CONSTRUCTIE V.B.W.
ActiveSummary
CONSTRUCTIE V.B.W. has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €455,760. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 1053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28110
1 site
How big
€5.4mtotal assets 2025
- Staff
- 6.6 FTE
- Equity
- €2.3m
- Profit
- €455,760
Turnover not published (abridged schema)
Who decides
Accounts 147 d early0 of 4 deeds read
Why 75- Higher-failure-rate sector+ Annual accounts: healthy financial profile+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability79=
Solvency68▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.58 in 2024; short-term debt: 19.6% and cash: 14.1% of total assets), and 57.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
42.7%
Return on assets
8.5%
Age of the figures
12 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 30-09-2025 was due by 30-04-2026 and was filed on 04-12-2025, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
147 d early
2024
30 d early
2023
77 d early
2022
30 d early
2021
19 d early
2020
50 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2019net €455,760 ▲8.6%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €5.4mProfit €455,760Solvency 42.7%Liquidity 1.40
Total assets
€5.4m▲ 2.2%
2019 - 2025
Net result
€455,760▲ 8.6%
2019 - 2025
Equity
€2.3m▲ 4.9%
2019 - 2025
Staff (FTE)
6.6▼ 17.5%
2019 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.3m▲ 61.0%€0.5m▲ 41.3%€0.6m▲ 23.5%€0.6m▲ 10.7%€0.7m▲ 9.4%
Net result€0.2mabove the sector's middle half▲ 105%€0.3mabove the sector's middle half▲ 36.5%€0.4mabove the sector's middle half▲ 25.1%€0.4mabove the sector's middle half▲ 14.0%€0.5mabove the sector's middle half▲ 8.6%
Equity€1.2mabove the sector's middle half▲ 12.8%€1.4mabove the sector's middle half▲ 19.4%€1.8mabove the sector's middle half▲ 26.3%€2.2mabove the sector's middle half▲ 23.7%€2.3mabove the sector's middle half▲ 4.9%
Total assets€4.5mabove the sector's middle half▲ 3.6%€5.3mabove the sector's middle half▲ 19.3%€5.3mabove the sector's middle half▼ 1.5%€5.3mabove the sector's middle half=€5.4mabove the sector's middle half▲ 2.2%
Debt€3.3m▲ 0.7%€3.9m▲ 19.3%€3.5m▼ 11.4%€3.1m▼ 12.0%€3.1m▲ 0.3%
Working capital-€0.2mbelow the sector's middle half▼ 321%-€0.03mbelow the sector's middle half▲ 84.2%€0.2mwithin the sector's middle half€0.4mwithin the sector's middle half▲ 134%€0.4mwithin the sector's middle half▼ 5.1%
Solvency26.2%within the sector's middle half▲ 2.1pp26.3%within the sector's middle half=33.7%within the sector's middle half▲ 7.4pp41.6%within the sector's middle half▲ 8.0pp42.7%within the sector's middle half▲ 1.1pp
Current ratio0.78below the sector's middle half▼ 0.160.97below the sector's middle half▲ 0.191.21within the sector's middle half▲ 0.241.58within the sector's middle half▲ 0.361.40within the sector's middle half▼ 0.18
Return on assets (ROA)4.8%within the sector's middle half▲ 2.4pp5.5%within the sector's middle half▲ 0.7pp7.0%within the sector's middle half▲ 1.5pp8.0%within the sector's middle half▲ 1.0pp8.5%within the sector's middle half▲ 0.5pp
Staff (FTE)10.7within the sector's middle half▲ 3.9%8.2within the sector's middle half▼ 23.4%8.1within the sector's middle half▼ 1.2%8within the sector's middle half▼ 1.2%6.6within the sector's middle half▼ 17.5%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets
€3.9m ▼ 3.6%
Current assets
€1.5m ▲ 21.9%
Equity and liabilities €5.4m
Equity
€2.3m ▲ 4.9%
Debt
€3.1m ▲ 0.3%
Debt's share of the balance-sheet total falls from 58.4% to 57.3%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€1.0m▲
2024 · €926,859
Cash flow
€772,250▲
2024 · €703,554
Quick ratio
1.14▼
2024 · 1.16
Debt to equity
1.34▼
2024 · 1.40
ROE
19.9%▲
2024 · 19.2%
Interest coverage
17.85▲
2024 · 15.21
Debt ≤ 1 year
€1.0m▲
2024 · €763,836
Debt > 1 year
€2.0m▼
2024 · €2.3m
Income taxes
€205,587▲
2024 · €189,466
Staff costs
€382,147▼
2024 · €434,045
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▲ 11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.03m | -€0.004m | -€0.001m | -€0.001m | -€0.06m | ▼ 9,662% |
| Other operating charges640/8 | €0.03m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 1.4% |
| Gross operating margin9900 | €1.1m | €1.1m | €1.3m | €1.4m | €1.4m | ▼ 1.3% |
| Operating profit (loss)9901 | €0.3m | €0.5m | €0.6m | €0.6m | €0.7m | ▲ 9.4% |
| Financial income75/76B | €0.01m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 44.4% |
| Recurring financial income75 | €0.01m | €0.01m | €0.01m | €0.03m | €0.02m | ▼ 44.4% |
| Financial charges65/66B | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 6.3% |
| Recurring financial charges65 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 8.6% |
| Income taxes67/77 | €0.07m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 8.6% |
| Transfer from tax-exempt reserves789 | - | €0.01m | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.4m | €0.4m | €0.5m | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €5.3m | €5.3m | €5.3m | €5.4m | ▲ 2.2% |
| Fixed assets21/28 | €3.7m | €4.3m | €4.2m | €4.0m | €3.9m | ▼ 3.6% |
| Intangible fixed assets21 | €0.002m | €0.002m | €0.001m | €0.001m | €37 | ▼ 94.3% |
| Tangible fixed assets22/27 | €3.7m | €4.3m | €4.2m | €4.0m | €3.9m | ▼ 3.6% |
| Land and buildings22 | €3.1m | €3.8m | €3.6m | €3.5m | €3.4m | ▼ 4.1% |
