ACTIVE

VERHELST GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

9,9 M €

+1033.0% YoY

Revenue

190,9 k €

+13.2% YoY

Equity

33,3 M €

+42.0% YoY

Workforce

18,8 ETP

+13.3% YoY

What does VERHELST GROUP do?

VERHELST GROUP is a Private limited company incorporated in 1999. Its main activity is: Real estate agencies. Its registered office is in Oostende. It employs on average 18,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.316.018

Incorporation

18/06/1999

Legal form

Private limited company

Registered office

Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map

Contributed capital

994 510,00 €

Latest accounts

31/12/2025

Average workforce

18,8 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70100Activities of head offices 93053Sports activities and amusement and recreation activities 96099Other personal service activities n.e.c.96999Other personal service activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	190,9 k €	+13.2%	168,6 k €	-63.5%	462 k €	+3.7%	445,6 k €	+3.8%	429,3 k €	-2.4%	439,9 k €	-38.2%	712,1 k €	-22.6%	919,8 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	2 M €	+447%	-582,9 k €	-142%	1,4 M €	-6.2%	1,5 M €	-0.8%	1,5 M €	+29.2%	1,2 M €	+19.0%	967,6 k €	+50.1%	644,6 k €	+2.2%	630,7 k €	-29.1%	889,3 k €	+235%	265,4 k €	-4.0%	276,4 k €	+305%	68,2 k €	-48.8%	133,2 k €	-49.8%	265,3 k €	+117%	122 k €	+46.6%	83,2 k €	+16.3%	71,6 k €
Operating result	1,4 M €	+231%	-1,1 M €	-221%	876,5 k €	-37.0%	1,4 M €	-1.6%	1,4 M €	+30.3%	1,1 M €	+20.3%	901,4 k €	+70.2%	529,5 k €	-5.2%	558,7 k €	+19.6%	467,2 k €	+89.7%	246,4 k €	+5.1%	234,4 k €	+505%	38,7 k €	-59.1%	94,7 k €	-59.7%	234,9 k €	+118%	108 k €	+86.5%	57,9 k €	-1.3%	58,7 k €
Net result	9,9 M €	+1033%	-1,1 M €	-115%	7,2 M €	+28.3%	5,6 M €	-4.6%	5,9 M €	+244%	1,7 M €	+214%	548 k €	-61.5%	1,4 M €	+257%	398 k €	+35.4%	293,9 k €	+162%	112,3 k €	-20.7%	141,6 k €	-75.7%	582,8 k €	+718%	71,3 k €	-48.0%	137,2 k €	+105%	66,9 k €	+256%	18,8 k €	+44.9%	13 k €
Balance sheet
Equity	33,3 M €	+42.0%	23,5 M €	-4.3%	24,5 M €	+41.9%	17,3 M €	+48.5%	11,6 M €	+103%	5,7 M €	+43.0%	4 M €	+15.8%	3,5 M €	-42.7%	6 M €	+7.1%	5,6 M €	+263%	1,6 M €	+1.9%	1,5 M €	+10.2%	1,4 M €	+72.8%	800,6 k €	+9.8%	729,3 k €	+23.2%	592,2 k €	+12.7%	525,3 k €	+3.7%	506,5 k €
Total assets	106,9 M €	+91.0%	56 M €	+7.1%	52,3 M €	+121%	23,6 M €	+27.1%	18,6 M €	+48.7%	12,5 M €	-9.8%	13,8 M €	+19.2%	11,6 M €	+18.2%	9,8 M €	-2.3%	10,1 M €	+240%	3 M €	+5.9%	2,8 M €	+1.8%	2,7 M €	+46.9%	1,9 M €	+22.6%	1,5 M €	+15.3%	1,3 M €	+10.4%	1,2 M €	+3.7%	1,2 M €
Cash	4,3 M €	+631%	587,5 k €	+6188%	9,3 k €	+39.8%	6,7 k €	-99.9%	5,4 M €	+249%	1,5 M €	-57.7%	3,7 M €	+13431%	27 k €	-97.2%	948,5 k €	-10.4%	1,1 M €	+284%	275,3 k €	-38.0%	444,3 k €	+31.0%	339,3 k €	-37.1%	539,6 k €	+25.1%	431,5 k €	+64.3%	262,6 k €	+107%	127,1 k €	+23.7%	102,8 k €
Debts	71,3 M €	+133%	30,6 M €	+17.2%	26,1 M €	+319%	6,2 M €	-8.9%	6,8 M €	+2.5%	6,7 M €	-30.8%	9,6 M €	+20.6%	8 M €	+118%	3,7 M €	-14.2%	4,3 M €	+252%	1,2 M €	+7.4%	1,1 M €	-9.5%	1,3 M €	+30.1%	960,8 k €	+37.6%	698,1 k €	-4.2%	728,6 k €	+8.6%	670,6 k €	+3.7%	646,7 k €
Other
Workforce	18,8 ETP	+13.3%	16,6 ETP	-6.7%	17,8 ETP	+2.3%	17,4 ETP	+397%	3,5 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Johan Verhelst

