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Constructies VWG

Active
Private limited companyfounded 20188 yrs activeKambalastraat 14, 2030 Antwerpen, BelgiumKBO/BCE: BE 0704.805.859
Summary

Constructies VWG has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€273,730) and a net result of -€118,946. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability29▲+3
Solvency18▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.92 in 2024; short-term debt: 107.5% and cash: 1.7% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-7.5%
Return on assets
-3.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€273,730
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 02-07-2026, 29 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
29 d early
2024
16 d early
2023
7 d early
2022
31 d early
2021
30 d early
2020
30 d early
2019
4 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 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

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. Usually files around 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 September 2018, Constructies VWG was incorporated.1 Total assets went from EUR 13 million in 2019 to EUR 3.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€1,079
EBIT margin
-4790.9%
Net result
-€118,946▼ 46.9%
2024 · -€80,971
Working capital
-€273,730▼ 78.0%
2024 · -€153,766
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€1,079
Operating result€4,432€63,198▲ 1,326%-€11,336-€48,328▼ 326%-€51,680▼ 6.9%
Net result€2,932within the sector's middle half€3,098within the sector's middle half▲ 5.7%-€81,742below the sector's middle half-€80,971below the sector's middle half▲ 0.9%-€118,946below the sector's middle half▼ 46.9%
EBIT margin-4790.9%
Equity€4,831below the sector's middle half▲ 154%€7,929below the sector's middle half▲ 64.1%-€73,813below the sector's middle half-€154,784below the sector's middle half▼ 110%-€273,730below the sector's middle half▼ 76.8%
Total assets€7.9mabove the sector's middle half▼ 69.3%€2.3mwithin the sector's middle half▼ 71.3%€1.3mwithin the sector's middle half▼ 42.7%€1.7mwithin the sector's middle half▲ 31.8%€3.7mwithin the sector's middle half▲ 115%
Debt€7.9m▼ 69.3%€2.2m▼ 71.4%€1.4m▼ 39.2%€1.9m▲ 36.0%€3.9m▲ 111%
Working capital€4,831within the sector's middle half▼ 99.9%€7,929within the sector's middle half▲ 64.1%-€73,113within the sector's middle half-€153,766within the sector's middle half▼ 110%-€273,730within the sector's middle half▼ 78.0%
Solvency0.1%below the sector's middle half▲ 0.1pp0.4%below the sector's middle half▲ 0.3pp-5.7%below the sector's middle half▼ 6.1pp-9.1%below the sector's middle half▼ 3.4pp-7.5%below the sector's middle half▲ 1.6pp
Current ratio1.00within the sector's middle half▼ 0.211.00within the sector's middle half=0.95within the sector's middle half▼ 0.060.92within the sector's middle half▼ 0.030.93within the sector's middle half▲ 0.01
Return on assets (ROA)0.0%within the sector's middle half▲ 0.1pp0.1%within the sector's middle half▲ 0.1pp-6.3%below the sector's middle half▼ 6.5pp-4.8%below the sector's middle half▲ 1.6pp-3.3%below the sector's middle half▲ 1.5pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000Operating result 2021: €4,432€4,432Net result 2021: €2,932€2,932Operating result 2022: €63,198€63,198Net result 2022: €3,098€3,098Operating result 2023: -€11,336-€11,336Net result 2023: -€81,742-€81,742Operating result 2024: -€48,328-€48,328Net result 2024: -€80,971-€80,971Operating result 2025: -€51,680-€51,680Net result 2025: -€118,946-€118,94620212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€11,336-€11,300Net result 2023: -€81,742-€81,700Operating result 2024: -€48,328-€48,300Net result 2024: -€80,971-€81,000Operating result 2025: -€51,680-€51,700Net result 2025: -€118,946-€119,000202320242025
The operating result stays negative: a loss of €51,680 in 2025 against €48,328 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Quick ratio
0.38▲
2024 · 0.12
Debt to equity
-14.35▼
2024 · -12.00
Debt ≤ 1 year
€3.9m▲
2024 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,171 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
1.7% went bankrupt
2.6% stopped otherwise
95% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,171 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€3.7m▲
Current assets29/58€1.7m€3.7m▲
Stocks and contracts in progress3€1.5m€2.2m▲
Stocks30/36€1.5m€2.2m▲
Amounts receivable within one year40/41€205,814€1.4m▲
Trade receivables40€781€1,039▲
Other amounts receivable41€205,033€1.4m▲
Cash at bank and in hand54/58€16,315€61,855▲
Deferred charges and accrued income490/1€5,000€5,000=
Equity and liabilities
Total equity and liabilities10/49€1.7m€3.7m▲
Equity10/15-€154,784-€273,730▼
Contributions10/11€6,200€6,200=
Outside capital11-€6,200
Other1109/19-€6,200
Reserves13€21,050€21,050=
Tax-exempt reserves132€21,050€21,050=
Profit (loss) carried forward14-€182,034-€300,980▼
Amounts payable17/49€1.9m€3.9m▲
Amounts payable within one year42/48€1.9m€3.9m▲
Trade debts44€3,541€59,500▲
Suppliers440/4€3,541€59,500▲
