ACTIVE

Verhelst Projects

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Financial year 2025 · closed on 30/09/2025

Net result

72,3 k €

-40.7% YoY

Gross margin

307,1 k €

-12.4% YoY

Equity

866 k €

+9.1% YoY

What does Verhelst Projects do?

Verhelst Projects is a Private limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Zedelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0524.912.728

Incorporation

28/03/2013

Legal form

Private limited company

Registered office

Schatting 39
8210 Zedelgem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70210Public relations and communication activities 70220Business and other management consultancy activities 73300Advertising and market research+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	307,1 k €	-12.4%	350,5 k €	-17.7%	426,1 k €	+58.4%	269 k €	-43.6%	476,5 k €	-22.4%	614,2 k €	+19.8%	512,5 k €	+190%	176,6 k €	-10.5%	197,3 k €	+13.5%	173,8 k €	+46.5%	118,6 k €	-29.5%	168,3 k €
EBITDA	303,5 k €	-12.4%	346,3 k €	-3.8%	360,2 k €	+168%	134,4 k €	-56.4%	308 k €	-28.0%	427,8 k €	-3.4%	442,8 k €	+173%	162 k €	-16.6%	194,3 k €	+13.3%	171,5 k €	+52.6%	112,4 k €	-31.8%	164,9 k €
Operating result	127,5 k €	-31.4%	185,8 k €	-5.0%	195,5 k €	+15510%	1,3 k €	-99.2%	151,1 k €	-44.8%	273,7 k €	-3.2%	282,8 k €	+273%	75,9 k €	-45.3%	138,8 k €	-3.2%	143,3 k €	+60.0%	89,6 k €	-16.2%	106,9 k €
Net result	72,3 k €	-40.7%	121,9 k €	+0.4%	121,4 k €	+12033%	1 k €	-99.0%	104,6 k €	-49.8%	208,6 k €	-3.8%	216,7 k €	+231%	65,4 k €	-27.5%	90,2 k €	+3.9%	86,8 k €	+54.8%	56,1 k €	-16.5%	67,2 k €
Balance sheet
Equity	866 k €	+9.1%	793,7 k €	-4.1%	827,5 k €	+17.0%	707 k €	-10.8%	792,7 k €	+6.5%	744,2 k €	+24.2%	599,3 k €	+56.3%	383,4 k €	+20.3%	318,8 k €	+39.5%	228,6 k €	+61.2%	141,8 k €	+65.4%	85,8 k €
Total assets	1,2 M €	-8.1%	1,4 M €	+4.5%	1,3 M €	-8.2%	1,4 M €	+5.8%	1,3 M €	-11.3%	1,5 M €	+26.4%	1,2 M €	+51.1%	791,5 k €	+18.7%	666,6 k €	+67.4%	398,3 k €	+46.5%	271,9 k €	+49.1%	182,4 k €
Cash	133,7 k €	-67.1%	406,2 k €	+134%	173,3 k €	-21.5%	220,9 k €	-22.4%	284,6 k €	+5.3%	270,3 k €	+7.8%	250,8 k €	+124%	112,1 k €	-42.2%	194 k €	-20.8%	245 k €	+110%	116,9 k €	+39.5%	83,8 k €
Debts	383,7 k €	-32.3%	566,6 k €	+19.4%	474,6 k €	-33.0%	708,1 k €	+29.5%	546,8 k €	-28.7%	767,1 k €	+28.6%	596,3 k €	+46.7%	406,5 k €	+17.2%	347 k €	+105%	169,6 k €	+30.5%	130 k €	+34.6%	96,6 k €
Other
Workforce	–		–		4,3 ETP	0.0%	4,3 ETP	+13.2%	3,8 ETP	-20.8%	4,8 ETP	+167%	1,8 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 30/09/2025 · 1 active · 1 ended

Active mandates

Wouter Verhelst

Director

Active

Ended mandates

Wouter Verhelst

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Pleisterwerken Verhelst● Active	0788.207.152

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	01/10/2024	01/10/2023	01/10/2022	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	9 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	30/04/2024	02/06/2023	22/08/2022	30/08/2021
General meeting	30/03/2026	31/03/2025	31/03/2024	31/03/2023	30/06/2022	03/05/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	31/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	02/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/08/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	03/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	05/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	19/08/2020	Dutch	PDF
Micro model	31/12/2018	04/05/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	05/05/2018	19/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/05/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	17/06/2015	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 30/09/2025 · 1 active · 1 ended

Active mandates

Wouter Verhelst

Director

Active

Ended mandates

Wouter Verhelst

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office30/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office28/05/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office27/03/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares02/12/2013
DIVERSEN - KAPITAAL - AANDELEN
PDF
Other02/04/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202572,3 k €↓
2024
Annual accounts 2024121,9 k €↑
2023
Annual accounts 2023121,4 k €↑
2022
Annual accounts 20221 k €↓
2022
Name changeVerhelst Projects
2021
Annual accounts 2021104,6 k €↓
2021
Name changeVerhelst Wouter
2020
Annual accounts 2020208,6 k €↓
2019
Annual accounts 2019216,7 k €↑
2018
Annual accounts 201865,4 k €↓
2017
Annual accounts 201790,2 k €↑
2016
Annual accounts 201686,8 k €↑
2015
Annual accounts 201556,1 k €↓
2014
Annual accounts 201467,2 k €
28/03/2013
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 Projects

Overview

What does Verhelst Projects do?

Trend over 12 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