Director · since 22 décembre 2023

Active

OPC EUROPE

Director · since 22 décembre 2023 · 0421.855.770

Represented by Caroline Vanheede

Active

Ended mandates

OPC EUROPE

Director · since 01 octobre 2010 · 0421.855.770

Represented by Caroline Vanheede

Ended

OPC EUROPE

Manager · since 01 octobre 2010 · 0421.855.770

Represented by Caroline Vanheede

Ended

Johan Verhelst

Director · since 18 juin 1999

Ended

Johan Verhelst

Manager · since 18 juin 1999

Ended

At this address

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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 Immo● Active	0416.873.534
VERHELST IMMO II● Active	0444.033.930
Verhelst Machines● Active	0460.700.510
VERHELST SERVICES● Active	1016.042.930

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
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	16/07/2026	15/07/2025	15/07/2024	27/06/2023	06/10/2022	16/12/2022
General meeting	26/06/2026	27/06/2025	28/06/2024	02/06/2023	03/06/2022	16/12/2022
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	16/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	06/10/2022	Dutch	PDF
m120-f-p	31/12/2021	16/12/2022	22/12/2022	Dutch	PDF
Full model	31/12/2020	23/06/2021	14/07/2021	Dutch	PDF
m120-f-p	31/12/2020	16/12/2022	16/12/2022	Dutch	PDF
Full model	31/12/2019	13/07/2020	17/07/2020	Dutch	PDF
m120-f-p	31/12/2019	16/07/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	31/07/2019	16/08/2019	Dutch	PDF
m120-f-p	31/12/2018	28/06/2019	03/07/2019	Dutch	PDF
Abridged model	31/03/2017	27/10/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	16/11/2016	29/11/2016	Dutch	PDF
Abridged model	30/09/2014	30/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	14/05/2013	Dutch	PDF
Abridged model	30/09/2011	20/03/2012	08/06/2012	Dutch	PDF
Abridged model	30/09/2010	15/03/2011	13/05/2011	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	19/10/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	28/10/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 2 active · 7 ended

Active mandates

Johan Verhelst

Director · since 22 décembre 2023

Active

OPC EUROPE

Director · since 22 décembre 2023 · 0421.855.770

Represented by Caroline Vanheede

Active

Ended mandates

OPC EUROPE

Director · since 01 octobre 2010 · 0421.855.770

Represented by Caroline Vanheede

Ended

OPC EUROPE

Manager · since 01 octobre 2010 · 0421.855.770

Represented by Caroline Vanheede

Ended

Johan Verhelst

Director · since 18 juin 1999

Ended

Johan Verhelst

Manager · since 18 juin 1999

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/03/2024
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/08/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other02/05/2018
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares23/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares08/01/2016
KAPITAAL - AANDELEN
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 20259,9 M €↑
27/06/2025
nominationNV Callens Vandelanotte — commissaris
2024
Annual accounts 2024-1,1 M €↓
2023
Annual accounts 20237,2 M €↑
2023
Name changeVerhelst Group
01/01/2023
split
2022
Annual accounts 20225,6 M €↓
03/06/2022
nominationCVBA Vandelanotte Bedrijfsrevisoren — commissaris
2021
Annual accounts 20215,9 M €↑
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 2019548 k €↓
2018
Annual accounts 20181,4 M €↑
2017
Annual accounts 2017398 k €↑
2016
Annual accounts 2016293,9 k €↑
2014
Annual accounts 2014112,3 k €↓
2013
Annual accounts 2013141,6 k €↓
2012
Annual accounts 2012582,8 k €↑
2011
Annual accounts 201171,3 k €↓
2010
Annual accounts 2010137,2 k €↑
2008
Annual accounts 200866,9 k €↑
2007
Annual accounts 200718,8 k €↑
2006
Annual accounts 200613 k €
2006
Name changeVerhelst Johan
18/06/1999
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

VERHELST GROUP

Overview

What does VERHELST GROUP do?

Trend over 18 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