Other amounts payable47/48€1.9m€3.9m▲
Accrued charges and deferred income492/3€1,019-
Income statement Code20242025
Turnover70-€1,079
Non-recurring operating income76A€772-
Goods, raw materials, services and sundry goods60/61-€56,251
Other operating charges640/8€9,145€5,257▼
Gross operating margin9900-€39,183-€46,423▼
Operating profit (loss)9901-€48,328-€51,680▼
Financial income75/76B€327€42▼
Recurring financial income75€327€42▼
Financial charges65/66B€32,970€67,308▲
Recurring financial charges65€32,970€67,308▲
Profit (loss) for the period before taxes9903-€80,971-€118,946▼
Profit (loss) for the period9904-€80,971-€118,946▼
Profit (loss) for the period to be appropriated9905-€80,971-€118,946▼
Appropriation of the result
Profit (loss) to be appropriated9906-€182,034-€300,980▼
Profit (loss) brought forward from the previous period14P-€101,063-€182,034▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70----€1,079-
Non-recurring operating income76A€68,344-€6,382€772--
Goods, raw materials, services and sundry goods60/61----€56,251-
Other operating charges640/8€1,042€860€1,816€9,145€5,257▼ 42.5%
Non-recurring operating charges66A€30,000-€14,000---
Gross operating margin9900€35,474€64,058€4,480-€39,183-€46,423▼ 18.5%
Operating profit (loss)9901€4,432€63,198-€11,336-€48,328-€51,680▼ 6.9%
Financial income75/76B€0€1€270€327€42▼ 87.0%
Recurring financial income75€0€1€270€327€42▼ 87.0%
Financial charges65/66B€0€60,992€70,676€32,970€67,308▲ 104%
Recurring financial charges65€0€60,992€70,676€32,970€67,308▲ 104%
Profit (loss) for the period before taxes9903€4,432€2,207-€81,742-€80,971-€118,946▼ 46.9%
Income taxes67/77€1,500-€892----
Profit (loss) for the period9904€2,932€3,098-€81,742-€80,971-€118,946▼ 46.9%
Transfer to tax-exempt reserves689-€21,050----
Profit (loss) for the period to be appropriated9905€2,932-€17,952-€81,742-€80,971-€118,946▼ 46.9%
Line20212022202320242025Change
Assets
Total assets20/58€7.9m€2.3m€1.3m€1.7m€3.7m▲ 115%
Current assets29/58€7.9m€2.3m€1.3m€1.7m€3.7m▲ 115%
Stocks and contracts in progress3€6.7m€1.2m€1.2m€1.5m€2.2m▲ 47.5%
Stocks30/36€6.7m€1.2m€1.2m€1.5m€2.2m▲ 47.5%
Amounts receivable within one year40/41€726,036€511,150€29,598€205,814€1.4m▲ 585%
Trade receivables40€710,536€489,758€348€781€1,039▲ 33.2%
Other amounts receivable41€15,500€21,392€29,249€205,033€1.4m▲ 588%
Cash at bank and in hand54/58€196,224€313,407€11,183€16,315€61,855▲ 279%
Deferred charges and accrued income490/1€257,915€244,164€5,000€5,000€5,000=
Equity and liabilities
Total equity and liabilities10/49€7.9m€2.3m€1.3m€1.7m€3.7m▲ 115%
Equity10/15€4,831€7,929-€73,813-€154,784-€273,730▼ 76.8%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Outside capital11----€6,200-
Other1109/19----€6,200-
Reserves13-€21,050€21,050€21,050€21,050=
Tax-exempt reserves132-€21,050€21,050€21,050€21,050=
Profit (loss) carried forward14-€1,369-€19,321-€101,063-€182,034-€300,980▼ 65.3%
Amounts payable17/49€7.9m€2.2m€1.4m€1.9m€3.9m▲ 111%
Amounts payable within one year42/48€7.9m€2.2m€1.4m€1.9m€3.9m▲ 112%
Trade debts44€714,995€385,396€1,051€3,541€59,500▲ 1,580%
Suppliers440/4€714,995€385,396€1,051€3,541€59,500▲ 1,580%
Advances received on contracts in progress46€3.9m-----
Taxes, remuneration and social security45€8,790€37,707----
Taxes450/3€8,790€37,707----
Other amounts payable47/48€3.3m€1.8m€1.4m€1.9m€3.9m▲ 109%
Accrued charges and deferred income492/3--€700€1,019--
Line20212022202320242025Change
Profit (loss) for the period9904€2,932€3,098-€81,742-€80,971-€118,946▼ 46.9%
Operating cash flow (approximation)€2,932€3,098-€81,742-€80,971-€118,946▼ 46.9%
Change in cash-€117,183-€302,224€5,132€45,540▲ 787%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€118,946
Net result drops to -€118,946, the lowest in the series.
15-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Highest result since 2019net €3,098 ▲5.7%
Operating result €63,198, net result €3,098, both a record.
01-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €2,932
Net result €2,932 after 2 loss-making years.
01-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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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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, Antwerpen · 1 establishment unit since 2018
seat establishment approximate The establishment unit on the map
Ground area
1,239 m²
Parcel 11807G1486/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
De Dams
Kambalastraat 14, 2030 AntwerpenReal estate development
since 20182.280.781.685
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G1486/00D000indicative Flanders 1,239 m² - -
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group ALINE 18 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. ALINE 100%
  2. VAN WELLEN GROUP 100%
  3. Constructies VWG

Highest known parent: ALINE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,394. 2,798 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0704805859
Also 9925:BE0704805859
Registered 21-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.