BART VERHELST
ActiveSummary
BART VERHELST has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.22M and a net result of €129k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+62
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 47.77 against 29.06 in 2024; short-term debt: 1% and cash: 42.5% of total assets), and 17.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.8%
Return on assets
4.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
12 d early
2023
40 d early
2022
7 d early
2021
2 d early
2020
60 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.22M▲ 6.2%
2024 · €2.09M
2019: €2.67M
2020: €2.56M
2021: €2.43M
2022: €2.31M
2023: €2.20M
2024: €2.09M
2019 → 2025
Total assets
€2.68M▲ 3.9%
2024 · €2.58M
2019: €3.04M
2020: €3.21M
2021: €3.01M
2022: €2.86M
2023: €2.71M
2024: €2.58M
2019 → 2025
Net result
€129k
2024 · €-110k
2019: €62k
2020: €-104k
2021: €-134k
2022: €-114k
2023: €-112k
2024: €-110k
2019 → 2025
Working capital
€1.24M▲ 56.5%
2024 · €795k
2019: €807k
2020: €1.05M
2021: €978k
2022: €909k
2023: €862k
2024: €795k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.43M-€2.31M▼ 4.7%€2.20M▼ 4.8%€2.09M▼ 5.0%€2.22M▲ 6.2%
Operating result€-103k-€-81k▲ 20.9%€-106k▼ 29.8%€-110k▼ 3.9%€93k
Net result€-134k-€-114k▲ 14.8%€-112k▲ 2.6%€-110k▲ 1.4%€129k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €93k after a loss of €110k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.68M
Fixed assets
€1.41M ▼ 19.7%
Current assets
€1.27M ▲ 54.3%
Equity and liabilities €2.68M
Equity
€2.22M ▲ 6.2%
Provisions
€187k ▼ 5.1%
Debt
€273k ▼ 6.2%
Debt's share of the balance-sheet total falls from 11.3% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157k▲
2024 · €-27k
Cash flow
€193k▲
2024 · €-27k
Current ratio
47.77▲
2024 · 29.06
Debt to equity
0.12▼
2024 · 0.14
ROE
5.8%▲
2024 · -5.3%
ROA
4.8%▲
2024 · -4.3%
Interest coverage
26.03▲
2024 · -4.20
Debt ≤ 1 year
€27k▼
2024 · €28k
Debt > 1 year
€245k▼
2024 · €261k
Income taxes
€932▲
2024 · €726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.58M€2.68M▲
Fixed assets21/28€1.76M€1.41M▼
Tangible fixed assets22/27€1.71M€1.41M▼
Land and buildings22€1.52M€1.23M▼
Plant, machinery and equipment23€241€63▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€185k€178k▼
Financial fixed assets28€44k€0▼
Current assets29/58€823k€1.27M▲
Amounts receivable within one year40/41€51k€69k▲
Trade receivables40€0€4k▲
Other amounts receivable41€51k€65k▲
Current investments50/53€55k€55k=
Cash at bank and in hand54/58€710k€1.14M▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.58M€2.68M▲
Equity10/15€2.09M€2.22M▲
Contributions10/11€30k€30k=
Reserves13€2.06M€2.19M▲
Tax-exempt reserves132-€107k
Distributable reserves133€2.06M€2.08M▲
Provisions and deferred taxes16€197k€187k▼
Provisions for liabilities and charges160/5€197k€187k▼
Pensions and similar obligations160€187k€187k=
Major repairs and maintenance162€10k€0▼
Amounts payable17/49€291k€273k▼
Amounts payable after more than one year17€261k€245k▼
Financial debts170/4€261k€245k▼
Amounts payable within one year42/48€28k€27k▼
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€3k€3k=
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€213k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€64k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-5k€-10k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€-22k€158k▲
Operating profit (loss)9901€-110k€93k▲
Financial income75/76B€7k€43k▲
Recurring financial income75€7k€5k▼
Non-recurring financial income76B-€38k
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€-109k€130k▲
Income taxes67/77€726€932▲
Profit (loss) for the period9904€-110k€129k▲
Transfer to tax-exempt reserves689-€107k
Profit (loss) for the period to be appropriated9905€-110k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€22k▲
Transfer from equity791/2€110k€0▼
Transfer to equity691/2-€22k
To other reserves6921-€22k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €129k
Net result €129k after 5 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-134k
Net result drops to €-134k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jagersdreef 362970 SchildeGround area
1,432 m²
Building footprint
142 m²
Volume, LiDAR
804 m³
Parcel 11041B0372/00A002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jagersdreef 36, 2970 Schilde
since 20022.298.654.431
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0372/00A002 | Flanders | 1,432 m² | 1 · 142 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9676000ILZ2ANL91G784
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 2,856 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:b_verhelst@telenet.be