013	Dutch	PDF
Abridged model	30/06/2011	16/12/2011	19/12/2011	Dutch	PDF
Abridged model	30/06/2010	24/12/2010	17/01/2011	Dutch	PDF
Abridged model	30/06/2009	24/11/2009	28/12/2009	Dutch	PDF
Abridged model	30/06/2008	19/12/2008	14/01/2009	Dutch	PDF
Abridged model	30/06/2007	20/12/2007	14/01/2008	Dutch	PDF
Abridged model	30/06/2006	21/12/2006	17/01/2007	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 · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHELST GROUP0466.316.018Represented by Verhelst JOHAN	Director18/12/2015 → 26/06/2026Managing director18/12/2015 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kathleen Verhelst Comm.V0644.861.146Represented by Kathleen Verhelst	Director15/01/2016 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/09/2026
Benoeming bestuurder
PDF
Mandates01/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/01/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates04/08/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2020
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/04/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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

Filings14 filings

Mandates

VERHELST GROUP

Kathleen Verhelst Comm.V

Mercurio

KATHLEEN VERHELST

JOHAN VERHELST

ANNEMIE VERHELST

MAGDA PONSEELE

199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

VERHELST IMMO IIKEENAN

Oudenburgsesteenweg 106, 8400 Oostende

DirectorManaging director

Director

DirectorManaging director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudenburgsesteenweg 106, 8400 OostendeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00300497
Dorpsstraat 4, 8420 De Haan	accounts 2021	Accounts 2021 · 2022-20132073

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VERHELST IMMO IICurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00300497
KEENAN	accounts 2010 → 2019	Accounts 2019 · 2019-77000217

Events

2025
Annual accounts 2025238,6 k €↓
2024
Annual accounts 2024334,8 k €↑
2023
Annual accounts 202355,8 k €↓
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021290,5 k €↑
2020
Name changeVERHELST IMMO II
2019
Annual accounts 2019-86,1 k €↓
2018
Annual accounts 2018-69,2 k €↑
2017
Annual accounts 2017-84,2 k €↓
2016
Annual accounts 20161,4 M €↑
2015
Annual accounts 2015-39,6 k €↓
2014
Annual accounts 2014-27,4 k €↑
2013
Annual accounts 2013-54,8 k €↑
2011
Annual accounts 2011-61,9 k €↓
2010
Annual accounts 2010-25 k €
26/04/1991
IncorporationPublic limited company

VERHELST IMMO II

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