| Plant, machinery and equipment23 | €0.1m | €0.1m | €0.09m | €0.07m | €0.04m | ▼ 39.0% |
| Furniture and vehicles24 | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 4.9% |
| Financial fixed assets28 | - | - | €0.003m | €0.003m | €0.003m | = |
| Current assets29/58 | €0.8m | €1.0m | €1.1m | €1.2m | €1.5m | ▲ 21.9% |
| Stocks and contracts in progress3 | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 16.3% |
| Stocks30/36 | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 0.8% |
| Contracts in progress37 | €0.07m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 47.0% |
| Amounts receivable within one year40/41 | €0.3m | €0.5m | €0.4m | €0.3m | €0.4m | ▲ 28.4% |
| Trade receivables40 | €0.2m | €0.3m | €0.3m | €0.2m | €0.3m | ▲ 74.5% |
| Other amounts receivable41 | €0.08m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 17.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.09m | €0.2m | €0.5m | €0.8m | ▲ 41.3% |
| Deferred charges and accrued income490/1 | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 0.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €5.3m | €5.3m | €5.3m | €5.4m | ▲ 2.2% |
| Equity10/15 | €1.2m | €1.4m | €1.8m | €2.2m | €2.3m | ▲ 4.9% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.04m | ▼ 88.2% |
| Reserves13 | €0.9m | €1.1m | €1.4m | €1.9m | €2.3m | ▲ 20.7% |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €0.01m | €0 | - | - | - | - |
| Distributable reserves133 | €0.8m | €1.1m | €1.4m | €1.9m | €2.3m | ▲ 20.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €3.3m | €3.9m | €3.5m | €3.1m | €3.1m | ▲ 0.3% |
| Amounts payable after more than one year17 | €2.3m | €2.9m | €2.6m | €2.3m | €2.0m | ▼ 12.0% |
| Financial debts170/4 | €2.3m | €2.9m | €2.6m | €2.3m | €2.0m | ▼ 12.0% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €0.9m | €0.8m | €1.0m | ▲ 37.4% |
| Current portion of amounts payable after more than one year42 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.5% |
| Financial debts43 | €0.02m | €0.02m | €0 | - | - | - |
| Credit institutions430/8 | €0.02m | €0.02m | €0 | - | - | - |
| Trade debts44 | €0.5m | €0.5m | €0.4m | €0.2m | €0.2m | ▲ 14.5% |
| Suppliers440/4 | €0.5m | €0.5m | €0.4m | €0.2m | €0.2m | ▲ 14.5% |
| Advances received on contracts in progress46 | €0.02m | €0 | - | €0.04m | €0.3m | ▲ 608% |
| Taxes, remuneration and social security45 | €0.06m | €0.06m | €0.08m | €0.1m | €0.09m | ▼ 6.2% |
| Taxes450/3 | €0.02m | €0.03m | €0.04m | €0.05m | €0.05m | ▲ 6.0% |
| Remuneration and social security454/9 | €0.04m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 18.0% |
| Other amounts payable47/48 | €0.07m | €0.06m | €0.06m | €0.06m | €0.06m | ▲ 3.3% |
| Accrued charges and deferred income492/3 | €0.007m | €0.007m | €0.006m | €0.005m | €0.006m | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €215,360 | €294,023 | €367,922 | €419,528 | €455,760 | ▲ 8.6% |
| + Depreciation and write-downs630 | €175,099 | €222,517 | €260,504 | €284,027 | €316,490 | ▲ 11.4% |
| Operating cash flow (approximation) | €390,458 | €516,539 | €628,426 | €703,554 | €772,250 | ▲ 9.8% |
| Investment in fixed assets (approximation) | - | -€856,113 | -€96,965 | -€160,356 | -€169,024 | ▼ 5.4% |
| Change in cash | - | -€94,264 | €112,615 | €336,588 | €222,094 | ▼ 34.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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MODULCO
BE 0526.899.743
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Of 3,981 companies in this sector we hold annual accounts for 2,144. 997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 04-12-2025Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-09
Financial
Highest result since 2019net €455,760 ▲8.6%
Operating result €703,387, net result €455,760, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €2mEq €2.2m ▲23.7%
6 profitable years in a row build equity to €2.2m.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €1mEq €1.0m ▲11.3%
2 profitable years in a row build equity to €1.0m.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-02
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €4,4531 register with a recognition
Flemish government
€4,453
awarded · 2022 - 2025
Work and economy
3
current recognitions
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €4,453 awarded · €4,453 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €1,000 | €1,000 |
| 2023 | 2 | €3,094 | €3,094 |
| 2022 | 1 | €359 | €359 |
Recognitions · licences · registrations
Dual-learning approval
3 live approvalsLassen-constructie duaal (so)
Lasser-monteerder (vwo)
Lasser-monteerder duaal (so)
Company details
Private limited company · founded 21-06-2004Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded21-06-2004
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865884356
Also
9925:BE0865884356
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Evergem · 1 establishment unit since 2004
Ground area
5,085 m²
Building footprint
2,419 m²
Volume, LiDAR
22,161 m³
Parcel 44019B0687/00M000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Constructie V.B.W.
since 2004unit no. 2.137.784.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0687/00M000 | Flanders | 5,085 m² | 1 · 2,419 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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